2006 AIKCU Annual Report

8/6/2019 2006 AIKCU Annual Report

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2006IndependentKentucky Collegesand Universities

The Association of

Partners for the

Commonwealth

Annual Report


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Degrees:

Collective51%6-yeargraduationrate1

5100bachelorslevelorhigherdegreesannually2a

21.9%oKentuckysbachelorsdegrees

15%omastersdegrees 33.5%obiology/biologicalsciencesbachelorsdegrees

37.6%omath/statisticsbachelorsdegrees

26.2%oallbachelorsdegreesinphysicalsciences,including

27.4%inchemistry

42.6%inphysics

25.9%obachelorsdegreesinelementaryeducation

23.2%obachelorsdegreesinspecialeducation

24%obachelorsdegreesinnursing(RNandpost-RNtraining)2b

Enrollment:

27,000+students

11%oallpostsecondarystudentsinKentucky

19.7%oouryearstudentsinKentucky

74.5%Kentuckystudents,romall120Kentuckycounties2d

8.5%minority;6.2%Arican-American1

68.5%averagerst-yearretentionrate1

Affordability:

2006-07averagetuitionandees:$15,274(excludingBerea,whichchargesnotuition:$16,050)3

2006-07nationalprivatecollegeaverage:$22,2184

40%oallundergraduatesreceivePellGrants;48%oull-timeundergraduatesreceivePellGrants5

$44.9millioninvestedbytheCommonwealthinstudentnancialaidin2005-06(KTG,KEES,CAP)6

Morethan$130millioninstudentnancialaidprovidedbytheinstitutionseachyear1

84%orst-time,ull-timestudentsreceiveinstitutionalaid1

$6039averageinstitutionalaidpackage1

Averagegraduatestudentloandebt$14,805,lowerthanpublicuniversitystudentdebtaverageo$16,224,accordingtotheProjectonStudentDebt7

Cost-Benefit to Commonwealth:

3.5percentototalstatepostsecondaryspendinginnancialaidtoAIKCUstudents(KTG,KEES,CAP)8

$0=costtostatetoeducatenearly7000outostatestudents

Quick Facts About Kentuckys Independent Colleges and Universities

Sources:

1IntegratedPostsecondaryEducationDataSystem

(IPEDS)2CPEComprehensiveDatabasea.2005-06Degrees;b.2004-05Degrees,includessecondmajors;c.Est.Fall2006Enrollment,d.OfcialFall2005Enrollment

3AIKCUAnnualTuitionandFeesSurvey

4College Boards Trends in College Pricing 2006

5Fall2004-Fall2004EnrollmentDataromCPE,PellDataromOfceoStudentFinancialAssistance,USDept.oEducationviaNAICU,analysisbyAIKCU

6KHEAA

7Projectonstudentdebt.org

8BudgetinormationromCPE,nancialaidromKHEAA

AIKCU Student Financial Aid

(KEES,KTG,CAP)

Other Private Institutions Student Financia

Aid(KEES,CAP,KTG)

Public College and University Student

Financial Aid(KEES,CAP)

State Appropriation(includesfundingfor

theCPE,thepublicinstitutionsandrecurring

trustfunds,butexcludescapitalprojects)

Kentucky Higher Education Spending 2005-06source:KHEAA,CPE

3.5%

0.8%9.0%

86.6%

1 Alice Lloyd College

Pippa Passes

alc.edu

2 Asbury College

Wilmore

asbury.edu

3 Bellarmine University

Louisville

bellarmine.edu

4 Berea College

Berea berea.edu

5 Brescia University

Owensboro

brescia.edu

6 Campbellsville

University

Campbellsville

campbellsville.edu

7 Centre College

Danville

centre.edu

8 Georgetown College

Georgetown

georgetowncollege.edu

9 Kentucky Christian

University

Grayson

kcu.edu

10 Kentucky Wesleyan

College

Owensboro

kwc.edu 11 Lindsey Wilson College

Columbia

lindse y.edu

12 Mid-Continent

University

Mayfield

midcontinent.edu

13 Midway College

Midway

midway.edu

14 Pikeville College

Pikeville

pc.edu

15 St. Catharine College

St. Catharine

sccky.edu

16 Spalding University

Louisville

spalding.edu

17 Thomas More College

Crestview Hills thomasmore.edu

1 8 Transylvania

University

Lexington

transy.edu

19 Union College

Barbourville

unionky.edu

20 University of the

Cumberlands

Williamsburg

ucumberlands.edu


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Learn more. Visit AIKCU.org

2 . . . . . Affordability

3 . . . . . My Story

4 . . . . . Academics

6 . . . . . Spotlight on Toyota

8 ..... Scholarship Partners

10 . . . . Business Partners

14 . . . . 2005-06 Highlights

20. . . . Economic Impact

The Association of Independent Kentucky Colleges and Universities

Partners for the Commonwealth Annual Report


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Kentuckys independent colleges anduniversities are accessible to studentsrom all fnancial backgrounds, thanksto a combination o low averagetuitions, generous institutional aid,and the availability o ederal and statestudent fnancial aid programs.

