Purdue Research Foundation (PRF) manages an endowment that is based in West Lafayette, Indiana. Established in 1930, PRF manages the combined Purdue University and Purdue Research Foundation (PRF) endowments and the cash management investment pool. The foundation also owns and manages the Purdue Research Park, satellite technology incubators, and works to acquire real estate for the expansion of the University's main campus in West Lafayette as well as its regional campuses and agricultural centers. PRF is a part of Purdue University. The Investment Committee has oversight responsibility for the management of the investments and directs the daily activities of the Office of Investments.