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Gustavus Adolphus College Endowment Fund

Name: Gustavus Adolphus College

Assets Under Management: $335 Million (Source: Gustavus Adolphus College on 5/31/2014)

Annual Report: Gustavus Adolphus College Saint Peter, Minnesota Financial Statements Including Independent Auditors’ Report As of and for the Years Ended May 31, 2014 and 2013

Portfolio Insights: “Gustavus Adolphus College (the “College”) is an institution of higher education affiliated with the Evangelical Lutheran Church in America. The accounting policies of the College reflect practices common to universities and colleges and conform to accounting principles generally accepted in the United States of America.

The College’s alternative investments are intended to reduce the volatility of the endowment fund and provide a complementary source of return and diversification to traditional investments. Alternative investments include hedge fund, private equity, real estate, and natural resource strategies accessed through a diversified fund-of- funds approach. Investments are broadly diversified by manager, strategy, geography, sector, and company/issue. (Source)

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Top Gustavus Adolphus College Endowment Fund Headlines:

1) Gustavus Adolphus College is a highly selective, private, coeducational, residential liberal arts college affiliated with the Evangelical Lutheran Church in America (ELCA). Founded in 1862, it has valued its Lutheran and Swedish heritages throughout its history. The college is guided by five core values: community, excellence, faith, justice, and service. (Source)

2) On Tuesday, July 1, Rebecca M. Bergman officially began her duties as the 17th President of Gustavus Adolphus College. The College’s Board of Trustees announced in late February that Bergman would replace Jack Ohle, who retired after serving as President since July 2008. Bergman is the first woman in the 152-year history of the College to be named president.

Bergman, who served on the College’s Board of Trustees from 2007 to 2014, spent the past 26 years at Medtronic, Inc., including the last 14 years as a senior executive. Her most recent position was Vice President of Research, Technology, and Therapy Delivery Systems for the company’s Cardiac Rhythm Disease Management (CRDM) business, where she led a research and development team of scientists and engineers. She previously served as Vice President, CRDM New Therapies & Diagnostics as well as Vice President, Corporate Science and Technology, where she directed biomaterials and biosciences R&D, new therapy development, and information management initiatives. (Source)

3) A Gustavus Adolphus College alumnus and his wife have donated $1 million for the creation of an endowed scholarship fund intended to attract and retain National Merit Scholars to the college. The fund will officially be known as the Robert A. Peterson Distinguished Student Scholarship Fund in honor of Gustie Bob “Stick” Peterson and his wife, Cindy.

“This is an exciting and important gift to the College for many reasons,” Gustavus President Rebecca M. Bergman said. “This gift not only builds momentum toward our $150 million goal for Campaign Gustavus, but it will also help our admission staff continue to recruit the most intelligent, talented, and motivated students.”

Peterson, known by most of his Gustavus friends and classmates as “Stick” due to his slim build as an 18-year old freshman, graduated from Gustavus in 1974 with degrees in economics and environmental studies. After working for two years in the college’s business office, Peterson went on to earn his MBA in accounting at the University of Southern California. He worked for several years in public accounting, private bank management, and venture capital before entering the transportation industry. (Source)

4) With two Gustie alumni as parents, Jenni Harms ’14 needed no introduction to Gustavus when it came time to make her college choice back in 2010. She had attended the College’s Tennis and Life Camps for seven years and had also attended signature events like Christmas in Christ Chapel since she was a young child.

That familiarity was definitely a factor in Harms’ decision, but it was something else about Gustavus that eventually sold her on the school.

“A major reason why I wanted to go to Gustavus was because of the student to faculty ratio (12:1),” Harms said. “I did not want to be a number at a large university. I wanted to be recognized as a person and have the opportunity to build relationships with my professors.” (Source)

5) Gustavus Adolphus College alumnus and current member of the College’s Board of Trustees, Rev. John Hogenson ’81, has been named the new Senior Pastor at Mount Olivet Lutheran Church in Minneapolis. Hogenson will begin his new duties on August 1, 2014.

While growing up in the St. Anthony Park neighborhood of St. Paul just four blocks from Luther Seminary, Hogenson never envisioned himself going to seminary until his junior year at Gustavus.

“If you had told me when my parents dropped me off for my freshman year at Gustavus that I would be considering going to seminary when I graduated I would not have believed you,” Hogenson said. “Somewhere between my sophomore and junior year of college, Christ became real to me. I believed in Christ and felt that I was also being called to ministry and it wasn’t until I went to Gustavus that I felt God’s tug.” (Source)

About Richard C. Wilson