EASTERN OREGON UNIVERSITY FOUNDATION

2010 Financial ReportOctober 15, 2011

EOU Foundation PresidentJim McMahan, ’76

EOU PresidentBob Davies

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EASTERN OREGON UNIVERSITY

F O U N D A T I O N

2010 Annual Giving Report

EOU Foundation Trustees 2010-11

James G. McMahan, ’76, President

Craig A. Nightingale, ’74, Vice President

Thomas A. Insko, ’94, Secretary

Kevin Loveland, Treasurer

Robert M. Allstott. ’85Margaret AndersonPhyllis and Fred ArnstCliff Bentz, ’74Julie BodfishCraig BrasethAudrey CareyDorothy Jean Cuthbert, ’61 † Randy Dolven, ’67Jim Garrett, ’65David GilbertJoanne Glenn-Wiseman, ’57C. Joseph GroverTony GroverWilliam HermannRichard HermensJack L. Johnson, ’72Steven J. Joseph, ’72Mary Jo Lemon, ’67Terry Lemon, ’69James LundyColby Marshall, ’99Gail McAllister, ’62Robert MoodyPatrick NearingMel Ott, ’64Valerie Royes, ’64Rodney SandsJack Schut, ’69Wayne Simonis, ’74R. Doyle SlaterGreg Smith, ’94Bradford StephensRobert Terry, ’51Debra Watterson, ’79Neil Watterson, ’77Dennis WilkinsonPeter WordelmanJay WylamArlene Young, ’53

† Deceased

T A B L E O F C O N T E N T S

1 Eastern Oregon University Foundation Trustees 2010-11

2 Eastern Oregon University Foundation Year in Review

5 Honor Roll of Donors

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Summary Expenditures by Purpose – All Restrictions

Eastern Oregon University Foundation2010 Financial ReportIn 2010, the EOU Foundation provided over $200,000 for scholarships to students at EOU and partner institutions OSU, OHSU, BMCC and TVCC. The Foundation finished the last fiscal year with new cash gifts totaling close to $1,000,000. Thank you for your continued support!

STATEMENT OF FINANCIAL POSITIONDECEMBER 31, 2010*

ASSETSCash $ 1,314,243Accrued interest receivable 640Trade settlement receivable 24,494Investments 4,962,130Pledges receivable, net 1,676,863Beneficial interest 169,426Property and equipment, net 1,311,789Intangible assets, net 4,933 _____________Total assets $ 9,464,518 _____________ _____________

LIABILITIES AND NET ASSETSLIABILITIES: Security deposits $ 1,100 _____________Total liabilities $ 1,100 _____________ _____________NET ASSETS: Unrestricted: Undesignated $ 190,392 Designated by Board 499,015 Temporarily restricted 4,020,401 Permanently restricted 4,753,610 _____________Total net assets $ 9,463,418 _____________Total liabilities and net assets $ 9,464,518 _____________ _____________

2010SummaryofExpenses

Events

ContractedServices

Postage

Prin2ng

SuppliesandServices

StudentAid

Telephone/Adver2sing/Insurance/Misc

Training&Travel

*The Oregon Agriculture Foundation (OAF), is recorded as a subsidiary of the EOU Foundation in the financial statements. The OAF is a charitable organization founded for the purpose of providing financial support to the EOU Foundation to help further agriculture studies.

