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Queens University of Charlotte Endowment Fund

Name: Queens University of Charlotte

Assets Under Management: $222 Million (Source: Queens University of Charlotte on 6/30/2012)

Annual Report: Queens University of Charlotte Financial Statements and Supplementary Information Year Ended June 30, 2012

Portfolio Insights: “Queens University of Charlotte (the “University”) is a private, co-educational, Presbyterian-affiliated comprehensive university with a commitment to both liberal arts and professional studies. The University’s investments include various types of investment securities and investment vehicles. The University records all marketable equity securities and all debt securities at fair value, with realized and unrealized gains and losses being reported in the statement of activities.

The University’s endowment is a subset of Investments as reported on the Statement of Financial Position and consists of approximately 42 individual donor-restricted funds established for a variety of purposes. As required by generally accepted accounting principles (GAAP), net assets associated with endowment funds are classified and reported based on donor-imposed restrictions.” (Source)

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Top Queens University of Charlotte Endowment Fund Headlines:

1) Queens University of Charlotte has landed a $2.2 million federal grant to help ensure that students complete their degree programs.

The Department of Education Title III “Strengthening Institutions” grant is designed to help colleges and universities increase student retention rates.

The money, which will be disbursed over five years, will be used to strengthen academic support services, including computer software used to track students who might be at risk of leaving college. It will also establish an endowment fund to keep efforts going after the grant expires. (Source)

2) Thanks to Porter Byrum’s matching challenge and 43 generous donors, an additional $5 million in scholarship funding is now available to Queens students.

Increasing scholarship resources so that Queens can continue to attract and support bright, talented students is key to the university’s strategic plan. In 2011, Porter B. Byrum gave $20.9 million – the largest single gift in Queens’ history – to support endowed scholarships.

To further magnify the impact of Mr. Byrum’s gift, Queens University of Charlotte issued the Byrum Endowed Scholarship Challenge. Through this challenge, $5 million was offered as a 1:1 match to donors who made new commitments of $50,000 or more to a new or existing endowed scholarship fund. (Source)

3) Alex Porter, founder of hedge fund Porter Olin and a Queens University of Charlotte trustee, will moderate the event, which will include managers from funds such as Levy Harkins, Chilton Investment Co. and Wyper Capital. Analyst Charles Anderson — formerly with Tiger Management, once one of the largest hedge funds in the world — will also be on hand. “To me, it’s the best opportunity for people here in Charlotte who are really interested in investing,” says Hugh McColl Jr., the school’s namesake. “If they miss this, they’re going to miss something they’ll never see again.” (Source)

4) Dr. Pamela Davies has been president of Queens University of Charlotte since July 2002. During her tenure as the 20th president of the institution, she has distinguished herself through her commitment to providing innovative and high quality education and building community partnerships that enhance the educational experience of Queens students.

Dr. Davies has utilized her professional expertise in competitive and marketing strategy to lead student recruitment efforts that have doubled the student body. In addition, she spear-headed the creation of four academic units-the Cato School of Education, the Knight School of Communication, the Presbyterian School of Nursing, and the Blair College of Health. The Queens campus has been transformed through investments in infrastructure including new academic buildings, athletic and student recreation facilities and residential housing. (Source)

5) Duke Energy Corp. Chief Executive Jim Rogers and his wife, Mary Anne, have donated $4.1 million to Queens University of Charlotte. The funds will be used to add a science and health building to the Myers Park campus.

The 56,000-square-foot Rogers Science and Health Building, named for the couple, will house the school’s programs in biology, chemistry, mathematics and environmental science. It also will contain the administrative offices for the Blair College of Health.

Construction of the $17.4 million building is slated to begin in May with completion scheduled for fall 2012. (Source)

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