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2023 NACUBO-Commonfund Study of Endowments

Final results from the 2023 NACUBO-Commonfund Study of Endowments (NCSE) were posted on February 15, 2024.

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

The full 2023 NCSE final report is available for purchase.

Purchase the Report

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2023 NACUBO-Commonfund Study of Endowments—Institution-Specific Dataset

For an additional $500, you can purchase the 2023 NACUBO-Commonfund Study of Endowments—Institution-Specific Dataset. This product allows NCSE readers to get a more granular look at the net investment returns, asset allocations, and effective spending rates of institutional respondents to the 2023 Study. The dataset contains anonymized detailed information for the U.S. respondents to the NCSE. It allows users to compare results by state, endowment size level, institution type, and other dimensions. Click here to see the list of variables available in this additional database.

Purchase the Dataset

2023 NACUBO Endowment Study of Canadian Institutions

We are pleased to offer the 2023 NACUBO Endowment Study of Canadian Institutions at no additional charge. The study collects endowment market values, investment returns, asset allocations, spending dollars, and spending rates from higher education institutions and institutionally related foundations in Canada.

Access the Canadian Study

50th Anniversary Edition

In commemoration of the 50th anniversary of the NACUBO endowment study series, we are also pleased to offer a new white paper, The NACUBO Endowment Study: A 50-Year Retrospective Documenting a Period of Unprecedented Change. This study chronicles five decades of unparalleled change in the investment industry and endowment management.

Access the White Paper
NACUBO 50th Anniversary Edition Seal

NCSE 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 NCSE@nacubo.org.

NCSE Sponsors

All study sponsors have complimentary access to the final report. For instructions on how to access the study results, please email NCSE@nacubo.org.

NCSE Products for Non-Participants

The complete study will be available for purchase and online access from the NACUBO Online Bookstore. Note: NACUBO account required (free).

 

Sponsors

NACUBO would like to thank the 2023 NCSE sponsors for their generous contributions, which make the NCSE production possible.

Primary Contributor

Commonfund Logo

 

Premier Sponsors

Bank of America Logo

Crewcial Partners

TIAA Logo

 

Classic Sponsors

Prime Buchholz Logo

 

Other Sponsors

John W. Bristol, Mason Investment Advisory Services, Inc.

 

Additional Resources

 

Email NCSE@nacubo.org with questions regarding the study.

Contact

Ken Redd

Senior Director, Research and Policy Analysis

202.861.2527


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