University of Memphis Foundation manages an endowment fund of the University of Memphis which is based in Memphis, Tennessee. Established in 1964, 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 University of Memphis. The endowment is managed by the board of trustees.University of Memphis Foundation's investment portfolio is valued at over $133.69 million, with investments in domestic and international equity, fixed income, private equity, and cash.