Spelman College manages an endowment fund which is based in Atlanta, Georgia. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The assets of the endowment fund are managed by the board of trustees. The board is further assisted by the investment committee to manage the investment assets.Spelman College Endowment's investment portfolio is valued at $391.81 million, with investments in domestic and international equity, fixed income, private equity, real estate, hedge funds, and cash.