The Investment Office is responsible for the oversight of the College’s endowment and defined benefit pension plan.
The purpose of the endowment is to provide sustainable financial support to existing operations as well as to provide for future generations of students, faculty and staff.
The goal of the investment office is to maintain the endowment’s real value by generating average annual real returns that meet or exceed the spending rate after inflation, management fees, and administration costs (Consumer Price Index + 5%).
The endowment is managed according to the Investment Policy, a governing document that outlines the objectives, spending policy, asset allocation, risk management, and long-term goals of the endowment.
The Investment Office works alongside the Investment Committee, a subcommittee of the Board of Trustees, to create and amend the Investment Policy and oversee the management and investment of the assets of the endowment.

Endowment Market Value
As of June 30, 2020, the market value of the Holy Cross endowment was $760.3 million.
Staff
Daniel Ricciardi '06
Interim Chief Investment Officer and Assistant Treasurer
Phone: 508-793-3714
Office: O'Kane 175 P.O. Box: INVEST
Email: dricciar@holycross.edu
Tim Jerome – Investment Fellow
Donna Cranshaw – Executive Assistant
Location
O'Kane Hall, Room 175
Phone: 508-793-2515
Fax: 508-793-2336
P.O. Box: INVEST
investments@holycross.edu