# Blackburn University Endowment

Blackburn University Endowment is an Endowment / Foundation based in Carlinville, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Carlinville, United States
- **Region:** North America
- **Address:** 700 College Ave, Carlinville, IL 62626, United States
- **Founded:** 1837
- **Assets under management:** Undisclosed
- **Website:** blackburn.edu
- **LinkedIn:** https://linkedin.com/company/blackburn-university

## Regulatory record

- **Reports private funds:** No

## About

Blackburn University Endowment is a US-based endowment plan with approximately $32 million in assets across 3 funds. It focuses on North America.

## Sectors

- Real Estate
- Education

## People

- Larry K. Lee — President
- Paul Tepikian — Chair of the Board of Trustees

## Questions

### How does Blackburn's work-college status affect endowment management?

As one of fewer than ten federally recognized work colleges, Blackburn requires all resident students to hold campus jobs, with wages defraying roughly $10,000 of annual tuition. The endowment directly funds some of these work positions and the infrastructure supporting them. The pool takes a conservative posture — it must produce reliable distributions to support the work program, not maximize long-horizon appreciation.

### Does the endowment own any operating or real assets directly?

Yes. Beyond traditional financial holdings, the endowment's asset base includes the Blackburn Solar Array, an 80-acre commercial solar installation in Carlinville that generates electricity and revenue. It also holds the Rock's Patch land parcel. Whether the main campus itself is legally titled inside the endowment entity or the operating college is not clear from public records, but the assets are managed holistically.

### How is Blackburn University Endowment related to the Presbyterian Church?

Blackburn College maintains its historical affiliation with the Presbyterian Church (USA). The church does not exercise direct control over the endowment, but the relationship is sufficient for Blackburn to be listed among the church's affiliated educational institutions. There is no indication the affiliation imposes investment restrictions on the endowment pool.

## Related profiles

- [Black Spade Capital](https://altss.com/profile/black-spade-capital)
- [Blackfort](https://altss.com/profile/blackfort)

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Updated: 2026-06-03T20:00:00.000Z

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