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                                                                                  advancing Nevada
                                                                                   This Honor Roll is intended to provide a portrait of giving to the University of Nevada, Reno
                                                                                   Foundation. The foundation strives to better enable the University to be among leading
                                                                                   institutions by raising and managing gifts from generous alumni and friends. As the University’s
                                                                                   central fund-raising agency, the foundation partners with and serves all programs at Nevada.
                                                                                                                                                                             Photo by Jeff Dow
NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010

                      Message from the                                          class in our school’s history, a 27 percent increase over last year. These
                      Executive Director                                        diverse students are drawn by our outstanding faculty and new facilities
                                                                                like the Mathewson-IGT Knowledge Center, Joe Crowley Student
                             This year marks the 30th anniversary of the
                                                                                Union, Davidson Mathematics and Science Center, Center for Molecular
                         founding of the University of Nevada, Reno
                                                                                Medicine, and the University’s award-winning programs. The University’s
                         Foundation which was established to attract
                                                                                intercollegiate athletic teams will move to higher-level competition in the
                         philanthropy to the University of Nevada, Reno. At
                                                                                Mountain West Conference beginning in 2012. We continue to upgrade
                         its founding in 1981, University enrollment stood at
                                                                                our facilities and construct new buildings, including the William N.
                         8,870 students and the population in the cities of
                                                                                Pennington Health Sciences Building opening fall 2011, the renovation of
Reno and Sparks just topped 140,000. In the last 30 years the population
                                                                                the Reynolds School of Journalism Building to open January 2012, a new
of Reno and Sparks has doubled to more than 300,000 and University
                                                                                living/learning residential hall to open fall 2012, and the expansion of the
enrollment now tops 17,000 students. In the past 30 years the foundation
                                                                                Earthquake Engineering Laboratory to be completed in 2013.
has raised more than $447 million in private gifts. Its total endowment has
                                                                                    The University serves the citizenry of Nevada by creating bodies of
grown from zero to $92.5 million as of June 30, 2010, rising to $98.9 million
                                                                                knowledge that propel the state forward, economically and intellectually,
as of Dec. 31, 2010.
                                                                                and the University contributes positively to the quality of life in Nevada.
   For 137 years, the University has served the citizens of the great state
                                                                                To all of you who have supported the University, the Alumni Association
of Nevada. And, while the University’s Foundation is a relative late-comer
                                                                                and the foundation—and to the foundation’s volunteer Board of Trustees,
to that effort, the institution’s ability to continue to provide quality
                                                                                Alumni Council and the staff and faculty who have worked tirelessly to
education is enhanced by this philanthropic support. Generous private
                                                                                make a difference—thank you for continuing the legacy of excellence at
gifts produce award-winning academic and athletic programs, help
                                                                                the University of Nevada, Reno Foundation for 30 years and counting.
generate cutting-edge research, fund state-of-the art facilities, create
educational opportunity and attract outstanding faculty and students.           Sincerely,
Our philanthropic partners have championed our National Merit Scholar
program to bring gifted students to campus, who elevate the intellectual
climate of the University community.                                            John K. Carothers
   Nevada enrollment is now at an all-time high, and our increasing             Vice President for Development and Alumni Relations
campus population presents us with the tremendous opportunity                   Executive Director, University of Nevada, Reno Foundation
to discover new ways to educate more students, even as we face                  (775) 784-1352 or
challenging times. This year the University attracted the largest freshman

                      Message from the 2010 Chair                                                      Message from the 2011 Chair
                          If you haven’t visited the University of Nevada,                                This special donor issue is filled with stories
                       Reno lately, now is the time. The landscape of the                              about Nevada students—what they’ve overcome,
                       campus is changing dramatically because of you—                                 how they are inspired, and how they hope to make
                       our generous alumni, faculty, parents and friends.                              a difference in the world. Just as inspirational are

