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Clarkson University Endowment Fund

Name: Clarkson University Investment Office

Assets Under Management: $401.5 Million (Source: Clarkson University on 6/30/2014)

Annual Report: Clarkson University Consolidated Financial Statements June 30, 2014 and 2013 (With Independent Auditors’ Report Thereon)

Portfolio Insights: “Clarkson University (the University) is an independent, co-educational, not-for-profit, nonsectarian institution of higher education located in Potsdam, New York. The University, founded in 1896, operates as an education corporation under the New York State Not-for-Profit Corporation Law under the direction of an independent Board of Trustees.

A majority of endowment assets are pooled on a fair value basis, and the University utilizes a total return approach to investments in the endowment pool. This approach considers income yield (primarily interest and dividends) as well as the net appreciati on (depreciation) in the fair value of pooled investments when determining the spending amount. The unit fair value is used to account for income distributed and pool transactions.” (Source)

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Top Clarkson University Endowment Fund Headlines:

1) Clarkson University is an educational institution that offers undergraduate, graduate, professional, and research programs in the fields of business, social sciences, and science. The schools and colleges of the university include School of Engineering, School of Science, and School of Business. The university also offers professional courses in pre-dentistry, pre-law, pre-medicine, and pre-veterinary studies. Clarkson University was founded in 1896 and is based in Potsdam, New York. The university has endowment assets of $109.3 million. (Source)

2) Oct 26, 2009 – Clarkson University and National Grid today announced the creation of a $350,000 endowment at Clarkson. The National Grid Endowed Fund for Student Research Opportunities in Sustainable Energy will annually fund up to five summer research opportunities for Clarkson Honors Program students studying sustainable energy.

“Clarkson has a rich history of educating engineers for the energy industry and we are proud to be able to support and broaden its resources dedicated to building our industry’s sustainable future,” said Tom King, president of National Grid, U.S. “National Grid’s endowment at Clarkson University is designed to provide educational and career pathways for bright young students and is an investment in the future of sustainable energy and engineering. The endowment supports National Grid’s community involvement goals, which are focused on energy and the environment; education and skills; and community development.” (Source)

3) Clarkson University alumnus Roger H. Dilmore and his wife, Judy M. Dilmore, of Auburn, N.Y., have provided a generous gift to create the Dilmore-Hartwell Family Library Endowment Fund at Clarkson University.

The Dilmores have dedicated the endowment “in loving memory of Roger’s grandparents, Harlow H. and Sara C. Hartwell, and Edward K. and Laura E. Dilmore, and his parents, John E. and Helen H. Dilmore.”

“Judy and I credit our success to the support of a strong family who taught us to live and learn by example, with pride and humility, strength and compassion, honor and patriotism,” said Roger Dilmore.

The Dilmores established the endowment fund to support Clarkson’s Harriett Call Burnap Memorial Library.

“We are grateful for the support of Mr. and Mrs. Dilmore and look forward to utilizing their generosity to enhance the library at Clarkson for years to come,” said Michelle L. Young, director of the Clarkson Libraries. (Source)

4) Clarkson University president Tony Collins will speak at the 2015 Presidential Summit on Climate Leadership in Boston from Oct. 1 to 3. Professor of sustainable environmental systems Susan E. Powers and director of facilities Ian D. Hazen will also take part.

The summit will bring together more than 250 college and university leaders from across the United States to focus on ways to strengthen campus climate action, Clarkson said. Collins’ presentation will cover Clarkson’s efforts toward a green campus.

As examples of this approach, Collins will describe four courses involving campus sustainability design issues, the campus sustainability fund, the development of renewable electricity sources, and socially responsible investments in the university endowment. He also plans to touch on the challenges of obtaining and sharing data across campus to drive the sustainability process, Clarkson said. (Source)

5) National Grid has established an endowment fund at Clarkson University in upstate New York to assist up to eight summer research opportunities each year in the area of sustainable energy. In addition, this funding will support the Clarkson Honors Program which is built upon current and emerging problems in science, technology and society. The honors program offers unique academic opportunities and challenges for Clarkson’s most promising students. (Source)

About Richard C. Wilson