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Georgetown University Endowment Fund

Name: Georgetown University

Assets Under Management: $1.3 Billion (Source: Georgetown University on 6/30/2013)

Annual Report:  Georgetown University’s Annual Financial Report 2012 – 2013

Portfolio Insights: “In fiscal year 2013, GUMC saw an increase in revenue of $21.0 million, ending fiscal year 2013 with a $24.9 million deficit, slightly smaller than the 2012 deficit. The deficit can be viewed as an investment by the university in the research of the faculty, supplementing and leveraging the $123.3 million in external research funding that GUMC received in fiscal year 2013.

During fiscal year 2013 tuition revenue was strong at GUMC, primarily due to enrollment increases in the School of Nursing & Health Studies’ online nursing masters programs. In addition, GUMC received a revenue sharing payment of $12.8 million from MedStar. While we can expect additional revenue-sharing payments in fiscal year 2014, the loss of funding from the effects of sequestration earlier this year is providing challenges for the current fiscal year, which are being addressed by an action plan to reduce costs.” (Source)

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Top Georgetown University Endowment Fund Headlines:

1) Georgetown University has the most undergraduate alumni in the country working in investment banking, a LinkedIn study reports. The university also takes the number three spot for most undergraduate alumni working in finance. The survey results came from people with LinkedIn accounts that listed their work and education history. Vettery, a Wall Street recruiting platform, has a database on finance professionals. It reports that Georgetown University is number three for undergraduate alumni in the investment bank analyst class. (Source)

2) A recent report from Georgetown University’s Center on Education and the Workforce found that a graduate degree can boost an individual’s earning power by more than 40 percent in some fields — but the true value can vary wildly from industry to industry. In disciplines such as medicine, for instance, an advanced degree can provide a 190 percent salary increase over a pre-med-focused bachelor’s degree, according to the Georgetown study. For other programs, the return on investment isn’t as certain: In some cases, available job opportunities are scarce or low-paying, or employers may value relevant work experience more than another diploma. (Source)

3) In November 2004, J. Michael Goodwin directed the largest and most successful campaign in Georgetown University’s history, the $1 billion Third Century Campaign, as vice president of alumni and university relations. He previously held leadership positions, including serving as the gift planning director, at Washington State University, where he directed its first comprehensive campaign that raised $275 million in six years. (Source)

4) Georgetown University has appointed Michael Barry as CIO, Pensions & Investments reports. Barry, who will be responsible for overseeing the university’s $1 billion endowment fund, will join in June 2011.
He will succeed Larry Kochard, who left to become CEO of University of Virginia Investment Management, which manages the university’s $4.6 billion endowment assets. Previously, Barry was CIO of the $950 million University System of Maryland, which manages investment of endowment and operating funds for 11 member universities and eight non-profit institutions in the state. (Source)

5) Douglas and Sandra Bergeron Fund Endowment at Georgetown University Medical Center. George Bergeron Endowed Professorship in Neuroscience Honors Doug’s Father, Who Lived with Multiple Sclerosis and Served as MS Chapter Chair. Douglas and Sandra Bergeron today announced they have gifted $1.25 million to the Georgetown University Medical Center (GMUC) to support cutting-edge biomedical research in the neurosciences and celebrate George Bergeron, who lived with multiple sclerosis for over 30 years.

A $1.25 million gift to Georgetown University Medical Center in George Bergeron’s memory by his son, Doug, and daughter-in-law, Sandra, will launch the Center for Brain Plasticity and Repair and fund the George Bergeron Endowed Professorship. As the former chair of the Windsor-Essex Multiple Sclerosis Society in Windsor, Ontario, George Bergeron was a force in terms of fundraising, bringing focus to the illness, and mentoring newly diagnosed MS patients. (Photo: Business Wire)

The gift in George Bergeron’s memory by his son, Doug, and daughter-in-law, Sandra, will launch the Center for Brain Plasticity and Repair and fund the George Bergeron Endowed Professorship to support an exceptional scientist in the battle against neurological diseases and disorders. (Source)

About Richard C. Wilson