RevenuesInterest, Dividends andGains on Investments1.6%Private Gifts and Grants9.5%Auxiliary Enterprises17.7%Miscellaneous1.6%Total Revenues(As of 6/30/05 Close of Fiscal Year)$38.2 millionStudent Tuitionand Fees (Gross)69.6%ExpendituresStudent Services13.4%Administrative & General14.8%Instructional, Library& Academic Support31.9%Total Expenditures(As of 6/30/05 Close of Fiscal Year)$35.7 millionStudent Aid(Scholarship & TuitionAllowances)24.7%Auxiliary Enterprises15.2%Endowment History$12M$10M$8M$7.199M$8.159M$8.129M$8.678M$8.130M$7.611M$8.106M$9.981M$10.633M$6M$4M$4.145M$5.533M$2M$0’94-’95 ’95-’96 ’96-’97 ’97-’98 ’98-’99 ’99-’00 ’00-’01 ’01-’02 ’02-’03 ’03-’04 ’04-’05 <strong>Methodist</strong> <strong>College</strong> Annual Report <strong>2005</strong>In Millions of Dollars (As of 6/30/05 Close of Fiscal Year)
A Portrait of GivingThere are a handful of special people in this world whose lives impacteveryone they touch in a positive way. Dr. Bill Lowdermilk was one of thosepeople.his retirement. In fact, in 2004, he helped establish a Bible study for golfmanagement students titled “In His Grip.” He was also very involved withthe Fellowship of Christian Athletes and Men’s Bible Study.Dr. Lowdermilk did not intend to spend his life in theworld of education. Rather, he attended Duke <strong>University</strong>,earning a bachelor’s degree in divinity and was ordainedas a <strong>Methodist</strong> minister. Still, when his bishop asked himto go and help a young <strong>Methodist</strong> <strong>College</strong> get on its feet,he answered the call, and <strong>Methodist</strong> <strong>College</strong> became hismission field.Dr. Lowdermilk was employed with <strong>Methodist</strong> <strong>College</strong> from1963 until his retirement in June 1995 as vice presidentof Church and Community Relations. He served under allthree of the <strong>College</strong>’s presidents. <strong>Methodist</strong> <strong>College</strong> studentswere his passion and his family, earning him the moniker“Uncle Bill.” He was known for hosting student gatherings rich with greatfellowship and wonderful desserts. These gatherings continued even afterThe Rev. Dr. William P. Lowdermilk(1933-<strong>2005</strong>)During his life, Dr. Lowdermilk made modest gifts to<strong>Methodist</strong> <strong>College</strong>. He established two small endowments,which he added to over the years, to eventually fund ascholarship and an award in his name.Dr. Lowdermilk was not born into a family of great financialmeans. This was not a man who should have been able toleave <strong>Methodist</strong> <strong>College</strong> over $1 million dollars in his will,yet he did, largely by living a life of frugality. His scholarshipand award endowments are well-funded and will continueto impact the lives of countless <strong>Methodist</strong> <strong>College</strong> students.<strong>Methodist</strong> <strong>College</strong> salutes “Uncle Bill” Lowdermilk for alifetime of service and giving to the <strong>Methodist</strong> <strong>College</strong> family. His life trulywas a portrait of giving.In Memoriam<strong>Methodist</strong> <strong>College</strong> has been blessed with a family of caring individuals who have helpedshape and make the <strong>College</strong> what it is today. We bid a sad farewell to a number of thoseindividuals in <strong>2005</strong>. The <strong>College</strong> pays tribute to those listed below and others whosenames may have been missed for their caring spirits and generous hearts.Mr. Henry C. Campen, Sr. Aug.16, <strong>2005</strong>A faithful friend and supporter of <strong>Methodist</strong><strong>College</strong>, Mr. Campen was honored in 2004for 45 years of annual consecutive giving tothe <strong>College</strong>.Mrs. Margaret T. Clark Nov. 26, <strong>2005</strong>Mrs. Clark was a devoted friend andsupporter of the <strong>College</strong>. Her husband,Walter Clark, served on the <strong>Methodist</strong><strong>College</strong> Board from 1981 until his death in1997. An endowed scholarship and Walterand Margaret Clark Hall (which houses theCharles M. Reeves School of Business andEconomics) are named in their honor.Dr. Anthony J. “Tony” DeLapa Jan. 6, <strong>2005</strong>Dr. DeLapa served <strong>Methodist</strong> <strong>College</strong>from 1989 through 2003 as a professorin the Education Department, chair of theEducation Department, vice-president ofAcademic Affairs and academic dean of the<strong>College</strong>. The Anthony J. DeLapa Art Awardis named in his