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Rhode Island School of Design Endowment Fund

Name: Rhode Island School of Design

Assets Under Management: $561.6 Million (Source: Rhode Island School of Design on 6/30/2013)

Annual Report: Rhode Island School of Design Consolidated Financial Statements June 30, 2013 and 2012

Portfolio Insights: “The consolidated financial statements of the Rhode Island School of Design (the “School”) have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“US GAAP”) and with the reporting principles of not-for-profit accounting.

Net assets and current activity are classified into three categories: unrestricted, temporarily restricted and permanently restricted. The categories are based on the existence, absence or expiration of donor-imposed restrictions.” (Source)

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Top Rhode Island School of Design Endowment Fund Headlines:

1) Rhode Island School of Design (RISD) is pleased to announce that Brooklyn-based artist Chitra Ganesh (Brown University ’96) will spend two days at RISD this spring as the first Vikram and Geetanjali Kirloskar Visiting Scholar in Painting. Ganesh will visit the Providence campus in April to participate in a review for Painting graduate students and to give a public talk on Wednesday, April 9, 2014 at 4PM in RISD’s Metcalf Auditorium in the Chace Center [20 N. Main Street, Providence]. She will return to teach a Painting seminar during the fall 2014 semester and will mount a show in RISD’s Memorial Hall Gallery.

Ganesh’s drawing, installation, text-based work, and collaborations seek to excavate and circulate buried narratives typically excluded from official canons of history, literature, and art. Ganesh graduated from Brown University magna cum laude with a BA in Comparative Literature and Art Semiotics in 1996. In 2001 she attended the Skowhegan School of Painting and Sculpture, and received her MFA from Columbia University in 2002. (Source)

2) In 2012 RISD had 1,971 undergraduate students and 415 graduate students. RISD ‘s endowment in 2012 was $285.7 million. In 2012, RISD invested nearly $88 million, or 16%, of its $545 million total assets in hedge funds, both multi-strategy fund of funds as well as short and long term equity funds. (Source)

3) The Rhode Island School of Design (RISD) is a private, four-year school located in Providence. When the institution was created during the Industrial Revolution, it was named as a design school to indicate its importance to economic development in an area where textiles and jewelry manufacturing industries were flourishing.Now, although there are design majors offered, RISD is considered an art school. RISD offers nearly 20 bachelor’s and master’s programs, with fine arts being the most popular major. The school is home to one of the top-ranked master’s programs in fine arts, which can include a range of specializations, such as photography, sculpture, metals/jewelry, graphic design, glassware, and more. (Source)

4) The mission of Rhode Island School of Design (RISD), through its college and museum, is to educate students and the public in the creation and appreciation of works of art and design, to discover and transmit knowledge, and to make lasting contributions to a global society through critical thinking, scholarship and innovation. (Source)

5) Feb 12, 2013 – The Rhode Island School of Design has the next largest endowment in Rhode Island, which stood at $297.2 million at the end of the fiscal year, a 6.7 year-over-year decline from the end of June 2011. RISD ranked No. 217 out of 831 nationally. (Source)

About Richard C. Wilson