Alfred University (AU) is a private non-sectarian university based in Alfred, New York. Established in 1836, the university is a not-for-profit, co-educational institution for higher education. The mission of the university is to provide excellent quality and enduring value through academic and co-curricular programming that is both intellectually challenging and practically relevant. The university is governed by the board of trustees.Alfred University's investment portfolio is valued at over $139.88 million, with investments in private equity, real estate, hedge fund, publicly-traded equity, fixed income, and cash.