ERIC Number: ED435331
Record Type: RIE
Publication Date: 1999
NACUBO Endowment Study, 1998.
Cambridge Associates, Inc., Boston, MA.
This report presents the results of a 1998 study of endowment assets of 509 higher education institutions, and is intended to allow administrators and trustees to evaluate the performance of their endowments and to acquaint them with the investment policies and practices of other higher education institutions. A brief abstract notes some highlights from the data prefaces the report. It is noted that endowment assets, which totaled $178.3 billion at fiscal year-end 1998, are highly concentrated; 31 institutions (6 percent of the total), each holding assets in excess of $1 billion, account for over 50 percent of total endowment assets. Part 1 of the study provides a brief commentary focusing on endowment characteristics, investment pool characteristics, and historical performance, as well as a discussion of results and notes on the data. Tables and data in Part 2 are organized in two parts; the first covers endowment characteristics, including endowment size, growth, and asset allocation; the second covers investment pool characteristics, and includes performance returns, asset allocation, management expenses, investment management structure by institution, and a list of custodians by institution. Appendixes include a glossary, descriptions of market indexes, and lists of participating institutions. A list of contributors and sponsors is included. (CH)
Descriptors: Educational Finance, Endowment Funds, Financial Policy, Financial Services, Fiscal Capacity, Higher Education, Income, Investment, Money Management, Private Colleges, Risk Management, Tables (Data), Trusts (Financial), Universities
National Association of College and University Business Officers, P.O. Box 362, Annapolis Junction, MD 20701-0362 ($94.95, nonmembers; $69.95, members). Tel: 301-362-8198.
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Sponsor: National Association of Coll. and Univ. Business Officers, Washington, DC.
Authoring Institution: Cambridge Associates, Inc., Boston, MA.
Note: For Executive Summary, see HE 031 552; for the 1995 study.