Montclair State University Foundation manages an endowment fund based in Montclair, New Jersey. Established in 1960, the foundation's purpose is to solicit, receive, hold, and manage funds and property on behalf of the University. The assets of the foundation are managed by the board members.Montclair State University Foundation's investment portfolio is valued at US$54.72 million, with investments in domestic and international equity, fixed income, private equity, real estate, hedge funds, and cash.