ERIC Number: ED408914
Record Type: Non-Journal
Publication Date: 1994
Reference Count: N/A
NACUBO Endowment Study, 1993.
Cambridge Associates, Inc., Boston, MA.; National Association for Humane and Environmental Education, East Haddam, CT.
This report presents the results of a 1993 study of the performance and management of college and university endowments, based on data collected from 437 member institutions of the National Association of College and University Business Officers (NACUBO). Part 1 offers highlights of the study results including that: 9 percent of institutions represent 57.8 percent of total endowments; the mean return on endowment investments for 1993 was 13.3 percent; and the average endowment spending rate was 4.2 percent. Part 2 presents statistical data and other information in 32 exhibits, addressing: (1) general endowment characteristics by institution type, institutions ranked by market value of assets, assets per full-time equivalent (FTE) student, and public and private institutions ranked by assets per FTE student; (2) growth, including endowment growth and market indexes, spending rates, spending rules, and gift flow rates; (3) asset allocation and asset allocation by institution; (4) general characteristics of investment pools, including assets and institutions grouped by size of investment pool; (5) investment pool performance, including nominal returns, average annual compound nominal returns and cumulative nominal returns by institution, and similar information for real returns; (6) asset allocation by investment pool; and (7) management fees. Two appendixes contain a glossary and descriptions of market indexes. A list of firms that contributed to funding the study concludes the report. A separately published executive summary and a formal acknowledgment booklet listing contributors to the study by level of gift and with brief descriptions of each donor are also provided. (JLS)
Descriptors: Business Administration, Colleges, Educational Finance, Endowment Funds, Higher Education, Investment, Money Management, National Surveys, Private Colleges, Public Colleges, Resource Allocation, Tables (Data), Universities
National Association of College and University Business Officers, One Dupont Circle, Suite 500, Washington, DC 20036-1178 ($55 members, $85 nonmembers).
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: N/A
Authoring Institution: Cambridge Associates, Inc., Boston, MA.; National Association for Humane and Environmental Education, East Haddam, CT.