2010SummaryofExpenses

Events

ContractedServices

Postage

Prin2ng

SuppliesandServices

StudentAid

Telephone/Adver2sing/Insurance/Misc

Training&Travel

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The Eastern Oregon University Foundation Year in Review

Statement of ActivitiesFor the Year Ended December 31, 2010

Temporarily Permanently Unrestricted Restricted Restricted TotalREVENUE AND GAINS Contributions $ 112,081 $ 151,630 $ 2,061,262 $ 2,324,973 Investment income (loss) 107,502 297,246 - 404,748 Administrative assessments 30,445 - - 30,445 Special event revenue 15,791 7,740 - 23,531 Crop and timber income - 96,301 - 96,301 Rental income - 14,337 - 14,337 Net revaluation of split-interest agreement - - 9,700 9,700 Other revenue 9,280 58,174 - 67,454 _____________ _____________ _____________ _____________Total revenues and gains 275,099 625,428 2,070,962 2,971,489 _____________ _____________ _____________ _____________

NET ASSETS RELEASED FROM RESTRICTIONS: Expiration of program and time restrictions 274,278 (274,278) - - _____________ _____________ _____________ _____________ Total revenues, gains and other support 549,377 351,150 2,070,962 2,971,489 _____________ _____________ _____________ _____________

EXPENSES Administrative and general 143,876 - - 143,876 Fundraising support 111,952 - - 111,952 Other University support 299,503 - - 299,503 _____________ _____________ _____________ _____________Total expenses 555,331 - - 555,331 _____________ _____________ _____________ _____________

Increase (decrease) in net assets (5,954) 351,150 2,070,962 2,416,158 _____________ _____________ _____________ _____________ Net assets, beginning of year, as previously reported 694,228 3,757,014 2,596,018 7,047,260

Prior Period adjustment 1,133 (87,763) 86,630 - _____________ _____________ _____________ _____________ Net assets, beginning of year, as adjusted 695,361 3,669,251 2,682,648 7,047,260 _____________ _____________ _____________ _____________

Net assets, end of year $ 689,407 $ 4,020,401 $ 4,753,610 $ 9,463,418 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________

FOUNDATION ACCOUNTING POLICIES: The EOU Foundation’s financial statements are presented in con-formity with Generally Accepted Accounting Principles (GAAP). The preparation of financial statements in con-formity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual amounts could differ from those estimates.

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Matching GiftsBoise Cascade CorporationGlobal ImpactUnion Pacific Fund for Effective Govt

Gifts-in-KindFitzgerald FlowersRobert DaviesSafeway, Inc La Grande StoreBellavita, IncColleeen and Jeff Johnson

Memorial GiftsIn memory of Donald DavidsonIn memory of Joy DobbinsIn memory of Catherine Mead FallowIn memory of William Frazier

In memory of John GroupeIn memory of Patsy HutchinsonIn memory of Darlena HargettIn memory of Nancy KerleyIn memory of Erros OsterlohIn memory of Paul RuddIn memory of LaRena Hallmark SoresonIn memory of Dylan SteigersIn memory of Mary Ruth Green TroyerIn memory of Francis TubbIn memory of Robert WilkinsIn memory of Gary Webster

Corporate SponsorsLes Schwab Tires - La GrandeAramark Dining ServicesCommunity BankRed Cross Drug StoreBanner Bank

Legacy Ford Lincoln MercuryMamacitas Grill LLCFrontier Communications

New FundsInternational Student Crisis Quasi-endowed Scholarship FundUnion County Cattlemens Association

ScholarshipDylan Steigers Memorial Scholarship

FundArizona Student Recruitment Scholarship

Fund (2011-2012 award only)Donald and Zola Dunbar Endowed Scholarship FundHilo High School Recruitment FundLee and Beth Insko Scholarship Fund

2010 Donations by Constituency Type

Alumni26.96%(299Donors)

MountaineerAthle8cAssocia8on9.44%(56Donors)

CorporateSponsor3.70%(5Sponsors)

Current,Re8redandFormerFacultyandStaff2.62%(37

Donors)

Founda8onsandMatchingGiJCo.5.86%(12Donors)

ParentsandFriend8.43%(118Donors)

President'sClub‐AllCategories42.98%(10Donors)

2010 Donations by Constituency Type

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$100,000 and overEstate of Gordan CochranEstate of Joy Dobbins

$50,000 - $99,999Susan and Mike DaughertyDon and Zola Dunbar

$20,000 - $49,999AnoymousPatricia CashellToby ClausonOregon Agriculture Foundation

