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Northeastern University Endowment Fund

Name: Northeastern University

Assets Under Management: $947.4 Million (Source: Northeastern University on 6/30/2013)

Annual Report: Northeastern University Consolidated Financial Statements June 30, 2013 and 2012

Portfolio Insights: Founded in 1898, Northeastern University (“the University”) is one of the largest private urban universities in the United States. It is a world leader in experiential education, an academic approach that integrates study and practice to provide a more powerful learning experience. The University is also a leader in the production of use-inspired research that meets societal needs. Northeastern grants associate, bachelor, master and doctoral degrees. The University attracts students from all 50 states within the United States and more than 125 countries.

The endowment includes both donor-restricted funds and funds designated by the Board of Trustees (the Board) to function as endowments. The net assets associated with endowment funds including funds designated by the Board to function as endowments, are classified and reported based on existence or absence of donor imposed restrictions.” (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 Northeastern University Endowment Fund Headlines:

1) Jul 30, 2012 – Northeastern University is preparing to raise another $50.9 million in debt this month amid questions over whether its tuition and boarding costs, which have spiked by 19 percent since fiscal 2008, have neared an unaffordable point among price-sensitive families sending their kids off to college. The Boston-based university’s planned bond sale is expected to close Aug. 27, according to a credit analysis by Moody’s Investors Service. A Northeastern spokeswoman said proceeds from the new offering will be used to pay off existing debt, meaning Northeastern will carry some $839 million in comprehensive debt — defined as borrowings, operating leases and pension obligations — after the transaction closes. Moody’s has assigned an A2 rating to Northeastern’s borrowings, two notches below its top investment grade, and predicted a stable outlook for the university going forward. (Source)

2) Northeastern University has multiple sustainability committees that have worked on a range of initiatives, including the recent completion of the campus climate action plan. Three full-time staff members in the Office of Sustainability and Energy Management oversee environmental initiatives on campus. The university regularly purchases Energy Star appliances, EPEAT-certified computer products, and environmentally preferable paper products. (Source)

3) Chartwells workers at Northeastern University have won the union they fought for with an overwhelming 86% of workers voting ‘yes’. Their fight is an outstanding example that even in the midst of national economic uncertainty, right wing attacks on workers, and face-to-face management intimidation, when workers and community come together to fight for what’s right, they win.  They didn’t do it in a day, however, and much less alone. The workers today are in tears because getting to the point where they could let go of their fears and speak out was a challenge alone, and they couldn’t have done it without the outstanding support from the student body on campus that organized themselves into a coalition of dozens of students groups collectively calling themselves Huskies Organizing With Labor (HOWL). (Source)

4) Northeastern University’s endowment posted a strong 16.8 percent return in the most-recent fiscal year, just one of the school’s financial highlights during an otherwise challenging stretch for the higher-education sector as a whole. The investment performance corresponded with a 7 percent increase in Northeastern’s net tuition revenue, or the amount it generates from student tuition after accounting for aid discounts on an annual basis. That figure, which totaled $688.7 million in the fiscal year that ended June 30, represented around two-thirds of Northeastern’s total revenue of $1 billion. Last year marked the first time that Northeastern’s total revenue exceeded the $1 billion threshold, having grown by around 6 percent over fiscal 2013’s total. (Source)

5) The Northeastern University Real Estate and Investment Club focuses on analyzing the Boston Real Estate market, exploring investment opportunities for students, and what areas of the city are hot to buy in.  We also examine the most effective way to market and promote real estate rentals and investment opportunities.  Our typical meeting consists of a guest speaker from different aspects of the real estate industry throughout Boston; including CEOs of Residential Real Estate Companies, Mortgage Specialists, Commercial Real Estate Specialists, Capital Markets Specialists and Investors.  Most of our guest speakers have networking opportunities, internship opportunities, co-op opportunities and full time positions available for those interested.(Source)

About Richard C. Wilson