Clark University

Clark University

Clark University Endowment was established in 1887 by Jonas Gilman Clark. The fund has grown through investment returns and alumni gifts. David Fithian serves as president with Gary Labovich as chair of the Board of Trustees. The endowment allocates across hedge funds, private equity, real estate and commodities. It holds limited partner interests in Adage Capital Partners LP at 9.6 percent, Berkshire Hathaway Inc. at 4.7 percent and Westfield Capital Management at 8.6 percent. Geographic exposure centers on the United States with additional global natural resources exposure. Direct real estate holdings include the Main Campus and multi-family residential properties in Worcester used for student housing. The endowment reports 210 employees. Additional offices are not disclosed. Adjacent vehicles include the Higgins School of Humanities and the University Park Partnership established in 1995. October 2025: Attended NACUBO Leadership Congress in New Orleans. Service providers include Fiducient Advisors and NEPC LLC as investment advisors. The Investment Committee structure separates day-to-day management from trustee oversight. Roy DiNicola, a GMO director, serves on the committee alongside external consultants. This governance model channels decisions through named trustees and professional advisors rather than a single family principal.