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Centre College Endowment Fund

Name: Centre College

Assets Under Management: $377.2 Million (Source: Centre College on 6/30/2013)

Annual Report: Centre College of Kentucky Financial Statements June 30, 2013 and 2012

Portfolio Insights: “Centre College of Kentucky (the “College”) is an independent, selective educational community dedicated solely to liberal studies in the arts and sciences as the means to develop the intellectual, personal, and moral potential of its students. The College is accredited by the Southern Association of Colleges and Schools and is located in Danville, Kentucky.

The financial statements of the College have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.” (Source)

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Top Centre College Endowment Fund Headlines:

1) John A. Roush took office on July 1, 1998, as the 20th president of Centre College. Roush grew up in Ohio and graduated from Kettering Fairmont High School, where he was active in athletics, music, and theater. He earned a bachelor’s degree in English at Ohio University’s Honors College in 1972, graduating summa cum laude. Active in college athletics, Roush was Ohio University’s Scholar Athlete of the Year and was a three-time Academic All-American in football. He completed his formal education at Miami University, earning a master’s degree in 1973 and Ph.D. in 1979. (Source)

2) The Advisory Committee is an ad hoc committee appointed each year by President Roush to advance the College’s pursuit of climate neutrality, coordinate Centre’s participation in the American College and University Presidents Climate Commitment (ACUPCC) and advise the President on matters relating to sustainability and environmental concerns. All meetings are always open to visitors. The committee is appointed annually. (Source)

3) The Colonel Connection, launched in April 2013, is Centre Alumni’s new online business directory.  The directory is a great way to make new business connections, and learn more about alumni businesses in your area.  The Colonel Connection is free to join, and requires a CentreLink login to access.

The Colonel Connection was created to address two initiatives from the Alumni Association Board of Director’s Strategic Plan.  These initiatives stated a need for alumni to “better facilitate the exchange of information regarding graduate and professional schools and careers with alumni” and “creating a more interactive alumni website with relevant content (i.e. job listings)”.  The Colonel Connection allows alumni to opt-in and search by industry, state, or class year. (Source)

4) Centre College is one of the few small colleges in America with an endowment in excess of a million dollars. On June 30, 1940, the endowment of the College was $1,743,195.96.

The first $100,000 was raised in the administration of Dr. John C. Young, and the second $100,000 was raised in the administration of his son, Dr. William C. Young. The greatest campaign for funds was for $600,000 additional endowment, which was completed in 1922 with the inclusion of a gift of $200,000 from the General Education Board (Rockefeller Foundation). In March, 1939, upon the decease of Mr. Guy E. Wiseman, a devoted alumnus and faithful trustee, Centre College was bequeathed an amount exceeding $400,000, of which $178,000 was designated by Mr. Wiseman for the erection of two new buildings, the endowment of the Music Department, and the purchase of a pipe organ. (Source)

5) 30 Jan, 2015 – Centre College has officially launched a $200 million capital campaign in support of student scholarships and financial aid, faculty and academic programs, capital improvement funds, and annual support. The Third Century Campaign, announced publicly for the first time at Centre’s annual Associates Dinner in Louisville on January 30, 2015, aims to prepare the College for a third century of service and will conclude in January 2019 during Centre’s bicentennial.

The Third Century Campaign seeks $130 million in endowed funds for student scholarships and financial aid; $35 million in support of faculty and academic programs; $25 million in support of Centre’s campus; and $10 million in annual fund gifts.

According to Third Century Campaign Chair James C. Seabury, III ’87, of Nashville, Centre raised $116,457,494 million—more than 58 percent of the campaign’s goal—during the campaign’s “quiet phase,” a period of leadership gift solicitation. (Source)

About Richard C. Wilson