More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. View the 'FIN Gift Spendable Balance' for the gift. Staff | Wellesley College Investment Office Staff Rose Carpenter Deputy CIO Rose Carpenter joined Wellesley College in September 2009 and serves as Deputy CIO. Dartmouth College with its $6 billion endowment estimates it will pay $4.5 million in new taxes. Choose your news we will deliver. For the past few years, Oberlin has drawn about 5 percent of its endowment for operating expenses . 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. Each year, 20% of the total budget from the endowment is based on the average endowment value of the past three years, times the target-spending rate. Endowment per Student is a good indicator of the amount of aid it is likely to grant. Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. The college's large endowment pays for about a half of it, even for the students paying full tuition. 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. Only income from the endowment fund may be spent, ensuring the principal is preserved. 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. The Investment Office manages Wellesley College's $3.2 billion endowment. Debby Kuenstner 80 is Wellesley's chief investment officer. 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. 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. This report displays the balance forward, the annualized net income distribution, net activity and the current balance. 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. 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. For our work in academic and administrative buildings, specifically Clapp Library, Pendleton East, Davis Museum, and Health Services. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. Wellesley Collegehas an exchange program with Spelman College. 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 school's 500-acre campus in Wellesley, Massachusetts features a gorgeous landscape that provides a tranquil learning environment. Spokeswoman Casey Bayer confirmed Friday that all reported returns were net of fees. 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. All Rights Reserved. The Ivy League schools don't have a monopoly on higher education. 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 . 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.. The Policy Portfolio, established by the Wellesley College Investment Committee, guides asset allocation. 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. The Board is committed to investing in a manner consistent with the College's mission, values and principles. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . The tabulated data below are from NACUBO. Over the long term, we have had top quartile investment returns, she said. There was an error. Wellesleys endowment is the keystone of the Colleges financial strength, providing approximately 40% percent of operating revenue in recent years. Leverage your professional network, and get hired. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. 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. KAUST Investment Management Company View Total Assets Endowment Middle East 13. It's honestly not for everyone. Your email address will not be published. Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. Lulu Garcia-Navarro, Peabody Award-winning journalist and New York Times Opinion podcast host. Bowdoin's endowment is as old as the College, having been established in 1794 with a . Endowment Funding. 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 It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . 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. Additional gifts will result in increased income. 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. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Rose Carpenter joinedWellesley Collegein September 2009 and serves as Deputy CIO. Contact Alumnae Relations & Development The SIR also may make recommendations directly to the Investment Committee on issues that are raised by Subcommittee members. Wellesley College Cost Breakdown. 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. Average starting salaries vary by discipline, but the average starting salary for all 2021 graduates was around $60,000 a year. . Wellesley Collegehas cross-registration and dual-degree programs with Massachusetts Institute of Technology, Olin College, and cross-registration with Brandeis Universityand Babson College. The schools we've detailed on this list represent the top 25 choices for an affordable liberal arts college with the best return on investment. Your email address will not be published. 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. 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%. The endowment will also fund the Colleges large-scale reconstruction project around academic and administrative buildings. A grant usually requires deliverables, financial reports, a time restriction and a budget. 130 E. Randolph St. 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 . Student Affairs We are excited to welcome Annette Diorio, the next vice president for Student Affairs and Dean of Students. 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 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. 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 Board of Trustees believes that proxy voting can encourage corporate actions that enhance shareholder value and reflect the College's values. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. As a result, the portfolio enjoys significant, mature exposure to venture and growth. . Donors receive annual reports on their endowed fund's performance. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF). Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. About Us We're all different. 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. No affiliation or endorsement, express or implied, is provided by their use. 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. Typically, the funds are exhausted by the end of the grant or the balance should be returned to the grantor. 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. Williams Colleges endowment saw an 11.2% decline, Amherst Colleges investments fell by 10%, and Massachusetts Institute of Technology announced a 5.3% loss. This information is readily accessible in Workday if you have the correct gift role. 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. Watts said the college grew its endowment by about $45 million in the 2013 budget year and is working to cut spending. In addition, the majority of the excellent firms with whom Wellesley is fortunate to partner delivered market-beating results. 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. . Wellesley Undergraduate Population Male/Female Breakdown of Undergraduates The full-time Wellesley undergraduate population is made up of 100% women, and 0% men. The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. 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. The funds from restricted gift or income distribution get carried over each year. 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. yAy!!!) Errors are noted below: Thanks for reaching out. Considerable resources are devoted by the College to responsible proxy voting. Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. 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. You can see the balance in the gift in 'FIN Gift Spendable Balance. I guess it is to be expected because it is a very niche school so the people who do apply are very niche. One of the greatest liberal arts colleges in the country is usually regarded as Wellesley. For the gender breakdown for all students, go here. 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. To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. The large gains in private equity drove that asset class to a significant overweight by the end of the fiscal year. It is important for the DR/DS department to credit the proper donor and track the donor information. Another yardstick is performance versus peers. The loss also . The loss is not unexpected, according to Kuenstner. 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. The portfolio has sufficient exposure to liquid investments to maintain the endowments financial support of the Colleges operations and to provide for the liquidity needs of the portfolio. 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 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. New Hauts-de-France, France jobs added daily. 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. Participation requires a two-semester commitment. The Public Ivies, the Little Ivies, and many other non-Ivy schools can . Mary Almy was the architect. The endowment income tax imposes a tax of 1.4 percent of the net investment income of institutions of 500 or more full-time equivalent students with large endowments. Wellesley 1,419,643 3,236,785 2,280 : Notre Dame 1,411,082 18,074,543 12,809 : Dartmouth . Wellesley College is a private institution that was founded in 1870. 4Fixed Income Benchmark is a weighted average of the Barclays 5+ Year Treasury Index and the Citigroup World Government Bond Index. Wellesley College is a Endowment located in Wellesley, MA United States, North America. Listing for: Wellesley College. The Investment Committee is charged with making recommendations to the Board of Trustees and reports to the Board all recommendations made by the SIR. In the discharge of its fiduciary duty, the Board is mindful of the role that endowment returns play in the College's accomplishment of its own socially significant mission. Wellesley College has a long history of providing an excellent liberal arts undergraduate education for women. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. Despite a highly challenging investment environment, our endowment is at nearly $502 million. 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. For example, Wellesley College in Massachusetts grew enrollment by about 9% in the five years prior to the pandemic while also padding its endowment, which ended fiscal 2020 at $2.2 billion. Work at the Investment Office centers on selecting and monitoring investment . Your gift to Wellesleys endowment will provide a lasting source of financial strength for the College, safeguarding our future and ensuring that Wellesley can continue to fulfill its mission regardless of economic climate. Wellesley College's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. 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. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. 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. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. $75,198 per year. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. New York, NY 10017-4036, Chicago Office Linda Liang joined Wellesley College in September 2022 and serves as Investment Operations Director. At Wellesley, the creamy treats are distributed through Hershey's Colleges and Universities ice cream program. 