Name: Chatham University
Assets Under Management: $168 Million (Source: Chatham University on 6/30/2011)
Portfolio Insights: “Chatham University (University) is a nonprofit educational institution organized under the laws of Pennsylvania. The University’s endowment consists of various investment funds established primarily for the support of its mission. As required by generally accepted accounting principles, 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 Chatham University Endowment Fund Headlines:
1) Chatham University has a sustainable investment fund that is managed by students who are a part of the Climate Committee. The students can decide based on their knowledge they gained as members of the Climate Committee, which socially and/or environmentally responsible investments Chatham University should make. Originally proposed to Climate Committee in 2011, the fund has been approved and will be accepting proposals for 2013. (Source)
2) Chatham University’s endowment value increased by 29 percent. It grew from $75 million to $97 million, owing in large part to a single $15 million gift from the Falk Foundation. (Source)
3) Chatham University in Pittsburgh has received a $15 million grant from the Falk Foundation to support Chatham’s School of Sustainability & the Environment.
This grant, the largest gift Chatham has ever received in its 144-year history, builds upon the major gifts received to-date for Chatham’s School of Sustainability & the Environment and the new Eden Hall Campus from individuals and foundations including The Eden Hall Foundation, the Richard King Mellon Foundation, the McCune Foundation, Dollar Bank and PNC Charitable Trust among other supporters.
With this transformational capital gift, Chatham University will create the Falk Sustainability Endowment to support academic programs in Chatham’s interdisciplinary School of Sustainability & the Environment and help fund campus construction at Eden Hall Campus.
In honor and recognition of this gift, Chatham’s School of Sustainability & the Environment will also be renamed, the Falk School of Sustainability at Chatham University.
The Falk Foundation’s relationship with Chatham, which extends nearly half of Chatham’s existence, started in 1952 with the funding of Chatham’s Falk Hall, named in honor of Laura Falk, wife of the Falk Foundation’s founder, Maurice Falk (Braun Hall, the building adjacent to Falk Hall, is named in honor of Arthur Braun, an early Falk Foundation director and chair of Chatham’s Board of Trustees). (Source)
4) The Hillman Foundation Inc. has awarded a $2.95 million grant to Chatham College for endowment and operations support of what will become the Pennsylvania Center for Women, Politics, and Public Policy, according to an announcement by Dr. Esther L. Barazzone, Chatham President. As a result, the grant will enable the College to more fully integrate the Center’s current work in fostering the civic involvement of women in the political process into the curriculum. At the same time, the grant will broaden the Center’s mission to affect public policy to improve the status and impact of women in western Pennsylvania and throughout the state.
“Building upon the legacy and excellent work of the Center for Women in Politics in Pennsylvania and our endowed The Elsie Hilliard Hillman Chair in Politics, this grant will enable Chatham College to place the status of women in our region and in our state on the forefront of the public agenda,” Dr. Barazzone said. “The reconceived Pennsylvania Center for Women, Politics, and Public Policy will fill a critical policy gap by collecting and organizing information about women to help formulate public policy recommendations, while continuing to foster the active engagement of women in politics at all levels.” (Source)
5) Esther Barazzone became President of Chatham University in 1992, after a career as a faculty member and administrator at Hamilton and Kirkland Colleges, the University of Pennsylvania, Swarthmore College and Philadelphia University. Dr. Barazzone holds a Ph.D. and M.A. in European Intellectual History from Columbia University, where she was a Fellow of the Faculty. Dr. Barazzone was a Charter Scholar in the first graduating class of New College in Sarasota, Florida, where she earned her B.A. in Philosophy and History. She received a US Student Fulbright award to Spain and studied at the Wharton School of Business Administration and at Harvard University’s Institute for Educational Management.
Dr. Barazzone has led Chatham through a period of major institutional renewal and expansion leading to national recognition and elevation to university status in 2007. Since 1992, the institution has added graduate programs through the doctoral level, reinvigorated its undergraduate program, renewed and expanded its physical campus and infrastructure, engaged in significant fundraising, and assumed a new leadership role in the local and national community. (Source)