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University of Nebraska Endowment Fund

Name: University of Nebraska

Assets Under Management: $1.31 Billion (Source: University of Nebraska on 6/30/2013)

Annual Report:  University of Nebraska Comprehensive Annual Financial Report for the Years Ended June 30, 2013 and 2012

Portfolio Insights: “The University of Nebraska Foundation is a strong supporter of the University in its  driveto excellence. The Foundation continues to experience fundraising successes for the support of academics, research, and facilities. The University received over $174 million from the Foundation during 2013 for the funding of scholarships, professorships, and capital projects.

The financial statements include the discrete presentations of the Foundation’s statements. Governmental Accounting Standards Board (GASB) Statement 39, Determining Whether Certain Organizations Are Component Units, and Statement 61, The Financial Reporting Entity: Omnibus, an amendment of GASB Statements No, 14 and 34 require that financial reporting for a component unit that raises and holds funds for the direct benefit of the University be included in its financial statements.” (Source)

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Top University of Nebraska Headlines:

1) The University of Nebraska Foundation helps raise money for and manage the funds donated to the University of Nebraska’s four campuses. The endowment supports a multitude of causes, including need-or merit-based scholarships and structural improvements to the campus.

As of September 28, 2012, the University of Nebraska Foundation invested approximately $80 million, or 16%, of its nearly $500 million endowment in hedge funds. (Source)

2) “The University of Nebraska is engaged in important work that matters to Nebraska and to the world,” said James B. Milliken, president of the University of Nebraska. “The foundation’s tremendous success in the past year will help us advance our work in areas like cancer research, early childhood development, agriculture and building Nebraska’s workforce. One important component has been our ability to leverage the support of the Nebraska Legislature in providing funds for several major initiatives that will benefit the state.” (Source)

3) Brian T. Neale has accepted the position of Senior Director of Investments at the University of Nebraska Foundation, where he will be their first-ever in-house investment manager. Mr. Neale comes from MedStar Health, the largest healthcare system in the Washington, DC area, where he managed pension and other portfolios totaling more than $2.5 billion.  He previously worked as an institutional investment consultant for Wachovia Securities.

Brian is a Virginian of the old school – literally – with degrees from two of the Old Dominion’s most venerable colleges: a BA from the Virginia Military Institute in Lexington, and an MBA from the College of William and Mary in Williamsburg, Thomas Jefferson’s own alma mater.

His wife, on the other hand, is a native of Omaha, and will be moving closer to her family. Brian will be working closely with Foundation CFO Jason Kennedy and the investment committee to manage assets of nearly $2 billion, including the University’s $1.34 billion endowment.  The Nebraska endowment returned 12.9 percent last year, and 3.8 percent annualized for five years, standing high among their peers. (Source)

4) The University of Nebraska Foundation is pleased to serve as the college’s gift and fund manager. All contributions go completely and directly to the area you designate. Funding is sought to meet student, faculty, program, and building priorities. (Source)

5) A sustainability component is included in the University of Nebraska’s master plan. The Chancellor’s Commission on Environmental Sustainability has worked on initiatives related to climate, water, and waste reduction, and an employee works part time coordinating green initiatives on campus. The university purchases Energy Star appliances, postconsumer recycled paper products, and EPEAT-certified computers. (Source)

About Richard C. Wilson