Errors are noted below: Thanks for reaching out. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. It. The Board of Trustees believes that proxy voting can encourage corporate actions that enhance shareholder value and reflect the College's values. When we had the 46.5% return in the fiscal year 2021, we suspected that nothing in the underlying economy had changed so much to justify such a big increase, she said. The SIR also may make recommendations directly to the Investment Committee on issues that are raised by Subcommittee members. Investment OfficeNehoiden HouseWellesley College91 Dover RoadWellesley, MA 02482, Debby Kuenstner, Chief Investment Officer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. No commitments to such funds have been made since 2017. After such a financially challenging year, this is a remarkable result. For example, Wellesley College in Massachusetts grew enrollment by about 9% in the five years prior to the pandemic while also padding its endowment, which ended fiscal 2020 at $2.2 billion. The Ivy League schools don't have a monopoly on higher education. Watts said the college grew its endowment by about $45 million in the 2013 budget year and is working to cut spending. Prestige, endowment, program rank, acceptance rate, tuition, notable professors, student life, et cetera so has literally every single other rankings list that claims to be valid The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. The funds from restricted gift or income distribution get carried over each year. . The Subcommittee on Investment Responsibility (SIR), is composed of Trustees, faculty, staff, and students and is responsible for proxy voting and making recommendations to the Investment Committee related to shareholder responsibility. Wellesley College has a long history of providing an excellent liberal arts undergraduate education for women. Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. Tuition and fees (in-state) $56,052. The Finance and Investment Offices oversee the financial responsibilities of the College which include the budget, financial planning, endowment and debt management, and stewardship of financial resources. In the discharge of its fiduciary duty, the Board is mindful of the role that endowment returns play in the College's accomplishment of its own socially significant mission. The loss is not unexpected, according to Kuenstner. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. Lewis & Clark College is a private liberal arts college in Portland, Oregon.Originally chartered in 1867 as the Albany Collegiate Institute in Albany, Oregon, the college was relocated to Portland in 1938 and in 1942 adopted the name Lewis & Clark College after the Lewis and Clark Expedition.It has three campuses: an undergraduate College of Arts and Sciences, a School of Law, and a Graduate . When Volent took on her position in the summer of 2000, Bowdoin's endowment stood at just over $465 million; in the year ended June 30, 2020, the endowment had gained 5.9 percent, growing to $1.8 billion, providing nearly $72 million to the annual operations of the College last year, including $33 million for need-based financial aid. About Us We're all different. Wellesley Colleges endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. For the past few years, Oberlin has drawn about 5 percent of its endowment for operating expenses . Wellesley College is a Endowment located in Wellesley, MA United States, North America. Endowment and restricted gifts accounting aims to provide: Clear, concise and timely dissemination of policies and procedures related to endowment and restricted gifts, Proper recording of gifts in the financial system to ensure compliance with donor's intentions, Information to departments with restricted gifts so that gifts are spent in accordance with donor's intentions, Professional and helpful interactions with the College community and external banks on all endowment, restricted and planned giving gift accounting matters, Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF), AVP for Finance, Controller and Assistant Treasurer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. With an $887.4 million endowment last year, 186-year-old Oberlin is wealthier than most small private institutions, but far behind its wealthier peers -- colleges like Amherst, Swarthmore and Wellesley all reported endowments at or near $2 billion. [3] As of 2021[update], the total stood at $854.11 billion, with an average across all institutions of $1.1621 billion and median of $2.0102 million. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. As a result, the portfolio enjoys significant, mature exposure to venture and growth. Description. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . The college's long-term (10-year average) returns regularly place us in the top decile of performance compared to approximately 600 reporting colleges and . Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic and social value - everywhere. Despite this increase, exposure as a percent of the portfolio fell as managers holding of public equity declined and other parts of the portfolio outperformed energy. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. The four largest [private] endowments Harvard, Yale, Stanford, and Princeton increased in value from $127.24 billion to $171 billion in a single year.[3][4][5][6]. In their annual report released earlier this month, the Wellesley College Investment Office reported that the endowment experienced 46.5% growth in the 2021 fiscal year, a record high. An endowment is the total value of a school's investments, donations, and assets. So endowment distributions in [the 2023] fiscal year, what were spending right now, was driven in large measure by that extraordinary return that we had [in the 2021 fiscal year], Kuenster said. Saujani will receive an honorary degree at the event. The Investment Office serves Wellesley College's missionto provide an excellent liberal arts education for women who will make a difference in the worldthrough the management and oversight of key College financial assets and benefit plans. Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. Fueled by accommodative fiscal and monetary policy and the roll-out of COVID-19 vaccines, the rebound in risk assets that began in the second quarter of 2020 continued through FY21. The loss also . List of colleges and universities in the United States by endowment, Endowments per student greater than $1million, Last edited on 27 February 2023, at 23:56, University of North Carolina at Chapel Hill, Lists of institutions of higher education by endowment size, "National Association of College and University Business Officers", "Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns", "Yale endowment earns 40.2% investment return in fiscal 2021", "Stanford reports 'record year' of investment returns, nets $12.1 billion in gains", "Princeton's endowment returns continue to support University mission and impact", "Wealthy colleges face uncertainty as they seek ways to avoid new endowment tax", "The wealthiest universities are paying big endowment tax bills, but how much are others who are on the hook paying? I believe that the College will be well served by its strategy of broad diversification across asset classes, geographies, and strategies, and by the excellent investment managers with whom we partner. Contact Alumnae Relations & Development The principal (gift amount) will be invested in perpertuity and the income earned from this investment will be used for the purpose designated by the donor. In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. Walsh recently led a five-year comprehensive fundraising campaign, which closed in October 2005 after raising $472.3 million, a record for a liberal arts college. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. Support a healthy tomorrow with your gift today. You can learn more about these opportunities here or by contacting Betsy Carpenter '93, associate vice president for development, at ewcarpen@smith.edu or 413-585-2052. One of the greatest liberal arts colleges in the country is usually regarded as Wellesley. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. All Rights Reserved. yAy!!!) View the 'FIN Gift Spendable Balance' for the gift. Sign up and get the best of News delivered straight to your email inbox, free of charge. The actual cost of attendance was well over $80,000 per student just a few years ago. Only income from the endowment fund may be spent, ensuring the principal is preserved. Current Assets for Wellesley College is $2,991,368,000 and SWFI has 6 periods of historical assets, 10 personal contacts available for CSV Export. Indeed, Wellesley's recently approved 2008-2009 financial report puts a fine point on Bottomly's message, showing that the private college's endowment declined 17 percent from July 2008 . Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. So our belief was that the fiscal and monetary policy during that period had pulled returns forward and that there would be some correction.. This 46 percent increase reflects a year of broad endowment growth for colleges nationwide, though BC performed particularly well, with gains 19 percent above the median. Deborah F. KuenstnerChief Investment Officer, Investment OfficeNehoiden HouseWellesley College91 Dover RoadWellesley, MA 02482, Debby Kuenstner, Chief Investment Officer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. Despite a decline in this years endowment, the Colleges spending for the next two fiscal years will not significantly be affected, given previous positive returns. In executing the investment strategy, the Investment Office team aims to add value within asset classes through long-term partnerships with strong performing, highly ethical investment managers. In a letter to the college community, President Elizabeth Bradley outlined plans to overcome a projected $3-5 million deficit for 2020 and a deficit between $5-50 million for 2021. This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. The endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. Wellesley's endowment of $3.226 billion is the largest out of all women's colleges and the 49th largest among all colleges and universities in the United States in 2019. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . Donors receive annual reports on their endowed fund's performance. . The three key reasons why people thrive here are: Wellesley Colleges endowment has provided approximately 40% of operating revenue in recent years. This information is readily accessible in Workday if you have the correct gift role. Investment OfficeNehoiden HouseWellesley College91 Dover RoadWellesley, MA 02482, Debby Kuenstner, Chief Investment Officer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. Keohane also served on other boards as a representative of Wellesley College and the academic world. Job specializations: Finance. Endowment Funding. It should go to Donor Relations Development Services (DR/DS) to be processed. The Public Ivies also report smaller endowments than the Ivies and these endowments must stretch further because of their larger student bodies. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. The Babson College Fund (BCF) is an accredited course in which specially selected undergraduate and graduate students manage $4 million of the Babson College endowment. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. In fiscal year 20202021, total operating expenditures were $195.6million. Request Profile Update Download Data $2,991,368,000 Assets 10 Contacts Home Profiles Endowment North America Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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