Sonoma State University (SSAF) manages an endowment fund based in Rohnert Park, California. Established in 1974, the endowment is an independent non-profit corporation established in 1974 which was formed to promote the development programs of the University. The foundation's principal mission is to receive and administer gifts, endowments, and planned giving that enhance and promote Sonoma State University's educational mission. The activities of the foundation are directed by a board of community, student, faculty, and administrative representatives. The assets of the endowment are managed by the Sonoma State University Foundation on behalf of Sonoma State University.Sonoma State University Foundation's investment portfolio is valued at $38.55 million, with investments in domestic and international equity, real estate, real assets, fixed income, private equity, hedge funds, and cash.