Key facts

Reported value

USD 90.7 million

As of

June 30, 2025

Portfolio

Foundation endowment net assets

Location

Mankato, MN

Spending policy

4% approved for July 1, 2026

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 88.641 million survey balance belongs to the respondent named Minnesota State University Mankato Foundation. 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 reporting category needs to travel with the number. Survey scope and definitions

The official USD 90.721 million figure and the FY2025 survey's USD 88.641 million describe their respective dates and reporting categories. The official balance retains its stated label, foundation endowment net assets. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for Minnesota State University Mankato Foundation is USD 88.641 million, compared with USD 75.986 million for FY2024. The reported balance rose by USD 12.655 million, or 16.65%, 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

The available history begins in FY2016 at USD 51.018 million and ends in FY2025 at USD 88.641 million. The change across those observations is USD 37.623 million. The smallest reported balance in the displayed series is USD 51.018 million in FY2016; the largest is USD 88.641 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Asset allocation

Source: mankato.mnsu.edu · Data through FY2025

Investment mix in calendar-2025 investment report, period ended December 31, 2025. Allocation report

Spending policy and payout

The FY2025 audit records $2.484744 million of appropriations under the spending-rate policy and a separate $1.191675 million appropriation for administration fees. The chart excludes the latter fee deduction. The calendar-2025 investment report separately describes $2.626434 million distributed during that calendar year and a 4% spending rate approved for July 1, 2026. Its formula uses a 12-quarter rolling average, so the later policy and calendar-year distribution are distinct from the audited fiscal-year bar. Spending disclosure

Source: mankato.mnsu.edu · Data through FY2025

Distribution report

A distribution from an endowed account remains subject to that account's purpose. For Minnesota State University Mankato Foundation, the FY2025 asset figure alone cannot establish either the next approved draw or the part available for unrestricted operations. A policy based on several earlier valuations can produce a different dollar appropriation from a percentage of today's closing balance. The survey group's effective rate has its own measurement basis. Spending measures

Governance and investment office

The foundation's calendar-2025 investment report identifies Fund Evaluation Group as its investment partner. Its Investment Committee reviews strategy and adjustments. The audited policy seeks preservation of purchasing power over a seven-to-ten-year horizon, with an expected return objective stated separately from actual investment performance. 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.

Section 4968 taxes net investment income; the spending policy governs distributions.

FY2025 size-band comparison

The FY2025 survey value of USD 88.641 million places this respondent in the $50M to $100M band. The published band contains 96 respondents and USD 7.2 billion of aggregate assets. Its average five-year annualized net return is 10.1%, and its ten-year average is 7.5%. 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

The ProPublica nonprofit API identifies the legal filer as Minnesota State University Mankato Foundation Incorporated, EIN 416033423. Its available filing for the year ended June 30, 2024 reports total filer assets of USD 101.081 million, revenue of USD 16.316 million, expenses of USD 7.257 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
• Foundation endowments
• College of St. Scholastica
• Augsburg University
• National Louis University

Additional institutional disclosure