USD President's Report 1998

1997-98 financial operations St.at:erncnl of aclivit.ics by combined net. asset. categories for t.hc fiscal year ending Aug. 31.

leadership donors

Legacy Gifts Legac_ygijis make a continuing impact upon present an.dji,ture gen.emlions of students. Philan.throP,J' at this Level indicates a m1i1imum cumulative cash contribution. ofone million. dollars or an ii-revocable bequest at that Level. Friend of USD The Estate of Carolyn Ann Ahlers ..

Bank of America BankAmerica Foundation Barney & Barney

Conrad N. I lilton Foundation T. \Xfilliam I lochn. Jr. The 1 \laxin1ilian E. & . i\larion 0. I loffman Foundat.ion I JomcFcd Bank Patricia i\I. I !owe .\la1jorie and Dr. .-\uthor E . I lughes Independent Colleges of Southern California .\largarct and I Ioward P James Rose 1\1I. and . \rLhur t Kaplan \VilI. Keck Foundation Kellogg Founda1ion Richel and Thwfiq N. Khoury La Jolla Bank Shelia (Davis) and 1\I. Larr) · La\\'rencetffhc Lawrence Famiil' Foundation F:wc N. Lewis Bel :; ) · and Doug i\lanchester Ho11ald N. 1 \ Iannix T he Estate of Dorothea .). i\lcKinney The Estate of Louise 11. McNally Sharon and I I.D. McNee. Jr. The Est.ate of Edward J. and Crace \X: i\lehrcn Dr. Philip ille11na Dan iilurphv Foundation The National Collegiate .-\thletic . \:;sociation National Endowment for the I lurna11itics Rita and Josiah Neeper \'e:;sa-j- ai1d Johnt Notchev Pacifi · iilutual Foundation Pacific out.ll\vest Rcalty/D.F i\luh-ihill Park r Foundation \1rginia C. Piprr Peggy and Clcn Po" · e ll Catherine Ha,·enel Meg Goode Reardon ·70 C. \ T incenl Reardon. Jr. ·7 0 He:;earch Corporation Hiversidr C: ommunit, · Foundation Cecile and Col. ln·ing H.-J· Salomon San Diego C:oumy Bar . \ ss ociat.ion San Diego Cas & Electric Compam· San Diego Tru:;L & Savings Bank ' cail'c Family Charitable Ti·ust. Kail1v and William 1 1. ·33 Scripps .\larLin L. Shcehant ,. . - \nna -j- ai1rl Leo Hoont Diamond and Don Hose

1997 . '95,200,000 2,100,000 20,000,000 17.200.000 19,800.000 1.800.000

1998 (Unaudited) ''10-t.000,000 2. 9 00.000 33.800.000 2.200.000 21.800.000 1.700.000

Revenues, Gains and Other Support Tui1ion and fees Crant.s and cont.ract.s Contributions Investment. income, net. Sales and services of auxiliary elllcrpri:;cs At.hlet.ics. recreation and other

illarilvn and \fincent 13enstead illaureen and Allen Blackmore Marguerite and John D. Bovee Charlen e . - \ . and C. Terrv Brown Helen r\nne Bunn illalin 13urnhamn ' h e Burnham Foundat.ion The Estate of , \! a r t .in and F lorence Bursiek Edyth Bush Charitable Trust Foundation, Inc. The California Wellness Foundation \Xfilma K. and Robert T. Campion .\farv 13. (Delaricld) CarLert CarLhage Foundation Canhy Foundat.ion Community Defenders. Inc. Fiorenza Courtright Lucas Toni and Donald Daley. Sr. Inger and Professor Kenneth C. Davis Patricia and Daniel Derbes The Est.ate of Kathryn Desmond Catherine Dicey Elizabeth and Michael Din g man / Mi c h a el D. Dingman Foundation Carrie Estelle Doheny Foundation The Est.ate of .- \ lice \I Donahue l-lelene- r and .lack Drown Monsignor I. Brent Eagen "56 t Fern and Richard L.t Erion The David \X' Ferrall Trust David C. Fleet Trust Marilyn and Kim F letcher Ron L. Fowl e r / M e s a Distributing Co .. Inc. 13eau·ice and Paul Fritch Patricia and Thomas Fritl'h Evelwyn F Cordont Peggy and Charles Crace Estate of .\lary Gresko t• .-\riel W Coggeshall Trust ·:\"" Kathryn S. and James Wt Cola c hi s / Co l ac h i s Family Fo u n d at i on / C J Resorts Lucille and C. Havt I larmon 1\lar\' .-\nn and Bruce Hazard \Villiam Handolph I learst Foundation .-\rLhur .-\. I lerzog Family Trust Hewleu-Packard Co.. 'an Dirgo Division

