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first_imgSaint Mary’s kept the spirit of Heritage Week moving Tuesday with the Capital Campaign presentation given by Shari Rodriguez, vice president of college relations.The College’s fundraising campaign, titled “Faith Always, Action Now,” was approved by the Saint Mary’s Board of Trustees in June 2008 to raise endowment for scholarships and financial aid, enhanced student and academic experiences, professorships, academic departments, the annual fund, Angela athletic facilities and athletic fields, the science hall and the Cushwa-Leighton Library. The campaign aims to raise $80,000,000 and so far has received $78,700,000.“We had our wonderful campaign launch on Feb. 22 last year. We launched the campaign with 70 percent of our goal achieved,” Rodriguez said. “At that same time, we hired an architect to develop drawings for Angela Athletic and Wellness Facility.”Rodriguez said so far, more than 14,500 donor families have donated and 714 alumnae have given their first gift to the College because of this campaign.“I’m really proud of our alumnae and our donors for what they have done to the College,” she said. “They’re very committed to this education.”The campaign ends in December 2014, and Rodriguez said the Board plans and hopes to far exceed the goal of $80,000,000. To do so, she said, the campaign will leverage its energy around the Angela Facility.The proposed plan for the new Angela consists of a new field house with an elevated track, a café, a television and lounge area with fireplaces on each end of the entryway, new offices for the athletic coaches, and locker rooms for sports teams, visiting teams, and faculty and staff. There will also be a large training area and a new women’s health office.“The competition area is going to stay in the same spot, but everything around it is changing.” Rodriguez said. “The softball fields will be renovated, we’re putting in a lacrosse field, we have the footprint available for track and field though we aren’t going to install that yet, and we will have a new soccer field.”Currently, visitors and opposing athletic teams enter the College from the back side of campus, which appears like a “back door” of sorts, Rodriguez said.“We want the back area to be as lovely as the front to welcome people because that’s also the only view that some people will have of the College from the Toll Road,” Rodriguez said. “We are going to have a formal entryway with a walkway into the [fenced] fields. It will be a welcoming environment for our guests.”There will be group exercise rooms so that yoga, pilates and other classes can take place in a separate area. There will also be a deck outside, Rodriguez said.Head tennis coach Dale Campbell said he was excited about the renovations and additions to Angela.“With the increased space, it should allow much more convenience in terms of time and greater availability for all of the students, athletes and staff to get a workout in or participate in their favorite sport,” Campbell said. “This facility can be a wonderful additional attraction for Saint Mary’s and also help us to recruit more students and student-athletes.”Rodriguez said the Board requires 100 percent of the necessary funds to have been pledged and 75 percent of the cash in hand before renovations begin.“To date, we’ve raised $10,400,000 for the Angela athletic facility,” she said. “The project goal is $14,800,000, but honestly, I want to raise $24,000,000 so we can finish and get [the new additions] up.”Tags: Action Now”, Angela Athletic and Wellness Facility, Faith Always, Heritage Week, Saint Mary’s College, Sheri Rodriguezlast_img read more

first_imgSource: PLSARoger Phillips, chair of LGPS Scheme Advisory Board, addresses the PLSA’s Local Authority ConferenceAccording to data from LGPS funds, roughly a third of the system’s assets are now being run by one of the eight asset pools.Phillips told conference delegates that the principle of pooling still made “absolute sense”, particularly with regard increasing investment in infrastructure.However, the advisory board chair added: “My hope is we don’t all as pools go individually chasing a particular [asset], and instead start to work collaboratively as a scheme, so that – quite frankly – we don’t get screwed in what is a maturing, developing market.”He also urged pension managers and finance directors within local authorities to be clear on their responsible investment strategies.Earlier in conference, local government minister Rishi Sunak’s address was interrupted by campaigners from Extinction Rebellion who called for LGPS funds to divest completely from companies involved in fossil fuels.Phillips said: “I think we’ve seen a classic example as to why we need to have a very clear understanding of what our responsible investment views are, and how we’ve got the narrative to go with it.”Phillips is a member of the pension committee overseeing the £2.7bn Worcestershire Pension Fund, and he highlighted his scheme’s actions to “reduce significantly” its investments in fossil fuels.“That needs to be part of that explained story,” he added. “What is our role as funds? And what are we doing when we go to AGMs?”Key figures Phillips emphasised that the LGPS had to “get the narrative right” when explaining the increase in reported investment costs. The LGPS Code of Transparency was introduced in 2017“Because of the transparency that we have now brought to this, this naturally sees the figure rise – I think it’s important to get that understanding,” Phillips said.“We also started to see the costs of the pools and the setup of the pools coming into that. There is work going on in the Cabinet Office identifying what the costs of setting up those pools are – and, of course, the benefits and savings they bring as well.”The LGPS’ code of transparency was introduced in 2017 and was the result of work by the Scheme Advisory Board, asset managers and long-term transparency campaigner Chris Sier. It paved the way for the development of the disclosure templates for major asset classes now being developed by the Cost Transparency Initiative (CTI).LGPS cost reporting will shift to the CTI’s templates once they are completed.Data presented by Phillips showed that 117 managers working with LGPS funds had signed up to the code, accounting for “almost 100% of listed assets”. In addition, the eight asset pools created by LGPS funds to collaborate on manager selection have all signed up to the code.Last month the advisory board launched a search for a provider to monitor compliance with the code.Pooling and responsible investment The Local Government Pension Scheme (LGPS) reported investment costs of more than £1bn (€1.1bn) for the 12 months to 31 March 2018 as its new code of transparency for manager fees kicked in.Addressing a local authority pension conference this week, Roger Phillips, chair of the LGPS Scheme Advisory Board, reported that the figure amounted to 0.39% of the LGPS’ total assets of £275bn across 88 funds in England and Wales.“The code of transparency is one thing I’m very, very proud of,” Phillips said. “We should be standing on top of the mountain, shouting about what we have done to actually bring transparency and reduce costs to pension schemes…“We should be very proud of the fact that, while other parts of our sector are under enormous financial pressures, we can stand up and say we are doing our bit to sweat the pounds, making sure we are driving down costs and bringing about transparency right across the whole of the pension scheme.” Credit: Simon Elliott The PLSA’s Local Authority Conference was held at the Cotswolds Water Park in southern England5.8m Total LGPS membership2m Total active members15,000 Affiliated employers£1.8bn Net cash flow across all 88 funds£275bn Total assets under management£1.041bn Total investment costs107% Increase in reported investment costs since 2015£32.74 Administration cost per member, down 9% year on yearlast_img read more

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