# New York Medical College

New York Medical College is an Endowment / Foundation based in Valhalla, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Valhalla, United States
- **Region:** North America
- **Address:** Valhalla, New York, United States
- **Founded:** 1860
- **Assets under management:** Less than $100M (Altss estimate)
- **Website:** nymc.edu
- **LinkedIn:** https://www.linkedin.com/school/new-york-medical-college/

## Regulatory record

- **Reports private funds:** No

## About

New York Medical College was established in 1860 and joined the Touro University System in 2011, placing its endowment under the governance of a multi-institutional academic network. Joseph D. Mark, a former investment banker and venture capitalist, serves as Chair of the Board of Trustees, providing financial oversight. The college operates from a campus in Valhalla, New York, and trains students through its School of Medicine, Graduate School of Biomedical Sciences, and School of Health Sciences and Practice. The endowment is deployed as a fund-of-funds, with underlying allocations not publicly detailed. Real estate assets form a tangible component of the portfolio, including the primary campus at 40 Sunshine Cottage Road, a commercial building at 19 Skyline Drive, the BioInc@NYMC incubator at 7 Dana Road, and residential properties known as Grasslands I and II. Academic operations are anchored by the partnership with Westchester Medical Center, the college's primary clinical affiliate. The board of trustees guides investment policy alongside system-level administration from Touro, though specific staffing for the investment office is not publicly disclosed. A $3 million grant from the Norman E. Alexander Family M Foundation has recently supported campus development, and the college maintains professional memberships in the Association of American Medical Colleges and the Associated Medical Schools of New York. The endowment remains sized below $100 million, placing it among smaller institutional pools. NYMC's structure distinguishes it from a standalone single-family office or a purely independent endowment. Its integration into the Touro University System means investment governance is shared, and the presence of a former VC as board chair introduces venture-oriented thinking to a traditionally conservative fund-of-funds approach.

## Sectors

- Healthcare Services
- Education
- Real Estate

## People

- Joseph D. Mark — Chair of the Board of Trustees

## Questions

### How is the New York Medical College endowment invested?

The endowment follows a fund-of-funds strategy, meaning it allocates capital across multiple external managers rather than selecting individual securities or making direct investments. Asset-class specifics are not publicly reported. The portfolio also includes direct real estate assets in Valhalla, New York, such as campus buildings, a life-science incubator, and residential properties.

### Which sectors does the New York Medical College endowment explicitly focus on?

The endowment's fund-of-funds approach does not restrict it to specific sector mandates, but the college's operations concentrate on healthcare services, biomedical education, and clinical research. Its wholly owned real estate portfolio is specific to the Valhalla campus and includes the BioInc@NYMC incubator, which houses early-stage life-science companies.

### Does the New York Medical College endowment co-invest with other institutions?

The endowment has been supported by targeted philanthropic capital, such as a $3 million grant from the Norman E. Alexander Family M Foundation for campus development, but no ongoing co-investment partnerships with external institutional investors are disclosed. Its investment activity is primarily conducted through fund commitments.

## Related profiles

- [Knights of Columbus Asset Advisors](https://altss.com/profile/knights-of-columbus-asset-advisors-llc)
- [North Adams Retirement Board](https://altss.com/profile/north-adams-retirement-board)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/new-york-medical-college

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