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Franklin College Endowment Fund

Name: Franklin College

Assets Under Management: $141.3 Million (Source: Franklin College on 6/30/2013)

Annual Report: Franklin College Annual Report 2012–13

Portfolio Insights: “The Franklin College Endowment is invested according to the policy adopted by the board of trustees. An investment committee directs and reviews the endowment fund policies and performance.

The market value of the endowment investments totals $81,580,608, as of June 30, 2013. The majority of the funds are maintained in the endowment pool; others are invested individually due to donor restrictions. Fourteen investment firms are retained to manage the endowment pool funds.” (Source)

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Top Franklin College Endowment Fund Headlines:

1) Franklin College is in receipt of a $4.2 million bequest following settlement of the Effie Joan Behrens estate. Effie, a longtime resident of Indianapolis and a Fort Wayne native, died Dec. 11, 2010. She had been a Franklin College trustee since 1991, actively engaged in the campus community and dedicated to enriching religious life resources, supporting campus beautification and funding student scholarships.

In accordance with Effie’s wishes, 75 percent of her bequest was allocated to the college endowment for student scholarships and church relations. The Franklin College Board of Trustees followed institutional policy and directed the remaining 25 percent of unrestricted funds to the college’s most urgent need, The Future Unfolds capital campaign. The board’s additional actions included naming the new college softball facility Behrens Field and adding landscaping to the new Grizzly Park athletics complex; both were campaign goals. (Source)

2) May 15, 2014 – Dr. James G. Moseley, the 15th president of Franklin College, announced today that he will retire at the end of the next academic year, June 30, 2015.  “When Candace and I came to Franklin College in 2002, we hoped that things would go so well that I would be here as president for 10 years, at which point we would retire.  We are now completing year 12 and looking forward to number 13.  Both personally and professionally, Franklin College has exceeded every expectation we had.  We feel privileged and grateful for these years and for what has truly been the capstone of my career.”

“Under the president’s leadership, Franklin College has realized growth and enrichment, providing an excellent platform for continued success,” said Christine Fields, chair of the board of trustees.  “Enrollment has grown and stabilized with 1,000 students on campus, budgets are balanced, the endowment has recovered from the recession, and interest from prospective students is particularly strong.” (Source)

3) Franklin College has made a promise to its students and to the community to provide an atmosphere for learning, enrichment and personal growth. With each day, Franklin strives to live up to the challenge of that promise. Today’s Franklin College is a nationally-recognized institution which provides students with a quality liberal arts education. In addition, Franklin encourages students to broaden their horizons and challenge their own self-imposed limits through a pair of innovative programs: the Franklin College Leadership Program and the Professional Development Program. The Franklin College Leadership Program is working to teach students methods for improved leadership by encouraging professors to introduce leadership education across the curriculum. A number of lecture-based courses have been altered to emphasize working in small groups. As a result, there has been increased participati on by all students. In addition, individuals are now recognizing and assuming leadership roles. The classroom projects have been supplemented with annual lectures and films addressing leadership. (Source)

4) Franklin College, Franklin, Ind., committed $1.2 million to the Aurora Hedge Fund, said Larry Griffith, vice president for business and finance. The $65 million endowment made the move for diversification. Funding came from rebalancing, he said. The fund’s asset allocation is 72% equity, 26% fixed income and 2% alternatives. Oxford Group assisted. (Source)

5) As a result of a generous grant of $998,395 from Lilly Endowment Inc., Franklin College will begin a new program to prepare students for careers in health care professions. The grant comes as part of the Endowment’s Initiative to Promote Opportunities Through Educational Collaborations.

The Professional Development Program for Health Professions will build on the College’s strengths in pre-health science studies with a new Master’s degree program in Physician Assistant Studies (PAS). Combined with the Master’s degree program in Athletic Training envisioned in the College’s recently adopted strategic plan, the PAS program will be one of two master’s level offerings at the College. Both programs will extend Franklin College’s core academic strengths through extensive collaboration with key partners while helping Hoosiers live healthier, more active, longer lives. (Source)

About Richard C. Wilson