Updated:
The Salvation Army
The Salvation Army USA Central Territory was established in 1865. It operates as part of the universal Christian Church with a focus on preaching the gospel...
The Salvation Army
The Salvation Army USA Central Territory was established in 1865. It operates as part of the universal Christian Church with a focus on preaching the gospel and meeting human needs without discrimination. The Central Territory covers Illinois, Iowa, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin. Asset holdings center on direct real estate ownership valued at an estimated $1.5B. Confirmed positions include the Central Territory Real Estate Portfolio, the Ray and Joan Kroc Corps Community Center Chicago, and the Salvation Army Central Territory Headquarters. Public equity holdings include positions in Microsoft, Apple, Amazon, NVIDIA, and Alphabet. The organization also maintains a Common Investment Fund and accepts cryptocurrency donations. The firm maintains 5,001 employees and additional vehicles including the Salvation Army World Service Office. A 2024 National Red Kettle Kickoff event occurred in Arlington, TX. Service providers include KPMG as auditor and Crowell & Moring as national legal counsel. Governance ties leadership directly to territorial command roles with no external LP structure or succession vehicle disclosed.
General information
Firm type
Endowment / Foundation
Year founded
1865
Location
Region
North America
Country
United States
City
Hoffman Estates
Corporate office
5550 Prairie Stone Pkwy, Hoffman Estates, IL, United States
Principals
Commissioner Evie Diaz
Territorial Commander
Colonel Thomas Louden
Chief Secretary
Tony Onagan
Director of Real Estate and Workplace
Phil Purcell
Director of Planned Giving and legal counsel
Sector focus
Frequently asked questions
Who runs investment decisions at the Salvation Army Central Territory?
Commissioner Evie Diaz serves as Territorial Commander with oversight of territorial assets. Phil Purcell handles planned giving and legal matters. Tony Onagan directs real estate operations.
What asset classes does the Salvation Army Central Territory hold?
Holdings include direct real estate across more than 3,000 buildings, public equities such as Microsoft and Apple, and a Common Investment Fund. Cryptocurrency donations are processed through Engiven and The Giving Block.
Does the Salvation Army Central Territory participate in private equity or venture investments?
The record shows limited exposure through a Private Equity Composite Portfolio held as a limited partner. No specific fund commitments or direct venture deals are listed.
Where does the Salvation Army Central Territory deploy capital geographically?
Deployment focuses on 11 Midwestern states plus international work through the Salvation Army World Service Office. Real estate assets span Illinois, Wisconsin, and other listed states.
How is the Salvation Army Central Territory structured relative to other foundations?
It operates as a territorial division of a global church organization with direct ownership of operating facilities rather than a grant-making endowment model. No external investment committee or typical foundation governance is disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: