Key facts

Reported value

USD 85.5 million

As of

June 30, 2025

Portfolio

College endowment funds

Location

Valhalla, NY

Spending policy

5% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

For New York Medical College, the FY2025 survey records assets of USD 85.457 million. This is a closing asset balance. New gifts, investment results and distributions can all change it during the year. The respondent may hold endowed funds directly or through an affiliated organization. Restrictions attached to those funds continue to govern their use after they are invested together. Total institutional assets can also include buildings and operating resources. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for New York Medical College is USD 85.457 million, compared with USD 81.415 million for FY2024. The reported balance rose by USD 4.042 million, or 4.96%, 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 73.778 million and ends in FY2025 at USD 85.457 million. The change across those observations is USD 11.679 million. The smallest reported balance in the displayed series is USD 68.155 million in FY2022; the largest is USD 85.457 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Spending policy and payout

The board authorizes a 5% spending rate on the moving-average fair value of endowment investments over the previous 20 quarters. Appropriations were $3.633 million in FY2025 and $3.551 million in FY2024. The next year's approved appropriation appears in the liquidity note as a separate forward-looking amount. The chart retains the amounts actually recorded in the endowment roll-forward. Spending disclosure

Source: nymc.edu · Data through FY2025

Distribution report

For New York Medical College, 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 college's Board of Trustees authorizes endowment spending and establishes investment policy. Substantially all investments participate in pools managed for long-term return and program funding. The audit explains donor restrictions and limits on using appreciation. Pension-plan investments are accounted for separately from these endowment resources. 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 taxes net investment income; the spending policy governs distributions.

FY2025 size-band comparison

The FY2025 survey value of USD 85.457 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

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 $50M to $100M 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 New York Medical College, EIN 131099420. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 328.447 million, revenue of USD 117.885 million, expenses of USD 121.304 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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