Webster University manages an endowment fund which is based in St. Louis, Missouri. The endowment fund consists of individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the governing body to function as endowments (quasi-endowment). The University has adopted investment and spending policies for endowment assets which support its mission over the long term. The assets are governed by the board of trustees.Webster University Endowment's investment portfolio is valued at over $136.79 million, with investments in domestic and international equity, fixed income, private equity, hedge funds, and cash.