Its endowment is now valued at $2.72 billion. "It has been a complete home run," Mr. Druckenmiller happily conceded. [12], From its founding, Bowdoin was known to educate the sons of the political elite and "catered very largely to the wealthy conservative from the state of Maine. As a high school senior, I could not have anticipated how much Bowdoin would come to mean in my life. Minutes from a 1995-96 meeting of the Board indicate that the construction bid for the new building went to a construction company owned by another trustee, John Fish 82 P10. [59] The Orient was named the second-best tabloid-sized college weekly at a Collegiate Associated Press conference in March 2007 and the best college newspaper in New England by the New England Society of News Editors in 2018. Client Relations Vice President, Marketing. Each trustee serves for a term of five years, and cannot serve more than three consecutive terms. [67] In 2017 the college was on track to meet the 28% own source reduction target, and efforts have continued in the areas of energy conservation, efficiency upgrades and transitioning to lower carbon fuel sources. The disclosure was in response to students' calls to divest these holdings. 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. The award recipient . Rockefellers endowment, valued at $2.5 billion, is a crucial source of revenue for the university, contributing nearly 30 percent to the operating budget each year, directly supporting its ability to fund laboratories, pay salaries, and invest in new technology. Volent brings extensive experience from her two decades at Bowdoin and her previous role as a research analyst and senior associate in the Yale University investment office from 1996 to 2000. [55] One of the school's two historic rival literary societies, The Peucinian Society, has recently been revitalized from its previous form. Bryants appointment is effective July 1, 2021. Volent joins Rockefeller after two decades as chief investment officer for Bowdoin College, where she oversaw an endowment that grew from $465 million to $1.8 billion during her tenure. [citation needed], Bowdoin competes in the Standard Platform League of RoboCup as the Northern Bites, where teams compete with five autonomous Aldebaran Nao robots. [15] The award, however, was discontinued in 2015, with the current college president citing it as inappropriate because it was named after someone "whose mission was to preserve and institutionalize slavery". Director at Bowdoin College. [4][5], The college was a founding member of its athletic conference, the New England Small College Athletic Conference, and the Colby-Bates-Bowdoin Consortium, an athletic conference and inter-library exchange with Bates College and Colby College. Professor Barbash is the senior member of Willkie Farr and Gallagher LLP's Asset Management Group. Endowment Index Ends Second Straight Year at Record High, Tags: Bowdoin, CIO, Clayton Rose, Endowment, K. Niles Bryant, Paula Volent, Massachusetts Pension Fund Increases Corporate Diversity Standards, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Bowdoins current financial aid program is among the large-scale accomplishments for which the Board is responsible, Rose said. Volent has an M.B.A. from the Yale School of Management, an M.A. On June 30, 2020, the endowment was valued at $1.8 billion and provided $71.8 million to the annual operations of the College. It's the tough competition for all the top students. She will join the university on Aug. 15, spokeswoman Katherine Fenz said in an email. A.B., summa cum laude, Bowdoin College; J.D., Cornell. [citation needed], Franklin Pierce, 14th President of the United States, Robert Peary, explorer, who claims to be the first person to reach the North Pole, William P. Fessenden, former U.S. Secretary of the Treasuery, William Cohen, 20th U.S. Secretary of Defense and former U.S. The Peucinian Society was founded in 1805. Before embarking on her career in investment management, Volent worked as an art conservator specializing in the conservation of art on paper. Sign up and get our top stories delivered daily to your inbox at 6 a.m. Bowdoin College announces new head of admissions program and new investment officer, Brunswick residents raise concerns over $355,000 funding proposal to pave at Simpsons Point, Veteran Bath school bus driver dies from cancer. View Page Wagley's full profile. That has hardly been Ms. Volent's only smart move. At the time of its founding, it was the easternmost college in the United States, as it was located in Maine. In 1999, The Bowdoin Cable Network was formed, producing a weekly newscast and several student-created shows per semester. America's wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior. Applicants came from all states, the District of Columbia, and four US territories, 63 foreign countries, and 4,845 high schools. In February, she announced her intention to leave the Brunswick, Maine-based college on June 30. Bowdoin College is part of the Colleges & Universities industry, and located in Maine, United States. This profile is in addition to your subscription and website login. [57][58], Bowdoin's student newspaper, The Bowdoin Orient, is the oldest continuously published college weekly in the United States. Five trustees come from politics or law. Already have a commenting profile? Two are entrepreneurs and work in waste management and the food industry. (ASSOC