# Breck School Breck School is an Endowment / Foundation based in Golden Valley, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Golden Valley, United States - **Region:** North America - **Address:** Golden Valley, Minnesota, United States - **Founded:** 1886 - **Assets under management:** Undisclosed - **Website:** breckschool.org - **LinkedIn:** https://www.linkedin.com/school/breck-school/ ## Regulatory record - **Reports private funds:** No ## About 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. ## Sectors - Education ## People - Natalia Rico Hernández — Head of School - Ted Forbath — Chief Operating Officer - The Rt Rev Craig Loya — Board Chair - Lee R. Anderson, Sr. — Lifetime Trustee ## Questions ### Who runs investment decisions at Breck School? The school does not publicly identify a dedicated chief investment officer or investment committee in its primary materials. Operational leadership sits with COO Ted Forbath, while the Board Chair and Lifetime Trustee Lee R. Anderson, Sr. represent the senior governance layer. The endowment is held and administered through the Breck School Foundation. ### Does Breck School participate in fund commitments or only direct deals? Breck's investment strategy tagging includes both fund-of-funds and direct deal entries across stages from early-stage seed to buyouts. This signals a blended approach: the endowment makes commitments into external venture and private equity funds while also placing direct co-investments or direct company bets, a pattern often seen among endowments of this size executing on a network-driven sourcing model. ### How does the Breck School Foundation relate to the school itself? The Breck School Foundation serves as the school's primary endowment and financial-support vehicle, holding the investment portfolio that generates returns for the school's operating and capital needs. Philanthropic donations flow through the foundation, and the school's leadership and board share governance over both the educational institution and the foundation. ## Related profiles - [32BJ Connecticut Pension Fund](https://altss.com/profile/32bj-connecticut-pension-fund) - [City of St. Cloud Police and Fire Retirement Plan](https://altss.com/profile/city-of-st-cloud-florida) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/breck-school Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology