Western Michigan University Foundation manages an endowment fund based in Kalamazoo, Michigan. Established in 1976, the fund operates as a charitable, non-profit corporation exclusively for the benefit of Western Michigan University. It provides support to the university to accomplish its educational and civic purposes. The assets of the foundation are managed by the Board of Directors.Western Michigan University Foundation's investment portfolio is valued at $306.27 million, with investments in domestic and international equity, fixed income, private equity, and hedge funds.