Mary Baldwin College manages an endowment fund which is based in Staunton, Virginia. The earnings from the endowment investments support scholarships, fellowships, basic research as well as academic and public service progra The assets of the endowment fund are managed by the board of trustees.Mary Baldwin College Endowment's investment portfolio is valued at over $33.35 million, with investments in private equity, real estate, hedge funds, real assets, publicly-traded equities, fixed income securities, and cash.