Name: Hamline University of Minnesota
Assets Under Management: $233.5 Million (Source: Hamline University of Minnesota on 6/30/2014)
Portfolio Insights: “Hamline University is a nationally ranked university serving 5,000 students in its four schools: the college of liberal arts, Schools of Law, School of Education, and School of Business. It offers undergraduate, doctorate, and professional degrees, as well as certified and continuing studies programs.
The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding while seeking to maintain the purchasing power of endowment assets.” (Source)
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Top Hamline University of Minnesota Endowment Fund Headlines:
1) Hamline University’s president, Linda Hanson, will retire next summer after 10 years on the job, the university announced Monday. Hanson has led the St. Paul-based university through a series of transformations, including the launch of its School of Business and the opening of a second campus, in Minneapolis.
Bob Klas Jr., chairman of the board of trustees, issued a statement calling Hanson an “extraordinary leader for Hamline during a time of great challenge and change in the economy.” Among other things, Hanson led the development of a 20-year master plan for the campus, and has built the university’s endowment to an “all-time high” of $93 million, according to the university. The board plans to launch a national search for her replacement. (Source)
2) Hamline University’s mission statement, values, and vision are not something that exist in words alone. You can find them in the values that guide our education, in the way our community comes together, and in our professors, leaders, staff, alumni, and students’ hearts. They are not static. Rather, they are continually active, guiding us in what we do, whether it is creating new programs, erecting new buildings, or charting a course into our next 150 years. To create a diverse and collaborative community of learners dedicated to the development of students’ knowledge, values and skills for successful lives of leadership, scholarship, and service. (Source)
3) The Indianapolis-based Lilly Endowment has awarded $2 million to Hamline University in St. Paul, Minnesota, to establish a program to help students choose their life’s work based on their ethics and values. The grant — the largest single gift the university has received from a foundation — will fund several projects over the next five years.
The new program, called Theological Exploration of Vocation, is designed to give students and staff opportunities to use theological study to help plan and nurture their careers. The university also said the grant will help connect the Methodist school’s founding values to its current programs. Other projects supported by the grant will include “Conversations on Vocation with Leaders,” a series of roundtable discussions with business, clergy, and education leaders about how to integrate values and ethics in the workplace. (Source)
4) Tony Grundhauser has been named Hamline University’s new vice president for development and alumni relations. Grundhauser comes to Hamline from Macalester College, where he serves as director of individual gifts. He will begin his duties at Hamline on June 29.
As vice president, Grundhauser will provide leadership and management of the university’s development and alumni relations departments and will be responsible for the overall success of the annual fund and capital campaign results. He will be a member of the President’s Staff, serve on the University Leadership Team, and staff the Development Committee of the Board of Trustees.
“I have every confidence Tony Grundhauser’s background and past successes in major gift fundraising will benefit Hamline and extend our relationships with our alumni,” President Linda Hanson said.
“I am thrilled to be joining the leadership team at Hamline at this exciting stage in the university’s history,” Grundhauser said. “I look forward to being a part of a highly dynamic university that values the ongoing personal and professional growth of its students, staff, faculty, and alumni.” (Source)
5) Hamline has raised more than $15 million in gifts toward the project and expects to raise an additional $9 million before the center is completed in August of 2012. The lead gift of $8.3 million came from 1946 Hamline University College of Liberal Arts alumna Carol Anderson and her deceased husband Dennis. The building will be named the Carol Young Anderson and Dennis Anderson University Center, in honor of the couple, Hamline University announced today.
“Through their generous gift, Carol and Dennis Anderson have allowed us to begin realizing the dream for the new University Center,” said Hamline University President Linda Hanson. “We recognize that a modern, attractive, and functional University Center plays a critical role in creating a sense of community, recruiting students, and serving commuting students, many of whom are professional working adults. It will invite living and learning activities with all the amenities of good food, a one-stop shop for services on campus, quiet places for students to study, and robust spaces for groups of our Hamline community members to gather.” (Source)