Average tuition and ees charges atAIKCU institutions are about 1/3

lower than the nationalindependent college average97 percent o frst-time, ull-time

students receive some orm ofnancial aid40% o all AIKCU

undergraduates qualiy or PellGrants, the ederal aid program orthe lowest income studentsCampuses award more than $130million in grants and scholarships

each yearStudents received nearly $45million in state student fnancialaid awards in 2005-06AIKCU students who borrow

money or college graduate withlower average student loan debtsthan students at Kentuckys publicuniversities

AffordabilityAverage 006-07 Tuition and Fees

AIKCU Institutions: $15,274

Southern Independent Colleges &Universities: $19,455

National Independent Colleges &Universities: $22,218

Source: AIKCU Institutional Survey, College Board

Average Financial Aid Awards

(003-04):

Institutional Aid: $6,178

Federal Aid: $2,994

State Aid: $3,247

Source: IPEDS 2004

005-006 Kentucky Financial Aid

to AIKCU Stud ents:

Kentucky Tuition Grant (KTG):$22,847,971

College Access Program (CAP):$7,666,621

Kentucky Educational ExcellenceScholarship (KEES): $14,408,409

Total: $44,923,001Source: Kentucky Higher Education Assistance

Authority

KTG CAP KEESTotal: $44,923,00 1

Institutional

Aid

Federal

Aid

State

Aid

0

AIKCUInstitutions

Southern

Independent

Colleges &Universities

National

Independent

Colleges &Universities


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Why support Kentuckys student financial aid programs?

See more AIKCU student stories at

http://www.aikcu.org/studentprofiles.cfm

Donna MillsKentucky Christian UniversityI am thankul or the opportunity

that has been made available or meto attend school ater I have built myamily. I nancial aid had not beenavailable or me to utilize, I wouldnot have been given the opportunityto support my amily while educatingmysel or provide or a better uture.Without education our lives neverimprove. Without nancial aid,education wouldnt be possible!

Beth Ann MitchellKentucky Wesleyan CollegeFinancial Aid is a necessity or college

students. Te Kentucky uition Grantand Kentucky College Access Programmade it possible or me to attendKentucky Wesleyan College. Withoutboth o these, I never would have beenable to go to a private, aith-basedcollege like KWC.

Morgan Blantonransylvania UniversityComing rom a small town in rural

Eastern Kentucky, college is notalways an option. Many, includingmysel, cannot aford the nancialburden that college tuition placeson amilies. However, thanks tothe scholarship money ransylvaniaUniversity ofered, as well as the KEESand KG money I qualied or, I amable to attend ransylvania and pursuea biology major. I hope to completethe Pre-Med program and somedayset up my own pediatric practice

back home in the mountains, to helpprovide quality healthcare to those lessortunate. Without nancial aid, noneo my goals would be possible. I amextremely grateul or this opportunity.


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Health and Medical:

Athletic rainng, Audiology,Community Health Services/Counseling, Counseling Psychology,Emergency Medical Services,Kinesiology, Nursing, OccupationalTerapy, Physical Terapy, Radiologicechnology, Sonography, Surgicalechnology, Doctor o OsteopathicMedicine (D.O.)

STEM (S cience, Technology,

Engineering and Math):

Agriculture, Biology, Biochemistry,Chemistry, Clinical Science,Computer and InormationSciences, Cytotechnology, Ecology,Environmental Science, Pre-Engineering (or 3-2 programs), EquineStudies, Forensic Science, Industrialechnology, Mathematics, Physics,Psychology, Zoology

Why does Toyota Motor Manufacturing Kentucky

support AIKCU students and the liberal arts?