DIRECTOR OF INVESTMENTS) $188,916: MITCHEL DAVIS (CHIEF INFORMATION OFFICER) $184,420: TIMOTHY FOSTER . An art history major with a minor concentration in government and legal studies, Marroquin joined the Bowdoin admissions staff in 2010 as assistant dean following four years with EF Educational Tours in Boston. [47] Among all colleges, it is tied with Brown, Carnegie Mellon, and Williams for 22nd. Notable Bowdoin alumni include (by year of graduation): Bowdoin graduates have led all three branches of the American federal government, including both houses of Congress. And Johnson joined last month as director of investments. Is Yales Endowment the New Tiger Management? Trustees say they derive motivation to chart Bowdoins future from the Offer of the College and the principles of the common good, and also from the schools profound effect on their own lives. I do think that the faculty would have valuable information and insights to contribute to any sort of long-term planning, she said. Last year, Bowdoin received 9,325 applications for approximately 500 spots in the first-year class. 2010-2014. During his undergrad years, Thorndike himself served as a student representative on the search committee that nominated Roses predecessor, President Barry Mills 72. Just Short-Term Pain, Sages Say, Canada Passes Pension Bankruptcy Protection Bill, Higher Rates to Squeeze Middle-Market Private Credit Market, Reports Kroll. I really try to take advantage of my time on campus so that not all of my information is coming through the senior leadership, said Spagnuolo. K. Niles Bryant will become the next senior vice president and chief investment officer at Bowdoin College, where he will be responsible for managing the Colleges $1.8 billion (as of June 30, 2020) endowment, the largest portion of which is permanently restricted to the support of student financial aid. K. Niles Bryant will become the next senior vice president and chief investment officer at Bowdoin College, where he will be responsible for managing the College's $1.8 billion (as of June 30, 2020) endowment, the largest portion of which is permanently restricted to the support of student financial aid. Please wait for the page to reload. As senior vice president and chief investment officer, Bryant will be a member of Bowdoins senior leadership team, reporting to the president. In 1877, the college would go on to graduate the infamous Charles Morse, the American banker who established a near-monopoly of the ice business in New York, which directly led to the financial Panic of 1907. Rockefellers endowment provides critical support for the innovative science performed in our laboratories, studies that have set the pace for progress in biomedicine since the institutions founding in 1901. View Joe Anderson's business profile as Manager, Logistics & Manager, Rental Housing at Bowdoin College. 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. Director of Investments. Bean, Chairman and CEO of Ted Bates Worldwide, Donald M. Zuckert, Senior judge of the US District Court for the District of Maine, Economist and former Governor of the Federal Reserve, NBC News Senior Legal and Investigative Correspondent, Tennessee House of Representatives Member, This page was last edited on 29 April 2023, at 00:44. In the proceeding years, Neal agitated for more programs, and himself taught bowling, boxing, and other sports.[80]. [citation needed], In 2001, Barry Mills, class of 1972, was appointed as the fifth alumnus president of the college. She was previously Managing Director of Investments with Cambridge Associates, an Endowment Officer at Bowdoin College, Senior Due Diligence Analyst with Edward Jones Investments, and [60][61], The school's literary magazine, The Quill, was published between 1897 and 2015. The fight song, Forward The White, was composed by Kenneth A. Robinson, class of 1914. [48], The college was ranked 5th in the country by Washington Monthly in 2019 based on its contribution to the public good, as measured by social mobility, research, and promoting public service. Some key points from the policy: In a recent Orient survey sent to current students, 353 of the 372 respondents reported that they do not feel connected to the Board of Trustees, 308 reported that they have never met any of the trustees and 310 reported that they felt they could not communicate with one or multiple trustees if they wanted to.. Beginning this Monday, a group of only white-identifying students will congregate for the Colleges pilot Intragroup Dialogue on race, specifically designed for white students. She is a past member of the Institute for Civic Leadership and a past board member at Hardy Girls, Healthy Women, both in Portland, Maine. He will succeed Paula Volent, who announced in February that she intends to step down in June after more than twenty years in the position. By Dylan Sloan. The nation's spy chief, a longtime college president and top women in finance. Bowdoin is a need-blind and no-loans institution. With a Press Herald subscription, you can gift 5 articles each month. [76], Bowdoin College operates the Bowdoin Scientific Station on Kent Island in the Bay of Fundy in New Brunswick. Prior to Owl Ventures, he was a Private . He earned his law degree at the Duke University School of Law in 1998 and his MBA in 2003 at Dartmouth Colleges Tuck School of Business. Executive Office Of The President/us Trade. Colleges Ranked