# Illinois Institute of Technology

Illinois Institute of Technology is an Endowment / Foundation based in Chicago, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 3040 S. Wabash Ave., Chicago, IL 60616, United States
- **Founded:** 1890
- **Assets under management:** 255 (per Altss research record, 2023)
- **Website:** iit.edu
- **LinkedIn:** https://www.linkedin.com/school/illinois-tech/

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Education
- ClimateTech
- Healthcare Services
- Industrial Tech
- Energy Transition & Renewables

## People

- Raj Echambadi — President
- Michael P. Galvin — Chair of the Board of Trustees
- Richard Levy — Trustee and Member of the Board of Endowment

## 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.

## Related profiles

- [Innovation and Technology Venture Fund](https://altss.com/profile/innovation-and-technology-venture-fund)
- [Maddie’s Fund](https://altss.com/profile/maddie-s-fund)

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

Canonical page: https://altss.com/profile/illinois-institute-of-technology

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