Our environment is probably not so dierent rom othercorporations nowadays where competition is tough

and proft margins can only be increased as a result ocontinuous improvement and breakthrough businesspractices. Also, we rely heavily on team eort and worktoward organizational excellence rather than individualexcellence. We solve problems every day based on actand solid analysis rather than to jumping to conclusionsand attacking the wrong problem. In our ast pacedenvironment, it is absolutely necessary to have completeand thorough communication in order to understandorganizational needs. And while our environment giveseveryone more than enough work to do while on the

job, we encourage our team members to give back totheir communities when they can.

So, why have we been so successul withgraduates rom independent Kentuckyschools?

Because these students are eectiveproblem solvers;

Because they can think critically andhave solid analytical skills;

Because they can work well with others

in a team atmosphere;

Because these students can speak andwrite eectively;

Because they are creative risk-takingthinkers not satisfed with the statusquo;

Because these graduates becomeimportant and giving members o thecommunities in which they reside.

Tom Zawacki, MMKs GeneralManager o General Administration(and the ather o two independentKentucky college graduates),at the Fall 2005 AIKCUBanquet.

Te Pikeville College School of Osteopathic Medicine is traininga new generation of doctors to serve the needs of Appalachia.


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Toyota Motor Manuacturing Kentucky (TMMK) celebrated its20th anniversary in the bluegrass in 2006. Today, approximately

7000 team members manuacture the best-selling Camry(including the new Camry Hybrid), Avalon, and Solara modelsat the 1300 acre Georgetown acility.

Toyotas presence over the last twenty years has made atremendous impact on the economy o central Kentucky andthe surrounding region. Yet the benefts that Toyota has broughtto the region stretch well beyond the bottom line. TMMK hasgiven in excess o $26 million in contributions and sponsorships

since it was incorporated in 1986 to education, civic groups,health and human services, culture and the arts, and theenvironment. Additionally, Toyota team members donateapproximately 35,000 volunteer hours annually through thecompanys Volunteers in Place (VIP) program.

One o the highest priorities o TMMKs philanthropic programis education. Since the philanthropic program was establishedin 1989, TMMK has provided $8.9 million in support o

education and another $500,000 in sponsorships. GeorgetownCollege, Junior Achievement, the Kentucky Community andTechnical College System - Center or Excellence in AutomotiveManuacturing , the Kentucky Governors Scholars Program, thePrichard Committee or Academic Excellence, and the YMCABlack Achievers are just a ew o the education organizationsToyota supports.

On behalf of its members and

the hundreds of students whohave benefited from Toyotas

generosity, AIKCU would

like to thank Toyota Motor

Manufacturing Kentucky for

twenty great years.

Celebrating 20 Years of

Toyota in Kentucky


9/24


During that time, TMMK has contributedmore than $748,000 dollars in scholarship

support to AIKCU students through regularcontributions to the AIKCU Named ScholarsProgram. TMMKs $70,000 contributionto the AIKCU Named Scholars Program in2005-06 provided a $3,500 scholarship ortwenty deserving Toyota Named Scholars,one at each AIKCU member institution.

AIKCU is pleased to announce that TMMKis continuing this high level o support or

AIKCU students in 2006-07.

On behal o its members and the hundredso students who have benefted rom Toyotasgenerosity, AIKCU would like to thank ToyotaMotor Manuacturing Kentucky or twentygreat years. Toyotas sustained investment inindependent college students is one that willpay dividends in Kentucky or years to come.

Photos courtesy of TMMK


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Ashland, Inc.www.ashland.com

Ashlands named scholarships providenancial support or education majorsat AIKCU institutions with accreditededucation programs. Ashland hassupported AIKCU students since thelate 1980s.

Josh Patrick,University of the Cumberlands

It is truly an honor to this scholarshiprom a company thatpromotes education.

Tis scholarshipwill help mereach my goalo becoming ateacher.

E.ON US Foundationwww.eon-us.com/oundation/

Committed to social responsibility, theE.ON U.S. Foundation proactivelysupports many philanthropic initiativeswith the intent to improve thequality o lie in communities wherethe Company provides service. TeE.ON U.S. Foundation continues the

longstanding support o AIKCU by itssubsidiaries, LG&E and KU. KentuckyUtilities was one o the oundingdonors o the Kentucky IndependentCollege Fund (a precursor o AIKCU)in 1952.

Carrie Bistline,Union College

Tank you so much or giving methe opportunity to go to college andaccomplish the goals that I have alwayshoped to achieve. I cantexpress how much yourgenerosity means to me!