$10,000 - $19,999 Cunningham Sheep CompanyBob and Cindy DaviesHoke RanchesNolin Farming Co.Reed & AssociatesSeydel, Lewis, Poe, Moeller, & Gunderson, LLCBeau and Michelle Willadsen

$5,000 - $9,999Boise Cascade CorporationBob PeshallCraig and Elena NightingaleDr. Sandra K. EllstonJosephine TopholmShon and Andrea PahioThe Water Walking Foundation

$2,500 - $4,999Becker FamilyDenver and Jean GinseyDixie and Ed LundJames and Connie VoelzLa Grande Country ClubLoveland Funeral ChapelMichael and Marilyn Jaeger

$1,000 - $2,499 A and A MotorcoachStephen and Jennifer AdkisonMike and Bobbie AllstottPeggy AndersonAvista FoundationPhil and Eloise BeauchampAnne BillingRob and Heather CashellCamille Consolvo and Mike Dannells

Muriel DanforthMike and Susan DaughertyEastern Oregon Nurse Executive CouncilCapt. and Mrs. Michael FergusonFrontier Motors, Inc.Furniture West, Inc.GCT Land Management Inc.Thomas K. GeraciCarolyn and Dave GilbertSteven and Mindy GilmoreGrande Ronde Chiropractic CenterWilliam E. GunnSteven HunsakerTom and Emily InskoColleen and Jeff JohnsonJack and Patricia JohnsonHolly and John KerfootDavid E. KerleyEllen KriegerJon and Kristen LarkinCarol and Dale LauritzenMary Jo and Terry LemonJim and Judy LundyShelley and Colby MarshallLowell and Susan MastersMcMahan Family DentistryJim and Rita McMahanBob and Bev MoodyJanice NeelyJohn PattersonLanetta S. PaulDana and Shari ReddingtonREMAX Real EstateRiverside GreensVal and Geo RoyesRod and Sheila SandsKaren SchimmelShawn Mangum of Edward D. Jones & CompanyShort StopGreg and Sherri SmithClara and Ben StenkampDr. Bradford and Anne StephensFrances TubbsPeter Wordelman and Lisa LadendorffMrs. Arlene Young

$500 - $999Associated Academic ProfessionalMr. John W. BroomeMoe and Lynda Chester

City of Island CityColumbia FitnessElizabeth CooperMr. Jack DaughertyRichard and Sharon DaviesDonna and Bob DetrickDoris and Matt DohertyJan and Steve FoltzLoris and Leonard HaldorsonMr. Edward Carl HolterGreg and Julie HowardPat and Joan KellyVirginia KeyCarol and Laurence KrollMr. Herman R. LawsonGail and Jack McAllisterMcDonald’s of La GrandePatricia McManus BrandPat McPherrenPatrick Nearing and Barbara ZukinNight Fright Productions, LLCPeter Nilsson and Becky Hamann-NilssonAnne and Gary OlsonOregon Coast Council for the ArtsRonald and Linda PalmerChloe and Frank PearsonDr. E. Robert and Shirley QuinnJohn and Jean ReinkingDouglas ReynoldsScott and Lela RosinJulie and Arnie SaltvickTim and Tressa SeydelDoyle and Connie SlaterKermit and Linda StineRobert StuartCarol and James TannerRobert and Maria Anne TolarUnion County Cattlemens AssociationWestern Communications, Inc.Joanne Glenn Wiseman and Jim Wiseman

$250 - $499 Phyllis and Fred ArnstDennis and Cathy BarnettJoan BatesGary and Sheila BoresKenneth and Karen BorkGary and Charlotte BrockwayThomas and Peggy CashellMrs. Barbara G. Chadwick

