# Phillips Academy Endowment Andover

Phillips Academy Endowment Andover is an Endowment / Foundation based in Andover, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Andover, United States
- **Region:** North America
- **Address:** 180 Main Street, Andover, MA 01810, United States
- **Founded:** 1778
- **Assets under management:** 1500 (Altss estimate)
- **Website:** andover.edu
- **LinkedIn:** https://www.linkedin.com/school/phillips-academy/

## Regulatory record

- **Reports private funds:** No

## About

Phillips Academy was founded in 1778 by Samuel Phillips Jr. The endowment, managed from a dedicated New York office, supplies operating support that sustains the school's financial aid commitments. The portfolio includes commitments to private equity through TA Associates Management and real estate via Starwood Capital Group, alongside TSG Consumer Partners. Additional exposure covers hedge funds, distressed situations, and direct co-investments. Geographic reach extends to Africa, Asia, Europe, and the Middle East in addition to North America. The endowment reports six investment professionals. The investment office maintains relationships with Cambridge Associates as advisor and Northern Trust as custodian. A January 2025 panel addressed endowment performance and asset allocation. The structure features an independent investment office reporting to a board investment committee that includes external members such as Gil Caffray, creating separation between school operations and capital allocation decisions.

## Sectors

- Education

## Offices

- New York, NY

## People

- Amy C. Falls — President of the Board of Trustees

## Questions

### Who runs investment decisions at Phillips Academy Endowment Andover?

Kirsten Landers Glantz serves as Chief Investment Officer. Gil Caffray chairs the Investment Committee.

### Does Phillips Academy Endowment Andover participate in fund commitments or only direct deals?

The endowment acts as a limited partner in funds managed by TA Associates Management, Starwood Capital Group, and TSG Consumer Partners.

### What asset classes does the endowment allocate to?

Allocations include private equity, real estate, hedge funds, and distressed situations, with additional real assets exposure.

### How is the investment office structured relative to the school?

The New York-based investment office operates separately from the Andover campus and reports to the board investment committee.

## Related profiles

- [Perkins Coie Trust Company](https://altss.com/profile/perkins-coie-trust-company)
- [Plymouth County Retirement Association](https://altss.com/profile/plymouth-county-retirement-association)

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

Canonical page: https://altss.com/profile/phillips-academy-endowment-andover

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