# Thrivent Charitable

Thrivent Charitable is an Endowment / Foundation based in Minneapolis, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** 600 Portland Ave Suite 5100, Minneapolis, MN 55415-1665, United States
- **Founded:** 1995
- **Assets under management:** 711 (Altss estimate)
- **Website:** thriventcharitable.com
- **LinkedIn:** https://www.linkedin.com/company/thriventcharitable

## About

Thrivent Charitable Impact & Investing was established in 1995 as a 501(c)(3) public charity. Mandy Tuong leads the organization as President and CEO while Kurt Senske serves as Board Chair. The entity maintains a formal affiliation with Thrivent Financial for Lutherans that supplies advisor collaboration and operational support. The charity deploys capital across private equity, venture capital, private credit and hedge fund strategies. Confirmed holdings include Reach Capital and Community Investment Management Enterprise Loan Fund through the Thrivent Charitable Impact Fund. Additional positions sit in Davidson Kempner Multi-Strategy Funds, Varde Investment Partners and Generation IM Asia Fund. Geographic exposure spans the United States and Asia. Donations of real estate, farmland, religious art and cryptocurrency are accepted and managed directly or through third-party custodians such as Engiven. Cambridge Associates acts as investment advisor and State Street Bank and Trust Company serves as custodian. The organization maintains 50 professionals and participates in the Lutheran Financial Managers Association and PEAK Grantmaking. January 2024: Presented on charitable giving strategies at the Thrivent Business Development Conference in Texas. Additional offices are not disclosed. Thrivent Charitable functions as a national donor-advised fund sponsor rather than a traditional single-family office. Its mandate requires separation between donor-directed grants and the investment activities of its parent fraternal benefit society, creating a distinct governance structure for faith-aligned philanthropy.

## Sectors

- Philanthropy
- Impact Investing

## People

- Mandy Tuong — President and CEO
- Kurt Senske — Board Chair

## Questions

### Who runs investment decisions at Thrivent Charitable?

Mandy Tuong serves as President and CEO. Cambridge Associates provides external investment advisory services. The board chaired by Kurt Senske oversees governance.

### How does Thrivent Charitable source proprietary deal flow?

Deal flow arrives primarily through Thrivent Financial advisors and donor referrals. The organization also participates in impact-focused limited partner commitments alongside other institutions.

### Does Thrivent Charitable participate in fund commitments or only direct deals?

It also holds direct positions in real estate, farmland and cryptocurrency donated by individuals.

### What investment stages does Thrivent Charitable typically target?

Allocations span early-stage venture through buyout and growth equity. Holdings include seed and startup vehicles as well as established private equity and hedge fund strategies.

### What is Thrivent Charitable's known posture on co-investments alongside external GPs?

The charity invests as a limited partner in external funds. No direct co-investment program with outside general partners is documented in available records.

## Related profiles

- [Granite Group Advisors](https://altss.com/profile/granite-group-advisors-llc)
- [DS Investment & Securities](https://altss.com/profile/ds-investment-securities)

---

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

Canonical page: https://altss.com/profile/thrivent-charitable

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