Indiana Institute of Technology (Indiana Tech) manages an endowment fund which is based in Fort Wayne, Indiana. The endowment funds are mainly used to provide scholarships and financial assistance to students of Indiana Tech. It also supports 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.Indiana Institute of Technology Endowment's investment portfolio is valued at $140.89 million, with investments in domestic and international equity, fixed income, private equity, hedge funds and cash.