THE YEAR IN REVIEW - Jefferson Scholars Foundation

the year in review 

Elements: wood, glass, brick, 

slate, and stone were all used to 

showcase what many Fellows 

referred to as a “forward looking” 

series of buildings.


undergraduate 

scholars 

program 

Fiscal year 2010 was an exciting, 

challenging, and successful year for the Undergraduate 

Program. The 30th annual selection cycle was our most competitive. 

Nearly 3,500 secondary schools in 56 regions were invited to nominate candidates, 

including our three new regions: Mississippi, Rhode Island, and the 

United Kingdom. One hundred and one finalists were identified, and 27 new 

scholars will come to the University of Virginia as members of the Class of 

2014. They will join the 90 Scholars in residence who already contribute to life 

and culture at the University of Virginia. 

Members of the Class of 2012 hike Old Rag Mountain during the Institute 

for Leadership and Citizenship in August 2009. 

one hundred and one 

finalists were 

identified, and 27 new 

scholars will come to 

the university of 

virginia as members of 

the class of 2014. 

In addition, the Foundation’s 

Undergraduate Advisory Committee, 

chaired by William F. Blue Jr., met 

multiple times this year to examine aspects 

of the Undergraduate Program’s 

selection process as well as the enrichment 

program. At the suggestion of 

this committee, a new Faculty Advisory 

Committee was formed, made up 

of members of the University faculty. 

Members of this new committee will 

work with the Foundation to help recruit 

new Jefferson Scholars and advise 

current Scholars. 

3


graduate 

fellows 

program 

The idea grew out of a strategic planning discussion aimed at broadening 

the overall reach of the Jefferson Fellowship: Let’s build a facility where 

graduate Fellows from across the Grounds, representing nearly every discipline, 

can assemble, talk, listen, study, and teach. Their cross-disciplinary 

interaction, on a daily basis, will fuel discussion and not only strengthen the 

University’s graduate student life but enrich the entire University community. 

Over the course of the last five years, land 

purchases led to countless design meetings 

that included current Jefferson Fellows 

and alumni. Design ideas were translated 

into architectural renderings and construction 

plans. Geothermal wells were dug, a 

sophisticated rainwater harvesting system 

was developed, and a green building was 

christened in April 2010 with one goal in 

mind: to further the Foundation’s ability 

to identify, attract, and recruit outstanding 

Ph.D., M.B.A., and J.D. candidates to the 

University of Virginia. 

The move to the building was easily the 

highlight of the 2009-10 academic year. 

Comments from Fellows — whether first 

year or fifth year — were virtually identical, 

and they followed their words with actions. 

Fellows admired the quality and design of 

the communal space, teaching facilities, offices, 

and quiet areas and flocked to the new 

facility as soon as the doors opened. They 

moved computers, books, and equipment to 

their offices, began meeting frequently, sharing 

ideas, and welcoming visitors to their 

new academic home. They immediately began 

putting the building to its intended use. 

“I had been dreading trying to find a 

place to run my research studies, 

propose my dissertation, or teach 

independent classes. Now, I have 

access to a beautiful dynamic space 

to do all these things and more!” 

Matt Lerner, the James H. and Elizabeth W. 

Wright Fellow (Psychology) 

Jenifer Guimond, Macfarlane Family Fellow in the Darden 

School of Business, at the Luxor Temple in Luxor, Egypt. 

3

jefferson scholars foundation 2010 

In the first month alone, Adam Dean, a fifthyear 

Jefferson Fellow, hosted his dissertation 

defense in one of the conference rooms, while 

Matt Lerner, a third-year Fellow, conducted a 

month-long childhood autism study. 

Clearly, 2009-10 will be seen as a milestone 

in the history of the Jefferson Fellowship Program 

and for the Foundation as a whole. The 

new building gives the Foundation the means 

to realize our vision of strengthening the 

University by promoting the highest-quality 

cross-disciplinary scholarship, citizenship, 

and leadership at the graduate level. For 

future generations of Fellows, the building 

will come to represent a different sort of 

milestone. It will represent a starting point, 

from which they launched their careers and 

began their life’s work.


development 

I n response to uncertainty about the pace of financial recovery, 

the development office devoted fiscal year 2010 to strengthening old 

and building new relationships. We are pleased to report that this year the 

development team, along with the program directors and the president of 

the Foundation, met with well over 1,000 alumni, friends, and parents of the 

University, just as we have done in the past. It is through these relationships, 

some nearly thirty years old, that the Foundation can report an increase in 

philanthropic cash flow for the fiscal year of $10.4 million. 

Relationships are the cornerstone of any 

vital institution. This past year, the Foundation’s 

donors have created Jefferson Scholarships 

in recognition of leaders, scholars, and 

citizens whom they hold in high esteem. 

