N o r t h C a r o l i n a INDEPENDENT. C o l l e g e s & U n i v e r s i t i e s annual report PROSPERITY THROUGH HIGHER EDUCATION

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1 INDEPENDENT N o r t h C a r o l i n a C o l l e g e s & U n i v e r s i t i e s annual report PROSPERITY THROUGH HIGHER EDUCATION

2 My college experience has given me many opportunities to engage in research and independent projects. Charles Faires, Warren Wilson College

3 Annual Report of North Carolina Independent Colleges and Universities HIGHER EDUCATION AND A PROSPEROUS NORTH CAROLINA North Carolina s 36 independent nonprofit colleges and universities are a state treasure and force for prosperity. We enroll nearly 90,000 undergraduate and graduate students and each year award nearly 30 percent of all undergraduate degrees in the state. Many students at private colleges and universities are the first in their families to go to college, and many depend on financial aid to be able to attend. The preparation our institutions give students to succeed in work and life is critical to our state s success and future. Both independent and public institutions of higher education naturally face ongoing challenges, including sweeping demographic changes, strain in the economy, and uncertainty about federal funding and regulation. We are addressing those and other challenges with new and expanded programs, additional scholarship and grant support from the state and private donors, and increased opportunities for students in areas such as research and internships. In 2014, as we mark our 45th year as the statewide office for private higher education, North Carolina Independent Colleges and Universities (NCICU) continues to expand support of the state s private institutions of higher learning and to help find ways to deliver even greater value to students and their families. Leo M. Lambert, Chair NCICU Board of Directors, Elon University Leslie Hayes, Chair ICFNC Board of Directors Business Banking Division Manager, Wells Fargo The Independent College Fund of North Carolina (ICFNC), which was formed in 1953 and merged into NCICU in 1995, plays a crucial role in this work. In the academic year, ICFNC raised $2.5 million, including gifts for student scholarships, enrichment programs and special projects. The important work that NCICU and ICFNC provide for our institutions is possible only with the strong support of state and federal policy makers, our generous donors and sponsors, the outstanding leadership of our volunteer boards, and the dedicated commitment of our NCICU staff. We are deeply grateful for all of our partners and for the students and families who hold the promise for North Carolina s future. NCICU ANNUAL REPORT 1

4 Who we are OUR ROLE NCICU is the statewide office for North Carolina s 36 independent nonprofit colleges and universities. OUR MISSION AND HISTORY Formed in 1969, NCICU supports, represents and advocates for our institutions on issues involving independent higher education in North Carolina. We help develop scholarship support for students, engage in state and federal public-policy work, and partner with the state s other education systems on a broad range of issues. We also provide research and information to and about private colleges and universities, support opportunities for staff development, and coordinate collaborative programs for our institutions. In 1995, the Independent College Fund of North Carolina (ICFNC), a collaborative effort formed in 1953 among corporations, foundations and individuals to develop resources to support our state s independent colleges, merged with NCICU. OUR LEADERSHIP NCICU is governed by a board of trustees consisting of the presidents of each of the 36 independent colleges and universities in the state. Business and community leaders from across the state join 25 presidents on the advisory board for ICFNC. OUR INSTITUTIONS Independent higher education in North Carolina includes colleges for women, historically black institutions, and one two-year college. All are liberal arts, comprehensive or research institutions and are accredited by the Southern Association of Colleges and Schools. (For information about the 36 independent colleges and universities in North Carolina, see Pages 14 and 15.) OUR TAX STATUS NCICU and the 36 independent colleges and universities are tax-exempt under section 501(c)3 of the U.S. Internal Revenue Code. Contributions are fully tax-deductible as provided by law. OUR STAFF A. Hope Williams, president Tim McDowell, vice president of government relations and public information James E. Jim Brown, Jr., managing director, Independent College Fund of North Carolina Yvonne Chacos, coordinator of collaborative programs Frances Fontaine, director of research and programs Gwenn Hobbs, executive assistant and office manager Anthony Locklear, director of college access programs Colleen Mazza, associate director, Independent College Fund of North Carolina Chuck Taylor, director of the Collaboration Initiative Lynwood Thombs, systems administrator HOW TO REACH US 530 N. Blount St. Raleigh, NC Phone: Fax: The financial operations of North Carolina Independent Colleges and Universities and the Independent College Fund of North Carolina are audited by Koonce, Wooten & Haywood, LLP, Certified Public Accountants. 2 NCICU ANNUAL REPORT

