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DePauw University Endowment Fund

Name: DePauw University

Assets Under Management: $953.7 Million (Source: DePauw University on 6/30/2014)

Annual Report: DePauw University Financial Statements June 30, 2014 and 2013

Portfolio Insights: “DePauw University (University), a privately endowed educational institution,
derives its revenue from student tuition and fees, investments, gifts and grants, operation of auxiliary enterprises and various related activities. The University is a nonprofit organization exempt from the payment of federal income tax under the provisions of Internal Revenue Code Section 501(c)(3) as a corporation organized and operated for educational purposes and has been determined by the Internal Revenue Service not to be a private foundation.

The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the University is subject to federal income tax on any unrelated business taxable income.” (Source)

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Top DePauw University Endowment Fund Headlines:

1) DePauw University and Indiana University’s Kelley School of Business will use a $1 million grant from Lilly Endowment Inc. to launch a new program for DePauw students, “The Liberal Arts in the New Economy.” The collaboration — which launches next fall — will offer DePauw students an opportunity to augment the strengths of their liberal arts coursework with educational programs from the Kelley School, one of the nation’s most respected business schools. The program will include DePauw Winter Term programs offered by the Kelley School, real-world internship experiences and specialized support to help students secure related job opportunities upon graduation from DePauw. (Source)

2) Founded by the Methodist Church, DePauw University is a private, selective, coeducational, residential, undergraduate college of Liberal Arts and School of Music. There are approximately 220 faculty members, and about 2,300 students. For a smaller university, DePauw has a relatively large endowment plan. The endowment plan is funded by alumni and friends of the university and has grown significantly in size over recent years. (Source)

3) DePauw University has announced details of four major gifts totaling $31 million. The money will be used to fund scholarships, a career preparation program, athletic facility improvements and campus restoration projects.

President Brian W. Casey announced today that Timothy H. and Sharon W. Ubben (both ’58) have committed a $20 million gift to the University’s endowment to provide financial aid for DePauw students. The gift was formally accepted by the University’s Board of Trustees, which met over the weekend.

“This gift further establishes the remarkable legacy that Tim and Sharon Ubben will leave on this campus,” said Casey. “Their love for this University is clear and their willingness to support its future is humbling. I cannot fully express the depth of my gratitude for all that they do, and have done, for DePauw.” (Source)

4) DePauw University announced Friday a $300 million fundraising effort aimed in part to improving student access and affordability. To accomplish that, the university said it would invest $100 million in an endowment to boost the amount of need-based scholarships, to make attending the Greencastle campus more affordable for high-achieving students with financial needs.

The total cost of attendance at DePauw this year, including tuition, room and board, and fees, is nearly $54,000, according to the school’s website. Colleges often use capital campaigns to fund construction projects, boost scholarships and support programs.

Hanover College announced last week it raised more than $50 million over four years in its capital campaign. Last year, Indiana University-Purdue University Indianapolis wrapped up a seven-year campaign that exceeded its $1.25 billion goal. The Campaign for DePauw also will focus on building renovations and enhanced career preparation. The private nonprofit university is already two-thirds of the way to its goal, with $200 million pledged in donations since 2012, a news release said. (Source)

5) March 23, 2009, Greencastle, Ind. — DePauw is expanding its relationship with Hammond Associates, a St. Louis-based firm which since 2005 has been consulting the University on a portion of its investment portfolio. Under the terms of the new agreement, DePauw’s chief investment officer, Carla McGuire, will join Hammond Associates and serve as CIO to DePauw and other endowment and foundation clients.

DePauw President Brian W. Casey says that this expanded relationship will support the University’s needs in these extraordinary times. “DePauw has had the benefit of Carla McGuire’s good work for years as we sought to bring our investment profile into a more mature position. Through Carla we have already developed a strong relationship with Hammond. Through this new relationship, Carla and the Board of Trustee’s Investment Committee will have access to much broader and deeper resources, improvements in efficiency, and a reduction in overall costs for DePauw.” (Source)

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