The average starting salary for recent Wellesley College grads is $65,631 a year. The college carefully invests gifts to the endowment, with an eye towards strong financial returns via investments that meet Wellesleys high ethical standards. List of colleges and universities in the United States by endowment, Endowments per student greater than $1million, Last edited on 27 February 2023, at 23:56, University of North Carolina at Chapel Hill, Lists of institutions of higher education by endowment size, "National Association of College and University Business Officers", "Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns", "Yale endowment earns 40.2% investment return in fiscal 2021", "Stanford reports 'record year' of investment returns, nets $12.1 billion in gains", "Princeton's endowment returns continue to support University mission and impact", "Wealthy colleges face uncertainty as they seek ways to avoid new endowment tax", "The wealthiest universities are paying big endowment tax bills, but how much are others who are on the hook paying? The three key reasons why people thrive here are: Ray Oquendo joined Wellesley College in May 2010 and serves as Chief Operating Officer. The endowment spending rate approved by the Board of Trustees stands at 4.25%. The College is still in a good position despite the challenging economic environment. never heard of it. The actual cost of attendance was well over $80,000 per student just a few years ago. The loss also represents the second-worst annual investment return Wellesley College has seen in the last 20 years. In the spring of 2021, the Board of Trustees affirmed an Investment Committee decision to prohibit commitments to private equity funds devoted to oil and gas investments. Job in Wellesley - Norfolk County - MA Massachusetts - USA , 02482. Totaling $2.6 billion on June 30, 2021, the endowment is managed by the Smith College Investments Office, under the supervision of the Investment Committee. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. Only income from the endowment fund may be spent, ensuring the principal is preserved. Williams Colleges endowment saw an 11.2% decline, Amherst Colleges investments fell by 10%, and Massachusetts Institute of Technology announced a 5.3% loss. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. Since 1875, Wellesley College has been a leader in . The Public Ivies also report smaller endowments than the Ivies and these endowments must stretch further because of their larger student bodies. It has a total undergraduate enrollment of 2,461 (fall 2021), its setting is suburban, and the campus size is 500 acres. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Wellesley's endowment of $3.226 billion is the largest out of all women's colleges and the 49th largest among all colleges and universities in the United States in 2019. No new commitments to private equity oil and gas funds have been made since 2017. Established in 1919, its central focus is on entrepreneurship education . Errors are noted below: Thanks for reaching out. Babson College is a private business school in Wellesley, Massachusetts. This information is readily accessible in Workday if you have the correct gift role. Walsh recently led a five-year comprehensive fundraising campaign, which closed in October 2005 after raising $472.3 million, a record for a liberal arts college. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. [9][10] Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research. Endowment per Student is a good indicator of the amount of aid it is likely to grant. For the gender breakdown for all students, go here. Saujani will receive an honorary degree at the event. Wellesley has the largest endowment of the Seven Sister. In their annual report released earlier this month, the Wellesley College Investment Office reported that the endowment experienced 46.5% growth in the 2021 fiscal year, a record high. Many institutions of higher education in the United States maintain financial endowmentssums of money that are invested in stocks, yielding returns that fund a portion of an institution's operational expenses and help ensure it survives in perpetuity. With an $887.4 million endowment last year, 186-year-old Oberlin is wealthier than most small private institutions, but far behind its wealthier peers -- colleges like Amherst, Swarthmore and Wellesley all reported endowments at or near $2 billion. Wellesley Collegehas an exchange program with Spelman College. Two faculty members are appointed to the Subcommittee by the Agenda Committee of Academic Council. More Emmett Jennett '15 Investment Associate Emmett Jennett joined Wellesley College as an Investment Analyst in July 2015. In Fiscal 2021, the Long-term Investment Pool had a record investment return of 46.5%. She begins her new role at Union on Jan. 2, 2023. Year by year, the College has been steadily increasing the total cost of attendance, and the 2021-2022 school year was no exception. The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year. The money raised for the endowment will go towards a multitude of purposes, including helping students fund their education and supporting professor Each year, 20% of the total budget from the endowment is based on the average endowment value of the past three years, times the target-spending rate. The Investment Office and the Investment Committee remain focused on long-term growth to ensure that the endowment continues to support the Colleges mission. Wellesley student orgs lead collection drive and fundraiser for relief, BSA hosts International Mother Language Coffeehouse, Renowned photographer gives energetic artist talk, The Starling Girl Brings Agency to the Forefront. We will be in touch soon. The Board is committed to investing in a manner consistent with the College's mission, values and principles. Prestige, endowment, program rank, acceptance rate, tuition, notable professors, student life, et cetera so has literally every single other rankings list that claims to be valid Request Profile Update Download Data $2,991,368,000 Assets 10 Contacts Home Profiles Endowment North America Tuition and fees (out-of-state) $56,052. Tenth Floor To that end, the College invests only with managers who meet high ethical, investment, operational and performance standards. Keohane also served on other boards as a representative of Wellesley College and the academic world. Investment performance drove the June 30, 2021 value of the pool to $3.226 billion, an increase of $958 million from the prior year. The difference between the portfolio and the benchmark is a measure of the value added by the Investment Office and the Colleges investment managers. Its endowment is now valued at $2.72 billion. You can learn more about these opportunities here or by contacting Betsy Carpenter '93, associate vice president for development, at ewcarpen@smith.edu or 413-585-2052. The Policy Portfolio, established by the Wellesley College Investment Committee, guides asset allocation. But Watts said the endowment, which he said ranges from $500 to $700 million, is smaller than the endowments of other colleges in Oberlin's peer group. Wellesley College posted an 8.8% return for its endowment for the fiscal year ended June 30, according to the Massachusetts-based college's annual report. During FY21, the value of the portfolios fossil fuel exposure increased to $94.5 million from $84.7 million the year before as the value of private equity oil and gas interests recovered. Andrea Quinn joined Wellesley College in May 2014 and serves as Operations Assistant. Members of the College community with questions, suggestions, or thoughts about the management of the Wellesley College endowment are invited to contact me at any time. We use a blend of 65 percent stocks (as measured by the MSCI ACWI) and 35 percent bonds (as measured by the Citigroup World Govt Bond Index). She also estimates that there will be a spending bump in the 2024 fiscal year. In executing the investment strategy, the Investment Office team aims to add value within asset classes through long-term partnerships with strong performing, highly ethical investment managers. Endowment and restricted gifts accounting aims to provide: Wellesley College's endowment return fell by roughly $291 million in the 2022 fiscal year, the first year of negative return since 2017. Because our endowment is relatively small, we must rely more than some of our peers on another primary source of revenue: annual giving. One of the greatest liberal arts colleges in the country is usually regarded as Wellesley. The endowment returned 8.8% for the fiscal year ended June 30, 2020. Investment Director. Endowment and restricted gifts accounting aims to provide: Clear, concise and timely dissemination of policies and procedures related to endowment and restricted gifts, Proper recording of gifts in the financial system to ensure compliance with donor's intentions, Information to departments with restricted gifts so that gifts are spent in accordance with donor's intentions, Professional and helpful interactions with the College community and external banks on all endowment, restricted and planned giving gift accounting matters, Mailing address:Wellesley CollegeController's Office106 Central St., GRH139Wellesley, MA 02481-8203, Higher Education Emergency Relief Fund (HEERF), AVP for Finance, Controller and Assistant Treasurer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. Debby Kuenstner joined Wellesley College as Chief Investment Officer in February 2009. Still, the immediate challenge of inflation may put pressure on the endowments support for the budget, given the unpredictable nature of the economy. It was a women-only institution at a time when women were generally denied access to higher education. Opportunities for establishing endowed funds begin at $150,000. Investment OfficeNehoiden HouseWellesley College91 Dover RoadWellesley, MA 02482, Debby Kuenstner, Chief Investment Officer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. Board of Trustees to vote on divestment in late April. bookstore, conference services, golf course, etc.). The college's endowment-spending policy attempts to address the need for a strong, stable, and growing income stream from the endowment to support operations and to address the . Leverage your professional network, and get hired. Endowments, foundations expect to increase alternatives allocations CAPTRUST, College endowments post an average net 8% loss in fiscal year, Sponsored Content: 2023 Investment Outlook, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, Compare returns of school endowments with P&I's Endowment Returns Tracker, Wellesley College records 8.8% fiscal-year return, Trinity University endowment returns 36.3% for fiscal year, Colgate University returns 35.8% return for fiscal year. In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. Average starting salaries vary by discipline, but the average starting salary for all 2021 graduates was around $60,000 a year. Administration chose to increase the tuition, room and board cost for a total increase of $2,820 in the 2021-22 school year, joining dozens of other colleges, such as Juilliard and Harvard. Debby Kuenstner 80 is Wellesley's chief investment officer. Bonds suffered as yields rose in anticipation of improved economic activity, and short-term interest rates remained depressed. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Required fields are marked *. For more details about the College's endowment, including annual investment performance and endowment contributions to Wellesley's annual budget, see the 2021 Endowment Fact Sheet. Wellesley College; The Ivy League vs. the Almost-Ivies. Investment OfficeNehoiden HouseWellesley College91 Dover RoadWellesley, MA 02482, Debby Kuenstner, Chief Investment Officer, Copyright Trustees of Wellesley College | Wellesley College 106 Central Street Wellesley, MA 02481 (781) 283-1000. 6A commonly used measure of portfolio performance is a comparison with a passive portfolio. Over the long term, we have had top quartile investment returns, she said. 130 E. Randolph St. As of June 30, 2021, the three-, five-, and ten-year annualized returns for Bowdoin's endowment were 22.7 percent, 19.2 percent, and 14.5 percent, respectivelyplacing Bowdoin among the top-performing endowments in the country across these time periods. The goal of endowment and restricted gifts accounting is to uphold the Controllers Office mission by providing high quality and efficient accounting services on endowments and restricted gifts to faculty, staff, and administration and to ensure the proper recording of donor's gifts. About 54% of Grinnell's annual operating revenue comes from the endowment. Against this backdrop, venture and growth equity strategies delivered extraordinary returns. Equity markets were buoyed by a turnaround in earnings, and real assets benefited from supply-demand imbalances as economies recovered. Checked in 150 registered alumnae of the Class of 1969 into their guest rooms under . It's a rewarding and invigorating workplace - an exciting launch pad for anyone who . The Wellesley College Board of Trustees is responsible for the investment of the College's Endowment. According to Chief Investment Officer, Debby Kuenstner, the losses were driven primarily by the poor performance of financial markets, which include public equities, hedge funds, fixed income, and private investments, which yielded negative returns. Is likely to grant equity strategies delivered extraordinary returns pad for anyone.... 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