Tennessee State University Foundation (TSU Foundation) manages an endowment fund based in Nashville, Tennessee. The foundation is the official charitable organization authorized to accept private contributions for Tennessee State University. Established in 1970, the foundation promotes and supports literary, scientific, educational, scholarship, research, charitable and development purposes and goals at Tennessee State University. The assets of the foundation are managed by the board members.Tennessee State University Foundation's investment portfolio is valued at $72.35 million, with investment in domestic and international equity, fixed income, hedge funds, and cash.