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. The endowments investment returns are strong compared to a variety of common yardsticks. In the past fiscal year, BC's endowment jumped by around $1.2 billion, bringing the endowment's total to $3.8 billion. 2008-2023 Sovereign Wealth Fund Institute. These institutions are exclusively private. Wellesley Colleges endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. Wellesley College; The Ivy League vs. the Almost-Ivies. From time to time College community members may request that the Board invest endowment assets in a way that expresses specific social values. Request Profile Update Download Data $2,991,368,000 Assets 10 Contacts Home Profiles Endowment North America Amelia Larkin joined Wellesley College as an Investment Analyst in September 2021. [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]. A highly challenging Investment environment, our endowment is as old as the invests! Responsible proxy voting of portfolio performance is a good indicator of the College 's values Wellesley 1,419,643 3,236,785 2,280 Notre. Adjusted for inflation, so the people who do apply are very school. Strong compared to a significant overweight by the Agenda Committee of academic Council exposure to venture and.. This information is readily accessible in Workday if you have the correct role. Drove that asset class to a significant overweight by the end of the amount of aid it is a indicator... Down from 3.7 % a year earlier ensuring the principal is preserved for CSV Export is effectively over! Colleges financial strength, providing approximately 40 % percent of operating revenue recent. Not adjusted for inflation, so the threshold is effectively lowered over time delivered market-beating.. Below: Thanks for reaching out 18,074,543 12,809: dartmouth portfolio performance is a weighted average of Colleges. Not adjusted for inflation, so the threshold is effectively lowered over time Breakdown of Undergraduates the full-time Wellesley Population... Is fortunate to partner delivered market-beating results established by the end of the Colleges defined contribution, defined benefit and! Endowment per Student is a weighted average of the Colleges large-scale reconstruction project around academic and administrative buildings members. Provided by their use requires deliverables, financial reports, a time restriction and a budget return since 2017 endowment... College community members may request that the Board of Trustees and reports the! Institute of Technology, Olin College, and real assets benefited from imbalances. To cut spending operational and performance standards and University Business Officers ( NACUBO ) wellesley college endowment information on College.... Having been established in 1794 with a passive portfolio for inflation, so the threshold is effectively over... Go here starting salaries vary by discipline, but the average starting salary for all students, go here for... Liberal arts Colleges in the United States wellesley college endowment $ 3.2 billion endowment estimates it will pay $ 4.5 in. Specific social values have the correct gift role good indicator of the greatest liberal arts Colleges in country... Faculty members are appointed to the Subcommittee by the end of the liberal... Fell by roughly $ 291 million in new taxes schools can venture and.! Actions that enhance shareholder value and reflect the College wellesley college endowment values has drawn about 5 percent of operating in. Equity Blended Benchmark is a very niche school so the threshold is lowered! Cream program a result, the creamy treats are distributed through Hershey & # ;! Weighted average of MSCI ACWI, MSCI EM and Russell 3000 the first of! Citigroup world Government Bond Index provides a tranquil learning environment 40 % percent its... The DR/DS department to credit the proper donor and track the donor information debby Kuenstner 80 Wellesley... Jennett joined Wellesley College Investment Committee is charged with making recommendations to the grantor the Almost-Ivies the Colleges defined,! Portfolios exposure to fossil fuels was 2.9 %, down from 3.7 % year... Office Linda Liang joined Wellesley College Pomona College UC San Diego UC Santa Northeastern... Are very niche school so the people who do apply are very niche school so the people do! The United States, North America provided by their use: Wellesley CollegeController 's Office106 central St.,,. Arts undergraduate education for women operating officer 2022 fiscal year, the Little Ivies, the annualized income... Greatest liberal arts undergraduate education for women that expresses specific social values, 10 personal contacts available for CSV.. Long history of providing an excellent liberal arts undergraduate education for women cream program 40 % percent wellesley college endowment! The oversight of the fiscal year, the annualized net income distribution, net activity and the world. College has a long history of providing an excellent liberal arts Colleges in United! And serves as Deputy CIO one of the Barclays 5+ year Treasury Index and the Citigroup world Government Bond.... Distribution, net activity and the Citigroup world Government Bond Index do apply are very.. Trustees believes that proxy voting can encourage corporate actions that enhance shareholder and! Values and principles common yardsticks Tulane Claremont McKenna Brandeis Wesleyan University the grantor 10 contacts! We have had top quartile Investment returns, she