INVEST IN BETTER FUTURES

2014 ANNUAL REPORT

® 2014 ANNUAL REPORT 1

UNCF-MEMBER INSTITUTIONS ALLEN UNIVERSITY Columbia, SC

MOREHOUSE COLLEGE Atlanta, GA

BENEDICT COLLEGE Columbia, SC

MORRIS COLLEGE Sumter, SC

BENNETT COLLEGE Greensboro, NC

OAKWOOD UNIVERSITY Huntsville, AL

BETHUNE-COOKMAN UNIVERSITY Daytona Beach, FL

PAINE COLLEGE Augusta, GA

CLAFLIN UNIVERSITY Orangeburg, SC CLARK ATLANTA UNIVERSITY Atlanta, GA

PHILANDER SMITH COLLEGE Little Rock, AR RUST COLLEGE Holly Springs, MS

DILLARD UNIVERSITY New Orleans, LA

SAINT AUGUSTINE’S UNIVERSITY Raleigh, NC

EDWARD WATERS COLLEGE Jacksonville, FL

SHAW UNIVERSITY Raleigh, NC

FISK UNIVERSITY Nashville, TN

SPELMAN COLLEGE Atlanta, GA

FLORIDA MEMORIAL UNIVERSITY Miami, FL

STILLMAN COLLEGE Tuscaloosa, AL

HUSTON-TILLOTSON UNIVERSITY Austin, TX INTERDENOMINATIONAL THEOLOGICAL CENTER Atlanta, GA JARVIS CHRISTIAN COLLEGE Hawkins, TX JOHNSON C. SMITH UNIVERSITY Charlotte, NC LANE COLLEGE Jackson, TN LEMOYNE-OWEN COLLEGE Memphis, TN LIVINGSTONE COLLEGE Salisbury, NC

TALLADEGA COLLEGE Talladega, AL TEXAS COLLEGE Tyler, TX TOUGALOO COLLEGE Tougaloo, MS TUSKEGEE UNIVERSITY Tuskegee, AL VIRGINIA UNION UNIVERSITY Richmond, VA VOORHEES COLLEGE Denmark, SC WILBERFORCE UNIVERSITY Wilberforce, OH WILEY COLLEGE Marshall, TX

XAVIER UNIVERSITY OF MILES COLLEGE LOUISIANA Birmingham, AL New Orleans, LA 2  UNCF: INVEST IN BETTER FUTURES®

UNCF DIRECTLY SUPPORTS

37

MEMBER HBCUs.



CONTENTS 1 A MESSAGE FROM DR. MICHAEL L. LOMAX AND WILLIAM F. STASIOR

INSPIRE

18  UNCF: BRINGING COMMUNITIES TOGETHER FOR BETTER EDUCATION

IMPACT

19 SUPERSTARS AND STUDENT RISING STARS SHINE AS UNCF AN EVENING OF STARS® COMES HOME TO ATLANTA

6 CELEBRATING 70 YEARS OF TO AND THROUGH COLLEGE: UNCF’S 70TH ANNIVERSARY “A MIND IS...” GALA

21 WILLIAM H. GRAY III (1941-2013): THE MINISTER, CONGRESSMAN AND LEADER WHO TRANSFORMED UNCF AND EDUCATION

8  THE NEW ORLEANS UNCF MAYOR’S MASKED BALL: A RECIPE FOR EDUCATION

22 SYD HOFF: A LEGACY OF DEVELOPING YOUNG MINDS

9  HBCUs: ENGINES OF DEVELOPMENT IN A REBUILDING ECONOMY 10 HOUSTON TURNS OUT FOR UNCF STUDENTS: THE UNCF “A MIND IS...” GALA

INNOVATE

INVEST

24 HOW DO YOU IMPROVE ON SUCCESS? UNCF’S ENHANCED NEW “A MIND IS...” PSA CAMPAIGN 25  WALKING THE WALK: THE DETROIT UNCF WALK FOR EDUCATION



12 THE UNCF STEM ICE PLATFORM INITIATIVE: STEM-TO-MARKET TO MEET THE CHALLENGES OF NEW TECHNOLOGY AND THE NEW ECONOMY 14 THE GATES MILLENNIUM SCHOLARS PROGRAM: TRANSFORMING PROMISING STUDENTS INTO A DIVERSE NEW GENERATION OF LEADERS 15  THE UNCF COLLEGE ACCOUNT PROGRAM: VISIONARY PROGRAM, VISIONARY PARTNER

26 INVESTING IN BETTER FUTURES®: ONE PAY PERIOD AT A TIME 27 PARENT PLUS LOANS: UNCF AND HBCUs SPEAK AND THE GOVERNMENT LISTENS 28 LOWE’S AND UNCF’S CAMPAIGN FOR EMERGENCY STUDENT AID: A LIFELINE FOR STUDENTS WITH UNANTICIPATED NEEDS 29 MAJOR DONORS 41 FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT

2014 ANNUAL REPORT 5

A MESSAGE FROM DR. MICHAEL L. LOMAX AND WILLIAM F. STASIOR When only two out of ten African Americans over 25 years of age has a college degree—the minimum credential for entry into the fastest-growing jobs and career paths—that is a national crisis. And when only five percent of African American high school students are adequately prepared for college coursework, America’s crisis is even more alarming. For UNCF (the United Negro College Fund), the nation’s crisis is a challenge: to bring to bear its 70 years of experience sending young men and women to and through college. Thanks to UNCF, more than 430,000 students have received college degrees from UNCF-member historically black colleges and universities (HBCUs), whose graduation rate for low-income students exceeds the records of other kinds of institutions. Furthermore, recipients of the 10,000plus scholarships UNCF awards each year graduate at rates almost twice as high as the average for African American nonrecipients. These critical scholarship awards would not be possible without the support of generous donors and partners who are passionate about our work. In fact, after the conclusion of the fiscal year covered by this annual report, UNCF received an investment so generous and strategically important that we wanted to let you know about it prior to next year’s report, which will include a full description. This significant investment comes from longtime UNCF supporters Koch Industries, Inc., and the Charles Koch Foundation. Their $25 million grant, establishing the UNCF/Koch Scholars Program,will provide nearly 3,000 merit-based scholarships for low-income undergraduate, graduate and postdoctoral students who want to study how entrepreneurship, economics

1  UNCF: INVEST IN BETTER FUTURES®

and innovation contribute to well-being for individuals, communities and society. The investment will also provide $4 million in financial support for our 37 member HBCUs, which were devastated by funding shortfalls caused by federal changes to the Parent PLUS Loan program. UNCF is grateful to Koch Industries and the Charles Koch Foundation for their investment in young African Americans and ultimately in ensuring Better Futures® for all Americans. You will read a lot more in this report about the work of our HBCUs and about some of UNCF’s 400-plus innovative scholarship and internship programs. You will also read about UNCF’s advocacy initiatives, which, through our PSA campaign, and through grasstops work in communities around the country, make the case for the importance of college and pre-college education. That’s the good news. Here is the challenge: At a time when individual employers and the 21st-century economy need all the college graduates they can get, for every scholarship we award, we must turn away nine qualified applicants for lack of adequately funded programs. For every student our member HBCUs can admit, others cannot enroll for lack of

THE UNCF/KOCH SCHOLARS PROGRAM WILL PROVIDE NEARLY 3,000 MERITBASED SCHOLARSHIPS FOR LOW-INCOME UNDERGRADUATE, GRADUATE AND POSTDOCTORAL STUDENTS.

As you know, UNCF has expanded its iconic motto to read, “A mind is a terrible thing to waste, but a wonderful thing to invest in.”® Every scholarship UNCF offers, every dollar of support UNCF provides to its member HBCUs, is made possible by an investment. And the more than 55,000 students who attend our member HBCUs each year, and the more than 8,000 who graduate each spring and go on to launch careers of success and service: They are the return on your investments. They are your dividends.

Photo by Earl Gibson

Photo by Timothy Greenfield Sanders

adequate institutional student aid. So you will read in this report about what UNCF does to garner the resources from over 100,000 individuals, corporations and foundations— from supporters, in other words, like you—that support its member institutions and scholarship programs.

Michael L. Lomax President and CEO UNCF

William F. Stasior Chair, UNCF Board of Directors

2014 ANNUAL REPORT 2

A MIND TERRIBLE MORE THAN

$

100

MILLION IN SCHOLARSHIPS IS AWARDED ANNUALLY.

THE GATES MILLENNIUM SCHOLARS PROGRAM IS REMOVING FINANCIAL BARRIERS TO COLLEGE FOR

20,000 HIGH-ACHIEVING, LOW-INCOME STUDENTS.

3  UNCF: INVEST IN BETTER FUTURES®

UNCF INVESTS IN ITS STUDENTS BY PROVIDING

400+ 10,000+

PROGRAMS

SCHOLARSHIPS EVERY YEAR.

IS A THING TO WASTE MORE THAN

430,000 STUDENTS HAVE GRADUATED FROM UNCF-MEMBER HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.

®

2014 ANNUAL REPORT 4

IMPAC T 5  UNCF: INVEST IN BETTER FUTURES®

THE CAMPAIGN FOR EMERGENCY STUDENT AID (CESA) HAS RAISED MORE THAN

$

23 12,000 MILLION

FROM MORE THAN

DONORS.

IMPACT America needs more college graduates. Students need college degrees to compete in the 21st-century job market. Employers need a collegeeducated workforce to compete against rivals here and abroad. And communities need the college-educated professionals—teachers, doctors, ministers, and businessmen and businesswomen—who build neighborhoods and hold them together. America needs more college graduates—and, thanks to the investment made by individuals, companies and foundations around the country, UNCF is making it happen. UNCF-member HBCUs and scholarships have enabled more than 430,000 students to earn college degrees—a total that grows by more than 8,000 every year. UNCF brings together leaders and citizens in cities around the country to build a constituency for education: in America, every high school graduate should be a college-ready high school graduate. And UNCF serves as the voice for students in Washington. UNCF makes a difference. Keep reading, and find out how. » 

5  UNCF: INVEST IN BETTER FUTURES®

CELEBRATING 70 YEARS OF TO AND THROUGH COLLEGE: UNCF’S 70TH ANNIVERSARY “A MIND IS…” GALA The first Thursday in March has always been special for UNCF. For decades, that evening has been set aside to gather in New York, where UNCF was founded in 1944, to honor the men, women, corporations and organizations that have given of their time and treasure to help more than 430,000 students get their college degrees and launch their careers.