Chris CroninBernard and Jean Marie DamonPhyllis DavidsonDynamic Pizza, Inc.Denny and Mary EvansRichard and Cindy FinlaysonFins and Feathers TackleRobert and Shirley FullertonWalter and Velva FultonDr. Richard and Mrs. Mary Margaret GieverLarry and Patty GlazeBill and Rosie GrothFlint and Colleen HollandLee and Beth InskoMary KozaJack and Sandy LaneBud and Lorene LewisJudith LutzJerry and Kathryn McCarthyRobert and Connie MeierMike and Linda MooreMrs. Sarah and Dr. David MooreMountain Valley Therapy, IncJohn Nightingale and Jacquie GijssenMelanie NoellOregon Health & Sciences UniversityGregory and Eva OvesonMr. Bob PierceDrinda PrestonJohn and Becky PrestonNorris and Lucy PreyerR. D. Mac, Inc.Romano and Linda RomaniLinda SettjeJim and Judy SeydelCharles and Andrea StineUnion Pacific Fund for Effective GovtBill and Beverly WhiteProf. Jeff WoodfordDale and Lorrine Wordelman

$100 - $249Arden and Janet AbelCarey and Heather AllisonAnonymousAnderson, Perry & Associates, Inc.Michael and Adelaide AndrewsCurt and Carla ArchambaultArtsEastRich and Nancy AtteburyDouglas and Wadonna Bansch

Honor Roll of DonorsThe EOU Foundation wishes to recognize and thank all of our donors in 2010. The following list recognizes each donor who gave to the Foundation, including gifts to the EOU Mountaineer Athletic Association and the many other organizations at the University. Donors are listed by the total amount given in 2010.

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Rebecca BarkerLois and John BarryLoretta L. BeesonCliff and Lindsey BentzDonna and Arleigh BergetWillard BertrandJimmy and Pauline BierJulie and John BodfishBiruta BonannoRoberta BorgonovoMary and Mark BousquetJeanne and Jeffery BowdenRegina Braker and John McCallumDale and Janet BridgesKathryn BurtStephen ButskoDoug and Carol CampbellAudrey CareyBud and Annie CarpenetiKaren CarterHeather and Rob CashellRich CasonNathaniel and Katlin CauffmanMrs. Orella ChadwickDr. Kenneth and Ellen ChasteenGinger and Jeff ChurchAllan and Edytha ClaudsonBud and Elaine CockrellKent and Priscilla CoeComfort Dental LaboratoryJean and Neil CooperMatthew Cooper and Sharon PorterDaryl and Marjean CoreyTerry and Joanie CoreyKathleen DahlBarbara and Richard DanielSherry L. DeedsDale and Jackie DeLongKyla and Doug DickersonJustin and Gabrielle DiedrickAnna Maria and Dwight DillRandy and Cheeta DolvenRichard Domey and Diane GillespieElsie DonaldsonVes and Lois DotyJoyce and Kenneth EdgmonDianne and Rob EllingsonMarvin E. EndicottTony Joe EscaleraH Janet EustaceSharon Evoy and Jerome SebestyenRobert Fallow, Jr.Gary and Marilyn FeaselDonna Jo FitzgeraldJeff and Helen FordIna and Robert FraserCharles Frasier

Marty and Mike FrasierClaudia FredricksJanis FriedlyEvelyn FullerJulie GassnerKen and Elaine GermanSusan GerryDennis and Martha GlaserAngela and Frank GoodJackie and Steven GrantCarolyn and David GreenRobert and Pam GreenDonald and Naomi GriegerHendrick and Marjorie GrootendorstJoe and Carrie GroverJamie Jo and Anthony HaddockLarry and Pam HaddockTricia HaddockJanie and Mike HaightDavid and Veda HallJanice and Lynn HarrisLeslie and Joel HasseCamille and W.B. HawkinsBetsy HayfordMargaret HeadJosie and Rollie HeathMary Jane and Gary HendersonWayne HeraldAnonymousLinda and Steve HowlandJeff and Faith HurlimanBetty and Ray HydeJack JenkinsConnie and David JohnsonLeonard and Mary KennedyWayne KimballMrs. Emi A. KoeAndrew and Zona KoopmanKen and Beccy KramerJune LeafgrenVickie and Gary LeeMary LewisMr. and Mrs. Harold LiesegangShannon and Marshall LynnCorey and Mandi MaagDavid and Ginger MackieDale and Ginny MammenMark MathesJessie MaxonCarol and John MayKarolyn and Robert Mc MillanStevan McNallyKate and David MedillMark and Sheri MirandaJoel MoerschGreg MonahanRuben and Judith Moore

