June 19, 2018

UConn rainmaker Josh Newton Emory-bound

Photo | Contributed
Photo | Contributed
UConn Foundation President and CEO Josh Newton in five years drew nearly $400 million in private fund pledges to support the university.

UConn Foundation Inc.'s chief fundraiser Joshua R. Newton, who in five years drew nearly $400 million in private fund pledges to support the state's flagship university, is returning South, back to Atlanta's Emory University, UConn says. His last day is Aug. 15.

North Carolina-born Newton, 46, has been president and CEO of UConn Foundation Inc. since 2013.

Foundation Chairman Dan Toscano said Tuesday Newton is returning to Emory, where he worked as a fundraising professional for a decade before coming to UConn.

Toscano said the foundation board of directors will name an interim president in the next few weeks, then conduct a national search for a successor.

The foundation's endowment grew 30 percent under Newton's leadership, the school said. The endowment also experienced robust growth, rising from $339 million in March of 2013 to $439 million this past March. Newton's foundation compensation was $528,528 in 2016, according to the foundation's 2016 Form 990 filing with the IRS.

"I'm proud of what our team has been able to accomplish in such a short amount of time," Newton said. "The only reason I was able to attend college was because of scholarships so raising funds for low-income and meritorious students has always been a passion of mine.

"While the fundraising numbers are something to celebrate they're not the only measure of success. We've elevated philanthropy at UConn by focusing on building lasting relationships with donors and alumni. These connections transcend any one person and I'm confident UConn is well-positioned for great successes in the years ahead."

UConn President Susan Herbst, who helped recruit Newton and who recently announced her plans to step down July 1, 2019 and return to the classroom, hailed his leadership. Upon Newton's hiring, Herbst had challenged him and the foundation to "build an endowment that matches the greatness of the university.''

"I have worked closely with top fundraisers at great universities around the nation for over 20 years, and Josh is one of the best. Without question," Herbst said in a statement. "His stellar strategic sensibility, student focus, and understanding of higher education are unusual, and I will miss him immensely."

At Emory, where Newton honed his fundraising skills and co-anchored a campaign that raised $1.69 billion for that school, Newton will become the senior vice president for advancement and alumni engagement.

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