5 A year of challenge and promise NCICU PROVIDED CRITICAL PROGRAMS IN , AND PLANNED NEW INITIATIVES, TO SUPPORT OUR 36 INSTITUTIONS: State lawmakers approved nearly $86.4 million in needbased scholarship funding for students at private colleges and universities, and clarified tax issues on pre-paid meal plans and event fees. (See Page 6.) The Independent College Fund, celebrating its 60th anniversary in 2013, raised $2.5 million in Launched in 1953, the Fund now has raised over $80 million. (See Page 6.) The Independent College Access Network, with a threeyear, $1.6 million federal grant and over $300,000 in private funding, worked with campus leaders to boost the number of students attending and graduating from college. (See Page 6.) NCICU held its 3rd Annual Ethics Bowl at the Campbell University School of Law in Raleigh. Over 100 students from 20 campuses participated. (See Page 8.) NCICU and the UNC System held the 9th Annual State of North Carolina Undergraduate Research and Creativity Symposium at UNC-Charlotte. Over 400 students participated. (See Page 8.) NCICU s Collaboration Initiative continues to grow, with 28 Business Affiliates now making their products and services available to all 36 institutions, and development of a new web portal for campuses to procure discounted goods and services. (See Page 10.) Two pioneering studies will measure the impact of education on North Carolina s workforce and economy. (See Page 4.) NCICU ANNUAL REPORT 3

6 Engine of prosperity and opportunity North Carolina s 36 independent colleges and universities generate over $7 billion a year for the state s economy, plus $400 million in taxpayer savings. The campuses employ over 65,000 people and together represent the state s second-largest employer. FOUNDATION FOR SUCCESS At some of our campuses, as many as eight in 10 students are the first in their family to go to college, with over nine in 10 students at some schools receiving financial aid. And tuition and fees are highly competitive, averaging $25,596, or $4,500 below the national average. DISTINCTIVE ACADEMIC ACHIEVEMENT NCICU campuses each year award nearly three in 10 of all baccalaureate degrees in the state. They also award nearly two in three of all law degrees, over half of all medical degrees and pharmacy degrees, and over four in 10 of all business and management degrees. DIVERSE MIX OF STUDENTS NCICU institutions enroll nearly 69,000 undergraduate students and over 20,000 graduate and professional students. Among those students, over half are North Carolina residents, 37,600 are white, 16,000 are African American, 2,800 are Hispanic or Latino, 2,400 are Asian, nearly 500 are American Indian or Alaskan Native, and over 5,000 represent other ethnic groups. BROAD, LONG-TERM IMPACT NCICU is part of two collaborative research efforts designed to better understand the impact of education on North Carolina s workforce and economy. Along with the University of North Carolina system, state Community College System, state Department of Public Instruction, pre-kindergarten programs, state Division of Employment Security and state Division of Motor Vehicles, we are part of a longitudinal data study that will, in the aggregate and without identifying individuals, show the path students follow from school to college to jobs. Neither the identity of individual students nor any identifiable information will be released. That data will be invaluable to education researchers and to government leaders, education officials and others charged with critical policy and spending decisions about our schools, colleges, workforce and economy. NCICU is involved in a second study with the UNC and Community College systems that will gauge the economic, cultural and educational impact of higher education in our state. Conducted by EMSI, the study will be an important tool in helping anyone who cares about North Carolina understand the inextricable relationship of all higher education to our state s growth and progress. I am a person who enjoys developing deep and lasting relationships with people and I feel that a private school provides a greater opportunity for that to happen. Kyle Cooper, Gardner-Webb University 4 NCICU ANNUAL REPORT

7 How we operate ACCOUNTABILITY The North Carolina State Education Assistance Authority awards and accounts for all state grant funds received by campuses on behalf of North Carolina students. Those funds are subject both to institutional audits and state program reviews. GOVERNANCE Governing North Carolina s independent colleges and universities are over 1,300 of the state s government, business and civic leaders. Independent college trustees are deeply committed to their responsibilities and meticulous in providing planning and guidance to their institutions, and in evaluating their operations. ACCREDITATION The Southern Association of Colleges and Schools Commission on Colleges provides regional accreditation for all 36 NCICU campuses. Continuing accreditation requires institutions to keep high management practice standards for mainstream higher education. Regional accreditation assures the high quality the state recognizes for quality assurance. COSTS While higher education costs keep growing, NCICU campuses strive to keep tuition and fees as low as possible and to stay competitive. Every institution provides funds to assist students with financial need. Institutions partner with federal and state governments to provide a package of financial aid designed to keep enrollment affordable. You re not just another face in the crowd. You are an individual, recognized by everyone from your professors to the president of the college; and they are all genuinely invested in your success. Aisha Kelly, Bennett College NCICU ANNUAL REPORT 5

