Endowments and foundations that invest in funds

Endowments and foundations are tax-exempt institutions that invest a perpetual pool of capital to fund a university, charity or grant-making mission. Coverage, mandates and latest commitments for this type.

Named investors

Named investors of this type, ordered by AUM band.

Named investors
OrganisationTypeCountryAUM band
Regents of the University of CaliforniaEndowmentUnited States$100bn+
University of CaliforniaEndowmentUnited States$100bn+
Walton Family FoundationFoundationUnited States$100bn+
Knight FoundationFoundationUnited States$50bn – $100bn
Bill & Melinda Gates Foundation TrustFoundationUnited States$50bn – $100bn

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How they invest

How endowments and foundations allocate

Endowments and foundations usually run a policy portfolio with target allocations across public equity, fixed income, private markets and real assets.

Private-fund commitments are made through an investment office, an outsourced CIO or a consultant. The largest endowments invest directly and co-invest; smaller foundations often use funds of funds or OCIO platforms.

Questions

Frequently asked questions

How many endowments and foundations are in Vestdoor?

Endowments and foundations are part of Vestdoor's 24,838 investors. Foundation records come from 990-PF filings and are organisation-level; endowment records include fund-level detail where the institution publishes it.

Which endowments publish fund-level commitments?

UTIMCO, the University of Washington, the University of Michigan and the University of California publish fund-level lists or dated commitment statements. Most other university and foundation reports show asset-class totals.

Are foundations the same as endowments?

No. An endowment is a pool of assets held by an institution, often a university. A foundation is a grant-making organisation with its own tax-exempt status. Both invest for the long term, but their governance, spending rules and disclosure duties differ.