Name: Saint Francis Xavier University
Assets Under Management: $657.2 Million (Source: Saint Francis Xavier University on 4/30/2012)
Portfolio Insights: “The Saint Francis Xavier University Students’ Union (the “Students’ Union”) is the democratic, participatory student voice at Saint Francis Xavier University (the “University”), composed of approximately 4,300 full-time students and about 700 part-time students.
On March 21, 2006, the Students’ Union deposited $110,000 with the University’s endowment fund. As per the agreement between the Students’ Union and the University, the Students’ Union retains ownership of the $110,000 and all future growth. As per the Students’ Union terms of reference, the funds are invested to earn revenue which should be used outside the normal operations of the Students’ Union. Only 50% of the revenue generated will be used in any one year and 50% will be reinvested. At the end of the current year, the Students’ Union has $31,196 (2011-$24,246) in unrestricted cash earned as investment income from the endowment fund.” (Source)
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Top Saint Francis Xavier University Endowment Fund Headlines:
1) Dr. Kent MacDonald is the 18th President and Vice Chancellor of StFX University and a highly regarded leader in Canada’s post secondary system. Over the past two decades, Dr. MacDonald has become well known for his highly personal and authentic style of leadership and has spoken to audiences around the world including Asia, the Middle East, Europe, and across North America.
Professor MacDonald’s interest is higher education leadership and he proudly holds two degrees from StFX University. Dr. MacDonald has also held senior leadership positions in the private and the not-for-profit sectors, has served on a variety of public and private boards and is a proud educator who has worked in the elementary, secondary and post-secondary systems in Canada and New Zealand. (Source)
2) August 5, 2011 – St. Francis Xavier University’s endowment fund is topping the charts when compared to other universities across the country.
The newly released Canadian Association of University Business Officers (CAUBO) Investment Survey on Endowment and Pension funds reveals StFX is second in the country based on 10 year rate of return performance data. StFX placed second for one year performance and first on two year performance results.
In all, 61 Canadian universities participate in this independent national survey.
“The StFX endowment has achieved a 10 per cent rate of return over the past decade,” says Ramsay Duff, StFX Vice President Finance & Operations. “Achieving this rate of return consistently over the long term is a remarkable achievement that reflects exceptional stewardship of the philanthropic gifts from major benefactors, alumni, and friends of StFX.”
StFX’s results are exceptional because the average 10 year rate of return for Canadian university endowments was 4.4 per cent and for Canadian markets 6.6 per cent, as compared to 10 per cent for StFX, Mr. Duff says. (Source)
3) The St.FX Student’s Union will donate monies only to those causes or groups of whose activities are of a non-profit seeking nature.
The St. FX Student’s Union will donate monies to conflicting groups and causes without discrimination, providing that the use of funds be of a purely educational matter.
The St. FX Students’ Union will not donate monies to groups seeking to promote their cause in opposition to other existing groups or causes, unless that cause is stated and supported within the Union’s By-laws. (Source)
4) The StFX Alumni Association is pleased to announce the recipients of the 2011 Alumni Awards of Excellence. Being honoured this year are Ellen Costello ’76, Distinguished Alumna of the Year; Robyn Tingley ’96, Young Alumna of the Year; and Jim Brennan, Friend of StFX.
The StFX Alumni Association is pleased to announce the recipients of the 2011 Alumni Awards of Excellence. Being honoured this year are Ellen Costello ’76, Distinguished Alumna of the Year; Robyn Tingley ’96, Young Alumna of the Year; and Jim Brennan, Friend of StFX.
These awards will be presented Sept. 30, 2011 at the Welcome Home Dinner, which kicks off StFX’s annual Homecoming celebration. The dinner and presentations take place at the StFX Keating Centre. (Source)
5) StFX Advancement Department is dedicated to promoting and sustaining the university’s short- and long-term future. University Advancement builds and maintains relationships with alumni and friends of StFX and may other groups and stakeholders to ensure the student and academic needs are continually strengthened and StFX continues to be the premier undergraduate experience and education in Canada. The three main divisions of the Advancement department include Alumni Affairs, Development and Records Management, and Communications and Marketing. (Source)