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Middlebury College Endowment Fund

Name: Middlebury College Investment & Treasury Operations

Assets Under Management: $1.53 Billion (Source: Middlebury College 6/30/2013)

Annual Report: Financial Statements for the period ending June 30, 2013

Portfolio Insights: “Middlebury College (“the College”) is a liberal arts college located in Middlebury, Vermont. The College was founded in 1800 and is a leading liberal arts college with an emphasis on literature, languages, international studies and environmental studies. Approximately 2,450 undergraduate students come from throughout the United States of America and 70 countries. Approximately 70% of the students are from outside of New England. Over one-half of the students spend at least one semester off campus, primarily outside of the United States of America. In addition to the Middlebury campus, the College has schools located in Argentina, Brazil, Cameroon, Chile, China, Egypt, France, Germany, India, Israel, Italy, Japan, Jordan, Russia, Spain, and Uruguay.” (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 Middlebury College Endowment Fund Headlines:

1) In the official press release for the fund, Middlebury College’s President Ron Liebowitz is quoted, “We are pleased to be involved in this new initiative. We’re excited at the prospect of an initiative whose performance can further our educational mission while providing social and environmental value.” (Source)

2) Middlebury College has been living large. Aside from icons like Old Stone Row – three sober buildings that date back to the 19th century – and Mead Memorial Chapel, today’s sprawling campus would be largely unrecognizable to anyone who attended this rural Vermont college as recently as the 1990s. During the past two decades Middlebury has undertaken a massive construction campaign, part of a push to secure its place among the nation’s top liberal arts schools. In the past 10 years alone the college has added a $47 million science center and a $40 million library, as well as a 2,100-seat hockey arena and apartment-style dorms featuring an environmentally friendly dining hall with rooftop vegetation. The latest multimillion-dollar trophy, the tortuously named Donald E. Axinn Center for Literary and Cultural Studies at Starr Library, opened last fall as a hub for several humanities programs. Among the amenities: a state-of-the-art screening room and a ceiling-high waterfall in the sun-filled lobby. (Source)

3) At Middlebury College, members of the school’s Socially Responsible Investing (SRI) club are working to guide the school’s $900 million dollar endowment toward more sustainable investments. They’ve joined a growing number of other schools in invoking the kind of ownership rights seldom embraced by the left: the right to influence the world through the tools of Wall Street, using their role as investors to spur change in powerful corporations. “Colleges have the opportunity to be leaders in socially responsible investing because we combine liberal ideals with a huge amount of money,” says Olivia Grugan, a Middlebury senior and president of the SRI club. (Source)

4) Middlebury College’s finances are stable and healthy. The college is rated AA by Standard and Poor’s and Aa2 by Moody’s, which uses 36 criteria to establish its rating. The Bain-Sterling Analysis uses just two criteria, which is a weakness in the study. Both Standard and Poor’s, and Moody’s give Middlebury a stable outlook in addition to high credit ratings. The Bain-Sterling study covers the period of 2005-2010 but Middlebury’s endowment has increased significantly since that time. As of June 30, 2010, it was $785 million. The endowment was $879 million as of May 31, 2012, which is an increase of nearly $100 million.” (Source)

5) Middlebury College is pleased to provide this net price calculator as a guide to assist in early financial planning for college. This calculator will provide a preliminary estimate of federal, state and institutional aid eligibility. It was created to help families gauge what aid the student may be awarded and to make arrangements to cover the cost of attendance. (Source)

About Richard C. Wilson