Q1 IMPACT REPORT September - November 2024
PREPARED FOR BRINT & AMANDA RYAN
For more information, please contact:
Brandon Buzbee Vice President for University Advancement 940-565-2010 brandon.buzbee@unt.edu Marilyn K. Wiley, Ph.D., C.F.A. Dean, G. Brint Ryan College of Business 940-565-3034 marilyn.wiley@unt.edu
Financial Overview
AS OF NOVEMBER 30, 2024
Date Gift(s)
FINANCIAL UPDATE
Gift
Investment
Foundation
Distributions
Market Value
Received
Amount(s)
Income
Fees
to RCOB
Provided by the UNT Foundation Inc.
G. Brint Ryan Endowed Chair in Taxation & Tax Research
04/30/2019
$ 2,000,000
$ 915,667
$ (106,158)
$ (397,252)
$ 2,412,257
G. Brint Ryan Endowed Chair
04/30/2019
2,000,000
915,667
(106,158)
(397,252)
2,412,257
in Entrepreneurship
G. Brint Ryan Endowed Chair
04/30/2019
2,000,000
915,667
(106,158)
(397,252)
2,412,257
in Finance
G. Brint Ryan Endowed Chair in Logistics & Supply Chain Management
01/31/2020
2,000,000
736,804
(89,134)
(331,260)
2,316,410
G. Brint Ryan Doctoral Strategic
01/31/2020 10/25/2022
2,000,000 2,000,000
1,303,801
(117,371)
(561,203)
4,625,227
Research Excellence Quasi-Endowment
G. Brint Ryan Endowed Chair
03/29/2021 04/05/2022
242,125 1,757,875 2,000,000 2,000,000
310,995
(49,716)
(174,426)
2,086,853
in Accounting
G. Brint Ryan Strategic Initiatives 03/29/2021
957,870
(93,234)
(378,052)
4,486,584
in Faculty Research Excellence
10/25/2022
Quasi-Endowment
G. Brint Ryan Endowed Chair in Artificial Intelligence &
03/29/2021 04/05/2022
1,837,727 162,272
381,172
(63,405)
(221,758)
2,096,009
Cybersecurity
G. Brint Ryan Endowed Chair in Marketing & Consumer Behavior
02/28/2022
2,000,000
299,960
(46,957)
(169,947)
2,083,056
G. Brint Ryan Endowed
04/13/2022 10/25/2022
4,000,000 4,000,000
1,964,456
(139,797)
(410,695)
9,413,964
Professorships
TOTAL
$ 30,000,000
$ 8,702,059
$ (918,088)
$ (3,439,097)
$ 34,344,874
PORTFOLIO ALLOCATION
ALLOCATION SUMMARY
ALLOCATION DETAIL
Growth Assets
Income Oriented
Growth Assets
38.9% US Listed Equity 21.5% International Equity 9.2% Real Assets 5.6% Private Equity
24.8%
Income Oriented
8.7% US Aggregate 4.8% Active Duration 4.8% Uncontrained 2.8% Private Fixed Income 1.2% Hedge Funds 2.5% Cash
75.2%
Asset Class Growth Assets Income Oriented
Allocation
Target 75.0% 25.0%
75.2% 24.8%
Endowment Overview
The UNT Foundation plays a crucial role as an essential strategic partner to the University of North Texas, managing and growing private assets through investment management to benefit the university’s mission. The Foundation ensures that the endowments adhere to our generous donors’ intent and remain sustainable for both current and future generations.
For the quarter ended November 30, 2024, the portfolio is estimated to have increased by 2.4% . Portfolio performance was impacted by real assets, which were up 4.0% , equities, up 2.9% , and fixed income, up 0.4% . Meanwhile, hedge funds, designed to provide a non-correlated return, are currently estimated to have produced a return of 2.1% . North American equities, emerging market equities and developed international equities produced returns of 6.1% , 0.8% and -4.2% , respectively. The stock market, as defined by the S&P 500, was up 6.8% for the quarter. But there were plenty of ups and downs along the way. First, the S&P 500 was down 4.3% through September 6. Unemployment was reported to be down, which was deemed to be inflationary. Second, the S&P 500 was up 8.4% as the Fed lowered interest rates for the first time in years. Third, the S&P 500 declined 2.6% through November 4 as investors were uncertain about the election. Fourth, the market increased 5.1% through November 11 based on the outcome of the election. Fifth, the S&P 500 declined 2.2% as investors took profits. Finally, the market increased 2.8% through the rest of November as there was renewed enthusiasm for the pro business policies of the new administration. HISTORICAL RETURNS Endowment Policy Index Strategic Benchmark
25%
20%
15%
10%
5%
0%
FYTD
1 Year
3 Year
Note 1 - The investment income and historical returns presented are net of individual investment manager fees, but gross of the foundation’s management fee.This method aligns with standard NACUBO reporting practices and ensures comparability to our peers. Our benchmark sets a high standard for performance at 75% equity and 25% fixed income. Note 2 - The management fee charged by the foundation encompasses accounting, internal investment management services, and coordination with Advancement, college deans, donors, and other university partners. Our fee remains competitive, being at or below the endowment management fees of our peers, as reported by NACUBO.
