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Hope College
Hope College was founded in 1866 in Holland, Michigan. Matthew Scogin serves as president and developed the Hope Forward initiative that began in 2021.
Hope College
Hope College was founded in 1866 in Holland, Michigan. Matthew Scogin serves as president and developed the Hope Forward initiative that began in 2021. The model commits graduates to contribute back to the endowment after they enter the workforce. The endowment supplies income for scholarships and campus maintenance. The endowment deploys capital into hedge funds, private equity, and public equities. It also holds direct interests in campus real estate and a 49.7 percent stake in Creative Dining Services. Confirmed positions include limited partnership interests in Unigestion, BPOC, and Beecken Petty O'Keefe & Company Fund I. Geographic exposure centers on the United States and select international markets through fund commitments. The portfolio includes alternative investments valued at $229.9 million. The college employs 550 staff. It operates the Kruizenga Art Museum and the Haworth Hotel & Conference Center as owned assets. Additional vehicles include the Hope College Foundation established in 1866 and the Hope Forward Initiative. In August 2024 the college sponsored the Catalyst Summit on access to higher education. PJ Huizenga of Huizenga Capital Management joined the investment committee that year. The endowment maintains a hybrid structure that combines external managers with direct ownership of operating businesses and real assets. This setup allows the college to control key campus facilities while outsourcing portions of the financial portfolio to Cambridge Associates and Huizenga Capital Management.
General information
Firm type
Endowment / Foundation
Year founded
1866
Location
Region
North America
Country
United States
City
Holland
Corporate office
DeWitt Student Cultural Center, 141 East 12th Street, 2nd Floor, Holland, MI 49422-9000, United States
Principals
Matthew Scogin
President
Sector focus
Frequently asked questions
Who runs investment decisions at Hope College?
Matthew Scogin serves as president. PJ Huizenga of Huizenga Capital Management sits on the investment committee and alternative investments sub-committee. Cambridge Associates acts as external advisor.
Does Hope College participate in fund commitments or only direct deals?
The endowment commits to hedge funds, private equity funds, and fund-of-funds vehicles. It also holds direct equity in Creative Dining Services and owns multiple campus properties outright.
What investment stages does Hope College target?
The endowment allocates to buyout, growth, venture, distressed debt, and secondaries strategies through external managers. Direct holdings focus on operating businesses and real estate rather than early-stage startups.
Where does the underlying wealth come from?
The endowment receives gifts from families including Van Andel, DeVos, Haworth, and Huizenga. It also receives contributions through the Hope Forward pay-it-forward model from graduates.
How is Hope College related to its parent or related vehicles?
The Hope College Foundation serves as the primary philanthropic vehicle. It manages endowed scholarships separately from the main endowment pool.
Does Hope College maintain philanthropic structures, and how are they separated?
The Hope College Foundation holds endowed scholarships and academic funds. The Hope Forward Initiative operates as a distinct tuition-free funding vehicle established in 2021.
What is Hope College's known posture on co-investments alongside external GPs?
The endowment takes limited partner positions in external funds. It does not disclose active co-investment programs alongside those GPs.
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