By Average Student Brainpower", "25 New Ivies The nation's elite colleges these days include more than Harvard, Yale and Princeton. What Were the 10 Best Stocks in the Last 5 Years? Bowdoin students compete in 30 varsity sports and several club and intramural teams. She discovered Bowdoin through her association with the One Voice College Scholars Program, an organization that prepares and supports low-income students from Los Angeles who are seeking a college education. Spagnuolo worked on the Alumni Council. Niless exceptional experience and skills, his record of achievement, and his deep commitment to Bowdoins mission make him the ideal person to succeed Paula in this work that is vital for the College and especially for the students and families supported through our endowment returns, said Bowdoin President Clayton S. Rose. He co-founded Solstice Capital. Bryant joined Bowdoins investment office in April 2020 as director of investments, following 16 years as an investment professional and earlier as an attorney specializing in capital markets and mergers and acquisitions. [citation needed], The Meddiebempsters are the oldest of Bowdoin's six a cappella groups. Thorndike worked as a financial analyst in Bowdoins investment office. Private liberal arts college in Brunswick, Maine. "It has been a great honor to oversee Bowdoin's endowment," said Volent. In 2020, she was named one of the 100 Most Influential Women in U.S. Finance by Barrons. In the 2021 edition of the U.S. News & World Report rankings, Bowdoin was ranked tied for 6th best overall among liberal arts colleges in the United States, tied at 11th for "Best Undergraduate Teaching", 12th in "Best Value Schools", and tied at 29th for "Most Innovative". Posting Number S00771JP Department Investments Job Summary Founded in 1794, Bowdoin College is a highly selective liberal arts college with approximately 1,800 students. In fact, the average student who applies to Williams College is smarter than the average student who applies to Harvard. A lot of students maybe dont share an identity or feel that they can connect with them very easily.. Language links are at the top of the page across from the title. Boris Raykin, CFA Director of Investments, Bowdoin College New York, New York, United States 994 followers 500+ connections Join to view profile Activity Happy #InternationalWomensDay.. 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. 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.. I am thrilled to continue helping to shape the Bowdoin of tomorrow and to be working with my talented and committed colleagues in admissions and student aid and our partners across campus.. You are strongly encouraged to use a real name or identifier ("Class of '92"). I dont think there was any expectation then of anything different. In one fell swoop, President Nixon fired his White House counsel, John Dean; forced the resignations of his two highest-ranking and most trusted aides, H.R. Major General Oliver Otis Howard, class of 1850, led the Freedmen's Bureau after the war and later founded Howard University; Massachusetts Governor John Andrew, class of 1837, was responsible for the formation of the 54th Massachusetts; and William P. Fessenden (1823) and Hugh McCulloch (1827) both served as Secretary of the Treasury during the Lincoln Administration. The Bowdoin endowment consists of more than 1,700 individual funds earmarked for the perpetual support of a variety of College initiatives. The applicant pool consisted of 9,332 candidates, up from 9,081 for the class of 2022. He earned his law degree at the Duke University School of Law in 1998 and his MBA in 2003 at Dartmouth Colleges Tuck School of Business. Only subscribers are eligible to post comments. Before joining the Board, a number of the current trustees served in other positions at the College. In 2006, Bowdoin was named a "Top Producer of Fulbright Awards for American Students" by the Institute of International Education.[37]. The goal of our club is to spread awareness of mental health and to destigmatize talking about it. [22] While a significant portion of the student body hails from New Englandincluding nearly 25% from Massachusetts and 10% from Mainerecent classes have drawn from an increasingly national and international pool. A small writing-intensive course, called a first-year seminar, is also required. [64], Miscellania is the oldest all-female a cappella group at Bowdoin College. The requirements of at least two courses in each of the categories of natural sciences/mathematics, social and behavioral sciences, humanities/fine arts, and foreign studies (including languages) took effect for the class of 1987 and have been gradually amended since then. Claudia Marroquin of Portland has been named senior vice president and dean of admissions and financial aid at Bowdoin, effective July 1. 