Highlights of the 2003 NACUBO Endowment Study Education
NACUBO is the National Association of College and University Business Officers, representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. The annual NACUBO Endowment Study provides important information for evaluating the performance and management of institutional endowments. The study is the primary source of institutional endowment data in the U.S., providing a number of benchmarks for performance, asset allocations, spending policies, and other factors. The study is used by college and university officers to compare their policies and performance against peers, as well as by analysts in various other sectors. This article provides an overview of the 2003 study as well as an analysis of performance and trends in asset allocation over the past decade.