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Rensselaer Polytechnic Institute Endowment Fund

Name: Rensselaer Polytechnic Institute

Assets Under Management: $655 Million (Source: Rensselaer Polytechnic Institute on 8/6/2013)

Annual Report: Union Annual Report FY 2015 – Rensselaer Union

Portfolio Insights: “Our Student Union is unique. It is the only student-funded and student-run union in the country associated with a private institution. The President of the Union (PU) is elected by the student body and selects an Executive Board of fifteen students to create and manage the Student Union’s $4.3 million budget. The Executive Board is responsible for clubs, facilities, and budgets, and ensures that the Student Union’s resources are fairly distributed among the various student groups.

The Union Annual Report (UAR) was created to increase transparency in student government. By making available the details of each budget, the UAR holds the Executive Board accountable to the student body. The UAR contains information on Student Union expenses, sources of revenue, and the process by which the Executive Board calculates the Activity Fee.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top Rensselaer Polytechnic Institute Endowment Fund Headlines:

1) Rensselaer Polytechnic Institute is a private institution that was founded in 1824. It has a total undergraduate enrollment of 5,452, its setting is suburban, and the campus size is 296 acres. It utilizes a semester-based academic calendar. Rensselaer Polytechnic Institute’s ranking in the 2015 edition of Best Colleges is National Universities, 42. Its tuition and fees are $47,908 (2014-15).

Rensselaer Polytechnic Institute was founded on the principles of bringing science to everyday life, and that ethos is still prevalent today. About a quarter of students are involved in Greek L.I.F.E., as the fraternity and sorority scene is known at the school, which stresses Leadership, Innovation, Fortitude and Evolution. More students – about three fourths – play sports at the varsity, club or intramural level. True to the school’s mission, the varsity athletes are known as the Engineers, and compete in the Eastern College Athletic Conference and the Liberty League. (Source)

2) Rensselaer Polytechnic Institute graduates have the largest return on investment among their peers in the Capital Region, according to a new report from PayScale. The  PayScale repor t ranked the colleges based on the 20-year net return of investment. At Rensselaer, a private research and engineering school in Troy, NY, the 20-year return on investment is $607,100.

Other area colleges listed in the report were Union College in Schenectady at $449,200; the University at Albany, which a return of $368,600 for in-state students and $335,200 for out-of-state students; Siena College in Loudonville, which had a return of $182,200 and the College of Saint Rose in Albany with a return of $35,450. Return on investment is calculated as the total income a graduate will earn after 20 years of working, minus what they would have earned as a high school graduate, the cost of college tuition and the average financial aid amount awarded at the college.

Albany Business Review’s sister publication, Buffalo Business First,  has a slideshow of the top 40 upstate New York colleges with the highest earning potential of graduates. (Source)

3) David Gonino is the Chief Investment Officer of the Alfred I. duPont Testamentary Trust, one of the world’s largest philanthropic entities supporting children’s healthcare. Prior to joining the duPont Trust in 2000, Mr. Gonino was the Treasurer of Rensselaer Polytechnic Institute, where he had responsibility for the management of Rensselaer’s various investment portfolios. In addition, Mr. Gonino was responsible for Rensselaer’s capital finance activities and banking relationships. (Source)

4) Rensselaer Polytechnic Institute began investing in hedge funds in 2004, and is a confident and flexible investor in the asset class. The endowment initially added hedge funds to its portfolio for capital preservation purposes. It invests on a global scale, including some exposure to emerging markets, across a range of strategies. It does not invest in funds of hedge funds, instead gaining diversification through exposure to a variety of single manager funds. It will invest with emerging managers and spin-off teams, although any decision on whether to invest is taken on a case-by-case basis. It has seeded funds in the past, and would consider doing so again in the right circumstances. Rensselaer makes all its investment decisions, including those for hedge funds, in-house. (Source)

5) Rensselaer Polytechnic Institute is now home to the most powerful university-based supercomputer in the Northeast.  RPI completed its conversion from an IBM BlueGene/L to a third-generation BlueGene/Q system two weeks ago, and unveiled the new supercomputer, known as the Advanced Multiprocessing Optimized System, or AMOS for short, on Thursday. (Source)

About Richard C. Wilson