Name: Presbyterian College
Assets Under Management: $149.9 Million (Source: Presbyterian College on 6/30/2010)
Portfolio Insights: “Presbyterian College (the “College”) is a private, residential, baccalaureate institution related to the Presbyterian Church (U.S.A.), located in Clinton, South Carolina. Founded by William Plumer Jacobs in 1880, the College provides a liberal arts education within a community of faith, learning, and intellectual freedom.
The College’s endowment consists of approximately 725 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)
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Top Presbyterian College Endowment Fund Headlines:
1) The compelling purpose of Presbyterian College, as a church-related college, is to develop within the framework of Christian faith the mental, physical, moral, and spiritual capacities of each student in preparation for a lifetime of personal and vocational fulfillment and responsible contribution to our democratic society and the world community. (Source)
2) Dr. Claude C. Lilly assumed the role of President of Presbyterian College on July 15, 2012, after serving as Dean of Clemson University’s College of Business and Behavioral Science since 2007. A Georgia native, Dr. Lilly earned his bachelor’s degree, a master’s degree, and his doctorate in risk management from Georgia State University. He brings to the PC community extensive administrative and teaching experience, including posts at Texas Tech University, the University of Southern California, Florida State University, and as Dean of the Belk College of Business Administration at the University of North Carolina at Charlotte.
Though most of his experience before coming to PC was at large institutions such as Florida State and Clemson, Dr. Lilly has always had a passion for small, private liberal arts colleges. After just a few months at PC, this passion has translated into a clear understanding of the “PC spirit” and a clear direction for the College’s future. (Source)
3) The PC Volleyball Team is taking part in the 2013 Walk to Cure Diabetes in Columbia, SC on November 3, 2013. Fans are encouraged to join them Saturday or support them with a donation. To donate, go to http://www2.jdrf.org/site/TR?fr_id=2464&pg=entry and search for PC Volleyball. Fans can donate on behalf of their favorite player or make a team donation.
The Blue Hose are supporting this cause for senior middle blocker Andrea Barman, who has Type 1 Diabetes. Type 1 diabetes (T1D) is an autoimmune disease in which a person’s pancreas stops producing insulin—a hormone essential to the ability to get energy from food. It strikes both children and adults suddenly and changes life as they know it forever. T1D causes lifelong dependence on injected or pumped insulin and carries the constant threat of complications. T1D cannot be prevented and there is no cure. (Source)
4) Presbyterian College is a liberal arts college based in South Carolina, US. The compelling purpose of Presbyterian College is to develop the mental, physical, moral, and spiritual capacities of each student, within the Christian framework.
In Q1 2011 Presbyterian College Endowment submitted a redemption request to Grosvenor Capital Management. Its reason for redeeming from the fund was because it felt it could get better returns with a different manager and it felt that the fund was too conservative. At this time it was using the help of its consultant, Towers Watson, to look for a new fund of hedge fund manager to allocate to. It expected to find a new investment by the second quarter of the year. (Source)
5) Presbyterian College presented the 2014 Honorary Alumna Award posthumously to Mary Hopper Staton, of Lexington, S.C. The award was accepted by Mary’s husband, Bob, on her behalf at the Alumni Association’s Award Celebration.
The Honorary Alumni Award is given to those who did not attend PC, but who have always treated PC like their own alma mater and have brought honor to the College by doing so.
During her lifetime, Staton was a true supporter of Presbyterian College. She and her husband have been long-time members of the Scotsman Club and PC Fund at the leadership level and created “The Staton Family Scholarship.”
The couple has made significant contributions to many areas of campus, including the construction of Spradley Hall and Lassiter Science Hall, the floor in Templeton Center, the D1 Athletic Scholarship fund and the locker room fund. Bob and Mary were members of the William Plumer Jacobs Society as Bell Tower Society level members. (Source)