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Palm Beach Atlantic University Endowment Fund

Name: Palm Beach Atlantic University Development Office

Assets Under Management: $196.3 Million (Source: Palm Beach Atlantic University on 6/30/2012)

Annual Report: Palm Beach Atlantic University, Inc. Audit Report Package For The Year Ended June 30, 2012

Portfolio Insights: “Palm Beach Atlantic University, Inc. (the University) is a private, Christian, four-year, liberal arts university with its main campus in West Palm Beach, Florida and satellite campuses in Wellington and Orlando, Florida.

The University’s endowment is established for the purposes expressed in the University’s charter and consists of donor-restricted endowment funds and funds designed by the Board of Trustees to function as endowments.” (Source)

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Top Palm Beach Atlantic University Endowment Fund Headlines:

1) Palm Beach Atlantic University is pleased to announce it has received a $7,500 grant from the Community Foundation for Palm Beach and Martin Counties. The grant supports a research study of a threatened species of seagrass that is a key water quality indicator of a healthy ecosystem. This research has implications for estuaries around the state, particularly the Lake Worth Lagoon.

This study, which is made possible through a grant from a fund established by a donor at the Community Foundation, begins June 1. The University will use the grant funds for research supplies, equipment, and resources to disseminate findings. Associate Professor of Biology Thomas C. Chesnes, Ph.D. will lead the project and be assisted by research assistant, Kathryn Swick, a junior biology major at Palm Beach Atlantic. Dr. Chesnes and Swick also have received funding from Palm Beach Atlantic University for their research. (Source)

2) Palm Beach Atlantic University’s Dance Department was granted $10,000 to support the reconstruction of Jose Limon’s “There is a Time,” which will be performed by the PBA Dance Ensemble on November 21 at the Raymond F. Kravis Center for Performing Arts in West Palm Beach.

“It is an honor to have received this grant since it is a very competitive process and all the big dance schools, like Juilliard, applied,” said Demetrius Klein, resident artist in dance at PBA.

Palm Beach Atlantic was one of only 10 colleges in the country that was awarded grants through the American Masterpieces: Dance-College Component, a program of the National Endowment for the Arts, which is administered by the New England Foundation for the Arts (NEFA) and Dance/USA. The program is designed to get American masterpieces performed and “keep the works alive,” according to Klein, who assisted the students in the writing the grant. (Source)

3) Affirming the recommendation of the presidential search committee, Palm Beach Atlantic University trustees today elected William M. B. Fleming, Jr. as the University’s eighth president. Fleming, who had served as interim president for more than a year, officially begins his presidency on May 8, 2012.

Fleming, who joined Palm Beach Atlantic in 1992 as vice president of development, was appointed on March 4, 2011 to steward the University as interim president. Well known in higher education nationally, Fleming, 60, previously served in senior administrative posts at Wingate University and Guilford College, both in North Carolina. (Source)

4) Palm Beach Atlantic University’s Provost and Chief Academic Officer Dr. Joseph A. Kloba announced Craig Domeck as dean of the Central Florida campuses. Domeck joined the University’s Orlando campus in 2005 as assistant professor of management. For more than a year, he served as the interim dean at the Orlando campus, while still fulfilling his teaching assignments. Domeck is the founder and principal of 3-D Leadership, a consulting enterprise focusing on leadership development, strategic planning and coaching. He is also the editor of the Rollins Business Journal. (Source)

5) Dr. Gene C. Fant, Jr. became Palm Beach Atlantic’s provost and chief academic officer June 1, 2014.  Dr. Fant had served as executive vice president for academic administration and dean of the faculty at Union University in Jackson, Tenn., where he co-led the development of the Union 2015 Strategic Plan and served in a variety of other leadership positions.

Dr. Fant earned a bachelor of science degree from James Madison University, a master of arts in English from Old Dominion University and a master of divinity from New Orleans Baptist Theological Seminary.  While at the University of Southern Mississippi, he earned a doctor of philosophy degree in English literature and a post-doctoral master of education.

Additionally, he holds a certificate in educational management from Harvard University Graduate School of Education.  A prolific writer and speaker, he is a contributing blogger at The Chronicle of Higher Education and First Things; his most recent book is The Liberal Arts: A Student’s Guide (Crossway). (Source)

About Richard C. Wilson