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Pacific University Endowment Fund

Name: Pacific University

Assets Under Management: $256.8 Million (Source: Pacific University on 6/30/2014)

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

Portfolio Insights: “Pacific University (the University) was established through an act passed by the Legislative Assembly of the Territory of Oregon on September 26, 1849, for the purpose of establishing a seminary of learning, in Washington County, for the instruction of persons of both sexes in science and literature. The University is a private organization operating as an independent 501 (c) (3), and is a fully accredited institution of higher education.

The University’s endowment consists of approximately 168 individual funds, which are both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. 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 Pacific University Endowment Fund Headlines:

1) Pacific University’s College of Optometry will select its first Kamelia Massih Prize for a Distinguished Optometrist winner at graduation this May, thanks to a bequest from an alumna.

The university announced a $50,000 endowment from the estate of alumna Kamelia Massih on Thursday. Massih, a 1985 graduate of the optometry school, went on to open private practices in Beaverton and Portland. Her businesses enjoyed success for many years before her March 2010 death from cancer.

The award criteria are still being worked out, but a selection committee of university administrators will determine each year’s winner, university spokesman Joe Lang said. Community service will be heavily valued.

“It will be for a distinct graduate of the College of Optometry,” Lang said. “One who has provided exceptional professional care in the area of optometry, as well as community service distinctions that Dr. Massih embodied.” (Source)

2) Lesley M. Hallick began serving as president of Pacific University on Aug. 1, 2009, following a distinguished 32-year career at Oregon Health & Science University. With 20 years experience as chief academic officer, Hallick quickly became known for her leadership in the areas of equality, environmental stewardship and sustainability, innovative thinking and philanthropy.

She has nurtured the development at Pacific University of centers specializing in peace and spirituality and in sustainability. Hallick has overseen the growth of programs in the liberal arts and sciences, in education, and in health professions, as well as the establishment of Pacific’s College of Business. She also is guiding the development of a university strategic plan that will support continued growth in student enrollment.

Raised in California’s Santa Ana Valley, Hallick attended Orange High School, where she graduated valedictorian. She earned her bachelor’s degree in biochemistry from Pomona College in Claremont, Calif., graduating magna cum laude and Phi Beta Kappa. She studied at the University of Wisconsin Madison, where she received her doctoral degree in molecular biology. A Woodrow Wilson Fellow, Hallick has conducted an extensive research program in molecular virology and has authored numerous publications in tumor virology and viral genome structure. (Source)

3) Pacific University is a private, fully accredited university with more than 60 undergraduate fields of study and 16 graduate and professional programs. With colleges in the Arts & Sciences, Optometry, Education, Health Professions and Business, our four Oregon campuses draw nearly 3,600 students a year.

Half of those are students in our graduate and professional programs, which range from master’s and doctoral programs in the health professions to weekend courses leading to an MBA.

Just like our undergraduate programs, Pacific’s graduate experience is rooted in small classes, a nurturing learning environment and personal attention. Our students learn from some of the top faculty in the world — experts in their fields who are devoted to teaching. (Source)

4) Oregon’s Pacific University is the oldest chartered university in the West. The Oregon Territorial Legislature granted its original charter as the Tualatin Academy on Sept. 26, 1849. The charter predates statehood by 10 years, and was the first formal act of the territorial government.

Pacific founders were also instrumental in the 1843 vote at Champoeg, which resulted in the formation of the Oregon Provisional Government, the first American government on the Pacific Coast.

The school traces its roots to a log cabin meeting house in Forest Grove where the Rev. Harvey Clark, a Congregationalist minister, and Tabitha Brown, a former teacher from Massachusetts, cared for and educated orphans of the Oregon Trail. The University issued the first baccalaureate degree in the region in 1863 to Harvey W. Scott, later the editor of The Oregonian. Pacific’s Old College Hall, built in 1850, housed the original academy and is the oldest educational building in the West. (Source)

5) Pacific University’s College of Optometry has received a bequest from the estate of late alumna Kamelia Massih (OD ’85) to create a permanent endowment that will fund the Kamelia Massih Prize for a Distinguished Optometrist. The annual prize will be the principal honor recognizing an alumnus who has made a significant impact on the profession. The first award will be announced at the University’s commencement ceremony on Saturday, May 21. “Pacific University will benefit immensely from the generosity of Kamelia Massih and her extended family,” President Lesley Hallick said. “Through this gift, Dr. Massih’s family carries forth her legacy of excellence in serving patients and others in need. Kamelia made a positive difference in the lives of so many, and will continue to do so indefinitely through this endowment. On behalf of the entire University community, we are most grateful.” (Source)

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