University uf Florida Foundation (UF Foundation) manages an endowment fund that is based in Gainesville, Florida. Established in 1934, the foundation is the fundraising and gift fund management arm of the University of Florida. Founded as the University of Florida Endowment Corp. (UFICO), the foundation has worked since the 1950s to encourage alumni and friends to support the University of Florida through private funds and other resources. The foundation receives, invests and administers private support for the University of Florida. The assets of the foundation are managed by the board of directors.University of Florida FoundationAos endowment is having an investment portfolio that is valued at $1.82 billion, with investments in publicly-traded equities, fixed income securities, private equity, hedge fund, real estate, and cash. The endowment returned 7.0% for the fiscal year ended June 30, 2019, net of all investment management fees and expenses, compared to the 6.1% performance of the 60/40 benchmark and the 6.7% performance of CPI+5%.