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
Investment program
- 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
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. 31 additional officers reported no compensation.
| Name | Title | Total |
|---|---|---|
| WILLIAM C DUDLEY | PRESIDENT AND TRUSTEE | $760,715 |
| THOMAS JENNINGS | VICE PRESIDENT - Former | $507,561 |
| STEVEN G MCALLISTER | TREASURER | $461,210 |
| MELANIE WILSON | DEAN | $447,468 |
| LENA HILL | PROVOST | $425,641 |
| JESSICA WILLETT | SECRETARY | $423,626 |
| BRIAN MURCHISON | PROFESSOR | $368,236 |
| MARIA FEELEY | CHIEF LEGAL OFFICER AND GENERAL COUNSEL | $366,053 |
| ROBERT D STRAUGHAN | DEAN | $363,936 |
| SUSAN WOOD | VICE PRESIDENT | $344,491 |
| Scott Hoover | Professor | $334,236 |
| MARK DRUMBL | PROFESSOR | $334,126 |
| ELIZABETH OLIVER | PROFESSOR | $324,044 |
| CHAWNE KIMBER | DEAN | $311,601 |
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- 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
Reports and filings
- Existing profile AUM value with source URL https://my.wlu.edu/Documents/treasurer/2024-2025-financial-statements.pdf.Financial statements · checked Jul 25, 2026
Profile and job sources
- Website (wlu.edu)Website · checked Jul 25, 2026
- Website (wlu.edu)Website · checked Jul 25, 2026
- Website (wlu.edu)Website · checked Jul 26, 2026
- Website (columns.wlu.edu)Website · checked Jul 25, 2026
- Website (wlu.edu)Website · checked Aug 6, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026