Georgia Tech Foundation manages the endowment fund of Georgia Institute of Technology which is based in Atlanta, Georgia. Established in 1932, the earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra It manages the gifts and financial donations given to improve academic excellence and promotes higher education in the State of Georgia. The endowment is managed by the board of trustees.Georgia Tech Foundation's investment portfolio is valued at $1.88 billion, with investments in domestic and international equities, fixed income, hedge funds, private equity, real estate, and cash.