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Muskingum University Endowment Fund

Name: Muskingum University

Assets Under Management: $145 Million (Source: Muskingum University on 6/30/2014)

Annual Report: Muskingum University New Concord, Ohio Financial Statements June 30, 2014 and 2013

Portfolio Insights: “Muskingum University (“University”) is a private not-for-profit educational institution. The University’s endowment consists of mutual funds held primarily at Vanguard Investment Services, as well as, hedge and private equity funds held with other investment managers. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by applicable standards, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

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Top Muskingum University Endowment Fund Headlines:

1) Muskingum University has an operating budget of approximately 50 million dollars each year. Undergraduate students pay approximately $24,000 for tuition which only covers about 75 percent of that operational cost. The university makes up for the gap with “private gifts and grants”, the “Annual Fund” which is provided by alumni donations, and the “endowment draw”.

According to Vice President for Business and Finance James Wilson, Muskingum University has a large endowment considering the size of the institution, but they aim to keep it that way by drawing only what they need.

“You don’t want to set your draw percentage too high so that you’re stealing from future generations, it’s what they call intergenerational equity,” said Wilson. (Source)

2) The mission of Muskingum University is to offer quality academic programs in the liberal arts and sciences in the setting of a residential, coeducational, church-related college and in the context of a caring community where individual fulfillment is encouraged and human dignity is respected. Its primary purpose is to develop—intellectually, spiritually, socially and physically—whole persons, by fostering critical thinking, positive action, ethical sensitivity and spiritual growth, so that they may lead vocationally productive, personally satisfying and socially responsible lives.

Muskingum University, located in east-central Ohio, is easily accessible by major east-west and north-south highways. The village of New Concord, Muskingum’s home town, is located on US 22 and 40, along Interstate 70, 115 miles west of Pittsburgh and 70 miles east of Columbus. US Interstates 77 and 70 intersect ten miles east of New Concord near Cambridge; Zanesville is sixteen miles to the west. (Source)

3) Dr. Anne Steele, the 2015 Remarkable Woman of the Present, became the 20th president of Muskingum University Jan. 1, 2000. She was selected for the office that in Muskingum’s 163 years had been held only by men.

Since Steele’s arrival on the Muskingum campus, her vision to improve and increase the availability of a college education to potential students has produced a dramatic change in the overall design of the campus to provide venues for new and improved courses of study.

“Three things I want you to know about Anne Steele,” said Sanford. “She is an analytical visionary with the ability to anticipate, determine and respond, and have the resources to complete any project she begins.” (Source)

4)  Muskingum University has announced a new major in petroleum geology, adding to current majors in geology, environmental science, conservation science and earth science. Muskingum also offers minors in earth science and geology.

“Graduates of this new program will be needed to fill jobs within the growing oil and gas industry or in governmental agencies,” said Dr. Stephen R.Van Horn, associate professor of geology at Muskingum. Graduates might also choose to pursue a graduate degree, Dr. Van Horn explained.

The new major builds upon the strengths of Muskingum’s current geology department. Courses in Introduction to Well Logging, Sedimentary Petrology, Petroleum Geology and Subsurface Geology have been added to the existing curriculum to create this new academic offering.

The U.S. Bureau of Labor Statistics indicates that employment for geoscientists is projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations. “The need for energy, environmental protection and responsible land and resource management is projected to spur demand for geoscientists in the future,” according to the Bureau’s Occupational Outlook Handbook. (Source)

5) Muskingum University hosted an educational conference for teachers and the greater community on Friday at the Pritchard Laughlin Civic Center in Cambridge.

At the event, the keynote speaker related neuroscience research to the different ways children learn in a classroom .

“The field that I work with is a thing called differentiation instruction,” said Dr. Carol Ann Tomlinson. It talks about how to think about different needs kids might need in a classroom at the same time and how to be able to structure class so different kinds of kids keep growing from their starting point.”

More than 400 prospective teachers, educators and community members came to hear Tomlinson speak . Tomlinson is an author of more than 200 books and many of her works are used as teaching tools at Muskingum University. (Source)

About Richard C. Wilson