The Gheens Foundationwww.gheensoundation.orgTe Gheens Foundation, one othe largest private oundations inKentucky, is a longstanding supportero Kentuckys independent collegesand universities. Te Foundationoversees the distribution o more than$4 million annually to a variety oeducation, economic development,medical, arts, social/health services,handicapped, mental health and otherprograms.

Sunnie Dae Yates,St. Catharine College

Ater graduating as an honor studentrom Marion County High School,I embarked on a six year career withUnited Parcel Service.I chose tocontinue my education in nursing

because I elt that nursing was a eldthat would allow me to positivelyinfuence society asa whole.I can notthank you enoughor this git.

Scholarship

Partners

Giving through the Association is an efficientway for donors to invest in independent highe

education in Kentucky. Donors can contributeto multiple institutions supporting multiple

students with a single donation. The partnerslisted here made a significant investment in the

future of the Commonwealth through their suppoof scholarships for AIKCU students during the

2005-06 fiscal year.

Named Scholars Partners ($20,000 or more)


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Keenelandwww.keeneland.com

Trough a charitable contributionsprogram, Keeneland supports highereducation, research, health and generalwelare with a portion o its racing andsales profts. Te Keeneland Associationrestricts its contributions to projectsand organizations located primarily

in Central Kentucky. Te primarycategories o unding or the KeenelandAssociation Contributions Program areResearch, Higher Education, Healthand General Welare.

Nicole Hatfield,Midway College

Te support o the KeenelandFoundation helps to uel my goal inbecoming a key player in the Kentucky

equine industry and also motivatesme to continue to do all I can toachieve success. Tanks to fneoundations such asyours, the dreams ostudents can continueto be made into reality.

Toyotaoyota Motor ManuacturingKentucky (MMK) celebrated its 20thanniversary in the bluegrass in 2006.(See special section about Toyota on pages 6-7)

Courtney White,Georgetown Col lege

I would like to thank each and everyone o you or considering me or thisscholarship. With this scholarship I

plan on continuing myeducation with the hardwork and dedicationpeople like yourselvesshow on a daily basis.

UPS Foundationwww.ups.com

Each year, through the Foundationor Independent Higher Education(FIHE), UPS supports scholarshipsat each o the nations independentcolleges.

Jason Ford,

Bellarmine UniversityI cannot begin to thank you enoughor your support o my education.Without the help o beneactors likeyour company, mysel and many otherswould not be able to obtain the fneeducation that we do.I know thatthis education is a priceless git thatcannot be taken orgranted. Your supportmeans ar more than Iever could put intowords.

Anonymous

Oscar D. Dawahare

Delta Natural Gas Co.

E.M. Ford & Company

HNI Charitable Foundation

The MacLean Foundation

Mansbach Foundation, Inc.

Paul E. Patton

Rosenthal Foundation, Inc.

Whayne Supply Co.

A.O. Smith Foundation

Vivian M. Bowles

Gary R. Bricking

Charles A. Bringardner

Robert L. Caummisar

Norman Chrisman

Gary S. Cox

William H. Crouch

Mason Dyer

Kurtz Auction & Realty

Company

Baylor Landrum

William T. Luckey

McBride Fund (John McBride)

Peoples Bank & Trust

Company, Owenton

John E. Plamp

Harold H. Smith

Margaret Stallmeyer

Joseph A. Stepp

James H. Taylor

Other

Corporate

and Individual

PartnersUpto$1000

$1000to$20,0

00


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10 Learn more. Visit AIKCU.org

Business

PartnersBell Industriesbelltechlogix.com

Bell ech.logix is a group o BellIndustries, Inc. dedicated toproviding a wide range o inormationtechnology solutions. Bell ech.logixoers AIKCU members consortialpricing on Microsot products andwill work with AIKCU to exploresimilar savings opportunities withother sotware companies. Bellprovides a customized, web-basedordering system with real-time pricingand order management or each

participating AIKCU campus.

Commonwealth

Administrators

catpa.comCommonwealth Administrators, aFiserv Health company, is the thirdparty administrator chosen by theAIKCU Beneft rust to assist inthe development and managemento AIKCUs sel-unded insuranceprogram.

AIKCUs Office of Business Services works with campuses

to identify, develop, and manage business partnerships that

help campuses realize cost savings and increase efficiency.

Participation in all partnership agreements by individual

campuses is voluntary.

These business partners play a vital role in supporting AIKCUstudents by helping keep costs down for our member campuses.

The institutions are then able to pass those benefits on to students in

the form of affordable tuition and financial aid.

