Name: Linfield College
Assets Under Management: $244.6 Million (Source: Linfield College on 6/30/2014)
Annual Report: Linfield College Financial Report 2013-2014
Portfolio Insights: “Linfield College (the College) is an accredited four-year, private, coeducational, liberal arts and science institution located in McMinnville and Portland, Oregon. The College
has certain investments in real estate and related assets that were recorded at cost when purchased or fair value on the date of gift, as appropriate.
The College’s endowment consists of approximately 365 individual funds established for a variety of purposes including 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 Linfield College Endowment Fund Headlines:
1) The $35 million Linfield College endowment is concluding an asset allocation study and will determine in the coming weeks whether to eliminate the fund’s convertible bond portfolio and what asset class to replace it with if it does. “Convertible bonds have not been a good asset class for us because it functions too much like the equity marker and it is too volatile,” said Scott Chambers, professor of finance, who also conducts research for the school’s endowment fund. (Source)
2) Tyler Laird-Magee joined Linfield College in 2007. She teaches courses in management, organizational behavior, sales management, promotions management, international marketing, and consumer behavior. Previously, Tyler taught for over a decade as a Visiting Instructor at the University of Portland, and an adjunct instructor at the University of Portland; George Fox University; Marylhurst University; Saint Martin’s University; City University of Seattle, Beijing Campus; and Wuhan University of Technology, Hubei Province, People’s Republic of China.
Tyler brings over 25 years’ experience in marketing and management to her role at Linfield, having held senior-level positions in Fortune 500 corporations as well as venture-capital start ups in technology, software, and financial services. Her research focus includes the nexus between marketing’s “5th P” and employee empowerment, management and cultural intelligence, and cross-cultural teaching effectiveness. (Source)
3) Linfield College received its charter from the Oregon Territorial Legislature on January 30, 1858, as the Baptist College of McMinnville. The institution’s heritage lies with the northern Baptists, spiritual descendants of Roger Williams of Rhode Island, for whom freedom of conscience was paramount. The first decades of the college were fraught with financial and leadership challenges. Because McMinnville leaders had invited the college to occupy an existing school building near the center of town, however, the struggling institution could depend on the support of the community. Pioneer Hall was completed in 1883, built on land donated by Samuel and Mahala Cozine, among the earliest founders of McMinnville. It remains in use today and is on the National Register of Historic Places.
The college awarded its first bachelor’s degree in 1884. In 1898, the board of trustees filed new articles of incorporation, changing the name to McMinnville College. The name changed again in 1922 when Frances Ross Linfield donated a considerable portion of her assets to the college. Linfield had moved to Spokane, Washington, after her husband, the Rev. George Fisher Linfield, died. (Source)
4) A new endowment honoring Dave Hansen will add a faculty member to the economics department at Linfield College. Hansen previously served as vice president for Student Services and dean of students.
Gifts are requested to complete the funding of The Dave Hansen Chair in Economics. Hansen, who was named professor emeritus of economics at Commencement, joined the faculty in 1969 and retired in December. He served 22 years as dean of students. The surprise announcement of the endowment was made by President Thomas L. Hellie during the presentation of Hansen’s “last lecture” before a packed audience of colleagues, former students and friends.
The $2 million endowment, when completed, will provide a permanent investment in the outstanding teacher-scholars in economics. Securing gifts for endowed faculty positions is a goal of the 2012-18 Linfield College Strategic Plan. Last fall, two new endowed positions, in creative writing and in political science, were announced. (Source)
5) The Linfield Panhellenic Council (LPC) is the organization which governs the entire Panhellenic (sorority) community. Every Greek woman on campus is a member of LPC – LPC is the single largest group of women on campus, at almost 30% of the female student body!
The LPC Executive Board consists of seven officers: President, Vice President, Secretary, Treasurer, Publicity Chairwoman, External Chairwoman, and Internal Chairwoman. LPC Officers meet regularly to discuss and provide opportunities for academic, social, and emotional growth for each chapter. LPC Officers are essentially “disassociated” from their chapters; They work to improve the strength and character of the Panhellenic community as a whole as opposed to their individual chapters. (Source)