Name: Elizabethtown College – Foundations and Endowments
Assets Under Management: $176.1 Million (Source: Elizabethtown College on 6/30/2014)
Portfolio Insights: “Elizabethtown College (the College), founded in 1899, is a comprehensive residential college located in Pennsylvania’s historic Lancaster County. More than 45 major programs of study in liberal arts, sciences and professional studies are offered to more than 2,000 students. The College records investments at fair value. Equity securities and mutual funds are valued at quoted market prices. Mortgage investments and cash surrender values of life insurance policies, are carried at the stated value which approximates the market value of these assets.
The College’s endowment consists of a portfolio of actively managed funds established to provide both a source of operating funds as well as long-term financial stability. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as quasi-endowments.” (Source)
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Top Elizabethtown College Endowment Fund Headlines:
1) Elizabethtown College’s endowment is the foundation on which our future rests. Financial returns from the endowment provide long-term, sustainable support for the College. So, these returns not only support students enrolled today. They also impact students who will enroll tomorrow and for generations to come.This is why growing the College’s endowment is one of our top priorities.
Investments in the College’s endowment are just that: investments. For the College’s partners, contributing to the endowment is the best way to invest in our future. (Source)
2) Carl J. Strikwerda is the fourteenth president of Elizabethtown College, serving since 2011. Between 2004 and 2011, he served as Dean of the Faculty of Arts and Sciences at the College of William and Mary in Williamsburg, Virginia. Previously, he was Associate Dean of the College of Liberal Arts and Sciences at the University of Kansas He received a B.A. from Calvin College, an M.A. from the University of Chicago, and a Ph.D. from the University of Michigan.
Besides his scholarship in history, he has published a book, Deans and Development: Making the Case for the Liberal Arts.
President Strikwerda has served as an historical consultant to the National World War One Museum in Kansas City, Missouri, and to a number of colleges and universities on higher education administration.. He has given talks to business groups, schools and religious organizations on World War One and the history of globalization. (Source)
3) Susan has been the Provost and Senior Vice President at Elizabethtown College since 2007. She is the Chief Program Officer of the College and reports directly to the President, acting for the President in his absence, and providing appropriate leadership with other administrators. She works closely with the Deans and provides strategic direction and oversight to the College’s academic and student life programs, including those offered through the School for Continuing and Professional Studies. She is responsible for major personnel issues related to the educational programs of the College, including faculty appointments and tenure and promotion reviews. The Provost and Senior Vice President represents the administration on the Executive Council of the Faculty Assembly and represents the College in its relationship with the Brethren Colleges Abroad.
Dr. Traverso is responsible for advising the President on all major matters of resource allocation within the academic and student life areas of the College including construction and other capital projects, space allocation, and distribution of new positions within the faculty. She is the chief planning officer of the College and co-chairs the Strategic Planning Committee. She chairs the Facilities Planning and Construction Committee and the Hiring Review Committee. (Source)
4) At Elizabethtown College in Pennsylvania, the Wunderbot autonomous robot project has been progressing for over five years. From the financial assistance and donations of numerous corporate sponsors, new equipment and software is added to the robot between competitions. Its primary objective is to compete in the IGVC, with the potential of administering future automated tours on the college campus. Wunderbot IV is led by the team of James Painter, David Coleman, and Jeremy Crouse, with support from Chris Yorgey and Daniel Fenton, and advised by Dr. Joseph Wunderlich. The project has become a staple of the school’s Physics and Engineering Department, attracting prospective students and drawing the attention of local industry and media. (Source)
5) As vice president for finance, Richard “Rick” L. Bailey is responsible for the financial management of the College. He is a member of the senior management team. Specific responsibilities include accounting, financial reporting, audit, accounts payable, student accounts, card services, treasury management, endowment, annual budget, planning and risk management. He recommends and facilitates agendas and discussions among Senior Staff, College committees and with Board of Trustee committees for finance, audit and investments. (Source)