<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from TIFF
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 015
<NAME> TIFF Short-Term Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 78,663,201
<INVESTMENTS-AT-VALUE> 78,604,091
<RECEIVABLES> 2,433,891
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,037,982
<PAYABLE-FOR-SECURITIES> 1,007,251
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,463
<TOTAL-LIABILITIES> 1,095,714
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,433,669
<SHARES-COMMON-STOCK> 8,039,887
<SHARES-COMMON-PRIOR> 9,029,188
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (13,326)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (491,978)
<ACCUM-APPREC-OR-DEPREC> 13,903
<NET-ASSETS> 80,447,572
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,644,563
<OTHER-INCOME> 0
<EXPENSES-NET> (150,164)
<NET-INVESTMENT-INCOME> 2,494,399
<REALIZED-GAINS-CURRENT> (178,901)
<APPREC-INCREASE-CURRENT> 187,960
<NET-CHANGE-FROM-OPS> 2,503,458
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,494,330)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,810,492
<NUMBER-OF-SHARES-REDEEMED> (4,026,074)
<SHARES-REINVESTED> 226,281
<NET-CHANGE-IN-ASSETS> (9,813,513)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (13,395)
<OVERDIST-NET-GAINS-PRIOR> (313,077)
<GROSS-ADVISORY-FEES> 12,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 184,390
<AVERAGE-NET-ASSETS> 85,390,076
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<EXPENSE-RATIO> 0.35
</TABLE>
