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Wheaton College Endowment Fund

Name: Wheaton College

Assets Under Management: $667.5 Million (Source: Wheaton College on 6/30/2012)

Annual Report: Wheaton College Consolidated Financial Statements and Schedules June 30, 2012, with comparative information as of June 30, 2011

Portfolio Insights: “Wheaton College, incorporated under a special 1860 charter of the Illinois legislature as The Trustees of Wheaton College (the College), is a coeducational, Christian liberal arts college that seeks to relate Christian liberal arts education to the needs of contemporary society. The College is a member of the North Central Association of Colleges and Secondary Schools and is accredited by the National Council for Accreditation of Teacher Education and National Association of Schools of Music.” (Source)

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Top Wheaton College Endowment Fund Headlines:

1) Wheaton College is a private, coeducational, liberal arts college with a student body of 1,500. It was founded in 1834, and chartered as a four-year liberal arts college in 1912. It became co-educational in 1988, the college’s Phi Beta Kappa chapter was established in 1932. In 2001, Wheaton was the only private liberal arts college in the US to have students win the Rhodes, British Marshall, Truman, Fulbright and Udall scholarships. Since 2000, Wheaton students have won more than 12 national awards. The value of Wheaton’s Endowment has risen by 2.5% from the end of 2002 to the end of 2003. (Source)

2) October 23, 1995 – The $145 million endowment of Wheaton College, Wheaton, Ill., hired BlackRock (BLK) Financial Management for fixed income and Templeton Worldwide for emerging markets, said Kenneth C. Larson, investment manager. In fixed income, the endowment initiated a search after its existing fixed-income manager, PNC Bank, acquired BlackRock and gave the new firm its fixed-income management. “We felt like we were getting a new manager, so we thought we’d look at the competition and do a search,” he said. The endowment assigned BlackRock $22 million, the same amount PNC was running. Templeton was assigned $1 million in emerging markets equities.The endowment did both searches without a consultant. The Los Angeles County Metropolitan Transportation Authority hired ICMA Retirement Corp. as bundled provider for its $100 million-plus 457 plan and $25 million 401(k) plan, said Raman Raj, director of compensation and benefits. (Source)

3) Wheaton College is in the middle of the largest fund-raising drive in its history. Officials with the 148-year-old college have gone public with a $260 million campaign to bring new buildings, create new scholarships and bulk up the school’s overall ability to fund teaching and learning.

“This is the most we’ve ever asked for by quite a bit,” college spokeswoman Sarah Clark said. “Some of our alumni have definitely said, ‘$260 million!'”

The college already has raised more than $162 million through quiet contributions during the past three years when the campaign was in a non-public phase. Clark said raising the money was easier once Wheaton College’s financial picture was put in perspective. (Source)

4) Wheaton College’s 179th commencement ceremony on Saturday not only marked a new stage for the 391 members of the Class of 2014, but it also marked a new beginning for outgoing college President Ronald Crutcher who will be leaving his post in June. Dennis Hanno will become the college’s next president July 15.

“Indeed this does signal the beginning of a new phase of your life and of mine as well,” Crutcher said. “We are about to begin a new relationship with this college and community which has come to mean so much to each of us.” (Source)

5) Wheaton College, founded in 1860, is a private, interdenominational Christian college. The College has approximately 2,400 undergraduates and 500 graduates. Over the past decade years the Endowment has doubled in value thanks in large part to highly successful fund-raising campaigns. (Source)

About Richard C. Wilson