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Final results from the 2020 NACUBO-TIAA Study of Endowments (NTSE) are now available. Please see the following resources for key data and findings from the NTSE:

The full 2020 NTSE final report is now available for purchase. Click here for purchasing information.

  • NTSE Participants: All staff at participating institutions have complimentary access to the final report. If you need help in gaining report access, please send an email to the Endowment Study help desk.
  • NTSE Sponsors: All study sponsors have complimentary access to the final report. For instructions on how to access the study results, please email the Endowment Study help desk.
  • NTSE Products for Non-Participants: The complete study is available for purchase and instant download from the NACUBO Online Bookstore.



NACUBO would like to thank the 2020 NTSE sponsors for their generous contributions, which make the NTSE production possible.

Primary Contributor



Premier Sponsors

Aon Logo

Bank of America Logo

Commonfund Logo


Classic Sponsor

Prime Buchholz Logo


Other Sponsors

Goldman Sachs, Graystone Consulting, John W. Bristol & Co., Mason Investment Advisory Services, Inc., SEI


Additional Resources

Contact NACUBO Endowment Study staff with questions regarding the study.


Ken Redd

Senior Director, Research and Policy Analysis


Related Content

Historic Endowment Study Data

Historical endowment market values and investment returns, net of fees, for endowment study participants from 1990 to 2018

Public NTSE Tables

Public NTSE tables provide an overview of investment returns, asset allocations, spending rates, and endowment market values at college and university endowments and affiliated foundations that participate in the annual series of NACUBO endowment studies.

Future Endowment Study Participation

Information about participating in the 2021 NTSE for college and university endowments and affiliated foundations.