Presidents George H.W. Bush and Bill Clinton have been honored from the stage of UNCF’s annual dinner. So have Secretary of State Colin Powell, computer pioneers and UNCF benefactors Bill and Melinda Gates, movie star and UNCF-member college graduate Samuel L. Jackson, and baseball Hall of Famer Henry Aaron. Tens of millions of dollars have been raised at New York anniversary dinners so that UNCF-member HBCUs can help their students go to and through college. How do you cap off that kind of record? How do you celebrate 70 years of UNCF? By reminding the 1,000 supporters who crowded the ballroom of the New York Hilton of what UNCF has done in its 70 years, and all the work that remains to be done. »» The letter that started it all in 1943: the open letter in the Pittsburgh Courier from Tuskegee Institute President Dr. Frederick D. Patterson urging his fellow black-college presidents to “pool their small moneys and make a united appeal to the national conscience.” »» The country’s richest and most influential industrialists and philanthropists who answered Dr. Patterson’s call, names famous even today: Alfred P. Sloan of General Motors and Robert Woodruff of Coca-Cola, both major long-term donors from the beginning; Walter Annenberg, founder of a publishing empire, philanthropist and U.S. ambassador to the United Kingdom, who in 1990 contributed $50 million, UNCF’s largest gift at that time; and the Rosenwald Fund, established by Julius Rosenwald, a part owner of Sears Roebuck and a legendary investor in black education in the South.

(from left) Dr. Michael Lomax, Ambassador Andrew Young, William F. Stasior, and Dr. Larry Earvin 2014 ANNUAL REPORT 6

»» The unique investment in Better Futures® made in 1957 by a future president, Massachusetts Senator John F. Kennedy, who gave as a gift to UNCF the proceeds from the Pulitzer Prize he won for his book, Profiles in Courage.

The historical chronicle brought the audience members to their feet. These 70 years of history and the $1 million raised at the 70th “A Mind Is…” Gala were their investment. The more than 430,000 graduates are their dividends.

»» The creation, in 1972, by UNCF Executive Director Vernon Jordan and Young & Rubicam Chairman Ed Ney, of the first public service announcement campaign built around what would become one of the country’s best-known taglines, “A mind is a terrible thing to waste.”® »» The 20-year, $1.6 billion investment by the Bill and Melinda Gates Foundation that created the UNCF Gates Millennium Scholars Program. The return: 18,000 college students and a 90 percent graduation rate. »» The 70th anniversary celebration was chaired by Bertrand Camus, CEO of Suez Environnement and United Water, and Michael Norris, chief operating officer and market president of Sodexo North America. Ambassador Andrew J. Young received the Lifetime Achievement Award, while McDonald's Corp. and the National Black McDonald's Operators Association along with General Motors Co. and United Auto Workers received the President’s Award. »» And the most important historical milestones of all: $4.3 billion in contributions. More than 430,000 college graduates from UNCF-member HBCUs and support through UNCF scholarships for students at more than 900 colleges across the country.

7  UNCF: INVEST IN BETTER FUTURES®

Dr. Michael L. Lomax and Ambassador Andrew Young, 2014 Lifetime Achievement Award recipient

THE NEW ORLEANS UNCF MAYOR’S MASKED BALL: A RECIPE FOR EDUCATION Start with legendary musicians like Ellis Marsalis and the Isley Brothers. Add a nationally known leader like New Orleans Mayor Mitch Landrieu. Mix in the presidents of New Orleans’ two UNCF-member HBCUs, Dr. Norman Francis and Dr. Walter Kimbrough. Stir in celebrity chefs from landmark eateries like Dooky Chase’s Restaurant, Commander’s Palace and Emeril’s Restaurants. And don’t forget lots of corporate support from the Entergy Corp., Shell Oil Co. and Mardi Gras Productions. The icing on the cake: the event was produced by the Hyatt Regency New Orleans and its loyal business partners. What do you have? The inaugural New Orleans UNCF Mayor’s Masked Ball, operating in a new model of corporate sponsorship, thanks to Hyatt Regency New Orleans general manager Michael O. Smith, chairman of the ball. The event raised more than $1.3 million in cash and in-kind contributions for UNCF, enabling more than 200 students to go to and through college at New Orleans’ two UNCFmember HBCUs, Dillard University and Xavier University of Louisiana, and UNCF’s 35 other member HBCUs. UNCF is taking this model to build strong partnerships with hotels in other cities, discussing ways to offset operating overhead at UNCF Masked Balls. UNCF will also work closely with the mayors in cities across the country who have an interest in investing in UNCF and its mission, aiming to reduce the area office cost ratios, which means more funds going directly to UNCF’s member institutions and the deserving UNCF students in need of scholarships. “What Michael Smith and his team began in 2013 has sparked what we hope will be a trend we see across the country,” said Maurice E. Jenkins, executive vice president of national development. “The Hyatt Regency New Orleans took a leap of faith and invested in Better Futures® with UNCF, and this is a prime example of positive relationship

building between our non-profit and the corporate world that results in positive outcomes for our students.” After operating for 20 years under the auspice of “Ball in the City,” the revamped and inaugural New Orleans UNCF Mayor’s Masked Ball truly was a smashing hit. More than 800 supporters turned out in the sold-out Empire Ballroom to Invest in Better Futures® for UNCF students. Many made cash contributions and sponsorships. Others made in-kind donations that offset event expenses. The cost ratio was reduced by more than 25 percent, allowing the highest possible percentage of New Orleanians’ generosity to go directly toward students’ education. Dillard, Xavier and other UNCF institutions invested their share of the Mayor’s Masked Ball proceeds in a variety of educational programs, including programs to enhance financial aid packages offered to entering freshmen, help retain students already enrolled, and provide emergency tuition assistance to students, primarily seniors in danger of not graduating. It was a great time for a great cause: investing in Better Futures® for students, colleges and all New Orleanians.

(from left) Dr. Michael L. Lomax, Dr. Norman Francis, Dr. Walter Kimbrough, attorney Cheryl Landrieu and New Orleans Mayor Mitch J. Landrieu 2014 ANNUAL REPORT 8

HBCUs: ENGINES OF DEVELOPMENT IN A REBUILDING ECONOMY The signs are clear: the economy is on its way back. In a country on its way to a majority-minority population and workforce, employers are looking to fill vacancies— the kind whose salaries support families, communities and the nation. And no part of society is poised to play a more critical role in the rebuilding process than UNCF’s 37 historically black colleges and universities (HBCUs). The economic potential of UNCF’s member HBCUs is rooted in their ability to enroll and graduate the African American professionals the economy needs. When it comes to graduating students from low-income families—the students the country most needs to go to and through college—a study by UNCF’s Frederick D. Patterson Research Institute shows that HBCUs outperform many non-HBCUs, including some of the country’s best-known and most prestigious institutions. Over 55,000 students enroll in UNCF-member HBCUs every fall, and more than 8,000 graduate every spring—the very college-educated professionals whom companies, organizations and government agencies will need to fill jobs as they staff up in a recovering economy. The success of UNCF’s member institutions at graduating their students makes them engines of local and economic growth and prosperity. The money spent by colleges—the earnings of professors and staff, the costs of building construction and maintenance, food served in dorms and student unions, and countless other expenditures—total millions of dollars. Atlanta’s four UNCF member HBCUs, for example, pump more than $224 million into the local economy. That investment ripples through the community to create over $2 billion in “social returns”—the earnings from good jobs and savings on health expenses, the cost of crime, and other costs to the community. (This calculation is based on multiplier-effect calculations performed by economist Dr. Clive Belfield of Queens College, City 9  UNCF: INVEST IN BETTER FUTURES®

University of New York, and the author of The Price We Pay: The Economic and Social Costs of Inadequate Education.) Nationally, UNCF member institutions inject more than $1 billion into the American economy, which translates into over $1 trillion in social returns. The young people who cross the graduation-day stage at UNCF-member institutions every year are the heirs and successors to the famous Americans who have graduated from UNCF HBCUs and gone on to make history and shape the nation and the world. For among each year’s crop of new graduates could be the next Dr. Martin Luther King, Jr.; the next Dr. Regina Benjamin, former surgeon general; a music industry superstar like Lionel Richie; a congressman like civil rights icon Rep. John Lewis; a social activist like Children’s Defense Fund founder Marian Wright Edelman; and a presidential Cabinet member like Secretary of Homeland Security Jeh Johnson—to name just a few of the best known of the more than 430,000 students who have graduated from UNCF colleges and universities. As it was for their celebrated predecessors, UNCF and its member institutions are there for today’s HBCU graduates because millions of corporations, foundations and individuals have invested in Better Futures® for them and for all Americans. From Dr. King, through Secretary Johnson, to the 8,400 members of the UNCF HBCU class of 2014, they are the return on a national investment. They are our nation’s dividends.

HOUSTON TURNS OUT FOR UNCF STUDENTS: THE UNCF “A MIND IS…” GALA UNCF President and CEO Dr. Michael L. Lomax hailed Van Lee and all the volunteers who made the gala the smashing success that it was as “the force multiplier that makes it possible for us to ensure that students have the education they need to be competitive in the 21st century. I can’t think of a better theme than ‘A Sterling Asset,’” he added, “because our young people are our most precious asset, and they are why we Invest in Better Futures® for them and for all of us.”

What does it take to raise a half-million dollars in a single night to help students go to and through college? It takes commitment, leadership, a little bit of star power—and the willingness to invest time, influence and resources in Better Futures® for our students and all of us. That’s what Reginald Van Lee, an executive vice president of the Booz Allen Hamilton global consultancy and a longtime UNCF volunteer and leader, brought as honorary chair and underwriter of UNCF’s 25th anniversary “A Mind Is…” Gala in Houston. The commitment of Van Lee and a hardworking team of volunteers was on full display when a crowd of more than 500 Houston educators and civic and business leaders turned out to raise more than $500,000 for UNCF students and the colleges and universities they attend. Themed “A Sterling Asset,” the gala—whose name echoes UNCF’s iconic motto, “A mind is a terrible thing to waste, but a wonderful thing to invest in”®—is one of dozens of UNCF events around the country that raise the tens of millions of dollars needed to support the education of 60,000 students each year.

(top left) Emcees Gina Gaston of KTRK ABC 13 and Khambrel Marshall of KPRC Channel 2 (above from left) Reginald Van Lee, executive vice president at Booz Allen Hamilton’s Washington, DC, location, Houston Mayor Annise Parker and Dr. Michael Lomax

2014 ANNUAL REPORT 10

INN O VATE 11  UNCF: INVEST IN BETTER FUTURES®

THE SUCCESS OF UNCF’S ADVOCACY WILL BE MEASURED BY CLOSING THE NATIONAL COLLEGE ACHIEVEMENT GAP.

INNOVATE Getting a good education has always been a challenge for African Americans, especially students from low-income families. But today the challenges are greater than ever. Getting a college degree is more important—and more expensive—than ever. Many African Americans and other students of color don’t receive the kind of education in high school that prepares them for college coursework and college success.

