# Elmhurst University

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

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Elmhurst, United States
- **Region:** North America
- **Address:** 190 Prospect Avenue, Elmhurst, IL 60126, United States
- **Founded:** 1871
- **Assets under management:** Undisclosed
- **Website:** elmhurst.edu

## Regulatory record

- **Reports private funds:** No

## About

Elmhurst College Endowment is a US-based endowment plan with approximately $154 million in assets, primarily focused on North America.

## Sectors

- Education

## People

- Dr. Troy D. VanAken — President
- Julie Suderman — Chief Financial Officer

## Questions

### How does the Elmhurst University Endowment make investment decisions?

The university's Investment Committee, a body of trustees and administrators, oversees manager selection, asset allocation, and performance monitoring. The committee includes Joseph J. Prochaska Jr. and CFO Julie Suderman among its current members. Elmhurst has not adopted an outsourced chief investment officer (OCIO) model, keeping investment authority with internal leadership.

### What is the Kloet Student-Managed Investment Fund?

The Kloet Student-Managed Investment Fund is an educational vehicle established by Trustee Emeritus Thomas Kloet that manages a portion of the university's endowment. Undergraduate students make investment decisions under faculty supervision, gaining hands-on portfolio-management experience while contributing to the endowment's returns. It is one of the few such programs at a college of Elmhurst's size.

### What role do donors play in the endowment's structure?

Major benefactors such as Alfred Koplin, President of Alfred N. Koplin, Inc., and Thomas Kloet have contributed materially to the endowment while also serving as trustees. Their gifts enter the pooled endowment and are governed by the same spending rule and investment policy as other funds. The United Church of Christ affiliation also connects Elmhurst to a broader network of congregational donors.

### How is the endowment's spending rate determined?

Elmhurst applies a board-approved spending rule to smooth distributions for scholarships, academic programs, and campus operations. The precise rate is not publicly disclosed, but institutions in Elmhurst's tier commonly target payouts between 4 and 5 percent of a trailing three- to five-year average market value.

### Who is responsible for the endowment's overall financial oversight?

CFO Julie Suderman manages the university's finances, including the endowment, while President Troy D. VanAken holds ultimate strategic responsibility. The Investment Committee, which includes trustees such as Joseph J. Prochaska Jr., convenes periodically to review performance, rebalance allocations, and approve new manager mandates.

### What is the relationship between Elmhurst University and the United Church of Christ?

Founded by the German Evangelical Synod, a predecessor body, Elmhurst maintains its covenant with the United Church of Christ. The affiliation shapes the university's governance and donor base, though the endowment's investment policy is managed independently by the Investment Committee without religious screens disclosed publicly.

## Related profiles

- [Elm Tree Capital](https://altss.com/profile/elm-tree-capital)
- [Elmwood Wealth Management](https://altss.com/profile/elmwood-wealth-management)

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Last updated: 2026-07-08T21:53:47.758Z

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