Franklin W. Olin College of Engineering manages an endowment fund based in Needham, Massachusetts. The endowment assets are combined with other funds of the university to create a long-term investment pool. The assets of the endowment are managed and governed by the board of trustees.Franklin W. Olin College of Engineering Endowment's investment portfolio is valued at $369.73 million, with investments in domestic and international equities, fixed income, real assets & natural resources, real estate, hedge funds, private equity, and cash.