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Marist University
Marist College was established in 1929 by the Marist Brothers as a private institution in Poughkeepsie, New York. Its endowment provides ongoing support for...
Marist University
Marist College was established in 1929 by the Marist Brothers as a private institution in Poughkeepsie, New York. Its endowment provides ongoing support for scholarships and operations at the university, which enrolls over 6,000 students. The endowment allocates across domestic equities valued at $10.7 million and international equities at $13.6 million as of recent statements. It also holds positions in alternative vehicles including Ardian Secondary Fund VII and maintains the student-run Greystone Equity Fund. Geographic exposure centers on the United States with additional activity through the Italy campus partnership. The university reports 582 employees and operates additional properties including the Raymond A. Rich Institute estate in Esopus, New York. In March 2024 the Marist Fund raised $562,000 during its Day of Giving event for student scholarships. Governance rests with a board of trustees that includes executives from IBM and Goldman Sachs, alongside direct management of real assets through entities such as MC Real Property Holdings, LLC.
General information
Firm type
Endowment / Foundation
Year founded
1929
Location
Region
North America
Country
United States
City
Poughkeepsie
Corporate office
3399 North Road, Poughkeepsie, NY 12601, United States
Additional offices
Florence, Italy
Principals
Kevin C. Weinman
President
Genine McCormick
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Marist College?
The endowment is overseen by the university administration under President Kevin C. Weinman with board oversight from Chair Genine McCormick and trustees including Thomas M. Murray of Goldman Sachs.
Does Marist College participate in fund commitments or only direct deals?
The endowment holds limited partner positions in vehicles such as Ardian Secondary Fund VII and maintains an internal student-managed equity fund.
What asset classes appear in the Marist College portfolio?
Reported holdings include domestic and international public equities plus alternative investments and direct real estate assets.
Where does the Marist College endowment maintain geographic exposure?
Primary activity is in the United States with additional operations through the Florence, Italy campus and joint-venture property holdings.
How is the Marist College endowment governed?
A board of trustees provides oversight; members include current and former executives from IBM, UnitedHealth Group, and Goldman Sachs.
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