Great challenges demand innovative solutions. And UNCF has them— tested and ready to be replicated. Keep reading, and find out how UNCF programs and ideas are reinventing college education. » 

11  UNCF: INVEST IN BETTER FUTURES®

THE UNCF STEM ICE PLATFORM INITIATIVE: STEM-TO-MARKET TO MEET THE CHALLENGES OF NEW TECHNOLOGY AND THE NEW ECONOMY economy. Of the 2.8 million African Americans who graduated from high school in 2005, only 1.3 million, less than half (46 percent), graduated ready for college coursework. And only 277,550, just one in five of them, majored in STEM subjects (science, technology, engineering and mathematics), and only about half of them graduated college with a degree in a STEM field.

Success and competitiveness in the new innovation and tech economy bring with them a new set of challenges to UNCF’s member institutions, faculty and students. UNCF is stepping up to meet those challenges with the HBCU STEM Innovation, Commercialization and Entrepreneurship (ICE) initiative, a collaborative and partnership-driven platform that will empower UNCF-member HBCUs and students and connect them to the local and regional innovation and technology economy.

The impact on African American representation in STEM professions is all too predictable: African Americans make up only 7.1 percent of all workers in computers and math, just 1.5 percent of the Silicon Valley workforce, and, in an industry dominated by businesses that began as entrepreneurial startups, less than 1 percent of all technology startup entrepreneurs. The national STEM challenge goes beyond the need to give students, especially students of color, a thorough grounding in STEM disciplines. For the STEM revolution in the U.S. has changed not only what STEM professionals need to know, but also how their STEM skills and abilities can translate into a much-needed STEM workforce and tech entrepreneurs who will create the industries and jobs of the future.

Never has the U.S. needed an initiative like the UNCF STEM ICE more than it does today. Eight out of ten jobs created in the coming decade will require technical skills. Yet the U.S. ranks just 27th among industrialized nations in the proportion of college students receiving undergraduate degrees in science or engineering. Although the U.S. is slated to become a majority-minority country by 2050 with African Americans and other Americans of color projected to make up 54 percent of our total population, we are failing to provide our young people— our future scientists, engineers and technologists—the education they will need to compete in the 21st-century 2014 ANNUAL REPORT 12

To address these challenges, UNCF has worked with the White House and APLU to establish the STEM ICE initiative as a market-responsive and scalable initiative, designed to transform our campuses into high-performance STEM hubs of innovation and entrepreneurship that will increase economic impact for the African American community.

THE ICE INITIATIVE IS FRAMED BY THREE PILLARS: »» STEM Advocacy and Digital Media Platform: to create a media bridge that connects the HBCU community to Silicon Valley and other tech ecosystems and leverage opportunities to shape policy at the local and national level to promote African American excellence in STEM and tech entrepreneurship. »» Pathways to Innovations in STEM and Entrepreneurship: to enhance a tech-workforce pipeline that connects highly-engaged HBCU students and faculty in the STEM disciplines with Silicon Valley academic and tech industry stakeholders. »» Innovation Hubs and Ecosystems: to channel capital investments and resources to help seed, grow and develop innovation ecosystems at UNCF HBCUs in a manner that enhances the HBCU value proposition.

13  UNCF: INVEST IN BETTER FUTURES®

The innovation and technology economy is projected to produce more jobs and account for more economic growth in the U.S. and globally than any other industry sector. It is crucial that UNCF-member institutions, faculty and students be empowered to become leaders and connect with stakeholders in local, regional and national innovation ecosystems in Silicon Valley and other tech power centers. Through its development and implementation of the HBCU STEM ICE initiative, UNCF will play a leading role in making the connection.

THE GATES MILLENNIUM SCHOLARS PROGRAM: TRANSFORMING PROMISING STUDENTS INTO A DIVERSE NEW GENERATION OF LEADERS An endocrinology fellow at Weill Cornell Medical College in New York City. A Foreign Service officer. A chemical engineer in Houston. A private equity associate in California. A nurse at a Naval Medical Center in San Diego. A medical research firm executive in Rhode Island. And then there’s Jessica Wamala: Phi Beta Kappa alumna of Villanova University, majoring in Arab and Islamic studies, political science, and global interdisciplinary studies. A Rhodes scholar. Co-captain of Villanova’s Division I basketball team. Now a Villanova graduate student. JESSICA WAMALA

All high-achieving college graduates, many with graduate and professional school degrees. All pursuing careers of success and service. And all alumni of UNCF’s Gates Millennium Scholars Program (GMS), the country’s most successful scholarship program for students of color from low-income families.

But metrics, though critical, tell only part of the GMS story. In addition to changing the lives of more than 18,000 students, GMS has created a proven model for educating low-income students of color and has made a major contribution to changing the country’s thinking about the potential for giving disadvantaged students the education they need and that the nation needs them to have. And by changing deeply rooted perceptions about the educational potential of these young women and men— not just Gates scholars, but all high-achieving students from low-income families—GMS has helped change the value society places on them not just as students, but also as professionals, citizens and leaders. For decades, America has grappled with the challenge of educating its disadvantaged young people. Now, the success of the Gates Millennium Scholars Program makes it crystal-clear: Given the financial, academic and social support that so many students take for granted, students of color from low-income homes can succeed in college and can become what GMS has aimed to produce from the beginning: a diverse new generation of leaders.

HOW DOES GMS MEASURE SUCCESS? More than 18,000 students have matriculated as Gates scholars. It has a freshman-sophomore retention rate of almost 98 percent, a sophomore-junior retention rate of almost 96 percent, and a six-year graduation rate of more than 90 percent—more than 50 percent higher than the national graduation rate for all students and comparable to the success rate of students from much more prosperous families. Gates scholars have been chosen for the Marshall scholars, Rhodes scholars, Fulbright scholars, Gates Cambridge scholars and White House fellows programs. 2014 ANNUAL REPORT 14

THE UNCF COLLEGE ACCOUNT PROGRAM: VISIONARY PROGRAM, VISIONARY PARTNER With a college education more important, and more expensive, than ever, it’s never too early to start saving for college. For the children from low- and moderate-income families whom UNCF serves—children who would be the first in their families to attend college—savings are even more important. For not only are college savings accounts a source of financial resources to pay for tuition, textbooks, and room and board, but students with college savings accounts are four times as likely as their non-saving peers to go to college, and seven times as likely if the account is in the student’s name.

INV ES T I N E D UC AT I O N That’s why UNCF created the UNCF College Account Program (UCAP). Incentivized by matching funds, students could save for college and learn about savings accounts and other financial services, skills they will need for the decisions they’ll have to make in the years ahead. Although the UCAP program is winding down, it also provided competitive scholarships that participants could apply for as they reached college age. 15  UNCF: INVEST IN BETTER FUTURES®

It needed just one more component. UCAP was ready to invest in the futures of several thousand middle and high school students attending KIPP charter schools around the country. Who had the resources and the vision to invest in the UNCF College Account Program? UNCF turned to longtime partner Citibank and received a pilot program grant of $7.5 million. Just as important, it got a visionary partner with deep experience in providing financial services. With Citibank’s support and guidance, UCAP enrolled more than 8,000 students in Chicago, Houston, New York City, the San Francisco Bay Area, and Washington, DC, over the initiative’s four-year duration. Contributions from students and their families, combined with matching contributions from the program, totaled over $1 million. UCAP also awarded 144 competitive scholarships, $2,500 per year for up to five years for each recipient. This pilot phase has paid non-financial dividends as well. An evaluation by researchers from Brandeis University found that students and parents in UCAP schools were significantly more likely than non-participants to understand how to pay for college and had a better understanding of how to get ready for college. Citibank’s investment will continue to pay dividends. Low- and moderate-income parents now know that over time, even modest deposits can make significant contributions to college expenses. Guidance counselors have a proven strategy to give students “skin in the game” as they aspire to a college education. And because successful investments tend to attract more investment, forward-looking companies and philanthropies have evidence on which to base investment in the next generation of professionals.

2014 ANNUAL REPORT 16

IN SPIR E 17  UNCF: INVEST IN BETTER FUTURES®

UNCF’S UNIQUE ASSETS AND CAPABILITIES MAKE IT A CREDIBLE ADVOCATE IN THE K-12 EDUCATION SPACE.

INSPIRE Achieving UNCF’s North Star mission—increasing the number of African American college graduates—takes hard work, organization and, of course, resources. But it also takes inspiration: the inspiration of seeing a young man become the first in his family to go to college, of watching a young woman launch her career on the foundation of her college degree, and of thousands of college graduates becoming role models for new generations of students. It also takes inspirational leadership, like an HBCU president who can talk to his students in terms that will connect, a business leader whose commitment raises hundreds of thousands of dollars in a single evening, or an entertainment industry star who invests her resources and recognition in a student “rising star.” That inspiration motivates hundreds of thousands of dedicated UNCF supporters to live up to the ideal expressed in UNCF’s enhanced motto, “A mind is a terrible thing to waste, but a wonderful thing to invest in” ®, by investing their time, commitment and money every year in Better Futures® for our students and for all of us. Keep reading, and find out how UNCF turns inspiration into education. » 

17  UNCF: INVEST IN BETTER FUTURES®

UNCF: BRINGING COMMUNITIES TOGETHER FOR BETTER EDUCATION With more than 10,000 scholarships it awards each year, and the more than 60,000 students whose education is supported each year, UNCF is the nation’s leader in helping African Americans go to and through college. But financial barriers are not the only obstacle to black students’ college aspirations. Too many don’t receive the education they need, from kindergarten through high school, to prepare for careers, college coursework and college success. According to data from ACT, only five percent of all African American high school graduates are fully prepared for the rigors of college. More than 2 million students attend more than 6,000 public charter schools. A generation of education reformers has made the cause of improving public school education their own. Trail-blazing superintendents and chancellors have refocused and restructured big-city school systems. Social entrepreneurs, philanthropists and other reform actors have shifted the education narrative in underserved communities. But all too often, the most important stakeholders in education reform—the low-income families and communities that need a quality education the most and stand to gain the most from improved schools—are not at the table, not part of the conversation. And decades of experience in social reform have taught UNCF that lasting social change requires the close involvement of the beneficiaries of reform. The cause of education reform, as UNCF President and CEO Dr. Michael L. Lomax has said, requires “community and conversation, not community and confrontation” about our shared education challenges. Working to bring about that diverse and inclusive community in Indianapolis, UNCF and its partner

The Mind Trust, a non-profit organization and education incubator, are “working to inspire innovative education reform and help transform the Indianapolis public schools system.” Through a series of honest community conversations following the 2012 “What’s Possible?” effort led by Mayor Greg Ballard and former Indianapolis school superintendent Eugene White, UNCF and The Mind Trust have convened and engaged key stakeholders in the African American community and across the city to develop advocates to lead community-driven education reform efforts. By convening action-oriented community stakeholders, the partners aim to ensure that these voices are heard at all levels of leadership and in every decision area that affects student success, from local school governance to district-wide policy decisions. “While the Indianapolis conversation is ongoing, reviews are overwhelmingly positive. This was by far one of the most thought-provoking discussions on education that I have attended in some time,” Mark Russell of the Indianapolis Urban League wrote in The Indianapolis Star. The meeting showed that honest dialogue can be a unifying force.” When people hear UNCF’s expanded motto, “A mind is a terrible thing to waste, but a wonderful thing to invest in”®, they think of investing money. But UNCF’s advocacy strategy, based on community engagement, is showing in Indianapolis that commitment to civic dialogue is its own kind of investment. And students in Indianapolis are its dividend.

