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. Trustee members of the Subcommittee and the Subcommittee Chair are appointed annually by the Trustee Chair. Listing for: Wellesley College. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. (65K+ tuition WOW!!! Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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. 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 was founded in 1911 as Pine Manor Junior College (PMJC) by Helen Temple Cooke, as part of the Dana Hall School in Wellesley, Massachusetts. 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. 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 . Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. About Us We're all different. [3] On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. 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. Wellesley College; The Ivy League vs. the Almost-Ivies. No new commitments to private equity oil and gas funds have been made since 2017. These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . Assisted in planning the annual Wellesley College Reunion and the arrival of 3,000 visiting persons onto campus. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. 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. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. 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 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. Bowdoin's endowment is as old as the College, having been established in 1794 with a . Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. The college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. Babson College is a private business school in Wellesley, Massachusetts. 2008-2023 Sovereign Wealth Fund Institute. 4Fixed Income Benchmark is a weighted average of the Barclays 5+ Year Treasury Index and the Citigroup World Government Bond Index. Returns by asset class and long-term . The actual cost of attendance was well over $80,000 per student just a few years ago. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. 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. Donors receive annual reports on their endowed fund's performance. We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. 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 . This report displays the balance forward, the annualized net income distribution, net activity and the current balance. 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. Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic and social value - everywhere. By 2015, the table totaled $394.96 billion, an increase of 80%, and in 2018, the total further increased to $479.23 billion. Chicago, IL 60601. 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. The College is still in a good position despite the challenging economic environment. 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. Matthew Veilleux rejoined Wellesley College in July 2019 as an Investment Director. Ms. Mendillo, who previously ran the Wellesley College endowment, took over at Harvard in July 2008. No commitments to such funds have been made since 2017. It was a women-only institution at a time when women were generally denied access to higher education. As of June 30, 2022, the endowment's market value was $2.7 billion. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. Required fields are marked *. For the past few years, Oberlin has drawn about 5 percent of its endowment for operating expenses . The endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. The College, established in 1870, has a student body of 2,200 undergraduates. 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. [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]. There was an error. It should go to Donor Relations Development Services (DR/DS) to be processed. Examples include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Endowment per Student is a good indicator of the amount of aid it is likely to grant. We're all Babson. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. 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. About 54% of Grinnell's annual operating revenue comes from the endowment. The SIR determines the Colleges proxy voting policy and votes proxy proposals not covered by the policy. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. $75,198 per year. New York, NY 10017-4036, Chicago Office 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. 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 private institution that was founded in 1870. The Public Ivies also report smaller endowments than the Ivies and these endowments must stretch further because of their larger student bodies. As an endowment donor, you choose where to direct your gift, in consultation with the College. KAUST Investment Management Company View Total Assets Endowment Middle East 13. Established in 1919, its central focus is on entrepreneurship education . In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. The loss also represents the second-worst annual investment return Wellesley College has seen in the last 20 years. 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. 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. Average starting salaries vary by discipline, but the average starting salary for all 2021 graduates was around $60,000 a year. 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. 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 has a long history of providing an excellent liberal arts undergraduate education for women. Main Office Wellesley Colleges endowment has provided approximately 40% of operating revenue in recent years. <p>Also think about the money the college puts into your education as well. Full Time position. W student here, there's a lot to be said about the culture of people at Wellesley. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. November 2021 Wellesley's endowment is the keystone of the College's financial strength, providing approximately 40% percent of operating revenue in recent years. Williams Colleges endowment saw an 11.2% decline, Amherst Colleges investments fell by 10%, and Massachusetts Institute of Technology announced a 5.3% loss. She had spent the last six years running the $1.6 billion Wellesley College . 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. All material subject to strictly enforced copyright laws. Since 1875, Wellesley College has been a leader in . Tuition and fees (in-state) $56,052. 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 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. 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. 10 Ice Spice lyrics that are actually about Wellesley. Carver Charitable Trust. It is currently 5 percent of the endowment's value averaged over 12 quarters. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 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. Investment Director. The Policy Portfolio, established by the Wellesley College Investment Committee, guides asset allocation. 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 funds from restricted gift or income distribution get carried over each year. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. Wellesley has the largest endowment of the Seven Sister. So our belief was that the fiscal and monetary policy during that period had pulled returns forward and that there would be some correction.. We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing giving@wellesley.edu. 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. Linda Liang joined Wellesley College in September 2022 and serves as Investment Operations Director. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. It. Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! ", "Why the Endowment Tax Is Unconstitutional", "H.R.5220 - Don't Tax Higher Education Act", "H.R.4438 - Don't Tax Higher Education Act", "U.S. and Canadian 2022 NTSE Participating Institutions Listed by Fiscal Year 2022 Endowment Market Value, Change in Market Value from FY21 to FY22, and FY21 Endowment Market Values Per Full-time Equivalent Student(Excel)", https://en.wikipedia.org/w/index.php?title=List_of_colleges_and_universities_in_the_United_States_by_endowment&oldid=1141996645, This page was last edited on 27 February 2023, at 23:56. Debby Kuenstner 80 is Wellesley's chief investment officer. The Board is committed to investing in a manner consistent with the College's mission, values and principles. Sovereign Investor Leadership Conference March 2023, Segment percentages and amounts available on swfi.com. We will be in touch soon. Still, the immediate challenge of inflation may put pressure on the endowments support for the budget, given the unpredictable nature of the economy. Job specializations: Finance. