# Weber State University Endowment

Weber State University Endowment is an Endowment / Foundation based in Ogden, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Ogden, United States
- **Region:** North America
- **Address:** 3848 Harrison Boulevard, Ogden, UT 84408, United States
- **Founded:** 1889
- **Assets under management:** 275 (Altss estimate)
- **Website:** weber.edu
- **LinkedIn:** https://www.linkedin.com/school/weberstate/

## Regulatory record

- **Reports private funds:** No

## About

The Weber State University Endowment traces its roots to the university's establishment in 1889 in Ogden, Utah. Brad Mortensen serves as president, with governance provided by the Board of Trustees including chair Karla Bergeson. The endowment functions as a distinct pool supporting university operations rather than a standalone family or institutional vehicle. Allocations include a 2.55 percent target to private equity executed through Commonfund Secondary Partners funds and Commonfund Global Private Equity. Confirmed holdings encompass Commonfund Venture Partners, Commonfund Natural Resources Partners, and public positions in names such as Amazon, Apple, and JPMorgan Chase as of 2022 reports. The geographic footprint centers on North America with additional exposure through global Commonfund vehicles; the university maintains a second campus in Layton, Utah. The endowment lists 275 million dollars under management. Commonfund has served as investment manager since 1994. The university maintains membership in NACUBO and the Coalition of Urban and Metropolitan Universities. A March 2025 Board of Trustees meeting addressed quarterly investment reports and endowment oversight. Governance flows through the university's Board of Trustees and Investment Committee rather than an independent family office structure, with the Weber State University Foundation handling related philanthropic flows established in 1972.

## Sectors

- EdTech
- Digital Health
- Industrial Tech
- SpaceTech
- ClimateTech
- Energy Transition & Renewables

## People

- Brad Mortensen — President
- Karla Bergeson — Chair of the Board of Trustees
- Don Salazar — Chair of the Business Committee of the Board of Trustees

## Questions

### Who runs investment decisions at Weber State University Endowment?

The university's Investment Committee and Public Treasurer oversee allocations, with Commonfund serving as the primary external manager since 1994.

### Does Weber State University Endowment participate in fund commitments or only direct deals?

The endowment commits to funds including Commonfund Secondary Partners III, Commonfund Global Private Equity, and Commonfund Venture Partners.

### What asset classes receive allocations from the endowment?

Reported allocations include private equity at 2.55 percent, public equities through S&P 500 index funds, REITs, and natural resources exposure.

### How is the endowment related to Weber State University Foundation?

The foundation, established in 1972, manages donations and supports scholarships and programs while the endowment serves as the invested capital pool.

### Where does the endowment maintain investment exposure?

Holdings span North America with global reach through Commonfund vehicles in private equity, secondaries, and distressed strategies.

## Related profiles

- [Watertown Retirement System](https://altss.com/profile/watertown-retirement-system)
- [Ke Nako Capital](https://altss.com/profile/ke-nako-capital)

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

Canonical page: https://altss.com/profile/weber-state-university-endowment

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