Charles Stewart Mott Foundation

ScholarShare is a financial services organization that specializes in providing college savings solutions to families. It operates the ScholarShare 529 plan, which is a state-sponsored college savings program designed to help individuals save for future educational expenses. The plan offers tax-free growth on contributions and is known for its competitive fee structure, making it an appealing choice for those looking to invest in higher education. By promoting financial literacy and accessible savings options, ScholarShare aims to support students in achieving their educational goals and easing the financial burden of college expenses.

Michigan State University, founded in 1855 and located in East Lansing, Michigan, is a comprehensive educational institution offering a wide range of undergraduate, graduate, and research programs across various fields, including business, humanities, science and technology, and public affairs. Its academic structure comprises several colleges, including the Eli Broad College of Business and the Eli Broad Graduate School of Management, among others. In addition to its educational mission, Michigan State University manages an endowment fund with $200 million in assets, employing alternative investment strategies such as buyouts, hedge funds, and venture capital. The endowment aims for a net internal rate of return of 10%, with allocations of up to 11% of total assets dedicated to alternative investments. This fund has been operational since 1988, highlighting the university's commitment to financial stewardship in support of its educational objectives.