Oglethorpe University Endowment

CFO and COO Pete Stobie oversees endowment management as part of his financial leadership role, reporting to President Kathryn McClymond. The university's board of trustees, which includes retired KPMG managing partner Milford McGuirt, provides governance oversight. Day-to-day investment management structure, including any outsourced CIO relationships, is not publicly disclosed.

The Student Led Investment Fund is an experiential learning program in which Oglethorpe undergraduates manage a real portfolio under faculty supervision. Trustee Milford McGuirt, a retired KPMG managing partner, serves as co-instructor. The fund operates separately from the main endowment but serves a dual purpose: training students in portfolio management and building alumni affinity that supports future fundraising.

Oglethorpe does not publicly report its endowment size as a standalone figure. Given the university's enrollment of approximately 1,500 students and its peer grouping among small Southern liberal arts colleges, Altss estimates the endowment falls in the $35 million to $50 million range. The 2023 $50 million Hammack School of Business gift, if added to the endowment corpus, would meaningfully increase its scale.

The Gray Stone Society is Oglethorpe University's recognition society for donors who have contributed $1 million or more cumulatively. Members include The Coca-Cola Foundation, a long-standing institutional partner. The society functions as a major-donor stewardship vehicle, which is structurally relevant because multi-million-dollar donors often influence the endowment's growth trajectory and, in some cases, its investment priorities.

In October 2023, alumnus Q. William 'Bill' Hammack, Jr. committed $50 million to establish the Hammack School of Business at Oglethorpe. This is the largest single gift in university history. While the exact flow of funds between the endowment and the new school's operating budget is not publicly detailed, gifts of this size at an institution of Oglethorpe's scale typically strengthen the endowment's overall asset base and may create restricted funds that alter the endowment's liquidity and payout profile.

No public evidence indicates that Oglethorpe participates in co-investment clubs, endowment-sharing platforms, or multi-family office networks. Its known co-investor relationships are philanthropic rather than investment-driven — The Coca-Cola Foundation and individual donors in the Gray Stone Society contribute financial support but are not documented as investment partners.

Trustee Milford McGuirt is a retired KPMG managing partner who co-instructs the Student Led Investment Fund. His relationship brings professional-services expertise to the investment program and governance oversight to the board, but KPMG itself has no publicly disclosed advisory or audit relationship with the endowment.