Saint Michael's College

Saint Michael's College

Saint Michael's College, founded in 1904 by the Society of Saint Edmund, operates as a private Catholic liberal arts college in Colchester, Vermont. The endowment functions primarily to support the institution's 1,200 undergraduate students and its fully residential campus. Governance traces back to the founding religious order, though day-to-day investment decisions fall to Vice President of Finance Robert S. Robinson. The endowment allocates across natural resources, real assets, and private equity, with a strategy that includes buyout exposure and a specific timberland commitment. The real asset composite is anchored by direct holdings on and near campus, including the Main Campus at One Winooski Park, the Saint Michael's College Natural Area, and Fort Ethan Allen residential halls such as Hamel, Purtill, and Dupont Halls. A known off-campus land position sits on Route 15 in Colchester via Winchester Place. The college's partnership with Champlain Housing Trust extends to affordable-housing redevelopment, further concentrating the portfolio in Northern Vermont real estate. With an estimated $95.45 million in assets, the endowment belongs to NACUBO, NAICU, and the Association of Catholic Colleges and Universities. While no recent fund closes or major new commitments are on public record, the institution maintains a dedicated Saint Michael's College Fund alongside its physical-plant holdings. The McCarthy Art Gallery's permanent collection — including works like The Road to Emmaus — sits outside the investible portfolio but adds a modest cultural-asset dimension to the college's balance sheet. Saint Michael's stands structurally apart from large diversified endowments by operating a portfolio whose real-asset footprint and regional Vermont real estate define its risk profile. Timber, land, and mission-aligned housing exposure dominate, making the endowment a localized steward of capital rather than a national allocator chasing manager access.