Overview
Carleton College is a private liberal arts college in Northfield, Minnesota, whose Investment Office manages the college's endowment, a $1.33 billion pool of investments (as of June 30, 2025) that funds about 31% of the college's operating budget.
Carleton College's endowment capital supports long-term institutional spending and mission continuity.1
Investment program
- Estimated AUM
- $1.3B as of Jun 30, 20252
- Capital pool
- endowment1
- Investment model
- Not listed yet1
- Investment approach
- The primary job of the Board of Trustees is to steward the college’s resources to ensure its long-term sustainability, and the endowment plays a critical role in that effort.3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: infrastructure.4
- Performance
- Not listed yet
- Governance
- Oversight is provided by the Investment Committee , a sub-committee of the Board of Trustees, who help develop the overall investment strategy for the endowment and monitor its performance.1
- Investment team
- Not listed yet1
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Verified
Officer compensation
Reported on IRS Form 990, tax year 2025. Figures are as filed and include reportable compensation from the organization and related organizations plus other compensation. 33 additional officers reported no compensation.
| Name | Title | Total |
|---|---|---|
| KELSEY DESHLER | CHIEF INVESTMENT OFFICER | $997,616 |
| ALISON BYERLY | PRESIDENT | $863,204 |
| TIMOTHY GRIFFETH | DIRECTOR OF INVESTMENTS | $576,851 |
| ERIC RUNESTAD | VP AND TREASURER | $436,091 |
| MICHELLE MATTSON | PROVOST & VP OF ACADEMIC AFFAIRS | $372,164 |
| CAROLYN H LIVINGSTON | VP FOR STUDENT LIFE & DEAN OF STUDENTS | $356,582 |
| ART D RODRIGUEZ | VP & DEAN OF ADMISSIONS & FINANCIAL AID | $343,937 |
| DAREN BATKE | VP OF DEVELOPMENT & ALUMNI RELATIONS | $343,239 |
| MICHAEL T HEMESATH | PROFESSOR OF ECONOMICS | $303,236 |
| ELISE ESLINGER | CHIEF OF STAFF | $293,786 |
| JULIE J NEIWORTH | PROFESSOR OF PSYCHOLOGY | $266,008 |
| JEFF DSIDA | ASSOCIATE DIRECTOR OF INVESTMENTS | $256,050 |
| DAN RUSTAD | VP OF EXTERNAL RELATIONS (INTERIM) | $254,338 |
| STEVEN G POSKANZER | PRESIDENT (FORMER) | $236,779 |
| GRETCHEN E HOFMEISTER | DEAN OF THE COLLEGE INTERIM (FORMER) | $210,139 |
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (carleton.edu)Pool purpose, Capital pool, Investment model, Governance, Investment team, Investment office page · checked Jul 25, 2026
- Website (carleton-wp-production.s3.amazonaws.com)Estimated AUM · checked Jul 25, 2026
- Website (carleton.edu)Investment approach · checked Jul 25, 2026
- Financial statements (carleton.edu)Asset allocation · checked Jul 25, 2026
Reports and filings
- Public evidence references these asset classes or allocation areas: infrastructure.Financial statements · checked Jul 25, 2026
Profile and job sources
- Website (carleton.edu)Website · checked Jul 25, 2026
- Website (carleton.edu)Website · checked Jul 25, 2026
- Website (carleton-wp-production.s3.amazonaws.com)Website · checked Jul 25, 2026
- Website (carleton.edu)Website · checked Jul 25, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026