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Wellesley College Endowment Fund

Name: Wellesley College

Assets Under Management:  $1.79 Billion (Source: Wellesley College on 6/30/2013)

Annual Report:  Wellesley College Annual Report 2012–2013

Portfolio Insights: “This Annual Report of the finances of Wellesley College covers the fiscal year ending June 30, 2013. In addition to the audited financial statements, it presents the College’s operating budget, as well as key financial and operating facts and statistics.

The College’s finances, and its balance sheet in particular, remain strong. As of June30, 2013, the College’s net assets stood at $1.783 billion, an increase of $124 million. Investment returns in excess of endowment distributions for operations accounted for 78 percent of this increase, and gifts and pledges for the rest. Total liabilities decreased slightly to $364 million, modest against total assets of $2.1 billion. Wellesley’s endowment per student increased from $653,000 to $704,000, a gain of 8 percent. Total gifts received were $ 42.5 million, an increase of nearly 8 percent. Finally, endowment distributions for operations were 5.1percent and 4.9 percent of the one-year and three-year trailing average endowment market value. (The chief investment officer’s report provides further details about the endowment, and additional statistics can be found in schedules C and E.)” (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 Wellesley College Endowment Fund Headlines:

1) The Wellesley Centers for Women (WCW) at Wellesley College is the largest social science organization in the U.S. dedicated to gender research. The College founded the Center for Research on Women in 1974 and the Stone Center for Development Services and Studies in 1981. The two centers came together in 1995 to form a single organization–the Wellesley Centers for Women.

The Centers offers five internships for Wellesley College students, providing meaningful research experiences. WCW also employs dozens of the College’s students each year to work in a variety of program support roles. A few WCW researchers and scholars at WCW teach Wellesley College courses or in the Madeleine Korbel Albright Institute for Global Affairs.

Wellesley faculty and students also benefit from WCW’s NGO status and can participate in the annual United Nations Commission on the Status of Women meetings in New York City. WCW scholars occasionally collaborate with faculty and students on special initiatives and programs–planning seminars, hosting guest speakers, and networking building. WCW Lunchtime seminars held several Thursdays during the fall and spring semesters are open to the College and greater community. (Source)

2) Wellesley College, located in Wellesley, Massachusetts, near Boston, was founded in 1870 and admitted its first degree-seeking students in 1875. It is a medium-size liberal arts college for women with an enrollment of about 2,300 students. There are 333 full-time and part-time faculty members. In 1998-99, its operating and capital budgets were about $130 million, and its endowment stands at $780 million. Wellesley is a merged-technology environment, with both library and computing staff reporting to the vice-president for Information Services, who is also the college librarian.

The Margaret Clapp Library’s holdings number more than 1.3 million books, periodicals, microforms, music scores, sound recordings, videocassettes, maps, and CD-ROMs. It also houses an important collection of federal and international documents. The special collections include letters, manuscripts, and rare books; the archives contain materials documenting the history of the college.

The library employs 14 librarians, one archivist, and about 23 full-time support staff. In addition, the library hires the full-time equivalent of about 26 student assistants. The library’s FY 1999 budget is $4,917,559. (Source)

3) It is with great honor and privilege that Wellesley College announces the establishment of the Linda K. Vaughan Endowment Fund to support the Friends of Wellesley College Athletics (FOWCA).  Linda is Professor Emerita and former chair of the Department of Physical Education, Recreation and Athletics (PERA) and was a pioneer in the establishment of FOWCA in 1986, serving as its first co-chair. Her generous gift was made in honor of Katherine “Kitsy” Rigler ’61 who was the first alumna co-chair—with Vaughan—of FOWCA for its first seven years. Linda’s commitment will enhance FOWCA’s organizational mission to support student-athletes and encourage a lifelong interest in fitness and athletics among students, alumnae and campus community members for years to come. (Source)

4) A huge winner in the asset allocation sweepstakes has been Harvard’s endowment fund, the Harvard Management Company. Its current manager is Jane Mendillo, who previously ran the $7 billion Wellesley College endowment fund. At Wellesley, she earned 13.5 percent during her five-year tenure, beating the market each year.

A lot of the fund’s recent fame, of course, belongs to its recent former manager, Mohamed El-Erian, CEO of bond fund Pimco. Asset classes is an interesting and useful tool, strategically speaking. An allocation is merely how much of stocks, bonds, and cash you hold at any given time. Foreign stocks, foreign bonds, real estate, and commodities are additional investment options available to institutions like Harvard which control hundreds of millions of dollars of investable assets. (Source)

5) On June 30, 2013—the end of the fiscal year—the Wellesley College endowment had a market value of $1.576 billion (versus $1.469 billion on June 30, 2012—an increase of $107 million). Investment return earned by the endowment portfolio for this fiscal year, net of investment management fees, was 12.5 percent.

Stabilization and improvement in developed market economies during FY13 resulted in strong gains in global equity markets. U.S. and non-U.S. developed equity markets posted double-digit returns. In emerging-market equities, moderate local currency returns were partially offset by currency weakness, resulting in a low single-digit return. Against this backdrop, private equity returns were robust. (Source)


About Richard C. Wilson