Endowment / Foundation

Updated:

Utah State University Endowment

Utah State University Endowment is a US-based endowment plan headquartered in Logan, Utah. It oversees approximately $1 billion in assets, primarily focused on...

Utah State University Endowment logo

Utah State University Endowment

Utah State University Endowment is a US-based endowment plan headquartered in Logan, Utah. It oversees approximately $1 billion in assets, primarily focused on North America.

General information

Firm type

Endowment / Foundation

Year founded

1888

Location

Region

North America

Country

United States

City

Logan

Corporate office

Logan, UT, United States

Principals

Brad L. Mortensen

President

Dave Cowley

Vice President for Finance and Administrative Services

Tessa White

Chair of the Board of Trustees

Sector focus

Real EstateAgricultureAerospace & Defense

Frequently asked questions

How is the Utah State University Endowment managed?

The endowment falls under the purview of the Vice President for Finance and Administrative Services, currently Dave Cowley. It is invested alongside the university's broader treasury function. USU reports to NACUBO, which provides benchmarking against other university endowments nationally.

What real assets does the endowment directly control?

USU's real-asset holdings include the Swaner Preserve and EcoCenter in Park City, the Bastian Agricultural Center and equestrian park in Southwest Salt Lake County, the Innovation Campus research park in North Logan, and land in Dammeron Valley. These are not purely investment properties; many serve ongoing academic, conservation, or extension programming.

Does USU operate a separate investment company or management entity for the endowment?

No separate external management entity is apparent. The endowment is managed within the university's central financial administration, consistent with public land-grant universities of its size.

How does USU's endowment differ from those of other state universities?

The land-grant mission gives USU ownership of active agricultural and conservation properties that most endowments do not carry on their balance sheets. This means stewardship includes operational and educational mandates, not solely financial return objectives.

Who sets the investment policy for the endowment?

Oversight is shared by the Board of Trustees, chaired by Tessa White, and the executive administration led by President Brad L. Mortensen, who took office in January 2025. The Vice President for Finance and Administrative Services implements the policy.

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