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Results From the 2023 NACUBO-Commonfund Study of Endowments

February 22, 2024 | 2–3:15 pm ET | Online | Complimentary Session from the 2024 Endowment Leadership Series

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NACUBO 50th Anniversary

This session, moderated by Marketplace senior reporter Stephanie Hughes, provides an overview of the results of the 2023 NACUBO-Commonfund Study of Endowments, the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at U.S. higher education institutions and affiliated foundations.  

The 2023 NACUBO-Commonfund Study of Endowments, the 50th anniversary of NACUBO’s endowment study series, is expected to show that college and university endowments posted below average returns in fiscal year 2023. These lower returns, and the prospect for tough market conditions in the future, bring even more pressure for universities to spend more from their endowments to support students and faculty. The returns also come as campus leaders are facing rising inflation, lower enrollments, and increasing calls for controlling college costs. 

College and university chief investment officers and other panelists will look back at the investment returns, asset allocations, and other factors that influenced performance in FY23. Panelists will address the challenges of the financial market conditions they are facing in 2024 and beyond. They will also share the major highlights endowments have seen over the past 50 years.

Learning Objectives

After this webinar, you will be able to—

  • Compare your institution’s FY23 investment results against national averages by endowment size and institution type
  • Recognize differences in returns by endowment sizes and asset class
  • Appraise the market challenges in FY23 and beyond
  • Assess the major changes in endowment investing policies and practices that have occurred in the past 50 years and how these trends might influence future strategies


  • Charmel Maynard, chief investment officer and treasurer, University of Miami
  • Tim Yates, president and CEO, Commonfund OCIO, Commonfund
  • Stephanie Hughes (moderator), senior reporter, Marketplace
  • Ken Redd, senior director, research and policy analysis, NACUBO

Register for the Series

This webinar is a complimentary session from the 2024 Endowment Leadership Series. Visit the series page to purchase access to the whole series.

How to Attend

After registering, you will access this event in our new learning management system

If you can't access this event, please email


This webinar will be recorded. Registrants will receive an email when the recording is available.

CPE Credit

Please review the new process for earning CPE credit online.

Endowment Management Online Workshop CPE Available

Event Information

  • Level: Intermediate
  • Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
  • Advanced Preparation: None
  • Delivery Mode: Group internet based
  • Field of Study: Specialized Knowledge
  • Length: 75 minutes

CPE Information

Estimated 1.5 CPE Credits

Please note you can only earn credit for attending the session live. Each individual must register and attend separately to earn credit.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website


Cancellation Policies

This webinar is a complimentary session from the 2024 Endowment Leadership Series. Visit the series page to purchase access to the whole series.





NACUBO thanks the following supporter of this event:

Primary Contributor


2024 Endowment Leadership Series

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