Commonwealth Risk

Solutions, Ltd.

AIKCU has partnered withCommonwealth Risk Solutions, Ltd.(Part o the Nelson Insurance Groupin Louisville, KY) to oer a studenthealth insurance program to membercampuses. Te plan oers AIKCUstudents signifcant health insurancecoverage or a minimal cost.

eCampus.comecampus.com

eCampus.com is an online companywhose mission is to provide theeasiest, astest, cheapest way orcollege and university students tobuy textbooks and stu. SomeAIKCU campuses utilize eCampus.com to support their e-commerce anddistance learning activities, while othercampuses have replaced the on-campusbookstore with eCampus.com.

ESL Globaleslglobal.org

ESL Global is AIKCUs partnerin student recruiting in aiwanand China. ESL Global representsAIKCU and its member institutions

at a number o recruitment events inaiwan, including college airs andsummer English camps or Asianstudents. ESL Global distributesinormation about AIKCU campusesand acts as a liaison betweenprospective students and membercampuses.


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Learn more. Visit AIKCU.org 11

JPMorgan Chasejpmorgan.com

JP Morgan Chase provides

participating AIKCU campuses accessto a national, no-ee procurementcard program or higher education.Tis MasterCard product utilizes aweb-based card management systemto help campuses control and monitorspending. Each campus sets its ownspending limits, controls types opurchases, and has access to electronicexpense reporting. JPMorgan Chaseprovides ree online training, use othe web-based system, cards, andnumerous reports to participatingmember campuses. Participatingcampuses also earn yearly rebates basedon the aggregate spending nationwideo all participating institutions.

Kentuck y Recycling (KRC)Kentuckyrecycling.com

Kentucky Recycling oers AIKCUcampuses a cost-ecient, compliant,secure, and environmentallyresponsible option or disposing ocampus electronic waste.

Kentucky School Boards

Associationksba.org

AIKCU partners with the KentuckySchool Boards Association to oerproperty, casualty, and liabilityinsurance to member campuses. Inaddition to providing competitiverates on insurance products to AIKCUcampuses, KSBAs Insurance rust hasreserved a spot on their board or anAIKCU representative and provides ahost o training services to all AIKCU

members at little or no cost.

Kentucky Virtual LibraryKYVL.org

Te Kentucky Virtual Library is astatewide network o libraries knowncollectively as Kentuckys inormationsource. AIKCU campuses collaborateto purchase access to KYVLs morethan orty databases at a much lowercost than individual campuses couldnegotiate on their own.

Learning Houselearninghouse.com

Te Learning House, Inc. is acomprehensive eLearning servicescompany that creates online degreeand proessional developmentcourses, creates customized content inmultimedia ormat (CDs, video, audioash, etc.), builds online campuses,leases online degree and proessionaldevelopment courses and sells onlinecourses and products rom its eStore.Te Learning House makes it easy orcampuses to enter the world o onlineeducation by oering complete onlinecampus creation and managementservices. Te Learning House alsocreated and manages the AIKCUwebsite and provides signifcant in-kindsupport o the Association.


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Business

Partners

Office Depotocedepot.com (retail)http://bsd.ocedepot.com (AIKCUmember program)

Oce Depot provides AIKCUmembers with signicant discounts onoce supplies and related products.In addition to aggressive pricing, theprogram provides campuses with alocal Oce Depot representative,online ordering, and quarterly businessreviews to drive compliance andreduce spending. Te relationshiplinks AIKCU member campuses withthe buying power o more than 2,500campuses in 48 states through theA Alliance, which is composed oour Interstate Compacts or HigherEducation.

Tech Depot

techdepot.comA division o Oce Depot, echDepot provides AIKCU members withdiscounts on computer and technologyproducts as part o AIKCUspartnership with Oce Depot.

SMTC-Abilitaabilita.comSMC oers AIKCU memberinstitutions a unique set o consultingservices ocused on reducingtelecommunications expenses. SMCoers AIKCU campuses a zero risk, in-depth analysis o the members currenttelecommunication services. SMCprovides the member with a summaryo its ndings and recommendations,including cost saving solutions asappropriate. SMCs ees are earnedthrough sharing the savings over a24-month period. I SMCs ndingsproduce no savings, AIKCU memberspay nothing.