8 Making college affordable In 1953, a group of visionary North Carolina companies launched a formal effort to sustain and expand the financial investment that businesses in the state had been making for years in higher education. That effort, the Independent College Fund of North Carolina, now has raised more than $80 million, including $2.5 million in The annual campaign for the Fund runs from May 1 through April 30. Contributions include but are not limited to gifts for student scholarships, enrichment programs and special projects. To celebrate its 60th anniversary in 2013, the Fund held three regional events attended by students, donors, college presidents and institutional representatives. The events were hosted by Queens University of Charlotte and sponsored by Chartwells; hosted by Salem College; and hosted by NCICU at our headquarters in Raleigh and sponsored by ARAMARK. Corporations and foundations that contributed over $75,000 for the campaign include: BB&T Charitable Foundation The Duke Energy Foundation The Golden LEAF Foundation The UPS Foundation Wells Fargo Foundation Supporters contributing to the Fund for over 50 years include: BB&T Charitable Foundation Bernhardt Furniture Company B.C. Moore Foundation Bridgestone Americas Wilson Plant Burlington Industries Foundation Dominion NC Power The Duke Energy Foundation George Foundation Joseph Dave Foundation Martin Marietta Materials R.A. Bryan Foundation Mr. and Mrs. Trent W. Ragland, Jr. Stonecutter Foundation The Universal Leaf Foundation Wells Fargo Foundation FOSTERING STUDENT SUCCESS Getting into college and, once there, succeeding in the classroom and navigating campus life can represent big challenges for some students, including the many students at NCICU institutions who are the first in their families to go to college. To help students find a path to college success, NCICU created the Independent College Access Network, or ICAN, a collaborative effort with the leadership at all 36 independent colleges and universities to create, support and expand programs focused on increasing the number of students attending and graduating from college. ICAN focuses on first-generation, low-income or minority students, and students at risk of educational failure. Since it was launched in 2009, ICAN has received nearly $1.6 million in grant funds, leveraged another $302,500 from private and corporate foundations, and awarded 103 grants to campuses. In addition to funding mentoring and other programs developed on individual campuses, ICAN also has supported professional development opportunities focusing on pre-college programs, college admissions, success programming, financial aid and other topics. Designed for campus outreach staff, the goal of those activities is to increase collaboration among institutions and to share best practices. MENTORING MINORITY STUDENTS With a $27,500 grant from the Council of Independent Colleges, NCICU provided a Minority Mentoring Initiative aimed at connecting the dots of access, retention and success for minority students on member college and university campuses. Five campuses applied and all received funds through the grant to offer mentoring programs. 6 NCICU ANNUAL REPORT

9 A champion for private higher education For 45 years, NCICU has forged and advanced collaborative relationships with government and the private sector that are integral to the ability of the state s independent colleges and universities to maintain the highest academic standards while remaining affordable to all students. Fundamental to that collaboration is NCICU s work with state and federal officials on public policy and spending issues affecting independent colleges. FINANCIAL SUPPORT FOR STUDENTS In their short legislative session in 2014, state lawmakers approved nearly $86.4 million for North Carolina students with a demonstrated financial need to attend a private college or university in the state through the North Carolina Need Based Scholarship Fund. The campuses matched those funds with over $400 million through their own aid packages. Thanks to funding the North Carolina General Assembly has provided for over 40 years to make it possible for the state s citizens to go to private colleges and universities, our state s workforce now includes over one million college-educated North Carolinians. Those jobs help drive our economy and have doubled the tax revenues the state would have received had scholarship funds not created those educational opportunities. That state funding also has saved hundreds of millions of dollars a year that state taxpayers otherwise would have paid through the state budget for North Carolina s public higher-education systems to educate those citizens. Although annual tuition averaging $25,596 at NCICU campuses remains below the national average, giving some students a chance to attend an independent college or university depends on the combined support of government, companies, churches and civic groups, as well as the campuses and the students and their families. NCICU is deeply grateful for the continued support of state lawmakers for the public investment that provides scholarship funding for private higher education. Their decades-long commitment underscores the value of our public-private partnership to North Carolina s continued prosperity. It would have been impossible for me to be able to attend college if it had not been for the generosity of others. I hope to be able to pay it forward to others who face similar life challenges. Traci Lawrence, Salem College NCICU ANNUAL REPORT 7

