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Wheaton College (Massachusetts) Endowment
Wheaton College (Massachusetts) Endowment is a US-based endowment plan in Norton, Massachusetts. It manages approximately $256 million in assets, primarily...
Wheaton College (Massachusetts) Endowment
Wheaton College (Massachusetts) Endowment is a US-based endowment plan in Norton, Massachusetts. It manages approximately $256 million in assets, primarily focused on North America.
General information
Firm type
Endowment / Foundation
Year founded
1834
Location
Region
North America
Country
United States
City
Norton
Corporate office
Norton, MA, United States
Principals
Ken Larson
Investment Manager
Maryann E. Carroll
Trustee and Chair of the Investment Committee
Chad Rynbrandt
Vice President for Finance and Operations
Janet Lindholm Lebovitz
Chair of the Board of Trustees
Phil Hubbard
Member of the Investment Committee
Kurt Keilhacker
Member of the Investment Committee
Shundrawn Thomas
Member of the Investment Committee
Dale Wong
Member of the Investment Committee
Sector focus
Frequently asked questions
Who runs investment decisions at Wheaton's endowment?
Ken Larson serves as the Investment Manager, handling day-to-day portfolio oversight. He reports to an Investment Committee chaired by Trustee Maryann E. Carroll, with committee members including Phil Hubbard, Kurt Keilhacker, Shundrawn Thomas, and Dale Wong. The Board of Trustees, led by Chair Janet Lindholm Lebovitz, holds ultimate fiduciary responsibility.
Does Wheaton College's endowment accept co-investment partners?
No. As a single-institution endowment serving one campus, Wheaton does not open its pool to external co-investors. All investment returns support the college's operating budget, financial aid, faculty chairs, and capital projects under the direction of the Board of Trustees.
Where does Wheaton's endowment wealth originate?
The endowment has accumulated since Wheaton's founding in 1834 through gifts, bequests, and tuition-funded surpluses. Named endowed funds — including the Diana Davis Spencer Professorship, the Frances A. Shirley Professorship, and the Louise Flaccus Reese Scholarship — represent donor-restricted capital that generates specific spending streams for chairs, scholarships, and programs.
What role does the Wheaton College Permanent Collection play in the endowment?
The Permanent Collection, housed in the Beard & Weil Galleries, consists of historical artifacts that form part of the college's non-financial assets. While not a liquid investment, the collection represents a long-duration cultural asset with potential appreciation and insurance value. It is included in the endowment's broader asset inventory alongside real property and financial instruments.
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