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Rider University Endowment Fund

Name: Rider University

Assets Under Management: $126 Million (Source:Rider University on 6/30/2010)

Annual Report: Rider University Financial Statements June 30, 2010 (With Independent Auditors’ Report Thereon)

Portfolio Insights: “Rider University (the University) is a private, not-for-profit institution founded in 1865. The University’s four academic units include the College of Business Administration, the College of Liberal Arts, Education and Sciences, the College of Continuing Studies, and the Westminster College of the Arts.

The University endowment consists of approximately 340 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.” (Source)

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Top Rider University Endowment Fund Headlines:

1) Rider University President Mordechai Rozanski last night persuaded the Township Council to table a resolution calling for college, university and boarding school students to pay special fees for municipal services. Rozanski, speaking at the council’s meeting in Town Hall, said he opposes what would amount to a tax on students and wants to “discuss our perspectives and reach an understanding on the issues involved — as we have successfuly done many times in the past.”

“These are indeed difficult times,” Rozanski said, a reference to the township’s search for revenues from schools, whose properties are tax exempt by state law.

“…Placing a tax burden on our students, who are our successor generation, … will only cause ripple effects without solving the fundamental challenges we face,” Rozanski asserted. (Source)

2) The Rider University Board of Trustees announced today the appointment of Gregory G. Dell’Omo, Ph.D., as Rider’s seventh president. Dell’Omo will succeed Mordechai Rozanski who is retiring on July 31, 2015. Dell’Omo will assume the presidency on Aug. 1, 2015.

Dell’Omo will step down from his position at Robert Morris University (RMU), in Pittsburgh, Pa., at the end of the 2014-2015 academic year. Rozanski will remain at Rider through the end of July 2015. Rider University is currently celebrating its 150th anniversary, which will culminate with Dell’Omo’s official inauguration.

“The Rider opportunity is an exciting one, and I am honored to have been selected to lead this outstanding university,” Dell’Omo said, adding that while leaving RMU and the progress and achievements that it has made over the past ten years is difficult, returning to his home state of New Jersey where he will be closer to his extended family was an important factor in his decision. (Source)

3) Dr. DonnaJean A. Fredeen, Provost and Vice President for Academic Affairs. During her first year at Rider University, Dr. Fredeen worked closely with the academic community to enhance communication within the division through department/division visits and initiation of the Provost’s forum. Through a collaborative process with the Academic Leadership Council of Deans, she created a first draft of a strategic vision for Academic Affairs and initiated such programs as the Rider Classroom Experience, the Shared Read program, and the Bonner Scholar High Impact Practice initiative.

Dr. Fredeen had a lead role in developing the management proposals for the recent collective bargaining negotiations and served as a member of the management bargaining team.  She has played a national leadership role for SENCER (Science Education for New Civic Engagement and Responsibility), an NSF program that promotes teaching to science through capacious, complex social issues.  Her activities with SENCER include her roles as a SENCER Leadership Fellow, a faculty member at summer institutes and as co-director of the New England SENCER Center for Innovation (NE-SCI) which was housed at Southern Connecticut State University. (Source)

4) Westminster Choir College of Rider University has been awarded a $3 million gift from the Henry L. Hillman Foundation of Pittsburgh, Pa., to help support the construction of a $7.5 million new academic and performance building planned for the Westminster Choir College campus in Princeton, N.J.

In recognition of the Hillman family’s longstanding commitment to Westminster, the College performance portion of the new building will be named The Hillman Performing Arts Center in honor of Westminster alumna Elsie Hillman.  It will be part of Marion Buckelew Cullen Hall, named for the philanthropist who has contributed a planned gift to Westminster and to the overall project.

“We are profoundly grateful to the Foundation and to our good friends, Elsie and Henry Hillman, for their generous support of this important project,” said Rider University President Mordechai Rozanski. “The construction of the new building will greatly enhance the Westminster Choir College campus by providing significantly better teaching, learning, and performance spaces for our students and faculty.  It also positions Westminster for continued success in the future.” (Source)

5) Rider University prides itself on constantly making strides to increase how green our campuses are. The residence hall West Village is certified silver in sustainability by Leadership in Energy and Environmental Design (LEED), and the new Cullen Center is expected to reach that level or higher. North Hall and the new BLC Theater have already been certified gold. Rider even has its own organic garden in addition to a solar field along I-95. Eco-Reps on both campuses teach us about sustainablity. The university works hard to remain eco-friendly.

Despite these efforts, we still have some problem areas that we need to work on together. When it comes to recycling, many students and faculty can be a little careless. Some really don’t think about recycling when they throw something away; they just toss it in the closest bin and go on with their day. Some don’t realize that many of the things that we throw away, such as Starbucks cups and sushi containers from Cranberry’s, can be recycled. (Source)

About Richard C. Wilson