# University of Toledo Foundation

University of Toledo Foundation is an Endowment / Foundation based in Toledo, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Toledo, United States
- **Region:** North America
- **Address:** Toledo, Ohio, United States
- **Assets under management:** $639M (Altss estimate)
- **Website:** utfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/utfound

## Regulatory record

- **Reports private funds:** No

## About

The Foundation serves as the official fundraising and endowment management arm for The University of Toledo, operating from the university's main campus in Toledo. Its board draws on deep local corporate ties, with directors who previously held senior roles at automotive supplier Dana and building materials giant Owens Corning. The Foundation's mandate extends beyond traditional asset management; it also anchors the University's alumni-engagement machinery through the University of Toledo Alumni Association. The portfolio itself reflects a diversified, multi-asset-class approach — spanning private equity, venture capital, hedge funds, real estate, and fixed income. The Foundation is an active direct real estate player in the Toledo market: its holdings include the mixed-use UToledo Gateway at Dorr Street and Secor Road, the Center for Alumni and Donor Engagement (CADE) — a commercial property donated by Welltower in 2018 as the largest gift in the Foundation's history — and a residential presidential property in Ottawa Hills. On the venture and growth side, thematic priorities converge around healthcare services, digital health, energy transition, climate technology, and a slice of agri-food innovation. A notable operational feature is the Student Managed Portfolio, which serves dual purposes: a training ground for UToledo finance students and a modest, live allocation. The Foundation itself does not publicly disclose its total asset figure; the estimated $639 million derives from observed filings and operational scale (Altss estimate). The 2018 Welltower donation of a $30 million corporate campus stands as the single most significant recorded transaction, reshaping the Foundation's real estate footprint overnight and adding a marquee corporate partnership to its roster. Structurally, the Foundation operates through a dedicated real estate subsidiary — the University of Toledo Foundation Real Estate Corporation (UTFREC) — which separates its property assets from its financial portfolio. This architecture lets the Foundation act as both a limited partner in external funds and a direct, operating-property owner, a hybrid posture uncommon among university foundations of comparable size.

## Sectors

- AgriTech & FoodTech
- ClimateTech
- Energy Transition & Renewables
- Healthcare Services
- Digital Health

## People

- Jeffrey Cole — Board Member
- Anne Marie Riley — Board Member

## Questions

### Who sits on the University of Toledo Foundation's investment board?

The Foundation's public board roster includes experienced corporate operators from the Toledo region. Jeffrey Cole, a retired Senior Director at automotive supplier Dana Incorporated, and Anne Marie Riley, a former Treasury Leader at Owens Corning, are confirmed board members. Their presence signals a governance model that leans heavily on local industrial and manufacturing expertise.

### How does the Foundation manage its real estate assets?

The Foundation separates its real estate activities into the University of Toledo Foundation Real Estate Corporation, a dedicated subsidiary. This structure holds a handful of direct properties, including the mixed-use UToledo Gateway development and the Center for Alumni and Donor Engagement, which was gifted by Welltower in 2018. The well-defined subsidiary allows the broader endowment to function as both a fund investor and a direct property operator.

### What was the largest gift in the Foundation's history?

In 2018, Welltower Inc. donated its roughly $30 million corporate campus to the Foundation, creating the Center for Alumni and Donor Engagement. The transaction was the single largest gift ever recorded by the Foundation and immediately expanded its direct real estate portfolio with a commercially viable, operational asset.

### What role does the Student Managed Portfolio play?

The Student Managed Portfolio is a modest, live allocation managed by UToledo students as part of their finance curriculum. It functions as both a pedagogical tool and a small component of the broader endowment, giving students practical experience in security selection and portfolio oversight.

## Related profiles

- [City of Kansas City, Missouri Employees’ Retirement System](https://altss.com/profile/city-of-kansas-city-missouri-employees-retirement-system)
- [University Health System](https://altss.com/profile/university-health-system)

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

Canonical page: https://altss.com/profile/university-of-toledo-foundation

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