This report on Wheaton College’s endowment covers the 2023 fiscal year, ending on June 30, 2023. The endowment ended the year at $256.2 million and included $19.3 million of investment returns plus $9.4 million in new gifts. This growth—resulting from expert, prudent, long-term investment management and stewardship, along with generous contributions from the college community—enabled the total spending distribution of $13.9 million in support of the college’s operating budget.

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, enables experiential opportunities such as internships for students, 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