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Franklin & Marshall College Endowment Fund

Name: Franklin & Marshall College Investment Office

Assets Under Management: $676.4 Billion (Source: Franklin & Marshall College on 6/30/2014)

Annual Report: Franklin & Marshall College Consolidated Financial Statements June 30, 2014 and 2013

Portfolio Insights: “Franklin & Marshall College (the “College”) in Lancaster, Pennsylvania, is a private, four-year residential college dedicated to excellence in undergraduate liberal arts education. The College’s consolidated financial statements include Advanced Studies in England Ltd. (“ASE”), a wholly owned subsidiary in Bath, England, which conducts study abroad programs. ASE’s financial statements are based on the twelve month fiscal year ending May 31.

The College reports gifts of cash and other assets as restricted support if they are received with donor stipulations that limit the use of the donated assets. When a stipulated time restriction expires or purpose restriction is fulfilled, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the consolidated statement of activities as net assets released from restrictions.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top Franklin & Marshall College Endowment Fund Headlines:

1) The Investment Office manages investments of over $600 million for the endowment, treasury and retirement plan. The mission of the Investment Office at Franklin & Marshall is to invest the endowment to maximize the annual draw available to support the academic goals of the College, while ensuring that tomorrow’s students receive the same benefit from the endowment as today’s.  The Investment Committee of the Board of Trustees sets the policies, including the strategic asset allocation, spending, socially responsible investing and liquidity.  The Investment Office constructs the portfolio, selects and monitors asset managers and ensures the endowment integrates into the broader financial goals of the College.

The Investment Office is also responsible for selecting annuity funds and mutual funds for the College’s retirement 403(b) plan (Retirement Savings Plan) while Human Resources handles the administration of the plan. (Source)

2) Sep 12, 2012 – Franklin & Marshall College is seeking qualified candidates with excellent organization skills and communication abilities to provide effective administrative support to the Vice Provost. Responsibilities include coordinating day-to-day office operations, keeping records of financial information, generating reports, providing administrative support for institutional research, coordinating a variety of issues with facilities planning, and coordinating the annual budget and personnel evaluation process.

This position requires high-level proficiency with quantitative work, especially financial information, and the ability to work with confidential information. The successful candidate will be able to collaborate effectively with multiple offices and departments, across all position levels, and provide support to professionals of varying levels of expertise. (Source)

3) Since its inception in 1998, Elizabeth M. Dunlap has served as the staff advisor to the Student Managed Investment Portfolio. The “SMIP” provides students a dynamic investing experience by allowing students to manage a portion of the College’s endowment.  With seed capital from donors, the students analyze companies, select stocks, manage risk and communicate their philosophies and results to stakeholders.  The for-credit course is taught by Assistant Professor Seth Kopchak. (Source)

4) Franklin & Marshall College recently was awarded a $1 million grant from The Donald B. and Dorothy L. Stabler Foundation. The grant will help to establish a scholarship fund to provide need-based financial aid. The first recipients of the scholarship will enter F&M this fall. Stabler Scholars will be chosen from among students who apply to and are accepted by the college. They will continue to receive student aid for the duration of their enrollment at F&M, as long as they demonstrate financial need. (Source)

5) Franklin & Marshall College of Lancaster, PA, awarded an Honorary Doctor of Science Degree on May 10 to Dr. Caswell Evans, Associate Dean for Prevention and Public Health Sciences, University of Illinois at Chicago College of Dentistry.

Dr. Evans earned his BA in English from Franklin & Marshall in 1965. Dr. Daniel R. Porterfield, President of Franklin & Marshall, told Dr. Evans that the institution wanted “to honor you for your work as a strong and effective advocate for health promotion and disease prevention and your deep commitment to health equity and eliminating health disparities.” (Source)

About Richard C. Wilson