# University of Mount Union

University of Mount Union is an Endowment / Foundation based in Alliance, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Alliance, United States
- **Region:** North America
- **Address:** Alliance, Ohio, United States
- **Founded:** 1846
- **Assets under management:** Undisclosed
- **Website:** mountunion.edu
- **LinkedIn:** https://www.linkedin.com/school/university-of-mount-union/

## Regulatory record

- **Reports private funds:** No

## About

Mount Union, chartered in 1846, operates a permanently endowed fund to support its educational mission. The Board of Trustees, chaired by Matthew G. Darrah, governs the institution's financial resources. Unlike many small-college endowments that prioritize long-only public equities and traditional fixed income, Mount Union's investment office focuses on secondaries and special situations. The school's top giving society, the 1846 Society, serves as a pipeline for leadership donors but does not function as a co-investment vehicle. The endowment actively participates in secondary market transactions, acquiring limited partnership interests from other investors. This strategy provides potential pricing advantages and portfolio diversification. Alongside secondary stakes, the university holds direct real estate assets including its main campus on Clark Avenue, the John T. Huston – Dr. John D. Brumbaugh Nature Center in Minerva, and downtown Alliance commercial properties on West State Street. Donor-advised relationships, such as the Veale Foundation scholarship fund, supplement institutional capital. Investment decision-making authority rests with the administration and board, led by President Greg King and Trustee Michael Jarrett of Jarrett Companies. Total endowment assets are estimated at $175.8 million (Altss estimate). The institution does not publicly disclose its investment team size or performance benchmarks. Mount Union is a member of the Council of Independent Colleges and competes in NCAA Division III athletics. September 2023: The Council of Independent Colleges selected Mount Union for its 2024-25 AI initiatives cohort, signaling an institutional appetite for operational innovation that may extend into endowment data management. Mount Union's structural differentiator is its overt focus on secondary transactions — a strategy typically reserved for far larger, more institutionally staffed allocators. The endowment is neither a fund-of-funds nor a direct-venture shop; it is a small, private-market-oriented pool operating without the legacy GPS-style (grants, public equities, fixed income) portfolio construction common among peers. Michael Jarrett's dual role as trustee and operating executive creates an unusual bridge between the endowment and a private business, though no formal co-investment arrangement is documented.

## Sectors

- Secondaries & Special Situations
- Real Estate

## People

- Matthew G. Darrah — Chair of the Board of Trustees
- Greg King — President of the University of Mount Union
- Michael Jarrett — Trustee; President of Jarrett Companies

## Questions

### What is the University of Mount Union's relationship with Jarrett Companies?

Michael Jarrett serves as a trustee of Mount Union and is the president of Jarrett Companies. He is identified as a major donor to the university. The relationship creates an alignment between a regional operating business and the institution's governance, though no formal advisory mandate or investment management contract between the endowment and Jarrett Companies is disclosed.

### What is the 1846 Society, and does it function as a co-investment vehicle?

The 1846 Society is the university's premier annual giving society for leadership donors. It is a fundraising and donor-recognition program, not a co-investment club, managed account, or separate legal vehicle for endowment investments.

## Related profiles

- [Pipefitters Local Union 274](https://altss.com/profile/pipefitters-local-union-274)
- [Amelia Peabody Foundation](https://altss.com/profile/amelia-peabody-foundation)

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

Canonical page: https://altss.com/profile/university-of-mount-union

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