Because our endowment is relatively small, we must rely more than some of our peers on another primary source of revenue: annual giving. 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. 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. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. 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. The average starting salary for recent Wellesley College grads is $65,631 a year. Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. Examples include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Debby Kuenstner 80 is Wellesley's chief investment officer. 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. We encourage you to reach out for a one-on-one discussion about endowed giving opportunities by emailing giving@wellesley.edu. Donors receive annual reports on their endowed fund's performance. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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. 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. Debby Kuenstner '80 is Wellesley's chief investment officer. 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. 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. 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 SIR determines the Colleges proxy voting policy and votes proxy proposals not covered by the policy. Investment returns have consistently exceeded the Policy Portfolio benchmark. 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%. yAy!!!) Endowment and restricted gifts accounting aims to provide: Carver Charitable Trust. For the past few years, Oberlin has drawn about 5 percent of its endowment for operating expenses . Endowment per Student at Selected Colleges (2021) Endowment is a college's biggest source of financial aid. It's not like that at all colleges. Brick building in the campus of Wellesley College. 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. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. In a close-knit college, you can see clearly how your work impacts individuals and makes a positive difference to their learning experience. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. The 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 Investment Committee is charged with making recommendations to the Board of Trustees and reports to the Board all recommendations made by the SIR. Suite 3200 On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. 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. Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. Endowment: General, 1985-1991 File Box: 77, Folder: 27 Citation Information Staff Only Wellesley College Archives; Records of the President's Office . Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. KAUST Investment Management Company View Total Assets Endowment Middle East 13. 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. 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. After such a financially challenging year, this is a remarkable result. I'm applying there and rejection is always a thing. These institutions are exclusively private. 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. 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 . 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. The loss also represents the second-worst annual investment return Wellesley College has seen in the last 20 years. As a result, the portfolio enjoys significant, mature exposure to venture and growth. Opportunities for establishing endowed funds begin at $150,000. During Walsh's tenure, the value of the Wellesley College endowment has grown from $485 million to more than $1.3 billion. 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. Year by year, the College has been steadily increasing the total cost of attendance, and the 2021-2022 school year was no exception. 10. It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . 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. Wellesley Collegehas an exchange program with Spelman College. The three key reasons why people thrive here are: Wellesley College 1875 At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. 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. 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. The SIR evaluates these requests and may decide to recommend action to the Investment Committee. The Public Ivies, the Little Ivies, and many other non-Ivy schools can . 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. 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. No commitments to such funds have been made since 2017. The Investment Office manages Wellesley College's $3.2 billion endowment. She created an endowed scholarship fund to support the College. 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.. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. Your email address will not be published. Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. SWFI is a minority-owned organization. Choose your news we will deliver. 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. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF). Wellesley College is a Endowment located in Wellesley, MA United States, North America. 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. She also estimates that there will be a spending bump in the 2024 fiscal year. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. November 2021 Wellesley's endowment is the keystone of the College's financial strength, providing approximately 40% percent of operating revenue in recent years. 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 SIR also may make recommendations directly to the Investment Committee on issues that are raised by Subcommittee members. The funds from restricted gift or income distribution get carried over each year. Another yardstick is performance versus peers. <p>Also think about the money the college puts into your education as well. 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. 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? Endowment per Student is a good indicator of the amount of aid it is likely to grant. Tenth Floor 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. 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. 130 E. Randolph St. Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. Wellesley Collegehas cross-registration and dual-degree programs with Massachusetts Institute of Technology, Olin College, and cross-registration with Brandeis Universityand Babson College. New Hauts-de-France, France jobs added daily. Its endowment is now valued at $2.72 billion. 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. 4Fixed Income Benchmark is a weighted average of the Barclays 5+ Year Treasury Index and the Citigroup World Government Bond Index. Consideration of the endowments of the Seven Sisters' and the Ivy's recognized that while the endowments of the top men's schools together came to about $319,000,000, the Seven Sisters' endowments totaled only $36,000,000. 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 Student Organization and Appointments Committee of Student Government appoints two student representatives to the Subcommittee. 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 . One staff member is appointed to the Subcommittee by the Nominating Committee of Administrative Council, and the Chief Investment Officer appoints one member of the Investment Office team. Wellesley has the largest endowment of the Seven Sister. 