Name: Gonzaga University
Assets Under Management: $549.7 Million (Source: Gonzaga University on 5/31/2013)
Annual Report: The Corporation of Gonzaga University May 31, 2013 and 2012
Portfolio Insights: “Gonzaga University (University) is an independent, coeducational higher education institution founded in 1887 by the Society of Jesus. The University was incorporated in the state of Washington in 1894 as a tax‐exempt charitable organization located in Spokane, Washington.
The University manages its investments by using external investment managers. These investment managers invest the University’s funds in various financial instruments in accordance with Board approved investment policies. The University’s investments are recorded in the consolidated financial statements at fair value.” (Source)
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Top Gonzaga University Endowment Fund Headlines:
1) Gonzaga University is a private, four-year comprehensive university founded in 1887 and enrols about 5400 students in 92 undergraduate and 21 graduate programs. Gonzaga’s educational philosophy is based on the 450-year Ignatian model that aims to educate the whole person, mind, body and spirit, an integration of science and art, faith and reason, action and contemplation. (Source)
2) Gonzaga University’s basketball team has netted more than just wins in the past 15 years. The Zags have spawned a transformation of a tiny, struggling college into a national brand and a money magnet.
The Jesuit liberal arts college enrolled 7,605 students this fall, 82 percent more than the 4,185 who attended classes in 1999. Donors have swollen the college’s coffers to $173.3 million, nearly doubling its endowment. The university’s budget has almost tripled.
And generous pledges have enabled Gonzaga to build a $25 million basketball arena, a baseball complex, student apartments, an applied science building and other projects. A $60 million student center is under construction.
“Gonzaga was really suffering (in 1999),” said Don Herak, a trustee emeritus and major donor. “The basketball team was the catalyst for changing Gonzaga.” (Source)
3) The Funds Will Support Gonzaga University’s MBA in American Indian Entrepreneurship.
The Johnson Scholarship Foundation has pledged $1 million to Gonzaga University’s MBA in American Indian Entrepreneurship program to create an endowment for student scholarships in honor of Diane and Ted Johnson. Gonzaga, in partnership with the Foundation, will raise funds to match the gift thereby ultimately creating a $2 million endowment to support the program. The endowment was announced Sept. 21 at a Seattle event marking Diane’s retirement from the Board and honoring the Johnsons’ years of service to the Foundation.
Diane, a former Foundation Vice President and Board member, and Ted Johnson, the former Foundation President, have been instrumental in guiding foundation strategy in support of entrepreneurship and business education within Native American communities. Guided by their vision and with Foundation support, Gonzaga’s School of Business Administration created an MBA in American Indian Entrepreneurship Program (MBA/AIE) in 2001, providing full scholarships for Native American students. There are more than 50 alumni of the program. (Source)
4) Gonzaga University is an educational and research institution. The institution offers the College of Arts and Sciences, the School of Business Administration, the School of Education, the School of Engineering, and the School of Professional Studies. It offers degrees in masters programs, Ph.D., and law. Gonzaga University was founded in 1887 and is based in Spokane, Washington. It has endowment assets worth $86 million. (Source)
5) Feb 19, 2007 – Paccar is donating $2 million to Gonzaga University for the construction of the new Paccar Center for Applied Science.
“Paccar’s leadership in supporting academic excellence, through its generous donation to Gonzaga, will have an immediate, positive impact on the technology capability of the region,” says Gonzaga University President Father Robert Spitzer, S.J. “Our students will be better prepared for today’s fast-paced world and will enhance the future growth of the organizations they join globally.”
During the past three years, Paccar has provided more than $14 million in educational grants and donations. Paccar was honored by the Independent Colleges of Washington (ICW) for being a leading contributor for 50 years. (Source)