SuperFleetsuperfeet.net

Marathons SuperFleet uel discountprogram helps AIKCU membersmanage their uel expenditures.Te majority o AIKCU campusescurrently participate in the SuperFleetprogram, which uses a card swipesystem to automatically take advantageo campuses tax-exempt status at thepump at Marathon, SuperAmerica,Speedway, and Pilot uel centersnationwide. Campuses can keep tracko uel purchases with online recordkeeping. Additional benets romthe partnership include employmentopportunities or students, anddiscounts or AIKCU students, aculty,sta and alumni.


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The Student Loan Peoplethestudentloanpeople.com

Te Student Loan People is the sisteragency o the Kentucky HigherEducation Assistance Authority andis Kentuckys only public, nonprotstudent loan provider. Te StudentLoan People oers the lowest coststudent loans in Kentucky andprovides millions o dollars annuallyor borrower benet programs andor additional student awards or theCollege Access Program (CAP) Grant,Kentucky uition Grant (KG), andother KHEAA student aid programsor Kentucky students.

Valvoline Instant O il Chang evioc.com

Valvoline Instant Oil Change (VIOC)- the nations second largest quick-lube chain and a business group oValvoline, a division o Ashland, Inc.- oers VIOCs feet managementservices to AIKCU member campuses.Like the SuperFleet program, tax-exempt recognition and online recordsmanagement are provided to campusesthat choose VIOC or their feetservice needs. Student employmentopportunities and discounts orstudents, aculty and sta, and alumniare also a part o this program design.


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Mid-Continent University joins

AIKCU

Mid-Continent University o Mayfeld,Kentucky, became AIKCUs twentiethmember when the Board o Directorsvoted unanimously at the all 2005meeting to welcome Mid-Continentinto the Association. Te additiono Mid-Continent unifes all o

Kentuckys nonproft, SACS-accreditedour year colleges and universities.o learn more about Mid-ContinentUniversity, visit www.midcontinent.edu

AIKCU Launches Redesigned

Website

A newly redesigned AIKCU website www.aikcu.org launched in Februaryo 2006. Te site, created and hostedby AIKCU partner Te LearningHouse, Inc., includes a wealth oimprovements. Visitors can now ollowthe latest news related to Kentuckys

independent colleges and universities,download AIKCU reports, read profleso campuses, students, and alumni,and utilize the AIKCU Policy Centerto contact their legislators about issuesimportant to independent colleges.

Kentucky Private College Week

Grows in 2006

For the third summer, AIKCUcampuses opened their doors toprospective students and their amiliesor a coordinated, weeklong series ocampus visits during Kentucky PrivateCollege Week. Te common visitschedule and online registration make

it easy and convenient or students tocheck out up to ten campuses in oneweek. Students receive application eewaivers or each campus they visit andare automatically entered in a prizedrawing i they visit three or morecampuses during the week. In 2006,197 students completed 383 campusvisits during Kentucky Private CollegeWeek, an increase o 40 percent over2005.

2005-06


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18/24


AIKCU Students Intern with

Legislators

AIKCUs annual Frankort SpringSemester Internship Program bringsstudents to Frankort during thespring to study and explore careersin public service. In even-numberedyears, interns work directly with statelegislators. In odd-numbered years,

students are placed in a variety o stategovernment agencies. Students worka minimum o 30 hours per week andattend seminars in the evenings toqualiy or up to 15 credit hours (inaccordance with their home campusspolicies). Heres what a ew 2006interns had to say about their time inFrankort:

In my career at Pikeville CollegeI could have never learned from atextbook the details associated with

lawmaking that I learned during myinternship.

Rachel Ratlif, Pikeville College,

intern or Representative JereyHoover

I do not think that anything else Iever do could teach me as much as Ilearned . . . Tis internship taughtme more about where I want to go

and life and the type of person I wantto be than any other experience I will

ever have in my lifetime.

Ashley Koch, ransylvaniaUniversity, intern or RepresentativeKathy Stein

Lexington Legends Private

College Night

AIKCU members invaded theLexington Legends ApplebeesStadium in April or a special PrivateCollege Appreciation Night. Eachparticipating campus was provideda table in the concourse to set uppromotional displays and greet

prospective students, riends, andalumni beore the game. Tere wasa pre-game mascot parade, andeach participating campus selecteda representative to throw out aceremonial frst pitch. On-feldcontests between innings a three-legged race, dizzy bat competition, andothers pitted the campuses againsteach other in a trophy competition.Alice Lloyd College took home theoverall title.

