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McMurry University Endowment Fund

Name: McMurry University

Assets Under Management: $72.6 Million (Source: McMurry University on 5/31/2006)

Annual Report: McMurry University Financial Statements and Report Of Independent Auditors May 31, 2006 and 2005

Portfolio Insights: “McMurry University is a tax exempt institution under section 501(c)(3) of the Internal Revenue Code and is not a “private foundation” under the Tax Reform Act of 1969; accordingly, no provision for taxes has been made in the financial statements.

Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donor-imposed restrictions. Expenses are reported as decreases in unrestricted net assets.” (Source)

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Top McMurry University Endowment Fund Headlines:

1) Dr. Sandra Harper, a native of Dallas, Texas, began serving as President of Our Lady of the Lake College in Baton Rouge, Louisiana in 2006. Prior to her presidential appointment, Harper served as the Provost and Vice President for Academic Affairs and Professor of Communication at Texas A&M University-Corpus Christi from 1998-2006. Harper’s other administrative posts included serving as the Vice President for Academic Affairs at Oklahoma City University and as the Dean of the College of Arts and Sciences at McMurry University in Abilene, Texas.  Harper began her service at McMurry College in 1985 as an assistant professor of communication. During the next ten years, she was awarded tenure and rose through the academic ranks to professor of communication.

Harper received her B.S. degree from Texas Tech University and her M.S. and Ph.D. from the University of North Texas.   Harper also completed the Harvard Management Development Program and the Governor’s Executive Development Program at the LBJ School of Public Affairs at The University of Texas.   Dr. Harper is a member of the Board of Trustees of the Southern Association of Colleges and Schools (SACS) Commission on Colleges, the Executive Committee of the Louisiana Association of Independent Colleges and Universities, and the    Louisiana Office of Student Financial Assistance Commission. (Source)

2) Paul Fabrizio brings a wealth of experience to McMurry.  He was born and raised in Southern California and earned his undergraduate degree at the University of Southern California.  Subsequently, he spent several years at St. John’s Major Seminary in Camarillo, California, as well as working for an automotive market researching company. He also served as an assistant manager with the U.S. Census Bureau in Baltimore, Maryland, for the 1990 census, before returning to academe to get his doctorate from Emory University in Atlanta.  In addition to his administrative duties, Fabrizio also hosts an off campus radio talk show, “The Professors.” (Source)

3) McMurry University has increasingly gained a national reputation for excellence and value through the achievements of its faculty, students, and graduates. Approximately 1200 students attend the University, with students coming from 27 states and 12 countries. The University offers 7 undergraduate degrees in more than 19 departments and 45 majors, and it offers 1 master’s degree program in nursing.

The University has enjoyed significant growth and advancement in a number of areas in recent years. McMurry completed its largest campaign and made major improvements in campus life and learning facilities, including important improvements in science and a number of other disciplines. The University enjoys a more diverse student body and a stronger commitment to both the intellectual and spiritual life of its students.

University endowment has reached almost $68 million dollars. An important part of that endowment is the $7.7 million raised especially in support of student scholarships during its recent Shaping the Future campaign. The University’s operating budget is at the level of $30 million, and its net assets total approximately $86 million. Founded in 1923, and having a continuing relationship with The United Methodist Church, the University is located on a beautiful 43 acre campus in an urban setting of some 120,000. (Source)

4) Founded in 1923 as a United Methodist institution, McMurry University is a vibrant and comprehensive center of undergraduate education. McMurry has a national reputation for excellence and value through the achievements of its faculty, students and graduates. The University enrolls more than 1,200 students in six schools – Arts and Letters, Business, Natural and Computational Sciences, Education, Nursing, and Social Sciences and Religion. Our beautiful campus is located on 52 acres in Abilene, Texas, a city of over 118,000 friendly people.

Offering a diverse academic curriculum students can choose from 45 majors as well as our pre-professional programs in medicine, dentistry, engineering, law, pharmacy, physical therapy and others. 

The three-week May Term gives students an opportunity to explore a subject outside their major, and the Servant Leadership Program teaches students about ethics and helps develop leadership qualities. (Source)

5) Rev. Bill Libby, adjunct professor of religion and history at McMurry University, has donated his 140-acre ranch southeast of Abilene to McMurry as a field research station for use by biology science students and faculty.

Nicknamed Firebase Libby in honor of Rev. Libby’s service as a United Methodist chaplain with the 101st Airborne during the Vietnam War, the ranch will provide a venue where ecological and physical monitoring can occur, resulting in longitudinal datasets that may reveal noteworthy patterns.

“Patterns only reveal themselves when data is regularly collected. In many instances, this data collection is monotonous and uncharismatic. Yet without this data, the bigger picture fails to come into focus,” said Dr. Joel Brant, associate professor of biology at McMurry. “McMurry students will benefit from the real world, hands-on experience of collecting this essential data, better equipping them for post-graduate opportunities.” (Source)

About Richard C. Wilson