University of Tennessee Foundation (UT Foundation) manages an endowment fund which is based in Knoxville, Tennessee. The foundation was established in 2001. The endowment fund help provide funding for scholarships, professorships, research, outreach programs and other university initiatives. The assets of the foundation are managed by the Board of Directors.University of Tennessee Foundation's investment portfolio is valued at $375.86 million, with investments in domestic and international equity, fixed income, private equity, and cash.