# Virginia Military Institute Endowment

Virginia Military Institute Endowment is an Endowment / Foundation based in Lexington, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Lexington, United States
- **Region:** North America
- **Address:** Lexington, VA, United States
- **Founded:** 2009
- **Assets under management:** 831.7 (Altss estimate)
- **Website:** www.vmialumni.org
- **LinkedIn:** https://www.vmialumni.org/

## Regulatory record

- **Reports private funds:** No

## About

The Virginia Military Institute Endowment was formalized through VMI Investment Holdings, LLC in 2009. Kurt A. Polk serves as chair. Funds originate from alumni and donor contributions directed primarily toward scholarships. VMI Investment Holdings maintains a diversified allocation that includes public equities via vehicles such as the Neuberger Berman Genesis Fund. The endowment also holds a private equity allocation. Geographic exposure centers on the United States with additional currency holdings in EUR, GBP, and JPY. Real estate assets include multiple Lexington properties held through Neikirk Holdings, LLC. The endowment reports $831.7 million in assets. VMI Foundation, established in 1939, serves as the primary fundraising arm and pools its assets with the endowment. George C. Marshall Foundation assets are likewise commingled for management. Cliffwater LLC has acted as investment advisor since 2009 and Northern Trust as custodian. VMI Investment Holdings operates as a dedicated manager for the Institute rather than a multi-client platform. Governance flows through the VMI Alumni Agencies umbrella that coordinates the Foundation, Alumni Association, and Keydet Club.

## Sectors

- Education

## People

- Kurt A. Polk — Chair of VMI Investment Holdings, LLC
- Ernesto V. Sampson Jr. — Director of VMI Investment Holdings, LLC
- David Prasnicki — CEO of VMI Alumni Agencies

## Questions

### Who runs investment decisions at Virginia Military Institute Endowment?

Kurt A. Polk chairs VMI Investment Holdings, LLC. Ernesto V. Sampson Jr. serves as director. David Prasnicki is CEO of the broader VMI Alumni Agencies.

### How is the Virginia Military Institute Endowment structured relative to the VMI Foundation?

VMI Investment Holdings, LLC manages the pooled assets. The VMI Foundation, founded in 1939, acts as the primary fundraising and investment arm while the George C. Marshall Foundation assets are also commingled.

### What asset classes appear in the endowment portfolio?

Holdings include public equities through the Neuberger Berman Genesis Fund at a 16.47 percent stake in certain classes, a private equity allocation, and direct real estate in Lexington, Virginia.

### Which service providers support the endowment?

Cliffwater LLC has served as investment advisor since 2009. Northern Trust Company acts as custodian. The Auditor of Public Accounts for Virginia performs the audit function.

## Related profiles

- [Amaury](https://altss.com/profile/amaury)
- [Kern Family Foundation](https://altss.com/profile/kern-family-foundation)

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

Canonical page: https://altss.com/profile/virginia-military-institute-endowment

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