SWOSU
Press Release
The
Board of Trustees of the SWOSU Foundation, Inc. recently convened for
its Fall 2024 session at the Oklahoma Contemporary Arts Center in
Oklahoma City.
The
Board heard reports from its various Committee Chairs on Governance,
Investments, Development, Scholarships & Grants, Audit, Property,
and Finance. The Board reviewed and approved the FY 2025 Foundation
Budget Resolution & Multi-Annual Financial Framework (MAFF) and
reviewed and adopted the FY 2023 Foundation External Audit Report as
well as the Foundation’s 2023 IRS Form 990.
The
Board also heard reports from SWOSU Advancement staff including
Senior Director for Donor Relations & Major Gifts Mr. Clarke
Hale, ‘08 & ‘10, and Ms. Erin Adams, Director of Development
& Engagement.
The
Board recognized the Foundation’s Executive Director, Mr. Garrett
King, ‘08 & ‘18, for his ten years of service. King was named
Executive Director of the Foundation by the Board of Trustees in
September 2014 after spending eight years on the personal staff of
United States Congressman Frank D. Lucas (OK-3).
“During
Garrett King’s decade of leadership, the SWOSU Foundation has
reached new heights in its work to support the mission of our shared
alma mater,” said Board Chair Philip Busey, Jr., ‘04, of Oklahoma
City and Board Chair-elect Michael Hart, ‘06, of Edmond in a joint
statement. “Over the last ten years, Garrett has collaborated with
our generous alumni and donors to raise over $25.5 million in
charitable contributions and commitments to SWOSU—among them the
largest single philanthropic donations ever made to the university.
Since he was first appointed by the Trustees to lead the Foundation
in the Fall of 2014, Garrett has worked closely and collegially with
SWOSU to administer the distribution of over $6.8 million in
scholarships to SWOSU’s students and over $12.4 million in grants
benefitting SWOSU’s programs and faculty while also stewarding the
growth of the overall valuation of the Foundation by nearly 70%.”
Busey
and Hart added, “The Foundation Trustees thank Garrett for his
tireless efforts and dedicated service and look forward to our
continued shared endeavors on behalf of SWOSU and its students,
faculty, and programs.”
The
SWOSU Foundation, Inc. was established in 1977 to promote
philanthropy and distribute funds to support the activities and
programs of SWOSU. For more information, please contact the SWOSU
Foundation, Inc. at 580-774-3267 or visit www.SWOSUFoundation.com.
