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Mount Allison University Endowment Fund

Name: Mount Allison University Investment Committee

Assets Under Management: $247.4 Million (Source: Mount Allison University on 4/30/2013)

Annual Report: Mount Allison University Financial Statements April 30, 2013

Portfolio Insights: “Mount Allison University operates under the authority of the Mount Allison University Act, 1993, a special act of the Legislative Assembly of the Province of New Brunswick. The University is dedicated to providing a rigorous liberal education of high quality primarily to undergraduate students in a co-educational, intimate, residential environment.

The Endowment Expendable Fund accounts for investment income earned on the endowment principal that has been spent on restricted purposes. It also accounts for income on internally restricted or unrestricted endowments which is reported in the Special Program Operating Fund and then transferred to the Endowment Expendable Fund by way of interfund transfer.” (Source)

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Top Mount Allison University Endowment Fund Headlines:

1) Dec 9, 2014 – The Mount Allison University endowment is worth $140 million and the university investment policy does not currently screen investments for environmental sustainability.

As part of the same motion, the MAFA membership also voted to direct its representatives on the university pension advisory committee to investigate the possibility of providing pension plan members with ethical investment choices, including an investment fund focusing on renewable energy. (Source)

2) Mount Allison University is strongly supportive of the Premier’s agenda to create a self-sufficient New Brunswick that comprises a world-class post-secondary education system. Indeed, Mount Allison has been relentlessly committed to providing academic excellence and an exceptional experience for its students and we are resolved to deepen this commitment in the coming decades. (Source)

3) A Bermudian alumnus of New Brunswick’s Mount Allison university has made a fine art out of quietly donating to his alma mater – allowing the campus gallery to become the best of its kind in Canada, according to a Maritimes newspaper today [Jan 1].

Former Cabinet Minister and accomplished Bermudian artist Robert Barritt — a 1950 Mount Allison graduate — has contributed to the Robert Owens Art Gallery in recent years. His generosity is cited by the “Telegraph-Journal” as being instrumental in helping  the country’s first university gallery regain its preeminent position as “by far the best gallery of its sort in Canada, and maybe the best gallery, period.”

Mr. Barritt, also a generous donor to Bermuda charities, was born in 1927 and educated Mount St. Agnes and Saltus. He served as Bermuda’s Minister of Community & Cultural Affairs between 1986 and 1989. He spent four years at Mount Allison, where he was awarded the school’s mural decoration award in 1949 and 1950, the same year he graduated. (Source)

4) Dr. Robert Campbell became Mount Allison’s 14th President and Vice-Chancellor on July 1, 2006.

He is currently serving his second five-year term. He began his career at Trent University, where he was provost and dean of arts and science, founder of the Trent International Program with Jack Matthews, and awarded the Symons Teaching Award. He was dean of arts at Wilfrid Laurier University before coming to Mount Allison.

Dr. Campbell currently serves on the boards of a number of professional organizations, including the Association of Universities and Colleges of Canada, the Atlantic Association of Universities (which he chaired 2010-11 to 2012-13), the Atlantic Institute of Market Studies (vice-chair), and the Canadian Association of Accredited Independent Schools (CAIS). He has been named a Top 50 CEO by Atlantic Business Magazine on three occasions. (Source)

5) Mount Allison University understands leadership as a purposeful and collaborative process that fosters integrity, authenticity, and openness.

Leadership Mount Allison is designed to serve our diverse communities and involves a broad network of individuals in program delivery. It provides integrative opportunities to learn about leadership; develop a personal leadership philosophy; apply and practice leadership skills; and attain leadership competencies within a variety of academic and co-curricular contexts. Through support for shared initiatives by students, faculty, staff, and community partners, Leadership Mount Allison helps to sustain an engaged university environment. This leadership process promotes respectful dialogue, informed action, and honest self-reflection, to cultivate mutual understanding and personal growth. (Source)

About Richard C. Wilson