Middlebury College manages an endowment fund which is located in Middlebury, Vermont. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The assets of the fund are managed and governed by the board of trustees.Middlebury College Endowment's investment portfolio is valued at $1.15 billion, with investments in domestic and international equity, fixed income, private equity, and cash.