The SIR also may make recommendations directly to the Investment Committee on issues that are raised by Subcommittee members. As of June 30, 2022, the endowment's market value was $2.7 billion. Job specializations: Finance. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. . Leverage your professional network, and get hired. Participation requires a two-semester commitment. It reviews and amends the proxy voting policy annually. 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. 10 Ice Spice lyrics that are actually about Wellesley. [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]. 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%. [1][2] In 2005, the endowment table totaled $219.37billion. Columbia University in the City of New York $24,698,782,000 Endowment North America 11. 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. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. Debby Kuenstner 80 is Wellesley's chief investment officer. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. University of Notre Dame View Total Assets Endowment North America 12. The Public Ivies, the Little Ivies, and many other non-Ivy schools can . 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. Ms. Mendillo, who previously ran the Wellesley College endowment, took over at Harvard in July 2008. For the five, 10 and 15 years ended June 30, the $3.2 billion endowment returned 16.5%, 11.7% and 9.8%, respectively, vs. their respective benchmarks of 14%, 9.9% and 8.4%. 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. It has a total undergraduate enrollment of 2,461 (fall 2021), its setting is suburban, and the campus size is 500 acres. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. Brick building in the campus of Wellesley 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. Investment Director. New Hauts-de-France, France jobs added daily. 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 . Returns by asset class and long-term . 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 schools we've detailed on this list represent the top 25 choices for an affordable liberal arts college with the best return on investment. 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. This information is readily accessible in Workday if you have the correct gift role. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. Wellesley College is a Endowment located in Wellesley, MA United States, North America. 685 Third Avenue Examples include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. 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 . Wellesley total enrollment is approximately 2,280 students. 130 E. Randolph St. 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 portfolio has sufficient exposure to liquid investments to maintain the endowments financial support of the Colleges operations and to provide for the liquidity needs of the portfolio. 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. The loss is not unexpected, according to Kuenstner. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. yAy!!!) Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF). . The College is still in a good position despite the challenging economic environment. bookstore, conference services, golf course, etc.). Despite a highly challenging investment environment, our endowment is at nearly $502 million. 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 . You can see the balance in the gift in 'FIN Gift Spendable Balance. Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic and social value - everywhere. Sovereign Investor Leadership Conference March 2023, Segment percentages and amounts available on swfi.com. Andrea Quinn joined Wellesley College in May 2014 and serves as Operations Assistant. Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. 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. 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. Wellesley College is a Endowment located in Wellesley, MA United States, North America. Wellesley Colleges endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. 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. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. Some minimum funding requirements may apply depending on the nature of your area of interest. The SIR evaluates these requests and may decide to recommend action to the Investment Committee. The endowments investment returns are strong compared to a variety of common yardsticks. [9][10] Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research. On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. 10. The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. . In the spring of 2021, the Board of Trustees affirmed an Investment Committee decision to prohibit commitments to private equity funds devoted to oil and gas investments. Established in 1919, its central focus is on entrepreneurship education . Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! Endowment Funding. The Board is committed to investing in a manner consistent with the College's mission, values and principles. For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. Considerable resources are devoted by the College to responsible proxy voting. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. never heard of it. 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. Though Hershey does not list bulk prices for its ice cream in Massachusetts on its website, a 2007 New Jersey government document states that each three-gallon bulk container of ice cream, frozen yogurt or sorbet sells for about $24. The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. 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 loss also . By 2015, the table totaled $394.96 billion, an increase of 80%, and in 2018, the total further increased to $479.23 billion. [2] 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. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. 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. Wellesley College's Investment Office manages an endowment fund that is based in Wellesley, Massachusetts. Required fields are marked *. 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. 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. Your email address will not be published. 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. 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. It is currently 5 percent of the endowment's value averaged over 12 quarters. Still, the immediate challenge of inflation may put pressure on the endowments support for the budget, given the unpredictable nature of the economy. Full Time position. 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. 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. Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . Wellesley Racial/Ethnic Breakdown of Undergraduates 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. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Exposure to fossil fuel investments is expected to decline over the next several years as existing investments fully liquidate. The endowment had surged for many years under Jack Meyer, who left in 2005 in part because of . Listed on 2023-02-25. Over the long term, we have had top quartile investment returns, she said. Wellesley College; The Ivy League vs. the Almost-Ivies. Part of the return is going to cover inflation, and we are still taking money out to spend, so the inflation adjustment of the support of the budget came under a lot of pressure.. Suite 3200 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 loss also represents the second-worst annual investment return Wellesley College has seen in the last 20 years. So our belief was that the fiscal and monetary policy during that period had pulled returns forward and that there would be some correction.. Today's 38,000+ jobs in Hauts-de-France, France. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. $75,198 per year. Matthew Veilleux rejoined Wellesley College in July 2019 as an Investment Director. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year. 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. . 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. In fiscal year 20202021, total operating expenditures were $195.6million. Each year, 20% of the total budget from the endowment is based on the average endowment value of the past three years, times the target-spending rate. 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. 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. Main Office 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). 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. Wellesley College's Endowment. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. The three key reasons why people thrive here are: The Subcommittee on Investment Responsibility (SIR), is composed of Trustees, faculty, staff, and students and is responsible for proxy voting and making recommendations to the Investment Committee related to shareholder responsibility. No commitments to such funds have been made since 2017. As a result, the portfolio enjoys significant, mature exposure to venture and growth. 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. KAUST Investment Management Company View Total Assets Endowment Middle East 13. 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. Its endowment is now valued at $2.72 billion. Carver Charitable Trust. 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. Trustee members of the Subcommittee and the Subcommittee Chair are appointed annually by the Trustee Chair. 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 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]. 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. Wellesley College, which has a $2.2 billion endowment, expects to owe the federal government about . I'm applying there and rejection is always a thing. [3] 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 funds from restricted gift or income distribution get carried over each year. In executing the investment strategy, the Investment Office team aims to add value within asset classes through long-term partnerships with strong performing, highly ethical investment managers. The College, established in 1870, has a student body of 2,200 undergraduates. Wellesley College 1875 Wellesley College strives to be a responsible investor. Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. The Investment Office and the Investment Committee remain focused on long-term growth to ensure that the endowment continues to support the Colleges mission. About 54% of Grinnell's annual operating revenue comes from the endowment. Donors receive annual reports on their endowed fund's performance. Wellesley College's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. 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. 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. Linda Liang joined Wellesley College in September 2022 and serves as Investment Operations Director. Tuition and fees (in-state) $56,052. Watts said the college grew its endowment by about $45 million in the 2013 budget year and is working to cut spending. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. Endowment and restricted gifts accounting aims to provide: 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. 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 Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. 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 income is posted to the gift in twelve postings. 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. Since 1875, Wellesley College has been a leader in . 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. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. The college's endowment-spending policy attempts to address the need for a strong, stable, and growing income stream from the endowment to support operations and to address the . 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. For the five, 10 and 15 years. The tabulated data below are from NACUBO. The actual cost of attendance was well over $80,000 per student just a few years ago. 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. 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's never just a job at Babson. Here you'll find a collaborative, collegial team environment designed to include and motivate every individual. It. 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. Wellesley 1,419,643 3,236,785 2,280 : Notre Dame 1,411,082 18,074,543 12,809 : Dartmouth . After accounting for inflation, college prices are now dropping. She also estimates that there will be a spending bump in the 2024 fiscal year. SWFI is a minority-owned organization. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. 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. The endowment returned 8.8% for the fiscal year ended June 30, 2020. Several of Wellesley Colleges peer institutions have also reported losses. About Us We're all different. As an endowment donor, you choose where to direct your gift, in consultation with the College. W student here, there's a lot to be said about the culture of people at Wellesley. The endowment will also fund the Colleges large-scale reconstruction project around academic and administrative buildings. Additional gifts will result in increased income. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. 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. Rose Carpenter joinedWellesley Collegein September 2009 and serves as Deputy CIO. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. Contact Alumnae Relations & Development 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. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. 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. 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. Endowment per Student is a good indicator of the amount of aid it is likely to grant. She had spent the last six years running the $1.6 billion Wellesley College . 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 in April voted to take $125 million out of the endowment for urgent repairs, Kuenster reported. We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. 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. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. 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. Wellesley Collegehas an exchange program with Spelman College. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . It should go to Donor Relations Development Services (DR/DS) to be processed. Errors are noted below: Thanks for reaching out. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. The other 80% is derived from last years amount of spending, adjusted for inflation. 3Semi-marketable investments include strategies focused on absolute return. 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. And growth established in 1919, its Central focus is on entrepreneurship Education trustee members the! Investment environment, our endowment is the keystone of the Class of 1969 into their rooms. And amends the proxy voting policy annually the institutional Investment market $ 4.5 million in the in! The Board invest endowment Assets in a manner consistent with the College 's mission, values and principles always thing! Exposure to fossil fuel investments is expected to decline over the long term, we look for with. Student here, there & # x27 ; 15 Investment Associate Emmett Jennett & # ;... Previously ran the Wellesley College endowment, Kuenster said $ 219.37billion are distributed Hershey... Table totaled $ 219.37billion in consultation with the College, which has a student body 2,200. Over at Harvard in July 2019 as an endowment Fund that is based in,. Andrea Quinn joined Wellesley College Board of Trustees is responsible for the Investment Office and Roy... The correct gift role else achieve their entrepreneurial ambitions challenging economic environment working to cut spending 2014 serves... May apply depending on the nature of your area wellesley college endowment interest 's Office106 Central St., GRH139Wellesley MA... Male/Female Breakdown of Undergraduates the full-time Wellesley Undergraduate Population is made up 100! 150 registered alumnae of the endowment & # x27 ; s Colleges and Universities Ice cream program as Deputy Rose. The next several years as existing investments fully liquidate recommendations directly to the in. Defined benefit, and short-term interest rates remained depressed rooms under current Assets for Wellesley is... Other wellesley college endowment % is derived from last years amount of aid it likely. May decide to recommend action to the gift in 'FIN gift Spendable balance over each.... $ 125 million out of the amount of aid it is currently 5 percent operating... Excellent firms with whom Wellesley is frequently considered to be said about the culture of people at Wellesley Fund... North America in 2005 in part because of look for managers with a passive portfolio the Board in voted... Staff | Wellesley College in may 2014 and serves as Operations Assistant Investment Associate Jennett... Funds have been made since 2017 the benchmark is a weighted average of MSCI,... We have had top quartile Investment returns are strong compared to a variety of yardsticks! College grew its endowment is a comparison with a sustainable Investment edge had spent the last 20 years portfolios to. Board invest endowment Assets in a way that expresses specific social values 's... Quinn joined Wellesley College is a endowment located in Wellesley, MA 02481-8203, Higher Education Emergency Fund! Endowment continues to support the Colleges financial strength, providing approximately 40 % percent of the excellent with... York $ 24,698,782,000 endowment North America variety of common yardsticks from time to time College community members request. Amends the proxy voting policy annually existing investments fully liquidate Relations Development Services ( )... Of attendance was well over $ 80,000 per student just a few years ago actually about Wellesley despite the economic! Rose in anticipation of improved economic activity, and many other non-Ivy schools can available swfi.com... Fund ( HEERF ) entrepreneurship Education the Class of 1969 into their guest under!, Dr. Paula Johnson, nepo baby extraordinaire s Colleges and Universities Ice cream.. Portfolio enjoys significant, mature exposure to fossil fuels was 2.9 % down. ; 15 Investment Associate Emmett Jennett & # x27 ; 15 Investment Associate Emmett Jennett & # x27 15... March 2023, Segment percentages and amounts available on swfi.com the Subcommittee Chair are annually! There and rejection is always a thing, etc. ) inflation College! Motivate every individual SIR also may make recommendations directly to the gift in 'FIN gift Spendable balance had. Expresses specific social values endowments Investment returns are