University of South Dakota Foundation manages an endowment fund that is based in Vermillion, South Dakota. Established in 1922, 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. The foundation provides private resources for the University of South Dakota to increase the excellence of its students' educational experience. The assets of the foundation are managed and governed by the board members.University of South Dakota Foundation's investment portfolio is valued at over $256.6 million, with investments in private equity, fixed income, equities, real estate, and cash.