The University of Toledo

UT Foundation Names Trustees and Officers, Approves Budget

Continued cost-containment measures have ensured the UT Foundation will see no increase in operating costs in the 2011 fiscal year.

Attheir June 22 meeting, Foundation trustees approved an operating budget of $1.88 million, the same total approved for 2010. The budget funds all services, including gift processing, fund management, and alumni/donor data base administration. It is funded through an administrative fee, currently 1.25 percent of the Foundation endowment’s three-year average market value.

Trustees also approved a $575,000 grant to assist the Office of Institutional Advancement’s fund-raising efforts.

The board named six new trustees: Jim Appold (MBA ‘77, MEng ‘78), president, Willard & Kelsey; Neema Bell (Law ‘86), partner, Shumaker, Loop & Kendrick, LLP; Kathy Carlson, M.D. (A/S ‘77), associate chief medical officer/senior  VP of clinical integration and medical informatics, ProMedica Health System; Kathleen Hanley (Bus ‘78, MBA ‘84), chief financial and strategic planning and business development officer, ProMedica Health System; Ron Greller (Bus ‘74), co-VP, Morris Iron and Steel/president, North East Metal and Emert Recycling Corp; and Gary Leidich (Eng ‘72, MEng ‘74), executive VP/president, FirstEnergy Generation.

Inaddition, officers were appointed for 2011: chair: Greg Kopan, president of BeaconFinancial, LLC; vice chair: Hussien Shousher (Eng ‘81), president & CEO of Gem Inc.; treasurer: Anne Marie Riley, director of pension management for Dana Corporation; and secretary: Elaine Canning (Bus ‘79), Chief Financial Officer, Phoenix Technologies International.

Two new trustees were named to the UTF Real Estate Corporation: Steve Reinbolt (A/S ‘82), member, Eastman and Smith and Charles Sullivan (Bus ‘59), retired chair and CEO, Interstate Bakeries. Jeff Miller, executive VP and general counsel, Health Care REIT, Inc., was named as the organization’s chair and Bob Hinkle, CEO, Hinkle Manufacturing, was named vice chair.