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St. Lawrence University Endowment Fund

Name: Giving to St. Lawrence

Assets Under Management: $493.9 Million (Source: St. Lawrence University on 6/30/2014)

Annual Report: St. Lawrence University and Subsidiary Consolidated Financial Statements as of June 30, 2014 and 2013

Portfolio Insights: “St. Lawrence University (The University) was chartered by the Legislature of the State of New York (the State) 1856 and is the oldest continuously operated coeducational institution of higher learning in the State.

The University’s endowment consists of individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowment.” (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 St. Lawrence University Endowment Fund Headlines:

1) St. Lawrence University is committed to sustainability through a formal policy. Two committees and a coordinator of sustainability projects implement environmental initiatives on campus. The school has a green purchasing policy and buys some Energy Star-certified products and environmentally preferable paper products. An alumni green fund is in place to raise money for sustainability projects. (Source)

2) Today St. Lawrence University has approximately 2,100 undergraduate and 133 graduate students, supported by a faculty of 167 full-time members and 23 part-time members. The University’s mission is to provide an inspiring and demanding education in the liberal arts to students selected for their seriousness of purpose and intellectual promise. The University uses Endowment income primarily to support the costs of its core educational mission. St. Lawrence University’s Endowment in past years saw significant declines. For the fiscal year 2001-02 ending June 30, St. Lawrence’s Endowment decreased in size by 15%. Between fiscal 2002-03 it fell by a more modest 2.1%. However between 2003-04 it grew by a not-insubstantial 16.6% and most recently grew by 6.5% to the end of fiscal period June 2005 to USD 211 million. (Source)

3) St. Lawrence University has elected two new members to its Board of Trustees. Their terms begin June 1 and will be for a period of six years. Michael Arpey is a managing director responsible for fund formation strategy, new investor products and coordination of investor relations at The Carlyle Group, based in Washington, D.C., and is a member of the firm’s management and operating committees.

As a managing director of Credit Suisse in the asset management division, he was co-head of the customized fund investment group within private equity in alternative investments. Arpey joined CSFB in November 2000 through the merger with Donaldson, Lufkin & Jenrette, where he was a managing director and head of DLJ Merchant Banking’s customized fund investment group. (Source)

4) The mission of St. Lawrence University is to provide an inspiring and demanding undergraduate education in the liberal arts to students selected for their seriousness of purpose and intellectual promise.

Located in Canton, N.Y., St. Lawrence University is a coeducational, private, independent liberal arts institution. The educational opportunities at St. Lawrence inspire students and prepare them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity and the planet. Through its focus on active engagement with ideas in and beyond the classroom, a St. Lawrence education leads students to make connections that transform lives and communities, from the local to the global. (Source)

5) Crown Royalty Investments is St. Lawrence University’s student run investment club. Our goal is to provide an educational environment for our members, while making sound investment decisions in the allocation of our portfolio. We collaborate for weekly meetings to discuss recent financial news across all sectors of the economy, present educational material on the financial markets, as well as make changes to our portfolio, as seen fit by our members.

The organization, named after the late Herman Crown, was established in 1962 with a gift of $4,000 from the Arie and Ida Crown Memorial. Nearly 50 years later the club continues to live out its original goal of providing students with the opportunity to manage a real portfolio of stocks, currently worth approximately $55,000. (Source)

About Richard C. Wilson