Utah Valley University
The Impact of your Investment
In an unprecedented year, your support and commitment to Utah Valley University (UVU), have made a dramatic difference in the lives of students, faculty, and our campus community. When you support UVU, you become part of a thriving institution where we, together, create an immediate and enduring impact. The stories of our students are strengthened by your philanthropy and clearly demonstrate the "resiliency" and "grit" of what it means to be a student at UVU.
With your gift to an endowment, the UVU Foundation invests in advancing society - on campus and in the world. By choosing to invest in the UVU Foundation, you are investing in tomorrow. Our endowment is manages by the UVU Investment Committee, which includes a diverse set of individuals with demonstrated success in private equity and venture capital. We wish to thank these individuals for their time and commitment this past year as we have adjusted to the variable market conditions.
The gifts you give to UVU generate support for years to come. The collective value of UVU's endowment is $60,659,858. This number is built from individual endowments created by donors like you. Because endowments are invested for long-term growth and managed under stringent guidelines, the university benefits from reliable streams of income in perpetuity, which have been especially important this year.
Thank you for all you do to support Utah Valley University. Your generosity and commitment help to ensure a promising future, not just for current students but for generations. As we have noted recently, "Education does not stop." Looking ahead, as we emerge from the COVID-19 crisis, we will continue our commitment to you to guarantee the greatest impact and reach of your gift.
Best,
Scott Cooksey, CFRE
CEO, UVU Foundation
Vice President
UVU Institutional Advancement
Jefferson Moss
COO, UVU Foundation
Associate Vice President
UVU Institutional Advancement
The UVU Foundation operates in support of UVU's current and future needs as a vital component in the community's economic and educational engines. The foundation is a forward-thinking philanthropic body supporting the vision of the university by contributing expertise, experience, dedication, and financial resources.
The UVU Foundation is an organization of distinction in philanthropy, stewardship, and nonprofit governance.
Relationships
Philanthropy
Integrity
40,936
students as of fall 2020
12,080
high school concurrent enrollment students as of fall 2019
81%
of UVU students work while taking classes
77
countries represented in the student body
30%
of our students are non-traditional (25+ years old)
17%
of UVU students are also parents
Endowments offer support in perpetuity to Utah Valley University that will help build upon our foundation as an integrated community college and university. The investments of endowment donors provide UVU students with transformational opportunities that positively impact their educational, personal, and professional lives.
Endowment Activity | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
---|---|---|---|---|---|---|
Beginning fair market value | 43,988,522 | 44,700,966 | 44,831,130 | 50,665,935 | 54,488,623 | 55,238,966 |
Contributions received | 3,164,013 | 2,089,507 | 2,968,035 | 2,250,146 | 1,643,880 | 6,520,694 |
Investment earnings | 2,613,974 | 1,725,570 | 5,337,648 | 3,863,703 | 3,904,532 | 2,443,633 |
Cash distributions | (3,894,476) | (2,824,624) | (1,536,431) | (1,352,290) | (3,836,672) | (2,644,939) |
Management fee | (1,171,066) | (860,288) | (934,447) | (938,871) | (961,396) | (898,497) |
Ending fair market value | 44,700,966 | 44,831,130 | 50,665,935 | 54,488,623 | 55,238,966 | 60,659,858 |
The National Association of College and University Business Officers (NACUBO) aggregates endowment returns across its member institutions and produces average endowment returns from the information collected. This allows UVU to compare its endowment returns to returns of similarly sized university endowments. Because benchmark information from NACUBO is not available for fiscal year 2020, 1-, 3-, 5-, and 10-year return information is as of fiscal year 2019 in order to match available benchmark information from NACUBO. However, for fiscal year 2020, the UVU Foundation showed a 1-year return of 4.5 percent versus an estimated benchmark of 1.2%. All other data contained in this report is for fiscal year 2020.
The Long-term investment fund maintains a balanced approach to investing through diversification across global equity and fixed income markets, as well as investments in private companies, real estate, and other alternative investments.
In fiscal year 2020, $2.6 million were distributed to support UVU's mission of student success.
$60,659,858
Endowment Value
42
Endowed programs
186
Endowed scholarships
4
Endowed graduate scholarships
6
Endowed faculty and staff support
182
Endowed undergraduate scholarships
In September, 2019, dōTERRA, an integrative health and wellness company and the world leader in essential oils, made a $17.7 million donation to UVU, the second-largest in the institution's history.
"At dōTERRA we feel an affinity with Utah Valley University. More than 500 of our current employees attend UVU. Plus, we have many employees who graduated from UVU or have children at the university. This donation gives us the opportunity to support a variety of UVU academic, athletic, and art-based programs over the next 10 years."
- David Stirling
dōTERRA's founding executive and CEO
"Thanks to dōTERRA, the entire UVU basketball program has unmatched resources - I love the facilities, and the coaches, and the guys I play with on this team. The support we've received allows us to do what we love, which is play basketball while representing UVU."
- Truman Brown, '24, point guard
Scott C. Keller, president and chief executive officer of Keller Investment Properties and his wife and business partner, Karen Keller, donated $10 million to complete the funding for the planned Woodbury School of Business Building. UVU broke ground on the Scott C. Keller Building Nov. 11, 2019. The 205,000-square-foot building will house the Bloomberg Lab, Entrepreneurship Institute, Money Management Resource Center, SmartLab, and a grand auditorium for lectures and special events. Classrooms will be outfitted with lecture-capture technology to help students learn remotely.
"We are honored to contribute some of our resources to assist UVU's wonderful leadership and their pursuit of excellence in providing an environment and opportunity of higher learning on this beautiful, diverse, growing campus. We are privileged, along with our five children (all of whom have either attended or graduated from UVU), to be associated with such a quality institution. We look forward to our growing posterity to also be a part of it for many years to come."
- Scott and Karen Keller
"When I enrolled at UVU, I became a better version of myself. I started working toward my degree while in high school, nearly 20 years ago. But I stopped school when I married. I was just 19 years old. My then-husband and I started a family right away. I now have five beautiful children, ranging in age from 4 to 17 years old. Even though I loved being a stay-at-home mom, I always wanted to finish my education - I just wasn't sure when the time would be right. Then, I went through a painful divorce. I realized I had spent my entire married life building my husband's resume and not my own. I knew it was time to get my own college degree. I would not be able to pursue my education without a scholarship through the Women's Success Center. It is the generosity of beautiful people like you who elevate our world."
- Elizabeth Powell, '22
Web Development and Design
The UVU Women's Success Center, founded in 2011, seeks to help students graduate by providing personalized support and removing barriers that prevent individuals involved with the Women's Success Center from finishing degrees. The programs include:
37% of students are first-generation
The I Am First program at UVU helps students achieve their goal of being the first in their family to graduate with a bachelor's degree.
The No. 1 reason first-generation students leave college is due to financial difficulties. Scholarships and specialized resources are critical to help these students reach graduation.
Utah Valley University offers solutions to significantly increase graduation rates for the first-generation population. Support such as faculty and peer mentorship, engagement activities, and networking opportunities have played a crucial role for these students.
"I joined the I Am First program in 2017, and my college experience has been incredible thanks to the support I've received. After I graduate and become a teacher, my goal is to help students achieve their own dreams."
- Crystal Sedano, '21, elementary education
For more information about this report or your financial information, contact:
Jefferson Moss
COO, UVU Foundation
Associate Vice President, UVU Institutional Advancement
801.863.8015
jefferson.moss@uvu.edu
For information about giving to Utah Valley University, contact:
Jerry Henley
Associate Vice President of major gifts & development programs
801.863.6246
jerry.henley@uvu.edu