Arkansas State University's enduwment is managed by the Arkansas State University Foundation which is based in Jonesboro, Arkansas. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The purpose of the Arkansas State University Foundation is to support each of the Arkansas State University System Campuses through the development, procurement, and stewardship of private gifts. Over the past century their gifts have transformed the University and through it, the lives and dreams of its students. New endowment gifts are needed now to continue that transformation. Within the ASU endowment are hundreds of named endowment funds that are pooled together for investment purposes but administered individually to ensure the purposes defined by the donor are accomplished. The assets of the foundation are managed by the board of directors.Arkansas State University System EndowmentAos investment portfolio is valued at $15.68 million with investments in private equity, publicly traded securities, fixed income securities, and cash.