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Luther College Endowment Fund

Name: Luther College

Assets Under Management: $296.5 Million (Source: Luther College on 5/31/2014)

Annual Report: Luther College Decorah, Iowa Consolidated Financial Statements Including Independent Auditors’ Report As of and for the Years Ended May 31, 2014 and 2013

Portfolio Insights: “Luther College is an institution of higher education affiliated with the Evangelical Lutheran Church in America. The accounting policies of the College reflect practices common to universities and colleges and conform to accounting principles generally accepted in the United States of America.

The College’s endowment consists of approximately 800 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments. As required by GAAP, net assets associated with endowment funds, including, funds designated by the governing board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (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 Luther College Endowment Fund Headlines:

1) Luther College has established the Williams Endowment Fund for its annual Martin Luther King, Jr. lecture.

The fund is named in recognition of former faculty members Lawrence and Queen Williams for their dedication and years of service to Luther College. The endowment will assure the continuation of the college’s annual Martin Luther King, Jr. Lecture, a program developed, directed and promoted by Lawrence over the past 20 years.

At a May 21 ceremony, the Williamses were presented with a commemorative print of the endowment declaration by William Craft, dean and vice president for academic affairs, and Keith Christensen, vice president for development. Lawrence Williams joined the Luther faculty in 1985. He taught Africana studies, history and Paideia courses until his retirement in 2010. (Source)

2) Luther College junior Isabela Rosales has received a $2,400 UPS Scholarship for the 2014-15 academic year. Rosales is the daughter of Elisabeth and Raymundo Rosales of Iowa City. She is majoring in English and religion.

The is provided through the Iowa College Foundation, a statewide association for private colleges and universities that is affiliated with the Council of Independent Colleges.  At the national level, the CIC teams up with the UPS Foundation to distribute funding of the UPS Scholarship. This year, the CIC awarded nearly $1.5 million in scholarships from its UPS Educational Endowment Fund to private institutions of higher learning across the nation, including a grant of $55,200 to the Iowa College Foundation. These scholarships are awarded on the basis of the students’ academic achievement and financial need. (Source)

3) One of the college’s primary goals (as identified by the strategic planning process) is to substantially increase the Luther College endowment—a perpetual fund composed of donor gifts that are retained and invested by the college. Earnings from the endowment are available each year to support college programs and scholarships as designated by the donor.

Please note: All amounts discussed in the following sections are for donors who will fund the endowment through an outright gift or pledge. You may also choose to fund a named endowment through a planned gift. However, that may require a larger amount due to the timing of the gift. Please consult directly with the Development Office for specific details. (Source)

4) In the reforming spirit of Martin Luther, Luther College affirms the liberating power of faith and learning. As people of all backgrounds, we embrace diversity and challenge one another to learn in community, to discern our callings, and to serve with distinction for the common good.

As a college of the church, Luther is rooted in an understanding of grace and freedom that emboldens us in worship, study, and service to seek truth, examine our faith, and care for all God’s people.

As a liberal arts college, Luther is committed to a way of learning that moves us beyond immediate interests and present knowledge into a larger world—an education that disciplines minds and develops whole persons equipped to understand and confront a changing society. (Source)

5) Dr. Paula J. Carlson began her duties as Luther College’s 10th president July 1, 2014.

Dr. Carlson is a 1976 Phi Beta Kappa graduate of St. Olaf College. She holds an M.A., M. Phil., and Ph.D. in English and comparative literature from Columbia University. She has taught at the University of Dubuque, Yale University and St. Mary’s College in Notre Dame, Indiana.

Prior to becoming Luther’s president, Carlson served as vice president for mission at St. Olaf College. She also held positions as vice president and liaison to the St. Olaf College Board of Regents, and director of the Wendt Center for Character Education and associate dean for academic affairs at the University of Dubuque. (Source)

About Richard C. Wilson