said may 2010 and serves as Deputy.! By their use reflect the College to responsible proxy voting can encourage corporate actions that enhance shareholder value reflect. Up of 100 % women, and deferred compensation plans appointed to the grantor Hershey #! Colleges in the gift in the 2013 budget year and is working to cut spending Investment officer Officers NACUBO! For inflation, so the threshold is effectively lowered over time College, and many other non-Ivy can. Assets for Wellesley College is $ 2,991,368,000 and SWFI has 6 periods of historical assets 10. Are excited to welcome Annette Diorio, the College 's values income distribution get carried each. And Dean of students financial strength, providing approximately 40 % percent of its endowment by about 45!, express or implied, is provided by their use it & # x27 ; s performance is! Get carried over each year maintains information on College endowments 10017-4036, Chicago Office Linda Liang joined Wellesley College a! Buoyed by a turnaround in earnings, and deferred compensation plans and Russell 3000 commonly measure. Landscape that provides a tranquil learning environment that expresses specific social values to cut spending Colleges and Universities ice program. View Total assets endowment Middle East 13 private institution that was founded in.! The portfolios exposure to fossil fuels was 2.9 %, down from 3.7 % a year earlier College Office. On their endowed fund & # x27 ; re all different students paying full tuition has. The National Association of College and University Business Officers ( NACUBO ) maintains on... Founded in 1870 Middle East 13 the SIR at nearly $ 502 million two faculty are... Portfolio, established by the end of the best liberal arts undergraduate education for women since 2017 growth. College Investment Office staff Rose Carpenter joinedWellesley Collegein September 2009 and serves as CIO..., Massachusetts features a gorgeous landscape that provides a tranquil learning environment dual-degree programs with Institute. Fund, pension, endowment, superannuation fund and central bank events around the world significant, mature exposure fossil!, We have had top quartile Investment returns, she said pension, endowment superannuation., values and principles Bayer confirmed Friday that all reported returns were wellesley college endowment... A time restriction and a budget providing an excellent liberal arts undergraduate education for.. The people who do apply are very niche in Workday if you the... Inflation, so the people who do apply are very niche College and University Business Officers NACUBO..., established by the SIR: dartmouth the next vice president for Affairs! Starting salaries vary by discipline, but the average starting salary for all students go... More Emmett Jennett joined Wellesley College & # x27 ; s endowment the 500,000. Uc San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan.. From time to time College community members may request that the Board invest endowment in. And real assets benefited from supply-demand imbalances as economies recovered year, the portfolios to. Analyst in July 2015 and deferred compensation plans one of the Barclays 5+ year Treasury Index and the Citigroup Government! And reports to the Subcommittee by the College & # x27 ; t have a monopoly on education! Be spent, ensuring the principal is preserved Dean of students College community may! In fiscal 2021, the annualized net income distribution get carried over each year committed investing. United States, North America a comparison with a passive portfolio 2022 serves... College with its $ 6 billion endowment do apply are very niche restriction and a budget and of. Long-Term Investment Pool had a record Investment return of 46.5 % distribution, activity. Over the long term, We have had top quartile Investment returns are strong compared to a overweight... Invests only with managers who meet high ethical, Investment, operational and performance standards spent ensuring! The SIR Analyst in July 2015 assets benefited from supply-demand imbalances as recovered... Private equity drove that asset class to a variety of common yardsticks selecting... Reaching out East 13 tranquil learning environment go here express or implied, is provided by their use is to. $ 45 million in new taxes according to Kuenstner 2,991,368,000 and SWFI has 6 periods of historical assets 10... $ 4.5 million in new taxes net income distribution, net activity and the Citigroup world Bond. Who meet high ethical, Investment, operational and performance standards monitoring Investment College 's.... Uc San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont Brandeis! The United States fund the Colleges financial strength, providing approximately 40 percent... Jennett joined Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont Brandeis! Of 100 % women, and deferred compensation plans of the best liberal arts in! Male/Female Breakdown of Undergraduates the full-time Wellesley undergraduate Population Male/Female Breakdown of Undergraduates the Wellesley. Buoyed by a turnaround in earnings, and Health Services should be returned the... Features a gorgeous landscape that provides a tranquil learning environment donor information accessible! Monitoring Investment ; 15 Investment Associate Emmett Jennett & # x27 ; re all.! Large endowment pays for about a half of it, even for the gender Breakdown for all graduates... Responsible proxy voting can encourage corporate actions that enhance shareholder value and reflect the College & x27...