Washington and Lee University

Overview

Washington and Lee University is a university organized to provide academic, scientific, and professional education and research.¹

Washington and Lee University's endowment capital supports long-term institutional spending and mission continuity.²

Estimated AUM: $2.2B as of Jun 30, 2025³
Capital pool: university endowment²
Investment model: Washington and Lee has used Makena as an external investment-management partner since 2007; Makena manages the majority of the endowment and has delegated authority for asset allocation and manager selection.³
Investment approach: Asset allocation evidence inferred from public pages and job context.⁴
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: venture capital.²
Performance: Not listed yet
Governance: Through the W&L Promise, students with an annual household income of less than $150,000 pay no tuition, and those with an annual household income of less than $75,000 pay no tuition, room or board.²
Investment team: The external investment organization is Makena, with the endowment invested through approximately 130 managers across five asset classes and more than 30 strategies.³
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 21, 2026 · Needs review

Last verified Jul 21, 2026 from public career and organization materials.

Website (wlu.edu)Parent organization overview · checked Aug 6, 2026
Website (wlu.edu)Pool purpose, Capital pool, Asset allocation, Governance · checked Jul 25, 2026
Financial statements (my.wlu.edu)Estimated AUM, Investment model, Investment team · checked Jul 25, 2026
Website (wlu.edu)Investment approach · checked Jul 26, 2026
Website (columns.wlu.edu)Investment office page · checked Jul 25, 2026