The University of Connecticut Foundation (UConn Foundation) manages an endowment fund based in Storrs, Connecticut. Established in the year 1964, the primary goal of the foundation is to increase the quantity and quality of the returns generated for the endowment. The foundation operates exclusively to promote the educational, scientific, cultural, and recreational objectives of the university. The assets of the endowment are managed by the board of directors.The University of Connecticut Foundation's investment portfolio is valued at over $423.1 million, with investments in domestic and international equities, fixed income securities, hedge funds, infrastructure, real assets & natural resources, private equity, and cash.