                                                                                                                                                               NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010
                          The Davidson Mathematics and Science Center                                  the stories about donors who support students in
                       opened in 2010 and offers a state-of-the-art                                    their educational pursuits. Join me in sharing Wolf
                       learning facility and the University’s largest lecture                          Pack pride:
hall. The William N. Pennington Health Sciences Building is more than 80          •	Pride	in	the	campus	and	the	recent	openings	of	new	facilities.
percent complete and will allow nurses and doctors to train side-by-side.         •	Pride	in	the	faculty	at	Nevada	whose	accomplishments	are	both	inside	
Renovation is underway at the Reynolds School of Journalism building                the classroom and in their cutting-edge research.
that will prepare our students to enter the journalism profession in this
                                                                                  •	Pride	in	the	economic	impact	that	the	University	brings	to	Nevada.
digital age. These accomplishments would not have been possible
                                                                                  •	Pride	in	Nevada	students’	and	student-athletes’	accomplishments	and	
without your unwavering support.
                                                                                    performance both in the classroom and on the playing field.
   It has been an honor to serve as the 2010 chair of the Foundation
Board of Trustees. I am heartened by your charitable acts and assure              •	Pride	in	Nevada’s	generous	alumni	and	friends.
you that the impact of your gifts is felt throughout the campus, the               On behalf of Nevada’s students, their families and the communities
community, and will serve generations of students to come.                       that benefit from their influence, I thank you for supporting Nevada.
Sincerely,                                                                       Sincerely,

Sara Lafrance ’73 (English)                                                      Mark Knobel ’77 (social services corrections)
2010 Chair, Foundation Board of Trustees                                         2011 Chair, Foundation Board of Trustees
                                                                                                                                          Foundation leadership

                                                                                  university of Nevada, reno Foundation Board of trustees
                                                                                  Although the University of Nevada, Reno is a state institution, it receives only part of its necessary funding from state
                                                                                  appropriations. The University of Nevada, Reno Foundation was established in 1981 to help the University meet its needs
                                                                                  beyond that base funding by generating private support. The foundation is governed by a volunteer board of trustees who can
                                                                                  serve three consecutive two-year terms. Trustees are made up of University alumni and friends who provide counsel in strategic
                                                                                  planning, education, fundraising and other matters. The following members are serving for the 2011 calendar year:

                                                                                  2011 executive committee and Foundation Board of trustees
                                                                                  Mark Knobel ’77                                    Terry Oliver ’71                           Steven S. Johnson ‘77
                                                                                   Chair                                              Vice-Chair, Public Affairs and Advocacy    Member-at-large
                                                                                   Avansino, Melarkey, Knobel, Mulligan & McKenzie    Reno Lumber                                Edgewood Companies

                                                                                  Tom Hall ’65                                       Gerald C. Smith                            Felicia O’Carroll ’76
                                                                                   Chair-Elect, Programs and Special Events           Vice-Chair, Governance                     Member-at-large
                                                                                   Law Offices of Thomas J. Hall                      Nell J. Redfield Foundation                Kafoury, Armstrong & Co.

                                                                                  Kathy Garcia ’76                                   Tom Willison                               Sara Lafrance ’73*
                                                                                   Vice-Chair, Audit and Finance                      Vice-Chair, Investment                     Immediate Past Chair
                                                                                   Kafoury, Armstrong and Co.                         McKinley Capital Management, Inc.         * ex officio

                                                                                  Paul Mathews ‘87                                   Ron Zideck ’59
                                                                                   Vice-Chair, Nominating                             Vice-Chair, Development
                                                                                                                                      Whittier Trust Company of Nevada

                                                                                  Board of trustees members
                                                                                  Deane Albright ‘71                                 Brett E. Coleman ‘84                       Timothy Ortez
                                                                                   Albright, Persing & Assocs., Ltd.                  Mercedes Benz of Reno                      Conrad N. Hilton Foundation

                                                                                  Ed Allison ‘91                                     Stuart Engs                                Chad Osorno
NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010

