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2021 NACUBO-TIAA Study of Endowments Cover

NOTE: Data from the 2022 NACUBO-TIAA Study of Endowments (NTSE) will be posted on February 17, 2023.

Results from the 2021 NACUBO-TIAA Study of Endowments are available.

Please see the following resources for key data and findings from the NTSE:

The full 2021 NTSE final report is now available for purchase.

  • 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
  • NTSE Sponsors: All study sponsors have complimentary access to the final report. For instructions on how to access the study results, please email
  • 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 2021 NTSE sponsors for their generous contributions, which make the NTSE production possible.

Primary Contributor



Premier Sponsors

Bank of America Logo

Commonfund Logo

Russell Investments Logo

State Street Global Advisors Logo


Classic Sponsors

Crewcial Partners

Prime Buchholz Logo

SEI Logo

Signatory Logo


Other Sponsors

Aon, Graystone Consulting from Morgan Stanley, John W. Bristol & Co., Mason Investment Advisory Services, Inc.


Additional Resources


Contact NACUBO Endowment Study staff with questions regarding the study.


Ken Redd

Senior Director, Research and Policy Analysis


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