It should go to Donor Relations Development Services (DR/DS) to be processed. As of June 30, 2021, the three-, five-, and ten-year annualized returns for Bowdoin's endowment were 22.7 percent, 19.2 percent, and 14.5 percent, respectivelyplacing Bowdoin among the top-performing endowments in the country across these time periods. 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. 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. Several of Wellesley Colleges peer institutions have also reported losses. 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. 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). To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. Contact Alumnae Relations & Development The loss also . 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. Established in 1919, its central focus is on entrepreneurship education . 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? Tuition and fees (in-state) $56,052. Wellesley College 1875 The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. As of June 30, 2022, the endowment's market value was $2.7 billion. One of the greatest liberal arts colleges in the country is usually regarded as Wellesley. 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. 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. Williams Colleges endowment saw an 11.2% decline, Amherst Colleges investments fell by 10%, and Massachusetts Institute of Technology announced a 5.3% loss. 10 Ice Spice lyrics that are actually about Wellesley. The Investment Office manages Wellesley College's $3.2 billion endowment. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . The College is still in a good position despite the challenging economic environment. Wellesley College has a long history of providing an excellent liberal arts undergraduate education for women. Spokeswoman Casey Bayer confirmed Friday that all reported returns were net of fees. Wellesley total enrollment is approximately 2,280 students. 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. 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. Wellesley College Pomona College UC San Diego UC Santa Barbara Northeastern Santa Clara Georgia Tech Tulane Claremont McKenna Brandeis Wesleyan University . The three key reasons why people thrive here are: 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. On U.S. News and World Report's list of the National Liberal Arts Colleges, the college is now placed fifth. Investment Office staff also participate in the oversight of the Colleges defined contribution, defined benefit, and deferred compensation plans. During FY21, the value of the portfolios fossil fuel exposure increased to $94.5 million from $84.7 million the year before as the value of private equity oil and gas interests recovered. This growth added $958 million to the endowment, bringing its value to $3.22 billion as of June 2021. Job specializations: Finance. Another yardstick is performance versus peers. <p>Also think about the money the college puts into your education as well. When Volent took on her position in the summer of 2000, Bowdoin's endowment stood at just over $465 million; in the year ended June 30, 2020, the endowment had gained 5.9 percent, growing to $1.8 billion, providing nearly $72 million to the annual operations of the College last year, including $33 million for need-based financial aid. Tuition and fees (out-of-state) $56,052. Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic and social value - everywhere. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year. How will the DOLs finalized rules impact ESG investing? 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 Board of Trustees believes that proxy voting can encourage corporate actions that enhance shareholder value and reflect the College's values. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. Wellesley College Cost Breakdown. 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. On June 30, 2021, the portfolios exposure to fossil fuels was 2.9%, down from 3.7% a year earlier. Cambridge Associates Blended Benchmark (2). 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. 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. [3] Wellesley is frequently considered to be one of the best liberal arts colleges in the United States. 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. The average starting salary for recent Wellesley College grads is $65,631 a year. Full Time position. It's always an opportunity to develop your skills and to help somebody else achieve their entrepreneurial ambitions. 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. 1Public Equity Blended Benchmark is a weighted average of MSCI ACWI, MSCI EAFE, MSCI EM and Russell 3000. Support a healthy tomorrow with your gift today. Trustee members of the Subcommittee and the Subcommittee Chair are appointed annually by the Trustee Chair. Board of Trustees to vote on divestment in late April. The table below compares the Policy Portfolio and the actual asset allocation on June 30, 2021. [2] It was founded by Roger W. Babson as an all-male business institute but became coeducational in 1970. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time. 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. 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 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. Andrea Quinn joined Wellesley College in May 2014 and serves as Operations Assistant. 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. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. Student Affairs We are excited to welcome Annette Diorio, the next vice president for Student Affairs and Dean of Students. [10][11] There continue to be vigorous efforts that advocate the repeal of the tax. Endowment Funding. Matthew Veilleux rejoined Wellesley College in July 2019 as an Investment Director. The lavish spending was made possible by the earnings from Harvard's $36.9 billion endowment, the world's largest. 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. Bowdoin College reported a 57.4 percent return during fiscal 2021, which ended June 30. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. 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. She created an endowed scholarship fund to support the College. Here you'll find a collaborative, collegial team environment designed to include and motivate every individual. 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 Policy Portfolio benchmark is a measure of how the Colleges target asset allocation would perform if returns in every asset class matched the market. I believe that the College will be well served by its strategy of broad diversification across asset classes, geographies, and strategies, and by the excellent investment managers with whom we partner. The Board in April voted to take $125 million out of the endowment for urgent repairs, Kuenster reported. 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