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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