# Wheaton College (Massachusetts) Endowment

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

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Norton, United States
- **Region:** North America
- **Address:** Norton, MA, United States
- **Founded:** 1834
- **Assets under management:** Undisclosed
- **Website:** wheatoncollege.edu
- **LinkedIn:** linkedin.com/company/wheaton-college

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Multi-Strategy Investments

## People

- 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

## 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.

## Related profiles

- [Wheaton College (Illinois) Endowment](https://altss.com/profile/wheaton-college-illinois-endowment)
- [Wheelock Marden Capital](https://altss.com/profile/wheelock-marden-capital)

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

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