GEORGE MASON UNIVERSITY FOUNDATION

GEORGE MASON UNIVERSITY FOUNDATION GEORGE MASON UNIVERSITY FOUNDATION - Start

Added : 2017-05-16 Views :47K

Download Presentation

GEORGE MASON UNIVERSITY FOUNDATION




Download Presentation - The PPT/PDF document "GEORGE MASON UNIVERSITY FOUNDATION" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentations text content in GEORGE MASON UNIVERSITY FOUNDATION

Slide1

GEORGE MASON UNIVERSITY FOUNDATION

Faculty Senate MeetingApril 3, 2013

Slide2

2

MISSION STATEMENTThe George Mason University Foundation was established in 1966 to advance and further the aims and purposes of George Mason University.  It is a 501(c)(3) non-private foundation and a private corporation organized and operated exclusively for the benefit of George Mason University.  The Foundation is made of up to forty (40) external trustees who can serve as many as three (3) consecutive three (3) year terms (nine years total) who are called the Board of Trustees (BOT). The Foundation attempts to recruit Trustees who are experts in the areas of real estate, investments, financial management, audit, and fundraising as current Trustees’ terms expire.  The Foundation assists Mason in generating and administering private support, in the acquisition, management, and development of Mason’s auxiliary efforts, real property, and other assets that provide strategic support to Mason.

George Mason University Foundation, Inc.

Slide3

3

George Mason University Foundation, Inc.

The Foundation is here to help the University meet its aspirations.”

Manage private resources and properties

Manage endowment on behalf of the University

Serve as private partner for PPEAs - Private Public Enterprise Act: Housing VI (Potomac Heights)

Retain private property for current & future University needs: GMUF Arlington Project – Fairfax properties

Broadlands – Loudoun County property

Slide4

4

George Mason University Foundation, Inc.

Purpose ContinuedAssist with presidential compensationHelp support University development through funding of development servicesProvide services to advance developmentSupport the aspirations of George Mason University

Slide5

5

George Mason University Foundation, Inc.

Organizational Structure

Slide6

George Mason University Foundation, Inc.

6

Slide7

7

Slide8

George Mason University

Foundation, Inc.

Balance Sheet (millions)

FY 10

FY 11

FY 12

Assets

243.3

283.0

328.0

Liabilities

122.6

150.0

199.1

Net Assets:

Total Unrestricted

(1.1)

11.5

9.8

Temporarily Restricted

71.7

66.8

60.5

Permanently Restricted

57.1

62.8

70.1

GMUF Real Estate LLCs

(7.0)

(8.1)

(11.5)

Total Net Assets

120.7

133.0

128.9

Total Net Assets & Liabilities

243.3

283.0

328.0

Slide9

George Mason University

Foundation, Inc.

Balance Sheet (millions)

FY 10

FY 11

FY 12

Net Assets:

Unrestricted - General

1.0

2.2

1.3

Unrestricted – Due to UPMIFA

(5.0)

(0.8)

(4.5)

Unrestricted – Broadlands Land

2.9

10.1

13.0

Total Unrestricted

(1.1)

11.5

9.8

Temporarily Restricted - General

67.5

62.6

56.3

Temporarily Restricted - Property

4.2

4.2

4.2

Total Temporarily Restricted

71.7

66.8

60.5

Permanently Restricted

57.1

62.8

70.1

GMUF Real Estate LLCs

(7.0)

(8.1)

(11.5)

Total Net Assets

120.7

133.0

128.9

Slide10

10

George Mason University Foundation, Inc.

George Mason University Foundation, Inc. Revenue Sources Budgeted for Fiscal 2012-13

Endowment Fund Management Fee (1.75%)

  910,000Restricted Fund Gift Fee (3.0%) 582,000Real Estate Management Fees:   Housing VI  50,000 GMUF Arlington Campus LLC  0 Mason Administration LLC50,900 Prince William Housing LLC8,900 Prince William Life Sciences Lab LLC17,100Earned Investment Income  2,092,000 Net Unrestricted Real Estate Income  (18,855) In-Kind Rent Revenue93,400Unrestricted Contributions  250,000 Total Budgeted Unrestricted Revenue Sources  4,035,445

Slide11

11

George Mason University Foundation, Inc.

