# Illinois College Endowment

Illinois College Endowment is an Endowment / Foundation based in Jacksonville, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Jacksonville, United States
- **Region:** North America
- **Address:** 1101 West College Avenue, Jacksonville, IL 62650, United States
- **Founded:** 1829
- **Assets under management:** $139M (Altss estimate)
- **Website:** www.ic.edu
- **LinkedIn:** https://www.ic.edu

## Regulatory record

- **Reports private funds:** No

## About

The endowment supports Illinois College, a private liberal arts college founded in Jacksonville, Illinois in 1829. President Barbara Farley has led the institution since 2013, with Steven R. Mills — a retired Archer Daniels Midland executive — serving as Board Chair. The college maintains its historic affiliation with the United Church of Christ and the Presbyterian Church (USA). The endowment pool is deployed to sustain college operations — funding faculty compensation, student financial aid, and academic programming — as a permanent capital base rather than a tactical return-seeking vehicle. Physical assets on the college’s balance sheet include the 1101 West College Avenue campus, the McGaw Fine Arts Center, and a farmstead on Nortonville Road in Murrayville, Illinois. The institution participates in the annual NACUBO-Commonfund Study of Endowments. Specific outside managers, asset allocations, or direct holdings are not publicly disclosed. Altss estimates the endowment at approximately $139M. The college does not publish a headcount specific to investment staff, nor does it operate adjacent vehicles such as a venture arm or real asset subsidiary. Philanthropic structures include the Howard and Vera Million Endowed Scholarship. In addition to its core endowment, distinct named collections — the Khalaf Al Habtoor Archives, the Paul Findley Congressional Office Museum Collection, and the Woodcock Art Gallery Collection — reflect a long-accumulated cultural and educational asset base housed on campus. Illinois College’s structural distinction is its dual identity as an operating undergraduate institution and capital steward. The endowment is not a standalone allocator; investment governance sits with the college’s president and Board of Trustees, integrating capital management directly with the academic mission. This alignment makes the endowment’s posture inherently long-duration and liability-aware, with spending policy rather than absolute return the primary constraint.

## Sectors

- Education

## People

- Barbara A. Farley — President
- Steven R. Mills — Chair of the Board of Trustees

## Questions

### What is the size of the Illinois College endowment?

Illinois College does not publicly disclose a current endowment value. Altss estimates the pool at roughly $139M based on available institutional profiles and peer comparisons. The college participates in the NACUBO-Commonfund Study of Endowments but does not release individual study results.

### Does Illinois College manage any direct real estate or farmland as part of its endowment?

Yes. The college’s balance sheet includes the main campus at 1101 West College Avenue, the McGaw Fine Arts Center, and a farm property at 2464 Nortonville Road in Murrayville, Illinois. These are institutional assets rather than liquid endowment investments.

### What is Illinois College’s relationship with the United Church of Christ and Presbyterian Church (USA)?

Illinois College was founded in 1829 and maintains a historic affiliation with both the United Church of Christ and the Presbyterian Church (USA). The relationship is rooted in the college’s origin story and continues to inform its mission, though the endowment itself is not a church-managed fund.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/illinois-college-endowment

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology