Overview
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University of Richmond's endowment capital supports long-term institutional spending and mission continuity.2
Investment program
- Estimated AUM
- $3.5B as of Jun 30, 20253
- Capital pool
- university endowment2
- Investment model
- Spider Management was established as the investment office for the University of Richmond in 2001, and in 2008 it began offering investment services to like-minded non-profit institutions.3
- Investment approach
- We invest our endowed funds in partnership with nonprofits, together sharing the expertise of Spider Management and benefiting from a mature and diversified portfolio.3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: real estate.4
- Performance
- Not listed yet
- Governance
- Each year, UR's Board of Trustees approves a distribution from the endowment to fund operating expenses.2
- Investment team
- Spider Management was established as the investment office for the University of Richmond in 2001, and in 2008 it began offering investment services to like-minded non-profit institutions.3
- 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. 26 additional officers reported no compensation.
| Name | Title | Total |
|---|---|---|
| WILLIAM MCLEAN | PRESIDENT AND CIO, SMC | $2,867,853 |
| KEVIN HALLOCK | PRESIDENT AND TRUSTEE | $2,553,560 |
| CHRISTOPHER MOONEY | BASKETBALL COACH | $2,077,668 |
| KAREN WELCH | DEPUTY CIO, SMC | $1,002,332 |
| SAMUEL TALIAFERRO | DIRECTOR, SMC | $846,091 |
| DAVID HALE | EVP & COO/TREASURER | $785,428 |
| GREGORY CIAVERELLI | CHIEF OPERATING OFFICER, SMC | $735,957 |
| Jonathan Moore | Chief Administrative Off, SMC | $731,746 |
| A JOAN SAAB | EVP & PROVOST | $649,833 |
| WENDY PERDUE | DEAN, LAW | $556,992 |
| RONALD CRUTCHER | FORMER PRESIDENT | $517,491 |
| STEPHANIE DUPAUL | VP FOR ENROLLMENT MANAGEMENT | $484,383 |
| ANN LLOYD BREEDEN | SECRETARY, BOARD OF TRUSTEES | $416,342 |
| JEFFREY LEGRO | FORMER EVP & PROVOST | $373,781 |
| JENNIFER CAVENAUGH | DEAN, SCHOOL OF ARTS & SCIENCE | $349,149 |
| STEPHEN BISESE | FORMER VP STUDENT DEVELOPMENT | $347,748 |
| TODD ADAMS | VP STUDENT DEVELOPMENT | $140,043 |
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (consent.richmond.edu)Parent organization overview · checked Jul 26, 2026
- Website (richmond.edu)Pool purpose, Capital pool, Governance · checked Jul 25, 2026
- Website (smc.richmond.edu)Estimated AUM, Investment model, Investment approach, Investment team · checked Jul 25, 2026
- Job posting (hr.richmond.edu)Asset allocation · checked Jul 25, 2026
- Website (hr.richmond.edu)Investment office page · checked Jul 25, 2026
Profile and job sources
- Job posting (hr.richmond.edu)Job posting · checked Jul 25, 2026
- Website (richmond.edu)Website · checked Jul 25, 2026
- Website (hr.richmond.edu)Website · checked Jul 25, 2026
- Website (smc.richmond.edu)Website · checked Jul 25, 2026
- Website (hr.richmond.edu)Website · checked Jul 25, 2026
- Website (consent.richmond.edu)Website · checked Jul 26, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026