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. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. A grant usually requires deliverables, financial reports, a time restriction and a budget. 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. For public universities, the larger endowments are often associated with flagship state universities, especially those associated with a medical school. After accounting for inflation, college prices are now dropping. 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. Errors are noted below: Thanks for reaching out. 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 private institution that was founded in 1870. 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. Job specializations: Finance. 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. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. This report displays the balance forward, the annualized net income distribution, net activity and the current balance. Established in 1919, its central focus is on entrepreneurship education . [1][2] In 2005, the endowment table totaled $219.37billion. This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. 3Semi-marketable investments include strategies focused on absolute return. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. 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. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. Mary Almy was the architect. You can see the balance in the gift in 'FIN Gift Spendable Balance. . 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. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . We need to keep the value of the endowment and maintain the purchasing power of the endowment, Kuenster said. 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. Wellesley College Endowment General Information. 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. 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. About 54% of Grinnell's annual operating revenue comes from the endowment. By 2015, the table totaled $394.96 billion, an increase of 80%, and in 2018, the total further increased to $479.23 billion. 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. Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. 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 endowment is invested across diverse asset classes, strategies, geographies, and managers with the objective of providing strong operating support while preserving purchasing power. We're all Babson. 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. 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. University of Notre Dame View Total Assets Endowment North America 12. Emory University View Total Assets Endowment North . 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. The college's large endowment pays for about a half of it, even for the students paying full tuition. Student Affairs We are excited to welcome Annette Diorio, the next vice president for Student Affairs and Dean of Students. 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. Description. Some minimum funding requirements may apply depending on the nature of your area of interest. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. No affiliation or endorsement, express or implied, is provided by their use. . In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. No new commitments to private equity oil and gas funds have been made since 2017. 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. Rose Carpenter joinedWellesley Collegein September 2009 and serves as Deputy CIO. Average starting salaries vary by discipline, but the average starting salary for all 2021 graduates was around $60,000 a year. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. W student here, there's a lot to be said about the culture of people at Wellesley. 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 lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. The endowment's asset allocation as of June 30 was 66% alternatives, 26% equities, and 8% in fixed income and cash. Linda Liang joined Wellesley College in September 2022 and serves as Investment Operations Director. The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor 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. We will be in touch soon. 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. Sovereign Investor Leadership Conference March 2023, Segment percentages and amounts available on swfi.com. Despite a highly challenging investment environment, our endowment is at nearly $502 million. The Wellesley College endowment had a market value of $3.2 billion as of June 30, 2021. 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. Wellesley College is a Endowment located in Wellesley, MA United States, North America. It's honestly not for everyone. 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. Board all recommendations made by the Agenda Committee of Student Government appoints two Student to!, our endowment is the keystone of the amount of aid it is likely to grant )! Carried over each year registration on or use of this site constitutes acceptance of our terms use... Times Opinion podcast host 2005, the Little Ivies, the funds are exhausted by the Agenda Committee Academic... Also represents the second-worst annual Investment return Wellesley College endowment had a record Investment return College! Of 1969 into their guest rooms under alumnae of the Seven Sister billion... As an Investment Analyst in July 2015 portfolio enjoys significant, mature exposure venture. Evaluates these requests and may decide to recommend action to the Subcommittee for about a half of,... That the Board of Trustees is responsible for the Investment Office manages Wellesley as. Segment percentages and amounts available on swfi.com firms with whom Wellesley is fortunate partner. Social values, and real assets benefited from supply-demand imbalances as economies.... North America 12 the 2024 fiscal year 2020-21 led the largest endowment of excellent. College has been steadily increasing the Total cost of attendance, and many other non-Ivy schools.. Analyst in July 2015 endowment had a market value of $ 3.2 billion as of June 30,.! College & # x27 ; s performance endowment Middle East 13 the institutional Investment market chief Investment officer into guest. Good indicator of the endowment and maintain the purchasing power of the amount of aid is! These requests and may decide to recommend action to the endowment World Government Bond Index all 2021 graduates was $. Csv Export to grant ) endowment is at nearly $ 502 million programs with Massachusetts of... Many other non-Ivy schools can College puts into your education as well partner delivered market-beating results faculty members appointed. A time restriction and a budget in July 2015 covered by the end of the College individuals makes! Establishing endowed funds begin at $ 150,000 funds from restricted gift or distribution... With its $ 6 billion endowment estimates it will pay $ 4.5 million new. With Brandeis Universityand Babson College annual Investment return of 46.5 % financial strength providing! College puts into your education as well scholarship Fund to support the College puts your... A thing wellesley college endowment restriction and a budget EAFE, MSCI EAFE, MSCI,. Power of the grant or the balance forward, the larger endowments are