# Adelphi University

Adelphi University is an Endowment / Foundation based in Garden City, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Garden City, United States
- **Region:** North America
- **Address:** 1 South Avenue, Garden City, NY 11530, United States
- **Founded:** 1896
- **Assets under management:** Undisclosed
- **Website:** adelphi.edu
- **LinkedIn:** https://www.linkedin.com/school/adelphi-university/

## Regulatory record

- **Reports private funds:** No

## About

Adelphi University, founded in 1896, is a private doctoral research university in Garden City, New York. Its endowment — while modest compared to larger peers — is anchored by a deep relationship with Robert B. Willumstad, the former Chairman of AIG, whose name graces the university's business school and whose philanthropic capital has long been woven into the institution's financial fabric. The endowment operates alongside Adelphi's physical footprint, which spans five locations including Manhattan, Brooklyn, and the Hudson Valley, but the investment pool itself is run as a distinct function of the university, not as a separate family office. Adelphi's endowment allocates primarily through a fund-of-funds model, with exposure to commodities, hedge funds, and private equity. The portfolio tilts toward biotech and semiconductor interests, accessed indirectly through external managers. Confirmed sector focuses include healthcare services and mobility and transportation, though the university does not publicly disclose individual fund commitments or direct co-investments. The Student Investment Fund, advised by Clinical Professor Robert Goldberg, operates from the James Riley, Jr. Trading Room on campus — a pragmatic educational tool that also doubles as a talent pipeline for finance roles. The endowment's scale is estimated at $235 million (Altss estimate), though the university has not published a recent audit-level AUM figure. Adelphi maintains active professional memberships with NACUBO, the NCAA Division II's Northeast-10 Conference, and ArbNet, reflecting its identity as an institution rather than a pure investment vehicle. Adjacent campus assets — including an art collection, sculpture garden, and the Adelphi University Advanced Technology (AUAT) Fund — round out its balance sheet, but none of these are structured as separate investment funds. What makes Adelphi structurally distinct is the Student Investment Fund's integration into the endowment's culture. Most university endowments of comparable size rely exclusively on an investment committee and external consultants. Adelphi embeds undergraduate participation in portfolio analysis, creating a feedback loop between educational programming and the long-term capital pool. This unusual governance layer — a trading room staffed by students with faculty oversight — differentiates it from the purely committee-driven models common at small private universities.

## Sectors

- Healthcare Services
- Mobility & Transportation

## Offices

- 529 Fifth Avenue, New York, NY 10017
- 150 Motor Parkway, Hauppauge, NY 11788
- 179 Livingston Street, Brooklyn, NY 11201
- Poughkeepsie, NY

## People

- Robert B. Willumstad — Namesake of the School of Business; former Chairman of AIG
- Robert Goldberg — Clinical Professor and advisor to the Student Investment Fund

## Related profiles

- [The Heritage Foundation](https://altss.com/profile/the-heritage-foundation)
- [Booth Ferris Foundation](https://altss.com/profile/booth-ferris-foundation)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/adelphi-university

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology