Tenn. Code Ann. § 49-7-1401

The higher education foundation investment pool is created for the purpose of receiving and investing a higher education foundation's money in the custody of any officer or officers of the state unless prohibited by statute to be invested. For the purposes of this section, “higher education foundation” means any foundation established for a state university, state college, or Tennessee college of applied technology pursuant to §§ 49-7-107 and 49-11-402.