# Springfield College Endowment

Springfield College Endowment is an Endowment based in Springfield, United States.

## Overview

- **Organization type:** Endowment
- **Headquarters:** Springfield, United States
- **Region:** North America
- **Address:** Springfield, MA, United States
- **Founded:** 1885
- **Assets under management:** Undisclosed
- **Website:** https://springfield.edu
- **LinkedIn:** https://www.linkedin.com/company/springfield-college

## Regulatory record

- **Reports private funds:** No

## About

Springfield College Endowment is a US-based endowment plan with approximately $103 million in assets across six funds. It focuses on North America.

## Sectors

- Real Estate

## People

- Marenda Brown-Stitzer — Chair of the Board of Trustees
- Lester Primus — Vice President for Finance and Administration; Treasurer
- Mike Kelly — Trustee; Head of Real Estate Americas at JP Morgan Asset Management

## Questions

### Who runs investment decisions at Springfield College Endowment?

Investment oversight sits with the Vice President for Finance and Administration, Lester Primus, who serves as Treasurer. Final fiduciary authority rests with the Board of Trustees, chaired by Marenda Brown-Stitzer. The board includes trustee Mike Kelly, who runs real estate for the Americas at JP Morgan Asset Management and brings direct institutional real estate expertise.

### How does Springfield College Endowment manage its real estate holdings?

The endowment carries direct real estate exposure through Hickory Street Development LLC, a commercial entity at the campus address, and a rental property portfolio in Springfield, Massachusetts. These are not held through external fund managers — they represent self-managed assets unusual for an endowment at this scale.

### Does Springfield College Endowment participate in fund commitments or only direct deals?

The endowment operates as a traditional institutional allocator with a mix of external fund commitments and direct property ownership. The direct real estate component, including the Hickory Street entity and rental portfolio, sits alongside a standard endowment allocation model, though precise fund-level commitments are not publicly disclosed.

### What is Springfield College's connection to the Naismith Memorial Basketball Hall of Fame?

The connection runs through the Board of Trustees. John L. Doleva, President and CEO of the Naismith Memorial Basketball Hall of Fame, serves as a trustee of the college. Springfield College is the birthplace of basketball, invented by faculty member James Naismith in 1891, which creates an institutional and historical link between the two organizations.

### How is the Alvin J. McKenzie Scholarship Fund related to the endowment?

The Alvin J. McKenzie Scholarship Fund operates alongside the endowment as a named philanthropic vehicle directing returns toward student financial aid. It functions as a restricted-use fund rather than a separate foundation, pooling its assets with the broader endowment for investment purposes while earmarking returns for scholarships.

## Related profiles

- [Spring Investments](https://altss.com/profile/spring-investments)
- [Springwater Wealth Management](https://altss.com/profile/springwater-wealth-management)

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

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