To make a gift count during the Hollins 2013-2014 fiscal year, gifts must have a postmark no later than June 30, 2014. Hollins' fiscal year runs from July 1 to June 30.
We have tried to report every gift correctly; however, if we have made a mistake, please accept our apologies and bring it to our attention by contacting Laura Tuggle Anderson '98, director of advancement services, at firstname.lastname@example.org or call our toll-free number, (800) 846-5371.
Total gifts to Hollins in 2012-13: $11,109,235
Total donors to Hollins in 2012-13: 3,272
Hollins University’s pooled endowment had a market value of $164.8 million and a total return of 10.2 percent, net of fees, for the quarter ending June 30, 2013. That is up from $154.5 million a year prior.
The annualized compounded returns for the last three and five years are 9 percent and 4.8 percent, respectively. Income available is based on the spending rate of 6.35 percent set by the Board of Trustees.
The spending rate is applied to a five-year moving average of portfolio market values as of December 31. The board’s investment objective for the endowment is to attain a real total return of at least 5 percent over the long term and to exceed that of comparably sized endowed colleges and universities over rolling three-, five-and ten-year periods. Risk of loss will be controlled to ensure the achievement of this objective.
Hollins is in the eighth year of operating with balanced budgets
In addition to strong endowment performance, operating with balanced budgets and no debt, Hollins also owes much to generous alumnae and friends who contributed more than $3.8 million to the endowment in fiscal year 2012-13.
Hollins awards $10.8 million annually in scholarships and other need-based institutional financial aid. Currently, about $3.1 million comes from the endowment and $7.7 million must come from the operating budget.
The Board of Trustees set the comprehensive fee (tuition and room and board) at $44,980 for the 2013-14 academic year, an increase of 3.89 percent over the previous year.
Hollins is positioning herself for success in these changing times of higher education through strategic initiatives of increased enrollment, net revenues and institutional visibility.
Hollins has acted decisively to contain costs while increasing revenue. The entering class for fall 2013 is 14 percent larger than the previous year’s class, Hollinsummer programs were re-established, and new online courses and workshops created.
Hollins remains dedicated to fiscal responsibility and to preparing students for meaningful lives of leadership, service, and lifelong learning.