Drake University Endowment

Drake University manages an endowment fund that is based in Des Moines, Iowa. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is governed by the University's Board of Trustees and the Investment Office of the University. The board of trustees is responsible for setting the investment policy and asset allocation while the investment office is responsible for the day-to-day management of the investments and their performance.Drake University Endowment's investment portfolio is valued at $219.80 million, with investments in domestic and international equities, fixed income, private equity, real estate, and cash.