UCM Foundation Appoints New Directors to Board
The University of Central Missouri Foundation Board of Directors recently announced the appointment of 14 new directors as the organization expands to better meet newly outlined strategic initiatives.
"This past year we have reorganized and grown the Foundation Board of Directors to build upon our current expertise by recruiting specific skills identified through the strategic planning process," said Jason Drummond, vice president for alumni relations and development and foundation executive director. "By expanding the size, we were able to complement the current board by adding industry experts with specific capabilities."
The new board members, who begin their term July 1, are:
- Gary Abram of Blue Springs, Mo., a 1975 UCM alumnus and founding partner of HCap International
- Peter Carmack of Lee's Summit, Mo., a 1993 UCM alumnus and first vice president of investments at Wells Fargo Advisers
- James Claiborne of Olathe, Kan., a 1990 UCM alumnus and principal of Financial Partners Group
- Jonathan Cleveland of West Roxbury, Mass., a 1985 UCM alumnus and founder and owner of Cleveland Design
- Diane Dudley of Higginsville, Mo., a 1981 UCM alumna and partner-in-charge of KPMG Federal Audit Practic.
- John Fay of Naples, Fla., a 1970 UCM alumnus and retired advancement professional
- John Ferguson of Colorado Springs, Colo., a 1982 UCM alumnus and president and CEO of Strategic Financial Partners
- Kelly (Stoll) Harbert of Bloomington, Ill., a 1986 UCM alumna and president of Spectrum Partners
- James Hatfield of Paradise Valley, Ariz., a 1980 UCM alumnus and executive vice president and CFO of Pinnacle West Capital Corporatio.
- Tim McClellan of Kingsville, Mo., with degrees from UCM in 1988 and 1990, an attorney at GE Transportation in Grain Valley
- Richard Phillips of Lake Tapawingo, Mo., with degrees from UCM in 1965, 1967 and 1972, a former member and president of the UCM Board of Governors and now retired educator, school administrator and independent consultant
- Mark Schupp of Creve Couer, Mo., a 1978 UCM alumnus and the president and owner of Schupp Company
- Ron Umphenour of Bridgewater, N.J., a 1976 UCM alumnus and retired executive director of Strategic Business Development and Acquisition of Ortho Biotech, a unit of Johnson and Johnson
- Mitch Wheeler of Overland Park, Kan., a 1979 UCM alumnus and chief partnership officer of Premier Sports
The board expansion comes at a high point for the foundation. It currently is managing more than $40 million in assets, the highest since its founding in 1979. Recently the UCM Foundation’s five-year annualized rate of return placed it in the top seven percent nationally among the largest and most prominent public and private higher education organizations in the nation, according to the 2012 NACUBO-Commonfund Study of Endowments.
As part of the process, the board also has developed and adopted a six-year strategic plan, establishing goals for the foundation's fundraising and operations.
"The implementation of the strategic plan will allow us to build on all the success we have achieved so far and really reach for some ambitious goals in the future," said Drummond.
Drummond noted that in line with the strategic plan, the foundation has implemented two new initiatives in recent months. First, the board set aside $500,000 to establish a student-managed investment fund so that upper level undergraduate and graduate level business students can gain real investment management experience. Second, the board established the Foundation Opportunity Grant program to provide grants to support staff or faculty on projects that directly enhance the learning environment.
"Both of these initiatives, along with an increased scholarship payout rate from the endowment, shows our commitment to supporting the students and the overall mission of the university in every way we can," Drummond said. "We use all our effort and creativity to ensure that every student has a chance to achieve the dream of earning a college degree."