Antioch University Endowment

Antioch University Endowment

The Antioch University Endowment functions as a permanent, self-sustaining funding source for Antioch University, an institution with a historic commitment to social justice and experiential learning founded in Yellow Springs, Ohio. Gifts made to the endowment are held in perpetuity, with the university drawing only on investment income to support its mission. Governance falls under the Board of Governors, which historically includes investment oversight; Howard Coleman, the former Chair of the Board and its Investment Committee, previously guided the endowment's strategy before moving to Coldstream Wealth Management as CIO. The endowment's deployment strategy spans a mix of traditional and alternative asset classes. While the institution does not publicly disclose its full portfolio composition, holdings include a dedicated pool of alternative investments alongside a network of directly owned real assets. These physical holdings include the Antioch University New England campus in Keene, New Hampshire, the Antioch University Midwest campus in Yellow Springs, Ohio, and commercial properties in Culver City and Santa Barbara, California. The university also owns Glover's Ledge, a conserved land parcel in Langdon, New Hampshire, and curates an art collection distributed across multiple campuses. Team scale and operational details remain closely held, as is typical for smaller endowments. The university maintains memberships in the National Association of College and University Business Officers (NACUBO) and the Association for the Advancement of Sustainability in Higher Education (AASHE), signaling attention to sector-standard endowment management and sustainability practices. The Lovelace family — notably Lillian Lovelace and Alicia Miñana De Lovelace — have served as trustees and major philanthropic supporters, connecting the endowment to a lineage of sustained family giving. No adjacent investment vehicles or spin-out entities have been identified. The endowment's structural differentiator lies in its multi-campus, mission-aligned footprint. Unlike most higher-education endowments tied to a single flagship campus, Antioch's pool supports a dispersed national network of learning sites and online programs. The investment income underpins not only financial aid and faculty but also the real estate and operational infrastructure of campuses in Ohio, New Hampshire, and California — making the endowment a direct facility landlord in addition to a fiduciary investor. This dual role as asset owner and institutional property holder creates a capital structure where the line between investment portfolio and university operations is unusually blurred.