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.
| Organisation | Type | Country | AUM band |
|---|---|---|---|
| Regents of the University of California | Endowment | $100bn+ | |
| University of California | Endowment | $100bn+ | |
| Walton Family Foundation | Foundation | $100bn+ | |
| Knight Foundation | Foundation | $50bn – $100bn | |
| Bill & Melinda Gates Foundation Trust | Foundation | $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.