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CollegeInvest
CollegeInvest was established in 1979 and operates under the Colorado Department of Higher Education. Angela Baier serves as CEO. The program runs four primary...
CollegeInvest
CollegeInvest was established in 1979 and operates under the Colorado Department of Higher Education. Angela Baier serves as CEO. The program runs four primary plans that accept contributions from Colorado families. Assets sit in mutual funds and insurance products. Confirmed holdings include the Vanguard Institutional Total Stock Market Index Fund, TIAA-CREF Real Estate Securities Fund, Vanguard Federal Money Market Fund, and a Nationwide Deferred Fixed Annuity Contract. Geographic focus remains domestic. The structure uses daily liquidity vehicles rather than private-market commitments or co-investments. The firm maintains three scholarship and grant vehicles: the CollegeInvest 529 Scholarship, First Step Program launched in 2020, and Matching Grant Program started in 2004. It employs service providers including Vanguard, Ascensus, TIAA-CREF Tuition Financing, FirstBank, and auditor Eide Bailly. August 2024: Angela Baier spoke at the First Step Advisory Board Meeting on financial literacy topics. CollegeInvest participates in the College Savings Plans Network and National Association of State Treasurers for policy coordination. Its board includes the sitting Colorado State Treasurer.
General information
Firm type
Endowment / Foundation
Year founded
1979
Location
Region
North America
Country
United States
City
Denver
Corporate office
1600 Broadway, Suite 2300, Denver, CO, United States
Principals
Angela Baier
CEO
David Chiavacci
Board Chair
Kirk Mielenz
Board Vice Chair
Dave Young
Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at CollegeInvest?
Angela Baier serves as CEO. The board includes Colorado State Treasurer Dave Young as a member and David Chiavacci as chair. External managers Vanguard and TIAA-CREF select underlying securities within approved options.
Does CollegeInvest participate in fund commitments or only direct deals?
The program invests exclusively through mutual funds and annuity contracts. It does not make private fund commitments or direct equity investments.
What investment stages does CollegeInvest typically target?
CollegeInvest targets liquid public market vehicles with daily valuation. It maintains no allocation to venture, growth equity, or private credit stages.
Where does the underlying wealth come from?
Assets consist of contributions from Colorado families into 529 accounts. No single family or private wealth source funds the program.
How is CollegeInvest related to the Colorado Department of Higher Education?
CollegeInvest functions as a division within the department. The relationship is structural rather than contractual.
Does CollegeInvest maintain philanthropic structures?
Yes. It administers the CollegeInvest 529 Scholarship, First Step Program, and Matching Grant Program. These vehicles provide grants and starter contributions to eligible Colorado residents.
What is CollegeInvest's known posture on co-investments alongside external GPs?
CollegeInvest does not engage in co-investments or club deals. All exposure occurs through commingled mutual funds and annuity products.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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