Canisius College manages an endowment fund which is located in Buffalo, New York. The endowment fund provides annual funding in the form of income from investments, gifts, and donations from alumnae which supports the strategic initiatives of the college. The college's endowment is treated as a permanent asset and a fixed percentage of a rolling three year average of the market value of the fund is spent each year. In addition to student scholarships, the endowment also supports faculty research and academic initiatives. The endowment fund is managed by the board of trustees.