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Illinois Institute of Technology
Illinois Institute of Technology traces its founding to 1890. The endowment pool supports the private research university's academic and research programs in...
Illinois Institute of Technology
Illinois Institute of Technology traces its founding to 1890. The endowment pool supports the private research university's academic and research programs in Chicago. The endowment allocates across hedge funds, private equity, infrastructure, commodities, and startup investments. Confirmed holdings include exposure through Stuart Investments. Geographic reach centers on North America with additional international campus development in Mumbai. The university maintains 19-acre and 120-acre campuses plus a 2023-opened life sciences facility. It lists 31 asset and relationship records including partnerships with Harrison Street and Wexford Science and Technology. No material operational events for the endowment itself appear in the last 24 months. Governance rests with the Board of Trustees and Endowment committee rather than a dedicated external CIO structure.
General information
Firm type
Endowment / Foundation
Year founded
1890
Location
Region
North America
Country
United States
City
Chicago
Corporate office
3040 S. Wabash Ave., Chicago, IL 60616, United States
Principals
Raj Echambadi
President
Michael P. Galvin
Chair of the Board of Trustees
Richard Levy
Trustee and Member of the Board of Endowment
Sector focus
Frequently asked questions
Who runs investment decisions at Illinois Institute of Technology Endowment?
The Board of Endowment and trustees including Richard Levy oversee allocations with support from external advisors Hirtle Callaghan and RockCreek Group.
Does the endowment participate in fund commitments or only direct deals?
What investment stages does the endowment target?
Records show exposure to seed and startup stages alongside later-stage private equity and hedge fund vehicles.
Where does the underlying wealth come from?
The pool consists of donated assets and investment returns that support the university founded in 1890.
Does the endowment maintain philanthropic structures?
The university operates the CPASS Foundation focused on STEM access for underrepresented students established in 1979.
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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