Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. 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. Inflation rises, but spending remains unaffected. It is currently 5 percent of the endowment's value averaged over 12 quarters. There was an error. View the 'FIN Gift Spendable Balance' for the gift. Established in 1919, its central focus is on entrepreneurship education . 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 college's large endowment pays for about a half of it, even for the students paying full tuition. Endowment per Student is a good indicator of the amount of aid it is likely to grant. 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 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. Another yardstick is performance versus peers. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. 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. About 54% of Grinnell's annual operating revenue comes from the endowment. 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. Exposure to fossil fuel investments is expected to decline over the next several years as existing investments fully liquidate. Board of Trustees to vote on divestment in late April. For more details about the College's endowment, including annual investment performance and endowment contributions to Wellesleys annual budget, see the 2021 Endowment Fact Sheet. Wellesley Racial/Ethnic Breakdown of Undergraduates Main Office 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 . We're all Babson. It was a women-only institution at a time when women were generally denied access to higher education. <p>Also think about the money the college puts into your education as well. Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. No new commitments to private equity oil and gas funds have been made since 2017. Opportunities for establishing endowed funds begin at $150,000. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. The Colleges well-diversified portfolio has exceeded a hypothetical portfolio of 65 percent stocks and 35 percent bonds over the last 5, 10 and 15 years. 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. The endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. Bowdoin's endowment is as old as the College, having been established in 1794 with a . Totaling $2.6 billion on June 30, 2021, the endowment is managed by the Smith College Investments Office, under the supervision of the Investment Committee. The other 80% is derived from last years amount of spending, adjusted for inflation. 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 . Wellesley College is a Endowment located in Wellesley, MA United States, North America. Donors receive annual reports on their endowed fund's performance. 130 E. Randolph St. The endowment will also fund the Colleges large-scale reconstruction project around academic and administrative buildings. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. The Wellesley College endowment had a market value of $3.2 billion as of June 30, 2021. 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. Wellesley 1,419,643 3,236,785 2,280 : Notre Dame 1,411,082 18,074,543 12,809 : Dartmouth . Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. Cost cutting . Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! Tuition and fees (in-state) $56,052. 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. Returns by asset class and long-term . Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. 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. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. She begins her new role at Union on Jan. 2, 2023. Administration chose to increase the tuition, room and board cost for a total increase of $2,820 in the 2021-22 school year, joining dozens of other colleges, such as Juilliard and Harvard. Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000, We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing, For more details about the College's endowment, including annual investment performance and endowment contributions to Wellesleys annual budget, see the. The Public Ivies also report smaller endowments than the Ivies and these endowments must stretch further because of their larger student bodies. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. [10][11] There continue to be vigorous efforts that advocate the repeal of the tax. 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. Since 1875, Wellesley College has been a leader in . 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. 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. We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing giving@wellesley.edu. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. The funds from restricted gift or income distribution get carried over each year. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. Room and board. 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. It's honestly not for everyone. Examples include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. In 2019, Wellesley's endowment of $2.2 billion ranked 49th among all American colleges and universities and is the largest among women's schools. It. 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. More Debby Kuenstner '80 Chief Investment Officer Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF). Keohane also served on other boards as a representative of Wellesley College and the academic world. 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. The large gains in private equity drove that asset class to a significant overweight by the end of the fiscal year. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor 2008-2023 Sovereign Wealth Fund Institute. 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. For the five, 10 and 15 years. The Board is committed to investing in a manner consistent with the College's mission, values and principles. Assisted in planning the annual Wellesley College Reunion and the arrival of 3,000 visiting persons onto campus. Wellesley College's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. It was founded by Roger W. Babson as an all-male business institute but became coeducational in 1970. Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. Wellesley Collegehas an exchange program with Spelman College. 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. There are many great smaller and lesser-known colleges that offer an excellent education at a more affordable rate, especially when you take ROI into account. The loss also . The Ivy League schools don't have a monopoly on higher education. 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. Debby Kuenstner '80 is Wellesley's chief investment officer. After accounting for inflation, college prices are now dropping. . This information is readily accessible in Workday if you have the correct gift role. University of Notre Dame View Total Assets Endowment North America 12. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Ms. Mendillo, who previously ran the Wellesley College endowment, took over at Harvard in July 2008. By asset class, long-term alternatives returned 77.6% for the fiscal year ended June 30, followed by equities, at 39.8%; semimarketable investments, which include absolute return, 22.8%; cash and equivalents, -0.1%; and fixed income, -10%. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. Job in Wellesley - Norfolk County - MA Massachusetts - USA , 02482. 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. All material subject to strictly enforced copyright laws. Endowment Funding. Mary Almy was the architect. Errors are noted below: Thanks for reaching out. Wellesley total enrollment is approximately 2,280 students. 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? 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. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. . The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. Emory University View Total Assets Endowment North . $75,198 per year. 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]. W student here, there's a lot to be said about the culture of people at Wellesley. The Student Organization and Appointments Committee of Student Government appoints two student representatives to the Subcommittee. 8, it trails behind nearly 200 academic institutions in doing so. These institutions are exclusively private. . 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. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. The college was founded in 1911 as Pine Manor Junior College (PMJC) by Helen Temple Cooke, as part of the Dana Hall School in Wellesley, Massachusetts. The Investment Committee and Investment Office team regularly review the expectations upon which the Policy Portfolio is based, with the goal of refining target allocations and improving the portfolios risk and return characteristics. Bowdoin College reported a 57.4 percent return during fiscal 2021, which ended June 30. [2] Description. About Us We're all different. Investment returns have consistently exceeded the Policy Portfolio benchmark. Your email address will not be published. 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. Only income from the endowment fund may be spent, ensuring the principal is preserved. ', AVP for Finance, Controller and Assistant Treasurer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. We invest with a long-term outlook to provide enduring support to the College in such key areas as student financial aid, faculty recruitment and retention, academic programs, and facilities. Wellesley College; The Ivy League vs. the Almost-Ivies. 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