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Iona College Endowment Fund

Name: Iona College

Assets Under Management: $158.1 Million (Source: Iona College on 6/30/2008)

Annual Report: Iona College Financial Statements June 30, 2008 and 2007 (With Independent Auditor’s Report Thereon)

Portfolio Insights: “Founded as a private, independent college for men by the Congregation Brothers, a Roman Catholic order of teaching brothers, Iona College (the College) commenced the operations in 1940 in New Rochelle, New York.

The Colleger’s investments are reported at fair value based upon quoted market prices or, with respect to investment funds, at estimated values provided by external investment managers. These estimated values are reviewed and evaluated by the College.” (Source)

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Top Iona College Endowment Fund Headlines:

1) The endowment projects proposed in the Iona Forever campaign to fund professors, scholarships and coaches will be as or more impactful than the capital projects. Regardless of larger economic forces, Iona’s needs will continue to grow and will require resources to maintain academic excellence. Academic and athletic programs that can exist apart from the operating budget provide continuity and growth. The endowments that fund them provide a means for donors to establish an individual or corporate legacy. Without a significant endowment, it is a challenge to offer support for academic and extracurricular life, without increasing tuition.

A critical component of the campaign, endowed merit and need based scholarships, will have a profound impact on the lives of current and future Iona students and will enable future generations to pursue these noble ideals. Scholarships offered through Iona Forever will allow the College to expand and balance its financial aid program, freeing up resources to flow into other facets of the Iona academic experience. Gifts, which may be named in honor of or in memory of the donor, will establish investment funds to provide student aid year-in and year-out. This investment structure enables each dollar to work towards the recruitment and support of many future Iona students. (Source)

2) Iona in Mission offers short-term domestic and international immersion experiences to the students, alumni, staff, and faculty of Iona College. Through the mission trips, participants move away from a global culture of indifference by engaging in service with the poor and marginalized while being immersed in different cultures.  Upon returning to Iona, participants share their experiences and injustices affecting the host communities to help increase solidarity leading to action between the Iona community and marginalized communities around the world.

These experiences are truly transformative for participants and often enrich and deepen their Iona education.Service immersion breaks down the walls of the classroom and enfleshes the people, places, and ideas studied in class.Making human our images of people in other places, inspires us to respond to the needs of those who once seemed remote and different.We also begin to see ourselves in a very different way, expanding our definitions of who we are. (Source)

3) New Rochelle, NY (April 2, 2014) Mark Kiselica, Ph.D., vice provost of the College of New Jersey, will become Iona College’s next provost and senior vice president for academic affairs, effective July 1, 2014. After a national search, spanning several months and review of more than 70 applicants, Dr. Kiselica emerged as the clear choice for Iona. As provost and senior vice president for academic affairs, Dr. Kiselica will provide leadership in planning, developing, implementing, budgeting, and assessing all academic support and student life programs. He will also provide leadership in implementing many initiatives in the College’s five-year strategic plan, Advancing our Legacy and Defining our Future.

“Dr. Kiselica is an impressive professor, scholar and administrator,” said Iona College President Joseph E. Nyre, Ph.D. “He is joining the College at a pivotal time in our history. As we focus our strategic efforts, he is the right academic leader to guide our community toward advancing student distinction, academic distinction and affordability, as well as elevating the academic reputation of the institution.”

Dr. Kiselica is a psychologist, professor of counselor education, former dean of the School of Education, and, since 2009, vice provost at the College of New Jersey (TCNJ). Prior to joining TCNJ in 1994, he was an assistant professor of counseling psychology at Ball State University. (Source)

4) Dr. Joseph E. Nyre serves as the eighth president of Iona College. Founded by the Irish Christian Brothers, Iona College is a community of learners and scholars dedicated to academic excellence in the tradition of the Christian Brothers and American Catholic higher education.  Committed to intellectual inquiry and the values of justice, peace and service, Iona is a midsized Catholic college of approximately 4,250 full- and part-time students known for its liberal arts core curriculum, commitment to service and outstanding business and pre-professional programs. Iona has a Carnegie Classification of “Master’s L,” which represents colleges and universities offering larger master’s programs. Iona successfully participates in NCAA Division I athletic competition. (Source)

5) President Joseph E. Nyre, Ph.D., delivered an update on the state of the College, which included recent success such as welcoming the best qualified freshmen class in over five years and achieving the milestone financial goal of growing Iona’s endowment to $100 million, nearly doubling the total over three years with the goal of doubling again over the next five years.

Additional accomplishments during the first phase of his presidency have included endowing a faculty development fund, creating Iona’s first fully endowed faculty chair, launching new academic programs, moving forward on campus improvements, and continuing to make Iona financially sustainable in the highly competitive higher education landscape.

“I want to spend more of the next phase of the Presidency focused on the soul of the institution,” said Dr. Nyre. “Focusing on our mission, on our people, on diversity and positioning the College for the next 75 years.” (Source)

About Richard C. Wilson