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Trinity College Endowment Fund

Name: Trinity College Investment Club

Assets Under Management: $542.7 Million (Source: Trinity College on 6/30/2014)

Annual Report: Trinity College Consolidated Financial Statements June 30, 2014 and 2013

Portfolio Insights: “Trinity College (the “College”) is a private, not-for-profit institution of higher education located in Hartford, Connecticut. The College also operates undergraduate programs internationally. The College provides educational services primarily for students at the undergraduate and graduate levels and performs some research under grants with agencies of the federal government and other sponsoring organizations.

Net assets derived from tuition and other institutional resources that are not subject to donor-imposed restrictions. Unrestricted net assets may be designated for specific purposes by action of the board of trustees or may otherwise be limited by contractual agreements with outside parties. Unrestricted net assets include investment in plant and the appreciation on funds functioning as endowment.” (Source)

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Top Trinity College Endowment Fund Headlines:

1) Income from Trinity College’s endowment supports 14 percent of the school’s annual operating budget. But at one point, the fund had lost over $100 million. Broad stock market gains over the past year helped the endowment recover about 15 percent of its value at the end of June, bringing its total value up to $356 million.

The high watermark for the school’s endowment was $441 million at the end of 2007. Paul Mutone, Trinity’s treasurer and vice president for finance and operations, said effects from the economic downturn were not felt until this academic year. Traditionally, Trinity’s endowment provides about $21 million to the school’s operating budget, but that contribution fell to $16 million this academic year. (Source)

2) The Trinity College endowment funds its library, scholarships, fellowships, academic programs, awards and other college purposes. As of June 30, 2012, Trinity’s endowment is valued at more than $439 million. The endowment invests more than $248
million, or 56% of its endowment in hedge funds. (Source)

3) Trinity College, founded in 1823, is one of the nation’s leading independent liberal arts colleges. Located in Hartford, Connecticut, the College’s 2,200 full-time undergraduate students are drawn from all parts of the United States and approximately 30 foreign countries. Trinity, committed to a classic, rigorous liberal arts education, offers 38 academic majors, nine of which are interdisciplinary. Trinity is one of only a few liberal arts colleges whose engineering program is certified by the Accreditation Board of Engineering and Technology. Trinity has approximately 200 full-time faculty and 60 part-time faculty. For more information on Trinity, its people and programs, please visit the college website.

Trinity’s President, Dr. James F. Jones, Jr., is completing his 7th full year at the College. Prior to Trinity, he presided over Kalamazoo College for 9 years, and earlier held leadership academic positions at SMU and Washington University, respectively. Since his arrival, President Jones has recruited several new senior administrators, including the Dean of the Faculty, Chief Financial Officer, and Chief Advancement Officer. (Source)

4) Trinity closed its FY10 fiscal year realizing 55% alumni giving participation, placing Trinity in the Top 10 highest rates among America’s colleges and universities. Trinity has achieved this level of participation four of the past five years. The College’s $300 million Cornerstone Campaign was launched in 2006 and last year total gifts to the College topped $28 million, with the Trinity College Fund achieving a record of $9 million in gifts. Included in the Trinity Fund totals, the Parents Fund ($1.5 million in fiscal year 2010) achieved a new record for giving as well. The Senior Class Gift campaign achieved a 90% participation level for the 5th year in a row. The College’s endowment is approximately $400 million and the College’s operating budget has been balanced for each of the last six years. (Source)

5) Trinity College, Cambridge, the University’s richest college, has added Tesco supermarkets to its burgeoning property portfolio. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. The college, founded by Henry VIII in 1546, has investments in a swathe of UK real estate, ranging from Cambridge Science Park to the port of Felixstowe to the O2 entertainment complex in London.

Trinity College bagged its latest asset when Tesco spun off a £450m portfolio of 11 stores into a joint venture. The retailer, the UK’s biggest by sales, has a programme of divesting property into these vehicles in order to release value and generate cash. Including the Trinity deal, Tesco has sold some £3.25bn worth of properties into similar joint ventures. Earlier ventures were signed with British Land and the Universities Superannuation Scheme, the pension scheme provided by universities and other higher education institutes. (Source)

About Richard C. Wilson