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College of Wooster Endowment Fund

Name: The College of Wooster

Assets Under Management: $498.6 Million (Source: College of Wooster on 6/30/2014)

Annual Report: The College of Wooster Consolidated Financial Report June 30, 2014

Portfolio Insights: “The College of Wooster (the College) is a private, not-for-profit institution of higher education located in Wooster, Ohio. The College provides educational services at the undergraduate level. The consolidated financial statements include the College and its two wholly owned subsidiaries, The Wooster Inn Management Company, Ltd. and The Wooster Technology Group, Ltd.

Investments are recorded at estimated fair value. In the case of certain less marketable investments, principally real estate and private equity funds, value is established based on either external events which substantiate a change in fair value or a reasonable methodology that exists to capture and quantify changes in fair value.” (Source)

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Top College of Wooster Endowment Fund Headlines:

1) May 10, 2006 – The College of Wooster is a small, liberal arts college in Ohio whose graduates have historically gravitated toward careers as Presbyterian ministers, music teachers or college professors, not traditionally high-paid professions.

Yet its endowment is on a roll. Nearly 80 percent of the endowment’s assets are invested in hedge funds — making Wooster among the endowments with the largest exposure to hedge funds, according to the National Association of College and University Business Officers. Still, that strategy has brought it rich rewards: Its endowment has climbed to $250 million today, from $89 million in 1990.

“A bigger endowment allows us to go out and be more competitive with faculty salaries,” said Stewart R. Massey, a trustee of the college who has served as chairman of the investment committee for about 14 years. “It allows us to increase financial aid. It allows us to attract better students,” he said, speaking on Monday after the MarHedge 12th Annual Mid-Year Institutional Investment Conference in San Francisco, a gathering of institutional investors and hedge fund managers. (Source)

2) Students in The College of Wooster’s health communication class are collecting money and supplies to make first-aid kits for people in Honduras. Cash donation bins are set up on campus in the C-Store (Lowry Center) and Old Main Café (Kauke Hall). The bins will be out 8 a.m.-5 p.m. every weekday through Feb. 27. In addition, there are supply donation bins in Andrews library, where Band-Aids, alcohol wipes, antiseptic wound cleaner and small rolls of medical tape can be dropped off. (Source)

3) College of Wooster is a private institution that was founded in 1866. It has a total undergraduate enrollment of 2,116, its setting is suburban, and the campus size is 240 acres. It utilizes a semester-based academic calendar. College of Wooster’s ranking in the 2015 edition of Best Colleges is National Liberal Arts Colleges, 69. Its tuition and fees are $43,350 (2014-15).

The College of Wooster is the nation’s premier liberal arts college for undergraduate research. Wooster offers an excellent, comprehensive liberal education, culminating in a rigorous, in-depth project of inquiry or creative expression. By working in partnership with a faculty member to conceive, organize and complete a significant project on a topic of the student’s own choosing, every Wooster student develops abilities valued by employers and graduate schools alike: initiative, self-confidence, independent judgment, creative problem solving, and strong written and oral communication skills. (Source)

4) The College of Wooster’s endowment is a permanent, self-sustaining asset that helps provide for all aspects of Wooster’s mission. Individual endowed funds are established by alumni and friends each year to support the purpose of their choosing. Gifts to the endowment can create a named fund, be added to an existing fund, or be unrestricted.

A gift to Wooster’s endowment is an investment in its future. With this gift, you create a permanent legacy of support for the College and for generations of Wooster students. (Source)

5) Since taking office in 2007, President Grant Cornwell and his administrative team have worked tirelessly to move The College of Wooster forward, with notable success.

This year, the College received more than 5,500 applications for admission, setting a new record for the third year in a row. In fact, the past six years have been the best six years for applications in Wooster’s history. As more prospective students and their families discover Wooster, the College has increased its selectivity and strengthened its academic profile while enrolling a culturally and economically diverse student body. Almost two-thirds of this year’s entering class were ranked in the top 20 percent of their high school class and almost one in five were eligible for Pell grants, the primary federal financial aid program for low-income students. In each of the past four years, U.S. multiethnic and international students together have comprised approximately a quarter of the entering class. (Source)

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