This report on Wheaton College’s endowment covers the 2022 fiscal year, ending on June 30, 2022. The endowment ended the year at $241.5 million and included $22 million of negative investment returns plus $8 million in new gifts. Despite a reduction of roughly $25 million in market value during the 2022 fiscal year, driven by the downturn in global markets, our total investment returns continue to compare favorably to relevant indices.

The college’s endowment is critically important to Wheaton’s future and helps sustain educational excellence. It ensures that a Wheaton education remains accessible to students, supports faculty teaching and scholarship, provides the flexibility to make strategic investments that enhance educational programs, and strengthens the institution for the future.

Fundamentally, the college’s endowment is an intergenerational gift. It began with the Wheaton family’s estate and has grown over the years through the generosity and foresight of alumni, parents, families and friends who want to ensure that Wheaton’s distinctive educational opportunities are available for the students of today and tomorrow. We are both honored by, and take seriously, the responsibility of stewardship as we lead the effort to preserve and grow this resource for the present and the future of Wheaton.

Janet Lindholm Lebovitz ’72
Chair, Board of Trustees

Maryann E. Carroll ‘79
Trustee and Chair, Investment Committee