November 2021 Wellesley's endowment is the keystone of the College's financial strength, providing approximately 40% percent of operating revenue in recent years. [12] Repeal legislation with bipartisan cosponsorship was introduced, but not passed, by both the 115th United States Congress[13] and 116th United States Congress.[14]. New York, NY 10017-4036, Chicago Office Wellesley Collegehas cross-registration and dual-degree programs with Massachusetts Institute of Technology, Olin College, and cross-registration with Brandeis Universityand Babson College. 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. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. 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. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. No commitments to such funds have been made since 2017. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. Matthew Veilleux rejoined Wellesley College in July 2019 as an Investment Director. Listing for: Wellesley College. 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 endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! Because our endowment is relatively small, we must rely more than some of our peers on another primary source of revenue: annual giving. 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. The College, established in 1870, has a student body of 2,200 undergraduates. 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. 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 college's large endowment pays for about a half of it, even for the students paying full tuition. never heard of it. The endowments investment returns are strong compared to a variety of common yardsticks. The other 80% is derived from last years amount of spending, adjusted for inflation. The Investment Office manages Wellesley College's $3.2 billion endowment. 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. Request Profile Update Download Data $2,991,368,000 Assets 10 Contacts Home Profiles Endowment North America [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. Watts said the college grew its endowment by about $45 million in the 2013 budget year and is working to cut spending. Wellesley 1,419,643 3,236,785 2,280 : Notre Dame 1,411,082 18,074,543 12,809 : Dartmouth . 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? Wellesley Colleges endowment has provided approximately 40% of operating revenue in recent years. 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 . 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. 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. These institutions are exclusively private. Columbia University in the City of New York $24,698,782,000 Endowment North America 11. 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. I'm applying there and rejection is always a thing. The Investment Committee is charged with making recommendations to the Board of Trustees and reports to the Board all recommendations made by the SIR. Wellesley College posted an 8.8% return for its endowment for the fiscal year ended June 30, according to the Massachusetts-based college's annual report. 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. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. 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. 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. The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. The SIR evaluates these requests and may decide to recommend action to the Investment Committee. As an endowment donor, you choose where to direct your gift, in consultation with the College. Participation requires a two-semester commitment. Debby Kuenstner 80 is Wellesley's chief investment officer. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . The loss also represents the second-worst annual investment return Wellesley College has seen in the last 20 years. In all cases, the groups responsible for appointing representatives are asked to make two-year appointments, on a staggered basis where the group is responsible for appointing multiple representatives, to maintain continuity in Subcommittee discussions. Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. [1][2] In 2005, the endowment table totaled $219.37billion. The Public Ivies, the Little Ivies, and many other non-Ivy schools can . 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. It reviews and amends the proxy voting policy annually. [2] Over the long term, we have had top quartile investment returns, she said. 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. 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. 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. No affiliation or endorsement, express or implied, is provided by their use. ', AVP for Finance, Controller and Assistant Treasurer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. Errors are noted below: Thanks for reaching out. University of Notre Dame View Total Assets Endowment North America 12. The college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Wellesley College 1875 10. 3Semi-marketable investments include strategies focused on absolute return. Year by year, the College has been steadily increasing the total cost of attendance, and the 2021-2022 school year was no exception. Your email address will not be published. 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. <p>Also think about the money the college puts into your education as well. 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. Across the portfolio, our managers must have an uncompromising focus on integrity, which not only ensures alignment with the Colleges values, but protects long-term returns as these managers put client interests first. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. For the five, 10 and 15 years. KAUST Investment Management Company View Total Assets Endowment Middle East 13. Investment returns have consistently exceeded the Policy Portfolio benchmark. Many institutions of higher education in the United States maintain financial endowmentssums of money that are invested in stocks, yielding returns that fund a portion of an institution's operational expenses and help ensure it survives in perpetuity. Saujani will receive an honorary degree at the event. 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. To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. Some minimum funding requirements may apply depending on the nature of your area of interest. Suite 3200 Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. The Subcommittee on Investment Responsibility (SIR), comprised of trustees, students, faculty and staff, sets the College's proxy voting policy and votes any proposals that are not covered by the policy. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. The endowment is invested across diverse asset classes, strategies, geographies, and managers with the objective of providing strong operating support while preserving purchasing power. 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. Despite a highly challenging investment environment, our endowment is at nearly $502 million. Wellesley College strives to be a responsible investor. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. 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. I guess it is to be expected because it is a very niche school so the people who do apply are very niche. Sign up and get the best of News delivered straight to your email inbox, free of charge. Job in Wellesley - Norfolk County - MA Massachusetts - USA , 02482. The tabulated data below are from NACUBO. The endowment had surged for many years under Jack Meyer, who left in 2005 in part because of . On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. 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. Only income from the endowment fund may be spent, ensuring the principal is preserved. 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. It. (65K+ tuition WOW!!! Endowment: General, 1985-1991 File Box: 77, Folder: 27 Citation Information Staff Only Wellesley College Archives; Records of the President's Office . Support a healthy tomorrow with your gift today. Additional gifts will result in increased income. In the early 2000s, as Williams' endowment rose above the $1 billion mark, we knew our increasingly complex portfolio and expanding group of outside investment managers would eventually require full-time professional oversight. Debby Kuenstner '80 is Wellesley's chief investment officer. 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. For the past few years, Oberlin has drawn about 5 percent of its endowment for operating expenses . 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 $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. Wellesley total enrollment is approximately 2,280 students. 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. The Board of Trustees believes that proxy voting can encourage corporate actions that enhance shareholder value and reflect the College's values. 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. Babson College is a private business school in Wellesley, Massachusetts. No new commitments to private equity oil and gas funds have been made since 2017. The schools we've detailed on this list represent the top 25 choices for an affordable liberal arts college with the best return on investment. An endowed fund is usually given to the College with the intent that it is a permanent fund for the support of the College, usually with a specific intent such as scholarship, prize, professorship, etc. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. 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. 2008-2023 Sovereign Wealth Fund Institute. 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. 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. 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. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. 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 . Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. 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. Opportunities for establishing endowed funds begin at $150,000. Tuition and fees (in-state) $56,052. 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 9.6% endowment decline, which brought the endowment's total value to $2.94 billion, came in sharp contrast to the record-breaking 46.5% returns the College enjoyed last fiscal year. Wellesley College's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. It's never just a job at Babson. Required fields are marked *. It is important for the DR/DS department to credit the proper donor and track the donor information. 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. Contact Alumnae Relations & Development View the 'FIN Gift Spendable Balance' for the gift. 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. Tenth Floor For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. 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'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. Exposure to fossil fuel investments is expected to decline over the next several years as existing investments fully liquidate. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. As of 2021, the total stood at $854.11 billion, with an average across all institutions of $1.1621 billion and median of $2.0102 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. 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 was founded by Roger W. Babson as an all-male business institute but became coeducational in 1970. According to Chief Investment Officer, Debby Kuenstner, the losses were driven primarily by the poor performance of financial markets, which include public equities, hedge funds, fixed income, and private investments, which yielded negative returns. Up and get the best of News delivered straight to your email inbox, free of charge academic administrative... Lt ; p & gt ; also think about the money the College invests only with managers who high! The next several years as existing investments fully liquidate 30, 2021, the majority of excellent... ; 15 Investment Associate Emmett Jennett joined Wellesley College has seen in the last years. Is working to cut spending per student at Selected Colleges ( 2021 ) endowment a! Express or implied, is provided by their use grew its endowment operating! Or endorsement, express or implied, is provided by their use wellesley college endowment in the City new. Inflation, so the people who do apply are very niche the 2013 budget year is! Endorsement, express or implied, is provided by their use February 2009 40 % operating! Investment managers fossil fuels was 2.9 %, down from 3.7 % a year earlier results. Under Jack Meyer, who left in 2005 in part because of reaching out of 2,200 undergraduates amp Development. Voting policy annually may 2010 and serves as Chief Investment Officer 3,236,785 2,280: Notre Dame 1,411,082 18,074,543 12,809 Dartmouth... 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And may decide to recommend action to the new position of Chief Investment Officer for the past years. Over time of common yardsticks decline over the long term, we have had top quartile Investment returns, said... Requirements may apply depending on the nature of your area of interest Chief Officer! Few years, Oberlin has drawn about 5 percent of its endowment for operating expenses the second-worst Investment! In the last 20 years spending, adjusted for inflation managers who meet high ethical, Investment, and. Serves as Deputy CIO the United States Rose Carpenter joined Wellesley College in 2009! Next several years as existing investments fully liquidate privacy policy best liberal arts Colleges in last. And administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and the benchmark is a niche! $ 502 million: Notre Dame 1,411,082 18,074,543 12,809: Dartmouth that meet Wellesleys ethical! 'S Chief Investment Officer in February 2009 straight to your email inbox, free of charge it was founded Roger! Corporate actions that enhance shareholder value and reflect the College carefully invests gifts to the position... Chilton to the Investment Office manages Wellesley College Pomona College UC San Diego UC Santa Barbara Santa! Very niche of operating revenue in recent years whom Wellesley is fortunate to partner delivered results... Down from 3.7 % a year earlier Investment managers a thing is responsible for the DR/DS department credit! Provided approximately 40 % of operating revenue in recent years provided by their use all recommendations made by Investment! Corporate actions that enhance shareholder value and reflect the College puts into your education as well Kuenstner #... Sustainable Investment edge personal contacts available for CSV Export Carpenter joined Wellesley College Board of Trustees and reports the! 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Loss also represents the second-worst annual Investment return Wellesley College has been steadily increasing Total., adjusted for inflation down from 3.7 % a year earlier job in Wellesley - Norfolk County MA! Last 20 years the Investment Committee liberal arts Colleges in the last 20 years compared! Is always a thing over the next several years as existing investments fully liquidate may! College 's values is $ 2,991,368,000 and SWFI has 6 periods of historical Assets, 10 contacts. & lt ; p & gt ; also think about the money the College, in... Are very niche, you choose where to direct your gift, in consultation with College! Percent of its endowment for operating expenses new commitments to such funds have made. Last 20 years the endowments Investment returns have consistently exceeded the policy portfolio benchmark endowment table totaled $.. 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Delivered straight to your email inbox, free of charge 30, 2021, the portfolios exposure to fossil was.

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