Name: Washburn University Foundation
Assets Under Management: $184.9 Million (Source: Washburn University Foundation on 6/30/2014)
Portfolio Insights: “The Washburn University Foundation has $184.9 million in total assets as of June 30, 2014, and according to the 2013 NACUBO-Commonfund Study of Endowments, it ranks in the top 50 of public institutions for endowment per student FTE. According to the same study, Washburn University Foundation had a 12 percent three-year average investment return, placing it in the top 10 percent of all public institutions. The Foundation’s investment return for fiscal year 2014 was 15.2 percent.” (Source)
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Top Washburn University Foundation Endowment Fund Headlines:
1) The Washburn University Board of Regents received a jolt of welcomed economic news at the start of its monthly meeting Wednesday.
The assets of the Washburn University Foundation, the regents heard, grew by more than 22 percent in 2011. The total endowment growth from $116.6 million at the end of 2010 to nearly $142.8 million at the close of 2011 came largely through greatly improved returns on invested funds, said JuliAnn Mazachek, president of the foundation.
“This is the result of a very qualified committee of alumni working diligently to oversee our invested funds,” Mazachek said of a growth rate that bettered the 19 percent national growth average of college endowment funds, as measured by the National Association of College and University Business Offices.
While rated 334th nationally in total endowment in the end-of-year NACUBO report, Mazachek said Washburn’s per capita endowment — funds available for each full-time equivalent student — ranked 35th nationally and second in Kansas, trailing only The University of Kansas. (Source)
2) Washburn University Foundation assets of approximately $132 million rank Washburn second in the state on a per-student basis among the public institutions. Washburn is annually ranked as one of the best colleges in the Midwest by U.S. News and World Report. (Source)
3) According to a press release sent on April 25, Washburn University recently received a gift of more than $1 million. The gift came from the estate of Mabel Asenath Clem Henderson who passed away in September 2013, in Topeka, Kansas. Henderson, a native of Corning, Kansas, named Washburn University as a beneficiary in her estate because of her love of education.
Henderson’s nephew, Steve Wesley from Crossville, Tenn. said his aunt and her husband LaVern Henderson valued education and saw it as a way to achieve their dreams. “This gift to Washburn is their way of helping future students obtain a college education,” said Wesley.
Dr. JuliAnn Mazachek, president of Washburn University Foundation said the foundation is honored that Washburn was chosen as the recipient of such a generous estate gift. (Source)
4) On Oct. 26, 2013, at White Concert Hall, Washburn University and Washburn University Foundation launched the public phase of 150 Forward: The Campaign for Washburn University, a multifaceted $100 million campaign to raise funds for scholarships, faculty and programs, learning spaces, and annual giving. Jerry Farley, president of the University, and JuliAnn Mazachek, president of Washburn University Foundation, announced plans to raise an additional $20 million to match a $20 million commitment from the University to create a new law school building. Constructed after the 1966 tornado, the current structure has undergone numerous additions and renovations to improve the educational experience and program offerings for students. Much has changed in legal education in the decades since the school was built. Today, legal education requires specialized programs, collaborative spaces, enhanced technology, and teaching resources. (Source)
5) The philanthropist who donated $1 million toward a new recital hall at Washburn University was Topekan James Van Sickle, the university’s foundation revealed this week. Van Sickle has served on the Topeka Symphony Orchestra’s board of directors since 1988, a press release said, as well as on the Washburn University Foundation board of trustees since 2000. His gift will allow Washburn to hire an architect and begin planning for a recital hall that would offer an alternative to White Concert Hall for performances with smaller audiences. (Source)