# Savannah College of Art and Design

Savannah College of Art and Design is an Endowment / Foundation based in Savannah, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Savannah, United States
- **Region:** North America
- **Address:** SCAD Admission Department, Savannah, GA 31402, United States
- **Founded:** 1978
- **Assets under management:** 459 (Altss estimate)
- **Website:** scad.edu
- **LinkedIn:** https://www.linkedin.com/school/savannah-college-of-art-and-design/

## Regulatory record

- **Reports private funds:** No

## About

Savannah College of Art and Design was established in 1978 by Paula Wallace and Richard Rowan. The institution operates as a private art and design university with no external wealth creator disclosed. The endowment holds direct positions in commercial, mixed-use, and residential real estate across Savannah and Atlanta. Confirmed holdings include Poetter Hall, the SCAD Savannah Campus parcels, the SCAD Atlanta Campus, and the SCAD Lacoste Campus in France. The SCADpro Fund has taken limited partner positions in FilmHedge and previously owned Liist. Additional assets encompass the SCAD Museum of Art permanent collection of more than 4,500 works and the Walter and Linda Evans Collection of African American Art. The university employs 1,906 people and maintains an active development pipeline. In 2024 it launched the SCAD SERVE Community Fund with an estimated $2 million in giving that included grants to the City of Savannah and Union Mission. A $159 million bond financed the 641 West River St student housing project while a $38.75 million purchase closed on the 645 Indian St site in April 2023. State Street Global Advisors serves as investment advisor. SCAD maintains a hybrid structure that combines endowment management with direct ownership of operating campuses and cultural assets. This architecture allows the institution to control physical infrastructure and art holdings without reliance on external fund commitments.

## Sectors

- Education
- Real Estate

## Offices

- Atlanta, GA, United States
- Lacoste, France

## People

- Paula Wallace — Founder and President
- Glenn Wallace — COO
- Richard Rowan — Co-founder
- Domenico De Sole — Board member

## Questions

### Who runs investment decisions at Savannah College of Art and Design?

Paula Wallace serves as founder and president. Glenn Wallace acts as COO. The board includes Domenico De Sole.

### Does Savannah College of Art and Design participate in fund commitments or only direct deals?

The SCADpro Fund has taken limited partner positions in FilmHedge and previously owned Liist. Most holdings consist of direct real estate and art assets.

### What asset classes does Savannah College of Art and Design hold?

Holdings include commercial and residential real estate, contemporary and historical art collections, and select startup investments through the SCADpro Fund.

### Where does Savannah College of Art and Design maintain physical campuses?

Campuses operate in Savannah and Atlanta, Georgia, plus Lacoste, France. The Savannah campus comprises 98 parcels.

### What recent operational events has Savannah College of Art and Design completed?

In 2024 the institution launched the SCAD SERVE Community Fund. A $159 million bond financed new student housing in Savannah.

### Which service providers support Savannah College of Art and Design operations?

Grant Thornton serves as auditor since 2024. State Street Global Advisors acts as investment advisor. Hull Barrett provides legal counsel.

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

Canonical page: https://altss.com/profile/savannah-college-of-art-and-design

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