Wellesley Racial/Ethnic Breakdown of Undergraduates 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. Since 1875, Wellesley College has been a leader in . The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. Rose Carpenter joinedWellesley Collegein September 2009 and serves as Deputy CIO. 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. Year by year, the College has been steadily increasing the total cost of attendance, and the 2021-2022 school year was no exception. 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 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. Wellesley's endowment of $3.226 billion is the largest out of all women's colleges and the 49th largest among all colleges and universities in the United States in 2019. Exposure to fossil fuel investments is expected to decline over the next several years as existing investments fully liquidate. Endowment Funding. 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. New Hauts-de-France, France jobs added daily. Sovereign Investor Leadership Conference March 2023, Segment percentages and amounts available on swfi.com. Prestige, endowment, program rank, acceptance rate, tuition, notable professors, student life, et cetera so has literally every single other rankings list that claims to be valid 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. ', AVP for Finance, Controller and Assistant Treasurer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. Wellesley College's Endowment. 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). Established in 1919, its central focus is on entrepreneurship education . The college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. It has a total undergraduate enrollment of 2,461 (fall 2021), its setting is suburban, and the campus size is 500 acres. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. 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. Description. 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. Wellesley College Endowment General Information. 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. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. 8, it trails behind nearly 200 academic institutions in doing so. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school 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. Wellesley Collegehas an exchange program with Spelman College. Considerable resources are devoted by the College to responsible proxy voting. 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. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. 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. ", "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. Congratulations, Dr. Paula Johnson, nepo baby extraordinaire! By 2015, the table totaled $394.96billion, an increase of 80%, and in 2018, the total further increased to $479.23billion. 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 . 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. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. These institutions are exclusively private. Debby Kuenstner 80 is Wellesley's chief investment officer. The Public Ivies also report smaller endowments than the Ivies and these endowments must stretch further because of their larger student bodies. She had spent the last six years running the $1.6 billion Wellesley College . Brick building in the campus of Wellesley College. 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. 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. Over the long term, we have had top quartile investment returns, she said. Room and board. 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. Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. . Listed on 2023-02-25. Babson College is a private business school in Wellesley, Massachusetts. The college's large endowment pays for about a half of it, even for the students paying full tuition. After such a financially challenging year, this is a remarkable result. Investment Director. Wellesley College 1875 KAUST Investment Management Company View Total Assets Endowment Middle East 13. . 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. 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. 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. I'm applying there and rejection is always a thing. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. Request Profile Update Download Data $2,991,368,000 Assets 10 Contacts Home Profiles Endowment North America 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 our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. Additional gifts will result in increased income. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. 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. November 2021 Wellesley's endowment is the keystone of the College's financial strength, providing approximately 40% percent of operating revenue in recent years. 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. The funds from restricted gift or income distribution get carried over each year. 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. It is currently 5 percent of the endowment's value averaged over 12 quarters. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . These included: IBM Corporation, State Street Boston Corporation, WGBH Broadcasting and . 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. All material subject to strictly enforced copyright laws. Wellesley College; The Ivy League vs. the Almost-Ivies. 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. 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. bookstore, conference services, golf course, etc.). Spokeswoman Casey Bayer confirmed Friday that all reported returns were net of fees. 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. 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%. Across the portfolio, our managers must have an uncompromising focus on integrity, which not only ensures alignment with the Colleges values, but protects long-term returns as these managers put client interests first. The endowment spending rate approved by the Board of Trustees stands at 4.25%. Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. yAy!!!) (65K+ tuition WOW!!! 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. 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. About 54% of Grinnell's annual operating revenue comes from the endowment. Support a healthy tomorrow with your gift today. The goal of endowment and restricted gifts accounting is to uphold the Controller's 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. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. Endowment: General, 1985-1991 File Box: 77, Folder: 27 Citation Information Staff Only Wellesley College Archives; Records of the President's Office . Endowment per Student is a good indicator of the amount of aid it is likely to grant. Saujani will receive an honorary degree at the event. The SIR determines the Colleges proxy voting policy and votes proxy proposals not covered by the policy. Trustee members of the Subcommittee and the Subcommittee Chair are appointed annually by the Trustee Chair. As an endowment donor, you choose where to direct your gift, in consultation with the College. Mary Almy was the architect. Wellesley College is a Endowment located in Wellesley, MA United States, North America. Your email address will not be published. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. The Investment Office and the Investment Committee remain focused on long-term growth to ensure that the endowment continues to support the Colleges mission. List of colleges and universities in the United States by endowment, Endowments per student greater than $1million, Last edited on 27 February 2023, at 23:56, University of North Carolina at Chapel Hill, Lists of institutions of higher education by endowment size, "National Association of College and University Business Officers", "Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns", "Yale endowment earns 40.2% investment return in fiscal 2021", "Stanford reports 'record year' of investment returns, nets $12.1 billion in gains", "Princeton's endowment returns continue to support University mission and impact", "Wealthy colleges face uncertainty as they seek ways to avoid new endowment tax", "The wealthiest universities are paying big endowment tax bills, but how much are others who are on the hook paying? Chicago, IL 60601. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. 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