Michigan Technological University manages an endowment fund which is based in Houghton, Michigan. The objective of the endowment fund is to achieve a total return equivalent to or greater than the endowment fund's financial requirements over the time horizon. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is managed by the board of trustees.Michigan Technological University Endowment's investment portfolio is valued at $94.34 million, with investments in private equity, fixed income, hedge funds, equities, and cash.