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Beloit College Endowment Fund

Name: Beloit College

Assets Under Management: $237.5 Million (Source: Beloit College on 5/31/2014)

Annual Report: Beloit College Financial Statements Including Independent Auditors’ Report As of and for the Years Ended May 31, 2014 and 2013

Portfolio Insights: “Beloit College (the “College”), is a four-year, independent, residential liberal arts college in Beloit, Wisconsin, founded in 1846 by a group of Yale graduates. The College is a member of the Associated Colleges of the Midwest (ACM).

The College’s endowment includes more than 500 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as quasi endowments. As required by GAAP, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

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Top Beloit College Endowment Fund Headlines:

1) The board of trustees and friends of Beloit College have raised $150,000 for the school’s endowment fund, thus securing a gift from Dr. D.K. Pearsons that is valued at $250,000; no such accomplishment has been made by any school in the country and it is a source of great gratification in Beloit to see the hopes of the past few months realized…. Announcement that the fund raising effort was successful was made as the college graduated its largest class, almost 50 seniors in ceremonies in the First Congregational Church. (Source)

2) Beloit College engages the intelligence, imagination, and curiosity of its students, empowering them to lead fulfilling lives marked by high achievement, personal responsibility, and public contribution in a diverse society. Our emphasis on international and interdisciplinary perspectives, the integration of knowledge with experience, and close collaboration among peers, professors, and staff equips our students to approach the complex problems of the world ethically and thoughtfully. (Source)

3) Everything we do at Beloit College begins with students. Our mission statement, in this way, sets the tone. Everyone from our coaches to our faculty members, from the Board of Trustees to our admissions staff, is focused on supporting and enriching the student experience at Beloit College.

This singular focus, however, doesn’t translate to a cushy environment. That’s not Beloit. Ours is a community where challenges are confronted and risk taking rewarded; where close observation trumps 30,000-foot speculation. Where hands get dirty and boots too. Where information is passed along and processed, sifted and tested—and then, always, applied. This is more unique than you might think. (Source)

4) Beloit College has created a memorial fund for graduate Luke Somers, a photojournalist who was killed in Yemen during a U.S. rescue attempt against his captors.

The Milwaukee Journal Sentinel reports (http://bit.ly/1IIsaG0 ) the college said Thursday the Luke Somers Memorial Fund will honor Somers and his work. The fund will provide financial assistance to students pursuing study abroad opportunities, especially students studying people and cultures of the Middle East.

Somers, 33, was a member of the graduating class of 2008 and earned a bachelor’s degree in creative writing. He was working as a freelance photojournalist in Yemen when he was captured by an affiliate group from al-Qaida in September 2013. (Source)

5) The Beloit College community is diverse and noted for its passionate engagement with ideas and the world. Its 1250 students are from nearly every state, the District of Columbia, and 40 nations. Twenty-seven percent of its students are domestic minorities or students from countries other than the United States. No more than ten percent of a graduating class is represented in any one of Beloit’s majors.

97% of Beloit’s 105 full-time faculty members hold a Ph.D. or the highest degree in their field. Teaching is the faculty’s highest priority but all professors are active scholars and artists. Many are leaders in educational reform. Professors serve as mentors, guides, and partners on research projects and academic work. A strong tradition of student-teacher collaboration contributes to the college’s lively intellectual community. (Source)

About Richard C. Wilson