Genie and Paul MortensonJoeann Revis MurphySherry and Jeffrey NakanoDr. Neva NeillLyle and Suzanne NelsonPeggy and John O’MalleyOregon WirelessMel and Diantha OttLinda B. OverlockToni PainterBetty and Rob PalmerGerry and Gene PalmerEarl and Eileen PerkinsLinda and John PetersonJudith and Ted PitsarosRosemary PowersCarolyn PrescottDiane and Michael QuanbeckGerald RameyJason ReyesRoger RielBetty RietmannShirley and Chris RobertsRuby Ann RohdeJames and Mary RoseMargaret and Earle RotherMadonna RudderRobert and Mary Ann SanteeDoc and Mickey SavageRobert Schlimgen and Susan SchoutenJim and Leslie SchwartzJerry and Elaine SherwoodNasser Shoaee and Terri ChandlerChristine and Larry SilvesJeffrey and Pamela SmithNathan and Joyce SmithScott and Christine SmithJolynne and John SpencerGordon and Rhonda SyphersStephen Tanner and Laura MahrtTheodore Taylor and Denise StoneGlenn and Peggi TimmMick and Susan TolarKatie TownsendEllie and Rick TymerValley Concrete Pumping, LLCCarol VedderVictor and Carol WalchCharlotte and Warner WasleyMs. Ella Mae WatsonDale WhiteWes and Lynn WhittemoreDerrick and Megumi WhittleGary and Gail WilhelmsTom and Patricia WinnSarah and Joseph Witte

Marie and Mark WyzgalaYI Farms, Inc.Peggy and Dale Young

Up to $99Steven AlexanderBruce and Kathryn AndersonJulie and Bob ArmstrongHoward and Victoria BaileyLinda BannisterJohn and Lois BarryDr. Suzanne BattagliaJudy and Charles BeckerWilliam BensonDr. Mathias and Mrs. Amy BergmannBrenda BradyJimmie and Patricia BrandlCatherine and Allen BrogoittiMary Ruth and Theodore BrownGerda BrowntonRobert and Della Jean BurgessMolly and Norman BurkePatrick and Kathleen BurkeDaniel and Elizabeth BurtonLaura and Sam ByrnesCarol and Doug CampbellDale and Ellen CampbellMr. Jim CarlsonAnna CavinatoJeff and Ginger ChurchNicole and Craig CodrJohn and Constance CollinsPatricia and Stewart ColpittsMarguerite CooneyCarol CounsellMary CrittendenKerry CrowstonErin CulleyTim and Margaret DalyLeroy and Mary DamewoodChris and Lisa DanticRuth DavenportMargaret DavidsonHelen DeatherageWilliam and Sharon DeLashmuttShari DePauwJoella DeVillierSteven DexterIca DolvenBud and Jeanette DownRobert and Jackie DownieDavid DrexlerCarl and Mary Lee DutliLinda ElegantLoretta EllenburgAllen EvansMarilyn Ewing

Honor Roll of Donors cont.