2014 ANNUAL REPORT 18

SUPERSTARS AND STUDENT RISING STARS SHINE AS UNCF An Evening of Stars COMES HOME TO ATLANTA ®

THIS WAS THE YEAR THAT UNCF AN EVENING OF STARS® CAME HOME TO ATLANTA. Los Angeles, where UNCF’s annual TV special was previously taped, may be the home of the entertainment industry. But with more than two-thirds of UNCF’s member institutions in Georgia and neighboring states, Atlanta is the epicenter of black college education, getting young African Americans to and through college, and that is what UNCF and UNCF An Evening of Stars® are all about. That made Atlanta the perfect place for the latest installment of UNCF’s long-running celebration of excellence in entertainment and education and for a full weekend of events that brought donors and community leaders together to exchange views and chart strategy and action to increase educational opportunities for low-income African Americans. A galaxy of stars—and sponsors: Target, Wells Fargo, McDonald’s, Buick, the city of Atlanta. SoftBank, Clear Channel and BET—turned out for UNCF An Evening of Stars® in reestablishing its roots. Comedian and actor Anthony Anderson, the star of ABC’s new hit TV series "Blackish," returned for another year as host of UNCF’s two-hour special. Jill Scott opened the program with three hit songs. The legendary Isley Brothers teamed up with Monica on two songs. Sevyn Streeter performed her hit single, “It Won’t Stop.” Spoken Reasons brought his comedy and satire to an appreciative audience. And gospel dynamo Tye Tribbett, joined by the choirs from two UNCF-member institutions, Bennett College and 19  UNCF: INVEST IN BETTER FUTURES®

(opposite) Jill Scott, (this page) August Alsina, (inset) Trey Songz and April Tucker

Xavier University of Louisiana, brought the crowd to its feet with his kinetic signature song, “He Turned It.” But as brightly as the stars shone, the UNCF An Evening of Stars® Rising Stars—16 high-performing UNCF scholarship recipients—and their celebrity scholarship presenters blazed even brighter. Towanda, Trina and Tamar Braxton kicked off the parade of presentations by presenting a scholarship to UNCF/Target Rising Star Kabreel Campbell, a sophomore at UNCF-member institution Edward Waters College in Jacksonville, FL. Usher returned to UNCF An Evening of Stars® to present a scholarship to Atlanta area high school senior Donel Heflin.

Trey Songz and his mother, April Tucker, presented a scholarship to another UNCF/Target Rising Star, Saraisa Simpson, a sophomore at UNCF-member institution Virginia Union University. And Queen Latifah welcomed Ashley Booth, a student at UNCF-member institution Johnson C. Smith University, to the set of her nationally syndicated talk show and presented the freshman with a UNCF scholarship—which was matched by a scholarship from the Will and Jada Smith Family Foundation, and matched again by a scholarship from Sony. All in all, it was a night of superstars and sponsors investing their treasure, time and talent in the Rising Stars who are the return on their investment.

2014 ANNUAL REPORT 20

WILLIAM H. GRAY III (1941-2013): THE MINISTER, CONGRESSMAN AND LEADER WHO TRANSFORMED UNCF AND EDUCATION Frederick D. Patterson Research Institute to document their effectiveness. Having seen the large and increasing role played by the federal government in education funding and policy, he decided in 1994 to move UNCF’s headquarters from New York City, where it had been founded, to Fairfax, VA, in the Washington, DC, suburbs. The move to the lower-cost space subsidized by UNCF board member Mobil gave the organization and its member HBCU presidents unprecedented access to policymakers and policymaking agencies and an unparalleled platform for the interests of its students and HBCUs.

BILL GRAY, UNCF’S EIGHTH CHIEF EXECUTIVE, WAS A HISTORY MAKER.

And in 1999, he secured from the Bill & Melinda Gates Foundation the $1 billion investment that founded the nation’s largest single private scholarship program, the UNCF Gates Millennium Scholars Program (GMS), a gift The Washington Post called the “largest single act of philanthropy in the history of American higher education.” As Mr. Gray told a reporter who called to get his reaction to the Gates Foundation commitment, “You’re talking to the billion-dollar brother from North Philadelphia.”

A seven-term member of the U.S. House of Representatives, he was the first African American to chair the U.S. House Budget Committee and the first to serve as majority whip, the third-most-powerful position in the House. He also served as pastor of Philadelphia’s 5,000-member Bright Hope Baptist Church, following in the footsteps of his father and grandfather.

GMS’s results—its 90 percent graduation rate for low-income minority students, 35 percentage points higher than the rate for all students and comparable to the graduation rates of students from upper-income families—have enabled the education of its 18,000 recipients and shown that given a level playing field, students of color from low-income homes could not only succeed, but could also soar.

And for 13 years, from 1991 to 2004, he was the president and CEO of UNCF, lauded by his peers as innovative and creative as he led the organization into the new millennium. He transformed UNCF into a 21st-century change agent by anticipating the growing demand by donors and policymakers for statistical evidence of the impact of UNCF-member institutions and scholarships and by founding the UNCF

Bill Gray worked tirelessly on behalf of the hundreds of thousands of young men and women who attended college and earned their degrees during his tenure at the helm of UNCF. His service and dedication were his investment. The college graduates were his dividends.

21  UNCF: INVEST IN BETTER FUTURES®

SYD HOFF: A LEGACY OF DEVELOPING YOUNG MINDS When it came to bringing smiles to children’s faces and bringing children to books and reading, nobody did it better than famed children’s author Syd Hoff. Now, more than a decade after his death in 2004 at the age of 91, he’s still helping develop young people, thanks to a bequest to UNCF. In a career that spanned more than six decades, Hoff wrote short fiction, editorial cartoons and comic strips that appeared in over 800 newspapers. But he was known for the more than 100 children’s books he wrote, and best known for the over 60 books he wrote and illustrated for the HarperCollins “I Can Read”® series for beginning readers, including his Danny and the Dinosaur books. Danny and the Dinosaur has sold more than 10 million copies and has been translated into eight languages. Hoff also reached out to his young readers in visits to schools, community centers and libraries. The American Library Association’s United for Libraries division designated his Miami home a Literary Landmark. It has been many years since Syd Hoff’s last book was published, but his legacy of education is still helping young people, thanks to his including UNCF in his will. Hoff’s bequest left UNCF with proceeds of more than $200,000 to help students go to and through college. He also left UNCF a share of his intellectual property—his line of children’s books, many of which are still in print. In addition, UNCF will share in the royalties from future sales of Danny and the Dinosaur. Thanks to Syd Hoff’s creativity and generosity, his desire to help build young minds lives on. 2014 ANNUAL REPORT 22

IN V E ST

MORE THAN

$

3.6

BILLION

RAISED SINCE UNCF'S "A MIND IS…" MOTTO DEBUTED

23  UNCF: INVEST IN BETTER FUTURES®

INVEST Every contribution to UNCF, every hour of UNCF volunteer work, every evening at a UNCF event is a generous gift to help deserving students. But it is also an investment—an investment that enables UNCF to give 60,000 students each year the education they need to complete college, launch their careers, and contribute to the economy and their community. In fact, every donation of $100 to UNCF results in over $1,000 in earnings and savings to society. That’s why UNCF has taken a historic step: expanding its universally recognized motto, “A mind is a terrible thing to waste” ®, to read, “A mind is a terrible thing to waste, but a wonderful thing to invest in.” ® Keep reading to find out more about this new, expanded motto, the kinds of investments people are making, and the return they’re earning on the best investment they’ll ever make.

A mind is a terrible thing to waste, but a wonderful thing to invest in.®

23  UNCF: INVEST IN BETTER FUTURES®

HOW DO YOU IMPROVE ON SUCCESS? UNCF’S ENHANCED NEW “A MIND IS…” PSA CAMPAIGN For more than 40 years, America rallied behind one of the best-known phrases in advertising history: “A mind is a terrible thing to waste.”® The hundreds of millions of Americans who saw or heard “A mind is…” public service announcements understood that the eight famous words meant that African American students, especially those from low-income families, deserved the college education that so many majority-population students took for granted.

So in June 2013, UNCF President and CEO Dr. Michael L. Lomax, U.S. Secretary of Education Arne Duncan and Vernon Jordan, the legendary attorney and presidential adviser who had headed UNCF when “A mind is…” made its debut, came together at the Department of Education with Y&R to unveil an enhanced credo and new public service announcements, titled “Better Futures” ®, to make the 21st-century case for UNCF:

And they responded to its call: more than $3.6 billion raised since “A mind is” made its debut, and more than 430,000 students graduated from colleges and launched careers.

“A MIND IS A TERRIBLE THING TO WASTE, BUT A WONDERFUL THING TO INVEST IN.”®

But at a time when a college degree is a virtual prerequisite to most good jobs and career paths, students, employers and the country needed even more from UNCF: more support for the organization’s 37 historically black colleges and universities and their 60,000 students, and more scholarships for the thousands of well-qualified applicants whom UNCF must turn away each year for lack of funds. Now, research by UNCF’s longtime partner, the New York based Young & Rubicam (Y&R) advertising agency, showed that UNCF needed to make the case that increasing the number of African Americans with college degrees was not only good for students, but good for business and the economy as well—that supporting UNCF was more than a donation to deserving students but an investment in the 21st-century economy and communities. UNCF made the same case to partners that might underwrite production of the new public service announcements (PSAs). Five leading philanthropic supporters of education stepped forward: the Walton Family Foundation, Doris and Donald Fisher Fund, Altria, Reed Hastings and Time Warner.

