Ohio Northern University manages an endowment fund which is based in Ada, Ohio. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The university's endowment consists of approximately 560 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the governing body to function as endowments. The assets are managed by the board of trustees.Ohio Northern University Endowment's investment portfolio is valued at over $160.64 million with investments in domestic and international equity, fixed income, private equity, real estate, hedge funds, and cash.