# Wheaton College (Illinois)

Wheaton College (Illinois) is an Endowment / Foundation based in Wheaton, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Wheaton, United States
- **Region:** North America
- **Address:** 501 College Avenue, Wheaton, IL 60187, United States
- **Founded:** 1860
- **Assets under management:** 610 (Altss estimate)
- **Website:** wheaton.edu
- **LinkedIn:** https://www.linkedin.com/school/wheaton-college/

## Regulatory record

- **Reports private funds:** No

## About

Wheaton College was established in 1860 in Wheaton, Illinois. Philip G. Ryken became president in 2010. The college operates as a fully residential liberal arts institution with an explicit Christian mission. The endowment holds $438.7 million in diversified public equities as of June 2024. It also maintains positions in hedge funds, private equity and direct co-investments. Geographic exposure includes the United States and international markets. Direct holdings encompass the 80-acre main campus, the HoneyRock Center in Wisconsin and the Science Station in South Dakota. The college employs an internal investment manager and retains NEPC as consultant. It owns Wheaton College Trust Company, N.A. as a 100 percent subsidiary. A recent operational event occurred in September 2024 when President Ryken spoke at the Lausanne Congress on World Evangelization. The endowment operates through a separate trust company structure that separates investment management from academic operations. This architecture allows direct ownership of real assets and collections alongside external fund commitments.

## Sectors

- Education

## People

- Philip G. Ryken — President
- Ken Larson — Investment Manager
- Dale C. Wong — Chair of the Board of Trustees
- Kurt Keilhacker — Investment Committee Member

## Questions

### Who runs investment decisions at Wheaton College?

Ken Larson serves as the longtime investment manager. The Investment Committee includes Kurt Keilhacker. NEPC acts as external consultant.

### Does Wheaton College participate in fund commitments or only direct deals?

The endowment uses both approaches. It holds hedge fund and private equity fund positions and maintains direct ownership of real assets and collections.

### What asset classes does the endowment allocate to?

Allocations include public equities, hedge funds, private equity, direct co-investments and real assets such as campus properties.

### How is Wheaton College related to its trust company?

Wheaton College owns 100 percent of Wheaton College Trust Company, N.A., which holds and manages endowment assets.

### What is Wheaton College's known posture on co-investments?

The endowment executes direct co-investments and SPVs in addition to fund commitments.

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

Canonical page: https://altss.com/profile/wheaton-college-illinois

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