The 2014 NACUBO-Commonfund Study of Endowments will be available for purchase by March 2015 at www.nacubo.org. 2014 results are based on 832 U.S. college and university endowments and affiliated foundations, representing $516 billion in endowment assets. Some highlights from this year’s study include:
- Endowments returned an average of 15.5% (net of fees) for the 2014 fiscal year, compared to 11.7% for the 2013 fiscal year.
- 74% of respondents increased spending from endowments in fiscal year 2014.
- On average, annual endowment funds accounted for 9.2% of institutions’ total operating budgets, compared to 8.8% in 2013.
- Asset allocation among participating endowments was relatively unchanged.
The study presents data in six categories, according to size of endowment. In addition, the study presents asset returns by asset class, asset allocation strategies, spending policies, risk management considerations, analysis of the investment management function employed by the participating institutions, and investment policy considerations according to environmental/social/governance investing criteria.
NACUBO is hosting a webcast on Thursday, February 19, 2015 to present the results of the 2014 Study.