Commonfund Institute

Commonfund Institute is dedicated to the advancement of investment knowledge and the promotion of best practices in financial management.


The Institute provides the nonprofit community with professional development programs to  advance investment knowledge and promote best practices in financial management through the following programs:

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Higher Education Price Index (HEPI)

The Commonfund Higher Education Price Index (HEPI) is an inflation index designed specifically to track the main cost drivers in higher education. It is an essential planning tool for educational managers, helping schools to understand the future budget and funding increases required to maintain real purchasing power. HEPI is issued annually by Commonfund Institute and is distributed free of charge to educational institutions.

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Commonfund Benchmarks Studies

Commonfund conducts annual research studies including the Commonfund Benchmarks Study® of Independent Schools (CSIS), the Council on Foundations-Commonfund Study of Investment of Endowments for Private & Community Foundations (CCSF) and the Commonfund Benchmarks Study® of Healthcare Organizations (CSHO).  These surveys detail the financial, governance and policy practices and trends at U.S. nonprofit institutions.

Together these reports represent the most comprehensive and authoritative research into the investment practices of some of America's leading nonprofit institutions. The results of the CSIS, CCSF and the CSHO are made available to the nonprofit community as part of the Institute’s educational mission.

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