Name: University of La Verne
Assets Under Management: $307.6 Million (Source: University of La Verne on 6/30/2014)
Portfolio Insights: “The University of La Verne (the “University”) was founded in 1891 as an independent coeducational liberal arts and science college. The University’s endowment consists of approximately individual donor-restricted funds and board-designated restricted funds. The net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. For the board designated funds functioning as endowment, the net assets are classified as unrestricted.
Hedge fund– Fund of funds–These funds are primarily composed of equities, specialized debt and credit instruments, and multi-strategy assets. The underlying funds investin long and short common stocks of U.S. and non-U.S. issuers; long and short corporate bonds and other fixed income securities, including distressed securities of both U.S. and non-U.S. issuers; and other investment vehicles including but not limited to risk arbitrage, convertible bond arbitrage, and intra-capital arbitrage.“ (Source)
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Top University of La Verne Endowment Fund Headlines:
1) An associate professor of writing at the University of La Verne has received a grant from the National Endowment for the Arts in recognition of his fiction. The grant carries a $25,000 prize. Sean Bernard received word of the prestigious award last month. He’s one of only 40 grant recipients out of 1,179 applicants, and the only winner from Southern California. Bernard, of Claremont, said the grant is his highest honor yet, and he hopes other achievements will follow. The 34-year-old has completed a novel, called “Studies in the Hereafter,” and has secured an agent who is shopping the book to publishers. Bernard submitted two short stories in February with his grant application: “California,” which will soon be published in The Portland Review, and “in the days of butchers,” which appeared last year in Eleven Eleven.Bernard said he was surprised to learn he’d won a grant, which are awarded every other year for fiction writers. (Source)
2) Devorah Lieberman in 2011, became the 18th president of the University of La Verne, and first female president in its 120 year history. In 2011, appointed to the ACE Network Executive Board as a state liaison for Women in Higher Education and is currently serving a three-year term on the Western Association of Schools & Colleges (WASC) Accrediting Commission for Senior Colleges & Universities. In January 2012, named to the American Council of Education’s (ACE) Commission on Inclusion and to the Resource Development Committee for the Hispanic Association of Colleges & Universities (HACU). As part of a 30 year career in higher education, served previously as provost and vice president of Academic Affairs at Wagner College in New York. (Source)
3) Dr. Jonathan Reed has been selected as the University La Verne’s permanent provost and vice president of academic affairs following a nationwide search. Reed has served as interim provost at La Verne since January.
“I am confident Dr. Reed’s academic qualifications, professional achievements, understanding of the academic and student support needs at La Verne, and vision for our future success have positioned him to be a successful provost, leader and collaborator at the University of La Verne for years to come,” said ULV President Devorah Lieberman.
Reed came to La Verne in 1992 as an assistant professor of religion and earned his doctorate in religion from Claremont Graduate University two years later. He chaired La Verne’s Department of Religion & Philosophy twice before becoming interim dean of the College of Arts & Sciences in 2009, a position that became permanent for him in 2012. (Source)
4) Four students from the University of La Verne College of Law will be putting their law school educations to work this summer on important issues that affect society. Noelia Barajas, Amanda Dearmin, Marcella Lucente, and Amir Zahedi all received grants that will assist them while they work at public interest law firms. Such jobs typically are unpaid, so the grants help pay for transportation and other costs.
“The whole concept behind it is to help fund students with summer positions in public interest law,” said Assistant Dean of Student Affairs and Career Services August Farnsworth. “It brings awareness and helps fund these summer grants.”
The awards totaling about $6,000 were made at the 4th annual La Verne Law PILF Silent Auction and Reception on April 20. The event is sponsored by the Public Interest Law Foundation and the Criminal Law Society. Dean Philip A Hawkey and Professor Diane K. Uchimiya, Director of the Justice and Immigration Clinic, announced the winners. (Source)
5) The University of La Verne announced Wednesday that it has received $1.5 million in grant funding for programs in STEM education (science, technology, math and engineering). The bulk of the grant comes from the U.S. Department of Education, which agreed to give the university $1.42 million over five years. The grant was announced in October and first implemented in December, Associate Biology Professor Kat Weaver said.
Other funding comes from the Rose Hills Foundation ($75,000) and Southern California Edison ($15,000), according to a news release. The grants will be spent on classroom technology, a summer science camp for high school students, community outreach and senior students’ research projects, Weaver said.
“I think training the future of the field is really important,” Weaver said. “President Obama says, if you listen to him talk about science and education, he thinks science is one of the fields where we’re going.” (Source)