Overview
Macalester describes itself as a liberal arts college founded in 1874, with an emphasis on academic rigor, internationalism, diversity, and service to society.1
Macalester College's endowment capital supports long-term institutional spending and mission continuity.2
Investment program
- Estimated AUM
- $899M as of May 31, 20253
- Capital pool
- endowment2
- Investment model
- Beginning September 1, 2024 Macalester closed the internal Investment Office and transitioned management of the college’s endowment to Investure .4
- Investment approach
- The endowment is broadly diversified and seeks returns sufficient to preserve and potentially grow the inflation-adjusted value over time, providing a reliable foundation for Macalester’s future.3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: hedge funds, fixed income.4
- Performance
- Not listed yet
- Governance
- This decision was made by the Board of Trustees with the goal of delivering consistent risk-adjusted endowment performance with a greater ability to access top-tier fund managers.4
- Investment team
- Beginning September 1, 2024 Macalester closed the internal Investment Office and transitioned management of the college’s endowment to Investure .4
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Needs review
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. 27 additional officers reported no compensation.
| Name | Title | Total |
|---|---|---|
| SUZANNE M RIVERA | PRESIDENT | $854,262 |
| GARY MARTIN END 83024 | CHIEF INVESTMENT OFFICER | $568,567 |
| JOANNA CURTIS | VP FOR ADVANCEMENT | $313,127 |
| DERRICK GRIFFIN | DIR OF ALT INVESTMENTS (END 8/30/24) | $312,231 |
| PATRICIA LANGER | VP OF ADMIN AND FINANCE | $293,202 |
| LISA ANDERSON-LEVY | EXECUTIVE VP AND PROVOST | $287,314 |
| JEFF ALLEN | VP FOR ADMISS & FIN. AID | $269,468 |
| JENNIFER HAAS | VP FOR IT SERVICES AND CIO | $260,867 |
| KATHRYN KAY COQUEMONT | VP FOR STUDENT AFFAIRS & DEANS OF STUDENTS | $258,333 |
| ALINA WONG | VP FOR INSTIUTIONAL EQUITY | $245,070 |
| THOMAS HALVERSON | DEAN OF THE FACULTY | $242,067 |
| CARLEY STUBER | AVP OF DEVELOPMENT | $239,466 |
| JEFF DOHERTY END 83024 | DIRECTOR, INVESTMENT ANALYSIS | $236,693 |
| PAUL OVERVOORDE | VICE PROVOST & ASSOCIATE DEAN OF THE FACULTY | $236,519 |
| THOMAS VARBERG | PROFESSOR | $229,605 |
| DUCHESS HARRIS | PROFESSOR | $193,254 |
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (macalester.edu)Parent organization overview · checked Aug 6, 2026
- Website (macalester.edu)Pool purpose, Capital pool · checked Jul 25, 2026
- Website (macalester.edu)Estimated AUM, Investment approach, Investment office page · checked Jul 25, 2026
- Website (macalester.edu)Investment model, Asset allocation, Governance, Investment team · checked Jul 25, 2026
Profile and job sources
- Website (macalester.edu)Website · checked Jul 25, 2026
- Website (macalester.edu)Website · checked Jul 25, 2026
- Website (macalester.edu)Website · checked Jul 25, 2026
- Website (macalester.edu)Website · checked Jul 25, 2026
- Website (macalester.edu)Website · checked Aug 6, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026