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Loyola University of Chicago: endowment and investment office
Loyola University of Chicago reports USD 1.17 billion in endowment net assets for June 30, 2025. Balance source
Loyola Chicago's FY2025 endowment roll-forward reports $1,167.824 million at June 30, 2025. The endowment is part of a larger long-term investment portfolio. The audit separately identifies interests held in perpetual trusts and other invested assets, which explains why different endowment-related totals can have different scopes. Official report
Key facts
- Reported value
- USD 1.17 billion
- As of
- June 30, 2025
- Portfolio
- Endowment net assets
- Location
- Chicago, IL
- Spending policy
- 5% maximum budgeted rate, unless separately approved
Endowment size and reporting scope
An endowment can contain many individual accounts with different donor purposes. Investing them together changes how assets are managed, while the accounts continue to record each beneficiary's interest. The market value of a pooled vehicle can also include reserves or other long-term funds. An endowment balance, a managed pool and total organizational assets can consequently differ even when all figures are reported accurately. Survey scope and definitions
The official USD 1,167.824 million figure and the FY2025 survey's USD 1,176.972 million describe their respective dates and reporting categories. The official balance retains its stated label, endowment net assets. A change in currency, period or included accounts can produce a different total; the figures are presented separately. Official financial scope
| Fiscal year | Survey endowment, USD millions |
|---|---|
| FY2016 | 535.117 |
| FY2017 | 595.819 |
| FY2018 | 643.806 |
| FY2019 | 692.166 |
| FY2020 | 710.905 |
| FY2021 | 944.731 |
| FY2022 | 892.934 |
| FY2023 | 971.551 |
| FY2024 | 1,060.033 |
| FY2025 | 1,176.972 |
The FY2025 survey value for Loyola University of Chicago is USD 1,176.972 million, compared with USD 1,060.033 million for FY2024. The USD 116.939 million movement is 11.03% 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 535.117 million and ends in FY2025 at USD 1,176.972 million. The change across those observations is USD 641.855 million. The smallest reported balance in the displayed series is USD 535.117 million in FY2016; the largest is USD 1,176.972 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
Asset allocation
| Published category | Weight |
|---|---|
| Global equity | 45% |
| Private capital | 20% |
| Opportunistic investments | 5% |
| Marketable alternatives | 20% |
| Fixed income | 10% |
Targets for endowment and long-term investment portfolio at June 30, 2025. 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
Loyola uses a total-return-linked policy intended to maintain endowment value in real terms while supporting current needs. The statements distinguish its endowment account from the broader long-term investment portfolio and report their asset categories separately. Spending disclosure
| Fiscal year | Endowment income distributed for operating purposes, USD millions |
|---|---|
| FY2025 | 35.875 |
A policy percentage and a budget-support percentage use different denominators. The first applies to the policy's asset base; the second compares endowment support with the institution's revenue or expenditure. Gifts for a specific scholarship or program also limit how its distribution can be used. Pooled investment management does not turn restricted support into money available for any operating purpose. Spending measures
Governance and investment office
The university's investment guidelines call for liquidity sufficient to meet spending draws and investment funding requirements. Allocation targets apply to the endowment and long-term portfolio specified in the audit. The targets describe policy exposures rather than an unrestricted cash balance. 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 These rates apply to net investment income, using the law's prior-year asset and student-count definitions.
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.
FY2025 size-band comparison
The FY2025 survey value of USD 1,176.972 million places this respondent in the $1B to $5B band. The published band contains 125 respondents and USD 268.0 billion of aggregate assets. Its average five-year annualized net return is 10.8%, and its ten-year average is 8.0%. The size classification follows the survey-year balance even where an official disclosure on this page uses a later year or a different portfolio scope. NCSE size groups NCSE average net returns
| NCSE measure | FY2025 average |
|---|---|
| One-year net return | 11% |
| Five-year annualized net return | 10.8% |
| Ten-year annualized net return | 8.0% |
| Effective spending rate | 4.5% |
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 Loyola University Of Chicago, EIN 361408475. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 2,487.526 million, revenue of USD 992.738 million, expenses of USD 913.232 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
Sources
- https://www.luc.edu/media/lucedu/finance/pdfs/fy25_financial_statements.pdf
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Endowment-Market-Values-for-US-and-Canadian-Institutions-FINAL.xlsx
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/research/Final-Endowment-Market-Values--2023-to-1974-Revised.xlsx
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Public-Tables--Spending-Rates-FINAL.pdf
- https://www.congress.gov/119/plaws/publ21/PLAW-119publ21.pdf
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Public-Tables--Number-of-NCSE-Participants-FINAL.pdf
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Public-Tables--10-Year-Returns-by-Size-and-Type-FINAL.pdf
- https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Public-Tables--Summary-Asset-Allocations-FINAL.pdf
- https://projects.propublica.org/nonprofits/api/v2/organizations/361408475.json
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