Regulation
Iowa Proposes Tax on In-State Universities’ Endowments
Tax revenue would flow into a state treasurer-administered fund to provide tuition grants.
Tag: Endowment
Asset Allocation
University of Chicago Endowment Rises 10.2% to $10.9B
A private markets secondaries sale cost the fund 90 basis points, but strong digital asset performance helped it exceed last year’s return.
Asset Allocation
Cornell Endowment Returns 12.3% in Fiscal 2025, Second Among Ivies
Assets of the Ithaca, New York-based university rose to $11.8 billion at the end of June.
Asset Allocation
MIT Endowment Returns 14.8% in Fiscal 2025
Assets managed by the Massachusetts Institute of Technology Investment Management Co. rose to $27.4 billion.
Newsmakers
University of North Carolina CIO Jonathon King to Retire
King has served as president, CEO and investment chief of the UNC Management Co. since 2005.
Newsmakers
Geoffrey Berg Named University of Rochester CIO, Succeeding Doug Phillips
The endowment’s new investment chief previously held the role at the South Carolina Retirement System Investment Commission.
Newsmakers
Lehigh University Names Michael Gould as Interim CIO
On staff in the endowment’s investment office since 2018, Gould steps in for the departing Kristin Agatone.
Newsmakers
University of Rochester CIO Doug Phillips to Retire
The investment chief will leave at the end of September after 25 years at the institution.
Newsmakers
Georgetown University Taps Lehigh Endowment for New CIO
Kristin Agatone will become the investment chief of the $3.7 billion endowment, effective September 15, succeeding Michael Barry.
Regulation
Senate GOP Tax Plan Pulls Back on Endowment Tax, Section 899
The bill proposes slight changes to the House version and nixed some provisions, such as the private foundation tax.
Asset Allocation
Easier Said Than Done: Shifting Private Foundation Assets to Offset Proposed Tax Could Prove Difficult
Liquidity needs and potential spend-downs make alternative investments a tricky tax-hike solution.
Newsmakers
MacArthur Foundation Names Bola Olusanya CIO
He succeeds the retiring Susan Manske to oversee the nearly $9 billion endowment.
Asset Allocation
Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies
House members have proposed boosting the 1.4% endowment tax rate as high as 21%—matching the corporate tax rate.
Market Moves
Harvard Exploring $1B Secondaries Market Sale
Jefferies is reportedly advising the university's endowment on a sale to Lexington Partners.
Asset Allocation
Institutional Investors Expect to Raise Risk Tolerance for Private Markets
Private infrastructure is attracting more attention from pensions, sovereign wealth funds and endowments, per a Nuveen survey.