# Indiana State University Endowment

Indiana State University Endowment is an Endowment / Foundation based in Terre Haute, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Terre Haute, United States
- **Region:** North America
- **Address:** Terre Haute, Indiana, United States
- **Founded:** 1865
- **Assets under management:** Undisclosed
- **Website:** indstate.edu
- **LinkedIn:** https://www.indstate.edu

## Regulatory record

- **Reports private funds:** No

## About

Established in 1865 alongside the university in Terre Haute, Indiana, the endowment serves as a permanent funding source for student scholarships and institutional priorities at Indiana State University. The university offers more than 100 undergraduate and 75 graduate programs, with the endowment acting as a key vehicle for alumni and donor contributions. The endowment participates in early-stage venture capital, targeting seed and startup-stage companies through a fund-of-funds approach. Its strategy focuses on general venture exposure, with no publicly confirmed direct co-investment or SPV activity. No specific portfolio companies or co-investors have been disclosed. The investment footprint appears concentrated in the United States. Principal investment oversight involves Fang Echo Huang, Founder and President of Echo Wealth Management, LLC, who holds the CFP, CFA, and CPA designations. Associate Wealth Managers Justin Edwards and Jared Johnson are also associated with the endowment. The structure includes exposure to structured notes and commission-free annuities. Unlike large coastal endowments that operate in-house investment offices, Indiana State University Endowment's venture exposure appears to run through an external advisory arrangement, blending traditional university fundraising with a regulated wealth-management practice — a governance structure more common among smaller public university endowments.

## Sectors

- Venture (General)

## People

- Fang Echo Huang — Founder and President, Echo Wealth Management, LLC
- Justin Edwards — Associate Wealth Manager
- Jared Johnson — Associate Wealth Manager II and Shareholder

## Questions

### Who runs investment decisions at Indiana State University Endowment?

Fang Echo Huang, Founder and President of Echo Wealth Management, LLC, is the key named principal. She holds the Certified Financial Planner, Chartered Financial Analyst, and Certified Public Accountant designations. Associate Wealth Managers Justin Edwards and Jared Johnson are also associated with the endowment.

### Does the ISU Endowment participate in fund commitments or only direct deals?

The endowment operates through a fund-of-funds approach within early-stage venture capital, with no publicly confirmed direct co-investments. Its strategy encompasses seed and start-up stage venture funds.

### What investment stages does the ISU Endowment typically target?

It targets early-stage venture capital, specifically seed and startup-stage companies, through a fund-of-funds structure. No later-stage, growth-equity, or buyout allocations have been confirmed.

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Last updated: 2026-08-11T02:43:31.692Z

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