Converse College manages an endowment fund which is based in Spartanburg, South Carolina. 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 of trustees.Converse College Endowment's investment portfolio is valued at $89.67 million, with investments in domestic and international equity, fixed income, hedge funds, private equity, and cash.