Eli Tullis, Paul Tudor Jones, and Lee and 

Elizabeth Ainslie created a challenge grant 

to fund a Jefferson Scholarship in honor 

of John and Betsy Casteen, to recognize 

their dedicated leadership and service to 

the University of Virginia. This challenge 

raised $1 million in funds to endow the John 

and Betsy Casteen Jefferson Scholarship. In 

addition, friends and colleagues of former 

University of Virginia Athletic Director Jim 

Rachael Beaton (back right), the C. Mark Pirrung Family Fellow 

(Astronomy), leads a group of undergraduate and graduate students at 

the Large Binocular Telescope on Mt. Graham in Arizona. 

Copeland established a Jefferson Scholarship 

to recognize Jim’s leadership in the classroom 

and on the athletics field, not only at 

the University of Virginia but also with the 

Cleveland Browns, where Jim played professional 

football, and at Southern Methodist 

University, where Jim held his last position 

as athletic director. Lastly, Beverly Mignerey 

endowed a Jefferson Scholarship in honor of 

her good friend Susan Shinn and her family. 

Their friendship began at the University of 

Colorado, and this scholarship will mark the 

opening of a new selection region that will 

attract Colorado’s most outstanding students 

to the University of Virginia this fall. 

Donors also celebrated these lifelong 

relationships through their contributions to 

41


the Foundation’s new building. In 2009-10, 

Lucien Burnett, Jr., was remembered by his 

son, Lucien Burnett III, when the Foundation 

named its conference room in his memory. 

John and Wendy Havens chose to name 

the courtyard, the heart of the Foundation 

and Jefferson Fellows Center, for their good 

friend A. Macdonald (Mac) Caputo. The 

Foundation is proud that donors see in its 

work an appropirate vehicle to honor and 

remember those they hold dear. 

Now that the financial markets have 

regained their equilibrium, the Jefferson 

Scholars Campaign to raise $100 million 

have regained its momentum. The Foundation 

has received over $83.1 million in gifts 

and pledges so far. Of this, $54 million has 

been raised for Jefferson Scholars Pro- 

gram and $29 million for Jefferson Fellows 

Program. This campaign has materially 

strengthened the Foundation. Thanks to the 

generosity of its supporters, the Foundation 

has expanded its regional coverage from 44 

to 57 regions in the United States and the 

United Kingdom and from eight Jefferson 

Fellows in five disciplines to 36 Fellows in 17 

disciplines. 

The Jefferson Scholars Foundation has 

been fortunate throughout the years to have 

attracted thousands of individuals who have 

taken its mission to heart and who have 

joined with us to ensure that we prepare our 

very best students for a life of leadership and 

service. The generosity of our many friends 

and alumni is and will always be a critical 

part of this effort. 

Alex Eschenroeder, the James P. Massie Scholar, Class of 2012, hiking outside of Lhasa, Tibet. 

42


betsy & john casteen and w. james copeland jr. scholarships 

This past year, the Foundation 

and viewed the Program 

was fortunate to be involved 

as a “central driver of 

in recognizing two of the 

change and excellence 

University’s favorite sons, 

in the University.” 

John Casteen and Jim 

In addition, friends 

Copeland. 

and former colleagues of 

Longtime benefactor and 

Jim Copeland have 

former Foundation board 

recognized his service to 

member Eli Tullis announced 

the University by 

a challenge gift created by Eli, 

funding the W. James 

Paul Tudor Jones, and Lee and 

Copeland Jr. Jefferson 

Elizabeth Ainslie. This gift Betsy and John Casteen. 

Scholarship. Jim (Col ’67) 

recognized John and Betsy 

was a leader in the 

Casteen for their service to the University classroom and on the gridiron, and he was 

community and the Foundation. Mr. 

the embodiment of Jefferson’s ideals for 

Casteen was instrumental in the creation students and graduates of the University of 

of the Jefferson Scholars Program in 1979 Virginia. “Jim’s life work as a leader in 

intercollegiate athletics, as an 

upstanding citizen subscribing to the 

highest of ideals, and as a true friend 

to so many throughout the years, 

never losing sight of the true gifts of 

friendship, kindness, and good 

heartedness, makes creating a 

Jefferson Scholarship in his name a 

well-deserved honor,” states Allison 

Cryor DiNardo. This scholarship will be 

held by a Scholar who was a high 

school varsity athlete who is a leader, 

scholar, and citizen. 

Jim Copeland, Cleveland Browns, 1967-1974. 

43


the shinn- mignerey scholarship 

The Shinn Family holds a special place for 

Beverly Mignerey. At the University of 

Colorado, Beverly and her roommate, 

Susan Shinn, were best friends. After 

Susan’s tragic passing within a year of 

graduation, Beverly became like an adopted 

daughter to Susan’s parents, Jeanne 

and Charles. Beverly went on to marry 

Arthur Mignerey and have two children. 

When the Mignereys’ first child was born, 

a daughter, the Shinns were understandably 

moved when Art and Beverly named 

Charles and Jeanne Shinn, circa 1985. 

her Susan. 

The Mignereys’ son, Carey, went on to become a Jefferson Scholar from Atlanta in 2000. 

With the Shinns’ passing, the Mignerey family saw an opportunity to honor their dear friends 

as well as repay the debt of gratitude the Mignereys felt to the Foundation that so generously 

provided for their son’s education at the University. Realizing that the Foundation did 

not have a Jefferson Scholarship designated for the Shinns’ home state of Colorado, the 

Mignereys established the Shinn-Mignerey Jefferson Scholarship to give tribute to their 

friends. Charles Shinn was a decorated World War ll pilot, receiving the prestigious Air Medal 

for flying ten additional missions for a total of thirty-five. Jeanne and Charles were lifelong 

learners, avid world travelers, and had a real zest for life. Now in its seminal year, this new 

Jefferson Scholarship will attract students from Colorado worthy to hold the title of the 

Shinn-Mignerey Scholar. 

44


benefactors 

The Jefferson Scholars Foundation offers its benefactors the opportunity to name scholarships and 

fellowships. A named Jefferson Scholarship or Jefferson Graduate Fellowship may be created with 

a gift of $500,000. Darden Fellowships have a naming level of $1,000,000. 

JEFFERSON 

SCHOLARSHIPS 

Endowed 

Scholarships 

The Anderson Family Scholarship 

The Arney and Scheidt Family 

Scholarship 

Atlanta Alumni Chapter - Baxter Maddox 


James J. Bailey III Scholarship 

Paul B. Barringer Family Scholarship 

Randolph P. Barton Family Scholarships 

Frank Batten Scholarship 

Mr. and Mrs. Anson M. Beard Jr. 


