Key facts

Reported value

USD 135.7 million

As of

June 30, 2025

Portfolio

Foundation endowment pool including fiduciary funds

Location

Tallahassee, FL

Spending policy

4.5% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

For Florida Agricultural and Mechanical University, the FY2025 survey records assets of USD 135.683 million. This is a closing asset balance. New gifts, investment results and distributions can all change it during the year. The respondent may hold endowed funds directly or through an affiliated organization. Restrictions attached to those funds continue to govern their use after they are invested together. Total institutional assets can also include buildings and operating resources. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for Florida Agricultural and Mechanical University is USD 135.683 million, compared with USD 124.141 million for FY2024. The USD 11.542 million movement is 9.30% 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 113.117 million and ends in FY2025 at USD 135.683 million. The change across those observations is USD 22.566 million. The smallest reported balance in the displayed series is USD 95.635 million in FY2020; the largest is USD 135.683 million in FY2025. NACUBO historical workbook

Asset allocation

Source: famu.edu · Data through FY2025

Investment policy target allocation in FY2025 foundation audit. Allocation report

The displayed weights are policy targets. Actual positions can differ because of valuation changes, capital calls and the timing of rebalancing. The target allocation is a decision about the intended portfolio, while actual holdings describe investments at a date.

Spending policy and payout

FAMU Foundation's spending policy totals 4.5%, comprising 3% for beneficiary spending and a 1.5% administrative fee. It uses the preceding twelve quarters' average market value. Appropriations were $4.867912 million in FY2025 and $4.536925 million in FY2024, including the fiduciary funds identified in the audit. Spending disclosure

Source: famu.edu · Data through FY2025

Distribution report

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

Governance and investment office

The Foundation Board's Investment Committee develops policy with an independent investment adviser and employs professional investment managers. The audit describes combined investment of endowed funds while retaining separate reporting for fiduciary beneficiaries. The published target weights are policy guidelines, separate from actual holdings. 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

Section 4968 excludes state colleges and universities described in Section 511(a)(2)(B). Supporting foundations retain their own legal and filing identities, with related-organization rules read alongside the public-university exclusion. A foundation's public endowment value does not, by itself, assign it a private-college tax tier.

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.

FY2025 size-band comparison

The FY2025 survey value of USD 135.683 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

NACUBO's respondent is Florida Agricultural and Mechanical 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
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• Garrett-Evangelical Theological Seminary
• Juniata College