Ball State University Foundation (BSU Foundation) manages an endowment fund which is based Muncie, Indiana. Established in 1905, the endowment is administered by the Ball State University Foundation (BSU Foundation) on behalf of the university. It provides support for programs and buildings, which have added academic, cultural, entertainment, and economic value to the university and community. The endowment is managed by the board members.Ball State University Foundation's investment portfolio is valued at over $225.33 million, with investments in cash and equity.