Key facts

Reported value

USD 133.1 million

As of

June 30, 2025

Portfolio

Foundation endowment net assets

Location

Kennesaw, GA

Spending policy

4% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

NACUBO places Kennesaw State University in GA and reports USD 133.101 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 FY2025 survey value for Kennesaw State University is USD 133.101 million, compared with USD 119.180 million for FY2024. The reported balance rose by USD 13.921 million, or 11.68%, from FY2024. 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

Spending policy and payout

For FY2025 and FY2024, the foundation's policy appropriated up to 4% of the average fair value over the last 12 rolling quarters at the preceding calendar year-end, adjusted on a sliding scale based on fund value. Actual appropriations were $3.620135 million and $2.716312 million. These appropriations retain their audited labels. Spending disclosure

Source: kennesaw.edu · Data through FY2025

Distribution report

For Kennesaw State 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

Kennesaw State University Foundation publishes its consolidated audit separately from the university's annual financial report. Its board governs investment and spending policy for the foundation's endowment. Donor-restricted assets are invested in an endowment pool until allocated for spending, with each fund retaining the terms of its gift. 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.

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 133.101 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%. 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 chart shows the FY2025 NCSE $100M to $250M group's average 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 Kennesaw State University Foundation Inc, EIN 237034345. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 500.639 million, revenue of USD 59.128 million, expenses of USD 52.901 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

The respondent's rank of 449 describes its place in this participating-institution table. The list includes campuses, systems and affiliated organizations. It is not a ranking of investment skill or dollars available for unrestricted use. A year-end size comparison keeps the same fiscal-year reference across respondents. Newer official balances can provide more recent information while leaving that historical ranking intact. Survey participation and ranking

Related reading

• Endowment directory
• Endowments by state
• Endowments by size
• University endowments
• Georgia Southern University Foundation
• Columbus State University Foundation
• Illinois College