Reed College (Reed Endowment) manages an endowment fund which is located in Portland, Oregon. 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 administrated by the board of trustees.Reed College Endowment's investment portfolio is valued at $582 million, with investments in fixed income, private equity, alternatives, domestic and international equity, and cash. The endowment returned 3.7% for the fiscal year 2019. As of June 30, 2019, the Endowment has a three-year annualized return of 8.3% and a five-year annualized return of 4.3%.