East Carolina University Foundation (ECU Foundation) manages an endowment fund based in Greenville, North Carolina. Established in 1963, the mission of the foundation is to fund the margin of excellence at East Carolina University. Gifts to the ECU Foundation benefit the students, faculty, academic programs, and research activities at East Carolina University. The assets of the endowment are managed by the board of directors.East Carolina University Foundation's investment portfolio is valued at $105.75 million, with investments in domestic and international equities, hedge funds, private equity, real estate, and cash.