Key facts

Reported value

USD 46.1 million

As of

June 30, 2025

Portfolio

Endowment assets and funds functioning as endowment

Location

Auburndale, MA

Spending policy

5% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 46.143 million survey balance belongs to the respondent named Lasell University. Donor-restricted resources can be invested beside funds designated by the governing board for long-term use. Each account retains its purpose and beneficiary. A pooled vehicle can also include reserves or other long-term money, which gives its market value a different scope from endowed net assets. The survey balance and any broader investment-pool value are reported separately. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for Lasell University is USD 46.143 million, compared with USD 44.809 million for FY2024. The USD 1.334 million movement is 2.98% 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 39.099 million and ends in FY2025 at USD 46.143 million. The change across those observations is USD 7.044 million. The smallest reported balance in the displayed series is USD 36.701 million in FY2023; the largest is USD 48.951 million in FY2021. The displayed observations are year-end asset balances. NACUBO historical workbook

Spending policy and payout

Lasell applies a board-approved percentage to the average market value at the previous three fiscal year-ends. The rate was 5% in FY2025 and FY2024. The board also approved 5% for FY2026, approximately $1.945 million. FY2025 appropriations included $2,054,926 for operations and other purposes plus a separate $6 million special appropriation, totaling $8,054,926. Spending disclosure

Source: lasell.edu · Data through FY2025

Distribution report

For Lasell University, a closing survey balance and an annual appropriation answer different questions. The survey records how much was held at the reporting date. A spending formula determines support using the valuations specified in that policy. A beneficiary can also spend an approved distribution in a later period. This timing can separate the institution's appropriation from the cash recorded as an expense. Spending measures

Governance and investment office

The Investment Subcommittee of the Board of Trustees authorizes major investment decisions. The financial statements separately identify regular operating appropriations and special endowment appropriations, so the total draw includes more than the normal formula distribution. 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.

These rates apply to net investment income. Statutory student counts and related-organization rules govern the calculation.

FY2025 size-band comparison

The FY2025 survey value of USD 46.143 million places this respondent in the Under $50M band. The published band contains 76 respondents and USD 2.4 billion of aggregate assets. Its average five-year annualized net return is 10.0%, and its ten-year average is 7.5%. The size band uses the FY2025 NACUBO balance. 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 displayed mix is a survey average, not this institution's target 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 Lasell University, EIN 042103585. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 119.808 million, revenue of USD 78.954 million, expenses of USD 92.945 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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