# Middlebury College

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

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Middlebury, United States
- **Region:** North America
- **Address:** 152 Maple Street, Marble Works Suite 102, Middlebury, VT, United States
- **Founded:** 1800
- **Assets under management:** 1.598B (Altss estimate)
- **Website:** middlebury.edu
- **LinkedIn:** https://www.linkedin.com/school/middlebury-college/

## Regulatory record

- **Reports private funds:** No

## About

Middlebury College established its endowment in 1800 to provide permanent financial support for students, faculty, and programs. The structure separates the investment pool from the college's operating budget while maintaining board oversight through named trustees. Allocations span hedge funds, natural resources, private equity, and real estate. The portfolio holds core passive positions in VTI, VXUS, and BND alongside exposure through Investure LLC commingled funds. Geographic reach centers on North America with additional commitments to international equities. The college maintains direct ownership of multiple Vermont campuses and the Middlebury Institute of International Studies campus in Monterey, California. The endowment employs 377 staff across the broader institution. It belongs to NACUBO, COFHE, and the Intentional Endowments Network. February 2024: Presented on the Energy2028 plan and fossil fuel divestment strategies at the Higher Ed Climate Leadership Summit. July 2024: Attended the NACUBO Annual Meeting in Chicago. Investment decisions route through the external manager Investure LLC under board policy constraints, creating a hybrid governance model that delegates day-to-day execution while retaining trustee authority over ESG guidelines and divestment timelines.

## Sectors

- ClimateTech
- Energy Transition & Renewables
- PropTech
- Healthcare Services
- FinTech

## People

- William F. "Ted" Truscott — Board Chair
- George C. Lee II — Trustee
- Alice J. (A.J.) Murphy — Trustee and Chair of the Resources Committee

## Questions

### Who runs investment decisions at Middlebury College?

Investure LLC has acted as outsourced CIO since 2005 under policy set by the board Resources Committee chaired by Alice J. Murphy.

### Does Middlebury College participate in fund commitments or only direct deals?

The endowment commits to commingled funds through Investure LLC and maintains direct ownership of real assets including multiple campuses and the Snow Bowl ski area.

### What is Middlebury College's known posture on co-investments alongside external GPs?

No direct co-investment program is disclosed; allocations occur primarily through the Investure LLC relationship.

## Related profiles

- [Tyrus Capital](https://altss.com/profile/tyrus-capital)
- [Northumberland County Council Pension Fund](https://altss.com/profile/northumberland-county-council-pension-fund)

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

Canonical page: https://altss.com/profile/middlebury-college

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