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Wabash College Endowment
Wabash College was established in 1832 as a private liberal arts college for men. Its endowment supports operations, scholarships, and campus maintenance...
Wabash College Endowment
Wabash College was established in 1832 as a private liberal arts college for men. Its endowment supports operations, scholarships, and campus maintenance without a disclosed family wealth source. The endowment holds direct ownership of the main campus, Little Giant Stadium completed in 2020, the Ott Residential Life District opened after a $23 million investment, and multiple historic residences. It also maintains the Lilly Library collection and contemporary art holdings. Capital is deployed via Strategic Investment Group, engaged as OCIO since 2015, into private equity partnerships, Resource Land Fund V, and natural resource strategies. Geographic exposure centers on the United States with additional global holdings through the OCIO vehicle. The endowment participates in the Great Lakes Colleges Association and NACUBO benchmarking. Lilly Endowment Inc. provided a $25 million grant in 2023 for campus and community projects. No additional offices are maintained beyond the Crawfordsville headquarters. Governance rests with the Board of Trustees, which includes several retired corporate executives and law firm partners who oversee the OCIO mandate and real-asset portfolio.
General information
Firm type
Endowment / Foundation
Year founded
1832
Location
Region
North America
Country
United States
City
Crawfordsville
Corporate office
301 W. Wabash Ave., Crawfordsville, IN 47933, United States
Principals
William J. Wheeler
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Wabash College Endowment?
Strategic Investment Group has served as outsourced chief investment officer since 2015. The Board of Trustees, chaired by William J. Wheeler, retains final oversight.
Does Wabash College Endowment participate in fund commitments or only direct deals?
The endowment commits to private equity and venture capital partnerships and holds positions in Resource Land Fund V through its OCIO.
What asset classes does the endowment hold directly?
Direct holdings include the 92-acre campus, multiple academic and residential buildings, the Lilly Library collection, and a natural resources portfolio focused on oil, gas, and timber.
Where does the underlying wealth come from?
The endowment is funded through alumni donations, grants such as those from Lilly Endowment Inc., and investment returns on the college's permanent capital.
How is Wabash College Endowment related to Lilly Endowment Inc.?
Lilly Endowment Inc. acts as a co-investor and grant provider, including a $25 million award in 2023 for campus initiatives.
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