Franklin & Marshall College Franklin & Marshall College

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    • Elizabeth M. Dunlap

    Investment Officer and Assistant Treasurer
    Investment Office
    717-291-4206
    Business Office
    Office: RAC
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    Biography Education Student Collaborations

    Professional Biography

    As the Investment Officer for Franklin & Marshall College, Elizabeth manages the investments for the endowment, treasury and 403(b) retirement plan.  Her tenure with Franklin & Marshall began in 1998 – the same year the college first invested in hedge funds and private equity – which has allowed Elizabeth to work across all assets classes and strategies.  As the primary liaison to the College’s Trustee Committee for Investments, she is responsible for the implementation of investment policy and ensuring the endowment integrates and aligns with the College's goals, strategies and operations.

    Ms. Dunlap also manages the College's operating cash.  She designed and implemented the cash management program, crafting the investment strategy and cash flow analysis to ensure liquidity, preserve capital and optimize returns.  

    In 2009,  the investment office and the department of human resources re-engineered the retirement plan investment options and the administrative system.  This resulted in a fresh line-up of fund offerings and a unified administrative platform to better serve plan participants.  

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    Prior to Franklin & Marshall, Elizabeth held senior financial positions in several companies and was responsible for the treasury and retirement plan investments.  Her early work in the field of investing began as an Assistant Vice President for Bank of America, where she was responsible for selling bank-owned real estate, such as subdivisions, multi-unit residential, raw land, and light industrial & commercial properties.  
     
    As a member of the Board of Directors of the Lancaster County Community Foundation, she serves on the Executive Committee and chairs the Investment Advisory Committee.  The Foundation's mission is to foster a culture of philanthropy by providing expertise, inspiration and financial support to the community. 
     
    Elizabeth earned her M.B.A. in Management from California State University, Hayward, CA. where she studied organizational theory and authored a book entitled "Business Goes Back to School:  Characteristics of Successful Partnerships Between Public Schools and Private Industry".  She has applied that specialty by creating the investment office at Franklin & Marshall and leading the reorganization of the investment program at the Lancaster County Community Foundation to better align with their strategic plan.  She received her B.S. in Business Administration-Finance from California Polytechnic State University, San Luis Obispo, CA.
     

    Education

    M.B.A. in Management from California State University, Hayward, CA.

    B.S.  in Business Administration-Finance from California Polytechnic State University, San Luis Obispo, CA.

    Student Collaborations

    Since its inception in 1998, Ms. Dunlap has served as the staff advisor to the Student Managed Investment Portfolio.  The "SMIP" provides students a dynamic investing experience by allowing students to manage a portion of the College's endowment.  With seed capital from donors, the students analyze companies, select stocks, manage risk and communicate their philosophies and results to stakeholders.  The for-credit course is taught by adjunct instructor Mr. Mark McGrath.


    Ms. Dunlap serves as the staff advisor to the Benjamin Franklin Financial Services Honor Society, a student-run organization designed to facilitate internships and job placements for students interested in the financial services industry.  Formed in 2011, the Society provides opportunities for highly motivated, academically successful students to build their skills through technical training, public speaking, field trips to financial centers and relationship-building with alumni.