10 Inspired undergraduate scholarship Ethical thinking for a complex world For the past nine years, thanks to a partnership between NCICU and the UNC System, undergraduate students throughout the state have had a rare opportunity to get together to celebrate and share their scholarly and artistic work. On November 16, 2013, more than 400 students, including 120 from North Carolina s independent colleges and universities, gathered at UNC-Charlotte for the 9th Annual State of North Carolina Undergraduate Research and Creativity Symposium. Topics featured at the Symposium, the only statewide opportunity for undergraduates to present the results of their research, ranged from factors affecting pediatric health to veterans affairs and pirates in North Carolina. NCICU also provides financial support for juniors and seniors to perform undergraduate research in science, technology, engineering or mathematics under the guidance of a faculty adviser through its Undergraduate Research Program. Students apply for funding assistance and are selected by a committee. In , six students were selected to receive stipends totaling $1,900. Recognizing the increasingly fundamental need for ethical thinking in work and in life, NCICU in 2012 created an initiative to stimulate and celebrate ethical thought and debate among students at the state s 36 independent colleges and universities. The effort includes academic programs that culminate in the annual NCICU Ethics Bowl, a roundrobin competition among student teams from participating campuses. NCICU held its 3rd Ethics Bowl at the Campbell University School of Law in Raleigh on February 7 and 8. Focused on the theme of Ethics in Health Care, more than 100 students from 20 colleges and universities participated. Former CEO of GlaxoSmithKline, Robert Ingram, was the featured keynote speaker. Students from Wake Forest University won first place in a final round with students from Gardner Webb University. NCICU deeply appreciates the support of our presenting sponsors, Duke Energy and Wells Fargo. We also are grateful for the support of our other sponsors, including BB&T, BCWH Architects, Burlington Industries Foundation/International Textile Group, Dominion NC Power, AT&T, Fidelity Investments, George Foundation, Martin Marietta Materials, Ads Infinitum, Theo Davis Printing, and Piedmont Natural Gas. The 2015 Ethics Bowl will be held in February 2015 in Raleigh, with 22 institutions competing. The topic will be Ethics in Education. The Ethics Bowl is the highlight of our year: for our students, but also for us campus coordinators. Matthew Brophy, High Point University 8 NCICU ANNUAL REPORT

11 I have really enjoyed my college experience. I have learned so many fascinating things and I am confident the education I am receiving now is preparing me for a career in the medical field. Katelyn DeZego, Catawba College NCICU ANNUAL REPORT 9

12 Collaboration for Effective Campus Operations A top priority at NCICU is to help make doing business more productive and less expensive for the state s 36 independent colleges and universities. As the statewide office for those institutions, NCICU offers a range of programs that promote best practices, the sharing of information and, where appropriate, the coordination of business services. AFFINITY GROUPS Each year, NCICU sponsors a series of meetings and activities, each focusing on a particular administrative function or academic discipline. Those sessions bring together officials from our campuses in fields such as academic affairs, admissions, business, development, financial aid, information technology, institutional research and assessment, libraries, marketing, public information, purchasing, student affairs, teacher education and Title IX, the 1972 federal law that requires gender equity for men and women in every educational program that receives federal funding. COLLABORATION INITIATIVE For the past three years, with funding from the Cannon Foundation, NCICU has offered a Collaboration Initiative that works to make it easier and less expensive for campuses to procure products and services. BUSINESS AFFILIATE PROGRAM The Collaboration Initiative s Business Affiliate program is a partnership between NCICU and businesses that already serve one campus or more and want to make their products and services available to all campuses. The program now includes about 28 Business Affiliates, and the list is growing. Affiliates also have sponsored NCICU activities and serve on the board of directors of the Independent College Fund. COORDINATED PROCUREMENT Providing opportunities for North Carolina s independent colleges and universities to procure goods and services at discount prices has been a key goal of the Collaboration Initiative. In three years, we have made multiple purchase contracts available to the campuses. NCICU now is developing an e-procurement web portal to make those purchasing agreements more easily accessible to campus personnel. The portal, to be available by the end of the year, will let users shop online for the best prices on many of the commodities that campuses regularly consume. And an electronic payment feature that carries a rebate based on the dollar volume of purchasing through the portal will help make the procurement process a net profit center. BENEFITS ALLIANCE Thirteen campuses are participating in a study by NCICU to test the feasibility of an NCICU Benefits Alliance. The study aims to determine whether the combined purchasing power of the campuses can yield better pricing for self-funded employee health care and auxiliary insurance than is currently available to individual institutions on their own. RETIREMENT PLAN ADVISORY SERVICES NCICU has sought proposals to provide 403(b) retirement plan services to our campuses on a collaborative basis. The effort is a response to a mandate by the U.S. Department of Labor for certain fiduciary requirements on both the plan and participant level that require the expertise of third-party advisors. Those services, if acquired by an individual institution, can be expensive. Because most NCICU campuses use the administrative and investment services of TIAA-CREF, the campuses are seeking ways to collaborate with an advisory firm to reduce both the time and costs of complying with Labor Department regulations. SUSTAINING THE COLLABORATION INITIATIVE Building on the collaborative programs NCICU has created over the past three years with funding from the Cannon Foundation to help lower administrative costs on our campuses, we continue to look for new legacy programs that not only will reduce those costs even more but also that will help sustain the Collaboration Initiative over the long-term. FREE SOFTWARE AND TRAINING Twenty-seven independent colleges and universities have participated in an NCICU program, funded by a continuing grant from SAS, that provides free software and training. In , those campuses received a total of $1.3 million in free software, with amounts based on individual campus needs and ranging from $7,800 to $209,000 in value. 10 NCICU ANNUAL REPORT