Eastern Oregon University FoundationUniversity Advancement

One University BoulevardLa Grande, Oregon 97850-2807

541-962-3740541-962-3680 Fax

Web site: www.eou.edu/foundation

E-mail: foundation@eou.edu

Investment ConsultantUS Bank Charitable Services Group

Portland, Oregon

Independent AuditorsRead & Bose, PC

Pendleton, Oregon

Independent AccountantsSeydel, Lewis, Poe, Moeller and Gunderson, LLC

La Grande, Oregon

Marilyn and Peter FallowR.R. and M.S. FayLorri and Ricky FischerMary Lou FletcherBruce and Neena GabrielleJanet and Tim GallagherChris GallegosThorsten GeisslerVivian GilesTheresa and Charles GillisCharlene and Ralph GiuffreRobert and Delorris GossMary GravenJohn and Cindy GroupeCarol and Richard HaddockPatricia C. HaffeyKaren and Toney HamiltonAmy HammontreeMerle HancockHoward and Sally A. HansenThelma HansenRalph and Phyllis HartAllen and Karen HaselKent and Holly HaslamJames HatchMarjorie and Richard HaynesJoanna HenrichsenBill HettickLaurose HibberdAnonymousChuck HollidaySheila HolmanDr. Gerald and Mrs. Mary Martha HopkinsLarry and Patti HowardBeverly and Carl Iseri

Aaron JacksonKaren JohnsonMichael and Anne JohnsonAnn and Brian JonesMelanie JonesLinda B. KahutDouglas Kaigler and Melissa OverMary and Mark KarlBonnie KearnsEllen KelleyTy KimeKaren and Dave KingNita and Dan KinneyNancy KnowlesJudd and Kathleen KoehnThomas KogerDennis and Karey LawrenceDenise LeidyKen LillyS LindsayGailya and Stanley LudviksenGrace and Robert MadsenRob and Joan MadsenMr. and Mrs. D.C. ManskeMike and Kelly MartinWilliam and Betty MartinScott MatthewsMike and Shari McCallJack and Barbara McCownSally and Mike McCrawRichard McDonaldLinda McFarlandMichael McGuireD.H. and S.A. McIntyreRandy and Shawna McKinnisGary Miller

Verl and Marilyn MillerDavid MormanEdward MosimanDana MusgroveBarbara and Berle NashCory NelsonJoseph and Vicki NeveauCaroline NoreliusPatricia A. OdomDorothy and Lewis O’MohundroGerald and Susan OstrerSandra and John OttDebbie and Dan OwensJohn and Tamalyn PageLaVern PartlowMr. Frank Scott PayneSusan PeeplesMark and Susitna PetersonMichael and Mary Jane PierceVernon and Mary PoundMrs. Audrey PuscasAmy Rankin-MalloyRosalie and Regis RaujolArthur ReiffMary and Gary RichardsDella and Jerry RichmanJohn RinehartMargie RoundMrs. C. Audrey RowlandJack and Grace RyeDiane and Charles SaundersProf. Sam C. SaundersJean and Steven SchieweMark ShadleEdwin and Muriel ShaulGerradette and John Silveira

Nikki and Ken SkipperRenee SmithTeresa and Craig Smith-DixonKim SorensenWayne and Vickie SpencerTonia St. Germain and Kenneth BushJoan StaabJudy SteeleSuzanne and Leonard StevesonBetty StewartRobert StubblefieldRobert SundermanSarah SwansonPriscilla SynanTerry and Kathreen ThimmesDena ThorburnCheryl ThorntonJohn Thurber and Janet CreminGus and Jeanette TsiatsosFrank and Caroline WardKarla WebbCharles T. Weeks, M.D.Robin WeinmanSusan Lindstrom and Stan WeiperSally and Michael WiensMichael and Debra WilkinsLorna Williamson and Mark TippermanSara Jane WilliamsonSarah J. WilmotCarol and Doug WinnDonald Wolff and Susan WhitelockFlorence WorkmanDoug and Kerrie Wylam

* Denotes anonymous donor

Honor Roll of Donors cont.

Every effort has been made to acknowledge all gifts received by the Foundation. If you have any questions or concerns please contact our office.