Locust Walk, between 36th and 34th streets


The Office of Investments is responsible for the management of the university's endowment and other long-term investments.

The endowment itself consists of over 6,000 individual endowment funds pooled into a single investment vehicle known as the Associated Investments Fund (AIF). Funds designated as endowment are meant to support programs into perpetuity. Spending is determined under a formula established by the Board of Trustees that balances the desire for current income with the need to protect long-term purchasing power.

The investment goal of the AIF is to achieve high, steady, absolute returns while protecting against any permanent loss of capital. To accomplish this, the AIF portfolio is invested in a well-diversified pool of assets, including public equities, fixed income, hedge funds, private equity, real estate and natural resources in accordance with a policy portfolio established in consultation with an Investment Board appointed by the Board of Trustees. The diversity across asset classes and geographies helps to enhance returns while minimizing risk.

Thank you for your interest and for visiting our website.

The Office of Investments


If you are interested in making a gift to the endowment, please click here to be routed to the PennGiving website.