Name: John Brown University
Assets Under Management: $168.2 Million (Source: John Brown University on 6/30/2010)
Portfolio Insights: “John Brown University (the University) is an independent Christian university of arts and sciences located in Siloam Springs, Arkansas. Investments in fund of hedge funds, real property, private equity, and natural resources are valued using level 3 inputs. The underlying investments in real estate are generally valued using a mixture of external and internal appraisals, based on current market information available for comparable properties.
The University’s endowment consists of approximately 200 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the board to function as endowments.” (Source)
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Top John Brown University Endowment Fund Headlines:
1) John Brown University, a private college based in Siloam Springs, kicked off the public phase of its $125 million capital campaign in an announcement on Wednesday (Jan. 21) that included news of several recently acquired, unannounced gifts.
The $125 million “Campaign for The Next Century: A Hope and Future” will end in 2019. The amount being sought and the timing are historically significant for the university.
“This campaign is historic because in 2019 JBU is completing 100 years of Christian higher education. It’s historic because of the dollar amount,” said Lucas Roebuck, director of university communications. “And it’s historic because these resources, buildings, endowments, and more will impact generations of JBU students to come.” (Source)
2) September 9, 2010 – An anonymous donor has given $2 million to John Brown University for the creation of a new endowed faculty chair. The gift brings the total given in the $110 Million Keeping Faith Campaign over the $100 million mark, the first time JBU has reached a nine-figure amount in a campaign.
The Dr. Gary J. Oliver Endowed Chair in Marriage, Family and Relationship Studies is named for Dr. Oliver at JBU. Dr. Oliver is a university and seminary professor, psychologist, author, executive director of the Center for Relationship Enrichment (CRE) and professor of psychology and practical theology at JBU. Dr. Oliver will also be the first person to hold this endowed chair. (Source)
3) John Brown University is beginning to offer Pre-Nursing courses, starting in the Fall of 2014. Admission as a pre-nursing student (either as an incoming freshman or as a transfer student) will be based on similar criteria used for other academic programs at JBU. In order to progress to the clinical phase of the major at the beginning of their junior year, students will have to meet a certain minimum cumulative GPA of 2.8 and a science and Math GPA of 2.5 during the first two years, as well as make a personal statement that describes their motivation for a career in nursing. Students will be notified of their acceptance into the upper division of the major early in the spring of their sophomore year. (Source)
4) The $10 Million Endowment Match was launched on January 1, 2013, by an anonymous donor to encourage endowment growth for scholarships, programs, and endowed chairs. John Brown University is committed to increase the university’s scholarships to help deserving students as they pursue a Christ-centered college education. (Source)
5) Dr. Chip Pollard has been the president of John Brown University since July 2004. He received his undergraduate degree in English from Wheaton College in 1985, a law degree from Harvard Law School in 1988, a master’s degree in English from Oxford University in 1990, and a Ph.D. in English from the University of Virginia in 1999.
Dr. Pollard came to JBU from Calvin College in Grand Rapids, Michigan, where he was an Associate Professor of English teaching primarily world and 20th-century literature. Dr. Pollard has published frequently, including “New World Modernisms” (2005) and “May It Always Be True: Educating Students in Faith” (2011). In addition to his teaching and scholarship, Dr. Pollard has also practiced law as a corporate and tax associate for Latham & Watkins in Chicago, Illinois from 1990-1993. (Source)