Oakland University (OU) manages an endowment fund which is located in Rochester, Michigan. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment funds are managed and administered by the board of trustees. The University's endowment investments are governed and managed by the board of trustees.Oakland University Endowment's investment portfolio is valued at over $109.03 million, with investments in domestic and international equity, private equity, hedge funds, fixed income, cash.