Name: University of Memphis
Assets Under Management: $148.1 Million (Source: The University of Memphis Foundation on 6/30/2014)
Portfolio Insights: “The University of Memphis Foundation is a not-for-profit, tax-exempt corporation chartered in 1964 in the State of Tennessee. The Foundation accepts and manages private support to The University of Memphis (“University”). Leading citizens of the Mid-South area comprise an independent Board of Trustees.
The Foundation’s investments are stated at fair value. Fair value is the price that would be received to sell an asset in an ordinary transaction between market participants at the measurement date. See Note 4 for a discussion of fair value measurements. Purchases and sales of investments are recorded on a trade-date basis. Interest income is recorded when earned and dividends are recorded on the ex-dividend date. Net realized and unrealized gains (losses) on investments include the Foundation’s gains and losses on investments bought and sold as well as held during the year. Income producing assets have been pooled to enhance earnings power. The pool income is allocated pro rata to each participating account based on relative carry ing value.” (Source)
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Top University of Memphis Endowment Fund Headlines:
1) The University of Memphis recently finalized a sustainability strategic plan and employs a full-time sustainability coordinator. The Green Campus Initiative offers educational resources to faculty, staff, and students. The University Sustainability Committee, one of three committees devoted to green initiatives on campus, has worked on a variety of programs, including the implementation of vermicomposting and the completion of a greenhouse gas emissions inventory. Energy-efficient appliances and environmentally preferable paper products are purchased regularly. (Source)
2) The University of Memphis is a comprehensive urban university committed to scholarly accomplishments of its students and faculty and to the enhancement of its community. The University offers 15 bachelor’s degrees in more than 50 majors and 70 concentrations, master’s degrees in 46 subjects and doctoral degrees in 21 disciplines, in addition to the Juris Doctor (law) and a specialist degree in education. (Source)
3) Dr. M. David Rudd was named the 12th president of the University of Memphis on May 1, 2014. He previously served as the University’s provost and brings a distinguished academic and research record to the position.
Dr. Rudd’s administrative and teaching experience spans almost 30 years in roles in Texas and Utah. Before being named provost at the U of M, he was dean of the College of Social and Behavioral Science at the University of Utah from 2009-2013. He was also professor and chair of the Department of Psychology at Texas Tech from 2006-2009. Prior to that, he was professor and chair of the Department of Psychology at Baylor University from 2004-2005 and professor and director of Baylor’s doctoral program in Clinical Psychology from 2000-2004. He also was a faculty member at Texas A&M College of Medicine.
Throughout his career, he has been responsible in part for more than $18 million in research grant funding, including more than $3 million for research to help military populations through the U.S. Army/Department of Defense Military Operational Medicine Research Program. (Source)
4) The Office of Institutional Equity (OIE), formerly known as the Affirmative Action Office, serves as a vital resource in promoting and furthering the University’s commitment to equal opportunity and nondiscrimination for all members of its community.
The mission of the Office of Institutional Equity is to provide leadership and support on matters relating to equal opportunity, access, affirmative action and inclusiveness for all members of the University community.
Accordingly, OIE oversees, facilitates and supports the University’s efforts to ensure equal opportunity for all persons regardless of race, color, national origin, age, sex, sexual orientation, gender identity, gender expression, disability, religion, or veteran status in employment, educational programs and University sponsored activities and programs. (Source)
5) The University of Memphis has announced punishments for 12 Tiger football players for their actions in the fight that immediately followed the Miami Beach Bowl.
“I want to thank BYU for working with us to achieve not only accountability from this unfortunate event but also helping our teams continue to grow and develop as young men, consistent with the high expectations held by both our universities, along with the high standards of sportsmanship established by the NCAA and American Athletic Conference,” said University of Memphis president David Rudd in a news release.
BYU and conference officials assisted in the identification of the 12 players. BYU had not made a public announcement of how it will handle discipline for its players. According to the Salt Lake Tribune, the matter is being handled “internally.” (Source)