Breck School

Breck School

Founded in 1886, Breck School operates as an independent Episcopal college-preparatory day school in Golden Valley, Minnesota. The institution is overseen by Head of School Natalia Rico Hernández, with operational leadership from COO Ted Forbath and governance under Board Chair The Rt Rev Craig Loya, Bishop of the Episcopal Church in Minnesota. Lifetime Trustee Lee R. Anderson, Sr., billionaire owner of APi Group, anchors a donor base that sustains the school's financial foundation. The school's endowment pursues an unusually wide-ranging investment strategy, spanning venture capital from seed to late-stage, growth equity, buyouts, turnarounds, and fund-of-funds commitments. Unlike many educational endowments that cluster in large-cap public equities and fixed income, Breck's approach mirrors a hybrid family office posture. The geographic focus sits in North America, with sourcing concentrated in the Upper Midwest's private company and startup ecosystem. Total endowment assets are not publicly reported by the school, but Altss estimates the pool at roughly $66 million. The endowment is managed through the Breck School Foundation, the school's primary financial-support entity. Governance is embedded in the school's broader institutional structure, with no spin-out management company or separate asset-management subsidiary disclosed. The leadership team participates in the National Business Officers Association, a professional network for independent school finance leaders. What structurally differentiates Breck School's endowment is its investment-policy latitude. The school is a sufficiently small allocator that it can make direct seed-stage investments and turnaround bets — asset classes typically too small for larger endowments to pursue at scale. This gives Breck access to a segment of the deal market where personal networks in the Twin Cities confer an sourcing advantage that no institutional RFP process can replicate.