CEO/CFO Nancy Frashuer sets example in employee giving

By Lorrie DeFrank
August 2010

For the past five of her 29 years with the University of Florida College of Medicine – Jacksonville, Nancy Frashuer has dug into her pockets to support the workplace she loves and its compassionate missions.

Through annual $5,000 payroll deductions, she funded the $25,000 Mary D. Frashuer Cancer Research Endowment that she and Andy Frashuer established in memory of Andy’s mother who lived with them the last year of her life. Mary Frashuer died in 2005 of brain cancer, for which there was no cure. A plaque commemorating the gift hangs in the UF Health Science Center’s research facility on campus.

"I am really proud to work here. We are able to do so much with so little and I am impressed with the care and with the doctors," said Frashuer, CEO of UF Jacksonville Physicians, Inc., and senior vice president/CFO of UF Jacksonville Healthcare, Inc., organizations that support the work of the college of medicine. "I know that every penny we get goes to good causes."

Frashuer said she hopes her gift encourages other employees to make donations toward research or other programs on campus. "It doesn’t have to be a huge amount and payroll deduction makes it easier," she said. She suggested that, given the current economic crunch, a way to get started may be to donate a portion of salary increases as a way to give back.

According to Frashuer, the campus has a history of generosity.

"Every year we are asked to give more than the year before, and we do," she said, referring to employee fundraisers including United Way and Children’s Miracle Network. Following Hurricane Katrina, employees contributed nearly $15,000 to victims the same time they made a record contribution to the Community Giving Campaign. Frashuer is most proud of employees’ support of the Adopt-a-Head Start Center initiative, which she launched as a member of the Jacksonville Urban League Board of Directors. Over the past 10 years, employees provided gifts and sponsored parties at Christmas, Thanksgiving and Easter for children at the center behind Shands Jacksonville. They also purchased clothing and other necessities for the children.

Born in Ohio and raised in Florida, Frashuer wanted to be a doctor and enrolled in a pre-med college program. However, through a series of educational, professional and personal sidetracks, including serving as a disability medical examiner in Atlanta and as a medical social worker in St. Petersburg, she ended up using her analytical and people skills through financial leadership to support health care. "I feel I’ve grown up here," said Frashuer, who has worked on campus since 1981. She is chief administrative officer of a group practice of 390 physicians employed in 16 departments and 34 sub-specialties and practicing in six hospitals and 38 satellite clinics. Her responsibilities include billing and collections, financial reporting and budgeting, cash management, information systems, human resources management and payroll of 1,500 employees. Her business background includes a position as assistant vice president, Profit Planning and Reporting, Atlantic Bancorporation (now Wachovia), Jacksonville, and CFO, Economic Opportunity Council, Beaufort, South Carolina. She is a Phi Beta Kappa graduate of the University of Florida with a Bachelor’s Degree with Honors, majoring in psychology and economics. She also holds a Master of Science in Industrial Management with majors in accounting and finance from the Georgia Institute of Technology. For recreation, she enjoys traveling with her daughter, Anya Frashuer, an archeologist working on her doctorate at Arizona State University and continuing the never-ending renovations on her home built in 1877.

Frashuer is inspired by Chinese philosopher Lao Tzu who maintained that employees who have good leaders say "We did it ourselves" when attaining goals. "I want to help create an environment where good things happen," she said. "That’s what I like about this place. People do get involved."

Information about the Mary D. Frashuer Cancer Research Endowment Fund and other giving opportunities is available through the Office of Development and Alumni Affairs.

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