Bethany Lutheran College (BLC) manages an endowment fund based in Mankato, Minnesota. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The assets of the endowment fund are managed by the board members.Bethany Lutheran College Endowment's investment portfolio is valued at $31.57 million, with investments in private equity, hedge funds, equities, and fixed income.