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Goucher College Endowment Fund

Name: Goucher College

Assets Under Management: $363.5 Million (Source: Goucher College on 6/30/2013)

Annual Report: Goucher College Financial Statements and Schedule June 30, 2013 and 2012

Portfolio Insights: “Goucher College (Goucher or the College) is a private, nonprofit institution of higher education based in Baltimore, Maryland. The College provides education and training services to approximately 2,300 students, primarily at the undergraduate level. The majority of full-time students live on campus during the academic year. The College is governed by a Board of Trustees (the Board) assembled from a diverse community of volunteers with experience in finance, business management, government, and education.

Contributions received, including unconditional promises to give, are recognized as revenues in the appropriate category of net assets in the period received. Investments are stated at fair value, which is generally determined based on quoted market prices. Investments in common collective trust funds, limited partnership interests, and hedge funds (collectively, alternative investments) are stated at estimated fair value based upon the funds’ net asset value or their equivalents as a practical expedient, unless it is probable that all or a portion of the investment will be sold for an amount different from net asset value.” (Source)

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Top Goucher College Endowment Fund Headlines:

1) At Goucher College in Towson, the endowment swelled 13 percent to $210 million as of Oct. 31, up from $186 million on Oct. 31, 2012. The gains at Goucher and other Baltimore-area colleges and universities reflect what is happening nationally. College and university endowments have produced an average return, excluding investment fees, of 11.7 percent for the 12 months ended June 30, according to a survey released Nov. 6 by the National Association of College and University Business Officers and the Commonfund Institute investments. That compared with an average loss of 0.3 percent for the 12 months ended June 30, 2012.

While Goucher’s endowment grew as a result of some gifts from donors between Oct. 31, 2012 and this October, “the majority [of the increase] is clearly due to market performance,” said W. Tom Phizacklea, Goucher’s vice president of finance.

The $210 million in the fund is near the high of $212 million reached back in Sept. 2007 — before the 2008-2009 financial crisis. Goucher’s endowment dropped to $138 million at the end of March 2009. Phizacklea said. (Source)

2) The Goucher College endowment campaign for the $1,000,000 fund is being pushed vigorously. John T. Stone, one of the Trustees, is financial chairman, and he is assisted by citizens of Baltimore, without regard to religious creed. More than 2,000 letters have been sent out to prospective subscribers, and a seven days’ campaign has begun. (Source)

3) Goucher College is an educational and research institute that provides graduate and under-graduate programs in 18 departments and six interdisciplinary areas. The Center for Graduate and Professional Studies provides instruction in planning management, marketing communications, public relations, historic preservation, fund raising management, and non-profit management. Goucher College was founded in 1885 and is based in Baltimore, Maryland. It has endowment assets worth $162 million. (Source)

4) The provost is the chief academic officer of the college. Among the responsibilities of the provost are the oversight of all academic programs, the hiring and evaluation of faculty, and curricular development. In addition, the Registrar, Office of International Program, the library, and the Welch Center for Graduate and Professional Studies report directly to the provost. The associate dean for undergraduate studies, La Jerne Cornish, coordinates academic advising and related matters and provides oversight for the Academic Center for Excellence. The associate dean for faculty affairs, Janet Shope, is responsible for faculty development and assessment of student learning. Questions pertaining to these and related matters should be directed to the Provost’s Office. (Source)

5) Goucher College is situated in Baltimore. The endowment is supported by individual contributions to the college’s Annual Fund along with deferred gifts, such as charitable annuities. (Source)

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