Name: Knox College
Assets Under Management: $121.7 Million (Source: Knox College on 6/30/2010)
Portfolio Insights: “Knox College (the College) is a private, nonprofit institution of higher education located in Galesburg, Illinois. The College provides education and training services for students at the undergraduate levels and performs research, training, and other services under grants, contracts, and similar agreements with sponsoring organizations.
Equity investments and debt securities are stated at fair value as provided by the investment custodians and are based on quoted market prices. Other investments, primarily real estate, are stated at the lower of cost or market based upon periodic appraisals and management estimates. The College invests certain endowment assets to maximize long-term total return.” (Source)
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Top Knox College Endowment Fund Headlines:
1) Knox College’s endowment continues to grow. As of June 30, 2014, Knox’s endowment stood at $111 million, the highest amount in College history. A special thanks to trustee Joe Glossberg, who has served as chair of the Investment Sub-Committee of the Board for 14 years and has done an amazing job, along with his fellows sub-committee board members, in managing growth for the endowment. Annual income from the endowment, tuition revenues, and private gift support are the College’s three primary sources of annual revenue. Over the past few years, private gift support has surpassed endowment income to become Knox’s second largest source of income after tuition.
Knox’s recent fundraising successes, including annual growth in the Knox Fund and the College’s endowment, record-breaking fundraising totals, and successful capital projects like Alumni Hall, have won recognition from the Council for Advancement and Support of Education (CASE), an international association of educational institutions. The organization recently selected Knox for a 2014 CASE Educational Fundraising Award for Overall Performance. (Source)
2) The Knox College Board of Trustees elected four new members at its meeting in June. Elected general trustees were Thomas V. Reilly, Isabelle Czarkowki Goossen, and Keith Maskus. Elected as an alumni trustee was John Cusimano.
Thomas V. Reilly ’68 – Retired, Managing Director and Chief Investment Officer, Putnam Value Equity Group, Boston, Massachusetts. Tom received his bachelor’s degree in economics from Knox and his MBA from the University of Chicago in 1971. His family has a long Knox legacy as many relatives have graduated from the College. Tom has worked as a venture capital investment officer, investment analyst, and portfolio manager at various companies. He previously served as alumni trustee from 1997-2001, moved on to be a general member on the Board of Trustees from 2001-2009, and returned to the Board as a general trustee in 2014. (Source)
3) On July 24, 2013 President Barack Obama kicked of a champaign promoting his Economic Plan with a visit to Knox College in Galesburg. His visit marked a return to our community, following his Commencement Address at Knox College in 2005, as a new Senator of Illinois. Galesburg has never been far from his mind. He also mentioned our community at the Democratic National Convention in 2004. (Source)
4) Knox College was honored with the Presidential Community Service Award for its community service initiatives. Knox was just one of four finalists nationwide in the Economic Opportunity category of the 2014 President’s Higher Education Community Service Honor Roll. It is the fifth time in the past six years that Knox has been recognized by the honor roll. “This award recognizes that the efforts of hundreds of Knox students, through thousands of hours of community service, are touching people’s lives and making a real difference in the everyday well-being of our community,” said Knox College President Teresa Amott. (Source)
5) Knox College is a community of individuals from diverse backgrounds challenging each other to explore, understand and improve ourselves, our society and our world. The commitment to put learning to use to accomplish both personal and social goals dates back to the founding of the College in 1837. We take particular pride in the College’s early commitment to increase access to all qualified students of varied backgrounds, races and conditions, regardless of financial means.
Today, we continue to expand both the historic mission and the tradition of active liberal arts learning. We provide an environment where students and faculty work closely together and where teaching is characterized by inviting and expecting students to pursue fundamental questions in order to reach their own reflective but independent judgments. (Source)