honor.Mr. Samuel Reese Edwards, Sr. April 21, <strong>2005</strong>Mr. Sam Edwards joined the <strong>Methodist</strong><strong>College</strong> staff in 1960 as registrar, director ofAdmissions and Financial Aid, and physicaleducation instructor. He was employed for14 years until his retirement in 1974.Dr. J. Nelson Gibson, Jr. April 18, <strong>2005</strong>Mr. Gibson was a member of the original<strong>Methodist</strong> <strong>College</strong> Board of Trustees,serving from 1956 through 1965, then from1969 through 1987. He remained active withthe <strong>College</strong> and earned trustee emeritusstatus in 1988.Dr. Bert Ishee Nov. 16, <strong>2005</strong>A devoted friend and supporter of <strong>Methodist</strong><strong>College</strong>, Dr. Ishee served as president ofthe <strong>Methodist</strong> <strong>College</strong> Foundation in theearly years of the <strong>College</strong>. His wife, JeanIshee, was one of the first faculty membershired at the <strong>College</strong> and served as chair ofthe Fine Arts Department.Mrs. C. Wallace Jackson(Garnett “Pinkey” Jackson) Sept. 28, <strong>2005</strong>Mrs. Pinkey Jackson was a founding memberof the Fayetteville <strong>College</strong> Foundation,which later became the <strong>Methodist</strong> <strong>College</strong>Foundation. A lifelong friend of the <strong>College</strong>,she participated in the <strong>College</strong>’s LoyaltyDay for many years.Dr. Pauline Longest Nov. 1, <strong>2005</strong>An assistant professor of biology, Dr.Longest taught botany and other biologycourses at <strong>Methodist</strong> <strong>College</strong> from 1962through 1979. She was given assistantprofessor emeritus status following herretirement. The Pauline Longest EducationAward and Pauline Longest Nature Trail arenamed in her honor.The Rev. Dr. William P. Lowdermilk July 18, <strong>2005</strong>An employee of <strong>Methodist</strong> <strong>College</strong> for32 years, Bill Lowdermilk worked as theassistant director of Public Relations (1963-68), director of Public Relations (1968-74),assistant to the president (1974-77) andvice-president of Church & CommunityRelations (1977-95). In 1997 Dr. Lowdermilkbecame a member of the <strong>Methodist</strong> <strong>College</strong>Board of Trustees. An ethics seminar,scholarship, achievement award, alumnigolf tournament and the main street in to the<strong>Methodist</strong> <strong>College</strong> campus are all named inhis honor.Mrs. Jane Peyrouse April 16, <strong>2005</strong>Mrs. Peyrouse was a long-time friend andsupporter of the <strong>College</strong>. Her husband, JackPeyrouse, was on the faculty of <strong>Methodist</strong>Major Gifts<strong>College</strong> from 1977 through 1996 and servedas chair of the Theatre Department.Dr. Lorenzo P. “Joe” Plyler Nov. 9, <strong>2005</strong>Hired as professor of religion in 1966, Dr.Plyler served <strong>Methodist</strong> <strong>College</strong> for almost20 years. He also served as head of theDepartment of Religion and Philosophy andthe Division of Humanities.Mr. Charles H. Von Rosenberg Oct. 29, <strong>2005</strong>Mr. Von Rosenberg established theaccounting firm of Haigh and VonRosenberg—the <strong>College</strong>’s original auditors.A faithful supporter of the <strong>College</strong>, he alsoserved as an organizer and board memberof the <strong>Methodist</strong> <strong>College</strong> Foundation.In <strong>2005</strong>, the <strong>College</strong> received gifts of $1,235,000 from Mr. Shelby M. C.Davis and Mrs. Gayle L. Davis (Davis World Scholars Program) committedto students attending <strong>Methodist</strong> <strong>College</strong> from one of the ten United World<strong>College</strong>s located around the world.The Rev. Dr. William P. Lowdermilk, a member of the <strong>College</strong>’s Board of Trustees,left the <strong>College</strong> an estate gift of $1,010,627 designated for endowment. Dr.Lowdermilk had worked at <strong>Methodist</strong> <strong>College</strong> for 32 years before he retired inJune 1995 as vice president of Church and Community Relations.Wachovia Bank, through The Wachovia Foundation, committed to a giftof $250,000 to establish the Wachovia Scholars Program, a distinguishedmerit program for students from North Carolina who demonstrate highacademic achievement, leadership qualities, commitment to communityservice and good citizenship.<strong>Methodist</strong> <strong>College</strong> Annual Report <strong>2005</strong>
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