California Institute of the Arts manages an endowment fund which is based in Valencia, California. The endowment supports scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is managed by the board of trustees.California Institute of the Arts Endowment's investment portfolio is valued at $178.84 million, with investments in domestic and international equity, fixed income, private equity, and cash.