Stevens Institute of Technology manages an endowment fund based in Hoboken, New Jersey. The university's endowment fund consists of funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the university's board of trustees to function as endowments. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is governed by the board of trustees.Stevens Institute of Technology Endowment's investment portfolio is valued at over $225 million, with investments in domestic and international equity, fixed income, private equity, real estate, hedge funds, and cash.