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. [53], Recalling his days at Bowdoin in a 2005 interview, Professor Richard E. Morgan (class of 1959) described student life at the then-all-male school as "monastic" and noted that "the only things to do were either work or drink". EIN: 01-0215213; Classification Undergraduate College (4-year) . She knows just how special a Bowdoin education is, and how it changes lives. The disclosure was in response to students' calls to divest these holdings. Rose is the only board member who is neither a Bowdoin alum nor a Bowdoin parent. Bowdoin College has announced the appointments of a new admissions dean and a new chief investment officer. The school announced Thursday that Volent, who had served as the endowment's investment chief since 2000,. See Boris Raykin's email address, phone number and work experience. Find contact's direct phone number, email address, work history, and more. What Were the 10 Best Stocks in the Last 5 Years? The education I have received as both a student and professional have been impactful beyond words and have led to this point. Deciding how to allocate the Colleges finances requires more than just reading a 60-page packet before each of their three annual meetings, said Diana Spagnuolo 96, a trustee since 2018. The portfolio she has built is truly one of a kind and her devotion to Bowdoins success is unmatched.. He will succeed Paula Volent, who announced in February that she intends to step down in June after more than 20 years in the position. Quantifying sustainability the numbers, the data, and the people, Valuing Banks: Hidden Losses Versus Assets, Research for Institutional Money Management, Global Fixed Income: Volatility and Uncertainty Here to Stay, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Always high-quality. Tenth Floor The Bowdoin endowment consists of more than 1,700 individual funds earmarked for the perpetual support of a variety of College initiatives. Hawthorne-Longfellow Hall 207-725-3712 eorlic@bowdoin.edu. : The Life and Times of Thomas B. Reed," Simon & Schuster (2011), New England Small College Athletic Conference, National Intercollegiate Rugby Association, Learn how and when to remove this template message, New England Commission of Higher Education, Associate Justice of the Supreme Court of the United States, Speaker of the United States House of Representatives, "Bowdoin Releases FY 2021 Endowment Results", "Departments and Programs | Bowdoin College", "Medical School of Maine: Historical Records and Files 8.2", "The Charter of Bowdoin College Office of the President", "Franklin Pierce and Bowdoin College Associates Hawthorne and Hale", "Bowdoin to Discontinue Annual Academic Award in the Name of Jefferson Davis | Bowdoin News", "Website of the PearyMacMillan Arctic Museum", "Former U.S. Sen. George Mitchell diagnosed with leukemia", "Harvard looks to Bowdoin as model in eradicating frats, but its decision had mixed results", "Bowdoin Eliminates Student Loans While Vowing to Maintain its Com, Campus News (Bowdoin)", "Trustees meeting focuses on finances The Bowdoin Orient", "Rose plans to listen and learn in early days of presidency", "Bowdoin College | Best College | US News", "Class of 2013 Profile (Bowdoin Admissions)", "Economic diversity and student outcomes at Bowdoin", "The Bowdoin Curriculum | Bowdoin College", "Campus Life: Bowdoin; Students Angered By Vote to Change Grading System", "Bowdoin Orient article on Bowdoin producing Fulbright Scholars", "Best Colleges 2021: National Liberal Arts Colleges", "Forbes America's Top Colleges List 2022", "Wall Street Journal/Times Higher Education College Rankings 2022", "The Best College in America Is in a Tiny Town in Maine", "2017 Best Liberal Arts Colleges in America", "1,339 U.S. At Northwestern, she will replace William H. McLean, who left Northwestern in October to become president and chief investment officer of Spider Management Co., which oversees the $2.4 billion endowment for the University of Richmond. Volent will succeed Amy Falls, Rockefellers current vice president and chief investment officer, who was named vice president and chief investment officer for Northwestern University in February. The trustees effect on the student experience is, in Roses words, both everything and nothing. Their decisions affect both the Colleges development over a period of years and decades and the experience of students on a daily basis. Franklin Pierce (1824) was America's fourteenth President; Melville Weston Fuller (1853) served as Chief Justice of the United States; Thomas Brackett Reed (1860) was twice elected Speaker of the House of Representatives; and Wallace H. White, Jr. (1899) and George J. Mitchell (1954) both served as Majority Leader of the United States Senate. Current trustee meeting structure is heavily scheduled so that faculty interactions with trustees, even when faculty are part of trustee committee meetings, is quite limited.. Spagnuolo recalled hearing that it was because of a students comment on the importance of pre-orientation trips that the trustees decided to incorporate the price of the trips into tuition, making them mandatory for all. Last year, Bowdoin received 9,325 applications for approximately 500 spots in the first-year class. Each trustee serves for a term of five years, and cannot serve more than three consecutive terms. [citation needed], With strained slave-relations between political parties, President Franklin Pierce appointed Jefferson Davis as his Secretary of War, and the college awarded the soon-to-be President of the Confederacy an honorary degree. He is a graduate of the University of Michigan, where he earned his undergraduate degreemagna cum laudein classical archaeology, and where he was also elected to Phi Beta Kappa. K. Niles Bryant was named senior vice president and chief investment officer at Bowdoin College. As an institution devoted to the common good, Bowdoin must consider the fairness of such a result. Bowdoin's PearyMacMillan Arctic Museum[19] honors the two explorers, and the college's mascot, the polar bear, was