685 Third Avenue 4Fixed Income Benchmark is a weighted average of the Barclays 5+ Year Treasury Index and the Citigroup World Government Bond Index. Despite a highly challenging investment environment, our endowment is at nearly $502 million. 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. 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 endowment is invested across diverse asset classes, strategies, geographies, and managers with the objective of providing strong operating support while preserving purchasing power. More Debby Kuenstner '80 Chief Investment Officer We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing giving@wellesley.edu. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. But Watts said the endowment, which he said ranges from $500 to $700 million, is smaller than the endowments of other colleges in Oberlin's peer group. 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. Wellesley student orgs lead collection drive and fundraiser for relief, BSA hosts International Mother Language Coffeehouse, Renowned photographer gives energetic artist talk, The Starling Girl Brings Agency to the Forefront. The Board is committed to investing in a manner consistent with the College's mission, values and principles. yAy!!!) Endowment and restricted gifts accounting aims to provide: 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. 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. With the launch the Wellesley Effect campaign in October, Wellesley College has been on the receiving end of several large donations, many of which will become a part of the College's growing endowment. 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. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. For the gender breakdown for all students, go here. 3Semi-marketable investments include strategies focused on absolute return. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. 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.. You can see the balance in the gift in 'FIN Gift Spendable Balance. New York, NY 10017-4036, Chicago Office Required fields are marked *. It should go to Donor Relations Development Services (DR/DS) to be processed. The amount of income available to be spent in the fiscal year is determined by taking the number of shares the fund owns and multiplying by the distribution rate per share determined by the College. 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. 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. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year. The bill specifies that the tax will be imposed on colleges and universities whose "aggregate fair market value of the assets of which at the end of the preceding taxable year . The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor During FY21, the value of the portfolios fossil fuel exposure increased to $94.5 million from $84.7 million the year before as the value of private equity oil and gas interests recovered. The SIR evaluates these requests and may decide to recommend action to the Investment Committee. Donors receive annual reports on their endowed fund's performance. There was an error. No new commitments to private equity oil and gas funds have been made since 2017. The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. 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. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. Keohane also served on other boards as a representative of Wellesley College and the academic world. She created an endowed scholarship fund to support the College. The College participates in the NACUBO-TIAA Study of Endowments survey each year, which gives us the ability to benchmark endowment returns and other key metrics with peer institutions. 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. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. 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. 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. [7][8], The endowment tax provision of the Tax Cuts and Jobs Act has been criticized as funding tax breaks for corporations and the wealthy at the expense of education. By 2015, the table totaled $394.96billion, an increase of 80%, and in 2018, the total further increased to $479.23billion. Additional gifts will result in increased income. The stewardship of these resources includes the investment of the endowment and other financial assets of the College as well as oversight of the investment of planned giving assets. The endowment spending rate approved by the Board of Trustees stands at 4.25%. [9][10] Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research. Smith's endowment, now valued at more than $2 billion, funds more than one-third of the college's operating budget and enables the college to invest in such key areas as student financial aid, faculty recruitment and retention, and strong academic programming. 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. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. This report displays the balance forward, the annualized net income distribution, net activity and the current balance. Wellesley College Endowment General Information. Considerable resources are devoted by the College to responsible proxy voting. Members of the College community with questions, suggestions, or thoughts about the management of the Wellesley College endowment are invited to contact me at any time. 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 College is a Endowment located in Wellesley, MA United States, North America. Wellesley Collegehas an exchange program with Spelman College. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. [1][2] In 2005, the endowment table totaled $219.37billion. Amelia Larkin joined Wellesley College as an Investment Analyst in September 2021. University of Notre Dame View Total Assets Endowment North America 12. The program is for highly self-motivated individuals with a strong interest in finance and investments. Tenth Floor It is important for the DR/DS department to credit the proper donor and track the donor information. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. As of June 30, 2022, the endowment's market value was $2.7 billion. This information is readily accessible in Workday if you have the correct gift role. Its endowment is now valued at $2.72 billion. Carver Charitable Trust. We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. 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. Opportunities for establishing endowed funds begin at $150,000. As of June 30, 2021, the three-, five-, and ten-year annualized returns for Bowdoin's endowment were 22.7 percent, 19.2 percent, and 14.5 percent, respectivelyplacing Bowdoin among the top-performing endowments in the country across these time periods. Wellesley College, which has a $2.2 billion endowment, expects to owe the federal government about . 2008-2023 Sovereign Wealth Fund Institute. We use a blend of 65 percent stocks (as measured by the MSCI ACWI) and 35 percent bonds (as measured by the Citigroup World Govt Bond Index). One staff member is appointed to the Subcommittee by the Nominating Committee of Administrative Council, and the Chief Investment Officer appoints one member of the Investment Office team. Wellesley College is a private institution that was founded in 1870. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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 . Wellesley continues to rank in the top quartile in a universe of institutions with investments pools larger than $1 billion over the 1, 3, 5 and 10 years. Fiscal Year 2020-21 led the largest university endowments to soar the balance forward, the endowment & # ;. Sir evaluates these requests and may decide to recommend action to the Investment Committee has a 2.2... 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