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Susquehanna University Endowment Fund

Name: Susquehanna University

Assets Under Management: $340.9 Million (Source: Susquehanna University on 6/30/2014)

Annual Report: Susquehanna University Selinsgrove, Pennsylvania Financial Statements Including Independent Auditors’ Report As of and for the Years Ended June 30, 2014 and 2013

Portfolio Insights: “Susquehanna University (the University) is a national liberal arts college currently enrolling approximately 2,100 full-time students. Founded in 1858, the University grants Bachelor of Arts, Bachelor of Music and Bachelor of Science degrees.

The Office of University Relations has primary responsibilities to raise endowment, capital, and operating funds from the University’s supporters. Fund raising expenses of approximately $2,302,000 and $2,391,000 were incurred for the years ended June 30, 2014 and 2013, respectively.” (Source)

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Top Susquehanna University Endowment Fund Headlines:

1) Susquehanna University’s endowment grew by 26 percent in 2011, topping the 19 percent average in a national study of college endowment. Bucknell University’s endowment posted a 17 percent gain in 2011.

The two universities are among 823 public and private schools that participated in a joint survey by the National Association of College and University Business Officers and the Commonfund Institute. (Source)

2) According to statistics compiled by the National Association of College and University Business Officers and Commonfund Institute, Susquehanna University’s endowment was at a record high level of $132.1 million. in fiscal year 2013.  That is a 10.5 percent increase over FY2012 and more than four percent above the endowment’s previous maximum amount which was in 2007.

Despite the positive news about the endowment, Susquehanna recently announced more austerity measures for most of its more than 2,000 employees.  Measures for the next year include no raises (with the exception of promotions), an increase in healthcare cost sharing for employees, a reduction in the pension match from 10 percent to 9 percent, staff reduction through attrition and an early retirement incentive. (Source)

3) Thanks to a big dose of Illini generosity, students at tiny Susquehanna University in Central Pennsylvania can now get a taste of the hands-on, facilities-rich education long enjoyed by science and engineering students at mighty U of I. This fall, Susquehanna dedicated the Paul D. Coleman Physics Center, made possible by donations from family, friends, and former students of ECE Professor Emeritus Paul D. Coleman, a Susquehanna alumnus who served on the ECE Illinois faculty for 37 years.

Coleman’s son Peter initiated the fundraising effort to honor his father on the occasion of the latter’s ninetieth birthday in 2008. The facility opened this fall along with other renovations to Susquehanna’s Fisher Hall, which houses several departments in addition to the new physics center. On October 26, officials from Susquehanna, including university president Jay Lemons, hosted a dinner and celebration in Coleman’s honor at the Urbana Golf and Country Club. (Source)

4) Susquehanna University awarded her the honorary degree of Doctor of Fine Arts in 1996, and Doane College (Crete, Nebraska) and Bloomfield (New Jersey) College (along with Wynton Marsalis) both awarded her honorary doctorates in 2004. Recent teaching and workshop venues include Doane College, Stanford University, the Cleveland (Ohio) public school system, St. Thomas (United States Virgin Islands) high schools, Brigham Young University (Provo, Utah) and the Mozarteum conservatory, Salzburg, Austria.

Among the awards and commissions she has received are the National Endowment for the Arts, including a special-projects grant to present a jazz series at the Bronx Museum of the Arts, Meet the Composer, the CUNY Research Foundation, the Smithsonian, and The Fund for Artists of Arts International. (Source)

5) L. Jay Lemons is Susquehanna University’s 14th president. Lemons holds a Ph.D. in higher education administration from the University of Virginia’s Curry School of Education. He joined the university in 2001 after serving as chancellor of the University of Virginia’s College at Wise. (Source)

About Richard C. Wilson