Name: College of Saint Benedict
Assets Under Management: $179.6 Million (Source: College of Saint Benedict on 6/30/2014)
Portfolio Insights: “College of Saint Benedict (the “College”) is a liberal arts higher education institution. The College, an all-female institution, operates in coordination with St. John’s University, an all-male institution, sharing academic programs, facilities and staff. The College’s endowment consists of 310 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments.
Investments in global equity funds, diversified inflation hedge funds and hedge funds of funds for which quoted prices are not readily available but where the College has the ability to redeem its interest at or near the statement of financial position date.”(Source)
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Top College of Saint Benedict Endowment Fund Headlines:
1) The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime.
Our history is characterized by a fierce belief in the power of liberal education, an engagement with the world around us, responsiveness to the needs of society, an enduring commitment to our Catholic and Benedictine Heritage, and an unwavering focus on women’s development as leaders, professionals, and scholars. We envision our future as grounded in these same commitments, and we embrace the changes and challenges impacting the world with the same courage, strength, and boldness of our foremothers. (Source)
2) Dr. Mary Dana Hinton became the fifteenth president of the College of Saint Benedict in St. Joseph, Minn., on July 1, 2014.
The College of Saint Benedict is a national liberal arts college for women, and one of only three Catholic colleges ranked by U.S. News and World Report as a top 100 liberal arts institutions. The college has a unique partnership with nearby Saint John’s University for men that expands the resources of both institutions, offering more than 60 areas of study and the distinct benefits of two nationally respected Catholic, undergraduate colleges.
The college has achieved national recognition for its strength in international education, with 20 semester-long study abroad sites on six continents, and for the Marie and Robert Jackson Fellows program, offering fellowship support to students in competitive public-service internships. The College of Saint Benedict received the 2012 Senator Paul Simon Award for Comprehensive Internationalization for excellence in internationalization efforts as evidenced in practices, structures, philosophies, and policies. The College of Saint Benedict has also been recognized as a “Best Value” college by Fiske, Barron’s, and Kiplinger’s. (Source)
3) Saint John’s University was recently awarded a $750,000 grant from the Manitou Fund for the Donald McNeely Center for Entrepreneurship of the College of Saint Benedict and Saint John’s University. This is a five-year pledge beginning with the 2013-14 academic year. This commitment will provide the needed support to continue the core operations of the Donald McNeely Center for Entrepreneurship while SJU continues to pursue endowment and annual support to sustain the operations long term.
“This gift from the Manitou Fund is such a wonderful way to honor Donald McNeely,” said Terri Barreiro, director of the McNeely Center. “The gift provides core support for the McNeely Center and enables us to sustain its life-changing programs for students, the ongoing services to entrepreneurial alums and the campus wide engagement strategies that stimulate entrepreneurial approaches to marketplace and social issues in the world around us.”
Since its founding in 2004, the Donald McNeely Center for Entrepreneurship has evolved into a highly successful interdisciplinary program that serves students, faculty and alumni of CSB and SJU. It is touted for its unique emphasis on both business entrepreneurship and social entrepreneurship. (Source)
4) The College of Saint Benedict and Saint John’s University are nationally leading liberal arts colleges whose unique partnership provides students with a highly engaged learning experience, preparing them for leadership in a global society. The student experience is enlivened by our Catholic and Benedictine Tradition and an extraordinary sense of community. (Source)
5) The College of Saint Benedict has received a grant of $1,476,178 from Lilly Endowment Inc., to support a program to help prepare a new generation of women for leadership in church and society. The grant is the largest single foundation gift ever received by the college. Since March 2002, the College of Saint Benedict has received $5.1 million for vocational development and to establish an endowed chair in Catholic Thought and Culture.
Companions on the Journey: Listening for the Voice of Vocation, a program for the theological exploration of vocation, is based on the specific character of the College of Saint Benedict and draws upon the monastic heritage and its emphasis on listening and community. The program will provide opportunities to strengthen vocational awareness among students, faculty, staff and alumnae by adapting the monastic practice of companioning for the laity. In addition, through retreats, discussion groups, opportunities for reflection and other activities, the program will enhance the school’s capacity to draw on the resources of its faculty and staff to help women connect their values with their life choices.
“This is wonderful news,” said CSB President Mary Lyons. “The College of Saint Benedict has a long-standing commitment to educate women for leadership. Our Catholic tradition and Benedictine heritage provide our students with an enriched environment that informs their values and nourishes their spirituality.” (Source)