Direct Support Organizations Presented by Shawnta Friday-Stroud, - PowerPoint PPT Presentation

Direct Support Organizations Presented by Shawnta Friday-Stroud, Ph.D. Board of Trustees Meeting, June 3, 2020

Direct Support Organizations Shawnta awnta Friday day-Stro troud ud, , Ph.D. .D. Vice Vi e Pres eside ident, nt, Univer ersity ity Adva vanc nceme ement nt Execut cutiv ive e Direct ctor, or, FAMU MU Foundati ndation, n, Inc. c. Dea ean, n, School ol of Busine siness ss and d Industry try

Approval of Minutes Recommendation: Approve the minutes of the March 4, 2020, Director Support Organizations (DSO) Committee Meeting.

DSO Budgets Summary: Consideration of Approval of DSO Budgets: FY 2020-2021 a. FAMU Foundation, Inc. b. FAMU Rattler Boosters Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2018-01. The DSO shall submit an annual operating budget, which has been approved by the DSO’s governing board and by the President and submitted to the Board for approval.

Honorary Namings Summary: Consideration of Approval of Honorary Namings a. Steele-Smith Concert Choral Suite b. Mary W. Roberts Recital Hall Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2008-05: Naming Opportunities.

DSO Board Member Summary: Consideration of Approval of New DSO Board Member • FAMU Foundation Board of Directors • Student Government Association Representative • Mr. Maurice Gilbert • Recommended by the Student Body President Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2018-01. The policy provides that the Board shall approve all appointments, including elected board members, to any DSO board.

Update on Divisional Activities A. FY 2019-20 University Updates • UA kicked off its first ever/Day of Giving Campaign, 1887 Strikes, 1887 minutes of giving from April 30-May 1 raising $213,256.72. • UA kicked off the FAMU Rising “Rise of the Rattler” Campaign with Memory Lane Brick Sale to fund raise for Student Success Initiatives. • Received $1.4M cash donations in December; largest amount ever raised in December • Giving Tuesday raised $63,000 on December 3, 2019

8-Year Fundraising Overview FUNDRAISING PERFORMANCE SNAPSHOT Cash Pledges Pledge Collections Total $11.6 $10.8 $9.7 $9.0 Millions $6.7 $6.4 $6.0 $5.8 $5.4 $5.2 $5.2 $4.9 $4.7 $4.6 $4.5 $4.3 $3.8 $3.3 $3.3 $3.2 $1.6 $1.1 $1.0 $0.5 $0.5 $0.5 $0.3 $0.2 $0.2 $0.2 $0.1 $0.0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-2020

Endowment and Investment Values Investment and Endowment Historical Three Factors that Affect Market Values Endowment Value 1) Endowment Cash Gifts 2) Annual Spend Allocation (Reduces 130,721,282 value on July 1st) 125,864,816 125,708,524 3) Investment Gains/Losses 122,245,386 122,199,666 121,777,980 113,117,482 Additional Factors that Affect Investment Value 100,399,702 98,213,088 1) Operational spending over and 97,071,355 96,350,362 above or below annual spending 92,738,902 91,970,543 allocation 86,735,526 2) Investment fees paid with cash from checking account 12/31/19 6/30/19 6/30/18 6/30/17 6/30/16 6/30/15 6/30/14 Investment Portfolio Endowment

2019-2020 Fundraising as of 5/15/2020 FUNDRAISING PERFORMANCE AGAINST Progress as of May 8, 2020: GOALS $6,084,564.27 By 6/30/2020 As of 5/15/2020 (49.9% of $12.2 Million) $12.2 • New Cash Goal - $4.2M Current - $4,940,323.50 (118%) Millions up $1.128M from last year • Planned Gifts Goal -$4.1M $5.1 Current - $950,443 (23.1%) $3.99 $4.2 $4.1 $3.9 • Pledges Goal - $3.9M Current - $206,797.77 (5.4%) $.85 • Pledge Collections $.26 Current - $614,530.72 CASH PLANNED GIFTS PLEDGES TOTAL

Segmentation of $12.2 Goal Student Student Success The Arts & History FAMU Athletics Scholarships Initiatives Goal - $1M (~8% of Goal - $1M (~8% of Goal - $7.2M (~59% of Goal - $3M (~25% of $12.2) $12.2) $12.2) Cash Goal – $400K $12.2) Cash Goal – $400K Cash Goal – $2.4M Pledge Goal – $300K Cash Goal – $2M Pledge Goal – $300K Pledge Goal – $1.8M Planned Gift Goal – $300K Pledge Goal – $500K Planned Gift Goal – $300K Planned Gift Goal – $3M Planned Gift Goal – $500K

Fundraiser Segmentation Planned Giving Annual & Affinity Giving ~$850K/$4.1M (20.7%) ~ $2.05M/$2.6M (78.8%) Audrey Simmons Smith Brandi Tatum-Fedrick Shawnta Friday-Stroud Quiana Lowe Kristen Florence Fundraising Categories by Fundraiser Major/Principal Giving Corporate Giving ~$700K/$1.5M (46.6%) ~$1.5/$4M (37.5%) Audrey Simmons Smith Kimberly Hankerson Brandi Tatum-Fedrick Audrey Simmons Smith Shawnta Friday-Stroud Shawnta Friday-Stroud Larry Robinson, Ph.D. Larry Robinson, Ph.D.

DSOs Updates FAMU Foundation, Inc. • Spring 2020 Board Meeting via Zoom, May 21 • Investment Portfolio at 3/31/2020: $108,779,300 (rebounded by 4/30/2020) • 30 • Endowment value at 3/31/2020 $83,959,341 (rebounded by 4/30/2020) FAMU National Alumni Association • Supported 1887 Strikes Campaign - NAA SOS Fund • Hosted the NAA Virtual Town Hall via Zoom and Facebook • Sponsored 60 COVID-19 Testing Site volunteer lunches for 10 days • Annual Convention, November 2020, Orlando during Florida Classic

DSOs Updates FAMU Rattler Boosters • Ms. Angelia N. Williams replaces Mr. Tommy Mitchell Sr. as Executive Director. • The Boosters thank Mr. Mitchell for his fine Leadership and fundraising efforts. • The annual Football Rattler Boosters Kick-Off luncheon is tentatively scheduled for Saturday, August 22, 2020. • The Rattler Boosters acknowledge the seamless lines of Communications with the Athletic department under the leadership of Vice President Kortne Gosha. • The Boosters support the Field House Renovation and have contributed to the purchase of the new Football Lockers.

“At FAMU, Great Things are Happening Every Day!”