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2023 NACUBO-Commonfund Study of Endowments

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  • The 2023 NACUBO-Commonfund Study of Endowments (NCSE) provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at hundreds of U.S. higher education institutions and affiliated foundations. The report provides extensive data to help institutions evaluate their investment returns and compare results by endowment size and institution type.

    We are also pleased to offer the 2023 NACUBO Endowment Study of Canadian Institutions at no additional charge. The study collects endowment market values, investment returns, asset allocations, spending dollars, and spending rates from higher education institutions and institutionally related foundations in Canada. You can get a copy of the Canadian study here.

    In addition, For an additional $500, you can purchase the 2023 NACUBO-Commonfund Study of Endowments—Institution-Specific Dataset. This product allows NTSE readers to get a more granular look at the net investment returns, asset allocations, effective spending rates, and spending policies of institutional respondents to the 2023 Study. You can purchase and download the dataset here.