The National Association of College and University Business Officers (NACUBO) and TIAA will team up to bolster and further progress NACUBO’s annual study of college and university endowments.
“We are honored to join NACUBO and to engage the endowment community in shaping a dynamic, interactive new endowment study,” said Ron Pressman, CEO of Institutional Financial Services at TIAA. “For 100 years, TIAA has been driven to serve nonprofits, and this is one more opportunity to share important insights and help institutions fulfill their missions.”
Scheduled for release in Q1 2019, the study will cover the 2018 fiscal year. The updated version of the NACUBO-TIAA Endowment study will feature participation from more than 800 institutions and serve as a resource for understanding trends in endowment management.
“We look forward to working with the experts at TIAA, and with our members who participate in this important project, to refresh this critical study,” said John Walda, president and CEO of NACUBO. “TIAA’s leadership, service, and commitment to the long-term success of nonprofit institutions makes it the perfect partner for NACUBO at this critical juncture.”
Commonfund, the previous sponsor of the endowment study, will provide complementary research for NACUBO and TIAA.
“We are pleased to maintain a role on this annual study, the largest in this country,” said Commonfund President and CEO Catherine Keating. “We look forward to collaborating with NACUBO and TIAA to promote best practices with this important research.”
Tags: Commonfund, Endowment, NACUBO, TIAA