Written by Emily Lowman.
NC State participates annually in the NACUBO-TIAA Study of Endowments. This study includes institutions from across the nation and provides a basis for benchmarking endowment performance across institutions. The results from the 2022 Study of Endowments were recently released. A summary of NC State’s performance benchmarked against other study participants is available on FAI’s website.
NC State and its Associated Entities achieved an endowment market value of $2.02 billion at June 30, 2022. This ranks NC State’s endowment as the 69th largest out of the 689 institutions that responded to the study. This is an improvement over the prior year’s ranking of 73rd largest. Among public institutions, NC State’s endowment ranked as the 27th largest.
NC State’s endowment boasted top decile investment performance, with an average annual return of 2.0% for fiscal year 2022. At 2.0%, NC State’s investment performance was higher than the average one-year return of -8.16% for all public universities. The average one-year return for all institutions (public and private) was -7.96%.
Of the top 100 largest institutional endowments, only eight had a higher rate of growth in endowment market value than NC State. Of the five highly endowed institutions in North Carolina, NC State had the most significant growth in market value for 2022; the endowment grew by 3.7%.