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Niagara University Endowment Fund

Name: Niagara University

Assets Under Management: $244.5 Million (Source: Niagara University on 5/31/2012)

Annual Report: Niagara University Consolidated Financial Statements as of and for the Years Ended May 31, 2007 and 2006, and Independent Auditors’ Report

Portfolio Insights: “Niagara University (the “University”) is an independent, coeducational institution offering undergraduate programs through its Colleges of Arts and Sciences, Business, Education, and Hospitality and Tourism Management. Master’s degree programs are offered through the Graduate Divisions of Arts and Sciences, Business and Education.

Investments are reported at fair value. The fair value of investments is determined by reference to various market data and/or as reported by the University’s outside independent investment managers. The fair value of instruments approximates their recorded values, except for alternative investments for which quoted market prices are not available.” (Source)

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Top Niagara University Endowment Fund Headlines:

1) Five Niagara University alumni  work to raise $5 million for the Vincentian Endowment Challenge to support. St. Vincent de Paul was an educator and an evangelist who dedicated his life in service to the poor. He was also an accomplished fundraiser. It is this aspect of St. Vincent’s charism that five Niagara University alumni are emulating as they work to raise $5 million for the Vincentian Endowment Challenge.

Last year, Scott Fina, ’80, and Teresa Niedda, ’84, co-assistant directors of the Vincentian Solidarity Office, invited fellow Niagara alumni Joseph Lesenko, ’80, and Patrick Glemser, ’86, to join a committee that also included Father Sy Peterka, C.M., ’72 (who has successfully conducted annual appeals for the Vincentians in Africa over the past several years), and Father Miles Heinen, C.M., VSO executive director. The committee was charged with raising funds toward a $5 million challenge grant that will create patrimony (endowment) funds to support Vincentian vocations and ministries in several provinces and vice-provinces of the Vincentians in Africa, Latin America, and Eastern Europe. (Source)

2) A $1 million gift from a Vincentian community will be used to establish an endowed scholarship fund at Niagara University, officials announced Tuesday.

The gift is from the Eastern Province of the Congregation of the Mission and represents proceeds from the sale of a retreat house in Michigan, according to a university spokesman.

It will help the university recognize and offer new scholarships to incoming students in good academic standing and with a demonstrated affinity, through participation in service activities in high school, to the university’s Catholic Vincentian mission. The scholarship also will be available for incoming freshmen or current Niagara students who are part of the international Vincentian community. (Source)

3) Niagara University announced Peter van Inwagen, one of the world’s leading philosophers, will deliver this year’s Albertus Magnus Lecture on Thursday, Oct. 20. The free event, presented by NU’s philosophy department, will begin at 5:15 p.m. in the university’s Castellani Art Museum. The address will be focused on the coherence of the Judeo-Christian and Islamic doctrine of the resurrection of the body. (Source)

4) 03/21/13 – The Rev. Joseph L. Levesque, Niagara University president, was presented with a Service Award in December from the Turkish Cultural Center at Buffalo and the Peace Islands Institute in recognition of exemplary services and contribution to the service learning education in fighting poverty.

The Turkish Cultural Center and the Peace Islands Institute co-organized its Fourth Annual Friendship Dinner and Awards Ceremony on Nov. 26, which brought academics, elected officials and other community leaders together to promote diversity, peace and mutual understanding through dialogue. Father Levesque was unable to attend this year’s event, prompting his receipt of the award on Dec. 7.

According to its website, in line with the spirit and passion of the Turkish-American community, the Turkish Cultural Center is dedicated to fostering national and global peace, harmony and security through promotion of education, intercultural understanding, democracy and respect for human rights and dignity. (Source)

5) A gift of $2 million was made Monday to Niagara University by James and Mary Glynn and their family. The university announced the gift during an afternoon media conference. The money will go toward “The Promise of Niagara,” the university’s ongoing $80 million capital-raising campaign.

Specifically, it will support the new Vincentian Scholars Program, which will award an annually renewable $5,000 scholarship to three incoming first-year students. University officials did not say whether the scholarship will be awarded based on merit or financial need.

Students participating in the new program will be involved in a four-year curriculum whereby students will assist local, regional and national organizations working with poor and oppressed individuals. A full-year clinical internship is set to take place during the students’ fourth year of college. In addition to the scholarship program, the funds will support the atrium in Bisgrove Hall, which will be named the Glynn Family Atrium, university officials said. (Source)

About Richard C. Wilson