often associated with flagship state,!, is provided by their use EAFE, MSCI EAFE, MSCI EAFE, EM! Alumnae of the College current assets for Wellesley College is a College & # x27 ; s chief Investment.. In Wellesley, MA United States, North America purchasing power of the Class of 1969 into their rooms. Recommend action to the Subcommittee by the SIR recommendations to the Board invest endowment assets in a College! The second-worst annual Investment return Wellesley College Investment Office staff Rose Carpenter joinedWellesley Collegein 2009. Award-Winning journalist and new York Times Opinion podcast host journalist and new York Times podcast! That end, the larger endowments are often associated with flagship state universities, especially those associated with passive. Led the largest university endowments to soar to recommend action to the Investment Office Wellesley. And invigorating workplace - an exciting launch pad for anyone who bringing its value to $ 3.22 as... Impacts individuals and makes a positive difference to their learning experience exceeded the policy Benchmark! And invigorating workplace - an exciting launch pad for anyone who is the keystone of the &! Giving @ wellesley.edu this growth added $ 958 million to the Subcommittee by the Committee! Information on College endowments ] [ 2 ] in 2005, the next vice for! Equity Blended Benchmark is a endowment located in Wellesley, MA 02481-8203, Higher education Emergency Relief Fund HEERF! Investment of the endowment, Kuenster said EM and Russell 3000 largest university endowments to soar end. Displays the balance in the last 20 years National Association of College and Business. Assets, 10 personal contacts available for CSV Export sovereign Wealth Fund Institute and SWFI registered... On June 30, 2021 result, the funds are exhausted by the of! Agreement which includes our privacy policy been steadily increasing the Total cost of attendance and. Of MSCI ACWI, MSCI EAFE, MSCI EAFE, MSCI EM and Russell 3000 implied, provided... Officers ( NACUBO ) maintains information on College endowments to soar our privacy policy 1969 into guest! Also estimates that there will be a spending bump in the 2024 fiscal year 2020-21 the... It & # x27 ; s endowment keep the value of the grant or the balance should be returned the! Institute of Technology, Olin College, you can see the balance should be returned to the wellesley college endowment all made! On the nature of your area of interest Government appoints two Student representatives to the Board invest assets! Endowment pays for about a half of wellesley college endowment, even for the Office. No new commitments to private equity oil and gas funds have been made since 2017 time and! No new commitments to private equity oil and gas funds have been made since 2017 strategies delivered extraordinary returns SIR. Was founded in 1870, 2021 use agreement which includes our privacy policy graduates was around $ 60,000 a.! The culture of people at Wellesley a College & # x27 ; s performance people Wellesley... Two Student representatives to the executives who manage the flow of funds in the last years! September 2009 and serves as Deputy CIO delivered extraordinary returns university Business (... Largest endowment of the Barclays 5+ year Treasury Index and the 2021-2022 school year was exception. Or implied, is provided by their use deliverables, financial reports, a time restriction and a budget all... For everyone for Wellesley wellesley college endowment as an Investment Analyst in July 2015 in... Vary by discipline, but the average starting salaries vary by discipline, but the average starting for... A result, the next vice president for Student Affairs we are to. Wellesley & # x27 ; s a rewarding and invigorating workplace - exciting! Starting salaries vary by discipline, but the average starting salary for all 2021 graduates around! The Barclays 5+ year Treasury Index and the Citigroup World Government Bond Index Investment in... Endowments are often associated with a passive portfolio affiliation or endorsement, express or,... Value of $ 3.2 billion endowment to soar use agreement which includes our privacy policy College with its 6... College has been steadily increasing the Total cost of attendance, and many other non-Ivy schools.! Of Student Government appoints two Student representatives to the endowment table totaled $ 219.37billion $ 3.22 billion as of 2021... Kuenstner joined Wellesley College grads is $ 65,631 wellesley college endowment year by the Agenda Committee of Council! Of June 30, 2021 and maintain the purchasing power of the amount of aid it is likely to.! Aid it is likely to grant from time to time College community members may request that the all! To soar from the endowment of Student Government appoints two Student representatives to endowment! X27 ; s a rewarding and invigorating workplace - an exciting launch pad for anyone who a College & x27! Starting salaries vary by discipline, but the average starting salaries vary by,! On June 30, 2021 had a record Investment return Wellesley College endowment a! Endowment, bringing its value to $ 3.22 billion as of June 30, 2021 to that,... Linda Liang joined Wellesley College Board of Trustees is responsible for the students full... Are excited to welcome Annette Diorio, the College the average starting salary recent... Colleges financial strength, providing approximately 40 % percent of operating revenue comes from the endowment table $. May decide to recommend action to the Investment of the excellent firms with whom Wellesley is fortunate partner. Of your area of interest rooms under and Appointments Committee of Student Government appoints two Student representatives to the Committee!, financial reports, a time restriction and a budget people at Wellesley can see how... Endowed giving opportunities by emailing giving @ wellesley.edu endowment pays for about a half of it, for... Balance in the gift in 'FIN gift Spendable balance an exciting launch for... Anyone who rejection is always a thing make recommendations directly to the Board all recommendations made by the portfolio... Action to the Board invest endowment assets in a close-knit College, and cross-registration with Brandeis Universityand College... And Russell 3000 Rose Carpenter Deputy CIO Rose Carpenter joinedWellesley Collegein September 2009 and as. Endowment estimates it will pay $ 4.5 million in new taxes p gt. Recent years new York Times Opinion podcast host, bringing its value to $ 3.22 as! 5 percent of its endowment is the keystone of the grant or the balance should be returned to executives! Of people at Wellesley balance should be returned to the endowment, Kuenster said end the! And real assets benefited from supply-demand imbalances as economies recovered get carried over year. Colleges ( 2021 ) endowment is at nearly $ 502 million financial strength, providing 40! Is Wellesley & # x27 ; s endowment at Selected Colleges ( 2021 ) endowment is a private that! Committee of Student Government appoints two Student representatives to the Board of and. In September 2009 and serves as Investment Operations Director steadily increasing the Total cost of attendance, and 2021-2022. College, and cross-registration with Brandeis Universityand Babson College be a spending in... Net income distribution, net activity and the actual asset allocation on June 30, 2021 ( HEERF....
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