13 I chose a private school because I wanted the more personal learning environment. It is important to me to be able to have that one-on-one or small group interaction with professors. Jacquelyn Ruiz, Lees-McRae College NCICU ANNUAL REPORT 11

14 Opportunities for giving INDEPENDENT COLLEGE FUND OF NORTH CAROLINA Keeping tuition affordable is a priority for North Carolina s 36 independent colleges and universities. Yet while annual tuition at our campuses remains several thousand dollars below the national average, some families still find costs at our institutions beyond their means. To provide the resources to allow families to send their children to college, the Independent College Fund of North Carolina, an arm of NCICU, partners with the corporate and foundation communities to invest in scholarships and other programs to support our students. Individual campuses share equally in 60 percent of student scholarship funds distributed through ICFNC. The remaining 40 percent is distributed in proportion to the number of full-time-equivalent undergraduate students at each campus. Individual campuses also may receive specially designated contributions. GENERAL SCHOLARSHIP GIFTS Many donors choose to support general scholarships through ICFNC because it gives them the opportunity to affect directly the lives of more than one student with a single gift. Support for general scholarships represents a powerful investment option for donors that also gives independent colleges and universities a flexible form of financing they can use to provide scholarship awards at the campus level. NAMED SCHOLARSHIP GIFTS An increasingly popular option for giving in recent years has been ICFNC s Named Scholarship Program because it allows donors to choose specific programs, institutions or under-represented student populations to support through designated gifts. For a gift of $2,000 or more for an individual student, donors may create a named scholarship at the institutions of their choice and also may assist in outlining criteria for selecting scholarship recipients. Each named scholarship provides much-needed financial aid for students, and provides philanthropic recognition of the donor at the institution. GIFTS-IN-KIND AND SPONSORSHIPS Continuing growth in the number of NCICU programs and events gives donors an increasingly broad range of opportunities to support students attending our state s independent colleges and universities. Options for support include sponsoring NCICU administrative meetings, conferences, special events or publications, to name just a few giving opportunities. CAPITAL CAMPAIGN GIFTS The NCICU office is housed in an historic residence that was built in Gifts to NCICU s capital campaign support the purchase, renovation and maintenance of the house. Located at 530 N. Blount St. in downtown Raleigh, the office provides high visibility for NCICU and independent higher education. We invite current and prospective donors to visit when you are in the Triangle. STUDENT ENRICHMENT PROGRAMS NCICU seeks support for programs to continue to increase the excellence of the education and the quality of experience for students. During the academic year, NCICU expanded the Independent College Access Network so even more students could attend college and graduate. We also expanded the Undergraduate Research Program. And the third Annual NCICU Ethics Bowl grew to 20 participating campuses from 18 the previous year and 14 the year before that. These programs are possible only with the strong and continued support of our donors. 12 NCICU ANNUAL REPORT

