Northeastern University (NEU Endowment) manages an endowment fund which is based in Boston, Massachusetts. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service programs The endowment is managed by the board of trustees.Northeastern University Endowment's investment portfolio is valued at $1.07 billion, with investments in fixed income, domestic and international equity, private equity, hedge funds, and cash.