# The Arkansas State University System Foundation

The Arkansas State University System Foundation is an Endowment based in Jonesboro, United States.

## Overview

- **Organization type:** Endowment
- **Headquarters:** Jonesboro, United States
- **Region:** North America
- **Address:** AR, United States
- **Founded:** 1977
- **Assets under management:** 110 (Altss estimate)
- **Website:** www.astatefoundation.org
- **LinkedIn:** https://www.linkedin.com/company/arkansas-state-university-foundation-inc

## Regulatory record

- **Reports private funds:** No

## About

The Arkansas State University System Foundation was founded in 1977 as a nonprofit corporation. Nicole Frey leads the organization as president. Its mandate centers on raising and deploying private capital to support the Arkansas State University System. The foundation allocates across hedge funds, venture capital partnerships, growth equity, mezzanine debt, and secondaries. Confirmed holdings include positions in commercial real estate such as the Judd Hill Center and residential properties including VC Kays House. Geographic exposure remains concentrated in Arkansas with additional activity through national fund commitments. Co-investors include the Judd Hill Foundation and the Windgate Foundation. The foundation reports an estimated $110 million under management. It maintains related vehicles including the Arkansas State University Real Estate Foundation Inc. and the Arkansas State University Red Wolves Foundation, Inc. Professional affiliations include NACUBO and the Association of Governing Boards of Universities and Colleges. Governance separates investment decisions from university operations through an independent board structure. Mark Ammerman chairs the investment committee.

## Sectors

- Education

## People

- Nicole Frey — President
- Mark Ammerman — Chair of the Investment Committee

## Questions

### Who runs investment decisions at the Arkansas State University System Foundation?

Nicole Frey serves as president. Mark Ammerman chairs the investment committee.

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

Allocations include hedge funds, venture capital, growth equity, mezzanine, and secondaries.

### Does the foundation make direct investments or only fund commitments?

It maintains both fund commitments and direct holdings in real estate and other assets.

### Where does the foundation deploy capital geographically?

Primary activity centers in Arkansas with national exposure through fund investments.

### What related vehicles does the foundation maintain?

Related entities include the Arkansas State University Real Estate Foundation Inc. and the Arkansas State University Red Wolves Foundation, Inc.

## Related profiles

- [LCM Family](https://altss.com/profile/lcm-family)
- [Utah Valley University](https://altss.com/profile/utah-valley-university-uvu)

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

Canonical page: https://altss.com/profile/the-arkansas-state-university-system-foundation-inc

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