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Lake Forest College Endowment Fund

Name: Lake Forest College

Assets Under Management: $152.5 Million (Source: Lake Forest College on 5/31/2012)

Annual Report: Lake Forest College, Lake Forest, Illinois, Financial Statements May 31, 2012 and 2011

Portfolio Insights: “Lake Forest College (the College) is a co-educational undergraduate institution offering students the opportunities and challenges of a liberal arts education. Located 30 miles north of Chicago, Illinois, the College was founded in 1857. The College draws a diverse student body from virtually all states of the Union and a considerable number of foreign countries. The College’s endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.” (Source)

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Top Lake Forest College Endowment Fund Headlines:

1) Stephen D. Schutt, the 13th president of Lake Forest College, was inaugurated in 2001. Under his leadership enrollment has increased by nearly 300 students, from 1239 to 1530; applications have more than doubled, from 1600 to 3500; the College has completed two development campaigns, including a Sesquicentennial Campaign that surpassed its $100 million goal a year early in 2011; and the College has invested $100 million in campus facility improvements.  Faculty have developed nearly a dozen new majors or minors during President Schutt’s tenure, as well as a series of innovative joint, accelerated degree programs with prestigious graduate and professional schools.  The College has also developed three key on-campus centers, including a Center for Chicago Programs that helps students and faculty take advantage of the Windy City’s educational resources; the Gates Center for Leadership and Personal Growth; and an Ethics Center.  Six new off-campus programs have also been established under President Schutt, in China, New Zealand, Spain, Tunisia, the Mexican border, and the Chicago Loop. (Source)

2) Lake Forest College Alum donates $7 million to the school, upon her death.  Grace Groner lived to be 100 years old, remembering black and white television, segregated schools, changes in politics, decades of fashion, and The Great Depression.  Crediting the Great Depression with her exceptional ability to be frugal, the Chicago Tribune says that Grace Groner bought her clothes at yard sales, walked instead of buying a car (could be the reason she lived so long!), and lived in a tiny barely furnished one-bedroom house for many, many years. (Source)

3) Dr. Michael T. Orr, Professor of Art History and Special Assistant to the President at Lawrence University will become Lake Forest College’s next Krebs Provost and Dean of the Faculty, for an initial four-year term beginning this coming summer.

“Michael Orr is the very best person to provide the academic leadership we will need in the future,” said President Stephen D. Schutt of Orr’s appointment.  “He will be a great successor to Janet McCracken, who has served the College with such dedication and skill for the past six years.”

Born and raised in Great Britain, Michael Orr received his B.A. with honors in the history of art from University College London.  He then came to the United States and received M.A. and Ph.D. degrees in art history from Cornell University.  As an active and productive scholar, he has specialized in medieval English art and has a wide variety of publications to his credit, including book chapters, articles, scholarly papers and three co-authored volumes in An Index of Images in English Manuscripts from the Time of Chaucer to Henry VIII, c. 1380 – c. 1509 [Series editor:  Kathleen L. Scott (Turnhout:  Harvey Miller/Brepols)].  His latest work, a co-authored chapter on the methods used to illustrate and decorate late medieval English manuscripts, is scheduled to be published this year by Cambridge University Press. (Source)

4) On Nov. 12, 2013, Lake Forest College will present the 21st Annual John and Katherine Covington Memorial Art Exhibition Lapsus Undone, featuring the work of Chicago artists Olivia Block, Mauricio Forero, Kelly Kaczynski and Christine Tarkowski.

Lapsus Undone investigates themes of absence, presence and transformation as distinctly explored by these four artists through various media including installation, photography, video and mixed media. The exhibition, curated by the College’s Museum/Gallery Practicum course taught by Lia Alexopoulos, will run through Saturday, Dec. 14. The artists will discuss their work at the Durand Art Institute on Thursday, Nov. 21, at 7pm.

This exhibition is made possible by the generous support of the John and Katherine Covington Memorial Fund. Established in 1992, the Fund honors the memories of John and Katherine Covington, their special involvement with Lake Forest College and interest in the arts. (Source)

5) Doni Fordyce-Urfirer ’81, of Greenwich, Connecticut and Craig P. Omtvedt of Lake Forest, Illinois, will serve on the College’s Board of Trustees through 2017. Lake Forest, Ill. – Lake Forest College is pleased to welcome two outstanding individuals to the Board of Trustees. Doni Fordyce-Urfirer, a Lake Forest College alumna and resident of Greenwich, Connecticut, is a Founding Partner of Stone Key Capital, an investment firm focused on the government and commercial technology sectors. She has two decades of senior executive and investment management experience, most recently as a founding partner and Executive Vice President of L-1 Identity Solutions.  She previously served Bear Stearns Asset Management as CEO, President and COO; and Goldman Sachs as a Vice President. Ms. Fordyce-Urfirer is on the advisory board for RSR Partners. She is also a past director of the U.S. Department of Defense Investment Board, The Big Apple Circus and BISYS Group. Ms. Fordyce-Urfirer graduated from the College in 1981, with majors in mathematics and economics, and has served as a member of the College’s Investment Committee for the past several years. (Source)

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