# Maryland Institute College of Art Endowment Maryland Institute College of Art Endowment is an Endowment / Foundation based in Baltimore, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Baltimore, United States - **Region:** North America - **Address:** 1300 W Mount Royal Ave, Baltimore, MD 21217, United States - **Founded:** 1826 - **Assets under management:** Undisclosed - **Website:** www.mica.edu - **LinkedIn:** https://mica.edu ## Regulatory record - **Reports private funds:** No ## About Founded in 1826, the Maryland Institute College of Art Endowment supports the legacy of its namesake college under President Cecilia McCormick. Board governance includes Treasurer David J. Wallack of T. Rowe Price and Chair Jeffrey G. Bunting of Alpine Food Service Solutions. The endowment's mission is tied directly to the operating needs of one of the oldest art and design colleges in the United States, a member of the Association of Independent Colleges of Art and Design (AICAD). MICA's endowment deploys capital across distressed debt and growth strategies. Its physical footprint doubles as a real-asset portfolio concentrated in Baltimore's Bolton Hill and Station North neighborhoods. Holdings include the Main Building, Fox Building, Brown Center, Bunting Center, Lazarus Graduate Studio Center, Mount Royal Station, the Gateway mixed-use property, the Creative Learning Commons, the Bank Building Studio Center, and the Founder's Green residential asset. The endowment maintains an additional cultural holding in the MICA Permanent Collection, linking its financial reserves directly to the institution's academic and civic infrastructure. The endowment's trustees bridge regional finance, professional sports, and higher education leadership. Trustee John Angelos is the former chairman of the Baltimore Orioles; Ronald J. Daniels serves concurrently as president of Johns Hopkins University. Major donor and trustee Stuart B. Cooper has established endowed chairs and scholarships at the college. The institution participates in the Greater Baltimore Committee and the Baltimore Collegetown Network, embedding the endowment within local economic-development and academic consortia. Unlike endowment pools diversified primarily into third-party funds, MICA's endowment structure is tightly integrated with the college's own real estate operations and cultural holdings. Its board composition brings adjacent institutional capital and civic influence to the governance table — a configuration that blurs the line between pure financial management and regional stewardship. ## Sectors - Education - Real Estate - Distressed Debt ## People - Cecilia McCormick — President - Jeffrey G. Bunting — Board Chair - David J. Wallack — Board Treasurer ## Questions ### Who runs investment decisions at the Maryland Institute College of Art Endowment? The endowment is governed by MICA's Board of Trustees. Named officers include Board Chair Jeffrey G. Bunting, President Cecilia McCormick, and Board Treasurer David J. Wallack, a vice president at T. Rowe Price. Investment decisions ultimately fall under this board structure, though specific day-to-day investment staff are not publicly identified. ### How is MICA's endowment structured in terms of asset allocation? Altss research identifies distressed debt and growth as the endowment's primary strategy tags. The portfolio also includes a substantial concentration of directly owned commercial and mixed-use real estate in Baltimore, with at least ten named properties held along the Mount Royal Avenue corridor and in the Station North district. ### What real estate holdings does the MICA endowment directly control? The endowment's real estate includes the Main Building, Fox Building, Brown Center, Bunting Center, Lazarus Graduate Studio Center, Mount Royal Station, the Gateway mixed-use property, the Creative Learning Commons, the Bank Building Studio Center, and the Founder's Green residential building — all located in Baltimore. ### How much is the Maryland Institute College of Art Endowment worth? MICA does not publicly disclose a current endowment value. No specific AUM figure has been published by the institution or reported by a named external publication, so the size of the endowment remains undisclosed in the public record. ### Who sits on the board overseeing MICA's endowment? Trustees include Board Chair Jeffrey G. Bunting (President and Co-founder of Alpine Food Service Solutions), Treasurer David J. Wallack (Vice President at T. Rowe Price), John Angelos (former Chairman of the Baltimore Orioles), Ronald J. Daniels (President of Johns Hopkins University), and Stuart B. Cooper, a major donor who has funded endowed chairs and scholarships at the college. ### What is MICA's relationship to other Baltimore institutions? MICA is a member of the Baltimore Collegetown Network and the Greater Baltimore Committee. Its board includes the president of Johns Hopkins University, creating a direct governance link between two of Baltimore's largest higher-education institutions. ## Related profiles - [City of Irving Supplemental Benefit Plan](https://altss.com/profile/city-of-irving-supplemental-benefit-plan) - [Beaumont Firemen's Relief and Retirement Fund](https://altss.com/profile/beaumont-firemen-s-relief-and-retirement-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/maryland-institute-college-of-art-endowment Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology