Alternatives
Liquidity, Distributions and the Exit Backlog: How Endowments Are Navigating the Drought
Endowments are not abandoning private equity, but they are being selective.
Tag: NACUBO
Asset Allocation
US College, University Endowments Returned 11.2% Last Year
According to the 2024 NACUBO-Commonfund Study of Endowments, 658 institutions, representing $873.7 billion in assets, reported a $30 billion increase in spending.
Asset Allocation
UCSD Foundation Repeats as Best-Performing University Endowment in Fiscal 2024
Smaller, equity-heavy funds outpaced larger endowments with higher private market allocations during a boom year for artificial intelligence and tech stocks, per NEPC.
Asset Allocation
US College Endowments Gained 7.7% in Fiscal 2023, but Suffered From Weak Alternatives Returns
Equities drove gains, while alternative returns were mostly flat.
Research
Private Equity, Venture Capital Outpace Public Equities in 2022 Higher Education Endowments
Despite negative investment performance and a drop in asset values in 2022, endowments provided $25.85 billion in financial support in fiscal 2022, a NACUBO-TIAA study found.
Alternatives
How Endowments and Foundations Can Energize Flagging Returns
A better assessment of risk and active management can turn things around, says a report from NACUBO and Nuveen.
Asset Management Culture
Why Smith College Is Moving Its Endowment In-House
The $2 billion fund, now in the market for its first CIO, decided it’s big enough to shift asset management internally.
Regulation
IRS, Treasury Soften Blow of Endowment Tax
NACUBO welcomes rule changes but still opposes tax, which it says diminishes resources for students.
Regulation
White House Regulatory Office Reviews Endowment Tax
Universities have called for the removal of the 1.4% excise tax, which they say hurts financial aid.
Asset Allocation
Study: Endowments Have Underperformed Passive Portfolios for 58 Years
New research finds a 60/40 passive benchmark has outperformed the average endowment over nearly six decades.
Coronavirus - COVID-19
Endowments Weather Pandemic Better Than in Great Recession
Larger endowments outperform smaller ones due to less US equity exposure.
Manager Selection
Legislators Urge Endowments to Boost Asset Manager Diversity
NACUBO says Congress members are preaching to the choir.
US Educational Endowments Return 8.2% in 2018
But long-term returns fall well below target rates for endowments of all sizes.
NACUBO Taps TIAA for Annual Endowment Study
Previous sponsor to provide complementary research.
NACUBO: Endowments Returned 12.2%
But 10-year average annual dips to 4.6%.