Name: Hofstra University
Assets Under Management: $232 Million (Source: Hofstra University on 6/30/2007)
Annual Report: Endowment Investment Market Value
Portfolio Insights: “Hofstra University endowment investments grew to $232 million by 2007, increasing by more than 130 percent in five years. The endowment value in 2008 reflects the recent global economic difficulties faced by all institutions. The University has set its sights on an endowment goal of $400 to $500 million to provide enhanced scholarships to better compete with institutions with significantly larger endowments.” (Source)
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Top Hofstra University Endowment Fund Headlines:
1) Hofstra University is a dynamic, private university where students succeed and study in about 140 undergraduate, 150 graduate programs of study, and a number of dual-degree programs. The various divisions of the University provide students with a broad array of academic offerings: Hofstra College of Liberal Arts and Sciences; Hofstra University Honors College; Frank G. Zarb School of Business; School of Communication; School of Education; School of Health Sciences and Human Services; Maurice A. Deane School of Law at Hofstra University; Hofstra North Shore-LIJ School of Medicine at Hofstra University; and the newly created School of Engineering and Applied Science. (Source)
2) Hofstra University inspires students to discover their strengths and find their purpose through career-enhancing, life-changing experiences. Hofstra students are encouraged to imagine, design and create their own path to opportunity, pride and purpose.
Hofstra University is the largest private college in Long Island, less than a one-hour train ride from New York City. With more than 11,000 students from 47 states and 50 countries, Hofstra is one of only two schools to have had the honor of hosting consecutive presidential debates (2008, 2012), which provided students with once-in-a-lifetime chances to participate in the democratic process. At Hofstra, students will find the resources of a world-class university with the atmosphere and personal attention of a small college — not to mention easy access to all the cultural, career, internship and recreational opportunities of a major metropolis. (Source)
3) Hofstra University provides a dynamic college experience tailored for engaged and ambitious individuals. Students find pride and purpose at Hofstra, through small classes, a faculty whose primary concern is teaching, cutting edge technology, extensive library resources, internships, and active and compelling educational programs that appeal to their interests and abilities. The Hofstra community is driven, dynamic and energetic, helping students find and focus their strengths to prepare them for a successful future. (Source)
4) Hofstra’s financial strength reflects increased fund-raising activities, strong endowment growth, strengthened operating margins, and enhanced control over expenses, particularly relating to health care and post-retirement benefits. Financial resources have increased by 160.5 percent during the last four years, and Hofstra continues to enjoy debt ratings in the A category from both Moody’s and Standard & Poors. The Capital Campaign, officially launched at the 2006 Hofstra Gala, exceeded its $100 million goal as of mid-April 2008, with a total of more than $106 million. The University continues to expand its fund-raising activities and maintain tight control over expenses. (Source)
5) Rabinowitz became president of Hofstra University in 2001. Since then, he has launched an honors college, broken ground on a new medical school slated to open in 2011, and attracted a presidential debate to his school’s Long Island campus.
“I kept trying to run away from being an administrator,” says Rabinowitz, who harbored academic aspirations as early as his first year of Law School. “But I kept getting called back a number of times.”
Hofstra recruited Rabinowitz in 1972 when it was searching for professors to
join the faculty of its law school, which was then just 2 years old. “I had offers to teach at established law schools,” he recalls, “but I was so excited to play a role in building something.” (Source)