The Bowdoin College endowment has surpassed the $1 billion mark for the first time in the school's 219-year history. These multi-year, current-use gifts honor William DeWitt Hyde, seventh president of Bowdoin (18851917), whoseOffer of the Collegeresonates with alumni from all eras. is used to support lecturers or courses in the field of religion or human rights. Scholarship Fund, Jane Dean Lanphear Memorial Scholarship Fund, Jane H. and Charles E. Parker Jr. Art Acquisition Fund, Jane H. and Delbert R. Nash '50 and John R. and Judith N. Smith '78 Scholarship Fund, Jane Tappan Scholarship FundJanes Family Scholarship Fund, Janice Filipowicz Strauss and William Theodore Strauss III Memorial Scholarship Fund, Jasper Jacob Stahl Lectureship in the Humanities, Jean L. and Raymond Troubh Scholarship Fund, Jefferson L. Miller, Jr. Family Scholarship, Joan Benoit Samuelson '79, P'l2 Scholarship Fund, Joanna Leigh Cohen '03 Learning and Teaching Fund in the Baldwin Center for Learning and Teaching, Jocelyn R. Shaw '80 Fund for Progress in Mathematics, John Cooper-Mullin '75 History Scholarship Fund, John and Lile Gibbons Arctic Studies Fund, John D. Herrick '57, Kent Jeffrey and Andrew Harriman Herrick Scholarship, John D. and Mary Thomas Frates Scholarship, John E. and Jayne J. Woodward Library Book Fund, John F. Madden, Jr. Memorial Scholarship Fund, John F. and Dorothy H. Magee Faculty Chair, John Finzer Presnell, Jr., Scholarship Fund, John G. and Sylvia M. Lyons Scholarship Fund, John Henry and Della Fenton Matthews Book Fund, John Hubbard Rich, Jr., John Hubbard Rich III and Whitney Rich Scholarship, John M. Campbell '52 Architecture and Urban Planning Fund, John W. and Florence S. Higgins Scholarship Fund, Jon and Barbara Brightman Alternative Spring Break Fund, Jordan Busch 82 and Nancy Corliss Internship Fund, Joseph and Lester Gumbel Scholarship Fund, Joseph B. and Katharine Randall Drummond Scholarship, Joseph E. Merrill Classics Department Fund, Joseph H. Shortell, Jr. Memorial Scholarship, Joseph L. and Margaret W. Fisher Scholarship, Joseph Milton Odiorne Class of 1925 and Joseph Ernest Odiorn, Josiah Little Professorship of Natural Science, Judge Thomas E. Delahanty Memorial Book Fund, Kane Lodge Foundation-Marius E. Johnston Photographic Collection Fund, Kappa Psi Upsilon Environmental Studies Fund, Kathy and Jenny Freilich Memorial Scholarship Fund, Kenneth and Helen Lord Memorial Scholarship, Kenneth M. and Beatrice A. Schubert Scholarship Fund, Kent '57 and Laurena Hobby Scholarship Fund, Kevin M. Mullins '07 and Emily S. Mullins '09 Fund, Key Bancshares of Maine, Inc. Austin College is a private liberal arts college affiliated with the Presbyterian Church (USA) and located in Sherman, Texas. Bowdoin will increase its minimum wage rate for benefits-eligible hourly workers from $15.50 to $17 an hour, effective Monday, August 30, 2021. Fund is used to support lectures and courses in the fields of government and education. Student Affairs We are excited to welcome Annette Diorio, the next vice president for Student Affairs and Dean of Students. She holds an A.B. Nearly half of the endowment is permanently restricted by donors to the support of student financial aid. All asset classes are invested through a selection of external investment managers or through market indices. Hood explained that though the endowment tax will diminish the College's investment returns, the College does not expect student aid to be . Manager selection for the $2.5 billion Bowdoin College endowment. March 25, 2021 Paula Volent, a leading investment manager who oversaw Bowdoin College's $2 billion endowment for two decades, has been named Rockefeller's next vice president and chief investment officer. The message to our alumni, parents, and friends continues to be that every dollar invested in Bowdoins educational mission is managed remarkably well and used to ensure that Bowdoin remains one of Americas outstanding colleges., These exceptional returns are the result of steady and deeply experienced stewardship of Bowdoins endowment by my predecessor, Paula Volent, the members of our Investment Committee, and our staff, said K. Niles Bryant, who succeeded Volent as senior vice president and chief investment officer at the College on July 1, 2021. Bates College received 5,316 while Bowdoin College received 7,251 . Scott Kelnberger Memorial Scholarship FundNatalie and Fritz Kempner Scholarship FundDean Nathaniel C. Kendrick Scholarship FundGeorge W. and Lolita D. Kern Educational Assistance FundGeorge W. and Lolita D. Kern Scholarship FundKey Bancshares of Maine, Inc., ScholarshipArthur W. Keylor Memorial ScholarshipLucy H. and Frank W. Kibbe ScholarshipFrank H. Kidder ScholarshipKillam Canadian FundMonte Kimball ScholarshipThe Bowdoin Martin Luther King Jr. BRUNSWICK, Maine (AP) Bowdoin College has become the first college or university in Maine to have its endowment reach $1 billion, joining