Richard M. Berkeley Family Scholarship 

Mr. and Mrs. John H. Birdsall III 

- to be named 

Betty and Jack Blackburn Scholarship 

Reverend Calvin and Frances Blackwell 


Katherine B. and William F. Blue 


Bowlin Family Scholarship 

Brockenbrough Family Scholarship 

Brooke/EBSCO Scholarship 

Charles L. Brown Memorial Scholarship 

Stewart H. Brown Jr. Scholarship 

W.L. Lyons Brown Foundation 


Brunswick School/Greenwich Academy 


Mary Catherine Hood Caldwell 


James K. Candler Scholarship 

A. Macdonald Caputo - to be named 

Edward C. Carrington Jr. Scholarship 

Class of 1983 - David P. Carmack 

Memorial Scholarship 

Lyell B. Clay Scholarship 

Cochran Family Scholarship 

Mary Tilman Corson Scholarship 

Richard S. Cross Scholarship 

Robert P. Crozer Family Scholarship 

Jeffrey Rockwell Cudlip Memorial 


Joseph R. Daniel Scholarship 

Terrence D. Daniels Family Scholarship 

Claude R. Davenport Jr. Scholarship 

Deerfield Academy Scholarship 

Brenda and Robert Dolan Scholarship 

William B. Dunavant Jr. Scholarship 

Patricia Frist Elcan Scholarship 

The Elson Scholarship 

Ernest H. and Jeanette P. Ern Scholarship 

Thomas M. Falcey Family Scholarship 

Farish Family Scholarships 

Betsey Gamble Feinour Scholarship 

T. David Fitz-Gibbon Scholarship 

Reginald S. and Julia W. Fleet 

Foundation Scholarships - in memory 

of Alexander Frederick Fleet 

Elizabeth M. Forsyth Scholarship 

William Prescott Foster Scholarship 

Harry W. Gilbert Scholarship 

Jason A. Gill Scholarship 

E. Stuart James Grant Scholarships 

James J. Griffitts Scholarship 

George G. Guthrie Scholarship 

G. Bernard Hamilton Family Scholarship 

Holbert L. Harris Foundation 


Mary Anderson Harrison Scholarship 

Hathaway Family Scholarships 

Havens Family Scholarship 

Adolphus W. Hawkins Jr. Scholarship 

Heimann Family Scholarship 

Frank and Ann Hereford Scholarship 

Molly Hereford - Susanne Smith 


C. Edward Hilgenberg Scholarship 

William M. Hill Jr. Scholarship 

Hilliard Family Scholarships 

Warren W. Hobbie Scholarship 

William A. Hobbs Scholarship 

Hollis Family Scholarship 

Holton-Arms School/Landon School 


L. David Horner III and S.W. Heischman 


Albert Gray Horton II Memorial Scholarship 

Frank W. Hulse IV Scholarship 

William S. Hunter Scholarship 

Joseph Chappell Hutcheson Scholarship 

Glenn Ireland II Scholarship 

Jefferson Scholars Alumni Scholarship 

Eugenie and Joseph Jones Family 

Foundation Scholarship 

John Paul Jones Scholarship 

Paul Tudor Jones II - to be named 

Douglas M. and Peggy Shomo Joyner 

Family Scholarship 

Roxanna and Ralph Joynes Scholarship 

KBR Foundation Scholarships 

Janice Clark Kellogg Scholarship 

Peter and Eaddo Kiernan Scholarship 

Elbert A. Kincaid Scholarship 

Chiswell D. Langhorne Jr. Scholarship 

Christopher A. Leventis - South Carolina 


George Lewis Scholarship 

Lawrence Lewis Jr. Scholarships 

William C. Lickle Scholarship 

John S. Lillard Scholarship 

4


benefactors continued 

Carl H. Lindner III Scholarship 

Mary and Daniel Loughran Foundation 


Olive B. and Franklin C. Mac Krell 


John P. March Scholarships 

Thomas E. Martin Jr. Family Scholarship 

James P. Massie Scholarship 

William A. McClung Memorial 


Middendorf Foundation - Nicholas G. 

Penniman III Scholarships 

J. Sanford Miller Family Scholarship 

Minor Family Scholarship 

E. Sclater Montague Scholarship 

B.H. Rutledge Moore Family Scholarship 

- in honor of B. Allston Moore and 

Walter Bedford Moore 

Charles V. Moore Scholarship 

Morgan Family Scholarship 

Robin Ashley Morgan Scholarship 

Stanley G. Mortimer III Scholarship 

Virginia and Alfred L. Munkres 


Thomas G. and Joy P. Murdough 


The Noland Scholarship 

Norfolk Academy Scholarship 

Olsson Family Scholarship 

John H. and Mary H. Owens Scholarship 

William G. Pannill Scholarships 

Paradis Family Scholarship 

Parents Program Scholarship 

Albert Dorset Penick Scholarship 

C.D.L. and M.T.B. Perkins Scholarship 

Joan and Philip B. Pool Jr. Family 


Probasco Family Scholarship 

Martin A. Purcell Family Scholarship 

Ralph James Quale Jr. Scholarship 

Elwood R. Quesada Scholarship 

Peter and Crisler Quick Scholarship 

Ray R. and Eunice T. Ramey Scholarship 

Jean Rayburn - South Carolina 


Kenneth and Stannye R. Reutlinger 


J. Mack Robinson Scholarship 

Roby and Louise C. Robinson Scholarship 

E. Paul Rogers Jr. Scholarship 

St. Elmo Hall (Delta Phi) Scholarship 

James Earle Sargeant - Seven Society 


Shinn-Mignerey Jefferson Scholarship 

C. Porter Schutt Scholarship 

W. Harry Schwarzschild Jr. and Kathryn 

Schwarzschild Scholarship 

S. Buford Scott - to be named 

Thomas Gillespie Scully Scholarship 

Souder Family Scholarship 

Penelope W. and E. Roe Stamps IV 


Peter W. Stott Foundation Scholarship 

(Mr. and Mrs. Peter W. Stott) 

Ann Vernon and Gilbert J. Sullivan 


Donna and Richard D. Tadler Scholarship 

Taylor-Tyree Family Scholarship 

Thanksgiving Foundation Scholarship 

Trainor Family Scholarship 

Deborah and Eli W. Tullis Scholarships 

Eli W. Tullis Scholarships 

University of Virginia Club of Richmond - 

Virginius Dabney Scholarship 

University of Virginia Club of 

Washington - Thomas B. Worsley 


Valentine Family Scholarship 

Nancy and Neal O. Wade Jr. Scholarship 

C. S. and F. F. Wright Scholarship 

L. S. Waldrop/T. Evans Wyckoff 


David C. Walentas Scholarship 

Mr. and Mrs. Gordon W. Wallace 

- to be named 

The Westend Foundation Scholarships 

The Westminster Schools Scholarship 

Westmoreland Coal Company - Penn 

Virginia Scholarship 

In memory of Mr. and Mrs. Benjamin B. 

