University of California, Merced manages an endowment fund which is based in Merced, California. The UC Merced Foundation is led by a volunteer fundraising board that helps to promote and increase private philanthropic support, advocates for the university, and manages a portion of the university's endowment. The endowments held by the University are administered on a Systemwide basis. The University's endowment income distribution policies are designed to preserve the value of the endowment in real terms and to generate a predictable stream of spendable income. The assets of the fund are managed and governed by an executive management team.The University of California, Merced Endowment's investment portfolio is valued at $15.35 million, with investments in alternatives, and cash.