Rhode Island School of Design (RISD) manages an endowment fund which is based in Providence, Rhode Island. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The assets are managed by the board of trustees.Rhode Island School of Design Endowment's investment portfolio is valued at $349.01 million, with investments in domestic and international equity, hedge funds, fixed income, private equity, and cash.