NACUBO and TIAA Study of Endowments

February 2022

Since 2018, the National Association of College and University Business Officers (NACUBO) and TIAA have jointly produced an annual study on higher education endowment and foundation investment performance and governance. The NACUBO-TIAA Study of Endowments (NTSE) is a natural outgrowth of the longstanding relationship between TIAA and NACUBO, both of which are dedicated to enhancing the financial sustainability of our nation’s colleges and universities. The 2021, 2020 and 2019 endowment summary results are accessible to the right. For the 2021, 2020, 2019 and 2018 full studies, please visit NACUBO’s website.