University of Rhode Island Foundation (URI Foundation) manages an endowment fund which is based in South Kingston, Rhode Island. Established in 1957, URI Foundation is a corporation charged with raising and managing private support for the University. The assets are managed and governed by the Board of Directors.University of Rhode Island Foundation's investment portfolio is valued at over $138.8 million, with investments in domestic and international equity, fixed income, private equity, real estate, alternatives and cash.