# The Salvation Army

The Salvation Army is an Endowment / Foundation based in Hoffman Estates, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Hoffman Estates, United States
- **Region:** North America
- **Address:** 5550 Prairie Stone Pkwy, Hoffman Estates, IL, United States
- **Founded:** 1865
- **Assets under management:** 16773 (Altss estimate)
- **Website:** centralusa.salvationarmy.org/usc
- **LinkedIn:** https://www.linkedin.com/company/the-salvation-army-usa-central-territory

## Regulatory record

- **Reports private funds:** No

## About

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 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.

## Sectors

- Diversified

## People

- 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

## 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.

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- [SIX Group Pension Fund](https://altss.com/profile/six-group-pension-fund)
- [Hong Leong Bank](https://altss.com/profile/hong-leong-bank)

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

Canonical page: https://altss.com/profile/the-salvation-army

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