Name: DePaul University’s Vincentian Endowment Fund
Assets Under Management: $515 Million (Source: DePaul University on 6/30/2014)
Annual Report: Vincentian Endowment Fund Grant
Portfolio Insights: “This endowment fund was established in 1992 by a gift from the Vincentian Fathers and Brothers who sponsor the University. Through this gift, the Vincentian Community wished to communicate several of its fundamental convictions. First, it is impossible to view the Vincentian identity of the university independently from its Catholic identity. Second, consonant with its Catholic and Vincentian values, DePaul has developed its sense of being an urban university with a deep educational involvement in the life of the city, the nation, and the world. The university’s Catholic and Vincentian values also have contributed to many of the most notable aspects of the university’s institutional culture, such as its commitment to access and attainment, academic entrepreneurship, personalism and diversity. Third, in order for these values to continue to inform the life of the university, the university community must participate in an ongoing study, dialogue, and praxis concerning these values and this identity.” (Source)
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Top DePaul University Endowment Fund Headlines:
1) DePaul is the eleventh-largest private, not-for-profit university in the nation. It is the largest private, not-for-profit college in the Midwest, where the university and its students have been immersed in the cultural, civic and professional experiences of Chicago for more than 100 years.
DePaul was founded in 1898 by the Congregation of the Mission (or Vincentian) religious community, which follows the teachings of 17th-century French priest St. Vincent de Paul. The university’s mission emphasizes academic excellence, community service, access to education and respect for the individual. (Source)
2) DePaul University has no known policy relating to campus-wide sustainability initiatives. The university has not made public any steps taken to address energy efficiency or conservation possibilities, and has not made progress toward the use of renewable energy. (Source)
3) DePaul University has grown in size and stature in the last decade. Chicago’s “little school under the El,” as DePaul was once known, is now the nation’s largest Catholic university and the largest private, nonprofit university in the Midwest. We have established 55 new academic programs, created three new schools or colleges, increased enrollment by 4,000, built or purchased a building every year, opened an additional campus, shifted nearly 10 percent of our enrollment online, and grown our endowment from $190 million to $450 million. Along the way, DePaul’s board has played an active role in aiding the university’s growth and academic rise. (Source)
4) Feb 15, 2012 – DePaul University is receiving its biggest gift ever from a South Side native. Richard Driehaus, chairman of Driehaus Capital Management LLC, is giving his alma mater $30 million to better the university’s business college, the Chicago Tribune reports.
The Catholic school will use the interest from the money to recruit and retain faculty at its College of Commerce, which will be renamed to the Richard H. Driehaus College of Business, and the Charles H. Kellstadt Graduate School of Business.
Rev. Dennis Holtschneider, DePaul’s president, approached Driehaus to make a big donation to the business school last June. Holtschneider definitely got Driehaus’ attention. In the next 10 years, 48 of the college’s 162 faculty members will retire amid a national shortage to replace them. (Source)
5) Dec 5, 2006 – The Keeley Family Foundation – founded by John L. Keeley, Jr., president and chief investment officer of Chicago-based Keeley Asset Management Corp. (KAMCO), and his wife, Barbara – has donated $2 million dollars to DePaul University’s College of Commerce.
The gift will establish the Christopher L. Keeley Endowed Chair in Investment Management, named in memory of the Keeleys’ youngest son, a DePaul alumnus and KAMCO officer who died suddenly of a pulmonary embolism at age 29 in 2002.
The Keeley Chair will be housed within the Center for Financial Services, a new DePaul academic center with a mission to help students bridge the theoretical and practical dimensions of the finance field. DePaul’s finance department, under the direction of Ali Fatemi, has launched a search to hire a prominent finance scholar to fill the endowed chair position. (Source)