Washington, D.C.—The National Association of College and University Business Officers (NACUBO) has published abundant information on what college and university endowments are, how they are managed, and how they are designed to serve students today and in the future.
NACUBO's newest resource is "Endowment Management," a complimentary chapter from College and University Business Administration, the NACUBO reference on all facets of higher education management. The author, Randy L. Greene, chief operations and finance officer of the American Accounting Association, discusses guiding legal principals, endowment spending policies, and the unique characteristics that distinguish endowments from other pools of investments.
Knowledge of endowment basics is critical to understanding today's higher education economic models and how institutions are preparing to serve out their missions well into the future. To further provide stakeholders with the most recent data available on endowments, NACUBO also offers these resources:
- The NACUBO-Commonfund Study of Endowments (NSCE). The 2015 NCSE, released on January 27, 2016, gathered data from 812 U.S. colleges and universities that showed endowments returned an average of 2.4 percent (net of fees) for the 2015 fiscal year (July 1, 2014 -June 30, 2015), compared with 15.5 percent in the 2014 fiscal year. Despite the decline in investment gains, 78 percent of respondents reported spending more dollars from their endowments in FY15 than in the fiscal year prior.
- Podcasts and videos. Ken Redd, director of research and policy analysis at NACUBO, discusses the 2015 NCSE in this complimentary NACUBO In Brief podcast. In this YouTube video, NACUBO Director of Federal Affairs Liz Clark shares how endowments work and how institutions are able to use these funds.
Additional information on college and university endowments can be found on NACUBO's website. To speak to a NACUBO expert about endowments, please contact Katy Hopkins at email@example.com to set up an interview.
NACUBO, founded in 1962, is a nonprofit professional organization representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. NACUBO's mission is to advance the economic viability, business practices and support for higher education institutions in fulfillment of their missions. For more information, visit www.nacubo.org.