Benchmark Studies

About the NACUBO - Commonfund Study of Endowments and the Commonfund Benchmarks Studies^®

In 2009, the National Association of College and University Business Officers (NACUBO) and Commonfund Institute combined their respective endowment studies to create the NACUBO-Commonfund Study of Endowments (NCSE). The Commonfund Institute also conducts its own comprehensive Benchmarks Study surveys of financial, governance and policy practices at foundations, operating charities and health care institutions. The results of the NCSE and the Benchmarks Studies are made available to the nonprofit community as part of the Institute’s educational mission.

How to Order
To order a copy click on the following link cf_orders@cfund.org.

NACUBO - Commonfund Study of Endowments (NCSE) 2010 (FY2010)
850 Institutions 542 Private college and university endowments 73 Public educational endowments 176 Institution-related foundations (IRF) 59 Combined public endowments/foundations $346 billion in assets 60 institutions over 1 billion 66 institutions between $501 million - $1 billion 226 institutions between $101 - $500 million 169 institutions between $51 - $100 million 145 institutions between $25 – $50 million 184 institutions under $25 million Topics covered: Returns and Investment Objectives Asset Allocation and Rebalancing Investment Policies Social Investing Spending Gifts Debt Fund Flows Resources Management Governance
Foundations Report 2011 (FY 2010)**
175 Institutions 135 Independent/ Private Foundations 40 Community Foundations $108 billion in assets 19 institutions over $1 billion 20 institutions between $501 million - $1 billion 107 institutions between $101 - $500 million 29 institutions under $101 million Topics covered: Performance - one, three, five and ten years Returns and Investment Objectives Asset Allocation, Investment Policies and Restrictions and Rebalancing Debt Donor Stock Fund Flows Resources, Management and Governance
Operating Charities Report 2011 (FY 2010)**
5th Annual Report exclusively for Operating Charities FY2004 - FY2006 operating charities were included together with charitable foundations 69 Participating Operating Charities 32 Cultural 28 Religious 9 Social Service $20 billion in assets represented Topics covered: Performance - one, three, five and ten years Returns and Investment Objectives Asset Allocation, Investment Policies and Restrictions and Rebalancing Debt Donor Stock Fund Flows Resources, Management and Governance
Healthcare Institutions Report 2010 (FY 2009)**
85 Institutions $903 million average total investable assets 22 institutions over $1 billion 22 institutions between $501 million - $1 billion 20 institutions between $251 million - $500 million 21 institutions under $251 million Topics covered: Performance - one, three and five years Asset Allocation and Rebalancing Debt Gifts & Donations Resources, Management and Governance

** Fiscal Year reporting data - Investment returns for all participating institutions are reported for the period ending December 31