# LaGrange College Endowment

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

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** LaGrange, United States
- **Region:** North America
- **Address:** LaGrange, GA, United States
- **Founded:** 1831
- **Assets under management:** AUM circa $58 million (Altss estimate)
- **Website:** www.lagrange.edu
- **LinkedIn:** https://www.linkedin.com/school/lagrange-college/

## Regulatory record

- **Reports private funds:** No

## About

LaGrange College, founded in 1831 and affiliated with the United Methodist Church, pools its financial assets into an endowment managed under the oversight of the Board of Trustees, currently chaired by Kathy R. McCollum. President Susanna L. Baxter leads the institution, while Executive Vice President for Finance and Operations Marty Pirrman handles day-to-day stewardship of the fund. The corpus supports student aid, academic programs, and campus facilities that include the Lamar Dodd Art Center, whose permanent collections hold European and American Indian art alongside a cache of photography masterworks. Strategy spans diversified assets, distressed debt, mezzanine, and secondaries, with a fund-of-funds overlay that provides the small endowment with manager access beyond what a direct portfolio would command. The college has historically relied on its real-estate footprint—the main campus on Broad Street, the Callaway Campus, and residential holdings like Broad Street Apartments—as a durable source of operational stability. Major philanthropic co-investors include the Callaway Foundation, which has donated over $35 million toward campus facilities. Headquartered in LaGrange, Georgia, the endowment operates as a single institutional pool rather than a constellation of philanthropic sub-funds. LaGrange College is a member of the National Association of Independent Colleges and Universities (NAICU) and the Georgia Independent College Association (GICA), and holds accreditation from the Southern Association of Colleges and Schools Commission on Colleges. The endowment's structure is straightforward: a committee-governed perpetual capital pool that functions as a true operating reserve. Its care is embedded within the college's finance operation rather than delegated to an external OCIO—a governance choice that keeps investment decisions close to campus leadership.

## Sectors

- Diversified
- Distressed Debt
- Fund of Funds
- Mezzanine
- Secondaries

## People

- Susanna L. Baxter — President
- Kathy R. McCollum — Chair of the Board of Trustees
- Michael Fay — Trustee
- Marty Pirrman — Executive Vice President for Finance and Operations

## Questions

### What investment strategies does the endowment use?

Altss research identifies the fund as employing diversified, distressed debt, fund-of-funds, mezzanine, and secondaries strategies. This mix combines broad market exposure through funds with opportunistic credit and secondary positions.

### Is the LaGrange College Endowment managed by an external OCIO?

No. Management of the endowment is retained in-house under the Office of Finance and Operations, led by Executive Vice President Marty Pirrman. The college has not publicly engaged an outsourced chief investment officer.

### What is the relationship between the LaGrange College Endowment and the United Methodist Church?

LaGrange College is an affiliated institution of the United Methodist Church and its University Senate. The church relationship influences governance and mission but does not directly fund the endowment; the endowment exists to support the college's own operations and student aid.

## Related profiles

- [Goldhirsh Foundation](https://altss.com/profile/goldhirsh-foundation)
- [MDRC](https://altss.com/profile/mdrc)

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

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

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