Towson University Foundation (TU Foundation) manages an endowment based in Towson, Maryland. Established in 1970, the endowment allows donors to make tax-deductible contributions in support of Towson University scholarships and fellowships, faculty development, research, outreach projects, academics, and other progra The endowment is managed by the board of directors.Towson University Foundation's investment portfolio is valued at over $77.75 million, with investments in private equity, equities, fixed income and cash.