In addition, we look for managers with a sustainable investment edge. Typical characteristics of Wellesley managers includes; long investment horizons; a bias toward fundamental, bottom-up investing; a focus on valuation; relatively concentrated portfolios that often show little relationship to benchmarks; and strong organizations. The endowment will also fund the Colleges large-scale reconstruction project around academic and administrative buildings. The Investment Office manages Wellesley College's $3.2 billion endowment. Chicago, IL 60601. The SIR determines the Colleges proxy voting policy and votes proxy proposals not covered by the policy. It should go to Donor Relations Development Services (DR/DS) to be processed. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor Your email address will not be published. Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. 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 Investment Office serves Wellesley Colleges 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. 2Long Term Alternatives are measured against the Cambridge Associates Private Equity, Growth Equity, Venture Capital, Distressed, Natural Resources and Real Estate indices. The College Scorecard of the U.S. Department of Education says undergraduate "salary after completing" ranges between $25,000 and $45,000 a year, the former figure lower than what a full-time. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. 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. Main Office Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. Wellesley College posted a 46.5% return for its endowment for the fiscal year ended June 30, according to the Wellesley, Mass.-based college's annual report. In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. Wellesley College Endowment General Information. While many previous student organizers had hoped that Wellesley College would be a leader among other universities and colleges in divesting from fossil fuels, as of Mar. The Board is committed to investing in a manner consistent with the College's mission, values and principles. 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. 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 . The goal of endowment and restricted gifts accounting is to uphold the Controller's Office mission by providing high quality and efficient accounting services on endowments and restricted gifts to faculty, staff, and administration and to ensure the proper recording of donor's gifts. Board of Trustees to vote on divestment in late April. View the 'FIN Gift Spendable Balance' for the gift. Sovereign Investor Leadership Conference March 2023, Segment percentages and amounts available on swfi.com. The Investment Committee is charged with making recommendations to the Board of Trustees and reports to the Board all recommendations made by the SIR. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . Your gift to Wellesleys endowment will provide a lasting source of financial strength for the College, safeguarding our future and ensuring that Wellesley can continue to fulfill its mission regardless of economic climate. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. Saujani will receive an honorary degree at the event. The 9.6% endowment decline, which brought the endowments total value to $2.94 billion, came in sharp contrast to the record-breaking 46.5% returns the College enjoyed last fiscal year. 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. After accounting for inflation, college prices are now dropping. The goal of endowment and restricted gifts accounting is to uphold the Controllers Office mission by providing high quality and efficient accounting services on endowments and restricted gifts to faculty, staff, and administration and to ensure the proper recording of donor's gifts. 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. Endowment per Student is a good indicator of the amount of aid it is likely to grant. never heard of it. For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. Cambridge Associates Blended Benchmark (2). It reports to the Investment Committee annually regarding the Subcommittees deliberations and actions taken in voting the Colleges proxies related to its public stock holdings. Established in 1870 as a seminary for women, Wellesley College has grown to be one of the largest and most influential women's colleges in the world. Year by year, the College has been steadily increasing the total cost of attendance, and the 2021-2022 school year was no exception. Endowments, foundations expect to increase alternatives allocations CAPTRUST, College endowments post an average net 8% loss in fiscal year, Sponsored Content: 2023 Investment Outlook, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, Compare returns of school endowments with P&I's Endowment Returns Tracker, Wellesley College records 8.8% fiscal-year return, Trinity University endowment returns 36.3% for fiscal year, Colgate University returns 35.8% return for fiscal year. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. The exceptional FY21 return benefited from the fact that in making commitments to long-term alternatives the Investment Team has long found venture and growth opportunities more attractive than other strategies. The program is for highly self-motivated individuals with a strong interest in finance and investments. 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 . This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. University of Notre Dame View Total Assets Endowment North America 12. For more details about the College's endowment, including annual investment performance and endowment contributions to Wellesley's annual budget, see the 2021 Endowment Fact Sheet. For example, a donor my give the College a $1,000,000.00 with the intent that the income earned will go to support Financial Aid. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. Sign up and get the best of News delivered straight to your email inbox, free of charge. Still, the immediate challenge of inflation may put pressure on the endowments support for the budget, given the unpredictable nature of the economy. In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. . <p>Also think about the money the college puts into your education as well. U.S. colleges and universities maintain some of the largest endowments in the world, and make up the strong majority of educational institutions with endowments greater than $1billion. The SIR evaluates these requests and may decide to recommend action to the Investment Committee. 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. Some universities benefit from endowments that are not under their direct control but which are nonetheless dedicated to the welfare of one or several institutions. Listed on 2023-02-25. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . For public universities, the larger endowments are often associated with flagship state universities, especially those associated with a medical school. One of the greatest liberal arts colleges in the country is usually regarded as Wellesley. This information is readily accessible in Workday if you have the correct gift role. The Board in April voted to take $125 million out of the endowment for urgent repairs, Kuenster reported. Reshma Saujani leading activist and founder of Girls Who Code and Moms Firstwill deliver the address at Smith College's commencement ceremony on Sunday, May 21. The other 80% is derived from last years amount of spending, adjusted for inflation. The Policy Portfolio, established by the Wellesley College Investment Committee, guides asset allocation. 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. In fiscal year 20202021, total operating expenditures were $195.6million. Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year. 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