East Tennessee State University Foundation (ETSU Foundation) manages an endowment fund of the East Tennessee State University which is based in Johnson City, Tennessee. The foundation is a separate legally incorporated, not-for-profit entity founded in 1970 to generate and receive private support for the university. The endowment provides an annual funding in the form of income from investments, gifts and donations from alumnaes which supports the strategic initiatives of the college. The endowment's assets are managed by the board of trustees and monitored by the organization's Investment Committee.