Name: Berklee College of Music
Assets Under Management: $228.3 Million (Source: Berklee College of Music on 5/31/2004)
Portfolio Insights: “Berklee College of Music, Inc. is a nonprofit co-educational institution of higher learning offering a bachelor of music degree as well as a four-year program leading to a professional diploma. Since its founding in 1945, the College has became an international center for education of career musicians , composers, arrangers, music educators, and other professionals in the world of modern music.” (Source)
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Top Berklee College of Music Endowment Fund Headlines:
1) Endowed funds support scholarships, faculty, and programmatic needs in perpetuity. By establishing a new endowed fund, you can permanently sustain Berklee’s mission and honor deserving individuals or organizations. Invested wisely, the endowment is a permanent body of funds that provides an income for particular projects. For donor-created funds, Berklee will use up to 90 percent of the income for your designated project. (Source)
2) Berklee College of Music was founded on the revolutionary principle that the best way to prepare students for careers in music is through the study and practice of contemporary music. For more than half a century, the college has evolved to reflect the state of the art of music and the music business. Berklee serves distance learners worldwide through its award-winning online extension school, Berklee Online. (Source)
3) Berklee College of Music was founded on the revolutionary principle that the best way to prepare students for careers in music was through the study and practice of contemporary music. For more than half a century, the college has evolved constantly to reflect the state of the art of music and the music business. With more than a dozen performance and nonperformance majors, a diverse and talented student body representing over 70 countries, and a music industry “who’s who” of alumni, Berklee is the world’s premier learning lab for the music of today—and tomorrow. As of January 2011, Berklee alumni have won 192 Grammy Awards® and 54 Latin Grammys®.In September 2011, Berklee will begin instruction in its first campus beyond Boston, in Valencia, Spain. (Source)
4) The Berklee College of Music has announced a new slate of online degree programs, including two in music creation, cementing its status as the first accredited non-profit music institution to offer Bachelor degrees on the web. Online students will soon be able to enter programs focusing on Electronic Music Production and Composition for Visual Media, along with a degree for Music Studies.
Berklee Online, which launched in 2003, now offers five different Bachelor of Professional Studies degrees. The new music-creation degrees were chosen to focus on in-demand skills in a quickly evolving music industry, explained Carin Nuernberg, Berklee’s Dean of Continuing Studies. The Boston-based school teamed with Pro Tools maker Avid to create several of the new online production courses. (Source)
5) Oct 31, 2013 – The Berklee College of Music will next year become the first nonprofit institution to offer fully online accredited bachelor’s degree programs in its field. Since the online degree can only replicate so much of going to college in Boston’s Back Bay neighborhood, it comes with an incentive: It costs 60 percent less than a residential degree.
The move is unusual among colleges that offer both online and in-person versions of the same programs — not simply because of the academic discipline, but also because of the substantial online discount.
Berklee’s online degrees are more than a decade in the making. The college began to offer individual noncredit courses about 11 years ago, and later bundled those courses together in certificate programs. (Source)