University of Pennsylvania Endowment

University of Pennsylvania (Penn's endowment) manages an endowment fund which is based in Philadelphia, Pennsylvania. The purpose of Penn's endowment is to provide stable and perpetual support for the mission and programs of the University. The endowment supports a wide range of purposes across the institution, with the significant majority of funds dedicated to instructional use and student financial aid. The assets are managed by the board of trustees.University of Pennsylvania Endowment's investment portfolio is valued at over $14.9 billion, with investments in domestic and international equity, fixed income, private equity, real estate, and hedge funds. The endowment's return is 6.5% as of 2019.