Muhlenberg College manages an endowment fund which is based in Allentown, Pennsylvania. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The endowment is administered by the Board of Trustees of the college along with the Finance and Investment Committee.Muhlenberg College Endowment's investment portfolio is valued at $292.34 million, with investments in private equity and cash.