The History and Nature of University Endowments


Scott C. Malpass
Vice President and Chief Investment Officer
University of Notre Dame

Scott C. Malpass is vice president and chief investment officer at the University of Notre Dame, responsible for investment of the University’s endowment, working capital, pension and life income assets of some $11.5 billion. The Notre Dame Endowment is the 12th largest in American higher education and the largest at a Catholic university.

Having served as chief investment officer since 1989, Mr. Malpass works closely with the investment committee of the University’s Board of Trustees in partnering with the most sophisticated investment management organizations throughout the world.  The Notre Dame Endowment has achieved top tier investment performance over both short and long-term time periods.

Mr. Malpass is one of 12 leading chief investment officers profiled in the book Foundation and Endowment Investing:  Philosophies and Strategies of Top Investors and Institutions, written by Lawrence E. Kochard and Cathleen M. Rittereiser and published by John Wiley and Sons in December 2007. Mr. Malpass was the recipient of the Large Endowment Manager of the Year award from Institutional Investor magazine in 2011. In 2012, Mr. Malpass was the recipient of the Rodney H. Adams Endowment Award given annually by NACUBO for contributions to professional development activities in the field of endowment investment management, and was named recipient of Chief Investment Officer magazine’s Lifetime Achievement Award in 2014.

In 2000, Mr. Malpass was the recipient of the James E. Armstrong Award given annually to an alumnus who is a current employee of Notre Dame and has rendered distinguished service to the University

He is an honorary Monogram winner given by the Notre Dame Athletic Department, and in 2011 was selected as the Mendoza College of Business MBA Alumnus of the Year for his service to the business school in teaching innovative classes in Applied Investment Management and Global Portfolio Management.

Mr. Malpass is a 1984 Notre Dame graduate and received a master of business administration degree from the University in 1986. He returned in 1988 from the Wall Street firm, Irving Trust Company, and became chief investment officer the following year when the University’s endowment stood at $425 million.

Mr. Malpass is a concurrent assistant professor of finance in the Mendoza College of Business at Notre Dame.  In 1995, he helped develop the Applied Investment Management course in the College for outstanding students in finance that has received extensive interest from financial services firms throughout the country. Mr. Malpass is a director or advisory council member for several investment and charitable organizations.  In 2011, he was elected to the Board of Directors for TIFF (The Investment Fund for Foundations).  In 2012, he was elected to the Board of Directors for The Vanguard Group, Inc.

In 2014, Mr. Malpass was part of the founding group for Catholic Investment Services, Inc., a not-for-profit offering top tier investment solutions to Catholic organizations nationally that comply with the USCCB Guidelines on Socially Responsible Investing.

Mr. Malpass was also recently appointed by His Holiness Pope Francis to the Board of Superintendence of the Institute for the Works of the Religious, commonly referred to as the Vatican bank.