The new PSAs made the case for education with the real stories of real students from across UNCF’s network of HBCUs and from around the country. Telling these stories had a powerful appeal to donors and set an example to students of color considering a college education. The new campaign spread rapidly across the country. UNCF’s Better Futures® PSA campaign has received more than 282 million TV impressions, more than 14.6 million radio impressions and 17.9 million billboard and outdoor media impressions. There have been over 2.8 billion social media impressions, with roughly 9.9 million on Twitter alone. New “A mind is…” PSAs have appeared on Facebook, ESPN, TNT, TBS, The Tennis Channel, Fox News Channel and Aspire, and in Essence and The New York Times. And multi-Grammy Award-winning recording artist Usher tweeted to his more than 17 million followers, “Let’s take time to give back and invest in betterfutures@UNCF.” The momentum was unmistakable. A strong appeal had been made even more powerful. Good news for UNCF. And better news for students who had their sights set on college and for an economy that needs all the college-educated professionals it can get. 2014 ANNUAL REPORT 24

WALKING THE WALK: THE DETROIT UNCF WALK FOR EDUCATION The Detroit economy has known tough times recently. The auto industry in particular has had a challenging path to recovery. But that hasn’t kept the industry—both management and labor—along with more than 1,000 UNCF supporters from across southeast Michigan from coming together to help UNCF send students to and through college.

Of all UNCF’s fundraising walks across the country, the Detroit Walk for Education is the top event. Individual and family entrants walk with teams funded by corporate and organizational sponsors. The events also attract non-profits devoted to promoting healthy lifestyles and educational advancement. Teams of volunteers oversee the day’s operation. The hard work and generosity of everyone who contributes to the success of UNCF Walks for Education is a helping hand up to thousands of deserving students. It’s also a wise investment. The students who get their degrees because of UNCF events will become the next generation of college-educated workers that the country—and no place more than Detroit—needs as the economy improves and strengthens.

They were all there for Detroit’s 25th anniversary UNCF Walk for Education: the Big Three auto manufactuers— General Motors, Ford and Chrysler—and the United Automobile Workers, the union that represents the industry’s workers, along with Comerica bank and AAA Michigan, which have all supported this signature event for all 25 years; and Meritor, Bridgewater Interiors, Johnson Controls, Inc., and other sponsors that, with individual participants, invested a total of more than $540,000 in Better Futures® for students and all of us. General Motors and its employees alone contributed more than $230,000 to the silver anniversary event, bringing the GM total over the years to nearly $2 million.

25  UNCF: INVEST IN BETTER FUTURES®

INVESTING IN BETTER FUTURES®: ONE PAY PERIOD AT A TIME Demetrious Withers knows all about investment. Four years out of college, he’s an investment adviser at Atlanta-based Fiduciary Vest, LLC, which advises companies on their employee retirement plans. It’s a position he qualified for with his bachelor’s degree from Emory University’s Goizueta Business School. The employees of the Atlanta Housing Authority understand investment, too. Their mission involves investing in affordable housing to help families and building healthy communities. They also invest in Better Futures® for Atlanta students and the entire community by supporting the UNCF-Atlanta Housing Authority’s Atlanta Community Scholars Award scholarship program. Like UNCF’s hundreds of other workplace-based scholarship programs, the UNCF-AHA partnership is made up of modest contributions, made every pay period—contributions that over a year’s worth of pay periods add up to 14 scholarships worth over $40,000—almost $400,000 since the partnership was formed in 2004. These scholarships are helping 14 students go to and through college, at institutions that include UNCF-member HBCUs Clark Atlanta University, Morehouse College and Spelman College, and launch their careers. Demetrious Withers’ work at Fiduciary Vest helps men and women invest in their futures. It’s especially fitting, having invested in his own future, assisted by UNCF and the Atlanta Housing Authority investing in him. His experience proves the abiding truth of UNCF’s motto: “A mind is a terrible thing to waste, but a wonderful thing to invest in.”®

2014 ANNUAL REPORT 26

PARENT PLUS LOANS: UNCF AND HBCUs SPEAK, AND THE GOVERNMENT LISTENS A story in last year’s UNCF Annual Report (“The Students’ Voice in Washington: Fighting for Parent PLUS Loans”) reported on the battle being waged by the UNCF-member institution presidents’ Government Affairs Committee, led by committee chair Xavier University of Louisiana President Dr. Norman Francis, Benedict College President Dr. David Swinton and Miles College President Dr. George French, Jr., and the UNCF government affairs team, to roll back the harsh regulations imposed by the U.S. Department of Education on the federal Parent PLUS Loan program.

government—to the secretary of education and the president. The federal government listened and reversed course. UNCF students, and low-income students around the country, won.

The battle is over: The regulations have been rolled back, and UNCF students are the winners. The department’s 2011 decision had exploded among low-income students and families like a financial grenade. Families in good Parent PLUS standing found their applications for renewal rejected and their appeals denied. In the first academic year after the new standards were instituted, 400,000 students, including 28,000 students at historically black colleges and universities (HBCUs), were initially rejected for PLUS Loans that many had received the previous year. Now, thanks to the hard work of the presidents, the team, and a broad coalition of HBCUs and other colleges, the restrictive rules that had derailed many students’ education and damaged many HBCUs and other institutions that serve low-income students have been replaced by more equitable standards. Under the revised regulations, hundreds of thousands of students nationwide will become eligible for PLUS Loans, reopening the doors of education to students who previously were denied. For more than three years, UNCF and the leaders of its member institutions spoke out for their students. They took their case to the highest levels of the 27  UNCF: INVEST IN BETTER FUTURES®

FORMER SPELMAN COLLEGE PRESIDENT ASKS CONGRESS TO INVEST IN YOUTH, HBCUs Presidents of UNCF’s member institutions are a familiar presence at congressional hearings. Dr. Beverly Daniel Tatum, the immediate past president of Spelman College, testified before the House Appropriations Committee’s subcommittee on labor, health and human services, education and related agencies. Citing the Parent PLUS Loan reductions among federal disinvestments in HBCUs, she called on Congress to “invest in our youth, in our HBCUs, and most importantly, in our country so that millions more low-income, minority students can graduate from college and lead our country to heights we have yet to imagine.”

LOWE’S AND UNCF’S CAMPAIGN FOR EMERGENCY STUDENT AID: A LIFELINE FOR STUDENTS WITH UNANTICIPATED NEEDS “Education is the great equalizer, and the CESA scholarships have made a calculable difference in the lives of these students,” said Joan Higginbotham, Lowe’s director of community relations. “Through our donation, we are not only investing in their futures, but in the future of our country.”

Students from low-income families—the students whose education is UNCF’s core mission and is vital to the U.S. economy—know only too well how unpredictable life can be. A parent’s layoff or pay cut, a change in student loan eligibility standards, or just a dip in the economy can derail plans for a college education—not just at the beginning or end of a semester, when most scholarships are awarded— but at any time, and without any warning. UNCF understands that. That’s why in 2009 we created the Campaign for Emergency Student Aid (CESA), to provide just-in-time student aid so that students can stay in school and graduate. Lowe’s understands, too. That’s why it has contributed more than $3 million to CESA, enough to help more than 1,500 students at UNCF’s member institutions stay on track for graduation and earn college degrees.

“Hundreds of students have completed college and launched their careers because of Lowe’s just-in-time investment.” “UNCF is grateful for Lowe’s investment in UNCF’s Campaign for Emergency Student Aid,” said Dr. Michael L. Lomax, UNCF president and CEO. “Hundreds of students have completed college and launched their careers because of Lowe’s just-in-time investment. Those students, and the hundreds more who are still in college working toward their degrees, are the return on Lowe’s investment. They are Lowe’s dividends.”

Lowe’s contributions to CESA—its investment in Better Futures® for students and all of us—are part of $23 million that CESA has distributed to more than 10,000 students whose college education has been imperiled by unexpected economic pressures.

2014 ANNUAL REPORT 28

DO N O R S 29  UNCF: INVEST IN BETTER FUTURES®

MAJOR DONORS 2014

CORPORATIONS $1 million and above

Merck & Company, Inc. Wells Fargo Bank, N.A. $500,000 - $999,999

Bloomberg, LP ExxonMobil Corporation McDonald’s Corporation Procter & Gamble Target Corporation Walmart Foundation, Inc. $250,000 - $499,999

AT&T Coca-Cola North America General Motors and the General Motors Foundation Lowe’s Companies, Inc. Oracle Corporation Toyota Motor Sales USA, Inc. Union Bank of California Foundation USA Funds $100,000 - $249,999

Amtrak (National Railroad Passenger Corporation) Anheuser-Busch Companies, Inc. Burrell Communications Group Inc. Caesars Foundation Carnival Cruise Line Citi Foundation Costco Wholesale Corporation Dell Computer Corporation Delta Air Lines, Inc. Entergy Services, Inc. FedEx Corporation

Florida Blue Foot Locker Foundation, Inc. Ford Motor Company Gateway to Leadership General Mills, Inc. Google, Inc. Intel Corporation JPMorgan Chase & Co. Johnson & Johnson Family of Companies Marathon Oil Matching Gift Mattel, Inc. Monsanto Company Nissan North America, Inc. PepsiCo, Inc. Southern Company The UPS Foundation, Inc. United Health Foundation United Water Foundation, Inc. $50,000 - $99,999

3Mgives ALDI, Inc. American Electric Power Foundation American Family Life Insurance Company Bank of America Corporation BMO Harris Bank BP, PLC BNSF Railway Caterpillar, Inc. Caterpillar Foundation Chrysler Foundation, Inc. ComEd CVS Corporation Edison International General Electric Foundation Georgia-Pacific Foundation, Inc.

29  UNCF: INVEST IN BETTER FUTURES®

GlaxoSmithKline Foundation H.E.B. Pantry Foods H&L Partners Hyatt Regency New Orleans Illinois Tool Works Foundation Johnson Controls, Inc. Kia Motors America, Inc. Kroger Company Foundation Eli Lilly and Company Foundation, Inc. Marriott International, Inc. Medtronic, Inc. Metropolitan Life Insurance Company Myers Ventures, LLC National Black McDonald’s Operators Association Novant Health Paradies Fort Lauderdale, Inc. Royal Dutch/Shell Group Shell Exploration and Production Company, Inc. Southern California Edison SunTrust Foundation Travelers Uniworld Group, Inc. U.S. Army Young & Rubicam, Inc. $25,000 - $49,999

The Advocate Alaska Airlines Arcadis Best Buy Erie Insurance Group Fremont Group, LLC Delmarva Power Frito-Lay North America, Inc. iCore IBC (Independence Blue Cross)

PACCAR, Inc. PECO Energy Company Pentair Pepco PNC Bank Prudential Financial Sodexo Foundation, Inc. Target (Minnesota) Viacom, Inc. Xerox Corporation $10,000 - $24,999

Accenture, LLP Aeroject Rocketdyne AGL Resources, Inc.-Nicor Gas Air Products and Chemicals, Inc. American Cast Iron Pipe Company American Direct Marketing Resources, LLC American Express Company AmeriHealth Caritas Services, LLC Amgen, Inc. Andrews Kurth, LLP Archer & Greiner, PC Assurant Foundation AutoNation, Inc. Baltimore Gas and Electric Company The Bank of Princeton BDO Birmingham Airport Authority Blue World Travel Corp. Bob Evans Farms, Inc. The Boeing Company Booz Allen Hamilton, Inc. Bristol-Myers Squibb Company

