Key facts

Reported value

CAD 1.06 billion

As of

March 31, 2026

Portfolio

University endowment assets

Location

Halifax, NS

Data through FY2026

Balance reference

Endowment size and reporting scope

The reporting scope for Dalhousie University is the respondent identified in NACUBO's table. Its USD 747.301 million FY2025 balance is USD 53.083 million above FY2024. A percentage investment result requires the institution's own performance calculation, with its cash-flow treatment and fee basis. Survey scope and definitions

The official CAD 1,065.000 million figure and the FY2025 survey's USD 747.301 million describe their respective dates and reporting categories. The official balance retains its stated label, endowment asset market value, rounded official value. A change in currency, period or included accounts can produce a different total; the figures are presented separately. Official financial scope

Source: NACUBO · Data through FY2026

The FY2025 survey value for Dalhousie University is USD 747.301 million, compared with USD 694.218 million for FY2024. The USD 53.083 million movement is 7.65% 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 413.734 million and ends in FY2025 at USD 747.301 million. The change across those observations is USD 333.567 million. The smallest reported balance in the displayed series is USD 413.734 million in FY2016; the largest is USD 747.301 million in FY2025. These are closing asset values. They do not show how much of a year's movement came from new gifts, spending or investment results. NACUBO historical workbook

The survey expresses Canadian institutions' balances in U.S. dollars using the conversion conventions stated in the workbook. Exchange-rate movements can affect changes between fiscal years. The official Canadian-dollar balance elsewhere on this page retains its own currency and fiscal date. The U.S. historical values are not spliced into a Canadian-dollar line.

Spending policy and payout

The FY2026 management analysis reports CAD 41.9 million of endowment revenue supporting faculty and unit costs. That is an annual support measure, distinct from the CAD 1.065 billion market value. Individual fund terms govern the activities benefiting from these resources. Spending disclosure

Source: cdn.dal.ca · Data through FY2026

Distribution report

The Dalhousie University chart uses the institution's stated FY2026 support measure of CAD 41.900000 million. That annual flow is shown separately from the closing asset balance. A department's eventual expenditure can occur after an allocation or appropriation, and donor purposes continue to govern how the support is used. Spending measures

Governance and investment office

Dalhousie publishes audited financial statements and investment-committee reports for its endowment and other investment funds. Endowment accounts preserve individual donor purposes. The pension and retiree trust funds have separate beneficiaries and are not added to the endowment value. 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

Dalhousie University is a Canadian institution. The U.S. private-college schedule does not classify its Canadian endowment as a U.S. private-college portfolio. Its Canadian fiscal-year balance and the survey's U.S.-dollar conversion also use different currency conventions. No U.S. institution-specific tier is assigned here.

A tax rate on net investment income has a different denominator from an endowment payout rate. Section 4968 uses prior-year assets other than those used directly for exempt purposes and specifies how students are counted. Related organizations can affect the calculation. Headline assets divided by a fall enrollment figure do not reproduce every statutory step.

Reporting comparisons

The U.S. NCSE size-band averages are based on U.S. respondents. This Canadian institution is outside those published comparison groups. The historical dollar series above follows NACUBO's conversion convention; a Canadian investment return follows its stated portfolio currency and fiscal year-end. An April or March reporting period does not match the U.S. June 30 endpoint. Currency and date alignment are needed before comparing percentage performance. NCSE universe and return periods

Public records and reporting dates

NACUBO's respondent is Dalhousie University. Annual financial statements and any nonprofit return can cover a different legal entity or a wider group of resources. A university, a supporting foundation and an investment pool can each report its own assets. Total organizational assets also include resources outside the endowment, and the tax-return accounting period can differ from the survey's reporting year. Those distinctions govern how public records are compared. Respondent identity

Related reading

• Endowment directory
• Endowments by state
• Endowments by size
• University endowments
• Quinnipiac University
• Whitehead Institute for Biomedical Research
• Duquesne University