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Pace University Endowment Fund

Name: Pace University

Assets Under Management: $593.1 Million (Source: Pace University on 6/30/2014)

Annual Report: Pace University Financial Statements June 30, 2014 and 2013 (With Independent Auditors’ Report Thereon)

Portfolio Insights: “Pace University (the University) is an independent, coeducational, nonsectarian, not-for-profit institution of higher education with campuses in New York City and Westchester County. The University was founded in 1906 and was granted college status in 1948 by the New York State Board of Regents.

The University’s endowment consists of 392 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments (quasi-endowments). As required by U.S. GAAP, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

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Top Pace University Endowment Fund Headlines:

1) Pace University has received the third largest gift in its 100-year history, courtesy of the Dyson Foundation.

The $7.5 million grant, the largest among the major gifts marking the foundation’s 50th anniversary, reflects a partnership between the Dyson family and Pace that began 75 years ago in 1930 when Charles H. Dyson graduated. Dyson became a pioneer in leveraged buyouts, was founder of the privately held investment firm Dyson-Kissner-Moran, undertook government assignments during the administration of Franklin D. Roosevelt, and served as Chairman of Pace’s Board of Trustees.

The gift will be formally announced by Charles Dyson’s son, Robert R. Dyson, Chairman and CEO of Dyson-Kissner-Moran and President of the Dyson Foundation, at a celebration ceremony in Dyson Hall on Pace’s Pleasantville campus Thursday, February 1 at 12:30 PM. The ceremony is open to all Pace alumni as well as present students, faculty and staff. (Source)

2) Pace University’s President, David A. Caputo, says the federal role should be Insisting that colleges and universities have self-assessment plans, and Providing financial incentives for developing appropriate assessment techniques that measure how well each institution meets its own goals for its students. (Source)

3) Jun 4, 2000 – Patricia O’Donnell Ewers, Pace University’s first female president, is stepping down on July 15. Dr. Ewers has been at the helm of Pace since July 1990. Her accomplishments include the completion of a $55 million fund-raising effort; increasing the university’s endowment to $100 million; developing resources and infrastructure for information technology; and renovating dormitories and academic buildings at the university’s campuses in Pleasantville and Manhattan. (Source)

4) Pace University is an independent, comprehensive New York institution of higher education boasting six colleges and schools and nearly 13,000 students (over 7,000 full-time). Pace has multiple campuses in two distinct settings – the excitement and vibrancy of New York City and the benefits of a suburban setting in Westchester County, New York.

Pace is classified as a Doctoral Research University in The Carnegie Classification of Institutions of Higher Education. The University is committed to its motto: Opportunitas—the tradition of providing access to a first-rate education for people who range widely in age, ethnicity, background and academic preparation. Approximately 20% of students come from outside the New York Metropolitan Area, and approximately 1,000 are from countries outside the U.S. (Source)

5) Pace University in New York City has announced a $15 million gift from Verizon Communications chairman and CEO Ivan G. Seidenberg, an alumnus and trustee, for the School of Computer Science and Information Systems, which will be renamed in his honor.

The largest gift in the university’s history will create a scholarship program in which selected students have regular discussions with Seidenberg and other leaders in the computing and information systems industry. The Seidenberg Scholars, as they will be known, will also receive tuition assistance and laptops, participate in special mentoring sessions and group projects with faculty members, and have opportunities for summer travel, internships, and courses. The gift will also support the Seidenberg School’s endowment. (Source)

About Richard C. Wilson