YOUR ENDOWMENT REPORT 2023 PREPARED FOR
THE PHYLLIS & JEROME LYLE RAPPAPORT FOUNDATION
MESSAGE FROM
UNIVERSITY ADVANCEMENT Dear Tim, Thank you for your support of Boston College. Your partnership makes the University’s ambitious growth possible. I am pleased to share with you the following financial update on your endowed fund(s) at BC. I am most grateful for your generous commitment to the Heights. Sincerely, Andrew K. Davidson Senior Vice President for University Advancement
BIANCA WHITWORTH LUZON
DIRECTOR, STEWARDSHIP & DONOR ENGAGEMENT Your philanthropy is a powerful vote of confidence in our students, our faculty, and the broader Boston College community. I want to share our continued gratitude for your generous support of the University and its mission. Should you have any questions about your report, please feel free to reach out to me directly.
617-552-4005 bianca.whitworth@bc.edu Boston College Office of University Advancement 140 Commonwealth Avenue Chestnut Hill, MA 02467
MESSAGE FROM THE OFFICE OF THE
FINANCIAL VICE PRESIDENT AND TREASURER On behalf of the Boston College community, I want to share our gratitude for your support of the University and its mission. Through your philanthropy, you have helped to sustain and grow BC’s endowment, which provides a permanent source of funding for priorities such as financial aid, faculty scholarship and research, student formation, and emerging capital projects. Thank you for your commitment to ensuring the longevity and success of our institution. The return on the endowment was -3% this past fiscal year in a volatile period for capital markets. Over the past three years, the endowment has grown by $1 billion and currently stands at $3.6 billion. This is more than triple the value of the endowment two decades ago, net of spending nearly $2 billion in support of the University’s operating budget. Such growth was made possible through strong investment returns over time and the remarkable generosity of BC’s alumni, parents, and friends. If you have any questions about the materials below, please contact Bianca Whitworth Luzon, director of stewardship and donor engagement, at 617-552-4005 or bianca.whitworth@bc.edu. Thank you, once again, for your important investment in the University’s future. We remain grateful for your continued partnership. Sincerely, John D. Burke ’84, P’15,’18 Financial Vice President and Treasurer
{Constituent Lookup ID}
The Rappaport Center for Law and Public Policy at Boston College Law School
2022–2023 FUND FINANCIALS
Book Value (as of May 31, 2023)
$
6,200,000.00
Beginning Market Value (as of June 1, 2022)
$
7,770,953.20
Gifts to the Fund (June 1, 2022 - May 31, 2023)
$
500,000.00
Distribution (June 1, 2022 - May 31, 2023)
$
(411,552.26)
Investment Return (June 1, 2022 - May 31, 2023)
$
(235,559.48)
Ending Market Value May31, 31,2023) 2023) (as of May
$
7,623,841.46
{Constituent Lookup ID}
The Jerome Lyle Rappaport Distinguished Visiting Professor in Law and Public Policy
2022–2023 FUND FINANCIALS
Book Value (as of May 31, 2023)
$
1,500,000.00
Beginning Market Value (as of June 1, 2022)
$
2,044,986.68
Gifts to the Fund (June 1, 2022 - May 31, 2023)
$
0.00
Distribution (June 1, 2022 - May 31, 2023)
$
(103,875.00)
Investment Return (June 1, 2022 - May 31, 2023)
$
(61,989.31)
Ending Market Value (as of May May31, 31,2023) 2023)
$
1,879,122.37