Endowment / Foundation

Updated:

The Taft School

The Taft School was established in 1890 by Horace Dutton Taft in Watertown, Connecticut. The institution operates as a 501(c)(3) entity under The Taft School...

The Taft School

The Taft School was established in 1890 by Horace Dutton Taft in Watertown, Connecticut. The institution operates as a 501(c)(3) entity under The Taft School Corporation and maintains an endowment to fund financial aid and academic programs. Wealth origin traces directly to the founding family branch in education. The endowment deploys capital across private equity, real estate, and commodities through limited partnership interests in Commonfund Capital International Partners funds and New Providence Asset Management as outsourced CIO since 2010. Confirmed holdings include Commonfund Capital International Partners IV LP, V LP, and VI LP. Geographic exposure centers on the United States with additional commitments to global private equity strategies. The school employs 133 professionals and maintains a 226-acre campus valued at approximately $190 million. Adjacent vehicles include the Red Rhino Fund, a student-run grantmaking vehicle established in 2007. No material operational events affecting the endowment occurred in the last 24 months. Governance centers on a board-led Finance and Investment Committee that retains New Providence Asset Management for day-to-day portfolio decisions while the school corporation holds legal title to all assets.

General information

Firm type

Endowment / Foundation

Year founded

1890

Location

Region

North America

Country

United States

City

Watertown

Corporate office

110 Woodbury Road, Watertown, CT 06795, United States

Principals

Peter Becker

Head of School

Sarkis D. Izmirlian II

Board Chair

Anthony W. Pasquariello

Chair of the Committee on Finance and Investment

Sector focus

Education

Frequently asked questions

Who runs investment decisions at The Taft School?

The Finance and Investment Committee of the board, chaired by Anthony W. Pasquariello, sets policy while New Providence Asset Management serves as outsourced chief investment officer.

Does The Taft School participate in fund commitments or only direct deals?

The endowment holds limited partnership interests in multiple Commonfund private equity funds and maintains direct ownership of campus real estate.

Where does the underlying wealth come from?

The endowment originates from philanthropic gifts and operating surpluses accumulated since the school's founding by Horace Dutton Taft in 1890.

What investment stages does The Taft School typically target?

The endowment accesses venture and buyout exposure through fund-of-funds vehicles rather than direct early-stage or growth equity investments.

How is The Taft School related to its investment advisors?

New Providence Asset Management has acted as outsourced CIO since 2010; Commonfund provides additional fund management and benchmarking services.

Profile maintained by 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.

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