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University of Delaware Endowment Fund

Name: University of Delaware

Assets Under Management: $508.3 Million (Source: University of Delaware on 6/30/2012)

Annual Report: Delaware State University Comprehensive Annual Financial Statements June 30, 2012 and 2011

Portfolio Insights: “Management’s discussion and analysis of Delaware State University’s (the “University”) financial statements provides an overview of the University’s financial activities for the years ended June 30, 2012 and 2011. Management has prepared the financial statements and the related footnote disclosures along with this discussion and analysis. Responsibility for the completeness and fairness of this information rests with the preparer. This discussion and analysis contains financial activities of Delaware State University only (exclusive of component units).

The University’s total net assets increased by $11.3 million or 8.0% to $151.6 million at June 30, 2012. The University’s total net assets increased by $5.2 million or 3.8% and $1.6 million or 1.2% to $140.4 million and $135.2 million at June 30, 2011 and 2010, respectively.” (Source)

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Top University of Delaware Endowment Fund Headlines:

1) After 10 years with Wilmington Trust, the University of Delaware has opted to switch to another custodial bank for a chunk of its $1.4 billion endowment. The state’s flagship university has chosen Chicago-based Northern Trust, a large wealth and asset manager with offices in Delaware. The move does not end the university’s business relationship with Wilmington Trust, according to a UD spokeswoman.

The change was mentioned in passing by UD’s new chief investment officer, Keith Walter, during a recent meeting of a student-run investment club at the Lerner College Trading Center in Newark. Students in the Blue Hen Investment Club manage more than $1.5 million of the university endowment, one of the largest higher education endowments in North America. (Source)

2) The University of Delaware acknowledges the importance of sustainability in its strategic plan and is in the process of implementing its Climate Action Plan. Purchasing guidelines give preference to environmentally friendly products, and only post-consumer recycled napkins are used on campus. The Sustainability Task Force finances efficiency projects and trains Green Liaisons, who encourage their coworkers and peers to act sustainably. (Source)

3) The University of Delaware Alumni Association sponsors a merit-based scholarship program aimed at attracting academically talented students to the University. The Alumni Scholars Program is funded by an endowment fund with income primarily generated by Bank of America Affinity Card royalties. To date, over $1,300,000 has been given to the endowment fund to support this scholarship program.

The Alumni Scholars scholarship subsidizes half of tuition costs for several students a year for each of their four years at the University. Students are also awarded a one-time grant of $3,000 for Study Abroad and up to $2,000 toward a qualifying Alumni Enrichment Award. (Source)

4) As of 2011, UD had a total enrollment of 21,489 students and 1,131 full -time faculty. 20 The University of Delaware’s endowment supports scholarships, professorships, fellowships and programming. In 2012, the University of Delaware invested nearly $216 million, or about 28% of total assets, in various types of hedge funds, including long-short hedge funds and multi-strategy fund of funds. Their total assets invested are approximately $ 771 million. (Source)

5) The University of Delaware is pleased to provide prospective undergraduates with this student net price calculator. Our calculator will take into consideration your academic record as well as your financial situation to provide you with an estimate of what you may receive in financial aid and scholarships at the University of Delaware. These estimates are based on the award policies of the 2014-2015 academic year and are subject to change. (Source)

About Richard C. Wilson