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 a number of annual research studies including The NACUBO-Commonfund Study of Endowments, the Council on Foundations-Commonfund Study of Investments for Private & Community Foundations and the Commonfund Benchmarks Studies®, which are comprehensive Benchmarks Study surveys of financial, governance and policy practices at operating charities and health care institutions.

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

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