Name: Washington and Lee University
Assets Under Management: $1.345 Billion (Source: Washington and Lee University on 6/30/2012)
Portfolio Insights: “Washington and Lee University’s endowment comprises two elements: gifts to the University held in the investment pool and Trusts Held by Others. The University’s aggregate endowment grew to $1.345 billion in 2013. This was an increase from $1.262 billion as of June 30, 2012. Strong investment markets which yielded returns on the internally managed endowment funds in excess of 10% and inflows of gifts more than offset the allocation of endowment to operating support of $49.8 million. Trusts Held by Others increased by $5 million while the internally held endowment grew by $78 million.” (Source)
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Top Washington and Lee University Headlines:
1) Washington and Lee University is a private institution that was founded in 1749. It has a total undergraduate enrollment of 1,855, its setting is rural, and the campus size is 430 acres. Washington and Lee University’s ranking in the 2015 edition of Best Colleges is National Liberal Arts Colleges, 14. Its tuition and fees are $45,617 (2014-15).
Washington and Lee University is located in historic Lexington, Va., three hours southwest of Washington, D.C. The school fields 24 NCAA Division III sports and most compete in the Old Dominion Athletic Conference. Its men’s and women’s tennis teams have both won national championships. There are more than 120 student organizations, including several secret societies, such as the Mongolian Minks, the Cadaver Society and the Sigma Society. Approximately 80 percent of students are involved in Greek life, which comprises nearly 25 fraternity and sorority chapters. Freshmen are required to live on campus in one of four residence halls. (Source)
2) Washington and Lee has committed to reducing greenhouse gas emissions 20 percent from 2007 levels by 2020 and has reduced building energy consumption by 6 percent since 2005. The university has installed energy-saving improvements across campus, including heat recovery and energy management systems, high-efficiency lighting, and temperature setbacks. (Source)
3) Washington and Lee University, in Lexington, Va., is offering free tuition to any admitted undergraduate student with a family income of less than $75,000. It is also offering loan-free assistance to cover room and board, the university announced Monday. The university will set aside $160 million for financial aid as part of its ongoing $500 million endowment campaign. It has already raised $132 million in gifts toward the financial aid goal.
“The campaign explicitly cites our commitment to recruit and support students with exceptional personal and intellectual characteristics, regardless of financial circumstances,” said W&L president Kenneth Ruscio. “We are expanding financial aid through a strategy of endowment rather than increased tuition for full-pay students.” (Source)
4) Founded in 1749, Washington and Lee University is named for two of the most influential men in American history: George Washington, whose generous endowment of $20,000 in 1796 helped the fledgling school (then known as Liberty Hall Academy) survive, and Robert E. Lee, whose presidency and innovative leadership brought the University into the national limelight.
The University is located in the historic city of Lexington (population 7,000) in the Great Valley of Virginia about three hours southwest of Washington, D.C. W&L’s 35 principal buildings include the picturesque Washington College group forming the Colonnade facing Lee Chapel, where Robert E. Lee is buried. The Colonnade and Lee Chapel are National Historic Landmarks. New or recently renovated buildings include the John W. Elrod University Commons, the journalism department’s Reid Hall, the Doremus fitness center and Wilson Hall, the fine arts and music center. (Source)
5) Washington and Lee University has provided this net price calculator as a guide for parents and students seeking information on the affordability of a private university education. In order to provide an accurate estimate of your financial need it will be necessary for you to enter detailed information about your family’s resources. When completed, the calculator will display an estimate of the institutional, state, and federal aid you might expect to receive if you are accepted to the university. (Source)