Name: Endowments – Monmouth University
Assets Under Management: $342 Million (Source: Monmouth University on 6/30/2014)
Portfolio Insights: “Monmouth University (the University) is a private, comprehensive institution of higher learning at the undergraduate and graduate levels committed to service in the public interest and to the enhancement of the quality of life. The University’s endowment consists of approximately 210 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.
The objective of the endowment fund investments is to achieve long-term capital appreciation within prudent risk restraints. Endowment funds may be invested in equity and fixed income mutual funds, commodities, real estate and alternative investment strategies including hedge, private equity, and distressed debt.” (Source)
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Top Monmouth University Endowment Fund Headlines:
1) Dr. Paul R. Brown, a respected academic leader and renowned scholar, became the eighth president of Monmouth University on August 1, 2013.
Prior to his appointment at Monmouth, Dr. Brown served as dean of the College of Business and Economics at Lehigh University from 2007 to 2013. Under Dr. Brown’s leadership, the College of Business and Economics completed a transformative and wide-sweeping Strategic Plan. Dr. Brown also managed historically high levels of enrollment in both undergraduate and graduate programs and recruited and hired faculty at an unprecedented pace. During his time at Lehigh, he raised over $40 million in unrestricted funds and for endowed faculty chairs.
Before joining Lehigh, Dr. Brown spent over twenty years at New York University’s Stern School of Business where he held a variety of senior academic and administrative positions at both the school and university level. He served as the associate dean of NYU Stern’s executive MBA Programs, and prior to that served as chair of the Department of Accounting, Taxation and Business Law. He led many curriculum and programmatic strategic initiatives and reviews at both the department and school level during his tenure at NYU Stern. (Source)
2) Laura J. Moriarty, a prominent criminal justice scholar with long experience leading academic programs, has been named provost and vice president of Academic Affairs at Monmouth University, effective September 2, President Paul R. Brown announced Thursday.
Dr. Moriarty joins Monmouth University from her post as a tenured professor and vice provost for Academic and Faculty Affairs at Virginia Commonwealth University (VCU), a public research university serving more than 30,000 students. She will succeed Dr. Thomas Pearson, who is stepping down on August 29 after 22 years in the position.
“I am thrilled to accept the position of provost at Monmouth University,” Moriarty said. “I am eager to implement President Brown’s vision for academic excellence with the help of the extraordinary talent that exists across so many areas of the campus community.” (Source)
3) Officials representing Monmouth University and West Long Branch recently got a closer look at the new borough fire truck at the university.
Monmouth University and West Long Branch are sharing the cost of the $500,000 truck. The university has committed $250,000 in payments of $25,000 each year over the next ten years to help the borough pay for the truck.
The truck was specifically designed to be able to navigate through some narrow passageways on the Monmouth University campus so it can serve the university and the borough.
West Long Branch Mayor Janet Tucci, Councilman Fred Migliaccio, Councilman Chris Neyhart, Councilman Steve Cioffi, Councilman Jose Villa, Councilwoman Barbara Ruane and members of the West Long Branch Fire Department came to the campus on June 27 to show off the truck. (Source)
4) New Jersey students, generally known for their academic qualities, also earn high marks in generosity. Students in two N.J. counties collected a record 71,148 pounds of food and over $18,000 in the The FoodBank of Monmouth and Ocean Counties’ 7th annual Holiday Hunger Challenge.
“What a tremendous amount of food, and at a time when the need is most sorely felt,” FoodBank Executive Director Carlos Rodriguez said. “It is a pleasure to see students represented here for their tremendous success.”
The FoodBank honored students, teachers and administrators from dozens of schools in Monmouth and Ocean Counties on Wednesday afternoon for their efforts to help feed the hungry during the holiday season. Nina Siciliano, one half of the morning radio duo “Pork Roll and Eggs,” congratulated the students. (Source)
5) Monmouth University is a tax exempt organization located in West Long Branch, New Jersey. Donations to Monmouth University are tax deductible. This organization has been in operation for 56 years, which makes it significantly older than other nonprofits in the state. Monmouth University has significantly larger assets when compared to other nonprofits in New Jersey. This organization last reported to the IRS significantly more income than average compared to other nonprofits in New Jersey. (Source)