Name: Simmons College
Assets Under Management: $412.4 Million (Source: Simmons College on 6/30/2013)
Annual Report: Simmons College Financial Statements June 30, 2013 and 2012
Portfolio Insights: “Simmons College (the “College”) is a private, nonsectarian institution located in Boston’s Back Bay that currently serves approximately 1,792 undergraduate women and 3,038 men and women in its graduate programs at the master and doctoral levels.
The College invests in various securities, including U.S. government securities, corporate debt instruments, hedge funds, private equities, and corporate stocks. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes could occur and materially affect the amounts reported in the financial statements.” (Source)
Our team, the Endowment Fund Association (EFA) and Endowments.com 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 Simmons College Endowment Fund Headlines:
1) An endowed gift to Simmons College is a long-term, philanthropic investment that provides benefits to students, faculty, or programming year after year, generation after generation. These gift funds are invested as part of the overall Simmons College endowment and are carefully managed to provide permanent, ongoing support and achieve a balance between current and future needs.
The minimum endowment level is $100,000, which ensures that sufficient income will be available to fulfill the intentions of the gift. The Simmons College Endowment Spending Policy is voted and approved annually by the Board of Trustees; endowment funds currently yield approximately 4.5 percent per year. (Source)
2) During a recent interview with Business First, the Rev. Kevin Cosby, president of Simmons College of Kentucky, outlined a plan to move the college away from its theological leanings to a liberal arts focus by adding non-theological degree options.
Founded in 1879, Simmons College, which is located on South Seventh Street, historically has been a Bible college, offering theological degrees, until Cosby began a push last year to change the school’s focus.
In 2014, Simmons launched a four-year bachelor’s degree in business administration as a means to boost economic development and enhanced educational opportunities for its students. The school also has begun offering bachelor’s degrees sociology and cross-cultural communication and an associate’s degree in general studies. (Source)
3) Office of the Senior VP for Finance and Treasurer is responsible for the overall financial management of Simmons College. As a service to all students, faculty and staff at Simmons College, we have created various sections within this site to assist with answering many of your questions. (Source)
4) Helen Drinan is the President of Simmons College, an all women’s institution. Prior to Simmons, Drinan was Senior Vice President of Human Resources at Caritas Christi Health Care. She also served as President and CEO of the Society of Human Resources Management, a professional organization with the largest human resource membership in the world, and as Executive Vice President of Human Resources for BankBoston. Ms. Drinan has been recognized by numerous organizations for her work on behalf of women’s and girls’ education and leadership. Her awards include: Strong Women Strong Girls “Phenomenal Woman” (2014), Girl Scouts of Eastern Massachusetts Leading Woman (2013), Woman LEAD “Woman Who Leads in Academia and Inspires Others” (2013), and the Greater Boston Chamber of Commerce Pinnacle Award for Excellence in Arts & Education (2012). (Source)
5) The $154 million Simmons College endowment has begun a search for an active international equity manager to replace Wellington Management, the fund’s sole manager, which will continue to manage the fund’s remaining assets. The Boston-based endowment could dole out 10-12% to the new international equity manager, which most probably would be selected during a March investment committee meeting, said Bert Goncalves, treasurer. (Source)