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Marietta College Endowment Fund

Name: Marietta College

Assets Under Management: $148.7 Million (Source: Marietta College on 6/30/2006)

Annual Report: Audited Financial Statements Marietta College Years Ended June 30, 2006 and 2005 With Report of Independent Auditors

Portfolio Insights: “Marietta College (the College) is a privately endowed educational institution, derives its income from student tuition and fees, investments, gifts and grants, operation of residence and dining halls and various related activities.

The College endowments consists of assets which are separately invested to provide income to support education and related activities, either as a result of donor imposed restrictions or as a result of designation by the Board of Trustees. Endowment contributions are generally invested on a pooled basis and managed so as to achieve maximum long-term total return.” (Source)

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Top Marietta College Endowment Fund Headlines:

1) The Paul Fulton Memorial Award Fund is an endowment established at Marietta College by members of the Southeastern Ohio Oil and Gas Association and friends of the late Paul Fulton.  Paul Fulton was the owner of the Rampp Company in Marietta and a longtime member of the Southeastern Ohio Oil and Gas Association.

The Paul Fulton Memorial Award Fund provides grant support for student research or studies of particular interest to the oil and gas industry in Southeastern Ohio.  Generally, four research grant awards of $500 each are made annually to Marietta College students majoring in Petroleum Engineering or Geology.  Grant funds are to be used for expenses associated with the research project.  The grants are awarded directly to the student recipients and are not included in other college scholarships or financial aid.

Interested students should submit a 250 word synopsis and outline of a proposed research project or study which will result in a research paper.  The proposed project should focus on the use of a process, procedure, study or analysis of reservoir data, production data or geologic conditions in the Appalachian Basin which would be of special interest to the oil and gas industry in Southeastern Ohio or closely related geographic regions. (Source)

2) President Dr. Joseph W. Bruno, a native of Chicago, became Marietta College’s 18th president on July 1, 2012, after 28 years in faculty and administrative roles at Wesleyan University in Middletown, Conn.

Dr. Bruno joined the Wesleyan faculty in 1984 and served in different leadership roles, including the Chair of the Chemistry Department, Dean of Natural Sciences and Mathematics, President of the university’s Gamma of Connecticut chapter of Phi Beta Kappa, and Provost and Vice President for Academic Affairs. He also served as Faculty Chair of the Tenure and Promotion Committee, led ongoing strategic planning for the university and, with the Chief Financial Officer, was an advisor to the Wesleyan’s President on all budgetary matters.

While at Wesleyan, he taught introductory chemistry, organic chemistry, advanced electives in inorganic and organometallic chemistry, and several levels of laboratory courses. He also developed an organometallic chemistry research program and authored about 60 publications and patents, most of which were coauthored with students he mentored in his lab. (Source)

3) Karyn Sproles, a native of Virginia, joined Marietta College on July 1, 2013. She directs all functions related to undergraduate and graduate studies, the faculty, and the overall direction of the academic programs. In addition to sitting on the Cabinet, she oversees the Office of Academic Affairs, which includes: Academic Grants, the Academic Resource Center, the Career Center, Education Abroad, the Hartel Program, the Honors Program, the Investigative Studies Program, the Legacy Library, the Records Office, and the Worthington Center for Teaching Excellence. As Provost and Dean of the Faculty, leadership of the College falls to Dr. Sproles in the absence of the President.

Prior to joining Marietta College, Dr. Sproles was the Dean of the College of Arts and Sciences at Carlow University (2010-13), Director of Faculty Development at the University of Southern Indiana (2007-2010), Associate Dean for University Studies at James Madison University (1997-2007), and Chair of the English Department and Director of Women’s Studies at Hamline University (1987-97). (Source)

4) Lori Lewis joined Marietta College in July of 2005. She directs all functions related to alumni programs, prospect development, fund raising, college relations and the overall advancement of the institution’s mission.

Prior to joining Marietta College, Lewis directed the strategic planning, and implementing and executing the management of the fund raising and alumni relations efforts for the College of Engineering at Virginia Tech – the state’s leading engineering college, which consists of a dozen departments with some 300 faculty, 5,500 undergraduate majors and 2,000 graduate students.

Before accepting the position at Marietta College, Lewis raised more than $30 million of a $129 million campaign goal in the first 22 months of the silent phase. In addition she was appointed the lead Director of the fund-raising effort for an $85 million university initiative, the Institute for Critical Technology and Applied Science. (Source)

5) Decades after Dr. Jean A. Scott has left Marietta College, her endearing spirit will remain relevant on campus. Multiple gifts from alumni, faculty, staff and friends of Marietta College totaling $3 million have helped establish the Jean A. Scott Endowment, which will go toward supplementing faculty salaries and provide annual staff awards. The endowment was announced during Friday night’s Erwin Academy Dinner, which also provided the College an opportunity to celebrate Dr. Scott’s 12 remarkable years as Marietta College’s president.

“I am deeply moved by the generosity of our donors who have provided this endowment in my honor,” says Scott, whose final day will be June 22. “It has been such a pleasure over the past 12 years to work with the men and women who have dedicated their careers to the honorable work of education and have chosen to be part of the Marietta College community. (Source)

About Richard C. Wilson