George Mason University Foundation, Inc. Operating Expenses Budgeted for Fiscal 2012-13

Foundation Operations

 

1,188,500

Accounting & Legal

 

177,000

Insurance

 

13,900

Investment Advisory Fees

 

150,000

In-Kind Rent Expense

93,400

Depreciation

 

80,000

Total Budgeted Foundation Operating Expenses for Fiscal 2012-13

1,702,800

Net funds available for University Support

2,332,645

Program Benefits to George Mason University

 

1,427,000

Development Research & Computer Services

353,600

University Development Programs

547,700

Total Funds Committed to University Program Support

2,328,300

Total Budgeted Unrestricted Expenses for Fiscal 2012-13

 

4,031,100

Budgeted Net Gain Fiscal 2012-13

4,345

Slide12

12

George Mason University Foundation, Inc.

Real Estate Holdings Assessed DebtMason Administrative Building – University Hall N/A 31,292,041Potomac Heights - Housing VI N/A 21,925,000 Commerce Building 1 (4085 University Drive) 3,821,700 1,111,334Commerce Building 2 (4087 University Drive) 4,291,600 1,309,783Mathy House (President’s Residence) 1,202,620 0Mathy Lodge 1,163,320 0University Park Commercial (4260 Chain Bridge Road) 2,622,600 954,529University Park Apts (4262, 4264, 4266 Chain Bridge Road) 7,883,300 1,444,35410716 Kelley Drive (GMU Student Housing Leases) 441,450 010720 Kelley Drive (Capital Connection Leases) 439,230 0Shirley Gate Park (11333 Crescent Drive in Shirley Gate Park) 17,000 0Allman Land (in Alexandria between railroad tracks and I-95) 24,000 0Broadlands Land (Loudoun County) 12,088,000 03434 Washington Blvd, Arlington 82,183,200 65,624,234Prince William Housing LLC N/A 15,625,000Prince William Life Sciences Lab LLC N/A 33,210,000TOTAL $116,178,020 $172,496,275

Slide13

13

George Mason University Foundation, Inc.

Restricted Real Estate Holdings with Gift BasisPoint of View Estate (Gift from Lynch family) $4,000,00010569 Assembly Drive (Gift from James Buchanan) 168,500 TOTAL $4,168,500

Slide14

14

George Mason University Foundation, Inc.

Thank You!!

Slide15

15

Slide16

16

George Mason University Foundation, Inc.

2012-13 Objectives1) Work to help alumni participation Working with board members to create alumni interest within their firmsCGI – Michael WapleBaker Tilly Virchow Krause LLP – John NiehoffSeeking targets of opportunity to host alumni gatherings in the local community and discuss the importance of participating in the annual fund and alumni activitiesWorking with alumni board members to gain participation from their network of Mason Alumni2) Work with the Foundation board and the broader community to increase private support for Student Scholarship moneyInclude the importance of student financial aid in communication materials to board members, in every board meeting and whenever possible in the broader communityWork to improve communication with donors that have created endowments with the hope that they will increase endowment giving or start new endowmentsManage the investment advisors to get the Foundation endowment competitive with other University endowment funds – It is NOT currently

Slide17

17

George Mason University Foundation, Inc.

2012-13 Objectives (Continued)3) Improve Communication across the boardGet contact reports and activities recorded in advanceImprove the recently created Foundation ledger e-update for the Board of Trustees to distribute at least quarterlyWork more closely with development officers across campus to assist with cultivation and stewardship activitiesEducate the D&D as well as the BOV as to the activities of the Foundation and the financial picture that the Foundation is working withEnsure that Foundation leadership is on the same sheet of music with University Development and Alumni Affairs staff4) Support MIPP, Other business opportunitiesNeed to assist efforts to generate revenue from sources other than giftsContinue to help Mason with broad real estate strategy where non-educational revenue activities can enhance cash flows to the enterprise

Slide18

18

George Mason University Foundation, Inc.

2012-13 Objectives (Continued)5) Real Estate IssuesCommerceMason has approved test fitLOI has been drafted and Mason has accepted the terms and structureCapital Lease needs to be approved by the General Assembly in short session in SP 2013ArlingtonSignificant lease and financing risk exists 4 years outHIS is close to finalizing a lease with GMUF for 10 years in the vacant retail spaceJohn is working with SRA and Mason on a possible space contraction for SRA opening space up for MasonContinue to help Mason with broad real estate strategy where non-educational revenue activities can enhance cash flows to the enterprise

Slide19

19

George Mason University Foundation, Inc.

2012-13 Objectives (Continued)6) Governance/ManagementNominating & GovernanceNew participation rule for trustees added to by-lawsExpand allowable board size to 50 (NOTE: not to deploy now)Expand Board educational opportunitiesBoard ActivitiesInvite Board to “Arts By George”Invite Board to a reception prior to a basketball gamePiggyback on a Mason Event in the Spring and have a reception for the board with spousesEncourage increased participation at Alumni/Mason events already planned


About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.
Youtube