chosen in 1913 to honor MacMillan, who donated a statue of a polar bear to his alma mater in 1917. The Bowdoin Faculty Scholarship is an award that recognizes students who excelled academically and achieved a high ranking during their secondary school careers. Sign up and get the best of News delivered straight to your email inbox, free of charge. Bowdoin College Names K. Niles Bryant CIO, Massachusetts Pension Fund Increases Corporate Diversity Standards, What Happens if US Debt Defaults? They are led by the Chair of the Board Robert White 77 P15, Vice Chair Paula Wardynski 79 and the President of the College Clayton Rose. Of the total endowment distribution in 20192020, approximately $33 million supported financial aid, accounting for approximately three-quarters of Bowdoins $45 million financial aid budget in the last fiscal year. In fact, the average student who applies to Williams College is smarter than the average student who applies to Harvard. Boris Raykin has 3+ years experience as Director of Investments. [76], Bowdoin College operates the Bowdoin Scientific Station on Kent Island in the Bay of Fundy in New Brunswick. View Page Wagley's full profile. [23], On July 1, 2015, Clayton Rose succeeded Mills as president. He will oversee the management of the Brunswick, Maine, college's $1 . [31] In fact, admission of minorities goes back at least as far as John Brown Russwurm 1826, Bowdoin's first African-American college graduate and the third African-American graduate of any American college. Professor of Physics Madeleine Msall noted a decrease in recent years in the number of interactions between trustees and the faculty. However, the college's involvement in the Civil War was mixed, as Bowdoin had many ties to slave labor and the Confederacy. He started in April as director of investments. In addition to their advisory role, trustees are also expected to donate to the College, in accordance with their capacity to do so, as stated in the Trustee Roles and Responsibilities. Thirty-six of the 40 trustees are alumni and, of the others, three have children who attended or attend Bowdoin. The process is organic, said Rose. That means a range of schools are getting fresh bragging rights", "Princeton Review: Bowdoin College Tops 'Best Campus Food' List", "Latest College Reading Lists: Menus With Pho and Lobster", "Who Has the Best Food? Paula Volent was named vice president and chief investment officer of The Rockefeller University, New York, where she will oversee the management of its $2.3 billion endowment. Kenneth I. Chenault 73, H96 and his wife, Kathryn C. Chenault, have made a $2 million gift to Bowdoin College, the bulk of which will be used to establish an endowed fellowship that will bring exemplary leaders to campus to engage with the Bowdoin community. Prior to joining the Investment Office in 2022, Ms. Anderson was an Investment Associate at Dartmouth College Investment Office and Investment Analyst at TIFF . He earned an undergraduate degree in classical archaeology at the University of Michigan and a law degree at the Duke University School of Law, as well as an MBA from Dartmouth Colleges Tuck School of Business. [24], The acceptance rate for the class of 2023 was 8.9 percent. And when I was a junior or a senior, I said, whenever Bowdoin asks, whatever it is, I will always say yes., By NoahSaperstein • November 11, 2022, By MargaretBoyle • November 16, 2018, By LucieNolden • February 7, 2020. "It has been a complete home run," Mr. Druckenmiller happily conceded. Bowdoin College was chartered in 1794 by the Massachusetts State Legislature and was later redirected under the jurisdiction of the Maine Legislature. Two are entrepreneurs and work in waste management and the food industry. Kibbie characterized the relationship between the faculty and the trustees as almost non-existent, save for the six faculty who sit on the Committee on Governance and Faculty Affairs and thus attend certain meetings with trustees. [49], In 2006, Newsweek described Bowdoin as a "New Ivy", one of a number of liberal arts colleges and universities outside of the Ivy League, and it has also been dubbed a "Hidden Ivy". The Investment Associate will report to the Director of Investments and be a key member of a small team tasked with managing a sophisticated, global portfolio of investments across asset classes, including public equities, venture capital . See the College Rankings That Really Matter", "Orient article interviewing Professor Morgan", "Dogged determination leads to RoboCup victory", "Bowdoin Brief: Orient takes national newspaper award", "Bowdoin Orient Wins Regional College Journalism Award | Bowdoin News Archive", "Bowdoin College Commits to Climate Neutral Campus", "A Blueprint for Carbon Neutrality in 2020", "Bowdoin On Track To Meet Carbon Neutrality Goal, Campus News (Bowdoin)", "Annual Greenhouse Gas Emissions Inventory Update for FY 2017", "Annual Greenhouse Gas Emissions Inventory Update for FY 2012", "1.4 percent of College's endowment invested in fossil fuels", "Bowdoin College Green Report Card 2009", "LEED Certification (Bowdoin, Sustainability)", "Wednesday's Maine college roundup: Bowdoin men's tennis team wins NCAA crown", Institute for Doctoral Studies in the Visual Arts, College of Saint Benedict and Saint John's University, https://en.wikipedia.org/w/index.php?title=Bowdoin_College&oldid=1152236933, Educational institutions established in 1794, Private universities and colleges in Maine, Universities and colleges in Cumberland County, Maine, Articles with dead external links from July 2017, Articles with permanently dead external links, Articles needing additional references from December 2022, All articles needing additional references, Articles with unsourced statements from December 2022, Wikipedia neutral point of view disputes from May 2021, All Wikipedia neutral point of view disputes, Wikipedia articles with possible conflicts of interest from May 2021, Articles to be expanded from October 2021, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, U.S. Secretary of Treasury, U.S. Representative, & U.S.