To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. Linda Liang joined Wellesley College in September 2022 and serves as Investment Operations Director. 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. Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. Wellesley total enrollment is approximately 2,280 students. Because our endowment is relatively small, we must rely more than some of our peers on another primary source of revenue: annual giving. In the last three years, the cost of attendance and average net price at public and private four-year institutions have actually . Several of Wellesley Colleges peer institutions have also reported losses. [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]. 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.. 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. On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. Additional gifts will result in increased income. Wellesley College's Endowment. Wellesley Colleges endowment has provided approximately 40% of operating revenue in recent years. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. I'm applying there and rejection is always a thing. Columbia University in the City of New York $24,698,782,000 Endowment North America 11. 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. Chicago, IL 60601. Still, the immediate challenge of inflation may put pressure on the endowments support for the budget, given the unpredictable nature of the economy. We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. Average starting salaries vary by discipline, but the average starting salary for all 2021 graduates was around $60,000 a year. The other 80% is derived from last years amount of spending, adjusted for inflation. The college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. 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. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. Emory University View Total Assets Endowment North . Wellesley College 1875 Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! 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 income is posted to the gift in twelve postings. It is currently 5 percent of the endowment's value averaged over 12 quarters. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. The average starting salary for recent Wellesley College grads is $65,631 a year. Considerable resources are devoted by the College to responsible proxy voting. 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. She begins her new role at Union on Jan. 2, 2023. 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. Cost cutting . 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. [9][10] Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research. How will the DOLs finalized rules impact ESG investing? During FY21, the value of the portfolios fossil fuel exposure increased to $94.5 million from $84.7 million the year before as the value of private equity oil and gas interests recovered. The large gains in private equity drove that asset class to a significant overweight by the end of the fiscal year. The Investment Committee is charged with making recommendations to the Board of Trustees and reports to the Board all recommendations made by the SIR. The Colleges well-diversified portfolio has exceeded a hypothetical portfolio of 65 percent stocks and 35 percent bonds over the last 5, 10 and 15 years. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. For public universities, the larger endowments are often associated with flagship state universities, especially those associated with a medical school. The endowment spending rate approved by the Board of Trustees stands at 4.25%. Wellesley College is a private institution that was founded in 1870. Ms. Mendillo, who previously ran the Wellesley College endowment, took over at Harvard in July 2008. 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. With the launch the Wellesley Effect campaign in October, Wellesley College has been on the receiving end of several large donations, many of which will become a part of the College's growing endowment. The 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. 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 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. [10][11] There continue to be vigorous efforts that advocate the repeal of the tax. Wellesley Collegehas cross-registration and dual-degree programs with Massachusetts Institute of Technology, Olin College, and cross-registration with Brandeis Universityand Babson College. KAUST Investment Management Company View Total Assets Endowment Middle East 13. Job specializations: Finance. 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. Its endowment is now valued at $2.72 billion. 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. 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 . It was a women-only institution at a time when women were generally denied access to higher education. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. 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's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. She created an endowed scholarship fund to support the College. Another yardstick is performance versus peers. . 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. 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. Since 1875, Wellesley College has been a leader in . More Debby Kuenstner '80 Chief Investment Officer Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. 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. For the gender breakdown for all students, go here. . These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. 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. Wellesley has the largest endowment of the Seven Sister. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. The college's large endowment pays for about a half of it, even for the students paying full tuition. 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. Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. 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. 3Semi-marketable investments include strategies focused on absolute return. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. All Rights Reserved. The tabulated data below are from NACUBO. 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. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. 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. Listing for: Wellesley College. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor The endowment will also fund the Colleges large-scale reconstruction project around academic and administrative buildings. Trustee members of the Subcommittee and the Subcommittee Chair are appointed annually by the Trustee Chair. It's honestly not for everyone. Wellesley Racial/Ethnic Breakdown of Undergraduates Debby Kuenstner '80 is Wellesley's chief investment officer. Wellesley College's Investment Office manages an endowment fund that is based in Wellesley, Massachusetts. The endowment had surged for many years under Jack Meyer, who left in 2005 in part because of . University of Notre Dame View Total Assets Endowment North America 12. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. Inflation rises, but spending remains unaffected. In fiscal year 20202021, total operating expenditures were $195.6million. 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. 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