University Of Missouri College Of Engineering Foundation

THE UMCOE FOUNDATION PROVIDES GAP-FILLING RESOURCES TO HELP MIZZOU'S COLLEGE OF ENGINEERING CONTINUE ITS QUEST FOR EXCELLENCE IN MEETING CURRENT AND FUTURE CHALLENGES DURING A PERIOD WHEN STATE BUDGETS HAVE BEEN DRASTICALLY RESTRICTED FOR HIGHER EDUCATION. OUR ALUMNI AND FRIENDS OF THE COLLEGE HAVE PROVIDED VALUABLE SUPPORT FOR THESE OBJECTIVES. MIZZOU'S COLLEGE OF ENGINEERING HAS ATTRACTED FACULTY, STAFF AND STUDENTS WHO ARE NATIONALLY AND INTERNATIONALLY RECOGNIZED. FACULTY AND STAFF HAVE ACHIEVED TEACHING EXCELLENCE AWARDS FROM THE UNIVERSITY AND THEY HAVE CONDUCTED STATE AND NATIONALLY FUNDED RESEARCH. UNDERGRADUATE AND GRADUATE STUDENTS ENROLL WITH EXCEPTIONAL CREDENTIALS INVOLVED IN RESEARCH AND STUDENT PROGRAMS YEAR-ROUND. THE FOUNDATION SUPPORTS THESE FACULTY, STAFF, AND STUDENTS BY THE FOLLOWING: - PROVIDING FACILITY AND DEPARTMENTAL SUPPORT. - ESTABLISHING AND FUNDING STUDENT SCHOLARSHIPS. - PROVIDING FUNDS FOR RECOGNITION OF SUPERIOR RESEARCHERS OR TEACHERS (FACULTY, STUDENT

FACULTY, FACILITIES AND CAPITAL EQUIPMENT IN 2022, THE FOUNDATION PROVIDED 45,500 TO SUPPORT THE DEAN'S ACTIVITIES AND SEVERAL DONOR-SPECIFIED FACULTY ENDOWMENTS. THIS CONTINUES THE HISTORY OF FOUNDATION GRANTS TO BENEFIT FACULTY AND CAPITAL PROJECTS TOTALING 263,963: ACTIVITY VAN (28,812), COE FACILITIES IMPROVEMENT (23,302), LIBRARY STUDY ROOM (10,000), DEAN'S EXCELLENCE AWARDS (40,000), AND 3D PRINTERS (30,000).

OTHER AT YEAR-END 2022, THE FOUNDATION HELD 98,854 IN ENDOWED FUNDS AND USES THE UNIVERSITY OF MISSOURI ENDOWMENT POOL TO INVEST ITS FUNDS UNDER AN AGENCY AGREEMENT. THE DISTRIBUTIONS FROM THAT ENDOWMENT ACCOUNT ARE COLLECTED AND USED FOR COOPERATIVE PROJECTS WITH THE COE. SINCE INCEPTION IN 2015, THE VALUE OF THE ENDOWMENT INCREASED 14,244 OR 16.8% IN ADDITION TO GENERATING 26.8% IN DISTRIBUTIONS.

DEPARTMENTS, SCHOLARSHIPS & STUDENT ACTIVITIES IN 2022, ELEVEN DONOR-DESIGNATED STUDENT SCHOLARSHIP CONTRIBUTIONS WERE TRANSFERRED TO THE ENGINEERING SCHOOL RANGING FROM 75 TO 100,000. IN ADDITION, THE BOARD MADE A GRANT OF 35,000 FOR GRADUATE SCHOLARSHIPS. FROM THE FOUNDATION'S 2010 INCEPTION TO YEAR-END 2022, 448,745 IN RESTRICTED OR DESIGNATED DONATIONS IN THIS CATEGORY HAVE BEEN RECEIVED AND HAVE BEEN TRANSFERRED TO THE COLLEGE. THE MAJORITY OF THESE DESIGNATED DONATIONS GO TOWARDS SPECIFIC SCHOLARSHIPS, INCLUDING A SCHOLARSHIP FUNDRAISING CAMPAIGN BY THE FOUNDATION IN 2012 WHICH RAISED ALMOST 32,000. OTHERS HAVE GONE TO SPECIFIED COE CAUSES LIKE ENDOWED CHAIRS AND FELLOWSHIPS. RESTRICTED CONTRIBUTIONS ARE ALSO PROVIDED FOR DONOR- SPECIFIED DEPARTMENTAL DISCRETIONARY USE, LIKE FACULTY OR ALUMNI RECOGNITION AWARDS, STUDENT CLUB ACTIVITIES OR DEPARTMENTAL EXPENSES. MATCHING FUNDS RECEIVED FROM DONORS' EMPLOYERS ARE RESTRICTED TO THE SAME DESIGNATION AS THE DONOR SPECIFIED.

COE, DEPARTMENTAL RESERVED FUNDS SINCE ITS INCEPTION, THE FOUNDATION HAS RESERVED A POOL OF FUNDS FOR THE DEAN'S DISCRETION FOR EXPENSES NOT WITHIN THE COE'S RESTRICTED BUDGET (E.G. 2016 STRATEGIC PLAN, 2018 & 2019 EXCELLENCE AWARDS) AND ANOTHER POOL FOR DEPARTMENTS THAT PREFER DIRECT PAYMENTS FOR NON-BUDGET EXPENSES. FOR EXAMPLE, THE FOUNDATION USED RESERVED FUNDS TO PAY TRAVEL EXPENSES FOR THE SPOUSE OF THE COLLEGE OF ENGINEERING COMMENCEMENT SPEAKER IN DECEMBER 2019. TO DATE, INVOICES TOTALING 92,698 HAVE BEEN PAID ON BEHALF OF THE DEAN AND CHEMICAL ENGINEERING ACADEMY. AT YEAR-END 2022, THE FOUNDATION MAINTAINED 46,566 ON ITS BALANCE SHEET RESTRICTED FOR THE DIRECTIVES OF THE DEAN AND CHEMICAL ENGINEERING ACADEMY.