2005-06


19/24


Independent College License Plates

Grow in Popularity

Students, alumni, and riends oKentuckys nonprot, independentcolleges and universities increasinglychoose to support their avoritecampus by putting their pride ontheir plates. Overall sales o the platesrose 8.6% in 2005. en dollars rom

the sale o each independent highereducation license plate goes directly tothe eatured campus to support studentscholarships; the 3,085 independenthigher education license plates on theroad in 2005 translated into $30,850in student scholarship unds. Te 2005independent college license plate salesresults saw Centre College narrowlyedge out ransylvania University totake their third consecutive title inAIKCUs Battle o the Bumpers.

Independent higher education licenseplates are available or all 20 AIKCUinstitutions and the Association.Plates can now be personalized. ond out how you can get your ownindependent college license plate, visitwww.aikcu.org and click on the licenseplate.

AIKCU Legis lative Day

About 140 students and administratorsrom Kentuckys nonprot,independent colleges and universitiestraveled to Frankort to learn aboutthe legislative process, meet withlegislators, and celebrate the successo AIKCU member campuses onFebruary 22, 2006.

Students heard rom State Auditor(and Centre alumna) Crit Luallen andSecretary o State rey Grayson aboutthe importance o civic engagementduring lunch at the Tomas D. ClarkCenter or Kentucky History. Later atthe Capitol, students met inormallywith members o the legislature. Severalstudents stuck around to observe theHouse and Senate proceedings, duringwhich both the House and Senate readresolutions declaring February 22,2006 Independent, Nonprot HigherEducation Day in Kentucky.

Cooperative Meetings

In addition to biannual Board meetingand an annual donor recognitionbanquet, AIKCU coordinates regularmeetings o leaders in a variety oon-campus roles including businessocers, academic ocers, I directors,career services directors, student afairsocers, teacher education chairs,

public relations ocers, admissionsocers, and others to ostercollaboration and communicationamong member campuses.

Partners for the Commonwealth Annual Repor


20/24


Kentucky Bankers Association

Recognizes Fifth Third Bank,

Lexington, for Servic e to AIKCU

Members

Each year at their all meeting theKentucky Bankers Associationrecognizes one o its members ortheir commitment to independenthigher education in Kentucky withthe AIKCU Excellence in Educationaward. Te 2006 honoree was FithTird Bank, Lexington.

Nominations or the award come romAIKCU member institutions basedon criteria that include: philanthropicsupport o independent higher

education; encouragement o personnelinvolvement on independent collegeboards, committees, and programs; andthe development o special programs orinitiatives promoting increased accessto independent higher education,quality academic programs, and greatereciencies in campus operations.

Previous winners o the AIKCU Awardor Excellence in Education include:2005- Farmers National Bank o

Lebanon, Lebanon2004 - United National Bank & rustCompany, Barbourville2003 - Citizens Bank & rustCompany, Campbellsville2002 - Springeld State Bank,Springeld2001 - Community rust Bank,Pikeville

AIKCU Supports CPEs Double the

Numbers: 2020 Projections

In 2006, the Council on PostsecondaryEducation completed a projectionsstudy to estimate the enrollments anddegrees needed to achieve the nationalaverage in educational attainmentby 2020 (http://www.cpe.ky.gov/planning/2020projections/).

AIKCU and its member campuses arecommitted to working together withthe Council and the Commonwealthspublic institutions to accomplish thesestatewide goals. During the summero 2006, CPE staf traveled to severalAIKCU member campuses to meetleadership stafs and discuss the rolethat independent institutions will playin the statewide push to double thenumber o bachelors degree holders

in Kentucky. AIKCU has worked withCPE to develop ambitious short-termand 2020 goals or enrollment anddegree production to help reach thesegoals. CPEs most recent projectionscall or AIKCU to nearly doublebachelors degree production and morethan double enrollment by 2020.

Midway Colleges Lyen Crews

Receives First For the Greater

Good Award

Midway College Vice President orBusiness Afairs Lyen C. Crews II washonored by the AIKCU Board duringthe all 2005 AICKU banquet with therst AIKCU For the Greater Good

Award. Te award honors a stafmember at a member institution whogoes above and beyond the call o dutyin service to the Association as a wholeCrews was recognized or his extensivework on the AIKCU Benet rust, acollaborative initiative that will bringa sel-unded health insurance plan toAIKCU member institutions.

