From the Foundation President
Dear Friends and Alumni,
As Longwood University celebrates its 175th anniversary, it is my honor to provide the 2013-14 President’s Report and Annual Report of Gifts on behalf of the Longwood University Foundation Board of Directors.
The Foundation’s assets continue to see strong growth, with total assets of $76.5 million and endowed assets of $69.3 million as of June 30, 2014. The majority of the investments is being managed by Spider Management, and approximately $19 million of investment return has been added since July 1, 2010. The Foundation Board has strong confidence in the team at Spider Management and looks forward to a long partnership.
We are also very excited about the new construction of the Norman H. and Elsie Stossel Upchurch University Center. Mrs. Upchurch ’43 provided the lead gift, serving as the cornerstone of a student center that will enhance the Longwood experience for many generations of students to come.
The Foundation looks forward to supporting Longwood—and its mission to develop citizen leaders—for the next 175 years.
Bart H. Mitchell
President, Longwood University Foundation, Inc.