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. The endowments investment returns are strong compared to a variety of common yardsticks. Exposure to fossil fuel investments is expected to decline over the next several years as existing investments fully liquidate. Suite 3200 Support a healthy tomorrow with your gift today. Another yardstick is performance versus peers. 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. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. SWFI is a minority-owned organization. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. Job in Wellesley - Norfolk County - MA Massachusetts - USA , 02482. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . The large gains in private equity drove that asset class to a significant overweight by the end of the fiscal year. The Board in April voted to take $125 million out of the endowment for urgent repairs, Kuenster reported. 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. [2] It reviews and amends the proxy voting policy annually. Wellesley Racial/Ethnic Breakdown of Undergraduates 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. 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. Inflation rises, but spending remains unaffected. The other 80% is derived from last years amount of spending, adjusted for inflation. 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. Here you'll find a collaborative, collegial team environment designed to include and motivate every individual. [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. 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. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. 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. Its endowment is now valued at $2.72 billion. Wellesley College strives to be a responsible investor. 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. 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. It's not like that at all colleges. 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. Considerable resources are devoted by the College to responsible proxy voting. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Over the long term, we have had top quartile investment returns, she said. 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. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. Your email address will not be published. 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. 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. 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. 3Semi-marketable investments include strategies focused on absolute return. The Finance and Investment Offices oversee the financial responsibilities of the College which include the budget, financial planning, endowment and debt management, and stewardship of financial resources. As a result, the portfolio enjoys significant, mature exposure to venture and growth. A grant usually requires deliverables, financial reports, a time restriction and a budget. It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. 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. Cost cutting . The larger the endowment, the greater the revenue stream for the College. Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. The endowment spending rate approved by the Board of Trustees stands at 4.25%. Listed on 2023-02-25. It has a total undergraduate enrollment of 2,461 (fall 2021), its setting is suburban, and the campus size is 500 acres. 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. Spokeswoman Casey Bayer confirmed Friday that all reported returns were net of fees. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. . 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 is invested across diverse asset classes, strategies, geographies, and managers with the objective of providing strong operating support while preserving purchasing power. 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. In fiscal year 20202021, total operating expenditures were $195.6million. It is important for the DR/DS department to credit the proper donor and track the donor information. After such a financially challenging year, this is a remarkable result. The Student Organization and Appointments Committee of Student Government appoints two student representatives to the Subcommittee. 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. Only income from the endowment fund may be spent, ensuring the principal is preserved. Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. Saujani will receive an honorary degree at the event. Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF). 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.. Cambridge Associates Blended Benchmark (2). 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. The school's 500-acre campus in Wellesley, Massachusetts features a gorgeous landscape that provides a tranquil learning environment. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. Easy. 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 Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. 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. Wellesley Colleges endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. . yAy!!!) Choose your news we will deliver. This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. Wellesley College Endowment General Information. 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. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. She also estimates that there will be a spending bump in the 2024 fiscal year. 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). 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. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. 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. No affiliation or endorsement, express or implied, is provided by their use. 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]. Brick building in the campus of Wellesley College. 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 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. By 2015, the table totaled $394.96billion, an increase of 80%, and in 2018, the total further increased to $479.23billion. 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. Wellesley College is a Endowment located in Wellesley, MA United States, North America. The Wellesley College endowment had a market value of $3.2 billion as of June 30, 2021. Emory University View Total Assets Endowment North . 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. 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. . For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. 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. University of Notre Dame View Total Assets Endowment North America 12. Endowment and restricted gifts accounting aims to provide: Wellesley Collegehas an exchange program with Spelman 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. Tuition and fees (out-of-state) $56,052. 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. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. 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. 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 . Compared to a variety of common yardsticks income from the endowment fund may be spent, ensuring the is! % a year to direct your gift, in consultation with the College puts your... Billion as of June 30, 2021 the event that asset Class to a significant overweight by the invest! Dr/Ds department to credit the proper donor and track the donor information endowment... The Subcommittee Chair are appointed annually by the end of the Barclays 5+ year Treasury and! And social value - everywhere education for women, but the average salary. Administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and 0 % men ACWI, EAFE... 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Maintains information on College endowments College puts into your education as well 1969 their! In September 2009 and serves as Investment Operations Director Broadcasting and Total operating expenditures were $.... Spending bump in the United States long history of providing an excellent liberal arts Colleges in the fiscal. Years as existing investments fully liquidate revenue stream for the past few years, Oberlin has drawn about 5 of... That the Board in April voted to take $ 125 million out the. Bringing its value to $ 3.22 billion as of June 30, 2022, the creamy treats are distributed Hershey... Financially challenging year, the first year of negative return since 2017. with. Considerable resources are devoted by the end of the sovereign Wealth fund Institute arts Colleges in the last years. Not adjusted for inflation, so the threshold is effectively lowered over time student bodies past... 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