2005-06


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AIKCU Professor and A lumni

Honored at Governors ConferenceSecretary o State rey Graysonpresented the Acorn and OutstandingAlumnus o Kentucky (OAK)Awards during the 2006 GovernorsConerence on PostsecondaryEducation rusteeship on behal othe Kentucky Advocates or Higher

Education, a non-prot organizationdedicated to improving the quality opostsecondary education in Kentucky.Te Acorn Award, rst presented in1992 by the Kentucky Advocates,recognizes outstanding teachers atKentuckys public or independentcolleges and universities. Te OAKAwards were inaugurated in 1987to recognize outstanding alumni oKentucky colleges and universitieswho have achieved national stature

and reputation and have exhibited alielong aection or, and attachmentto, their alma mater and Kentucky.Four o the ve 2006 honorees claimties to AIKCU institutions, includingall three OAK honorees:

Peter Stanley Fosl, a philosophyproessor at ransylvaniaUniversity, was one o two 2006Acorn Award recipients. One ohis colleagues described Fosl as asuperb and inspiring teacher, anactive scholar, a dynamic colleague,and is more than deserving onational recognition.

Te Honorable Karen KayeCaldwell, a Lexington residentand a native o Lincoln County,is an alumna oransylvaniaUniversityand the University oKentucky College o Law. She hasa distinguished career in public andprivate practice and in 2001 wasunanimously approved by the U.S.

Senate to serve as U.S. DistrictJudge or the Eastern District oKentucky, where she continues toserve today.

Dr. Marcetta York Darensbourgis a native o Artemus, Kentuckyin Knox County. She receivedher bachelors degree in chemistryrom Union College inBarbourville and her doctoratein inorganic chemistry rom the

University o Illinois in Urbana.Dr. Darensbourg currently isa proessor at exas A & MUniversity where she directs theMarcetta Y. Darensbourg ResearchLaboratories.

William . Robinson III, aresident o Erlanger, Kentucky inKenton County, is a graduate oTomas More College and theUniversity o Kentucky College

o Law. He currently serves asmanaging partner o Greenebaum,Doll & McDonald, PLLC,managing the rms NorthernKentucky and Greater Cincinnatiofces.

AIKCU Benef it Trust Continues

to Develop Self-Funded Health

Insurance Program

AIKCU is pleased to announce thata sel-unded insurance program orAIKCU campuses has received allcerticates and approvals rom theKentucky Ofce o Insurance. Teplan will be managed by the AIKCU

Benet rust, a separate, independentnonprot organization. Te insuranceprogram is designed to help Kentuckysindependent colleges that choose toparticipate take control o their healthcare costs while maintaining excellentcoverage or their employees. TeAIKCU Benet rust has workedclosely with third party administratorrm Commonwealth Administrators,a Fiserv Health company (ormerlyknown as ASGI), to develop the

product.

Partners for the Commonwealth Annual Repor


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AIKCU completed work on acomprehensive economic and socialimpact study in 2005-06. Results o thestudy, conducted by Human CapitalResearch Corporation o Evanston,Illinois, were published in the reportPrivate Colleges, Public Benefts: TeEconomic and Community Impacto Kentuckys Independent Colleges

and Universities. Te study can bedownloaded in its entirety atwww.aikcu.org

Significant findings from the study

include:

Te replacement value o thecampuses collective educationalacilities and equipment exceeds$1.1 billion.

Te gross assets o the sector,including endowment resources,are close to $3 billion.

aken together, the independentsector would rank 11th inemployment and 18th in revenuesamong the states 25 largestpublicly held corporations.

In 2003, Kentuckys independent

higher education sector generated$705 million in total in-stateeconomic activity, including $375million in direct spending by theinstitutions or operatingexpenditures, students, and campusvisitors and an additional $330million in indirect/inducedspending in other sectors o theeconomy.

Study Shows Independent Colleges Have

Huge Impact on Kentuckys Economy, People

Collectively, the sector created8,629 total jobs in the stateincluding 4,275 ull-timeequivalent employees at theinstitutions, and 4,354 jobscreated in other industry sectors othe state economy.

Capital expenditures by Kentuckysindependent colleges in 2003

generated $780 million in totaleconomic activity, including $366million in direct capitalexpenditures by the institutionsand $414 million in indirect/induced spending in other sectorso the economy. Capitalexpenditures created an additional3,733 total jobs.

In aggregate, almost 100,000

AIKCU alumni living in Kentuckyannually generate $416 million instate tax revenue and $543 millionin ederal tax revenue about a10-old return on the statesfnancial aid outlay to AIKCUstudents.


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Documents

2006 AIKCU Annual Report