Name: Capital University
Assets Under Management: $193.7 Million (Source: Capital University on 6/30/2010)
Portfolio Insights: “Capital University (“the University”), a privately endowed educational institution, derives its income from student tuition and fees, investments, gifts and grants, operation of residence and dining halls, and various related activities.
The University’s endowment primarily consists of funds held at Deutsche Bank. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. In addition, the endowment also includes beneficial interests in perpetual trusts.” (Source)
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Top Capital University Endowment Fund Headlines:
1) Denvy A. Bowman, Ph.D., was named the 15th president of Capital University in March 2007 following a 10-month term as interim president. As president, Dr. Bowman has provided strong, collaborative leadership and garnered the trust and respect of students, the faculty, his senior administrative team and the Board of Trustees, infusing transparency into all University operations.
During his tenure, Capital has enjoyed consecutive, multimillion-dollar operating surpluses, record-level giving from an engaged and growing alumni and friend base, historic highs in new and returning student enrollment, and significant reinvestment in improving campus safety and modernizing classrooms, residence halls and technology.
As a result of his emphasis on strategic enrollment management, Capital’s incoming students are more diverse and better prepared academically, and student retention has improved, reversing a multiyear trend of decline. Capital also completed a comprehensive strategic plan, Our Focus, Our Future, spearheaded by Dr. Bowman, charting a new course for a bold and compelling future. (Source)
2) Capital University is a comprehensive, independent university, grounded in the Lutheran tradition. It offers diverse undergraduate and graduate programs in the arts, sciences and professions. It emphasizes excellence in teaching in a personalized, student-centered environment of robust academic challenge. It is committed to using multiple approaches to intellectual development to serve the lifelong learning of a heterogeneous population. It seeks to prepare individuals to live holistic lives of leadership and service. (Source)
3) Dr. Richard M. Ashbrook has been appointed provost and vice president of academic affairs at Capital University. Ashbrook, a professor of psychology, has served since January as acting provost and vice president of academic affairs.
He has been on the faculty of Capital since 1986, serving in a variety of roles, including chair of the behavioral science department and acting dean of adult learning. Ashbrook has been active in faculty governance, serving as a member and past chair of the faculty senate and the faculty evaluation committee.
He holds a bachelor of science degree in behavior sciences from the University of Maryland; master’s and doctoral degrees in clinical psychology from Ohio State University; and a master of fine arts degree in creative writing, also from OSU.
Ashbrook is a member and past chair of the Ohio Psychological Association Ethics Committee, and a past president of the Central Ohio Psychological Association. (Source)
4) Capital University has announced its president’s, provost’s and dean’s lists for spring semester. To be named to the president’s list, students must achieve a grade point average of at least 3.85.
The following area students achieving this honor were Bailey Higgins of Caledonia, Charles Kimerline of Galion and Amanda Rausch of Richwood. To be named to the provost’s list, students must have achieved a grade point average of at least 3.7 during spring semester.
The following area students achieving this honor were Andrew Kimerline of Galion, Emma Kocher of Bucyrus and Daniel Newell of Upper Sandusky. To be named to dean’s list, students must have achieved a grade point average of at least 3.5 during spring semester.
The following area students achieving this honor were Peyton Beachy of Galion, Taylor Conway of Upper Sandusky, Scott Lover of Cardington, Caleb Miller of Mount Gilead, Bailey Schott of Bucyrus and Emily Schaub of Kenton. (Source)
5) The Internal Revenue Service has ruled that Capital University is a tax-exempt educational institution under §501(a) of the Internal Revenue Code as an organization described in §501 (c)(3). Generally accepted accounting principles prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if a tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely being realized on examination. For tax positions not meeting the more-likely than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2010. (Source)