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Pomona College Endowment Fund

Name: Pomona College

Assets Under Management:  $1.87 Billion (Source: Pomona College on 2/28/2013)

Annual Report:  Pomona College Endowment & Investment Information Sheet

Portfolio Insights: “The Pomona endowment invests in a highly diversified mix of assets, including U.S. and non-U.S. equities, emerging markets, and fixed income, as well as non-marketable equity assets such as venture capital, private equity, absolute return strategies, and real assets such as marketable hard assets, private real estate, timber, and energy.

Pomona’s total Pooled Investments are comprised of the Endowment Fund (approx. 95%), the Restricted Fund (less than 1%), the Annuity Fund (approx. 5%), and the Endowment Trusts Fund (currently zero).” (Source)

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Top Pomona College Endowment Fund Headlines:

1) Pomona College is a small private liberal arts institution in Claremont, California. It was founded in 1887, and current enrollment is approximately 1,500. Pomona is the founding member of The Claremont Colleges, a consortium of seven independent institutions of higher learning. Its endowment is made up of gifts from alumni and foundations, supplements tuition and room—and—board fees paid by students to make up the large difference between college expenses and the cost of attending Pomona. Each year approximately five percent in total value of the Endowment is spent, which covers close to 30 percent of Pomona’s annual operating costs. (Source)

2) Pitzer College President Laura Skandera Trombley announced Saturday, April 12 that the college will divest nearly all its endowment from fossil fuel funds by the end of this year. Divestment, which Pitzer’s Board of Trustees approved unanimously April 5, is part of a larger climate action plan that the college is undertaking. Pitzer is the first college to divest in Southern California, and—with an endowment of $125 million—has the largest endowment of any institution to divest to date. The announcement, made at a press conference in Los Angeles, came after the Board of Trustees postponed making a decision last October, instead creating a task force composed of students and faculty and staff members to further consider Pitzer’s approach to climate change. Pitzer trustee Donald Gould PO ’79, who spoke on Saturday, served as the chairman of the task force.

“It is remarkable—both the breadth of what we’ve come up with as well as the speed with which we’ve made this action,” Gould said after the announcement. “Climate action is urgent, and we are treating it urgently. We are not talking about 2050 or even five years from now; we are divesting most of it this year.” (Source)

3) In 1988, Occidental’s endowment was $130 million, which placed it 75th among the nation’s colleges and universities. Pomona College had $242 million and ranked 47th. By 1998, Occidental also had $242 million and ranked 133rd, but Pomona’s had grown to $675 million. In 2011, Oxy had $342 million and ranked 187th. Frugal Pomona had accumulated $1.7 billion and ranked 41st. (Source)

4) Pomona College has already had, and continues to have, an on-campus Internship Program, the Pomona College Internship Program (PCIP), which sponsors 160 students every year to do internships with Southern California companies, non-profits, and others. These ,as well as related travel expenses, are subsidized by Pomona College.

As Pomona continues to attract a more career conscious student body, the demand for these internships continue to grow. Every year, there are a few students who are rejected due to lack of funding. The Daring Minds Campaign hopes to eliminate any rejection due to this. One of the new programs, created in the Summer of 2011, is Summer Internship Program (SIP). Over the last three summers, more than 80 students have had their unpaid, or low paid, summer internships funded for by Pomona College, including 14 international internships. The growth of the program has been substantial- this summer, 47 internships were funded (more than the combined number in 2011 and 2012), including 8 international internships. (Source)

5) Pomona College is recognized as one of the nation’s most prestigious liberal arts colleges. Its academic reputation is virtually unsurpassed, and its membership in the Claremont Colleges Consortium, of which it was the founding member, adds significantly to its already-robust academic resources and international reputation.

To ensure the College’s continued intellectual and co-curricular vibrancy, the College seeks a vice president for advancement to lead its external relations program to new and ambitious levels of productivity. (Source)

 

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