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University of North Florida Foundation, Inc. Endowment Fund

Name: University of North Florida Foundation, Inc.

Assets Under Management: $100 Million (Source: University of North Florida Foundation, Inc. on 6/30/2013)

Annual Report: University of North Florida Foundation, Inc. Financial Statements and Suplementary Information June 30, 2013 and 2012

Portfolio Insights: “University of North Florida Foundation, Inc. (the “Foundation”) presents comparative financial statements as of and for the years ended June 30, 2013 and 2012. The Foundation exists for the sole purpose of providing financial support to students and programs of the University of North Florida (the University”) and is a direct support organization and component unit of the University (a governmental agency).

Investments are recorded at fair value and consists of government and agency mortgage backed securities, corporate bonds, mutual funds, and alternative investments which include hedge funds, private equity funds, global equities/fixed income funds, absolute return fund, real assets fund.” (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 North Florida Foundation, Inc. Endowment Fund Headlines:

1) The University of North Florida Foundation to date has raised more than $233 million for scholarships, academic programs, endowed chairs and buildings for the 40-year-old university. The University recently concluded its most successful capital campaign to date, raising more than $130 million dollars with an original goal of $110 million in the six-year campaign. The incoming vice president will be expected to continue and enhance these activities because of decreased availability of state funds. This ongoing challenge requires extraordinary leadership and results from the vice president for Development and Alumni Affairs in raising significant private funds to support rapidly growing needs for academic programs, student scholarships, fellowships, buildings and facilities. In line with the above, UNF strategically supports an aim to operate as a preeminent, vibrantly inclusive higher educational institution. (Source)

2) Relatively aggressive use of alternative investments at the University of North Florida Foundation for an endowment with a $68 million market value. As of June 30, 2010 the allocation was 9.6% domestic equity, 11.1% international equity, 11.3% global opportunistic strategies, 12.3% absolute return, 17.4% private equity, 3.7% real estate, 9.5% energy/natural resources, 14.5% enhanced fixed income, 0.9% traditional fixed income and 9.6% cash. After a 28.3% loss in FY 2009, the endowment had a 9.1% return in FY 2010. (Source)

3) Ambassador Marilyn McAfee is a member of the University of North Florida Foundation Board, the Community Hospice Board and for 12 years Board Member, Baptist Medical Center Beaches. In 2005 Ambassador McAfee was awarded the Florida Times-Union’s Eve Award for Outstanding Volunteer Service. Her home is in Ponte Vedra Beach, Florida. Lisa Rinaman Lisa Rinaman, our St. Johns Riverkeeper, is the chief advocate and public’s voice for the St. Johns River. (Source)

4) The National Park Service Timucuan Ecological and Historic Preserve would like to thank its sponsors for their financial assistance in hosting this annual event. Thank you to Jacksonville University and the University of North Florida Foundation. Sponsorship funds will be used to establish two $500 student grants through the Timucuan Trail Parks Foundation to support research within the Timucuan Preserve. (Source)

5) The Jacksonville Business Journal honored 25  First Coast Veterans of Influence on June 5, 2014.  The award honors military veterans who have distinguished themselves in service to their country, commitment to the community, and in service to their second career.

Howard C. Serkin, chairman of Heritage Capital Group, gained many of his most valuable career skills underwater. Once a lieutenant in the U.S. Navy, Serkin was assigned to nuclear submarines, performing deep submergence rescue and salvage projects.

That intensity of focus has served Serkin well in his professional life. His commitment to detail and verve for life have made him a notable Jacksonville player in the realm of buying, selling and merging businesses, but it’s his community involvement that is truly impressive, spanning from his support of the University of North Florida Foundation and Museum of Contemporary Art Jacksonville to Leadership Jacksonville and the Cultural Council of Greater Jacksonville. All of it, he said, springs from his professional work. (Source)

About Richard C. Wilson