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MOR AV I A N CO L L E G E

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A.<br />

B.<br />

C.<br />

d.<br />

E.<br />

f.<br />

ENdOWMENT<br />

The College and Seminary endowment continues to be<br />

an essential source of support for the institution. Total<br />

return for the year ended June 30, 2007, was a strong<br />

16%. The Investment Committee made several significant<br />

changes to the endowment asset allocation targets during<br />

the year. The targeted allocation to alternative assets has<br />

been increased to 20% with 5% committed to two private<br />

equity funds. International equity has been increased to<br />

30% from 15% while the allocations to fixed income and<br />

domestic equity have been reduced to 15% and 30%,<br />

respectively. Transition to these new targets is in progress.<br />

ENdOWMENT ASSET<br />

ALLOCATIONS<br />

IN THOUSANDS OF DOLLARS<br />

92,920<br />

A. CASH 10,613<br />

B. dOMESTIC EQuITy 32,483<br />

C. INT’L EQuITy 23,510<br />

d. BONdS 10,187<br />

E. REAL ESTATE 4,098<br />

f. ALTERNATIVES 13,029<br />

02/03<br />

03/04<br />

04/05<br />

05/06<br />

02/03<br />

03/04<br />

04/05<br />

05/06<br />

Every effort has been made to ensure that the names and listings in this report<br />

are complete and accurate. Please report any errors to the Office of Institutional Advancement.<br />

<strong>MOR</strong><strong>AV</strong>IAN <strong>CO</strong>LLEGE<br />

<strong>MOR</strong><strong>AV</strong>IAN THEOLOGICAL SEMINARy<br />

1200 Main Street, Bethlehem, Pennsylvania 18018<br />

4.5%<br />

5.2%<br />

n RETuRN / n SPENdING<br />

OffICE Of INSTITuTIONAL AdVANCEMENT: 610 861-1336, 800 429-9437, FAX 610 625-7907<br />

06/07<br />

06/07<br />

MARkET VALuE Of ENdOWMENT<br />

IN THOUSANDS OF DOLLARS<br />

11,209<br />

13,280<br />

14,199<br />

14,946<br />

19,887<br />

n <strong>CO</strong>LLEGE / n SEMINARy<br />

NET INVESTMENT VS.<br />

SPENdING RATE<br />

Profiles: kENNETH BRIGGS, Photography: JOHN kISH IV, Design: PARTNERS dESIGN, INC. Jeff Gernsheimer ’68<br />

4.9%<br />

4.5%<br />

4.5%<br />

4.5%<br />

10.2%<br />

9.3%<br />

52,938<br />

58,712<br />

60,993<br />

66,599<br />

14.6%<br />

74,033<br />

16.0%<br />

64,147<br />

71,992<br />

75,192<br />

81,545<br />

93,920

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