# Albion College

Albion College is an Endowment / Foundation based in Albion, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Albion, United States
- **Region:** North America
- **Address:** 611 E. Porter St, Albion, MI 49224, United States
- **Founded:** 1835
- **Assets under management:** $162 million (Altss estimate)
- **Website:** albion.edu
- **LinkedIn:** https://www.linkedin.com/school/albion-college/

## Regulatory record

- **Reports private funds:** No

## About

Albion College's endowment supports a private liberal arts college founded in 1835 and historically affiliated with the United Methodist Church. Under President Wayne Webster and Board Chair J. Donald Sheets, the fund's returns help underwrite the college's signature experiential initiatives, including the Foundation for Undergraduate Research, Scholarship and Creative Activity (FURSCA) and the Gerald R. Ford Institute for Leadership in Public Policy and Service. The endowment also holds a collection of campus properties, including the Bobbitt Visual Arts Center, the Held Equestrian Center, and student residential villages. The fund pursues a diversified strategy spanning venture capital, buyout, growth, distressed debt, mezzanine, secondaries, and special situations. It accesses these markets through fund commitments, co-investments, and multi-manager relationships. While its public investment posture is broad, Altss research confirms concentrated healthcare services exposure, particularly in biotech. The W.K. Kellogg Foundation and the Andrew W. Mellon Foundation are significant philanthropic partners, and trustee Michael J. An Altss estimate places the endowment's value at $162 million. The college maintains more than a dozen campus real estate assets, including athletic and commercial facilities in Albion, Michigan. The 600-member Stockwell Society recognizes donors who include the college in their estate plans, providing a steady pipeline of future commitments. In 2024, no material staffing or strategy changes were reported. The endowment functions as a permanent financial engine for a small residential college, blending institutional asset management with a direct real estate portfolio that serves the campus mission. Unlike multi-billion-dollar Ivy League endowments, Albion's size requires it to operate as an allocator, leaning on external managers and co-investor relationships rather than building large internal investment teams.

## Sectors

- Healthcare Services
- Real Estate

## People

- Wayne Webster — President
- J. Donald Sheets — Chair of the Board of Trustees

## Questions

### Who oversees investment decisions for the Albion College endowment?

The endowment falls under the purview of President Wayne Webster and the Board of Trustees, chaired by J. Donald Sheets, former CFO of Dow Corning. The board includes trustees with direct investment and operating experience, such as Michael J. Harrington, General Counsel at Eli Lilly. Day-to-day management structure or any outsourced chief investment officer arrangement is not publicly detailed.

### How does the endowment allocate its capital?

The fund operates as a broad allocator, deploying capital through fund commitments, co-investments, and multi-manager relationships. Its strategy spans venture capital, buyout, growth equity, distressed debt, mezzanine, secondaries, and special situations. Healthcare services and biotech represent confirmed sector concentrations, while a significant direct real estate portfolio of campus properties also functions as part of the investment base.

### What is the estimated size of the Albion College endowment?

Albion College does not publicly disclose a current endowment value. The last public filing in 2019 reported $161.1 million. Altss estimates the current endowment at approximately $162 million, reflecting modest growth.

### How is the endowment connected to the college's operations?

The endowment directly funds academic and co-curricular programs, notably the Foundation for Undergraduate Research, Scholarship and Creative Activity and the Gerald R. Ford Institute. It also owns and maintains campus real estate that supports student life, such as the Mae Harrison Karro Student Residential Village and the Held Equestrian Center.

### Does Albion College co-invest with other endowments or foundations?

The endowment maintains co-investor relationships with major philanthropic foundations, including the W.K. Kellogg Foundation and the Andrew W. Mellon Foundation, which have been significant donors and partners. Whether these relationships extend into pooled investment vehicles or direct deal syndication is not disclosed.

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- [Arthur N. Rupe Foundation](https://altss.com/profile/arthur-n-rupe-foundation)
- [Big Win Philanthropy (US)](https://altss.com/profile/big-win-philanthropy-us)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/albion-college

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