15 Donors NAMED SCHOLARSHIP DONORS The following donors participated in the Named Scholarship Program and provided at least $2,000 annually per student scholarship in the name of their organization: $100,000 and more Golden LEAF Foundation $210,000 $3,000 scholarship for 70 students from North Carolina s rural, tobacco-dependent counties who demonstrate financial need and maintain a 2.00 GPA $30,000 to $99,999 UPS Educational Endowment Fund $86,400 (administered by the Council of Independent Colleges) $2,400 scholarship for 36 students attending independent colleges and universities in North Carolina that are from underserved and disadvantaged populations and communities The Duke Energy Foundation Scholarship $72,000 $3,130 scholarship for 23 students residing in Duke Energy s service territory who are majoring in math or science (or have a desire to teach math or science) at one of 23 independent colleges and universities located in Duke Energy s service area Wells Fargo Scholarship $67,600 $2,704 scholarship at all ICFNC institutions BB&T Charitable Foundation Scholarship $59,800 $2,392 scholarship at all ICFNC institutions $2,000 to $29,999 Bridgestone Americas Trust Fund Broyhill Family Foundation, Inc. Burlington Industries Foundation Clancy & Theys Construction Co. Clariant Corporation Dominion NC Power Pfizer HONOR ROLL OF DONORS AND SPONSORS CORNERSTONE ($100,000 and above) The Golden LEAF Foundation US Department of Education grant BENEFACTOR ($50,000-$99,999) BB&T Charitable Foundation CIC/UPS Educational Endowment Fund The Duke Energy Foundation Wells Fargo Foundation PARTNER ($25,000-$49,999) The Cannon Foundation, Inc. The Council of Independent Colleges Philip L. Van Every Foundation ASSOCIATE ($10,000- $24,999) Alwinell Foundation Broyhill Family Foundation, Inc. Burlington Industries Foundation Dominion NC Power George Foundation Martin Marietta Materials The Universal Leaf Foundation SUSTAINER ($5,000- $9,999) AT&T Foundation Bolick Foundation College Foundation, Inc. The Dickson Foundation, Inc. E.T. Rollins, Jr. and Frances P. Rollins Foundation Norfolk Southern Foundation PNC Financial Renfro Corporation SunTrust Banks, Inc. Mr. John A. Taylor Vulcan Materials Company Dr. A. Hope Williams Womble Carlyle Sandridge & Rice, LLP CONTRIBUTOR ($3,000- $4,999) Aramark B.C. Moore Foundation Bridgestone Americas Wilson Plant Clariant Corporation CommScope, Inc. PSNC Energy - A SCANA Co. Sherrod and Margaret Salsbury Foundation Wren Foundation, Inc. FRIEND (up to $2,999) The A.B. Carter, Inc. Fund AC Corporation ADAVICO Ms. Nancy G. Adams Ads Infinitum BCWH Architects Best Commercial Development Biltmore Farms, LLC Blumenthal Foundation The Borden Fund, Inc. Brady Services Mr. James E. Brown, Jr. Carolina Foods, Inc. Cassels, Caywood, & Love, Inc. Cherry Bekaert, LLP Clancy & Theys Construction Co. Coca-Cola Bottling Co. Consolidated Corporate Risk Management, Inc. Joseph Dave Foundation Dover Foundation, Inc. The Lundy Fetterman Family Foundation Fidelity Investments First American Equipment Finance Ms. Frances G. Fontaine Garris Evans Lumber Co., Inc. Glenn E. and Addie G. Ketner Family Foundation Golden Corral Corporation Grady-White Boats, Inc. Ms. Gwenn H. Hobbs Honeywell Hornwood, Inc. Mr. John W. Hunt Koonce, Wooten, and Haywood, LLP Kulynych Family Foundation I, Inc. Mr. and Mrs. Harold G. Livingston Mr. Anthony Locklear M&F Bank M&J Foundation Ms. Colleen R. Mazza Mr. Timothy H. McDowell Metz Culinary Management Millennium Advisory Services, Inc. Mount Olive Pickle Company, Inc. NCFI Polyurethanes North Carolina Electric Membership Corporation Pfizer Piedmont Natural Gas Foundation Progressive Benefit Solutions R.A. Bryan Foundation, Inc. Mr. and Mrs. W. Trent Ragland, Jr. Mr. Brooks T. Raiford Rock-Tenn Merchandising Displays Smart Source The Eddie and Jo Allison Smith Family Foundation, Inc. Southco Distributing Company Stephenson Millwork Company, Inc. Stonecutter Foundation, Inc. Mr. Charles E. Taylor Time Warner Cable VisionPoint Marketing Jay and Leslie Walden Family Fund Wyatt-Quarles Seed Company GIFT IN KIND Aramark BSN Central Chartwells Elinvar The Honorable Elaine Marshall Poyner & Spruill, LLP SAS Institute Theo Davis Printing *increased giving CURRENT DONORS WITH GIVING OF 50 YEARS AND MORE BB&T Charitable Foundation Bernhardt Furniture Company B.C. Moore Foundation The Bolick Foundation Bridgestone Americas Trust Fund Burlington Industries Foundation Dominion NC Power The Duke Energy Foundation George Foundation Joseph Dave Foundation Martin Marietta Materials R.A. Bryan Foundation, Inc. Mr. and Mrs. W. Trent Ragland, Jr. Stonecutter Foundation The Universal Leaf Foundation Wells Fargo Foundation NCICU ANNUAL REPORT 13

