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University of the Pacific Endowment Fund

Name: Endowment – University of the Pacific

Assets Under Management: $334 Million (Source: University of the Pacific on 6/30/2013)

Annual Report: The University of the Pacific Financial Statements June 30, 2014

Portfolio Insights: “The University of the Pacific (Pacific) was founded in 1851 as the first chartered institution of higher education in the state of California. Pacific is a mid-sized independent, comprehensive university offering a wide variety of high-quality undergraduate and graduate programs at its Stockton, Sacramento, and San Francisco campuses.

Pacific has been named as the residual beneficiary of certain trusts, and Pacific’s interest in those assets has been estimated and recorded as estate gifts receivable in the accompanying financial statements.” (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 the Pacific Endowment Fund Headlines:

1) University of the Pacific has been honored to receive an extraordinary gift from the estate of the late Regents Robert C. and Jeannette Powell. Valued at $125 million, their gift supports the Powell Scholars as well as the Powell Fund Match program, which will match new endowment gifts up to 1:1 with more than $60 million allocated for endowed scholarship matches and $25 million for endowed academic program matches. This gift is the largest in Pacific’s history – and it ranks among the largest single gifts to any institution of higher education in the U.S. The hard-working and humble Powells were stanch supporters of education and provided this gift to make the Pacific experience available to deserving students, while inspiring others through the matching program to do the same. (Source)

2) The University of the Pacific in Stockton, California, has announced a gift of roughly $125 million from the estate of Robert and Jeannette Powell.

Valued at $100 million when the Powells announced the bequest in 2007, the gift — the largest ever received by the university — immediately boosted Pacific’s endowment by nearly 60 percent, to $337 million. The university will allocate $35 million of the gift to the Powell Scholars program, which provides study abroad, research, and other enrichment opportunities and experiences for scholars; $25 million to create a matching fund to encourage others to create endowments for academic programs at the school; $3 million to maintain, store, and display Pacific’s permanent art collection; and more than $60 million to a matching campaign for endowed student scholarships. The gift also includes works of art from the Powells’ collection, valued at more than $400,000. (Source)

3) The University of the Pacific has been competing in intercollegiate athletics for nearly 100 years, yet the first endowment for Athletics was established in 1964. Currently there are thirty-three (33) scholarship endowments and thirteen (13) program funds that generate approximately $80,000 annually. (Source)

4) As Pacific’s Assistant Vice President of Treasury Management and Chief Investment Officer, Bayani Manilay is responsible for all facets of the management and administration of Pacific’s financial resources including endowment, working capital, planned giving assets and institutional debt.

He also serves on university-wide committees to advance key initiatives.  Current assignments include the University Retirement Sub-Committee and the Endowed Scholarship Committee. (Source)

5) University of the Pacific has established a Strategic Investment Fund (SIF) to allow us to invest in critical strategic efforts over the next few years. This is an enormous accomplishment. Our University community has worked incredibly hard over the last year to review our administrative efficiency, making tough choices along the way. Coupled with Academic Planning and Alignment, these projects required intensive effort and emotional fortitude. I am profoundly grateful for your efforts, your patience, and your confidence in Pacific’s future throughout this process.

The Strategic Investment Fund will help Pacific change with the times, without relying on steep tuition increases. The fund will be used for projects or initiatives that will lead to the accomplishment of Pacific 2020’s four strategies: building our academic strength and reputation, pursuing new students in our three cities, preparing our students for success, and developing organizational capacity. Once accomplished, these strategies will enable the University to fulfill its 2020 vision of a transformative educational experience for all students. (Source)

About Richard C. Wilson