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La Salle University Endowment Fund

Name: La Salle University

Assets Under Management: $237.1 Million (Source: La Salle University on 5/31/2010)

Annual Report: La Salle University Financial Statements May 31, 2010 (with comparative information for May 31, 2009) (With Independent Auditors’ Report Thereon)

Portfolio Insights: “La Salle University (the University) is an independent, coeducational university founded in 1863 by the Christian Brothers, a Catholic order dedicated to teaching and career preparation. The University is committed to academic excellence and individualized attention in a values-based, interfaith educational community.

The University’s endowment consists of approximately 120 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

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Top La Salle University Endowment Fund Headlines:

1) La Salle University has launched a $25 million campaign targeted to build a new science and technology center and increase the endowment for scholarships. Over $13 million in gifts and pledges have been secured toward the $25 million goal.

J. Hugh Devlin, a 1964 La Salle graduate, is Chair of the “Shoulder to Shoulder” fundraising initiative. “I have always admired the Christian Brothers, who founded La Salle, and their commitment to providing a Catholic education to good students of modest means so that they can make their way in the world and also make the world a better place,” remarked Devlin, of Fair Haven, N.J. “It is my belief that the values imparted to us by the Christian Brothers – connectedness and giving back – will inspire the alumni community to stand together to advance the mission of La Salle through this important initiative.”

Construction of the new science and technology center will follow the completion of a new $24 million residence and dining facility currently under construction. The new residence halls, which will accommodate 435 students, are scheduled to open in the fall of 2005. (Source)

2) De La Salle University (DLSU) is set to open by the third quarter of 2015 its new P350-million campus located on a narrow strip of land along University Parkway within Bonifacio Global City in Taguig City. DLSU officials and members of the Rufino family led on Friday the ceremonial groundbreaking for the 1,395-square-meter future home of the university’s College of Law, as well as professional and continuing education courses, including graduate programs of Ramon V. del Rosario College of Business. The university won last year’s bidding conducted by the Bases Conversion and Development Authority (BCDA) for the long-term lease and development of the only remaining vacant lot at Bonifacio Global City’s so-called institutional area. The property is adjacent to the Manila Japanese School and near The British School Manila and International School Manila. University president and chancellor Br. Ricardo P. (Source)

3) La Salle University announced today the appointment of Colleen M. Hanycz (pronounced Han-ich) Ph.D., as its first woman and first lay president. Hancyz is currently Principal (a Canadian equivalent of President) of Brescia University College in London, Ontario, Canada. An accomplished attorney and administrative leader as well as a devout Roman Catholic, Hanycz will become the 29th president in the University’s 152-year history.

Today’s historic appointment was announced by William R. Sautter, ’71, Chair of La Salle’s Board of Trustees.

“This is a pivotal moment in La Salle’s history,” Sautter said. “We are very pleased and excited to name Dr. Hanycz as the next President of La Salle University. She is an innovative academic leader with an impressive record as an agent of positive change. She is ideally suited to maximize La Salle’s potential while continuing to honor our distinctive mission and values.” (Source)

4) La Salle University is a Catholic university in the tradition of the Brothers of the Christian Schools. To a diverse community of learners, La Salle University offers a rigorous curriculum and co-curricular experiences designed to help students gain theoretical and practical knowledge, deepen their ethical sensibilities, and prepare for a lifetime of continuous learning, professional success, and dedicated service.

As a Catholic university rooted in the liberal arts tradition, La Salle challenges students to contemplate life’s ultimate questions as they develop their faith, engage in a free search for truth, and explore their full human potential. As a Lasallian university, named for St. John Baptist de La Salle, patron saint of teachers, La Salle promotes excellence in teaching and scholarship, demonstrates respect for each person, nurtures mentoring relationships, and encourages authentic community. As an urban university, La Salle invites students to enhance their academic experience by immersing themselves in the rich resources of Philadelphia and the region. All members of our community are called to maintain a heightened sensitivity to those marginalized within society as they practice civic engagement, provide leadership with a global perspective, and contribute to the common good. (Source)

5) La Salle University announces its plans to build a new $35 million School of Business facility on its main campus in Northwest Philadelphia.

“When complete, La Salle University’s School of Business will be among the most advanced learning facilities for business education in the nation,” says La Salle University President Michael J. McGinniss, F.S.C., Ph.D.  “What differentiates this facility is the space planning that places classrooms, gathering areas, and faculty offices in close proximity to each other, fostering personal interaction and mentoring between students and faculty.  This focus on mentoring is precisely at the core of the Lasallian Catholic tradition of education.”

“This new building marks a milestone in the rich 150-year history of La Salle University,” says William R. Sautter, La Salle University Chair, Board of Trustees and La Salle School of Business Alumnus.  “This building will provide state-of-the-art teaching and experiential learning opportunities that will replicate real-world environments leaving our students better equipped to compete in today’s business world.” (Source)

About Richard C. Wilson