The Lutheran University Association (Valparaiso University) manages an endowment fund based in Valparaiso, Indiana. 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 members.The Lutheran University Association Endowment's investment portfolio is valued at over $263.01 million, with investments in domestic and international equity, fixed income, private equity, real estate, and cash.