White Sr. and Claire C. Smith 


Virginia R. and William H. White III 


Wendy Whitlow Scholarship 

William C. and Frederick W. Whitridge 


Ralph C. Wilson Scholarship 

R.E. Lee Wilson Scholarship 

Frank Gardiner Wisner St. Paul’s 


David J. Wood Scholarships 

Studie and Zach Young Scholarship 

William H.P. Young Scholarships 

Anonymous 

Anonymous 

Anonymous 

Anonymous - to be named 

Established 


Daniel S. Adler Scholarship 

The Alan and Muriel Botsford and 

Crawford and Virginia Johnson 


John and Betsy Casteen Scholarship 

G. David Cheek Family Scholarship 

Frederick C. Coble Scholarship 

W. James Copeland Jr. Scholarship 

Deming Family Scholarship 

Yvonne S. Dobbs Scholarship 

46


Daniel F. Fisher Jr. M.D. Scholarship 

Fred C. Goad Scholarship 

Brenton and Lindsay Halsey Family 


Melissa Holland Scholarship 

Ingrassia Family Scholarship 

Kaplan Family Scholarship 

Thornton Kirby Scholarship 

Eugenia R. and Myron B. Mausteller 


Thomas E. McAuley Scholarship 

C. Wilson McNeely III Scholarship 

Charles H. Morse IV Scholarship 

Oehmig Family Scholarship 

Robert H. Parsley Scholarship 

Payne-Harmon Scholarship 

Puntereri-Rose Family Scholarship 

Charles K. and Edith H. Rosenberg 


Jaybird Clare Russell Family Scholarship 

James E. Rutrough Jr. Scholarship 

W. Reid Sanders Scholarship 

Todd R. Schnuck Scholarship - to be 

named 

Todd M. Simkin Scholarship 

Taylor Brothers Scholarship 

R. Blair and Susan J. Thomas Scholarship 

C. S. Brent Winn Family Scholarship 



GRADUATE 

FELLOWSHIPS 

Endowed 

Fellowships 

Paul B. Barringer Family Fellowship 

D. N. Batten Foundation Fellowship 

Kenneth L. Bazzle Fellowship 

Trey Beck Fellowship 

Birdsall Fellowship for the Miller 

Center of Public Affairs 

John A. Blackburn Fellowship 

Brian Layton Blades Fellowship 

Irby Cauthen Fellowships 

Penny S. and James G. Coulter 

Fellowship 

Gregory L. and Nancy H. Curl 

Fellowship 

Terrence D. Daniels Family Fellowship 

Thompson Dean Fellowship - to be 

named 

Harrison Family Fellowship - to be 

named 

Mary Anderson Harrison Fellowship 

Eric M. Heiner Fellowship 

Hilliard Family Fellowship 

Douglas S. Holladay Sr. and Cary N. 

Moon Jr. Fellowship 

The Jefferson Arts and Sciences 

Dissertation Year Fellowship 

Corydon M. and Ruth Leigh Johnson 

Fellowship 

Eric P. and Elizabeth R. Johnson Family 

Fellowship 

Paul T. Jones II Fellowships 

John S. Lillard Fellowships 

H. Eugene Lockhart Family Fellowship 

Melville Foundation Fellowship 

Newman Family Fellowship 

Edward P. Owens Fellowship 

C. Mark Pirrung Family Fellowship 

Edgar Shannon Fellowships 

Marc and Nancy Shrier Fellowship 

Elizabeth Arendall Tilney and Schuyler 

Merritt Tilney Fellowship 

John E. Walker Jr. Fellowship 

James H. and Elizabeth W. Wright 

Fellowship 

Anonymous 

Anonymous 


Established 

Fellowships 

Daniel S. Adler Fellowship 

Laura S. Bailey Fellowship 

A. Macdonald Caputo Fellowship 

Doffermyre Family Fellowship 

Groundbreakers Fellowship 

John L. Nau III Fellowship 

Elis Olsson Memorial Foundation 

- to be named 

Peter and Crisler Quick Fellowship 

Harold J. and Jacquelyn F. Rodriguez 

Fellowship 

Richard G. and Alice C. Tilghman 

Fellowship 

Anonymous 


LAW FELLOWSHIPS 

Endowed Fellowships 

Chevy Chase Bank Fellowship 

The Schenck Fellowship 

Simpson Thacher & Bartlett Fellowship 

Established Fellowship 

Clay Thomas ’78 Memorial Fellowship 

DARDEN FELLOWSHIPS 

Endowed Fellowships 

John L. Colley Jr. Fellowship 

Macfarlane Family Fellowship 

Melville Foundation Fellowship 

Established Fellowships 

Inglesby Family Fellowship 

McFadden Fellowship 

4


donors 

Donors who have contributed or committed $10,000 or more to the Jefferson Scholars 

Foundation from July 1, 2009 to June 30, 2010 are listed below. 

