Last modified: Friday, February 1, 2013
Indiana University endowment among top 20 publics in nation
FOR IMMEDIATE RELEASE
Feb. 1, 2013
BLOOMINGTON, Ind. -- Indiana University ranks 16th in the nation among public universities in the market value of its endowment, according to the National Association of College and University Business Officers-Commonfund Study of Endowments released today. The annual study gathered data from 831 U.S. colleges and universities for fiscal year 2012.
Of the 69 colleges and universities with endowments of $1 billion or more, 52 experienced a decrease in the market value of their endowments. As of June 30, 2012, the market value of IU's endowment totaled $1.57 billion, up 0.1 percent from fiscal year 2011. Endowment growth is affected by return on investments, by gifts added to the endowment and by distributions made from the endowment.
"Our consistently strong ranking reflects both prudent management and the generosity of our devoted friends and alumni," said Dan Smith, president and CEO of the Indiana University Foundation, which manages the endowment. "In such challenging economic times, we credit the Investment Committee of our Board of Directors and our investment staff with careful planning and a strategic, long-term focus, which will continue to provide vital support for the university for generations to come."
Founded in 1936, the IU Foundation is dedicated to maximizing private-sector support for Indiana University by conducting fundraising campaigns and programs, investing the endowment and providing the centralized infrastructure and services that support these efforts. Designated as the university's central fundraising agency, the foundation partners with and serves all campuses of IU.
The Top 20 public universities and the value of their endowments, as listed by the NACUBO-Commonfund Study of Endowments (in thousands of dollars):
- University of Texas System -- $18,263,850
- University of Michigan -- $7,691,052
- Texas A&M University -- $7,638,555
- University of California -- $5,962,906
- University of Virginia -- $4,788,852
- University of Pittsburgh -- $2,618,436
- University of Minnesota -- $2,494,050
- Ohio State University -- $2,366,033
- University of North Carolina at Chapel Hill -- $2,179,177
- University of Washington -- $2,111,332
- Purdue University -- $1,916,968
- University of Wisconsin -- $1,812,056
- Pennsylvania State University -- $1,779,958
- University of Illinois -- $1,667,397
- Georgia Institute of Technology -- $1,608,248
- INDIANA UNIVERSITY -- $1,576,615
- Michigan State University -- $1,407,483
- University of California, Los Angeles -- $1,331,408
- University of Florida -- $1,263,277
- University of Nebraska -- $1,215,402
For more information on the NACUBO-Commonfund Study of Endowments, visit the websites of the National Association of College and University Business Officers or the Commonfund Institute.