---
title: "Endowments and Foundations: Coverage and Commitments"
description: "Endowments and foundations that invest in private funds: coverage, mandates and latest commitments on Vestdoor."
url: https://vestdoor.com/investors/endowments-and-foundations
updated: 2026-11-11
---

# 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.

[See pricing](https://vestdoor.com/pricing)

## Named investors

Named investors of this type, ordered by AUM band.

| Organisation | Type | Country | AUM band |
| --- | --- | --- | --- |
| [Regents of the University of California](https://regents.universityofcalifornia.edu) | Endowment | United States | $100bn+ |
| [University of California](https://www.universityofcalifornia.edu) | Endowment | United States | $100bn+ |
| [Walton Family Foundation](https://www.waltonfamilyfoundation.org) | Foundation | United States | $100bn+ |
| [Knight Foundation](https://knightfoundation.org) | Foundation | United States | $50bn – $100bn |
| [Bill & Melinda Gates Foundation Trust](https://www.gatesfoundation.org) | Foundation | United States | $50bn – $100bn |

Showing 5 of 40.

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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.

## 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.

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Canonical: https://vestdoor.com/investors/endowments-and-foundations
Markdown twin: https://vestdoor.com/investors/endowments-and-foundations.md