Financial Report

The University of New Hampshire Foundation, Inc. is an independent, 501(c)(3) nonprofit entity with 170(b)(1)(A)(iv) “publicly supported” status. The purpose of the Foundation is to coordinate the acquisition of private support, with particular emphasis on building endowment, for the benefit of the University of New Hampshire. Gifts are solicited from alumni, friends, corporations, private and public foundations, and volunteer-support organizations. Since its incorporation in 1989, the Foundation has raised more than $260.9 million in support of UNH programs, faculty members, and students, including an endowment of $131 million.

University of New Hampshire Foundation, Inc.
Annual Financial Report 2011-2012

CONDENSED STATEMENTS OF NET POSITION 
(dollars in thousands)

  Balances as of
 
ASSETS
June 30, 2012
June 30, 2011
Cash and cash equivalents
$3,297
$10,059
Investments and pledges receivable
129,967
134,503
 
TOTAL ASSETS
$133,264
$144,562
     
LIABILITIES    
Annuities payable and accrued expenses
$2,717
$2,714
 
TOTAL LIABILITIES
$2,717
$2,714
     
NET POSITION    
Restricted Nonexpendable
$110,164
$107,324
Restricted Expendable
17,449
31,712
Unrestricted
2,934
2,812
 
TOTAL NET POSITION
$130,547
$141,848

 

CONDENSED STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 
(dollars in thousands)

  For the year ended
 
OPERATING REVENUE
June 30, 2012
June 30, 2011
Gifts and contributions
$14,081
$9,890
Support from UNH for fundraising services rendered
4,115
3,449
Endowment and investment income (loss)
(962)
23,706
     
TOTAL OPERATING REVENUE
17,234
37,045
 
OPERATING EXPENSES    
Distributions to UNH
23,031
9,866
Salaries and other operating expenses
5,504
4,935
 
TOTAL OPERATING EXPENSES
28,535
14,801
 
OPERATING INCOME (LOSS)
(11,301)
22,244
     
NET ASSETS AT BEGINNING OF YEAR
141,848
119,604
 
NET ASSETS AT END OF YEAR
130,547
141,848

Overall Results

For the fiscal year ending June 30, 2012 the Foundation sustained negative returns in comparison to significant gains the previous year. The market value of all endowment funds (including life income and annuity funds) was $128.8 million as of June 30, 2012, which represents a decrease of $4.8 million (-3.6%) for the year. The endowment pool had a loss of $4.7 million (-3.6%) and distributions were made in compliance with UPMIFA.