Name: Messiah College Endowment Office
Assets Under Management: $299.8 Million (Source: Messiah College on 6/30/2012)
Annual Report: Messiah College Financial Statements June 30, 2012 and 2011
Portfolio Insights: “Messiah College is a Christian college of the liberal and applied arts and sciences. It was founded in 1909 by the Brethren in Christ Church. The main campus is located in Grantham, Pennsylvania. The College is accredited by the Middle States Association of Colleges and Secondary Schools.
The College’s investments are comprised of a variety of financial instruments. The fair values reported in the statement of financial position are exposed to various risks, including changes in the equity markets, the interest rate environment, and general economic conditions. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the fair value of investment securities, it is reasonably possible that the amounts reported in the accompanying financial statements could change materially in the near term.” (Source)
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Top Messiah College Endowment Fund Headlines:
1) Messiah College is blessed with a strong endowment of more than $135 million, largely because of the vision and foresight of many of Messiah’s early leaders. The endowment helps to provide for the needs of Messiah each year, including the awarding of student financial aid. Many donors choose to establish scholarship endowments specifically to support students.
Because endowed scholarship funds are perpetual and predictable, these funds will benefit generations of Messiah College students and enable the College to plan more strategically for the future. In addition, endowed scholarship funds are set aside and kept separate from operating and capital fund accounts. The principal of the fund remains intact while the investment income provides much-needed support each year. You can be sure that your endowed scholarship will be secure and that the terms of the agreement will be carefully followed.
Endowed scholarship funds are often named for the person or family who establishes the fund, or for someone who they wish to honor or memorialize. In addition, you may tailor the purpose of the scholarship to benefit a specific area of interest. Donors also enjoy opportunities to correspond and meet with the students who benefit from the scholarship. (Source)
2) Messiah College in Grantham has completed its Centennial Campaign, a $40 million fundraising effort to construct the Calvin and Janet High Center for Worship and Performing Arts and to raise funds for student-focused initiatives and scholarship endowments.
The college began the campaign in 2007, completed it in December 2012 and exceeded its $40 million goal by $6.2 million.
“We are deeply grateful to the many alumni, parents and community friends who supported the Centennial Campaign,” President Kim S. Phipps said. “Their generosity ensures that Messiah continues to provide excellent facilities and competitive scholarship funding to make Messiah College an appealing, viable educational choice for students.” (Source)
3) Messiah College is a nationally ranked, private Christian college with a student body of 3,084 undergraduate and graduate students. Located in Mechanicsburg, Pa., just 12 miles from the state capital, Harrisburg. The College was founded in 1909 by the Brethren in Christ Church. Today, the College’s faith base is broadly evangelical and includes students and employees from a variety of denominations and Christian faith traditions.
Our mission is to educate men and women toward maturity of intellect, character and Christian faith in preparation for lives of service, leadership and reconciliation in church and society. (Source)
4) It took incredible courage, resources, and faith for founder S.R. Smith to keep his successful noodle-making business running while also opening a college—called Messiah Bible School and Missionary Training Home—in his Harrisburg home in 1909. Yet, thanks to Smith’s bold vision, more than 100 years have passed and his educational venture has blossomed into an academically excellent Christian college of the liberal and applied arts and sciences called home by more than 2,900 undergraduate and graduate students.
The individuals that comprise Messiah College—compassionate students, dedicated employees, engaged educators, inspiring alumni, thoughtful neighbors and community friends—motivate our campus community each day as we work together to promote Messiah College in creative, innovative ways. (Source)
5) Messiah College will complete a $28 million worship and performing arts center, part of a $40 million campaign it launched in 2010. And gifts received as part of a $70 million campaign that Juniata College started in 2000 will be used to support 10 percent of college operating costs by 2015 and 15 percent by 2025.
How is it that these smaller private schools are doing so well? And how long can they sustain it?
Part of the mystery might be explained by last year’s study from Gallup and the Lumina Foundation for Education. It found that Americans overwhelmingly believe college degrees are critical for tackling the nation’s job and finance crises. Unemployment rates for college-educated workers are well below the national average. (Source)