New Rankings & Highlights SportBusiness ranked UNT’s online sport entertainment management (SEM) M.B.A. in the Ryan College of Business as #1 among online SEM master’s programs and #10 among all SEM master’s programs (postgraduaterankings.com). In addition, the cohort M.B.A. program was ranked #23 in the world.
# 10 OVERALL
# 1 ONLINE
# 23 WORLDWIDE
On October 16, 2024, business leaders from across the Frisco area gathered for an engaging conversation on the economic impact of the World Cup 2026 coming to the Frisco area. Speakers included: • Dan Hunt, president, FC Dallas. • Professor Bob Heere, Ph.D., director of sport entertainment management at UNT. • Josh Dill, assistant executive director, Visit Frisco. This successful, sold-out event was an example of the great work happening every day at the G. Brint Ryan College of Business.
Update: Donor-Funded Faculty Chairs and Professorships Advancing Academic Excellence Jeremy Short, Ph.D. G. Brint Ryan Endowed Chair in Entrepreneurship
Dr. Jeremy Short hosted his third annual Greensgiving event on Social Enterprise Day, November 21, featuring a silent auction, live music, cocktails and mocktails, and networking. Students showcased their entrepreneurial efforts and raised funds for impactful campaigns benefiting the greater community. To date, these campaigns have generated over $50,000 for a wide range of causes while teaching students the basics of crowdfunding for startup ventures. This semester’s event focused on nonprofits supporting animal rescue, women’s health, at-risk youth, food security and more, raising over $10,000 for Denton-area organizations.
Gurpreet Dhillon, Ph.D. G. Brint Ryan Endowed Chair in A.I. and Cybersecurity
Dr. Dhillon has been recognized by ScholarGPS as one of the world’s leading scholars, ranking in the top 0.5% globally across all fields. In the area of information security, he is ranked #29 on the Top Scholars list, reflecting his exceptional career-long contributions. Over the past five years, Dr. Dhillon has also achieved distinguished rankings of #43 in information management and #64 in information security, highlighting his ongoing impact and influence in these fields.
Marcus Wolfe G. Brint Ryan Endowed Professorship in Entrepreneurship
Dr. Marcus Wolfe recently delivered a keynote address at the International Health in Entrepreneurship Conference in Montpellier, France, where he explored the intersection of health and entrepreneurship. He also served as co-chair for the Entrepreneurship Division’s Early Career Development Consortium at the Academy of Management Annual Conference in Chicago, IL. In September, Wolfe co-authored the paper, “Striking a Balance: The Effect of Capability and Character Reputation Claims on Crowdfunding Performance,” published in Entrepreneurship Theory and Practice .
In collaboration with Jon McCarry, Steven Tudor and former UNT President Neal Smatresk, Wolfe helped develop the Faculty Innovation Network (FIN), a new initiative from the Division of Research and Innovation. Designed to foster cross-disciplinary collaboration for both academic and commercial impact, FIN connects researchers, educators and innovators to broaden research horizons, find collaborators and access funding opportunities. Through its workshops, events and partnerships, FIN is shaping UNT’s innovation ecosystem.
Blair Kidwell, Ph.D. G. Brint Ryan Endowed Chair in Marketing Dr. Kidwell was recently appointed as an associate editor at the Journal of Consumer Psychology, a Financial Times Top-50 journal.
Casey Schwab, Ph.D. G. Brint Ryan Endowed Professorship in Accounting
The American Accounting Association (AAA) has recognized Dr. Schwab and his co-authors with the 2024 Notable Contributions to Accounting Literature Award for their paper, “How Do IRS Resources Affect the Corporate Audit Process?” published in The Accounting Review (Vol. 95, No. 2, March 2020). This award honors influential research published within the past five years and is granted following a rigorous evaluation process. The paper was acknowledged for its significant contributions to accounting education, practice and research, as well as its broad relevance and impact on the field. Bob Heere, Ph.D. G. Brint Ryan Endowed Professorship in Sport Entertainment Marketing Dr. Heere has been a prominent voice on the economic and cultural implications of the FIFA World Cup in Dallas-Fort Worth, serving as a subject matter expert for the Dallas Morning News on four occasions. In October 2024, he delivered a compelling keynote address, "A Different World: Behind the Curtain of American Sports," at the prestigious Bridge USA-NL program kickoff in Utrecht, Netherlands, co-hosted by the Kingdom of the Netherlands Consulate in Miami, Florida. Further solidifying his thought leadership, Heere's recent scholarly work, "Team Identification in Esports: The Benefits of Localizing an Esports Team," was featured in Sport Marketing Quarterly .
Brint and Amanda, your investment in the G. Brint Ryan College of Business not only provides the resources necessary to excel, but also sets us on a trajectory toward world-class distinction. Your generous support and belief in our potential continue to propel us forward as a beacon of excellence in business education.
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