King named to new Foundation position
1:29:54 PM CDT - Thursday, October 06, 2005
Elizabeth King, who has been WSU's vice president for advancement since 1991, has been named president and CEO of the WSU Foundation, effective July 1.
The new position was necessary because of the tremendous growth the WSU Foundation has seen in the past decade, according to the Foundation's board of directors.
"As the Foundation continues its rapid growth, the complexities of day-to-day operations have substantially increased," said Barry Schwan, chair of the WSU Foundation board. "Elizabeth's appointment will enable the Foundation to manage those complexities and enhance its ability to continue the growth well into the future."
In 1993, the total market value of the WSU Foundation and Board of Trustees' assets was $67 million. Today, it is more than $138 million.
The number of endowed funds has almost doubled in the past decade, and each fund requires separate monitoring for payouts and to ensure that donor guidelines are followed, according to WSU President Don Beggs.
"The action by the WSU Foundation board is a very positive step for Wichita State University and the Wichita State Foundation," Beggs said. "Private support is needed more now than ever."
As vice president for university advancement, King has overseen the Ulrich Museum of Art, the Alumni Association, the WSU Foundation, the Board of Trustees and the university's marketing, communications and publications offices.
Beggs is working with King and other vice presidents to determine where those areas will report on WSU's organization chart once King moves to her full-time Foundation position. The position of vice president for university advancement will then be eliminated.
— Compiled by Inside WSU staff