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Moravian College Endowment Fund

Name: Moravian College

Assets Under Management: $213 Million (Source: Moravian College on 6/30/2013)

Annual Report: Moravian College’s Financial Report 2012-2013

Portfolio Insights: “The 2013 financial statements for the College and Theological Seminary reflect Moravian’s continued commitment to balance resources with spending in a challenging economic environment. The College undergraduate program and Seminary both experienced lower applications and enrollments over the past year while the graduate program enrollments remained steady.

The College’s investments are comprised of a variety of financial instruments and are managed by investment advisors. 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.” (Source)

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Top Moravian College Endowment Fund Headlines:

1) Moravian College was recently ranked in the top 20 percent of colleges and universities nationwide in Educate to Career’s index of Best Value Colleges for 2014. Moravian College was ranked 234 out of 1,222 institutions nationwide and highest among Lehigh Valley colleges.

Founded last year, Educate to Careers is a California-based nonprofit organization that provides outcome-focused tools that enable high school students and their parents to make informed, objective college and career-planning decisions. (Source)

2) Bryon L. Grigsby ’90 returned to his alma mater and began his tenure as 16th president of Moravian College and Moravian Theological Seminary on July 1, 2013. During his first year, Grigsby has led the Moravian through a number of important initiatives that have improved and developed the academic programs, upgraded facilities, and greatly enhanced the technology infrastructure on campus. The College is also developing a new strategic plan to guide its focus for the next five years.

One of Grigsby’s first initiatives was to integrate technology and the classroom to enhance the learning experience for students and faculty. He developed a program to issue a MacBook Pro® laptop and an iPad® to all new undergraduate students entering in the fall of 2014. The program facilitates the “classroom flip” model of learning in which students access online lectures and resources outside of class, allowing professors to spend more time working directly with students in the classroom. The College has also implemented a state-of the-art wireless mesh network that encourages collaborative knowledge sharing environment designed for interactive learning anywhere on campus. (Source)

3) Moravian College in Bethlehem had an endowment of $66.3 million in 1998. It had grown to $86 million by 2000. By last June, it had fallen back to $67 million.

Until now, colleges hadn’t suffered two consecutive years of endowment losses since the early 1970s. The prospect of a third bad year casts a pall in budget offices because the money they can take from endowments to help run the schools is usually based on a three-year average of the endowment’s value. (Source)

4) The $72 million Moravian College endowment is looking for a small-cap core manager to handle a 10% allocation. “All the big firms have closed their small-cap core funds,” said Anne Reid, treasurer. “Our current manager has not hurt us but it has not beaten the indices in recent years.” Reid declined to name the current small-cap manager, and also requested that managers not contact the school until the search officially begins in eight-to-twelve months. (Source)

5) Moravian College men’s basketball coach Jim Walker made 16,022 free throws during his 24-day marathon to raise money for Coaches vs. Cancer. Walker started the marathon on Jan. 20 and set aside one hour per day for the next 24 days to shoot free throws. Each day, he’s had a student, coach or staff member as his rebounder. He requested a $1 donation for every 1,000 made shots. Walker will donate all the money raised to the National Association of Basketball Coaches vs. Cancer initiative. (Source)

About Richard C. Wilson