The Board is committed to investing in a manner consistent with the College's mission, values and principles. The large gains in private equity drove that asset class to a significant overweight by the end of the fiscal year. Your email address will not be published. Grinnell College has three primary sources of revenue: 1) the annual endowment spending distribution, 2) revenue from students, and 3) philanthropic support, plus other auxiliary operations (e.g. We're all Babson. Watts said the college grew its endowment by about $45 million in the 2013 budget year and is working to cut spending. Consideration of the endowments of the Seven Sisters' and the Ivy's recognized that while the endowments of the top men's schools together came to about $319,000,000, the Seven Sisters' endowments totaled only $36,000,000. Tenth Floor Inflation rises, but spending remains unaffected. 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. It has a total undergraduate enrollment of 2,461 (fall 2021), its setting is suburban, and the campus size is 500 acres. For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. 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. The Policy Portfolio, established by the Wellesley College Investment Committee, guides asset allocation. 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. Wellesley Collegehas an exchange program with Spelman College. [10][11] There continue to be vigorous efforts that advocate the repeal of the tax. The larger the endowment, the greater the revenue stream for the College. Carver Charitable Trust. 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. Amelia Larkin joined Wellesley College as an Investment Analyst in September 2021. To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. Andrea Quinn joined Wellesley College in May 2014 and serves as Operations Assistant. We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing giving@wellesley.edu. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . [2] Wellesley Racial/Ethnic Breakdown of Undergraduates Debby Kuenstner '80 is Wellesley's chief investment officer. Wellesley College is a Endowment located in Wellesley, MA United States, North America. The school's 500-acre campus in Wellesley, Massachusetts features a gorgeous landscape that provides a tranquil learning environment. 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. 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. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. 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. Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. Over the long term, we have had top quartile investment returns, she said. As of June 30, 2022, the endowment's market value was $2.7 billion. Wellesley Colleges endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. 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]. Another yardstick is performance versus peers. 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. 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. . For the five, 10 and 15 years. 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. 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 long-term (10-year average) returns regularly place us in the top decile of performance compared to approximately 600 reporting colleges and . Tuition and fees (in-state) $56,052. Since 1875, Wellesley College has been a leader in . Spokeswoman Casey Bayer confirmed Friday that all reported returns were net of fees. The endowments investment returns are strong compared to a variety of common yardsticks. This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. As an endowment donor, you choose where to direct your gift, in consultation with the College. 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. Wellesley College has a long history of providing an excellent liberal arts undergraduate education for women. 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. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. 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. The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. New Hauts-de-France, France jobs added daily. 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. 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. Additional gifts will result in increased income. Ms. Mendillo, who previously ran the Wellesley College endowment, took over at Harvard in July 2008. <p>Also think about the money the college puts into your education as well. Choose your news we will deliver. The tabulated data below are from NACUBO. 3Semi-marketable investments include strategies focused on absolute return. 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. 10. Wellesley College Endowment General Information. The college's large endowment pays for about a half of it, even for the students paying full tuition. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. 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. No commitments to such funds have been made since 2017. The Ivy League schools don't have a monopoly on higher education. For public universities, the larger endowments are often associated with flagship state universities, especially those associated with a medical school. 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. Room and board. 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%. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. 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 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. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . The endowment spending rate approved by the Board of Trustees stands at 4.25%. Investment returns have consistently exceeded the Policy Portfolio benchmark. 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. The Investment Office and the Investment Committee remain focused on long-term growth to ensure that the endowment continues to support the Colleges mission. bookstore, conference services, golf course, etc.). The SIR also may make recommendations directly to the Investment Committee on issues that are raised by Subcommittee members. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. 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. (65K+ tuition WOW!!! SWFI is a minority-owned organization. The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. Description. Wellesley College is a private institution that was founded in 1870. Wellesley College; The Ivy League vs. the Almost-Ivies. Contact Alumnae Relations & Development Assisted in planning the annual Wellesley College Reunion and the arrival of 3,000 visiting persons onto campus. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. The endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. 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. . Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! 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 college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. Debby Kuenstner 80 is Wellesley's chief investment officer. 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. By 2015, the table totaled $394.96billion, an increase of 80%, and in 2018, the total further increased to $479.23billion. . 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. Wellesley College's Endowment. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. 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. Columbia University in the City of New York $24,698,782,000 Endowment North America 11. Its endowment is now valued at $2.72 billion. Wellesley has the largest endowment of the Seven Sister. 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