The university's $370 million endowment saw an energy impact of less than 2 percent on its value as oil and gas prices fell dramatically from last September to the end of December. Jack Rich, ACU's chief investment officer, said initially the endowment has not been hurt that significantly by the drop in energy prices despite having a portion of ... [Read More…]
ACU investigates land development
Officials in the Endowment Office invited members of the community from ACU, HSU, Hendrick Health Center, law firms, accounting firms and banks to talk about a community initiative on the northeast side of Abilene. The proposed residential area would replace the Zoe Center off East N. 10th Street. The Zoe Center is a 100-acre plot with a ... [Read More…]
‘Times’ points to ACU’s endowment
ACU was recognized in "The New York Times" for outstanding endowment performance. The National Association of College and University Business collected the data of this years' endowment performance amongst colleges and the results have brought ACU into the spotlight. According to "The New York Times", ACU's endowment fund had a return of 9 ... [Read More…]