2018-2019 Cedarville University Annual Report

Dr. Corey Abney Senior Pastor, Florence Baptist Church Union, Kentucky Dr. Daniel Akin President, Southeastern Baptist Theological Seminary Wake Forest, North Carolina Rev. Timothy Armstrong Pastor, The Chapel Uniontown, Ohio Mr. Kenneth Bane Retired Richmond, Indiana Rev. Chip Bernhard, Jr. Senior Pastor, Spring Creek Church Menomonee Falls, Wisconsin Dr. John Blodgett Emeritus Pastor, First Baptist Church Elkhart Elkhart, Indiana Chaplain David Carr Chaplain, United States Air Force APO, Armed Forces Outside Americas (AE) Dr. Jason Duesing Provost, Midwestern Baptist Theological Seminary Kansas City, MO Mr. Dave Dykema General Manager, Wynalda International Rockford, Michigan Mr. Evan English President/CEO, Olde English Outfitters Tipp City, Ohio Mr. Dan Green Partner, Wheelock Street Capital Lakeland, Florida Dr. James Hilton Lead Pastor, The Journey Church Orange City, Florida Mr. Warren Jenkins President/Owner, Jenkins Restorations Purcellville, Virginia Mr. Timothy Knight President, Knight & Associates Consulting Fairlawn, OH Dr. Deforia Lane DirectorofArtandMusic Therapy,UniversityHospitals: CaseMedicalCenter Cleveland Heights, Ohio Mr. David Lodwick Retired Global Operations/ Mergers/Acquisitions Officer, Tropicana Products, Inc. Bradenton, Florida Dr. Don Lough, Jr. Executive Director, Word of Life Fellowship Schroon Lake, New York Dr. Dominic McKinley Family & Sports Medicine Physician, Guilford Orthopaedics and Sports Medicine Center Greensboro, North Carolina Rev. Randy Patten Founder/President, TEAM Focus Ministries Noblesville, Indiana Mr. Dan Petek President, Castek Aluminum/ Castek Innovations Medina, Ohio Mr. Chuck Petersen Vice President, PEI Pipeline Services Brownsburg, Indiana Mr. Jonathan Price CEO, CBC Companies Columbus, OH Rev. Mark Vroegop Lead Pastor, College Park Church Indianapolis, Indiana Dr. DavidWarren Retired Cedarville, Ohio Rev. BrianWhite Lead Pastor, Harvest Bible Chapel North Indianapolis Noblesville, Indiana Dr. Hayes Wicker Retired Naples, Florida Rev. JeffWilletts Senior Pastor, Calvary Baptist Church Bellefontaine, Ohio Mr. RobWynalda, Jr. President/Owner, Wynalda Litho, Inc. Comstock Park, Michigan BOARDOF TRUSTEES BLESSED THROUGH YOUR GENEROSITY STEWARDING GOD’S RESOURCES WELL ThroughGod’s faithful generosity, our finances are strong. As we equip our students through excellent academics and intentional discipleship, we are committed to honor God by stewardingwell all that He has entrusted to us. 1 We continue to aggressively pay down all remaining external debt. $5.3M 2015 2019 2017 2018 2016 EXTERNAL DEBT 12.9 2015 2019 2017 2018 2016 COMPOSITE FINANCIAL INDEX 18–19 17–18 16–17 15–16 14–15 $30.01 $34.55 $28.69 $25.65 $26.85 ENDOWMENT MARKET VALUE AS OF JUNE 30, 2019 There’s noway I could be here without my scholarships. I am so grateful. LERATO SCOTT‘23 ” “ LEAVING A LASTING LEGACY Fall 2018, Cedarvillewas blessedby the largest estate gift in theUniversity’s history. The estate of faithful longtime donorsRoger andCharlotteKuriger leftCedarville $3.1million. Themonies were designated to create theRoger andCharlotteKuriger Scholarship Fund, whichwill benefit undergraduate accounting andgraduatenursing students. Generous gifts fromYOU—Cedarville’s extended familyof alumni, parents, friends, faculty, staff, foundations, corporations, and churches—aremaking a difference in the lives of our students. Our donors give ina varietyofways, investing in the areas that are of highest priority to them. WilliamGibsonSociety –Aselect groupof donorswhohave chosen tomake Cedarvillepart of their estateplanning. President’s Society –Anexclusive groupof donorswho commit to faithfully give $1,000+ annually toCedarvilleUniversity. NamedScholarshipDonors –Donorswhohave invested in students througha named scholarshipendowment. TheCedarvilleFund –Faithful donors to theCedarville Fundhelpus continue Cedarville distinctives suchas Bibleminor courses, daily chapel, vibrant student life. $8,325,704 $4,619,541 2017–18 2018–19 GIVING COMPARED TO LAST FISCAL YEAR All financial information reported on this page reflects the July 1, 2018, through June 30, 2019, fiscal year. 2 Our Composite Financial Index, a nationally recognized measure of institutional strength, is stronger than ever before. 3 We continue to invest in our future so that we remain strong for the Word of God and the Testimony of Jesus Christ until He comes. 5 | 2019 ANNUAL REPORT 2019 ANNUAL REPORT | 6