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Widener University Endowment Fund

Name: Widener University

Assets Under Management: $339.2 Million (Source: Widener University on 6/30/2013)

Annual Report: Widener University Financial Statements Years Ended June 30, 2013 and 2012

Portfolio Insights: “Founded in Wilmington, Delaware, in 1821, Widener University (the University) comprises eight schools and colleges that offer liberal arts and sciences, professional, and preprofessional curricula.

The University records investments at fair value. Long‐term investments are comprised primarily of the endowment fund, which has a fair value of $80,514 and $72,610 as of June 30, 2013 and 2012, respectively and are invested through a fund manager.”(Source)

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Top Widener University Endowment Fund Headlines:

1) Widener University has been awarded a $1 million endowment and a one-time $50,000 bridge grant from the Bernard Osher Foundation through its Reentry Scholarship Program. The endowment will help fund scholarships for adult students who have previously interrupted their educational studies for reasons beyond their control.

This $1 million endowment was preceded by three annual grants of $50,000 each, which in total have funded 41 scholarships for Widener adult students. Since 2007, The Bernard Osher Foundation has enabled Widener’s University College to provide financial assistance to adults who have the desire to complete their degree, removing a major obstacle to degree completion. (Source)

2) University Crossings, a $50 million Widener University project that is bringing new businesses, services, and more than 100 jobs to Chester. In addition to a projected economic impact of $1 million dollars each year, University Crossings provides over $1 million in property tax revenue to the city and the Chester Upland School District, more than $800,000 in earned income tax revenues from the new jobs created, and $600,000 in business privilege taxes, over the next 10 years. (Source)

3) Widener University recently became the first university in the region to join the Clinton Global Initiative University (CGI University) Network. A consortium, founded by former President Bill Clinton, which provides support and funding to students who are committed to developing solutions for some of the world’s most pressing challenges.

Widener students were invited to develop a plan that addresses an issue at Widener, the community, or around the world and relates to one of five focus areas: education, environment and climate change, peace and human rights, poverty alleviation, or public health. (Source)

4) Widener University is located in Chester, Pennsylvania, about 15 miles south of Philadelphia. The school began as a preparatory school for boys in 1821, became a military academy a few decades later, and is now a coed university with more than 40 undergraduate programs. Students at Widener University can also pursue a variety of master’s degree programs, including business, law and education. Part of Widener University’s mission is to help the local community, so each year, many Widener students tutor and mentor local children, build houses, donate blood and help low-income Chester residents with their taxes.

At Widener University, students can get involved in more than 80 campus clubs, pledge with about 10 fraternities and sororities and play intramural sports. More serious athletes can join the Widener Pride athletic teams, which compete in the NCAA Division III Commonwealth Conference. Esteemed director Cecil B. DeMille, whose films include “The Ten Commandments” and “Cleopatra,” attended Widener when it was known as Pennsylvania Military College. (Source)

5) Widener University is partnering up with a local coffee company in order to launch their own environmentally-friendly coffee. The new coffee will be called “WU Brew,” and is said to come out on April 22, in celebration of Earth Day. Students and professors from the University traveled to Costa Rica in order to learn about environmentally friendly ways to produce coffee. The new coffee will allow students to put their newly obtained information to work. Those interested in purchasing the coffee can order a 12-ounce bag for $13.99. Purchasing the coffee will help support research and service-learning opportunities in order for Widener students to work with farmers in Las Lajas. Owners also offered to donate a portion of each bad sale to the students. Dark roast and medium roast coffees will be available for those interested. (Source)

About Richard C. Wilson