City University of New York (CUNY) manages an endowment fund which is based in New York, New York. 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 and governed by a Board of Directors.City University of New York Endowment's investment portfolio is valued at over $1.62 billion, with investments in domestic and international equity, real estate, infrastructure, real assets & natural resources, fixed income, private equity, cash, and hedge funds.