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Mercy College Endowment
Mercy College Endowment is a New York-based endowment plan with approximately $326 million in assets across two funds, primarily focused on North America.
Mercy College Endowment
Mercy College Endowment is a New York-based endowment plan with approximately $326 million in assets across two funds, primarily focused on North America.
General information
Firm type
Endowment / Foundation
Year founded
1950
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Dobbs Ferry, NY · Bronx, NY
Principals
James B. Jenkins
Chairman of the Board of Trustees
Christopher J. Sobecki
Member of the Endowment Management Committee
Sector focus
Frequently asked questions
Who oversees investment decisions for the Mercy College Endowment?
Investment governance resides with the Board of Trustees and its Endowment Management Committee. James B. Jenkins chairs the Board, and committee member Christopher J. Sobecki is a Managing Director at Invus Group, a private equity firm. No separately named Chief Investment Officer or dedicated investment office has been publicly identified.
What role does real estate play in the endowment's portfolio?
Directly held real estate constitutes a substantial component of the institution's asset base. Properties include the main Dobbs Ferry campus, a Manhattan campus at 47 West 34th Street, a Bronx campus on Waters Place, student housing at Hudson Hall, and the former Our Lady of Victory Academy property. These holdings serve both operating and investment purposes, providing an illiquid but permanent capital base not typical of smaller endowments.
What is Mercy University's relationship with the Sisters of Mercy?
Mercy University was founded in 1950 by the Sisters of Mercy as a junior college and retains a historic affiliation with the order. This relationship reflects the school's Catholic institutional heritage, though the endowment itself operates as the secular financial vehicle for the university.
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