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Allegheny College Endowment Fund

Name: Allegheny College

Assets Under Management: $298.3 Million (Source: Allegheny College on 6/30/2009)

Annual Report: Allegheny College 2008-2009 Annual Financial Report

Portfolio Insights: “Allegheny College (the College) is a four-year co-educational college fully accredited by the Middle States Association of Colleges and Secondary Schools. The College generates its operating revenues generally from student tuition and gifts. The College’s students are primarily from the states of Pennsylvania, New York and Ohio. The College is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code.

The College utilizes various investment instruments that are exposed to risks, such as interest rate, credit, and over-all market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the fair values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements and accompanying notes. (Source)

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Top Allegheny College Endowment Fund Headlines:

1) Allegheny College has advanced a set of environmental guiding principles. A full-time sustainability coordinator develops green initiatives, and departmental sustainability liaisons also raise awareness among their coworkers. Computing services purchases exclusively EPEAT-certified computers. (Source)

2) Allegheny College is a liberal arts school located in Meadville, Pennsylvania, near Lake Erie and about 90 miles north of Pittsburgh. Students at Allegheny can choose from about 30 majors, and they must complete a senior project before they graduate. This capstone project is not a standard essay, but rather a significant piece of independent research or creative work that the students present to their faculty and classmates. Outside the classroom, students can join more than 100 clubs, pledge with about 10 Greek-letter organizations or try out for the Allegheny Gators varsity sports teams, which compete in the NCAA Division III North Coast Athletic Conference. Notable Allegheny alumni include Paul Siple, an Antarctica explorer who developed the wind-chill index factor. William McKinley, the 25th president of the United States, attended Allegheny College in the 1800s, but legend has it that he and his roommate were expelled for shoving a cow into the school’s bell tower. (Source)

3) July 17, 2013 – Retired judge and Erie native Jack K. Mandel, who graduated from Allegheny College in 1958, and his wife, Judy, have made a gift to the college of more than 50 World War I era posters.

The public is welcome to attend a reception for Jack Mandel from 2:30 to 3:30 p.m. on Thursday, July 25, in the Tippie Alumni Center. A slideshow at the reception will showcase the posters in the collection.

The college will display the posters in campus buildings that see the most student traffic, including this fall in the Vukovich Center for Communication Arts and Arter Hall, where the history department is housed.

Mandel earned a master’s degree from the University of Arizona and an LLB from the University of Pennsylvania. He served as a judge in the Superior Court of Orange County, California, for 19 years, until his retirement. (Source)

4) Allegheny College in Western Pennsylvania has almost quadrupled its Jewish student population since 2003. Rachel arrived as a freshman in 2004 and is now the school’s Hillel professional and a full-time admissions counselor, and she gives 20% of her school-paid time to Hillel.

Rachel points out that there are advantages to the college’s small Jewish population. She engages with 25% of the school’s Jewish population weekly and students have unique opportunities to quickly become leaders within the Hillel community.

“The Hillel Schusterman International Center (SIC) is our hub for support and resources – and our source of inspiration. I use other Soref schools for resources and support, because they’ve been where we are and understand us. Hillel also helps connect students to larger conferences, activities and initiatives.” -Rachel Dingman, Admissions Counselor and Hillel professional, Allegheny College
(Source)

5) March 10, 2014 — James H. Mullen Jr., president of Allegheny College, has been elected chair of the Board of Directors of the American Council on Education (ACE), the major coordinating body for the country’s colleges and universities.

Mullen became board chair during ACE’s 96th Annual Meeting in San Diego. He succeeds Diana Natalicio, president of the University of Texas at El Paso (UTEP), and will serve for one year. Before becoming ACE Board chair, Mullen served as vice chair.

ACE’s membership also elected Renu Khator, chancellor of the University of Houston (UH) System and president of UH, vice chair; and Robert L. Caret, president of the University of Massachusetts, secretary. (Source)

About Richard C. Wilson