Cleveland State University Fuundation manages an endowment fund which is based in Cleveland, Ohio. The foundation is a private, nonprofit corporation created in 1969 to serve as an independent, tax-exempt organization to solicit, receive, and distribute gifts to the university in accordance with the wishes of the donors. It manages the university's endowment fund which receives gifts from donors and provides annual funding in the form of income from investments that support the strategic initiatives of the university. The Cleveland State University Foundation exists to raise, receive and manage private gifts for the advancement and benefit of Cleveland State University (CSU). The foundation is governed by a board of directors.Cleveland State University FoundationAos investment portfolio is valued at $88.9 million with investments in private equity, domestic and international equities, fixed income and cash