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Endowment Management

College and university endowments are collections of funds that support students, staff, and the institution’s mission. Endowment funds are designed to be sustainable over the long term, typically to honor an institution’s promise to a donor’s intent for their gift in perpetuity. Chief business officers manage endowments to be perpetual, growing, and consistent sources of revenue for colleges and universities, supporting students today and alumni of the future.

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Endowment Management, College and University Business Administration

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Jacalyn Askin

Senior Fellow, Finance and Campus Management



NACUBO Responds to Congressional Letter on Diversity in Endowment Management

October 18, 2019

NACUBO President and CEO Susan Whealler Johnston has responded to a letter sent by six members of Congress concerning diversity among the leadership of firms managing college and university endowments. She highlighted NACUBO resources and our commitment to encouraging diversity in asset management leadership and the business officer profession as a whole.

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  • October 18, 2019

    NACUBO Responds to Congressional Inquiry into Diversity in Endowment Management

    NACUBO President and CEO Susan Whealler Johnston has responded to a letter from six members of Congress concerning diversity among the leadership of firms managing college and university endowments.

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  • October 1, 2019

    NACUBO Submits Response to Endowment Excise Tax Proposal

    NACUBO’s recommendations to policymakers, endorsed by 10 other higher education associations, highlight areas of concern for the sector and urge final rules that reflect an understanding of how colleges and universities serve students and operate. A coalition of colleges and universities also weighed in.

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Press Release

  • January 31, 2017

    2016 NACUBO-Commonfund Study of Endowments (Final Data)

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  • August 03, 2016

    NACUBO Offers Resources on College and University Endowments

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  • February 09, 2016

    NACUBO Statement on Endowment Inquiry

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  • January 29, 2015

    Building on 11.7% Gain in FY2013, Educational Endowments' Investment Returns Averaged 15.5% in FY2014

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  • August 28, 2019

    NACUBO-TIAA Study of Endowments

    This annual survey provides comprehensive analysis of investment returns, asset allocations, and governance policies and practices at more than 800 U.S. higher education institution endowments and affiliated foundations, representing nearly $617 billion in endowment assets.

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  • March 25, 2019

    NTSE Frequently Asked Questions

    A list of common questions and answers about the NACUBO-TIAA Study of Endowments

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  • March 14, 2019

    2018 NACUBO-TIAA Study of Endowments Sponsors

    Thanks to the many corporate sponsors for their support of the annual endowment study.

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  • March 14, 2019

    Historic Endowment Study Data

    Historical endowment market values and investment returns, net of fees, for endowment study participants from 1990 to 2017

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  • January 31, 2019

    Public NTSE Tables

    Public NTSE tables provide an overview of investment returns, asset allocations, spending rates and endowment market values at more than 800 higher education institutions and affiliated foundations.

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Upcoming Events

  • November 20, 2019

    Why Blockchain Could be a Game Changer in Improving Higher Ed Financial Management

    November 20, 2019 | 1-2pm ET

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  • December 04, 2019

    Using Data on Markets and Money to Make Collaborative Academic Program Decisions and Long-Term Program Plans

    December 4, 2019 | 1:00-2:15pm ET

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