Berea College manages an endowment fund which is based in Berea, Kentucky. The college's endowment fund receives gifts from donors and provides annual funding in the form of income from investments that support the strategic initiatives of the college. It also funds the education and general operating budget. The assets of the fund are managed and governed by the board of trustees.Berea College Endowment's investment portfolio is valued at $1.21 billion, with investments in domestic and international equities, fixed income, private equity, hedge funds, special opportunities, real estate, short-term investments, and cash.