                                                                                   Ed Allison, Inc.                                                                              Wells Fargo Bank
                                                                                                                                     Dr. William Evans
                                                                                  Robert E. Armstrong                                 Children’s Heart Center                   Dan Rovig
                                                                                   McDonald Carano Wilson, LLP                                                                   Tahoe Resources, Inc.
                                                                                                                                     Catherine Farahi ‘80
                                                                                  Annette Bidart ‘85                                                                            Mary Ellen Smith
                                                                                   Bidart & Ross, Inc.                               Mike Klaich ‘82                             Microsoft Licensing, GP
                                                                                                                                      Muckel Anderson CPAs
                                                                                  Joseph S. Bradley ‘78                                                                         David J. Thompson ‘72 MBA
                                                                                   Bradley, Drendel & Jeanney                        Mark Lipparelli ’87, ’93 MS                 Barnard, Vogler and Co.
                                                                                                                                      Nevada State Gaming Control Board
                                                                                  Randy Brown ‘89                                                                               Patty Wade
                                                                                   AT&T                                              Kevin McArthur ’79                          Wade Development Company, Inc.
                                                                                                                                      Tahoe Resources, Inc.
                                                                                  Carol Franc Buck                                                                              Ellen Whittemore ‘78
                                                                                   Carol Franc Buck Foundation                       Monte Miller ‘70                            Lionel Sawyer & Collins, Las Vegas
                                                                                                                                      KeyState Corporate Management
                                                                                  Denise Cashman ‘83                                                                            Jane C. Witter ‘74
                                                                                   Las Vegas Harley-Davidson

                                                                Foundation leadership

Board of trustees—new members

                                                                                                                                                                         Photos by Theresa Danna-Douglas
The foundation board recently welcomed nine new trustees whose terms began in 2011. Pictured from left to right: Bob Armstrong, Annette Bidart ’85
(Spanish, political science), Brett Coleman ’84 (finance), Dr. William Evans, Dan Rovig, Mary Ellen Smith, Ellen Whittemore ’78 (political science). Not
pictured: Stuart Engs, Mark Lipparelli ’87 (finance), ’93M.S. (economics).

                                                                      emeriti trustees
         L.S. “Buzz” Allen               Rhonda K. Carano ’76              Valerie Glenn ’76               Andrew MacKenzie ’63                 Leslie Righetti ’76
           Mary B. Ansari                  Ann Carlson ’59, ’78            George Gund ’81                Bernice Martin-Mathews                James H. Roberts
       Michonne Ascuaga                   Robert A. Cashell ’76             Joanne G. Hall                           ’70, ’77                 Sigmund Rogich ’67
       Kristen A. Avansino               William A. Chaffin ’66        Arnold L. Hansmann ’66              Charles N. Mathewson              Jeanne A. Russell ’71
       Richard P. Banis ’67            E. P. “Chuck” Charlton ’50      Richard W. Harris ’69, ’95                 Dixie D. May                Jennifer A. Satre ’80
        J. Richard Barnard                    David W. Clark              William R. Hartman                Timothy G. McCarthy               Frederick J. Schwab
       Riley M. Beckett ’68                    Kirk Clausen              Dyanne M. Hayes ’61                   Robert “Lefty” E.                  Joey E. Scolari
                                                                                                               McDonough ’42
         Bruno Benna ’53                   William G. Cobb ’71            Barbara E. Hug ’54                                                      Mike H. Sloan
                                                                                                            Richard A. McDougal
           Edna B. Benna                Thomas R. Conklin ’66            Eppie G. Johnson ’51                                                     G. Blake Smith
                                                                                                            Dale E. McKenzie ’66
           Paul Bible ’62                     Krestine Corbin           Ronald A. Johnson ’62                                                    Austin Stedham
                                                                                                          Mary-Ellen McMullen ’73
    Mitchell “Jim” J. Bidart ’68             Theodore J. Day             Helen “Jeane” Jones                                                  Richard M. Stout ’66
                                                                                                           R. James Megquier ’61
      Candice P. Bielser ’68               Norman L. Dianda             Thomas F. Kerestesi ’72                                            William R. Trimmer ’72, ’74
                                                                                                            Michael Melarkey ‘72
           Leslie S. Biller            David L. Diedrichsen ’97      Eleanor F. Killebrew Brown ’51                                        Roger S. Trounday ’56, ’67
                                                                                                          Marilyn R. Melton ’55, ’86
          Reed Bingham                      John M. Doyle ’63             MacLellan E. King                                                       Larry Tuntland
                                                                                                          James L. Mercer ’64, ’66
            Fred E. Black                      Joan L. Dyer               Jay Kornmayer ’74                                                 Marjorie L. Uhalde ’67
                                                                                                          Charles J. Merdinger ’94
       William W. Bliss ’93                  Jo Ann Elston ’56         William B. Kottinger ’54                                                Peter P. Vlautin ’68
                                                                                                                Carol L. Mousel
     Louis A. Bonaldi ’75, ’77          Frank J. Fahrenkopf ’62            Sara Lafrance ‘73                                                     Ranson Webster
                                                                                                                Julie Murray ’79
     Janice K. Brady ’63, ’88             Barbara J. Feltner ’82            Keith L. Lee ’65                                                Harvey Whittemore ‘74

                                                                                                                                                                                                           NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010
                                                                                                                 James Murren
       John E. Brodeur ’72              Gregory W. Ferraro ’85           Warren L. Lerude ’61                                                Marvin L. Wholey ’64
                                                                                                             Robert N. Ordonez
        Philip E. Bryan ’68               Georgia Fulstone ’52              Kathryn List ’80                                                 John R. Worthington
                                                                                                                 Raymond Pike
       David Buckman ’53                 Frank S. Gallagher ’77          Scott Machabee ’90                                                     Gregg W. Zive ’67
                                                                                                               Janice L. Pine ’62
    Barbara S. Campbell ’78             John S. Gaynor ’66, ’74              Luther Mack                                                         Ronald M. Zurek
                                                                                                             Frank R. Randall ’56
       Randall V. Capurro                   Barbara C. Gianoli         Michael F. Mackedon ’63

                     Joe Bradley ‘78                                           Eric Herzik                                             Julie Rowe ’94
                      AAUN President                                       Faculty Senate Chair                              Nevada Alumni Council President

                   John K. Carothers                                          Charlie Jose                                             Matthew Smith
               Foundation Executive Director                                  ASUN President                                            GSA President

                     Molly Conklin                                           Bruce A. Mack
                    Pack Paws President                         Foundation Associate Director and Secretary

                     Milton D. Glick                                   Laurie L. McLanahan ‘86
                    University President                                   Foundation Treasurer

                                                                                  The University of Nevada, Reno Foundation is a separate nonprofit 501(c)(3) organization (TIN: 94-2781749). The foundation
                                                                                  was incorporated in 1981 to provide a mechanism for private individuals, corporations and foundations to make charitable
                                                                                  gifts, bequests and other deferred giving arrangements to support the University of Nevada, Reno. The foundation receives,
                                                                                  invests and administers funds to benefit the University, while honoring the philanthropic intent of its generous donors. Such
                                                                                  funds are made available to the University for general or specific academic purposes.

