The Choate Rosemary Hall Foundation manages an endowment fund which is based in Wallingford, Connecticut. The endowment fund receives gifts from donors and provides annual funding in the form of income from investments that support the strategic initiatives of the college. The assets of the foundation are managed by the board of trustees.The Choate Rosemary Hall Foundation's endowments investment portfolio is valued at over $389 million, with investments in private equity.