Name: University of Hartford
Assets Under Management: $306.6 Million (Source: University of Hartford on 6/30/2010)
Portfolio Insights: “The University of Hartford (the “University”) was established in 1957 as an independent, privately governed, non-profit, comprehensive coeducational institution of higher education.
The University’s endowment consists of donor restricted endowment funds and board-designated endowment funds for a variety of purposes. Pledges receivable and split interest agreements that have been designated for endowment are not considered as part of the endowment until funds are received. The net assets associated with endowment funds including funds designated by the Board of Regents to function as endowments are classified and reported based on the existence or absence of donor imposed restrictions.” (Source)
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Top University of Hartford Endowment Fund Headlines:
1) The University of Hartford is a young university, and with your help, we can continue to improve our campus and our programs. Endowments are created for various purposes and at the same time, they establish a personal legacy.
At the heart of any great university is its faculty, and nowhere is this more true than at the University of Hartford. This is a place where close student-faculty relationships are embedded in the culture; where faculty elect to come because teaching is their priority; and where students know they can turn to their professors to acquire a deeper level of understanding. Faculty funding enables us to retain and recruit outstanding teachers, support faculty research and scholarship, and fund participation in national and international symposia, fellowships, and sabbaticals — activities that enrich classroom teaching and strengthen scholarship. (Source)
2) University of Hartford, Endowment is an endowment fund with $54.8 million in assets under management. The fund’s alternative investment strategy focuses primarily on venture capital. It has a net internal rate of return target of 5%. The fund allocates a maximum of 5% or about $2.7 million of its total assets to alternative investments. University of Hartford, Endowment is based in West Hartford, Connecticut. (Source)
3) Thomas J. Perra, an Associate Vice President & Treasurer, Office of the Treasurer, University of Hartford
The Associate Vice President and Treasurer is an officer of the University and manages treasury functions, debt administration, endowments and related investments, insurance risk management, off-campus rental properties and service departments consisting of Sports Center rentals and concessions and ID Card Services with an off-campus retail program (“HawkCash”). Reporting to the Associate Vice-President and Treasurer are the Director of Mail Services, Sports Center Director, and outsourced auxiliary operations. (Source)
4) The University of Hartford has signed on as the second college to participate in the Clean Energy Finance and Investment Authority (CEFIA) sponsored Campus Efficiency Now (CEN) program, an initiative designed to advance energy efficiency in Connecticut’s private colleges and universities.
The program has been developed in collaboration with the Connecticut Conference of Independent Colleges (CCIC) and GreenerU, to help colleges to reduce energy costs and become more sustainable by providing financing to quickly deliver energy efficiency at no upfront cost to the colleges.
“The University of Hartford is an enthusiastic participant in this innovative energy efficiency program,” said University President Walter Harrison. “The project furthers the goals of the President’s Commission on Sustainability and accelerates the University’s energy savings and management efforts in order to lower our energy bills, reduce carbon emissions, and address deferred maintenance issues.” (Source)
5) The Office of the Provost, led by Sharon L. Vasquez, oversees all academic-related functions, including undergraduate and graduate programs, faculty, and libraries. We invite you to learn more about these different areas and the dedicated staff associated with them by following the links found here. You will soon discover the vibrant and innovative learning environment that is the University of Hartford. (Source)