Key facts

Reported value

USD 437.1 million

As of

June 30, 2025

Portfolio

Endowment portfolio; returns on pooled investments

Location

Ithaca, NY

Spending policy

4.5% on the stated policy base

Management model

Outsourced chief investment officer

Data through FY2025

Balance reference

Endowment size and reporting scope

NACUBO lists Ithaca College under the NY respondent location. Its USD 437.069 million figure measures assets at the survey-year close. It is separate from a year's fundraising receipts or authorized distributions. Restrictions attach to individual funds even when their investments share a pooled vehicle. The reported balance does not establish how much the organization can spend on operations. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for Ithaca College is USD 437.069 million, compared with USD 403.196 million for FY2024. The USD 33.873 million movement is 8.40% 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 267.389 million and ends in FY2025 at USD 437.069 million. The change across those observations is USD 169.680 million. The smallest reported balance in the displayed series is USD 267.389 million in FY2016; the largest is USD 437.069 million in FY2025. The change in assets includes gifts and distributions as well as investment results. NACUBO historical workbook

Investment returns

Performance report

Fee basis: Net investment returns.

A trailing multi-year return is an annualized compound result over the period shown. The one-year figure covers the final year. These periods overlap, so their returns are not added. A published dollar investment gain can reflect accounting categories and cash flows that differ from the percentage performance calculation. Return definitions and reporting basis

Spending policy and payout

Ithaca's effective spending rate was 4.5% of the average quarterly fair value of its pooled investment portfolio for FY2025. That produced $16.1 million distributed for operations. The Board approves the annual rate one year in advance. The reported rate is retained with its averaging basis. Spending disclosure

Source: ithaca.edu · Data through FY2025

Distribution report

Distributions remain subject to each fund's donor restrictions. An appropriation authorizes support for those purposes; a beneficiary can use the cash in a later accounting period. Spending measures

Governance and investment office

The Finance and Investment Committee of Ithaca's Board of Trustees oversees the endowment. It retains an outsourced chief investment officer for pooled assets. The committee and OCIO monitor the portfolio with the university's senior finance officer. The public summary does not name an individual head of the investment office. 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.

Section 4968 uses statutory asset and student definitions, including related-organization rules.

FY2025 size-band comparison

The FY2025 survey value of USD 437.069 million places this respondent in the $250M to $500M band. The published band contains 102 respondents and USD 37.1 billion of aggregate assets. Its average five-year annualized net return is 10.0%, and its ten-year average is 7.6%. The size band uses the FY2025 NACUBO balance. NCSE size groups NCSE average net returns

Source: NACUBO · Data through FY2025

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 Ithaca College, EIN 150532204. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 849.516 million, revenue of USD 358.076 million, expenses of USD 321.971 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

Related reading

• Endowment directory
• Endowments by state
• Endowments by size
• College endowments
• Mercy University
• University of Victoria Foundation
• University of Maine Foundation