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University of Mount Union Endowment Fund

Name: University of Mount Union

Assets Under Management: $312.2 Million (Source: University of Mount Union on 6/30/2014)

Annual Report: University of Mount Union Auditor’s Report and Consolidated Financial Statements June 30, 2014 and 2013

Portfolio Insights: “University of Mount Union (University) is a private tax-exempt, nonprofit educational institution located in Alliance, Ohio. The University is affiliated with The United Methodist Church and is an institution of higher education that offers undergraduate and graduate programs designed to meet the needs of the student body.

The University’s endowment consists of approximately 500 individual funds established for a variety of purposes. The endowment includes only donor-restricted endowment funds. As required by accounting principles generally accepted in the United States of America (GAAP), net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top University of Mount Union Endowment Fund Headlines:

1) The mission of the University of Mount Union is to prepare students for fulfilling lives, meaningful work and responsible citizenship. (Source)

2) Mount Union is located in Alliance, Ohio, a city of 25,000 with a rich history. Alliance is less than an hour from Canton, Akron and Youngstown and is just an hour and a half from Cleveland, making it convenient for those interested in experiencing the culture of a larger city.

While Alliance maintains a small-town charm, it also offers plenty of things to do and places to go within city limits. State Street, which part of the campus is located on, offers a variety of shopping and dining options. Recent additions to West State Street include Chipotle, Panera, Kohl’s, Famous Footwear and Maurice’s, with plans for several additional businesses underway. In addition, the west end of town offers Walmart as well as Carnation City Mall, which houses a movie theater, food court, several department stores and a number of specialty shops. (Source)

3) Alex Zumbar, Stark County’s treasurer, will be the featured speaker at the Continued Learning Program session on Tuesday, February 21 at 10 a.m. in the East Room of the Hoover-Price Campus Center on the University of Mount Union’s campus. Zumbar, a 1992 graduate of Mount Union, will discuss the Stark County Treasury.

Zumbar has served as treasurer of Stark County since November of 2010. Prior to serving in this role, he was the finance director for the City of North Canton, auditor for the City of Alliance, 4th ward councilman of Alliance and administrative assistant to Judge Charles E. Brown Jr. of the Stark County Court of Common Pleas. (Source)

4) University of Mount Union recently entered an agreement with EthicsPoint to provide colleagues with an anonymous and confidential method to hear suggestions, concerns or reports of misconduct. By using this avenue of communication, the information you provide will be sent to us by EthicsPoint on a totally confidential and anonymous basis. At the same time, we guarantee that your comments will be heard.

Our goal is to assure that ethical standards are a way of life at University of Mount Union. Two-way communication is imperative to improve how we interact and work with each other. Further, it is important that colleagues feel secure in providing comments to make University of Mount Union a better place. (Source)

5) The University of Mount Union Board of Trustees voted unanimously to name the institution’s new performing arts center, under construction on campus, in honor of Richard and Sandra Giese.

Giese has served as president of the institution since 2005, when he and his wife returned to Mount Union and the Alliance community they had called home for 19 years.

Before returning to Mount Union, he served as president of Monmouth College in Illinois for eight years, but his first job in higher education was as a faculty member and basketball coach at Averett College in Danville, Va. (Source)

About Richard C. Wilson