16 N o r t h C a r o l i n a INDEPENDENT C o l l e g e s & U n i v e r s i t i e s Working together for higher education NCICU BOARD OF DIRECTORS BARTON COLLEGE Wilson, Est Enrollment: 969 Dr. Norval C. Kneten, BELMONT ABBEY COLLEGE Belmont, Est Enrollment: 1,601 Dr. William Thierfelder, BENNETT COLLEGE Greensboro, Est Enrollment: 636 Dr. Rosalind Fuse-Hall, BREVARD COLLEGE Brevard, Est Enrollment: 695 Dr. David Joyce, CABARRUS COLLEGE OF HEALTH SCIENCES Concord, Est Enrollment: 334 Dr. Dianne O. Snyder, Chancellor CAMPBELL UNIVERSITY Buies Creek, Est Enrollment: 4,068 Dr. Jerry M. Wallace, CATAWBA COLLEGE Salisbury, Est Enrollment: 1,258 Mr. Brien Lewis, CHOWAN UNIVERSITY Murfreesboro, Est Enrollment: 1,329 Dr. M. Christopher White, DAVIDSON COLLEGE Davidson, Est Enrollment: 1,788 Dr. Carol Quillen, DUKE UNIVERSITY Durham, Est Enrollment: 6,634 Dr. Richard H. Brodhead, ELON UNIVERSITY Elon, Est Enrollment: 5,525 Dr. Leo M. Lambert, GARDNER-WEBB UNIVERSITY Boiling Springs, Est Enrollment: 2,298 Dr. A. Frank Bonner, GREENSBORO COLLEGE Greensboro, Est Enrollment: 771 Dr. Lawrence D. Czarda, *Enrollment figures represent full-time-equivalent undergraduate enrollment. GUILFORD COLLEGE Greensboro, Est Enrollment: 2,121 Dr. Jane K. Fernandes, HIGH POINT UNIVERSITY High Point, Est Enrollment: 3,981 Dr. Nido R. Qubein, JOHNSON C. SMITH UNIVERSITY Charlotte, Est Enrollment: 1,358 Dr. Ronald L. Carter, LEES-McRAE COLLEGE Banner Elk, Est Enrollment: 887 Dr. Barry M. Buxton, LENOIR-RHYNE UNIVERSITY Hickory, Est Enrollment: 1,393 Dr. Wayne. B. Powell, LIVINGSTONE COLLEGE Salisbury, Est Enrollment: 1,170 Dr. Jimmy R. Jenkins, Sr., LOUISBURG COLLEGE Louisburg, Est Enrollment: 676 Dr. Mark D. La Branche, MARS HILL UNIVERSITY Mars Hill, Est Enrollment: 1,378 Dr. Dan G. Lunsford, MEREDITH COLLEGE Raleigh, Est Enrollment: 1,526 Dr. Jo Allen, METHODIST UNIVERSITY Fayetteville, Est Enrollment: 2,099 Dr. Ben E. Hancock, Jr., MONTREAT COLLEGE Montreat, Est Enrollment: 572 Dr. Paul Maurer, NORTH CAROLINA WESLEYAN COLLEGE Rocky Mount, Est Enrollment: 1,445 Dr. Dewey G. Clark, PFEIFFER UNIVERSITY Misenheimer, Est Enrollment: 909 Dr. Jerry Boone, Interim QUEENS UNIVERSITY OF CHARLOTTE Charlotte, Est Enrollment: 1,584 Dr. Pamela Davies, ST. ANDREWS UNIVERSITY Laurinburg, Est Enrollment: 573 Mr. Paul Baldasare, SAINT AUGUSTINE S UNIVERSITY Raleigh, Est Enrollment: 1,275 Dr. Everett B. Ward, Interim 14 NCICU ANNUAL REPORT

17 Independent College Fund of North Carolina Business and Education in Partnership SALEM COLLEGE Winston-Salem, Est Enrollment: 876 Dr. E. Lorraine Sterritt, SHAW UNIVERSITY Raleigh, Est Enrollment: 1,867 Dr. Gaddis Faulcon, Acting UNIVERSITY OF MOUNT OLIVE Mount Olive, Est Enrollment: 2,403 Dr. Philip Paul Kerstetter, WAKE FOREST UNIVERSITY Winston-Salem, Est Enrollment: 4,795 Dr. Nathan O. Hatch, WARREN WILSON COLLEGE Asheville, Est Enrollment: 828 Dr. Steven L. Solnick, WILLIAM PEACE UNIVERSITY Raleigh, Est Enrollment: 1,018 Dr. Debra M. Townsley, WINGATE UNIVERSITY Wingate, Est Enrollment: 1,985 Dr. Jerry E. McGee, Leslie Hayes Business Banking Division Manager Wells Fargo Chair Nicole Brandon Division Manager UPS William (Billy) Clarke Attorney Roberts & Stevens, PA Board Member The Golden LEAF Foundation Jack M. Frost Senior VP Capital Markets Corporate Division BB&T Boyd L. George George Foundation Venessa Harrison AT&T North Carolina Durwood Laughinghouse Resident Vice Norfolk Southern Corporation CORPORATE REPRESENTATIVES Anne Lloyd Executive VP, CFO, and Treasurer Martin Marietta Materials Stan T. Pace Director State Government Relations Frontier Communications George Ratchford Vice Operations PSNC Energy Jim Ratchford Partner Cherry Bekaert, LLP Liz Riley Partner Womble Carlyle Sandridge & Rice, LLP Delores Sides Director of Corporate Communications & Human Resources International Textiles Group, Inc. Harvard B. Smith Senior Vice Universal Leaf Tobacco Company, Inc. Lawrence Bo Somers Deputy General Counsel Duke Energy Lauren C. Steele Vice, Corporate Affairs Coca-Cola Bottling Co. Consolidated Marirose Steigerwald Elinvar Jeff Stoddard Senior Vice SunTrust Bank Michael A. Thompson Manager, State Affairs NC Dominion NC Power Mary Thornton Regional Vice Aramark Corporation Jaz Tunnell Government Relations Manager Piedmont Natural Gas Thomas R. West Partner Poyner Spruill, LLP NCICU ANNUAL REPORT 15