a select group of schools nationwide that have reached the billion-dollar threshold. R. Fulton and Margaret Hartley Johnston Scholarship FundJohn Family Scholarship FundJosselyn-Rose Family Scholarship FundJoseph D. Kamin Memorial ScholarshipSamuel E. Kamerling Scholarship FundKamerling Family Scholarship FundKappa Scholarship FundBenjamin A. Karsokas Sr. Your generous support for internships and fellowships provides life-changing opportunities for Bowdoin students across the country and around the world. Bowdoin Moving to $17 Minimum Wage for Hourly Workers. All students, even if their families are paying 100% of the comprehensive fee ($71,710 for 2019-2020), receive substantial financial support from Bowdoin support made possible from the draw on the Colleges endowment and from gifts to the College from alumni, parents, and friends. PhD candidate in Social Anthropology at the University of Cambridge. New Bowdoin Podcast to Tackle Issues of Democracy. Contact: Department of History, 207-725-3291. Scholarship FundFrederick L. Kateon Scholarship FundFori and Robert Kay Scholarship FundByron E. Keene ScholarshipJ. Other donor-restricted portions of the endowment support professorships and instruction, museums, the library, and technology, among other areas, and distributions from the endowment cover more than 40 percent of Bowdoins annual operating budget. Philip Chapman, Jr. Class of 1930 ScholarshipHarold and Inez Charles Scholarship FundJustus Charles FundCurtis E. Chase Memorial FundHenry T. Cheever ScholarshipChemical Bank Scholarship FundGerald and Kate Chertavian Scholarship FundThe Christopher Chess Scholarship FundChi Delta Phi/Zeta Psi FundThe Chi Psi FundHugh J. Chisholm Scholarship FundChittim, Hammond, Holmes Scholarship FundRichard L. and Mary E. Chittim ScholarshipClaff Scholarship FundClark Family ScholarshipThe Samuel Clark Jr. Unity College is a private college based in New Gloucester, Maine with an additional campus in Unity and facilities in Moose River and Thorndike. The Bowdoin College endowment generated an investment return of -7.1 percent for the fiscal year that ended June 30, 2022, a highly volatile period for financial markets that saw the S&P 500 and the NASDAQ lose 10.6 percent and 23.4 percent, respectively. In 2005, the endowment table totaled $219.37 billion. Brunswick, Maine, United States. Bowdoin's endowment posted a 10.9 percent return on the fiscal year that ended on June 30a performance second nationally only to that of Brown University's endowment, which delivered a 12. . Dickinson's acceptance rate is 35%, and the institutional endowment has more than doubled since 2000. Graduated from University of Cambridge (MPhil) and Bowdoin College (AB). While the return this past year was simply extraordinary, even more impressive is the long-term record of exceptional performance by our investment team and Investment Committee, said Bowdoin President Clayton Rose. Of the total endowment distribution in 20212022, approximately $38 million supported financial aid, accounting for approximately three quarters of Bowdoins $51 million financial aid budget. This fund supports speakers and lecturers in the Department of Economics and research activities of a Bowdoin student majoring in economics as designated by the department chair.Contact: Department of Economics, 207-725-3340. Watch these students describe the power and impact of their experiences in their own words. This fund is used to provide one lecture each semester, rotating in the arts, humanities, and social sciences, with lecturers to be recognized authorities in their respective fields, to present new, novel, or nonconventional approaches to the designated topic in the specified category.Contact: Office of Stewardship, 207-725-3928. Menlo Park, California, United States . This fund is used to support lectures by visiting scholars on topics deemed to be on the cutting edge of or associated with new developments or research findings in the fields of astronomy or geology. This fund supports periodic lectures, seminars or colloquia at Bowdoin on scientific topics, with a preference for topics in the biological sciences or aspects related to the health sciences.Contact: Dean for Academic Affairs, 207-725-3578. Last week, two of America's leading liberal arts colleges, Bowdoin and Middlebury, announced their fall reopening plans. Part of the fund may be used to support the Elliott Lectures in Oceanography, which were inaugurated in 1971. Bowdoin College. In today's Academic Minute, Rutgers University's Rachel Hadas examines what we can learn from thousands of years ago. Washington University in St. Louis saw a 65 percent return on its endowment in fiscal 2021. Scholarship, Vivian B. Allen Foundation Scholarship Fund, W.S. She will assume stewardship of the university's endowment starting August 15. The endowment, of which approximately 45% is restricted to the support of student financial aid, generated