Noble & Greenough School

Noble & Greenough School

Founded in 1866, Noble & Greenough School is a coeducational day and five-day boarding school for grades 7–12, overseen by Head of School Catherine J. Hall. The school's endowment investment portfolio is managed by the Business Office under CFO/COO Stephen M. Ginsberg, with the wealth originating from over a century of tuition, donations, and reinvested returns. The endowment allocates across private equity, hedge funds, and real estate, with a tilt toward buyout and growth-stage strategies. Confirmed sector focuses include Digital Health, FinTech, PropTech, and Sports & Wellness, with deals spanning direct co-investments and SPVs. Geographically, the portfolio covers North America, Europe, Asia, and Africa — though no specific portfolio companies or deal sizes have been publicly named. Nobles operates a 173-acre campus in Dedham, and the endowment is supported by a board that includes notable alumni such as Wyc Grousbeck, majority owner of the Boston Celtics, and Mayo A. Shattuck III, former Chairman of Exelon (per firm website). The school also runs The Achieve Program, a philanthropic initiative providing academic scholarships and community partnerships. A structural differentiator is the endowment's integration with the school's operating budget — investment returns directly fund financial aid (47% of students receive assistance) and campus infrastructure, rather than being held as a standalone pool. This ties allocation decisions to annual enrollment and tuition cycles.