                                                                                      university of Nevada, reno Foundation
                                                                                        Financial Statement June 30, 2010
                                                                                      Statement of support and revenue, expenses and changes in fund net assets

                                                                                                                                                    Unrestricted          Restricted     Endowment            Total

                                                                                       Operating support and revenue:
                                                                                            Donor contributions                                           $347,146        $20,997,608             $0     $21,344,754
                                                                                            University support                                          $1,859,528                $0              $0      $1,859,528
                                                                                            Special events and other income                               $304,170          $940,424              $0      $1,244,594
                                                                                         Total operating support and revenue                          $2,510,844         $21,938,032              $0    $24,448,876

                                                                                       Operating expenses:
                                                                                         Program expenses
                                                                                            Alumni programs                                              $224,320                 $0              $0       $224,320
                                                                                            Capital projects                                                      $0       $3,190,869             $0      $3,190,869
                                                                                            University programs                                            $61,417        $10,405,855             $0     $10,467,272
                                                                                            University scholarships                                               $0       $2,395,954             $0      $2,395,954
                                                                                         Total Program expenses                                         $285,737         $15,992,678              $0    $16,278,415
                                                                                            Administrative                                              $1,553,137                $0              $0      $1,553,137
                                                                                            Fundraising                                                 $1,630,395                $0              $0      $1,630,395
                                                                                         Total administrative and fundraising expenses                $3,183,532                  $0              $0     $3,183,532
NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010

                                                                                         Total operating expenses                                     $3,469,269         $15,992,678              $0    $19,461,947
                                                                                         OPERATING INCOME (LOSS)                                       ($958,425)         $5,945,354              $0     $4,986,929

                                                                                         INVESTMENT INCOME                                            $2,393,969           $801,288       $7,229,500    $10,424,757

                                                                                         Additions to permanent and term endowments                               $0              $0      $4,038,356     $4,038,356
                                                                                         Transfers between funds                                        $266,919          $3,280,445     ($3,547,364)            $0

                                                                                       NET CHANGE IN FUND NET ASSETS                                1,702,463          $10,027,087      $7,720,492 $19,450,042
                                                                                            Fund net assets at beginning of year                        $8,220,113        $37,488,599     $77,195,503   $122,904,215
                                                                                            Fund net assets at end of year                              $9,922,576        $47,515,686     $84,915,995   $142,354,257

                                                                                                           The accounting firm of Grant Thornton LLP issued an unqualified opinion of the University
                                                                                                                of Nevada, Reno Foundation’s audited financial statements for fiscal year 2010.

The University of Nevada, Reno Foundation endowment funds are responsibly managed by the Investment Committee of
the foundation, a volunteer committee with expertise in financial management, which receives independent professional
investment advice from Wilshire Consulting.

2010 Foundation endowment                          • Market value as of dates listed below (Represents true endowment,
not including unrestricted endowment funds, quasi endowment funds and funds held in trust).

             102.6M          $
                                                                  86.9M                                 96.4M
                                              75.0M                            $
                                                                                84.2M                                      $90M
               2007              June                                                                                    $15M
                                 2008            June
                                                 2009            December                                                $0M
                                                                   2009            June
                                                                                   2010            December

                      University of Nevada, Reno Foundation
                      investment performance net of Fees
                                             As of June 30, 2010                As of December 31, 2010
                                         Foundation           S&P Barclays    Foundation        S&P Barclays
                      1 year return               8.60    14.40       9.50            12.10    15.05        6.54
                      3 year Average              -6.70       -9.82   7.55            -3.70     -2.87       5.91
                      5 year average              1.08        -0.79   5.54            2.28      2.29        5.80

                                                                                                                                            NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010
                      10 year average             2.37        -1.59   6.47            3.93      -1.41       5.84

investment in endowment
  For fiscal year 2010, a total of $4,038,356 was added to the University of Nevada, Reno Foundation’s permanent and term endowments.

endowment management
   A strategic diversified portfolio mix has positively assisted during these turbulent financial times. As of Dec. 31, 2010, the funds
were invested at the ratio of 53.96 percent in equities, 26.91 percent in fixed income, and 19.13 percent in real estate and alternative
investments. The goal of this allocation is to produce a return that meets spending obligations, maintains or increases the real value of
the endowment, and protects against the effects of inflation. The foundation investment policy is administered in accordance with the
Uniform Management of Institutional Funds Act and can be found on the University’s website:

