Name: Webster University
Assets Under Management: $461.1 Million (Source: Webster University on 5/31/2014)
Portfolio Insights: “Webster University (the “University”) is a not-for-profit, private university located in Webster Groves, Missouri. The University’s community is a highly diverse population of more than 22,000 men and women who represent approximately 100 nationalities, nearly every racial, ethnic, cultural and socioeconomic background and students who range from traditional college age to older adults.
The University considers money market funds held by investment managers as part of the investment portfolio. Investments acquired by gift or bequest are recorded at fair or appraised value at the date acquired. Investment return includes dividend, interest and other investment income; realized and unrealized gains and losses on investments carried at fair value; and realized gains and losses on other investments.” (Source)
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Top Webster University Endowment Fund Headlines:
1) Webster University ensures that every student has access to financial aid in order to fund the cost of their tuition. If you wish to apply for Federal Student Aid you must follow the procedures precisely in order to receive an award. Please note that you may apply for Financial Aid throughout the year, but the deadline for maximum award amounts is March 1st every year.
American citizens, U.S. national, permanent residents, refugees, or those who reside permanently in the Trust Territory of the Pacific Islands or the Commonwealth of the Northern Mariana Islands are eligible for Federal Student Aid. (Source)
2) Dr. Elizabeth (Beth) J. Stroble was named President of Webster University in 2009. She leads the University’s mission as a worldwide institution transforming over 20,000 students for individual excellence and global citizenship. Since her arrival, Webster has advanced global academic and operational excellence through strategic investments across the global academic enterprise, including technology infrastructure. Under President Stroble, Webster completed the largest comprehensive capital campaign in its history, more than doubled its endowment, and significantly increased scholarship support for students. Expanded partnerships locally and globally have strengthened the university’s reach and impact to its locations in eight countries and four continents. (Source)
3) Dr. Julian Z. Schuster has been named Provost and Senior Vice President at Webster University. Dr. Schuster currently serves as Founding Dean of the Hamline School of Business at Hamline University in St. Paul, Minn. As Provost, Dr. Schuster will serve as Webster’s chief academic officer and chief advisor to President Elizabeth (Beth) J. Stroble, and will have direct involvement in the strategic and day-to-day leadership of the institution. (Source)
4) Webster University Senior Vice President and Provost Dr. Julian Z. Schuster today announced the appointment of James A. Myers to the position of Director of Financial Aid. Myers, who will join Webster on Sept. 10, currently serves as Director, Office of Financial Aid at McKendree University in Lebanon, Ill.
At Webster, Myers will be responsible for the administration of all student financial aid programs and for maintaining accountability for all funds in accordance with federal, state and University regulations. He will direct the processing of all financial aid applications at Webster’s home campus and other site locations, and oversee the advising and counseling of all students regarding availability of financial aid resources. Myers will report to the Associate Vice President for Enrollment Management. (Source)
5) Webster University alumna Jane Robert and her husband, Bruce, have donated $1 million to establish the Jane and Bruce Robert Professorship in French and Francophone Studies in the University’s College of Arts and Sciences. This is Webster’s first opportunity to recruit a full-time, continuing faculty member into a named professorship supported by an endowment from an alumna and her husband. It also ranks among the largest alumni gifts in the University’s history.
“Longtime friends of Webster University, Jane and Bruce Robert have now through their generosity significantly furthered Webster’s capacity for leadership in global academic excellence,” said Webster President Elizabeth (Beth) J. Stroble. “We are grateful to be a recipient of their philanthropy and to advance this university’s impact on students and community through a first-of-its-kind gift. For an alumna and advisory board chair to invest in her institution by enhancing our full-time faculty is notable and ground-breaking.” (Source)