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Kalamazoo College Endowment Fund

Name: Kalamazoo College

Assets Under Management: $320.6 Million (Source: Kalamazoo College on 6/30/2012)

Annual Report: Kalamazoo College Financial Report with Additional Information June 30, 2012

Portfolio Insights: “Kalamazoo College (“the College”) is a private tax-exempt, nonprofit educational institution located in Kalamazoo, Michigan. The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within and provide enlightened leadership to richly diverse and increasingly complex world.

Investment in private equity or limited partnership are recorded at estimated fair value based on the College’s capital balance in each partnership , which is calculated by the general partner of each limited partnership.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top Kalamazoo College Endowment Fund Headlines:

1) Mar 17, 2009 – Kalamazoo College has hired a new vice president for business and finance. Jim Prince, currently vice president of operations and chief financial officer at Geneva College in Beaver Falls, Pa., was appointed following a nationwide search. He will start July 1.

Prince will oversee K-College’s $42 million operating budget, the human-resources department, facilities management and the college’s investments. His job is similar at Geneva College, a small Christian college in western Pennsylvania, where he is responsible for managing a $40 million operating budget.

Prince, 54, replaces Tom Ponto, who has been at K-College for 30 years, including serving the last 15 years as vice president for business and finance.

“I will work closely with Jim and the business-office team to ensure a seamless transition,” K-College President Eileen Wilson-Oyelaran said in an e-mail announcing the hire. (Source)

2) Kalamazoo College reported the largest endowment of any Michigan college, according to the study, which surveyed 835 institutions of higher learning. Kalamazoo’s endowment in 2013 was at $192.3 million, with Albion College next with $167.3 million.

“It’s not about having a big endowment. It’s about having an endowment that supports the academic mission of the college,” said Al DeSimone, vice president of advancement. “It’s what those dollars do, more than the dollars.” (Source)

3) The Arcus Foundation has awarded a $23 million grant to Kalamazoo College to make that possibility a reality. The grant from the foundation, which is dedicated to advancing social justice and conservation issues, will endow the Arcus Center for Social Justice Leadership, going up on the Kalamazoo College campus this year.

The $23 million grant is largest donation in the college’s 179 years and one college officials say is among the largest given for a social justice purpose to any undergraduate institution in the United States.

The Jan. 17 announcement came after two weeks of hints from the school that something big was in the works. When time came for the announcement, students and members of the community filled the balloon bedecked Hick Center. The K Jazz Quintet kept them entertained as dignitaries gathered. And mingling in the crowd were those wearing orange T-shirts bearing the slogan “It’s Big.” (Source)

4) Kalamazoo College has shown early success with strategic initiatives to expand its geographic reach and increase the number of incoming students from outside Michigan and the U.S. This is important given the projected decline of high school graduates in Michigan and economic downturn that has impacted families financially within the state. In fall 2010, the percent of the freshman class from Michigan declined by five percent to 64% in fall 2010 compared to 69% in fall 2006. The college’s goal is have the incoming class evenly split between Michigan and non-Michigan residents by fall 2017. (Source)

5) Dr. Eileen Wilson-Oyelaran assumed the role of 17th President of Kalamazoo College in July 2005 with an energy and excitement that has generated great expectations among the college’s constituents. She brings to her work a record of distinction in the realm of higher education and early child development, both in this country and abroad, and she is well equipped to lead Kalamazoo College as it moves to greater eminence.

A native of Los Angeles, Dr. Wilson-Oyelaran earned her B.A. in sociology from Pomona College, and an M.A. and Ph.D. in education from the Claremont Graduate University. She was no stranger to international education, having completed an undergraduate study abroad experience in England where she studied the education of immigrant children. She was also the recipient of the Thomas J. Watson Traveling Fellowship, which enabled her to execute independent research in Ghana, Nigeria, and Tanzania. (Source)

About Richard C. Wilson