                                                                                                                                   university of nevada, reno Giving
                                                                                          giving for calendar Year 2010                          551,255.34
63.81                                                                                     January 1, 2010 – December 31, 2010 •	Includes	gifts	from	all	fundraising	entities	of	the	University	of	Nevada,	Reno.
.92                                                                                                                                              1,977,908.18
73.60                                                                                                                                            358,870.51
78.12                                                                                                                                                  2%
.18                                                                                                                                              Faculty/Staff
                                                                                                              30%                  14%                                                                   Programmatic
                                                                                                                                  Friends                                                                Enhancements
                                                                                                                                        10%                                                                               Student
                                                                                                                                    Estates/Trusts                                                                        Support
                                                                                                     18%                                                                                       62%
                                                                                                                          25%                                    1%
                                                                                                                         Alumni                                 Other


                                                                                                                                                                                                              Centrally Administered
                                                                                           Source of Gifts
                                                                                           Alumni                                   $4,088,003.58                            designation of Gifts by donor
                                                                                           Corporations/Organizations                $2,953,134.98                           Buildings                                   $551,255.34
                                                                                           Foundations                               $5,022,463.81                           Endowment                                $10,232,456.09
                                                                                           Faculty/Staff                              $382,218.92                            Programmatic Enhancements                  $3,553,446.09
                                                                                           Friends                                   $2,419,673.60                           Student Support                            $1,977,908.18
                                                                                           Estates/Trusts                            $1,698,178.12
                                                                                                                                            25.48                            Centrally Administered                      $358,870.49
                                                                                           Other                                       $110,263.18
                                                                                                                                             30                              Total                                  $16,673,936.19
                                                                                           Total                                  $16,673,936.19
        NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010

                                                                                          cash gifts received for calendar Year 2010

                                                                                                           25.4M         $
                                                                                                                          30.6M             $
                                                                                                                                             31.7M                                                                     $40M

               expenses for Fiscal Year 2010
               July 1, 2009 – June 30, 2010 •	The	accounting	firm	of	Grant	Thornton	LLP	issued	an	unqualified	opinion	of	the	University	of	
21,023.88      Nevada, Reno Foundation’s audited financial statements for fiscal year 2010.
3,575.28                                                                      4.10% College of Engineering
                                                        19.63%                               10.65% College of Science
3,816.46                                                Athletics
                                                                                                   4.67% College of Liberal Arts
                            Centrally Administered                                                   3.05% College of Education
                                                                                                     5.05% Health Sciences

                                                13.30%                                              1.64% Libraries
                                           School of Medicine

                                                                                                 4.55% College of Business

                                                                                         3.77% Reynolds School of Journalism
                       3.00%                College of Agriculture,
                        General              Biotechnology and                .93% Cooperative Extension
                      Scholarships            Natural Resources

                      Athletics                                                                    3,821,023.88                19.63%
                      Engineering                                                                   797,093.96                     4.10%

                                                                                                                                              NevAdA SIlveR & BlUe • Spring 2011 • Honor Roll of Donors – Jan.1-Dec. 31, 2010
                      College of Science                                                           2,072,730.37                10.65%
                      College of Liberal Arts                                                       909,262.50                  4.67%
                      College of Education                                                          593,575.28                  3.05%
                      Health Sciences                                                               983,556.53                  5.05%
                      Libraries                                                                     318,373.97                  1.64%
                      College of Business                                                           885,023.56                  4.55%
                      Reynolds School of Journalism                                                 733,816.46                  3.77%
                      Cooperative Extension                                                         181,390.54                     0.93%
                      School of Medicine                                                          2,588,545.21                 13.30%
                      College of Agriculture                                                        248,301.58                  1.28%
                      General Scholarships                                                          583,903.04                 3.00%
                      Centrally Administered                                                       4,745,350.12                24.38%

                      Total Use By Area                                                        19,461,947.00               100.00%


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