Durban University of Technology manages an endowment fund which is based in Durban, South Africa. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is managed and administered by the university council assisted by the finance committee.Durban University of Technology Endowment's investment portfolio is valued at over ZAR2.23 billion (USD$155.75 million), with investments in domestic and international equity, fixed income, private equity and cash.