Key facts

Reported value

USD 178.3 million

As of

June 30, 2026

Portfolio

Endowment net assets

Location

Columbus, OH

Spending policy

6% on the stated policy base

Data through FY2026

Balance reference

Endowment size and reporting scope

NACUBO places Capital University in OH and reports USD 155.216 million in FY2025. The respondent's name defines the unit being compared across the survey columns. A campus, supporting foundation and investment pool can each publish financial information, and their totals can differ. Permanent gifts and board-designated resources also have different spending permissions. The balance therefore describes the reported assets at a date, with no assumption that all of them are available for general operations. Survey scope and definitions

The official USD 178.266 million figure and the FY2025 survey's USD 155.216 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 Capital University is USD 155.216 million, compared with USD 140.718 million for FY2024. The USD 14.498 million movement is 10.30% 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 71.503 million and ends in FY2025 at USD 155.216 million. The change across those observations is USD 83.713 million. The smallest reported balance in the displayed series is USD 71.503 million in FY2016; the largest is USD 155.216 million in FY2025. NACUBO historical workbook

Spending policy and payout

Capital's board-established spending rate was 6% in FY2026. The FY2025 base rate was 4.5%, with an additional 1.5% authorized for certain operating-support accounts. Endowment appropriations for operating expenditure were $7.403705 million in FY2026 and $5.854744 million in FY2025. Spending disclosure

Source: capital.edu · Data through FY2026

Distribution report

For Capital University, the FY2025 balance does not establish an approved payout. Distributions retain each fund's donor restrictions. Spending measures

Governance and investment office

The FY2025 respondent is Capital University, located in Columbus, OH. NACUBO classifies it as a private university or college endowment. The survey does not identify a current investment-office head. 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.

Annual support and federal tax measure different flows. A 5% spending rule, where an institution uses one, does not imply a 5% income-tax rate. The law's student-adjusted asset measure excludes assets used directly for exempt purposes and incorporates related-organization rules. Individual tax treatment follows that statutory calculation and the institution's own circumstances.

FY2025 size-band comparison

The FY2025 survey value of USD 155.216 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

The peer mix describes average reported exposures within one size band. It does not reveal individual securities or the availability of cash at a particular institution. Respondents can also use different policy benchmarks. NCSE returns are net of external management fees and expenses for periods ending June 30, 2025; those periods and fee labels govern any numerical return comparison on this page. NCSE allocation definitions

Public records and reporting dates

The ProPublica nonprofit API identifies the legal filer as Capital University, EIN 314379435. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 294.859 million, revenue of USD 125.146 million, expenses of USD 131.429 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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