an investment return of 16.0% for the fiscal year that ended June 30, 2013. Under Volent's leadership, the endowment has grown from about $433 million to almost $1.8 billion while providing the college a . . Bowdoin has long believed that the very best students should have the opportunity to learn and grow here, regardless of their ability to pay our fees. It is through investing these funds and withdrawing a portion of the earnings that the College is able to fulfill its donors stated intentions. She was the 2018 Fellow for the McSilver Institute for Poverty Policy and Research at New York University Silver School of Social . This week, the College released its annual endowment report for the 2020-21 fiscal year that ended on June 30, reporting a return of 57.4 percent. Their insights, strong relationships with fund managers, and skill in sourcing and evaluating investment opportunities during these turbulent times are truly unmatched. 54, P94, H94 Scholarship FundDana Estes ScholarshipGuy Pankhurst Estes FundEvans Family Scholarship FundDavid Evans Scholarship FundLewis Darenydd Evans II Scholarship FundOra L. Evans Scholarship FundCharles Carroll Everett ScholarshipHarold H. and Florence L. Everett ScholarshipFagone Scholarship FundGeorge B. Farnsworth and Thomas P. and Agnes J. Hanley FundFarquharson Family ScholarshipHugh F. Farringdon Scholarship FundSidney D. Fay Memorial ScholarshipStephen A. Fay Memorial ScholarshipHarold R. and Virginia Gilpatrick Fearon Scholarship FundDonald C. Ferro Scholarship FundFertig Family ScholarshipG. It is both humbling and exciting to follow in Paulas footsteps, and to be working with our incredible team to carry on her legacy of excellence.. Endowment and Special Projects | Bowdoin College Staff Directory Endowment and Special Projects Endowed funds play a critically important role in the College's operations, providing approximately thirty-nine percent of the annual budget revenue and nearly three-quarters of the financial aid budget. . 2020: A Record Year for Political Advertising. (For example, Grinnell College is higher ranked than Bates & Grinnell College has a much larger endowment than Bates.) They questioned the Biden administration's authority to forgive student loans but also seemed suspicious of arguments from plaintiffs that they have standing to challenge the debt-relief plan. Clement S. and Elizabeth D. Wilson Memorial ScholarshipShari Michelson Wilson Memorial ScholarshipThomas R. and Louise M. Winchell Memorial ScholarshipBarry N. Wish Scholarship FundSidney Wish and Bertha Wish Sipkin Scholarship FundSamuel J. and Evelyn L. Wood Scholarship FundWilliam E. and Rosette M. Woodard ScholarshipRoliston G. Woodbury Memorial ScholarshipWoodcock Family ScholarshipAmy H. Woodhouse 80 Scholarship FundThe Richard Woodhull ScholarshipCyrus Woodman ScholarshipsKarl A. Woodman ScholarshipPaul L. Woodworth Scholarship FundWyer Family ScholarshipShengyi and Xuejuan Yan Scholarship FundChester H. Yeaton ScholarshipYochum Family Scholarship FundBracebridge H. Young Memorial ScholarshipFountain Livingston and Martha Higgins Young Scholarship FundThe John Garnett Young and Paul Campbell Young Scholarship FundPhilip C. Young Scholarship FundLouis J. Zamanis Scholarship FundIrving I. Zamcheck Memorial Scholarship FundHilda Brown Ziegler and Benjamin Munn Ziegler ScholarshipHenry Zietlow '22 Memorial Scholarship FundDr. Bowdoin College 5.88K subscribers Listen to a conversation with two of the driving forces behind Bowdoin's endowment strategy and success - Paula Volent, Bowdoin's chief investment. How will the DOLs finalized rules impact ESG investing? The school announced Thursday that Volent, who had served as the endowment's investment chief since 2000 . Financially, net growth (CAGR) was 7%, thus not only retaining a stable payout-ratio, but additionally growth . Endowment Opportunities. Gifts can be made via cash or appreciated securities. This fund provides support for the Department of History to sponsor speakers and lecturers, including those in the field of geopolitics.Contact: Department of History, 207-725-3291. At Bowdoin, members of Green Bowdoin Alliance (GBA) have scaled up their efforts to push the College on the issue, and submitted a formal proposal last week that urges . Hyde Scholarships are multi-year, current-use gifts. Dickinson College is a private liberal arts college in Carlisle, . . The portfolio is structured with a long-term time horizon, with portfolio diversification and manager selection directed toward protecting endowment capital in challenging investment environments, while growing those assets during periods of economic stability and growth. Bowdoin College is pleased to announce that in-person events will be back this fall and the College looks forward to welcoming alumni, families, and friends for some of our most popular events and activities. 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