18 Prosperity through higher education North Carolina truly is blessed. We have a changing economy driven by increasingly complex jobs that attract college educated workers. Many of those workers received their higher education at one of the 36 independent colleges and universities in our state. These institutions represent a powerful force for our state s continued economic and social progress, providing the knowledge, skills, adaptability and innovative edge that are essential for success in a highly competitive global marketplace. Still, campuses continue to seek the financial resources, operating efficiencies and innovative programs that will keep the education they provide affordable for students and their families. As the statewide office for our state s independent colleges and universities, NCICU performs a critical job of developing resources, programs and partnerships that campuses can use to make themselves more accessible to more students, to give those students an education that will prepare them for success in work and in life, and to operate more efficiently and effectively. We also keep a close eye on state and federal policies and regulations that affect higher education, and work with government, education and business leaders at all levels to ensure that higher education is central to state and federal policy discussions and decisions. NCICU institutions enroll 90,000 students and together constitute the second-largest employer in the state. Teacher education is a long-standing priority of private higher education, yet many teacher education programs are experiencing declining enrollment. Competition from higher-paying jobs in the private sector is attracting current and aspiring educators. Finding ways to encourage and inspire more students to become educators at all levels is crucial for the continued prosperity of our state and a priority for NCICU and our institutions as partners with the State of North Carolina. Accountability, a key goal of many recent federal proposals, has been the bedrock of North Carolina s independent colleges and universities. The Southern Association of Colleges and Schools accredits all 36 NCICU institutions, while individual programs such as law schools and teacher-education programs at our campuses are accredited by their professional organizations. NCICU also is participating in important research that will document the impact of education on our state s workforce, economy and culture. These studies will provide a rich resource about education in North Carolina and the pivotal role it plays in our state s well-being and quality of life. The individuals, foundations, corporations and other partners who support independent colleges and universities personify philanthropy at its best. Thank you for recognizing the fundamental importance of higher education, and for the high value you place on it. We are honored to work with you and are committed to making our continued collaboration an investment that will stimulate and inspire even greater growth and prosperity for our state and its citizens. A. Hope Williams, North Carolina Independent Colleges and Universities 16 NCICU ANNUAL REPORT

19 Since attending college, I have gained an abundance of knowledge and yet, I still crave more. I don t want to be limited to my field of study. I believe that the more I know, the more I ll be prepared for anything in my profession. Nou Yang, Campbell University

20 Members of North Carolina Independent Colleges & Universities Barton College, Wilson Belmont Abbey College, Belmont Bennett College, Greensboro Brevard College, Brevard Cabarrus College of Health Sciences, Concord Campbell University, Buies Creek Catawba College, Salisbury Chowan University, Murfreesboro Davidson College, Davidson Duke University, Durham Elon University, Elon Gardner-Webb University, Boiling Springs Greensboro College, Greensboro Guilford College, Greensboro High Point University, High Point Johnson C. Smith University, Charlotte Lees-McRae College, Banner Elk Lenoir-Rhyne University, Hickory Livingstone College, Salisbury Louisburg College, Louisburg Mars Hill University, Mars Hill Meredith College, Raleigh Methodist University, Fayetteville Montreat College, Montreat N.C. Wesleyan College, Rocky Mount Pfeiffer University, Misenheimer Queens University of Charlotte, Charlotte St. Andrews University, Laurinburg Saint Augustine s University, Raleigh Salem College, Winston-Salem Shaw University, Raleigh University of Mount Olive, Mount Olive Wake Forest University, Winston-Salem Warren Wilson College, Asheville William Peace University, Raleigh Wingate University, Wingate North Carolina Independent Colleges & Universities 530 N. Blount Street Raleigh, North Carolina Phone: (919) Fax: (919)