•

AlliedSignal, lnc. Helen K Copley James S. Copley Foundation

$156, I 00,000

$166,400,000

Total Revenues, Gains and Other Support

Faye and William Cory Jenny and Sid Craig/ T

he Sid and

Jenny Craig Foundation Agnes and Philipt Crippen, Jr. Murielt and Philip Yt Hahnffhe Philip Y. Hahn Foundation Jean f-lahn Hardy andErnest \V HaJmtffhe EW and J.E. Hahn Foundation The James lrvine Foundation The Fletcher Jones Foundation Richard L.t and Justine Keith ' l �·u s t Kenneth H. Kinsman '73 Maryt and Churchillt Knapp Kresge Foundation Joan B. Kroc The Estate of Zama W ii lay Lenore and 1 - 1. Laryt McGee FW Olin Foundation. Inc. Katherine M. and George M. Pardee, Jr. I lelen and Sol Pri ce / Pri ce Charities . ,, CaroleJ . and Michael T. '68 Thorsnes Joanne and Frank Warren/\Varren Family Foundation Weingan Foundation Bettv andWalter J. Zable Lifetime Leadership Donors Lil'h 111'-, I 0(1.( )(}() tJI' \I on· Friend of USD Touric Aboukhater Thomas C. Ackerman Foundation Jack L. Adamst The Ahmanson Foundation Linda and Frank Alessio Alfred J. Antonicelli ,; Religious of the Sacred Heart Roman Catholic Diocese of San Diego DonaJd and Darlene Shiley

Functional Expenses Educational and program expenses ALLxiliary emerprise ex1 encliwrrs Management and general expense:;

'79,200,000 17,600.000 22.000.000

'83.-t00.000 18.500.000 25.:300.000

$ I 18,800,000

$127,200,000

Total Functional Expenses

Increase in Combined Net Assets Unrestricted net. asscls

$14,200,000 15,400,000 7,700,000

$ · 12.000,000 21.800,000 1,-+00,000

Temporarily rest.ric t .ecl net. a ·set.s Permanently rest.rict.ed net. assets

$37,300,000

$35,200,000

Total Increase in Combined Net Assets

FUNCTIONAL EXPENSES

REVENUES, GAINS AND OTHER SUPPORT

a. T11i1io11 and Fl't', 63% b. l;,,clt-ral Cra11t, 1111d C:on1rnc1, 2% c. \ ililt · Iil':;. Ht·c-r1·a1io11 a1lfl ()ill('r 1% cl. Co111riln11io11> 20% e. lll\ t",llll('lli l 111·rn 1 H·. .\'1·1 1% f. Sal,·s all(! S,·n · in· , ol' \11Xilia1Y l · : 111l'rpri s 1· s 13%

a. \ 1111111/!1'111('111 and C,·1wral Exp,·11�1·, 20% b. Sd1olar,hip,, 18% c. \11 .,ilimr 1-:1111Tpri,1· l · : xpt'I HIii11n·s 14% cl. \ il 1l 1 · 1i1· s a11cl l {1·1 · 1 T ,1li,m 3% H1·si·an·l1 1% I'. Puh l i,· S,·n in· 1% g. l ·: d1wa1io11al Progrn11is 43% (",

The Estate of Harry Atwood. Jr. Sherrill J. and Hoben 1-1. Bake1/ The Bob Baker Foundation

i" Deceased