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Nevada System of Higher Education Endowment Fund

Name: Nevada System of Higher Education

Assets Under Management: $608.1 Million (Source: Nevada System of Higher Education on 6/30/2014)

Annual Report: Nevada System of Higher Education Financial Statements June 30, 2014 and 2013

Portfolio Insights: “This section of the Nevada System of Higher Education’s (the “System”) annual financial information presents management’s discussion and analysis of the financial standing as of June 30, 2014. This section provides a brief overview of noteworthy financial activity, identifies changes in financial position, and assists the reader in focusing on significant financial issues that occurred during the year ended June 30, 2014, with comparative information as of June 30, 2013.

The System’s endowment funds consist of both permanent endowments and funds functioning as endowments or quasi-endowments. Permanent endowments are those funds received from donors with the stipulation that the principal remain inviolate and be invested in perpetuity to produce income that is to be expended for the purposes stipulated by the donor.” (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 Nevada System of Higher Education Endowment Fund Headlines:

1) The Nevada System of Higher Education (NSHE), the agency responsible for all public institutions of higher learning and research within the state, spends in excess of $130 million annually for goods and services with over 30,000 vendors. NSHE’s Board of Regents has delegated responsibility for overseeing this activity to two purchasing offices located in Business Centers, North and South. The Business Center North (BCN) Purchasing Department is responsible for purchases of supplies, equipment, services and construction for the Desert Research Institute, Great Basin College, Truckee Meadows Community College, University of Nevada, Reno, Western Nevada College, and System offices. (Source)

2) The Nevada System of Higher Education (NSHE) was formed in 1968 to oversee all state-supported higher education in the state of Nevada, including two doctoral-granting research universities, one state college, four community colleges and one research institute.

Approximately 98,000 students attend degree-granting campuses under NSHEs helm while the organization’s administrative component is made up of around 300 employees, led by an elected Board of Regents. 13 Board of Regents officials, each elected to six-year terms, set policies and approve budgets for Nevada’s entire public system of higher education. (Source)

3) February 2, 2015 – Nevada System of Higher Education, Reno, is searching for an investment consultant for its four defined contribution plans, said Michelle Kelley, retirement plan manager.

The system, whose DC plans have a combined $2.3 billion in assets, is conducting the search because the state requires the system put the services up for bid every three to five years, Ms. Kelley said. Current consultant Aon Hewitt Investment Consulting is invited to rebid. (Source)

4) Feb 4, 2014 – Moody’s Investors Service has assigned a Aa2 to Nevada System of Higher Education’s (NSHE’s or the system’s) $50.9 million of Universities Revenue Bonds, Series 2014A. The rating outlook is stable. At the same time, we have affirmed the system’s Aa2 issuer rating and long-term ratings on outstanding debt. The Aa2 reflects NSHE’s critical role as Nevada’s sole provider of public higher education and favorable performance providing good debt service coverage. (Source)

5) The Nevada System of Higher Education (NSHE) is a key partner in the successful implementation of the Nevada Academic Content Standards based on the Common Core State Standards, and all other academic content standards.  More rigorous standards like the Common Core Standards are good news for postsecondary educators – here’s why:

Students need to be college and career ready. All students graduating from high school college and career-ready is the goal of the standards like the Common Core. These standards are designed to prepare students for success in whatever they choose to do after graduation. (Source)

About Richard C. Wilson