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Long Island University Endowment
Long Island University was established in 1926. Its endowment exists to fund academic operations across multiple New York campuses. The university maintains a...
Long Island University Endowment
Long Island University was established in 1926. Its endowment exists to fund academic operations across multiple New York campuses. The university maintains a 501(c)(3) status and reports endowment assets separately from its broader real estate holdings. The endowment holds a mix of public equities, private equity commitments, and direct real estate. Confirmed holdings include the LIU Post Campus and Brooklyn Campus properties. A 2023 transaction sold development rights on the Brooklyn site to RXR Realty for $76 million. Geographic exposure centers on New York with additional commitments placed through external managers on a global basis. Global Endowment Management has served as outsourced CIO since 2012. The university lists 1,090 million in total assets when real estate and investments are combined. A student-run investment fund manages a designated slice of the endowment under faculty oversight. No additional offices outside the New York campuses are recorded. The endowment operates under the university's board governance with no separate family succession mechanism. Oversight is exercised through the Board of Trustees chaired by Eric Krasnoff.
General information
Firm type
Endowment / Foundation
Year founded
1926
Location
Region
North America
Country
United States
City
Brookville
Corporate office
720 Northern Boulevard, Brookville, NY, United States
Principals
Kimberly R. Cline
President
Eric Krasnoff
Chairman of the Board of Trustees
Frequently asked questions
Who runs investment decisions at Long Island University Endowment?
Global Endowment Management serves as outsourced chief investment officer since 2012. The university board retains final oversight through its investment committee.
Does Long Island University Endowment participate in fund commitments or only direct deals?
The endowment makes private equity fund commitments and holds direct real estate assets including its two main campuses.
Where does the underlying wealth come from?
The endowment is funded through university operating surpluses, donations, and investment returns. No single family or corporate founder is disclosed as the source.
What investment stages does Long Island University Endowment typically target?
The endowment targets a diversified allocation across public markets and private equity without a disclosed stage preference beyond standard endowment policy.
How is Long Island University Endowment related to the university itself?
The endowment is an internal pool owned and governed by Long Island University, a 501(c)(3) nonprofit established in 1926.
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