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Drury University Endowment Fund

Name: Drury University

Assets Under Management: $82.1 Million (Source: Drury University on 5/31/2010)

Annual Report: Drury University Financial Statements with Independent Auditor’s Report Year Ended May 31, 2010

Portfolio Insights: “Drury University (the University), located in Springfield, Missouri, is a private liberal arts university whose purpose is to train men and women for careers in architecture, business, education, and the arts and sciences.

The University maintains endowment funds which are primarily held and managed by outside money managers and are invested to produce income and growth. Income from the endowments is used, pursuant to direction of the donors and Board of Trustees, to provide additional unrestricted resources to the University or to support donor specific activities.” (Source)

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Top Drury University Endowment Fund Headlines:

1) Drury University’s most famous alumnus is coming back to Springfield again to make another big donation to the school. Bob Barker will be at the University today, Thursday, May 9,  to donate several of his awards, earned during his 50 years in broadcasting. The private event will be held at the Shewmaker Center. Drury says one of the awards being given to the school is “his most meaningful and prized award,” although it was not identified. Barker graduated from Drury with a degree in economics. More recently he returned to the campus in 2007 to receive an honorary Doctor of Human Letters. (Source)

2) Bob Barker was in town this morning to make an announcement at Drury University. KSMU’s Shane Franklin was there and has this story.

“That is the award I received, I know it looks just like a blob of silver, but that is the reward I received when I was installed in the Television Hall of Fame,” said Barker.

This morning, Bob Barker returned to Drury University to donate several of his most prized awards he’s received throughout his lifetime in entertainment.  Those include an Emmy and his award for being inducted into the Television Hall of Fame in 2004.

Barker graduated from Drury in 1947 with an economics degree.  This is not the first time he’s returned to Drury though. In 2007, Barker was awarded an honorary Doctorate degree from the university. In 2008, Barker came to Springfield to donate $1 million to Drury to establish the Bob Barker Endowment Fund for the Study of Animal Rights. (Source)

3) On Wednesday, Oct. 31, 2012, Drury University officially announced that Dr. David Manuel was selected to lead the university as its 17th president. The selection was the result of a year-long search process. Most recently, Dr. Manuel served as Chancellor and Professor of Economics at Louisiana State University Alexandria.

A native of Louisiana, David P. Manuel earned degrees in economics from Nicholls State University and a M.A. and Ph.D. from University of Mississippi; for thirty-seven years has served in several positions in higher education. He served for eight years (2000-2008) as Vice President for Academic Affairs at St. Mary’s University of San Antonio, TX and ten years before that, served as dean of the Bill Greehey School of Business. (Source)

4) With a $20,000 grant from the Community Foundation of the Ozarks, Drury University will establish Ozarks Carbon Exchange Fund. This locally operated fund will allow individuals or businesses to give a donation to offset some or all of the carbon dioxide that they produce.

Those funds are then used to promote local activities that reduce carbon pollution such as energy efficiency projects or reforestation.

Drury Universitys Students in Free Enterprise (SIFE) team will administer the Ozarks Carbon Exchange Fund by accepting donations and then giving money to individuals or businesses that are investing in carbon offsetting projects. (Source)

5) Drury University hired Calamos Asset Management and Froley Revy Investment each to manage $4.3 million in convertible securities for the $85 million endowment fund, said Richard Dodson, director-financial services. The allocation marks the endowment’s first specific allocation to convertibles. The move was made for diversification, he said. Funding came from a reallocation among existing managers. Prime Buchholz & Associates assisted. (Source)

About Richard C. Wilson