Daniel S. Adler 

Mr. and Mrs. Lee Sanford Ainslie III 

Alumni Board of Trustees 

Anonymous* 

Mr. and Mrs. Tiffany B. Armstrong 

James J. Bailey III and Laura S. Bailey 

Robert M. Barnhart 

Mr. and Mrs. Richard M. Berkeley 

Jerry B. Bias 

Mr. and Mrs. John H. Birdsall 

J. Tyler Blue 

William F. Blue Sr. 

Shelley L. Boyce 

W. L. Lyons Brown Jr. Charitable 

Foundation 

Susanna S. Brown 

A. Cary Brown-Epstein 

C. Austin Buck 

Andrew J. Bugas 

Mr. and Mrs. Williard Bunn III 

Mr. and Mrs. Lucien D. Burnett 

A. Macdonald Caputo 

Chevy Chase Bank 

B. F. Saul II 

Cochran Family Foundation 

Mr. and Mrs. G. Moffett Cochran 

Community Foundation of Greater 

Memphis 

Mr. and Mrs. E. Todd Robbins 

Mr. and Mrs. James J. Connors 

Mr. and Mrs. Stephen S. Crawford 

Mr. and Mrs. Gary T. Crum 

Brittain B. Cudlip 

Joseph R. Daniel 

Mr. and Mrs. Terrence D. Daniels 

Mr. and Mrs. Norwood H. Davis Jr. 

Thompson Dean Family Foundation 

Michael A. DeCola 

Allison Cryor DiNardo and Robert B. 

DiNardo 

Edward J. Dobbs 

Mr. and Mrs. Everette L. Doffermyre 

Robert W. Downes 

Charles G. Duffy 

Patricia Frist Elcan 

Hugh M. Evans III 

Laurin Morgan Farrior 

Mr. and Mrs. McDara P. Folan III 

Mr. and Mrs. Thomas F. Frist 

Robert A. Gary 

Gerald J. Ford Family Foundation 

John L. Glover 

The Goad Family Foundation 

Mr. and Mrs. Fred C. Goad Jr. 

Leslie H. Goldberg 

Michael B. Goldberg 

Peter M. Grant 

Mr. and Mrs. Brenton S. Halsey 

Mr. and Mrs. H. Hiter Harris III 

Harrison Family Foundation 

Marjorie H. Webb 

Mr. and Mrs. James B. Hebenstreit 

Diane E. Heim and Charles C. Reardon 

Landon Hilliard III 

Mr. and Mrs. Jonathan J. Hirtle 

William A. Hobbs Jr. 

Lawrence D. Howell II 

Thomas V. Inglesby 

Mr. and Mrs. Glenn Ireland II 

Mr. and Mrs. James C. Jenkins 

Mr. and Mrs. Paul Tudor Jones II 

Mr. and Mrs. Leonard W. Jurden 

Mr. and Mrs. Radford W. Klotz 

KPB Corporation 

J. M. Bryan Taylor 

Shawn Taylor 

Mr. and Mrs. Curtis A. Krizek 

Mr. and Mrs. Linwood A. Lacy 

Mary B. Langenberg 

Mr. and Mrs. John S. Lillard 

Mr. and Mrs. John G. Macfarlane III 

Madison Lane and Rugby Road 

Charitable Trust 

Frank D. Kittredge Jr 

Thatcher A. Stone 

William A. Marr 

Thomas E. McAuley 

Mr. and Mrs. Cornelius P. McCarthy 

Mr. and Mrs. Gregory A. McCrickard 

Courtney Johnson McEniry 

Alan B. Menkes 

Sealy H. Hopkinson 

Mr. and Mrs. Arthur C. Mignerey 

Stanley G. Mortimer III 

Elis Olsson Memorial Foundation 

Anne O. Loeb 

C. Elis Olsson 

Inga O. Rogers 

Joseph A. Paradis Jr. Family 

Mr. and Mrs. Robert S. Parsley 

Donald E. Perry 

Mr. and Mrs. Robert S. Pitts Jr. 

Mr. and Mrs. William L. Polk Jr. 

David A. Preiser 

Mr. and Mrs. Peter Quick 

Rodriguez Family Foundation 

Mr. and Mrs. Harold J. Rodriguez Jr. 

David C. Rosenberg 

Harry C. Rosenberg 

Matthew J. Rosenberg 

Mr. and Mrs. William P. Russell 

James E. Rutrough Jr. 

