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Bowdoin College Endowment Fund

Name: Bowdoin College

Assets Under Management: $1.29 Billion (Source: Bowdoin College on 6/30/2013)

Annual Report: Bowdoin College Financial Statements Year ended June 30, 2012

Portfolio Insights: “Bowdoin College is a private co-educational nonsectarian institution located in Brunswick, Maine. Founded in 1794, Bowdoin College was part of the Commonwealth of Massachusetts until Maine achieved statehood in 1820. Accredited by the New England Association of Schools and Colleges, Bowdoin is the oldest college in Maine and has educated many prominent figures including authors Nathaniel Hawthorne and Henry Wadsworth Longfellow; the 14th U.S. President Franklin Pierce; and Civil War General Joshua Lawrence Chamberlain. During the fiscal year ended June 30, 2012, Bowdoin enrolled 1,777 full-time equivalent (FTE) students, not including 113 FTE students who studied off campus.” (Source)

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Top Bowdoin College Endowment Fund Headlines:

1) The Bowdoin College endowment has surpassed the $1 billion mark for the first time in the school’s 219-year history. The endowment, of which approximately 45% is restricted to the support of student financial aid, generated an investment return of 16.0% for the fiscal year that ended June 30, 2013.

The Bowdoin investment return of 16.0% compares with the mean return of 11.6% for college and university endowments as reported by Cambridge Associates, a firm that tracks performance of foundations and endowments nationwide. Bowdoin’s fiscal year return is in the top 5% of peer returns.

“This is a phenomenal accomplishment for our College,” said Bowdoin President Barry Mills. “It is due to the enormous generosity of our alumni, parents, and friends. It is also due to the prudent and brilliant management of our endowment by our senior vice president for investments, Paula Volent, and an investment committee that is thoughtful, nimble, and disciplined.” (Source)

2) In September, Bowdoin College announced that its endowment, of which approximately 45 percent is restricted to the support of student financial aid, generated an investment return of a little more than 19 percent for the fiscal year ending June 30. At that time, the endowment was valued at more than $1.2 billion. “A strong and growing endowment is the single most important factor in our ability to provide access and opportunity through financial aid, and to fund the outstanding academic and residential life programs that set Bowdoin apart,” Mills said in a statement at the time. (Source)

3) The endowment fund at Bowdoin College in Brunswick has topped $1 billion for the first time. College President Barry Mills announced the fund total in the Bowdoin Daily Sun, where he wrote that the college generated an investment return of 16% on its endowment for the fiscal year ending June 30, 2013. That return beat out the mean return for college and university endowments of 11.6%, according to college and university investment tracker Cambridge Associates. (Source)

4) The Bowdoin College endowment, of which approximately 45% is restricted to the support of student financial aid, generated an investment return of 19.2% for the fiscal year that ended June 30, 2014. The Bowdoin investment return of 19.2% compares with the mean return of 16.2% for college and university endowments as reported by Cambridge Associates, a firm that tracks performance of foundations and endowments nationwide. Bowdoin’s fiscal year return is in the top 5% of peer returns. (Source)

5) Bowdoin College has formalized its commitment to sustainability through its master plan, environmental mission statement, and a climate action plan released in 2010. Three sustainability committees on campus have addressed such issues as transportation, food, and waste reduction. The college employs a full-time sustainability coordinator and requires the purchase of efficient and/or environmentally preferable appliances, cleaning products, computers, electronics, and lighting. (Source)

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