Northwestern University manages an endowment fund that is based in Evanston, Illinois. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The assets are managed by the board of trustees.Northwestern University Endowment's investment portfolio is valued at over $8.48 billion, with investments in private equity, real estate, hedge funds, real assets, natural resources, publicly-traded equities, fixed income securities, and cash.