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NACUBO Notes

March/April 2020


Endowment Management and SFS Awards Recipients

Rodney H. Adams Endowment Management Award

Craig Woody received the 2020 Rodney H. Adams Endowment Management Award at the Endowment and Debt Management Forum in Washington, DC, in February. Woody, who recently retired from the University of Denver as senior vice chancellor for business and financial affairs and treasurer, made a tremendous impact on the institution over his 35-year tenure.

Under Woody, the University of Denver’s endowment ballooned from $25 million to more than $700 million. Though he is quick to credit the strength of the institution’s programs as the lead drivers of endowment growth, Woody was a pivotal figure who helped lead the creation of the university’s spending policy as well as the foundational analysis and implementation of its UPMIFA compliance.

Woody also used his expertise to benefit the business officer profession as a whole. He frequently helped plan the NACUBO Endowment and Debt Management Forum, and he presented at the inaugural NACUBO Fellows program meeting. He also served on, and later chaired, the Research Universities Council. Woody participated in NACUBO’s annual Advocacy Day and advocated for endowment spending policies that preserve purchasing power during his testimony before the Colorado General Assembly House and Senate committees.

Student Financial Services Award

Charmaine Daniels will receive the 2020 Student Financial Services Award. Daniels is the associate vice president for student financial services at Morehouse College, Atlanta, where she manages administration of the $34 million donation that the college received in 2019 to pay off students’ loan debt.

She also leads the student financial services department and participates in other campuswide projects to support strategic financial goals, among other duties. Previously, she served as the director of student accounts and interim director of student financial management at Georgia State University.

Daniels is a frequent presenter at NACUBO events and other industry conferences and has testified for common sense regulations on Capitol Hill. She was a member of the NACUBO Student Financial Services Council from 2014–18, and she serves on the Student Financial Services Conference planning committee, among other groups. She also strives to pay forward the encouragement she received as a young staff member in student financial services, emphasizing the importance of professional development for her teammates and freely offering her expertise to colleagues at other institutions.


Professional Development

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