Hockaday School manages an endowment fund which is based in Dallas, Texas. Established in 1960 by the Hockaday alumnae, the Hockaday School is an academic institution which provides a college preparatory education for girls of diverse backgrounds. The endowment fund's goal is to preserve the purchasing power of assets while providing a flow of funds directly to the annual operating budget. The assets of the endowment fund are managed by the Board of Trustees.Hockaday School Endowment's investment portfolio is valued at $156 million, with investments in alternative asset classes.