Key facts

Reported value

USD 180.6 million

As of

May 31, 2026

Portfolio

Endowment net assets

Location

Thousand Oaks, CA

Spending policy

5% on the stated policy base

Data through FY2026

Balance reference

Endowment size and reporting scope

The USD 157.607 million survey balance belongs to the respondent named California Lutheran University. Donor-restricted resources can be invested beside funds designated by the governing board for long-term use. Each account retains its purpose and beneficiary. A pooled vehicle can also include reserves or other long-term money, which gives its market value a different scope from endowed net assets. Survey scope and definitions

The official USD 180.626 million figure and the FY2025 survey's USD 157.607 million describe their respective dates and reporting categories. The official balance retains its stated label, endowment net assets. Official financial scope

Source: NACUBO · Data through FY2026

The FY2025 survey value for California Lutheran University is USD 157.607 million, compared with USD 144.054 million for FY2024. The USD 13.553 million movement is 9.41% of the earlier balance. It includes changes in investments as well as additions and distributions. NACUBO explicitly distinguishes this change in market value from an investment rate of return. FY2025 respondent values and definitions

The available history begins in FY2016 at USD 91.724 million and ends in FY2025 at USD 157.607 million. The change across those observations is USD 65.883 million. The smallest reported balance in the displayed series is USD 91.724 million in FY2016; the largest is USD 157.607 million in FY2025. NACUBO historical workbook

Spending policy and payout

The FY2026 policy appropriates 5% of average endowment fair value over the twelve quarters through the December 31 preceding fiscal year-end. Appropriations were $6.910945 million in FY2026 and $6.652359 million in FY2025. Spending disclosure

Source: plts.callutheran.edu · Data through FY2026

Distribution report

For California Lutheran University, an appropriation can precede a beneficiary's expenditure. Its timing can differ from the cash expense recorded by the institution. Spending measures

Governance and investment office

The Board of Regents authorizes endowment expenditure under the university's investment and spending policies. Its FY2026 audit describes approximately 446 individual funds. Those funds retain donor restrictions or board designations even when invested together. Investment governance

Federal excise tax on investment income

Public Law 119-21 changed Section 4968 for tax years beginning after December 31, 2025. Applicable private institutions must have at least 3,000 tuition-paying students in the preceding tax year, with more than half located in the United States, and student-adjusted endowment of at least $500,000. The rates are 1.4% from $500,000 through $750,000 per student, 4% above $750,000 through $2 million, and 8% above $2 million. Enacted law, Section 70415

An institution's tax tier requires its statutory asset base, eligible student count and related-organization treatment. The survey's closing market value does not supply that calculation. No institution-specific rate is assigned without an institutional disclosure. A campus's enrollment in a public fact sheet can differ from the daily-average, full-time-equivalent count required by the law.

The tax is imposed on net investment income. Student-adjusted endowment uses prior-year fair values for assets other than those used directly for exempt purposes. The statute also contains student-count and related-organization provisions. A spending policy applies to an institution's chosen asset base, while the tax applies to investment income under federal rules.

FY2025 size-band comparison

The FY2025 survey value of USD 157.607 million places this respondent in the $100M to $250M band. The published band contains 154 respondents and USD 24.5 billion of aggregate assets. Its average five-year annualized net return is 9.6%, and its ten-year average is 7.4%. The size band uses the FY2025 NACUBO balance. NCSE size groups NCSE average net returns

Source: NACUBO · Data through FY2025

NCSE's allocation categories combine strategies with different liquidity and valuation practices. Its Alternatives group can include private capital, hedge funds and real assets. Matching that broad weight would not establish identical holdings. The displayed mix is a survey average, not this institution's target allocation. Published category weights are shown with an explicit rounding difference so the full bar totals 100%. NCSE allocation definitions

Public records and reporting dates

The ProPublica nonprofit API identifies the legal filer as California Lutheran University, EIN 952962604. Its available filing for the year ended May 31, 2023 reports total filer assets of USD 377.673 million, revenue of USD 178.849 million, expenses of USD 190.569 million. These are filer-wide amounts, which can include buildings, operating resources and other assets outside the endowment. The filing period is retained separately from the current investment disclosures. ProPublica structured filing data

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