# Whitman College Endowment

Whitman College Endowment is an Endowment / Foundation based in Walla Walla, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Walla Walla, United States
- **Region:** North America
- **Address:** Walla Walla, WA, United States
- **Founded:** 1882
- **Assets under management:** $200M - $500M (Altss estimate)
- **Website:** whitman.edu
- **LinkedIn:** https://www.linkedin.com/company/whitman-college

## Regulatory record

- **Reports private funds:** No

## About

Whitman College Endowment is a US-based endowment plan in Walla Walla, managing approximately $753 million across 1 fund. Its focus is on North America.

## Sectors

- Education
- Real Estate

## People

- Peter Harvey — Chief Financial Officer and Vice President for Finance and Administration
- Karol Marcin — Member of the Investment Committee and Board of Trustees
- Elizabeth Obershaw — Member of the Investment Committee and Board of Trustees
- Michelle Mathieu — Member of the Investment Committee; CEO and CIO of Fulcrum Capital
- Tim Barrows — Emeritus Member of the Investment Committee; Managing Director at Matrix Partners
- Andreas Halvorsen — Emeritus Member of the Investment Committee; Co-founder of Viking Global Investors

## Questions

### Who runs investment decisions at the Whitman College Endowment?

Day-to-day financial oversight falls under Peter Harvey, the college's CFO and Vice President for Finance and Administration. The Investment Committee carries the ultimate fiduciary responsibility and includes current practitioners such as Michelle Mathieu, CEO and CIO of Fulcrum Capital, and Elizabeth Obershaw, a former Managing Director at Horsley Bridge Partners. Emeritus members have included Andreas Halvorsen of Viking Global and Tim Barrows of Matrix Partners, giving the committee access to venture and public markets expertise.

### Does the Whitman College Endowment own any unusual assets?

Yes. The endowment holds a portfolio of directly owned farmland and rangeland in Walla Walla, Columbia, Garfield, and Umatilla counties, including named properties like Braden Farm at Wallula Gap and Erickson Farm north of Walla Walla. These are not REIT interests or fund stakes — they are titled properties the college has held, in some cases, for generations. The endowment also stewards the Maxey Museum artifact collection.

### How large is the endowment?

Whitman College does not publicly report a single AUM figure in a readily accessible format. Based on the college's student body size, liberal arts peer comparisons, and its NACUBO reporting tier, Altss estimates the endowment in the $200 million to $500 million range. The range reflects observed staffing depth and the scale of its directly held real assets.

### Does the endowment invest sustainably or with mission alignment?

Whitman participates in the Intentional Endowments Network, which facilitates peer sharing on ESG integration, impact investing, and alignment with institutional mission. The college has engaged in campus and committee-level discussions on sustainable investing, though specific divestment mandates or dedicated impact allocations have not been publicly disclosed in detail.

### What is the Whitman Investment Company?

The Whitman Investment Company (WIC) is a student-managed investment portfolio that operates as an experiential learning vehicle alongside the main endowment. Students gain direct exposure to security analysis and portfolio management under faculty and advisor supervision. WIC is a separate entity from the endowment's core investment committee and professionals.

## Related profiles

- [Whitley Asset Management](https://altss.com/profile/whitley-asset-management)
- [Whitney & Company](https://altss.com/profile/whitney-company)

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

Canonical page: https://altss.com/profile/whitman-college-endowment

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