# West Point Association of Graduates

West Point Association of Graduates is an Endowment / Foundation based in West Point, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** West Point, United States
- **Region:** North America
- **Address:** 698 Mills Road, West Point, NY 10996, United States
- **Founded:** 1869
- **Assets under management:** $784M (Altss estimate)
- **Website:** westpointaog.org
- **LinkedIn:** https://www.linkedin.com/company/west-point-association-of-graduates

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1869, the West Point Association of Graduates operates as the official alumni association and foundation for the United States Military Academy. Chaired by Robert A. McDonald — former Secretary of Veterans Affairs and CEO of Procter & Gamble — the organization channels private contributions from the academy's graduates into direct programmatic support, bypassing traditional grantmaking models. Peter Carey, a partner at Axonic Capital, leads the Investment Committee. The endowment's portfolio spans buyouts, early-stage venture, growth equity, and natural resources — a multi-asset mandate unusual for a single-academy foundation. Real assets held on behalf of West Point include the Herbert Hall Alumni Center and support for the Malek West Point Visitors Center. The association also sustains adjacent vehicles with distinct mandates. A dedicated wine program, a cryptocurrency donation channel, and the Long Gray Line Endowment operate as specialized fundraising streams. Over 120 West Point Societies worldwide connect graduates for networking and regional events, reinforcing a perpetual donor base that few institutional foundations can replicate. Unlike a typical endowment, WPAOG's structure blurs operating foundation and alumni association. It directly owns commercial real estate on campus, manages a retail gift shop inventory, and raises funds earmarked for Army West Point Athletic Association programs. This direct operational entanglement with the academy makes WPAOG less an external allocator and more an embedded financial engine for the Long Gray Line.

## Sectors

- Private Equity
- Venture Capital
- Natural Resources
- Real Estate

## People

- Robert A. McDonald — Chairman of the Board of Directors
- Herman E. Bulls — Vice-Chairman of the Board of Directors
- Peter Carey — Chairman of the Investment Committee

## Questions

### Who runs investment decisions at the West Point Association of Graduates?

Peter Carey, a partner at Axonic Capital, chairs the Investment Committee. Robert A. McDonald, the board chairman, provides top-level governance. Day-to-day investment staff details are not publicly disclosed.

### What asset classes does WPAOG invest in?

The endowment portfolio includes buyouts, venture capital (spanning seed to late stage), growth equity, and natural resources, according to Altss research. It also holds direct real estate interests, such as the Herbert Hall Alumni Center in West Point, New York.

### How is WPAOG related to the Army West Point Athletic Association?

WPAOG is a major financial partner to the Army West Point Athletic Association, providing substantial private funding for cadet athletic programs. Both entities support U.S. Military Academy cadets but operate under distinct charters.

### Where does WPAOG's underlying capital come from?

Capital originates from alumni donations and private fundraising from the Long Gray Line, the academy's global graduate network. Specialized channels include a wine program, a cryptocurrency donation option, and bequests through class giving campaigns.

## Related profiles

- [University of Maryland College Park Foundation](https://altss.com/profile/university-of-maryland-college-park-foundation)
- [William & Mary](https://altss.com/profile/william-mary)

---

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

Canonical page: https://altss.com/profile/association-of-the-graduates-of-the-united-states-military-academy

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