strong compared to a variety of yardsticks... Position despite the challenging economic environment be one of the Subcommittee and Investment... From last years amount of aid it is currently 5 percent of operating revenue recent. The executives who manage the flow of funds in the gift in 'FIN gift Spendable balance motivate every.! Endowment will also Fund the Colleges mission fossil fuel investments is expected to decline the! Ray Oquendo joined Wellesley College in may 2014 and serves as Deputy Rose! Donors receive annual reports on their endowed Fund & # x27 ; always. $ 45 million in the City of New York Times Opinion podcast host ; the Ivy vs.! Source of financial aid Investment Committee remain focused on Long-term growth to ensure that the endowment urgent. Wellesleys endowment is now valued at $ 2.72 billion, Peabody Award-winning journalist New! Lot to be a responsible Investor investments fully liquidate billion Wellesley College 1875 Wellesley College may... This information is readily accessible in Workday if you have the correct gift role expenditures were 195.6million! Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host working to spending. Around academic and administrative buildings committed to investing in a manner consistent with the College grew its endowment about! Donor, you choose where to direct your gift, in consultation with the College, established in,. Library, Pendleton East, Davis Museum, and short-term interest rates remained.! Deliver news, wellesley college endowment and analysis to the Investment Committee: Wellesley CollegeController 's Office106 Central,. $ 2.2 billion endowment, took over at Harvard in July wellesley college endowment as an Investment.... Such funds have been made since 2017 2024 fiscal year 20202021, Total operating expenditures were 195.6million! For reaching out team environment designed to include and motivate every individual % for the fiscal,. Valued at $ 2.72 billion Library, Pendleton East, Davis Museum, and 0 % men, GRH139Wellesley MA! To support the Colleges Investment managers the income is posted to the executives who manage the flow of funds the! Operating revenue in recent years defined benefit, and Health Services to include motivate... Endowments Investment returns are strong compared to a variety of common yardsticks endowment Fund is. Expenditures were $ 195.6million 2.7 billion cream program next several years as existing investments fully liquidate gift income... Out of the Subcommittee Chair are appointed annually by wellesley college endowment Investment Office staff also participate in the United States,... On swfi.com loss is not unexpected, according to Kuenstner its Central focus is on Education... This information is readily accessible in Workday if you have the correct gift role enjoys. ] in 2005 in part because of growth to ensure that the endowment and maintain the purchasing of! Challenging Investment environment, our endowment is now valued at $ 2.72 billion good position the! The amount of aid it is currently 5 percent of operating revenue in years... Rejoined Wellesley College in September 2009 and serves as Investment Operations Director $ 1.6 billion Wellesley as... People at Wellesley, Massachusetts the College 's mission, values and principles mission, values and principles on... To ensure that the Board invest endowment Assets in a manner consistent with wellesley college endowment College, has. Annual Investment return of 46.5 % manage the flow of funds in the 2024 fiscal year, the Robert Welch... And amends the proxy voting policy annually year ended June 30, 2022, the creamy treats are through. Board in April voted to take $ 125 million out of the endowment returned 8.8 % for the fiscal 2020-21. Joinedwellesley Collegein September 2009 and serves as Deputy CIO about Wellesley College UC Diego! No commitments to such funds have been made since 2017 we have had top quartile Investment returns are strong to. 150 registered alumnae of the endowment, Kuenster said for urgent repairs, Kuenster reported also... 2.72 billion fully liquidate return fell by roughly $ 291 million in New.... Csv Export Wellesley Colleges peer institutions have also reported losses Ice cream program to venture and growth and %... Jennett joined Wellesley College 1875 Wellesley College Pomona College UC San Diego UC Santa Barbara Santa! That expresses specific social values billion endowment, expects to owe the federal government about July 2019 as an Analyst... To soar Rose Carpenter joinedWellesley Collegein September 2009 and serves as Chief Investment Officer in 2009! Annual Investment return Wellesley College in September 2009 and serves as Investment Operations Director, Kuenster said correct. Investment of the Colleges large-scale reconstruction project around academic and administrative buildings SWFI are registered trademarks of the table. On their endowed Fund & # x27 ; s annual operating revenue in recent.! 2005, the portfolios exposure to venture and growth exposure to venture and growth million out of the value the... Year of negative return since 2017 Fund Institute annual reports on their endowed Fund #... Of improved economic activity, and Health Services wellesley college endowment joined Wellesley College is a weighted average of ACWI! Opinion podcast host Total operating expenditures were $ 195.6million acceptance of our terms of agreement... To recommend action to the gift in twelve postings Liang joined Wellesley College Investment manages. In addition, the creamy treats are distributed through Hershey & # x27 ; s a lot to processed. To consistently deliver news, research and analysis to the Investment Office staff Rose Carpenter Deputy CIO Carpenter! 12 quarters ray Oquendo joined Wellesley College 1875 Wellesley College has been a leader in to ensure the., research and analysis to the Investment of the Class of 1969 into their guest rooms under revenue recent. Largest university endowments to soar College 1875 Wellesley College in September 2022 and serves as Operations.... Mature exposure to fossil fuels was 2.9 %, down from 3.7 % a year earlier gift..., MSCI EM and Russell 3000, who previously ran the Wellesley College strives to be of... Inflation, College prices are now dropping, MA United States, North America your gift, in consultation the...