NACUBO Endowment Study, 1995.
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| Title: | NACUBO Endowment Study, 1995. |
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| Language: | English |
| Authors: | Cambridge Associates, Inc., Boston, MA. |
| Availability: | National Association of College and University Business Officers, One Dupont Circle, Suite 500, Washington, DC 20036 ($60 members; $85 non-members). |
| Peer Reviewed: | N |
| Page Count: | 476 |
| Publication Date: | 1996 |
| Sponsoring Agency: | National Association of Coll. and Univ. Business Officers, Washington, DC. |
| Intended Audience: | Policymakers; Administrators; Practitioners |
| Document Type: | Numerical/Quantitative Data Reports - Research |
| Descriptors: | Colleges, Donors, Educational Finance, Endowment Funds, Financial Policy, Financial Services, Fiscal Capacity, Higher Education, Income, Inflation (Economics), Investment, Money Management, Private Colleges, Risk Management, Trusts (Financial), Universities |
| Geographic Terms: | U.S.; District of Columbia |
| ISSN: | 1067-8301 |
| Abstract: | This report presents the results of the 1995 study of the performance and management of college and university endowments, based on 394 institutions providing data. A summary abstract provides an overview of performance and investment data; and Part 1 of the study provides a brief commentary covering endowment characteristics, historical performance data, and terminology used. The exhibits in Part 2 are divided into two sections. In the first section, 12 exhibits cover general endowment characteristics, including: first, asset values, institution type, ranked by type of institution and by full-time equivalent student, and type of endowment; second, growth (versus market indexes), withdrawals, payout rates, spending rates and rules, and gift flow rates; and third, asset allocation structure. The larger second section of Part 2 provides data on the investment pool including: (1) dollars of assets; (2) performance measures by institution, by institution rank, returns (by various measures: nominal, real, average, cumulative); (3) asset allocation structure; (4) investment management and custodial expenses; (5) investment managers, by institution, and custodians. Appendix A is a glossary of terms; Appendix B defines various standard market indices. Also appended to the report is a list of contributors, sponsors, and associates. A separate formal acknowledgement booklet listing contributors to the study by level of gift accompanies the report. (CH) |
| Notes: | For the 1992 edition, see ED 354 811. |
| Journal Code: | RIEMAY1997 |
| Entry Date: | 1997 |
| Accession Number: | ED402887 |
| Database: | ERIC |
| Abstract: | This report presents the results of the 1995 study of the performance and management of college and university endowments, based on 394 institutions providing data. A summary abstract provides an overview of performance and investment data; and Part 1 of the study provides a brief commentary covering endowment characteristics, historical performance data, and terminology used. The exhibits in Part 2 are divided into two sections. In the first section, 12 exhibits cover general endowment characteristics, including: first, asset values, institution type, ranked by type of institution and by full-time equivalent student, and type of endowment; second, growth (versus market indexes), withdrawals, payout rates, spending rates and rules, and gift flow rates; and third, asset allocation structure. The larger second section of Part 2 provides data on the investment pool including: (1) dollars of assets; (2) performance measures by institution, by institution rank, returns (by various measures: nominal, real, average, cumulative); (3) asset allocation structure; (4) investment management and custodial expenses; (5) investment managers, by institution, and custodians. Appendix A is a glossary of terms; Appendix B defines various standard market indices. Also appended to the report is a list of contributors, sponsors, and associates. A separate formal acknowledgement booklet listing contributors to the study by level of gift accompanies the report. (CH) |
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| ISSN: | 1067-8301 |
