2010 Annual Report University of Alaska Foundation Promise

Letter from the Leadership
Wishes fulfilled
What a remarkable year! This past year, over 5,300 contributors joined
together to sow the seeds of promise. Your generosity provides
opportunities for Alaskans. You provided scholarships, professorships,
equipment and program support to the University of Alaska. Current and future
students, parents, employers, alumni and friends all benefit from an educated
citizenry.
The University of Alaska Foundation carefully stewards all funds entrusted to its
care. From accepting and receiving a gift, to distributing it to the benefiting student,
department or program, the Foundation takes great care to ensure donors’ wishes are
honored. After two very difficult years in the financial markets, we’re pleased to again
report positive gains in the Consolidated Endowment Fund.
New legislation clarifies how Alaska charities may administer endowments while
providing significant tax benefits for corporate contributions. And the popular
Permanent Fund Dividend checkoff provides another means by which Alaskans can
support UA programs.
Thank you for your continued investment in Alaska’s future.
Patrick Gamble, President, University of Alaska; Mary Rutherford,
President, University of Alaska Foundation; Mike Felix, Chair,
University of Alaska Foundation Board of Trustees.
UNIVERSITY OF ALASKA FOUNDATION FY10 ANNUAL REPORT 5
MIKE DINNEEN