Name: George Mason University Foundation, Inc.
Assets Under Management: $215.8 Million (Source: George Mason University Foundation, Inc. on 6/30/2013)
Annual Report: Consolidated Financial Statements and Report of Independent Certified Public Accountants George Mason University Foundation, Inc. and Subsidiaries June 30, 2014 with Summarized Comparative Information for June 3 0, 2013
Portfolio Insights: “The George Mason University Foundation, Inc. seeks to promote the advancement of the University as an institution of higher education by developing and applying financial resources to the programs of the University and other such activities as are suited to that end.
The Foundation’s endowment consists of approximately 400 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)
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Top George Mason University Foundation, Inc. Endowment Fund Headlines:
1) David Atkins is writing the latest chapter in his ever-evolving, 25-year relationship with Mason — first as a student, then as an employee for more than 18 years. In 2003, he was one of the founders of the Black Alumni Chapter, and now he can proudly say that he is chairman of the brand-new Black Scholars Endowment.
The scholarship was organized by Mason’s Black Alumni Chapter and will be distributed to the first recipient(s) in 2013.
“A big part of the chapter’s mission is to advocate for black/African heritage students at the university,” says Atkins, BS Decision Science ’90, who is currently the director of contract management and licensing at Mason. “It made sense for us to establish an endowment that would live way past any of us and [fulfill that] mission in a very substantial way.”
In 2010, two successful fund-raising efforts were inaugurated to raise money for the endowment: the Black Greek Challenge and the Alumni Weekend Step Off. (Source)
2) Soza & Company Ltd. of Fairfax is funding a $100,000 scholarship endowment at George Mason University for graduates of the university’s nationally recognized Early Identification Program. The multiyear college preparatory program identifies, counsels and tutors academically talented middle and high school students who may be challenged or adversely affected by their personal circumstances.
“We guarantee admission to George Mason to those who successfully complete EIP; however, many of those individuals cannot afford to come here without scholarship assistance,” notes university President Alan G. Merten. “The SOZA scholarship endowment, and others like it, provides the necessary funds to ensure these students achieve their academic potential and earn a college degree.”
The SOZA endowment is part of the George Mason University Minority Advisory Board Scholarship Endowment. William Soza, chairman and chief executive officer of Soza & Company — an international management consulting and information technology firm — is a George Mason University Foundation trustee and MAB member.
EIP was established in 1987 through a partnership between the university and Fairfax County Public Schools. It has since been expanded to include the Arlington, Falls Church and Prince William County school systems. (Source)
3) There’s no doubting the academic credentials of Angel Cabrera as he takes the helm of Virginia’s largest university, George Mason University, for his first school year. Former dean of the IE Business School in Madrid, ranked one of the top 10 business schools in the world. Former president of the Thunderbird School of Global Management in Arizona, a leading management grad school. Author of a recent book on global leadership, a Fulbright scholar, holder of four degrees.
But, at 45, he also has the energy and youthful outlook of someone who knows how to balance hard work with hard play. He’s a rock and roll fan, he travels a lot, and he’s on Twitter constantly, in English and Spanish, where he’s highly entertaining. And in his first interview since moving to Fairfax, he was still bursting with excitement over having attended the last couple of days of the London Olympics, including the spectacular closing ceremonies. (Source)
4) Cardinal Bank has established a $250,000 endowment at George Mason University that will fund scholarships to selected first-generation college students attending the university. Cardinal’s funding of the scholarship program will provide financial assistance to graduates of the university’s Early Identification Program (EIP), which prepares eighth through 12th graders for college. The first recipients have been selected for the scholarship program. Last year, 107 high school students graduated from the EIP and 90 percent of them enrolled in 27 colleges around the country. George Mason University was the destination of 35 graduates. Since establishing the EIP in 1987, George Mason University has been hosting weekly tutoring and mentoring sessions and a three-week Summer Academic Academy to improve students’ access to higher education and their quality of life. The program identifies seventh graders who show academic promise, motivation, commitment and leadership potential. Currently there are 145 students participating in the 8th grade program and 440 in the high school program. (Source)
5) Dr. S. David Wu became Provost and Executive Vice President of George Mason University on July 1, 2014. As chief academic officer of the university, Dr. Wu is responsible for all aspects of academic administration of the university. He also serves as Professor in the Volgenau School of Engineering.
For almost a decade, Dr. Wu served as Dean of the P.C. Rossin College of Engineering and Applied Science at Lehigh University, where he also held the Lee A. Iacocca endowed chair. While serving as dean, he worked closely on the development and implementation of both college and university strategic plans, as well as developing fundraising and financial planning activities for his college. He spearheaded a focused effort on multidisciplinary academic innovation, which redefines engineering education as a critical component of liberal education for the 21st century. He believes that analytical thinking skills prepare leaders and innovators not only for engineering but a wide variety of opportunities in business, law, medicine, public policy, and design. The college strategic plan sets out to reinvent and reinvigorate long-standing academic strengths to create strategic focus in Health and Healthcare, Energy and Infrastructure, and Computing and Data Analytics. These efforts have led to a period of unprecedented expansion and renewal for the Rossin college, have renewed over 40% of the tenure track faculty, created over a dozen interdisciplinary programs, and substantial new or renovated academic space. (Source)