Ritchie Scaife 

Buford C. Scott 

Estate of Sybil Shrier 

Todd M. Simkin 

4


Mrs. Jane Ashley Skinner and 

Mr. Peter G. Skinner 

Mr. and Mrs. Robert W. Smith 

Souder Family Foundation 

Susanna Jacobus Souder 

William F. Souder 

Wallace Stettinius 

Peter W. Stott Foundation 

Mr. and Mrs. Peter W. Stott 

Harold H. Stream III 

William R. Sullivan 

A. Wellford Tabor 

Richard D. Tadler 

Jo Ann G. Thetford 

Mr. and Mrs. R. Blair Thomas 

Lavinia H. Touchton 

Mr. and Mrs. Donald K.Truslow 

Mr. and Mrs. Eli W. Tullis 

William P. Utt 

U.Va. Club of New York 

Carlos A. Valle 

Mr. and Mrs. David N. Webb 

R. E. Lee Wilson Trust 

Mr. and Mrs. R. Halsey Wise 

*All donors wishing to remain 

anonymous are included here. 

planned gifts 

The following donors have made planned gift designations during the fiscal year July 1, 2009 to 

June 30, 2010 for the benefit of the Jefferson Scholars Foundation. 

M. Campbell Cawood 

M. Kirkman Finlay III 

William A. Hobbs Jr. 

Mr. and Mrs. David Howard 

J. Thornton Kirby 

Mr. and Mrs. Robert S. Parsley 

Patricia S. Silverman 

4


capital campaign advisory committee 2009 -10 

PETER QUICK, Chair (Engr ’78) 

Former President 

American Stock Exchange 

Mill Neck, New York 

DAVID L. BOWLIN (Col ’69) 

Memphis, Tennessee 

KIP R. CAFFEY (Col ’77) 

Managing Director 

Cary Street Partners 

Atlanta, Georgia 

A. MACDONALD CAPUTO (Col ’63, Law ’66) 

Advisory Director 

Morgan Stanley & Company, Inc. 

New York, New York 

ALLISON CRYOR DINARDO (Col ’82, GSBA ’88) 

President 

Barat Wireless & Carroll Wireless 

Alexandria, Virginia 

HUGH MCCLOSKEY EVANS III (Col ’88) 

Vice President 

T. Rowe Price Associates 

Baltimore, Maryland 

CURTIS A. KRIZEK (Law ’85) 


Prairie Capital Management LLC 

Kansas City, Missouri 

JOHN S. LILLARD (Col ’52) 

Chair 

Wintrust Financial Corporation 

Lake Forest, Illinois 

THOMAS O. MCNEARNEY III (Col ’76) 

Executive Managing Director 

Transwestern Commercial Services 

Dallas, Texas 

KERRY D. MOYNIHAN (Col ’81) 

Managing Partner 

Desmond Partners, LLC 

Washington, D.C. 

ANNA MARIA NEKORANEC (Col ’86) 


LBK Capital 

Longboat Key, Florida 

TODD R. SCHNUCK (Col ’81) 

President 

Schnuck Markets, Inc. 

St. Louis, Missouri 

THATCHER A. STONE (Col ’78, Law ’82) 

Chair and Chief Executive Officer 

xavian Holdings, Inc. 


RICHARD D. TADLER (Com ’78) 


TA Associates 

Boston, Massachusetts 

R. HOWARD TAYLOR III (Col ’73) 

Vice President 

Merrill Lynch & Co. 

Washington, D.C. 

R. HALSEY WISE (Col ’87) 

President and Chief Executive Officer 

Intergraph Corporation 

Huntsville, Alabama 

0



finance 

During fiscal year 2010, the Jefferson Scholars Foundation 

made substantial progress in recovering from the effects of the 2008 financial 

crisis, as it moved to a position of greater financial strength and stability. The 

Foundation’s financial results were positively impacted by strong endowment 

performance, substantial philanthropic support, reduced expenditures, and 

other steps taken to improve the Foundation’s financial resiliency. 

endowment return 

Through May 31, 2010, the fiscal year to-date 

endowment return was 15.1%. This growth 

has enabled the Foundation to rebuild fund 

balances severely impacted by the negative 

21% return of fiscal year 2009. Endowment 

performance coupled with new gifts and 

pledges has increased the total endowment 

balance from the approximately $202 million 

reported last year to over $212 million. While 

the endowment results have been strong, it 

will require continued positive results, additional 

gifts and pledges, and time for the 

Foundation endowment to exceed the $246 

million balance we were pleased to report 

several years ago. 

The Foundation’s long-term strategy 

has been to invest gifts and use investment 

income to support its operational expenses. 

Endowment growth is critical for maintaining 

spending power and providing resources 

to sustain and expand our core scholarship 

and fellowship programs. Today, direct 

scholarship and fellowship stipends comprise 

53% of the Foundation’s budget. To 

meet increases in the University of Virginia 

tuition and living costs, the Foundation’s 

in-state undergraduate stipends grew at 

an annual rate of 6.7% between fiscal 

years 2006 and 2011 while the out-of-state 

stipends increased by a 6.3% rate during the 

same time. Given the Commonwealth of 

Virginia’s financial situation and the expected 

continued decline in state support to the 

University, it is certainly possible the rate of 

stipend growth could continue at this pace. 

