<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Fri Jun 26 21:24:54 UTC 2026 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:type="locator" xlink:label="oef_Component1OtherExpensesOverAssets" xlink:href="https://xbrl.sec.gov/oef/2026/oef-2026.xsd#oef_Component1OtherExpensesOverAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oef_Component1OtherExpensesOverAssets_lbl" xml:lang="en-US">Other Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component1OtherExpensesOverAssets" xlink:to="oef_Component1OtherExpensesOverAssets_lbl" priority="1"/>
    <loc xlink:type="locator" xlink:label="label_Component1OtherExpensesOverAssets_taxonomy_label" xlink:href="https://xbrl.sec.gov/oef/2026/oef-2026_lab.xsd#label_Component1OtherExpensesOverAssets"/>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component1OtherExpensesOverAssets" xlink:to="label_Component1OtherExpensesOverAssets_taxonomy_label" use="prohibited"/>
    <loc xlink:type="locator" xlink:label="oef_Component2OtherExpensesOverAssets" xlink:href="https://xbrl.sec.gov/oef/2026/oef-2026.xsd#oef_Component2OtherExpensesOverAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oef_Component2OtherExpensesOverAssets_lbl" xml:lang="en-US">Expenses for Securities Sold Short</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component2OtherExpensesOverAssets" xlink:to="oef_Component2OtherExpensesOverAssets_lbl" priority="1"/>
    <loc xlink:type="locator" xlink:label="label_Component2OtherExpensesOverAssets_taxonomy_label" xlink:href="https://xbrl.sec.gov/oef/2026/oef-2026_lab.xsd#label_Component2OtherExpensesOverAssets"/>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component2OtherExpensesOverAssets" xlink:to="label_Component2OtherExpensesOverAssets_taxonomy_label" use="prohibited"/>
    <loc xlink:type="locator" xlink:label="ck0000916622_S000006387Member" xlink:href="ck0000916622-20260701.xsd#ck0000916622_S000006387Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0000916622_S000006387Member_lbl" xml:lang="en-US">TIFF Multi-Asset Fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0000916622_S000006387Member" xlink:to="ck0000916622_S000006387Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0000916622_C000017543Member" xlink:href="ck0000916622-20260701.xsd#ck0000916622_C000017543Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0000916622_C000017543Member_lbl" xml:lang="en-US">TIFF Multi-Asset Fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0000916622_C000017543Member" xlink:to="ck0000916622_C000017543Member_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0000916622_C000017543Member_lbl0" xml:lang="en-US">C000017543 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0000916622_C000017543Member" xlink:to="ck0000916622_C000017543Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0000916622_S000006387Member_lbl0" xml:lang="en-US">S000006387 Member</label>
<!-- [WMV7][g9ldgOpsMoHahWSOEBLTMFQt4trn1IqLt3HZaG10TPeaILdPm63ovYCQi3oWFfB1T6PAwrloxwlvC/5grJmj3nZBOgs+U8OPV5UbSSx+HSfTlIcFDv/caZtyIePe6W2eu07Z5uJHI3GSjWrH2tOAq76Ehmkn11sLGMYpXOZ/N324S9rv+qAYRBqMsP5r5l/zdJSU6Ylk/bl7+LLQeIcNZ+mJNW7I/ISYahCm3zgb9YY/TpIWBAwlQPDn5RJoY7v9lgjxxl5QuaZDY1JcA8ZfvbVPt6E+nuM8/UQMpKrXaKEVpev/G6jvdObR2rzb+aYt6UhELIU1oW6/17OBfvjcfWjIH/Z4uIdbAOufutEaysdfjw/HEH4LtLgZ0k5AWvept3jauA==] CSR-->
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0000916622_S000006387Member" xlink:to="ck0000916622_S000006387Member_lbl0"/>
  </labelLink>
</linkbase>
