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Creighton University Endowment Fund

Name: Creighton University Business Office

Assets Under Management: $648.6 Million (Source: Creighton University on 8/6/2014)

Annual Report: Creighton University Consolidated Financial Statements June 30, 2013 and 2012

Portfolio Insights: “Creighton University (Creighton or the University) is a private, Catholic, Jesuit, comprehensive university located in Omaha, Nebraska. Creighton offers degree programs through three colleges, five professional schools, a graduate school, and summer sessions. Creighton’s students come from nearly every state in the country, as well as from numerous foreign countries, with the majority of students coming from the Midwestern region of the United States.

Sources of operating revenues to Creighton predominantly consist of student tuition and fees and charges for healthcare services, and also include grants and contracts, contributions, investment earnings, auxiliary services, and others. No single source represents a majority of total operating revenues.” (Source)

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Top Creighton University Endowment Fund Headlines:

1) Creighton University was the first free Catholic college founded in the United States. Edward Creighton, after whom it was named, had proposed during his life to establish a free school for higher education, but he died intestate, before making provision for carrying out his project. His wife, Mary Lucretia Creighton, inheriting his fortune, determined to carry out his intention. She died January 23, 1876, but her will made a bequest, which in the settlement of the estate amounted to about $200,000, one-fourth of which was devoted to the grounds and building, the balance being reserved for foundation. In accordance with the terms of this will, the executors, July 1, 1878, conveyed the entire property and securities in trust to the Rt. Rev. James O’Connor, Bishop of Omaha. (Source)

2) Creighton University is an educational institution that offers undergraduate and graduate programs in the fields of business, social sciences, law, and medicine. The schools and colleges of the university include College of Business Administration, College of Arts and Sciences, School of Nursing, Graduate School, School of Dentistry, School of Law, School of Pharmacy and Health Professions, and School of Medicine. Creighton University was established in 1878 and is based in Omaha, Nebraska. (Source)

3) Sep 11, 2010 – The Creighton University Board of Directors has elected the Rev. Timothy R. Lannon, S.J., as the University’s 24th president. Fr. Lannon, currently president of Saint Joseph’s University in Philadelphia, will assume his new position at Creighton on July 1, 2011, succeeding the Rev. John P. Schlegel, S. J., who will step down after a highly successful presidency spanning 11 years.

“The members of the Board of Directors are delighted that Fr. Lannon, a 1973 Creighton graduate, has accepted our invitation to bring his considerable talents home to his alma mater,” said Creighton University Board of Directors Chair William Fitzgerald. “We were looking for a leader with a passion for education, who also can advance the University within the framework of the current mission and values—and we found him in the person of Fr. Lannon.” (Source)

4) Dec 20, 2004 – Creighton University is doing the right things to enhance its national reputation, and a $50 million donation will help, higher education leaders say.

“A $50 million gift will certainly contribute to the buzz,” said John Lippincott, president of the Council for Advancement and Support of Education in Washington, D.C. “It causes people to take notice of the university.” (Source)

5) Creighton University, Omaha, Neb., hired hedge fund of funds managers Blackstone and Quellos to manage a total of $5 million for the school’s $190 million endowment, said Leroy Galles, associate vice president for finance. Funding came from reducing the fixed-income allocation, Mr. Galles said; he would not specify which portfolios were affected.

The endowment’s asset allocation is 70% equities; 28% fixed income and 2% alternatives. Fund Evaluation Group assisted. (Source)

About Richard C. Wilson