# Indiana Institute of Technology Endowment

Indiana Institute of Technology Endowment is an Endowment / Foundation based in Fort Wayne, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Fort Wayne, United States
- **Region:** North America
- **Address:** 1600 E. Washington Blvd, Fort Wayne, IN 46803, United States
- **Founded:** 1930
- **Assets under management:** $165.9 million (per Altss research, 2024)
- **Website:** indianatech.edu
- **LinkedIn:** https://www.linkedin.com/school/indiana-tech/

## Regulatory record

- **Reports private funds:** No

## About

The Indiana Institute of Technology Endowment, founded alongside the university in 1930, operates as a perpetual financial engine backing the institution's mission in Fort Wayne. Its governance falls under President Karl Einolf and a board chaired by Gregg Sengstack, CEO of Franklin Electric. Unlike endowments that simply cut checks to external managers, this pool is interwoven with the university's physical campus strategy and its major donor relationships. The endowment's investment activity blends direct real estate exposure with venture-stage commitments concentrated in Industrial Tech and EdTech. Confirmed campus-linked assets include the Zollner Engineering Center, the Electric Works Building 36 innovation hub, and multiple instructional sites across Indiana, Kentucky, and Illinois. A $21 million grant from Lilly Endowment Inc., earmarked for the Junction 36 advanced manufacturing center, exemplifies the endowment's reliance on program-related philanthropy alongside traditional portfolio management. Geographic focus remains squarely in the Midwest, anchored by the Fort Wayne headquarters and regional centers. While total professional investment staff is not disclosed, the institution participates in NACUBO's endowment performance studies and maintains a network of master investment accounts. The endowment does not publicly disclose its asset allocations or external manager roster. Its operational footprint extends to esports through a founding membership in the National Association of Collegiate Esports and to regional talent development via the Northeast Indiana Regional Partnership. There is no evidence of a separate venture fund or sidecar vehicle; investment activity appears integrated with the university's administrative and advancement offices. The endowment's structural differentiator is its hybrid model. Rather than functioning purely as a passive capital pool, it merges philanthropic grants, campus real estate development, and startup investments into a single balance sheet.

## Sectors

- Industrial Tech
- EdTech

## Offices

- Elkhart, IN
- Evansville, IN
- Fishers, IN
- Greenwood, IN
- Huntington, IN
- Indianapolis, IN
- Jeffersonville, IN
- Kendallville, IN
- Mishawaka, IN
- Munster, IN
- Warsaw, IN
- Louisville, KY
- Fort Wright, KY
- Naperville, IL
- Wilmette, IL

## People

- Karl W. Einolf — President
- Gregg C. Sengstack — Chairperson of the Board of Trustees
- Richard J. Schul — Vice Chair of the Board of Trustees

## Questions

### Who makes investment decisions for the Indiana Tech Endowment?

The endowment operates under the president, Karl Einolf, and the Board of Trustees, chaired by Gregg Sengstack. Investment decisions and oversight combine administrative leadership with board-level governance, reflecting a traditional endowment model where final authority sits with trustees and the university's leadership.

### How does the endowment interact with the larger Lilly Endowment grant?

Lilly Endowment Inc. granted Indiana Tech $21 million to create an advanced manufacturing and innovation center, known as Junction 36. This grant flows into the university's balance sheet and shapes capital deployment beyond purely market-facing investments, integrating philanthropic funding with tangible campus development.

### What real estate assets does the endowment control?

The endowment backs the university's main campus at 1600 E. Washington Blvd in Fort Wayne, along with the Electric Works Building 36 innovation facility, the Zollner Engineering Center, and a network of instructional and regional classroom sites across Indiana, Kentucky, and Illinois.

## Related profiles

- [University of Southern Mississippi Foundation](https://altss.com/profile/university-of-southern-mississippi-foundation)
- [Maringa Previdencia](https://altss.com/profile/maringa-previdencia)

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Last updated: 2026-08-11T02:43:31.692Z

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

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