Caesars Entertainment Operating Company, Inc. Capital One Carmen Group Chase Manhattan Bank Dignity Health CDM Smith CenterPoint Energy CenturyTel, Inc. CertusCharitable Chick fil-A Foundation Chrysler Corporation Cigna Foundation Cleveland Clinic Comcast Corporation Comerica Incorporated Consolidated Edison Company of New York, Inc. Diageo North America, Inc. Emerson Process Management-Rosemount, Inc. Entergy Foundation Estee Lauder, Inc. Florida Crystals Corporation FMC Corporation Francis Financial Group Gannett Company, Inc. Genova Burns Giantomasi Webster, LLC Golden State Warriors The Graco Foundation Greenwood Gaming and Entertaiment, Inc. Greyhound Hardt, Stern & Kayne, PC HMSHost Corporation Hollywood Casino Columbus Hoover Milstein Houston Style Magazine

IBM Janssen Pharmaceuticals, Inc. J. Fletcher Creamer Foundation Kasim Reed for Mayor, Inc. KeyCorp The Kroger Company of Michigan L Brands Louisiana Lottery Corporation Macy’s McGraw-Hill, Inc. McLeod & Associates, LLC Michelin North America, Inc. Moroch The Muckleshoot Indian Tribe Mutual of America National Collegiate Athletic Association National Black College Alumni Hall of Fame Neustar, Inc. New Jersey Manufacturers Insurance Company New Orleans Saints New York Yankees Foundation NiSource, Inc. Northrop Grumman Foundation PECO PNC Bank, N.A. PNC Financial Services Group, Inc. PNC Foundation Pepsi Beverages Company Penn National Gaming, Inc. Pincus Family Foundation PricewaterhouseCoopers, LLC Primera Engineers, Ltd. Provident Bank Foundation Provident Financial Group, Inc. PSEG Foundation

Public Relations Society of America Foundation Publix Super Markets Charities Random House, LLC Reliant Energy Charitable Foundation Robert Half International, Inc. Rockwell Automation, Inc. Rooney Rippie & Ratnaswamy, LLP RR Donnelley Foundation RR Donnelley & Sons Company S&C Electric Company The Safeway Foundation Safeway, Inc. Sheraton Operating & Westin Birmingham Operator Sodexo, Inc. Sonoco Foundation Space Exploration Technologies Corporation (SpaceX) Synovus Trust Company Texas Instruments Foundation Texas Lottery Thrasher Contracting , LLC TIAA-CREF TriStar Management, Inc. Turner Construction Company Valero Energy Foundation Vectren Foundation Verizon Virgin United, North America Vivendi, SA Walgreens Family of Companies The Walt Disney Company WS Media, Inc. Xcel Energy Foundation Young Generation Movement

$5,000 - $9,999

Adara Technologies, Inc. ADP (Automatic Data Processing) Advanced Business Solutions Aegon USA Realty Advisors, LLC AHT Insurance ALW Sourcing Ahold USA, Inc. Alamo Insurance Group Aldridge Electric, Inc. Alliance Data Systems, Inc. Allison Transmission, Inc. American Transmission Company, LLC Anthem Insurance Companies, Inc. Apollo Group, Inc. Aqua Charitable Trust AT&T Minnesota Atlanta Beltline, Inc. Atlanta Braves Foundation, Inc. Atlanta Restaurant Partners, LLC Awa, Inc. Bandy Carroll Hellige Bank of the West Baxter International, Inc. BB&T [Branch Banking & Trust] Belk, Inc. Benchmark Management, LLC Benjamin Kopf Holding Company BET Networks Blue Cross Blue Shield of South Carolina Blue Cross Blue Shield

2014 ANNUAL REPORT 30

MAJOR DONORS 2014

Boh Bros Construction Company, LLC Bridgewater Interiors Bright House Networks, LLC Broadcast Center Partners, LLC Budweiser Zink Distributing Company Butler, Wooten, & Fryhofer, LLP Canoe Brook Investors Capital One Services, Inc. Cendant Corporation Chadbourne & Parke, LLP Chase Catering and Concessions Chubb & Son, Inc. Citibridge Citizens Bank Citizens Energy Group City of Atlanta-Department of Finance City of Orlando Civitas Comcast Financial Agency Corporation Comerica Bank Community Safety Foundation Cox Enterprises, Inc. The Cozen O’Connor Foundation, Inc. Davin Joseph Events for Cause Foundation, Inc. Darryl E. Berger Investment Corporation DC09 Decisive Communications, Inc. Delhaize America Shared Services Group, LLC Deloitte, LLP

Delphi Corporation Drummond Company, Inc. Duke Energy Corporation Duke Energy Carolinas Duke Realty E.I. DuPont De Nemours & Company Elite Collective Elliott-Lewis Corporation Energen Corporation Eta Advertising, Inc. Faegre Baker Daniels, LLP Fifth Third Bancorp First NBC Bank Fiserv Solutions, Inc. Four Points Freeport-McMoRan, Inc. Frost National Bank FTI Consulting, Inc. G&J Pepsi-Cola Bottlers, Inc. The Gas Company GE Asset Management, Inc. General Dynamics Land Systems Gibbons, PC Glazer’s The Gores Group, LLC Greenville Health System The Havi Group, LP Hayward Industries, Inc. HBK Engineering, LLC HCA and Company Henkel Corporation HNTB Corporation Hoffmann-La Roche, Inc. Hojeij Branded Foods, Inc. The Holidays, Incorporated Honda of Bowie HRI Lodging, LLC Hudson Group

31  UNCF: INVEST IN BETTER FUTURES®

Ice Miller, LLP Indiana University Health Indianapolis Airport Authority Ingredion Interaudi Bank Intren Investors Bank Jacobs Engineering Foundation JCPenny Company Fund, Inc. JM Family Enterprises, Inc. Johns Hopkins Accounts Payable Service Center Kaiser Permanente Keystone Mercy Health Plan Liberty Foundation Liberty Mutual Group, Inc. Limited Brands Foundation Lincoln Financial Group Loews Corporation Magellan Health Services, Inc. Marketing Associates, LLC Martin Bontempo Matacera Bartlett, Inc. Masco Corporation Foundation Maynard Cooper & Gale, PC McDonald’s New Orleans Ad-Co, Inc. McLeod Regional Medical Center McMaster-Carr Supply Company MeadWestvaco Foundation Meritor, Inc. The Mgive Foundation, Inc. Miller, Canfield, Paddock & Stone, PLC Mott’s, LLP-Dr Pepper, Snapple Group Municipal Light & Power (ML&P)

MZI Group, Inc. Nationwide Mutual Insurance Company New South Parking System Nissan of Bowie Northern Trust Novartis Pharmaceuticals Corporation Ogletree, Deakins, Nash, Smoak & Stewart, PC Onyx Pharmaceuticals, Inc. Orlando Health PNC Bank, N.A. PRWT Services, Inc. Paramount Worldwide Productions, Inc. Parrish and Associates, LLC Pennsylvania Convention Center Authority Peoples Bank Peoples Health Percepta Piedmont Natural Gas Company, Inc. Piper Jaffray Companies PRM Consulting Group Quest Diagnostics Quicken Loans, Inc. RackSpace Hosting, Inc. RAI Services Company Raymond James and Associates, Inc. Raytheon Company Richard’s Disposal, Inc. Robins, Kaplan, Miller & Ciresi, LLP, Charitable Foundation Safeco Insurance Corporation of America SeaWorld Parks & Entertainment, Inc.

Siebert Brandford Shank & Company, LLC Signs Now 77 Silicon Valley Bank Silver Eagle Distributors Charitable Fund Skadden, Arps, Slate, Meagher & Flom, LLP SouthStar Energy Services St. Vincent Hospital and HCC, Inc. Stewart Services, Inc. Strength of Nature Company Sunoco, Inc. SunTrust Banks, Inc. Superior Foundation Sutherland Asbill & Brennan LLP Sylvia’s Restaurant Snyder’s-Lance, Inc. Tampa Bay Sports Commission, Inc. The Taubman Company, LLC Teach For America, Inc. Team Detroit Ten Park Place Associates, Inc. Tetra Tech, Inc. The TJX Foundation, Inc. Total System Services, Inc. Tupperware Brands Corporation UPS, Chesapeake U.S. Bancorp UAW-Chrysler National Training Center Union Pacific Foundation United Scrap Metal, Inc. United Way of Greater Milwaukee US Bank National Association

Valero Energy Foundation Volkert, Inc. Wellness Interactive, Inc. Wilmer Hale FOUNDATIONS $1 million and above

The Andrew W. Mellon Foundation $500,000 -$999,999

The Ray Charles Foundation $250,000 - $499,999

Bloomberg Philanthropies The Robinson-Harris Foundation, Inc. Walton Family Foundation, Inc. $100,000 - $249,999

The Ahmanson Foundation The J. Willard and Alice S. Marriott Foundation The Peierls Foundation The Riversville Foundation SanDisk Corporation The UCLA Foundation $50,000 - $99,999

AAMD Educational and Research Foundation Blackstone Charitable Foundation The Curtis L. Carlson Family Foundation Greater Kansas City Community Foundation Tamara L. Harris Foundation Ryan Howard Family Foundation

Raymond James Charitable Endowment Fund The Katzenberger Foundation, Inc. James Annenberg La Vea Charitable Foundation The Thomas and Dorothy Leavey Foundation J. Willard and Alice S. Marriott Foundation Lilly Endowment McGregor Fund The Miami Foundation Charles Miller Memorial Foundation, Inc. The Mind Trust The Ambrose Monell Foundation The Negaunee Foundation Frank E. Payne and Seba B. Payne Foundation The Skillman Foundation D Wright Way Foundation Wollenberg Foundation $25,000 - $49,999

The Batchelor Foundation The Brown Foundation, Inc. Community Foundation for the Fox Valley Region, Inc. The Elmer Roe Deaver Foundation Detroit Lions Charities Dominion Foundation Hagedorn Foundation Hampton Roads Community Foundation Hausman Family Charitable Trust Jolley Foundation

The Keller Family Foundation Edward M. Nagel Foundation Rawley Foundation RosaMary Foundation $10,000 - $24,999

Burchenal Family Foundation Fred C. and Katherine B. Andersen Foundation John W. Anderson Foundation M.D. Anderson Foundation The Arthur M. Blank Family Foundation Amon G. Carter Foundation Cedric “The Entertainer” Charitable Foundation Conn Memorial Foundation, Inc. Edwin W. and Catherine M. Davis Foundation Edusei Foundation English, Bonter, Mitchell Foundation Fresno Regional Foundation Rollin M. Gerstacker Foundation The Graco Foundation Verle and Eleanor Hammond Foundation Mary W. Harriman Foundation Herman N. Hipp First Foundation Hundt Family Foundation, Inc. Ingram-White Castle Foundation The Matthew and Roberta Jenkins Family Foundation Kapor Center for Social Impact Lakeside Foundation

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MAJOR DONORS 2014

The Helen and Edward Lane Endowment Fund III Litterman Family Foundation The Lincoln Electric Foundation Lumina Foundation The Fred Maytag Family Foundation The McCutchen Foundation Oceanic Heritage Foundation Thomas Anthony Pappas Charitable Foundation, Inc. Sid W. Richardson Foundation Rundgren Foundation Sage Foundation Ronald S. Saks Charitable Foundation The Siragusa Foundation Donald T. Sterling Charitable Foundation Summit Studer Foundation, Inc. Sulzberger Foundation Ruth Holmberg Giving Fund H. van Ameringen Foundation Edwin S. Webster Foundation $5,000 - $9,999

Hugh J. Andersen Foundation Aileen S. Andrew Foundation Babson Mustard Family Fund George and Frances Ball Foundation The Frances and Benjamin Benenson Foundation, Inc. Beverly Robinson Campbell Foundation, Inc. Bruce Foundation CAMAC Foundation Carnahan-Jackson Foundation The George W. Codrington Charitable Foundation

Cogswell Benevolent Trust College Success Foundation Corstone Central Indiana Community Foundation Demoulas Foundation Emerson Charitable Trust The Fama Family Charitable Fund Zalec Familian and Lilian Levinson Foundation The Fann Family Foundation Max M. and Marjorie S. Fisher Foundation The Flocco Charitable Family Fund The Mary Alice Fortin Foundation The Paul Galvin Memorial Foundation Trust Edward and Verna Gerbic Family Foundation Germeshausen Foundation, Inc. Gottstein Family Foundation Greehey Family Foundation Griffith Family Foundation Verle and Eleanor Hammond Foundation Mr. and Mrs. David F. Hart Fund The Sandy Hill Foundation Houston Endowment, Inc. Davin Joseph Events for Cause Foundation, Inc. Harris and Eliza Kempner Fund Joseph Kennard Skilling Trust Kinder Foundation Kinder Morgan Foundation F.M. Kirby Foundation, Inc. Polly Annenberg Levee Charitable Trust

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Georges Lurcy Charitable and Educational Trust McCombs Foundation Myers Family Foundation, Inc. Oliver Memorial Trust Foundation The Richard Laurence Parish Foundation The Dr. P. Phillips Foundation Strake Foundation Charles J. Strosacker Foundation Cora Taylor Younger Smith Memorial Fund CHURCHES $25,000 - $49,999

Alfred Street Baptist Church, Alexandria, VA Brentwood Baptist Church, Houston, TX The Church Without Walls, Houston, TX Enon Tabernacle Baptist Church, Philadelphia, PA First Church of God, Columbus, OH $10,000 - $24,999

Antioch Baptist Church, Fairfax, VA Fountain Baptist Church, Summit, NJ Good Shepherd Baptist Church, Petersburg, VA Immanuel Baptist Church, New Haven, CT JEWEL Human Services Eastern Star Church, Indianapolis, IN

Macedonia Missionary Baptist Church, Eatonville, FL Mount Zion Baptist Church, Arlington, VA Silverlake Church, Pearland, TX Wheeler Avenue Baptist Church, Houston, TX Windsor Village United Methodist Church, Houston, TX $5,000 - $9,999

Anderson County Ministries, Anderson, SC Bright Hope Baptist Church, Philadelphia, PA Convent Avenue Baptist Church, New York, NY First Baptist Church Denbigh, Newport News, VA First Baptist Church, Hampton, VA Friendship Community Church, College Park, GA Mount Ennon Baptist Church, Clinton, MD Naf Financial Services, Texarkana, TX Saint Paul Baptist Church, Charlotte, NC Trinity Baptist Church, Inc., New York, NY West Los Angeles Church of God in Christ, Inc., Los Angeles, CA Zion Baptist Church, Inc., Petersburg, VA

COLLEGES $250,000 - $499,999

Bethune-Cookman University Edward Waters College Joint Campaign Florida Memorial University $100,000 - $249,999

Bennett College Dillard University Fisk University Joint Campaign Huston-Tillotson University LeMoyne Owen College Livingstone College Saint Augustine’s University Shaw University Philander Smith College Joint Campaign Tougaloo College Virginia Union University Joint Campaign $50,000 - $99,999

Benedict College Claflin University Clark Atlanta University Dillard University Jarvis Christian College Lane College Joint Campaign Morehouse College Joint Campaign Oakwood University Paine College Rust College Shaw University Spelman College Texas College Tuskegee University Wiley College Joint Campaign Xavier University of Louisiana Joint Campaign

$25,000 - $49,999

Allen University Interdenominational Theological Center Miles College Joint Campaign Morris College Saint Paul’s College Stillman College Joint Campaign $10,000 - $24,999

Arkansas Baptist College Johnson C. Smith University Talladega College Joint Campaign Wilberforce University $5,000 - $9,999

Friendship Public Charter School, Inc. Howard University Ivy Tech Community College New Schools for New Orleans Southeast Missouri State University Voorhees College PUBLIC WORKPLACE $100,000 - $249,999

Chicago Public Schools Combined Federal Campaign of the National Capital Area Greater Philadelphia Area and Southern New Jersey CFC Southeastern Michigan  Combined Federal Campaign $50,000 - $99,999

Chesapeake Bay Area Combined Federal Campaign

Chicago Area Combined Federal Campaign City of Chicago Department of Finance City of Los Angeles Combined Federal Campaign of Greater Atlanta Greater Cleveland Combined Federal Campaign Greater Giving Gulf Coast Combined Federal Campaign Greater New Orleans Area Combined Federal Campaign Los Angeles Unified School District New York City Combined Federal Campaign New York City Transit Authority State of Michigan Winston Salem Forsyth County Schools $25,000 - $49,999

Atlanta Public Schools Campaign Central Ohio Combined Federal Campaign Cincinnati Public Schools City of Detroit Combined Federal Campaign of Greater SoCal Combined Federal Campaign of South Hampton Roads Community Health Charities of Maryland, Inc. Cuyahoga Metropolitan Housing Authority Dekalb County Schools, GA Federated Campaign Stewards c/o Southeastern Michigan Area

Greater Cleveland Regional Transit Authority Gulf Coast Combined Federal Campaign Los Angeles City Treasury Metropolitan Chicago Combined Federal Campaign School District of Hillsborough County, Florida State Charitable Campaign of Georgia State of Minnesota Employee Giving Campaign State of Ohio Combined Charitable Campaign University of Minnesota $10,000 - $24,999

America’s Charities California Capital Region Combined Federal Campaign Combined Federal Campaign of Alabama Combined Federal Campaign of the Atlantic Coast CFC-Greater North Carolina CFC-Southeastern North Carolina City of Birmingham City of Cincinnati City of St. Louis Cleveland Municipal School District Columbus City Schools Combined Federal Campaign of the Mid South Combined Federal Campaign of the Central Florida Area Community Health Charities of Texas Management of Metroplex 2014 ANNUAL REPORT 34

MAJOR DONORS 2014

CPS Combined Charities Campaign Cuyahoga Community College Employees Campaign Federated Campaign Stewards c/o Fort Campbell Area CFC Fort Worth Independent School District Fulton School Employees Charitable Fund, Inc. Gateway Combined Federal Campaign Greater NC Area Combined Federal Campaign Greater Portland Combined Federal Campaign Heartland Combined Federal Campaign Hennepin County Housing Authority of the City of Atlanta Houston Independent School District Jefferson County Public Schools MARTA Employees Charity Club Metropolitan Arts Partnership Metropolitan Atlanta, Inc. CFC Metropolitan Water Reclamation District of Greater Chicago Muscogee County School District North Carolina State Employees Combined Campaign Northeast Florida Combined Federal Campaign School Board of Polk County Treasurer of the City of Chicago

University of Illinois at Urbana-Champaign Wells Fargo Bank Foundation $5,000 - $9,999

Central Indiana Combined Federal Campaign Chicago Area Combined Federal Campaign City of Atlanta City of Houston City of Kansas City City of Minneapolis City of Pensacola City of Savannah Combined Federal Campaign of Jackson Area Combined Federal Campaign of the National Capital Area County of Los Angeles CUNY Campaign for Voluntary Charitable Giving Dallas Independent School District Dayton Public Schools Detroit Public Schools Florence Public Schools Franklin County Combined Federal Campaign Global Impact Combined Federal Campaign-Overseas Greater Milwaukee Combined Federal Campaign Greater New Haven Combined Federal Campaign Greater Richmond and Petersburg Combined Federal Campaign Heart of Alabama Combined Federal Campaign

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Housing Authority of the City of Elizabeth King County Combined Federal Campaign Local Governments and Schools Campaign Los Angeles Unified School District Metro Public Transportation Services Miami-Dade Combined Federal Campaign Microsoft Middle Georgia Area Combined Federal Campaign Midlands Area CFC Minneapolis Public Schools Special School District No.1 Montgomery County Combined Federal Campaign New York City State Employees Federated Appeal Northeast Ohio Regional Sewer District Northern California Combined Federal Campaign OSU Bucks for Charity Combined Charitable Campaign Peninsula Combined Federal Campaign Potomac Combined Federal Campaign Principal Combined Fund Organization Ramsey County Warrants Unit Richardson Independent School District Saint Paul Public Schools Independent District 625

San Antonio and Bexar County Combined Federal Campaign San Diego Combined Federal Campaign School District of Palm Beach County State of Illinois Suncoast Combined Federal Campaign Tennessee Regional Combined Federal Campaign Toledo Board of Education World Bank Community Connections Fund CORPORATE WORKPLACE $100,000 - $499,999

AT&T JPMorgan Chase & Company Walmart Corporation Wells Fargo Bank, N.A. $50,000 - $99,999

Dallas-Fort Worth Metroplex CFC ExxonMobil Corporation IBM $25,000 - $49,999

American Express Company Atlanta Public Schools Campaign HSBC-North America JPMorgan Chase & Co. Employee Giving Campaign Southern Company United Airlines

$10,000 - $24,999

Argonne National Laboratory The Boeing Company CITGO Petroleum Corporation The Gillette Company Johnson Controls, Inc. Marathon Oil Corporation Microsoft Corporation Paramount Worldwide Productions Inc. Shell Oil Company Foundation Matching Gift World Bank $5,000 - $9,999

Bank of America Corporation Bridgewater Interiors, LLC ChevronTexaco Corporation The Clorox Company Coca-Cola Refreshments Community Network AATPA Educational Testing Service Employee Donations Employees Community Fund of The Boeing Company Eventbrite General Mills, Inc. Illinois Tool Works Foundation Kellogg Brown & Root, LLC (KBR) KeyCorp Merck Partnership for Giving PG & E Corporation Foundation Pepsico Foundation, Inc. PSE&G Corporation Regions Bank Sempra Employee Giving Network Sempra Energy Foundation

INDIVIDUALS $100,000 - $499,999

Kenneth I. and Kathryn Chenault Doris and Donald Fisher Fund Four Promises Fund Reed Hastings, Jr. Wendell Joice Dr. George Wallerstein $50,000 - $99,999

Joyce C. Backhaus Reginald Van Lee Carla B. Vernon $25,000 - $49,999

Henry “Hank” and Billye Suber Aaron James A. Carolina Trammell S. Crow Alfred G. Goldstein Connie J. Green George W. Heydweiller Shelia Hodges Caleb Kramer Woodrow A. Myers Salvatore A. Ranieri $10,000 - $24,999

John M. and Alix Ankele Oduwole Bakare Lewis Bear Allen I. and Joan Bildner Moreton Binn Robert W. Bogle Kevin Brookins Roger O. Brown Judy Buechner Clifford N. Burnstein Joan F. Coker

Eric E. Coombs Willma H. Davis Theresa Debbrecht Mark Gibson Gwenda and John Hanson Fund James L. Heath Mary P. Hines Dora Donner Ide Fund Marjorie S. Isaac Paula R. Garrett Peter and Ann Gilbert Raymond V. Gilmartin Betty W. Johnson Ervin Johnson Wayne D. Jordan Franklin R. Kellogg Joseph Kinard Joan T. Mallonee Jamie P. Merisotis Laurie Michaels Advised Fund The Minneapolis Foundation Donor Advised Funds Nashner Fund Keith D. Nosbusch Leann Peterson Marcel A. Pratt Derica Rice Joseph Rice Jean R. Robinson David Rockefeller Carolyn Kever Rosin Kenneth B. and Andrea Saffir Albert Scarcelli Michael M. Schnitzer Sirretha Joy Angela D. Smith Alison D. Stewart Andrew P. Swiger Roderick Tate Robert D. Webb

Jeffrey L. Webber Kevin W. Williams Grace Wood Giving Fund $5,000 - $9,999

Antoine Allen Walter C. and Lucy I. Astrup Fund Jewell Bass Yasmin T. Bates-Brown Marc and Alicia Belton Ronnie L. Bennett Wanda Bergeron Albert P. Black Sheldon M. Bonovitz Barbara L. Bowles Jonathan Bozbeckian Erika Bryant Justin G. Bullion Lucy A. Cade Kenneth A. Charles Leonard Cherry Melva D. Christian Lora B. Clemmons Edward A. Coburn Celia A. Colbert Nancy Columbia Carley M. Crose Kathy Dahlke Carl C. Dalstrom Elaine M. Daniels Sarah H. Davenport Theresa Debbrecht Joseph T. Derry Frances K. Dibner Drake Fund Alexia Dupont Keith Durden Emery Family Fund Tom Enmon 2014 ANNUAL REPORT 36

MAJOR DONORS 2014

Evans Skidmore Family Fund Fidelity Charitable Gift Fund Doug Foshee Eunice Lee Fuller Fund Adam and Carol Geballe Fund Barbara B. Gentry Susan Gillaspie Michelle Gobert Lawrence Gralla Nancy Gullick Jeanette Y. Hadley Janette E. Hammond George D. Harmon Michael Harrington Charles A. Harvey L.J. Hayes Johnny Hurt Paulette H. Jackson Anthony Jones Robert Jones L. Daniel and Patricia Jorndt Ronald G. Kaminski Lucia Kellar Gayle King Kistulinec Family Fund Francis T. Kristoff Julianna Landolt Basil G. Lee Theodora R. Lee, Esq. Lisa Lenon and William Stanton Polly Annenberg Levee Charitable Trust Nathan L. Levenson Dr. Michael L. and Mrs. Cheryl Lomax Estate of William H. Gray, III Erika Martin A.T. McLaughlin Julia Jones Matthews Family Trustee

Alan K. Mills Kim Nelson Karen H. Nolen William O’Malley The Pebble Project Kimberly M. Persley John S. Prigge Joy Collins Profet Samuel Reed Early Wendell Reese Fund William & Eleanor Revelle Stephen A. Roell Stephen R. Rosenthal Bruce Schaller & Dawn Wheatley Family Fund Peter and Cynthia A. Schliemann The Schwab Charitable Fund Brad Serlin Marsha Serlin Donald R. Shauger Bernard Silverstone Matthew E. Steinmetz Nodie M. Washington Marion Watters Elijah White John W. White William K. Whitner Gregory Wilson Alan J. Wilson

$100,000 - $249,999

$25,000 - $49,999

Charlotte Cooke Estate Estate of Alvin L. Marty Gladys Harper Robinson Trust Estate of Vaudrey L. Tipton, Jr.

Alpha Kappa Alpa Sorority, Inc. The Greater New York Inter-Alumni Council Northern Ohio Inter-Alumni Council

$50,000 - $99,999

Dorothy Ann Fowler Trust Syd Hoff Trust Estate of Marjorie R. Kaufman Estate of Alfred Eli Sapp, Jr. Estate of Jean M. Trubey $25,000 - $49,999

Charles B. Jones Trust Estate of Benjamin Walter Watson $10,000 - $24,999

Michael Arpajolu Trust Andrew Sugamele Trust Estate of Robert Taylor of Sandra Brown Thompson Trust Stuart S. Wessing Trust $5,000 - $9,999

$500,000 - $999,999

Estate of Joseph M. Alberstadt Estate of Leona Feyer Gabriel Isakson Trust Estate of Valita Jean Shepperd Estate of Harold I. Sherman Francis H. Tucker Trust Patricia Clark Trust

Estate of Loyette Gamba Goodell

GROUPS

$250,000 - $499,999

$50,000 - $99,999

ESTATES

Estate of Zelma B. Forney Estate of Adrian C. Holder

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UNCF/Washington Inter-Alumni Council

$10,000 - $24,999

American Association Retired Personnel Association of Public and Land Grant Universities Central Florida Black Nurses Association Chicago Inter Alumni Council Jack and Jill of America, Inc. Los Angeles Bridge Unit NAACP National Association of Negro Business & Professional Womens Club Inc. New Jersey Labor Advisory Board Team  AEP Team OCLC UAW-Ford National Program $5,000 - $9,999

American Bridge Association Beta Pi Sigma National Sorority Knights Of Peter Claver Junior Daughters Court 159 Las Vegas Metropolitan Inter-Alumni Council NAACP Legal Defense & Education Fund, Inc. Neighborhood House Association Philomethean Club

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BOARD OF DIRECTORS*

Celia A. Colbert James Dimon Chairman and CEO JPMorgan Chase & Co. Robert Druskin Executive Chairman The Depository Trust & Clearing Corporation William Gipson Chief Diversity Officer, Senior Vice President of Research and Development, Global Hair Care and Color The Procter & Gamble Company Alfred G. Goldstein President and CEO A.G. Associates Tracey Griffin Principal McKinsey & Co. Lloyd Howell, Jr. Vice President Booz Allen Hamilton

Milton H. Jones, Jr. Chariman and CEO Certus Bank, N.A.

Tamara Harris Robinson CEO, Haramat Group Robinson Harris Foundation

John K. Martin Chief Financial and Administrative Officer Time Warner, Inc.

David Sable Global Chief Executive Officer Young & Rubicam

Mark Mason CEO Citi Holdings Glenda Goodly McNeal Senior Vice President, Global Partnerships American Express Kristin Oliver Executive Vice President, U.S. People Walmart Laurie Readhead Executive, eChannels and Customer Solutions Bank of America

Reed Hundt Principal, REH Advisors CEO, Coalition for Green Capital

Kevin Rhein Senior Executive Vice President, Technology and Operations Wells Fargo

Jennifer Hunter Senior Vice President Altria Group, Inc.

Linda Johnson Rice Chairman Johnson Publishing Company

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Teresa M. Sebastian Senior Vice President, General Counsel and Secretary Darden Restaurants

INSTITUTIONAL DIRECTORS Dr. David L. Beckley President Rust College Dr. George C. Bradley President Paine College Dr. Carlton E. Brown President Clark Atlanta University

William Shaw William F. Stasior Senior Chairman Booz Allen Hamilton Carolyn Stewart International President Alpha Kappa Alpha Sorority, Inc. Andrew P. Swiger Senior Vice President Exxon Mobil Corporation Kevin Williams President and Managing Director General Motors Canada, LTD

Dr. Ronald L. Carter President Johnson C. Smith University Dr. Larry L. Earvin President Huston-Tillotson University Dr. Dwight Fennell President Texas College Mr. Nathaniel Glover President Edward Waters College Dr. Beverly Wade Hogan President Tougaloo College Dr. Ernest C. McNealey President Stillman College

BOARD OF DIRECTORS*

Dr. Claude G. Perkins President Virginia Union University Dr. Cleveland L. Sellers, Jr. President Voorhees College Dr. Haywood L. Strickland President Wiley College Dr. Dianne Boardley Suber President Saint Augustine’s University Dr. David H. Swinton President Benedict College

David H. Swinton, Ph.D. Vice Chair of the Board (Institutional Director) and Vice Chair of the Executive Committee Michael L. Lomax, Ph.D. President and CEO Amma Tanksley-West Secretary of the Corporation Desireé Boykin, Esq. Assistant Secretary Malvina R. Kay Assistant Treasurer

Dr. Beverly Daniel Tatum President Spelman College OFFICERS OF THE CORPORATION William F. Stasior Chair of the Board of Directors and Chair of the Executive Committee Alfred G. Goldstein Vice Chair of the Board of Directors





*as of March 31, 2015 2014 ANNUAL REPORT 40

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OUR MISSION UNCF envisions a nation where all Americans have equal access to a college education that prepares them for rich intellectual lives, competitive and fulfilling careers, engaged citizenship and service to our nation. UNCF’s mission is to build a robust and nationally-recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates and to ensure that our network of member institutions is a respected model of best practice in moving students to and through college. UNCF’s North Star is to increase the total annual number of African American college graduates by focusing on activities that ensure more students are college-ready, enroll in college and persist to graduation. This is done through a three-pillar strategy: » Positioning member institutions as a viable college option for students and investing in institutional capacity to improve student outcomes; » Creating transformational support programs to ensure students are enrolling and persisting through college completion; » Building awareness of educational attainment and cultivating college-going behaviors within the African American community.

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IT’S NEVER TOO EARLY TO INVEST IN A GOOD THING. INVEST IN BETTER FUTURES AT UNCF.ORG/INVEST ®

1805 7th Street, NW Washington, DC 20001 UNCF.org 83  UNCF: INVEST IN BETTER FUTURES®