130 E. Randolph St. In 1997, hedge fund manager Stanley F. Druckenmiller 75, a trustee emeritus and a current member of the Investment Committee with a net worth of $4.7 billion, donated $35.6 million to build Stanley F. Druckenmiller Hall in honor of his grandfather. "[26] Of enrolling students, 89% are in the top 10% of their high school graduating class. [6] Between the years 1821 and 1921, Bowdoin operated a medical school called the Medical School of Maine. Bowdoin College has promoted K. Niles Bryant to be the new CIO of its $1.8 billion endowment, effective July 1. The pool that youre drawing from is not 50-50, she said. [citation needed], The largest student group on campus is the Outing Club, which leads canoeing, kayaking, rafting, camping, and backpacking trips throughout Maine. Go to content, skip over visible header bar, renovate the Schiller Coastal Studies Center, Orient article offers singular, alarming interpretation. Bryant will succeed Paula Volent, who will step down at the end of June after more than 20 years on the job. Bowdoin College (/bodn/ (listen) BOH-din) is a private liberal arts college in Brunswick, Maine. I am incredibly humbled to continue working for Bowdoin in this new capacity and for the trust the College has placed in me, said Marroquin. Liked by Eric Berube. Rose is the only board member who is neither a Bowdoin alum nor a Bowdoin parent. Register for your account and get started with our industry leading people contacts search engine. In a speech to the nation that night, Nixon said he had . [25], U.S. News & World Report classifies Bowdoin as "most selective. [33] The most popular majors, by 2021 graduates, were:[34], In 1990, the Bowdoin faculty voted to change the four-level grading system to the traditional A, B, C, D, and F system. . Senator, Joshua Chamberlain, Brigadier general in the Union Army, Oliver Otis Howard, Major General in the Union Army, Melville Fuller, 8th Chief Justice of the United States, Lawrence B. Lindsey, Member of the Federal Reserve Board of Governors, George J. Mitchell, former Senate Majority Leader, Harold Hitz Burton, former Associate Justice of the Supreme Court of the United States, Thomas Brackett Reed, former Speaker of the United States House of Representatives, Augustus Stinchfield, co-founder of Mayo Clinic. Sophia Adami-Sampson 23 has achieved a rare feat for an undergraduate. [69] In February 2013, the college announced that 1.4% of its endowment is invested in the fossil fuel industry. " [The College's financial aid program] is everything that we are about today, but [the Board is] not involved in delivering financial aid in any specific way," said Rose. The latest science discoveries delivered monthly to your inbox. Paula is unquestionably one of the most accomplished investment officers in the country, and we are thrilled that she has agreed to join us in this vital role, says Richard P. Lifton, Rockefellers president. She knows just how special a Bowdoin education is, and how it changes lives. A year and a half later, in May 2019, he was elected to the Board. In September 2017, Schiller and his wife donated $10 million to renovate the Schiller Coastal Studies Center. Currently, Page Wagley works as a Director, Investments at Bowdoin College. Marroquin is originally from the Koreatown neighborhood in central Los Angeles, California, where she lived after immigrating to the United States from Guatemala with her mother and two sisters. 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. Niles exceptional experience and skills, his record of achievement, and his deep commitment to Bowdoins mission make him the ideal person to succeed Paula, Bowdoin President Clayton Rose said in a statement. Copyright 2023 Asset International, Inc. All Rights Reserved. During this recent challenging period, Niles has worked side by side with me and our investment committee on managing Bowdoins portfolio, augmenting the investment team, and carrying out our due diligence on potential opportunities.. Get John Johnstone's email address (j*****@bowdoin.edu) and phone number (207791..) at RocketReach. [42], In the 2019 Forbes college rankings, Bowdoin was ranked 26th overall among 650 universities, liberal arts colleges, and service academies and 6th among private liberal arts colleges. Bryants appointment is effective July 1. It is now as hard to get into Bowdoin, says the college's admissions director, as it was to get into Princeton in the 1970s. Create one. [28], The April 17, 2008, edition of The Economist noted Bowdoin in an article on university admissions: "So-called 'almost-Ivies' such as Bowdoin and Middlebury also saw record low admission rates this year (18% each). 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. Im eager to join that community of scientists, students, postdocs, administrators, staff, and trustees and, in my new role, to contribute to the universitys culture of sustained excellence by working to assure the strength of its financial underpinnings.. The Bowdoin Faculty Scholarship is an award that recognizes students who excelled academically and achieved a high ranking during their secondary school careers. They report that alumni trustees used this time to meet informally with faculty. She has coauthored a study recently published in a peer-reviewed academic journal, in this case the Journal of Freshwater Ecology. I look forward to working with Niles over the next four months to facilitate a smooth leadership transition.. Senior Vice President and Special Assistant to the President & Secretary of the College. Everything the trustees do is supposedly for the students of the college. 2009-2011. K. Niles Bryant will become the next senior vice president and chief investment officer at Bowdoin College, where he will be responsible for managing the Colleges $1.8 billion (as of June 30, 2020) endowment, the largest portion of which is permanently restricted to the support of student financial aid.
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