1


0perational budget 

The Foundation has proposed an $11.3 

million operating budget for fiscal year 

2011. This budget reflects an 8% increase of 

$813,000 over the prior year, an increase required 

for a full year of the Jefferson Fellows 

Center financing and operating expenses. 

Last year, we reduced the number of incoming 

scholarships to adjust for the endowment 

decline. Now that our endowment is 

once again on the rise, we plan to increase 

the incoming scholarships at a pace we 

believe the endowment can sustain, with the 

objective of exceeding 35 incoming scholars 

annually. This year we took the first steps 

toward that goal by adding an additional 

three incoming scholars. 

The fiscal year 2011 spending plan is allocated 

approximately 76.9% for direct and 

indirect programmatic support, 11.6% for 

administrative expenses, and the remaining 

11.5% for fundraising costs. Programmatic 

support is comprised primarily of the scholarship 

and fellowship stipends that cover tuition 

and fees, room and board, books, and 

living expenses. It also includes the costs of 

our scholar enrichment and recognition programs 

as well as the portion of the Jefferson 

Fellows Center financing and operational 

expenses dedicated for the programmatic 

use by the Jefferson Fellows and Scholars. 

Actual spending during fiscal year 2010 is 

expected to be approximately $485,000, or 4.7%, 

below the approved budget of $10.5 million. 

This spending decrease was due to several factors 

including a delay in occupying the Jefferson 

Fellows Center as well as ongoing attention to 

monitoring expenditures, avoiding waste, and 

streamlining operational processes. 

capital expenditures 

The Foundation’s beautiful Jefferson Fellows 

Center was completed in March 2010. We 

executed a phased occupancy by moving into 

the administration building in late November 

2009 while Foundation Hall and the Jefferson 

Fellows Center construction was still underway. 

The full cost of the project was financed through 

a combination of hedged long-term municipal 

bond financing and medium-term bank loan 

financing. 

conclusion 

Our outlook is much brighter today compared 

to this time last year. The actions taken by 

Foundation leadership in response to the 

endowment losses have borne fruit, and we find 

ourselves standing in a better financial position. 

We continue to remain optimistic about the 

future and our ability to fulfill the mission of 

the Jefferson Scholars Foundation. Thanks to all 

who have contributed to our success. 

2


finance committee 2009 -10 

The Finance Committee of the Board of Directors advises and guides the Foundation on its 

financial strategy, scrutinizes procedures and reports, and provides direction on financial planning 

and fiscal management. 

TIMOTHY J. INGRASSIA 

CHAIR 

Partner and Head of Mergers and 

Acquisitions of Americas 

Goldman, Sachs & Company 


G. MOFFETT COCHRAN 

Chief Executive Officer 

Silvercrest Asset Management Group LLC 


DOUGLAS S. HOLLADAY JR. 

Operating Partner 

Meritage Private Equity Funds 


C. MARK PIRRUNG 

Chief Executive Officer 

Atlanta Beverage Company 


PETER QUICK 

Former President 

American Stock Exchange 

Mill Neck, New York 

W. REID SANDERS 

Private Investor 

Chickasaw Partners 

Memphis, Tennessee 

RICHARD C. KELLOGG JR. 

Chair 

Basic Management, Inc. 

Houston, Texas 

3


alumni 

At the end of fiscal year 2010, the Jefferson Scholars 

Foundation’s alumni consisted of 520 Scholars and 25 Fellows who live, work, 

and learn all over the world. Many of the Foundation’s youngest alumni are 

pursuing postgraduate degrees, while their older peers are making significant 

contributions to their communities as teachers, doctors, lawyers, veterinarians, 

parents, poets, musicians, playwrights, and small business owners. Among 

them is a producer and Emmy Award nominee for a documentary on the 

genocide in Darfur and, closer to home, the recently appointed associate dean 

for undergraduate academic programs at the University of Virginia. 

Alumni are vital to the well-being of the Foundation, serving as interviewers 

on selection committees and as advisors to the Foundation on various 

boards and committees. Their philanthropic contributions help sustain the 

Foundation’s growth and development. As the newest members of the alumni 

community, every member of the Jefferson Scholar Class of 2010 made a gift to 

the Foundation in the year of their graduation. 

Dan Sloan, Melville Foundation Fellow in biology, 

conducts fieldwork in Switzerland.

THE YEAR IN REVIEW - Jefferson Scholars Foundation

Create successful ePaper yourself

Delete template?

Save as template?