New York City Ballet (NYCB) manages an endowment fund which is based in New York, New York. Established by George Balanchine and Lincoln Kirstein, the earnings from endowment investments support the day-to-day operations of the company. The endowment is governed by the board of directors of the company.The New York City Ballet's investment portfolio is valued at $220.94 million with investments in cash, fixed income, equities, hedge funds, and private equity.