Key facts

Reported value

USD 131.5 million

As of

June 30, 2025

Portfolio

Foundation endowment net assets

Location

DeKalb, IL

Spending policy

4% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

NACUBO places Northern Illinois University Foundation in IL and reports USD 122.569 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 official USD 131.488 million figure and the FY2025 survey's USD 122.569 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 Northern Illinois University Foundation is USD 122.569 million, compared with USD 113.633 million for FY2024. The reported balance rose by USD 8.936 million, or 7.86%, 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 reported endowment changed from USD 66.508 million in FY2016 to USD 122.569 million in FY2025, a difference of USD 56.061 million. This series measures year-end assets after gifts and distributions. NACUBO historical workbook

Spending policy and payout

The audit states an annual spending allocation of 4% of the three-year average fund balance. Spending allocations were $3.658648 million in FY2025 and $3.208115 million in FY2024. Endowment administrative fees of $3.147655 million and $1.406558 million, respectively, were separate deductions. The displayed spending amounts exclude those fees. Spending disclosure

Source: foundation.myniu.com · Data through FY2025

Distribution report

For Northern Illinois University Foundation, the FY2025 balance does not establish an approved payout. Distributions retain each fund's donor restrictions. Spending measures

Governance and investment office

The NIU Foundation board adopts the endowment spending allocation and investment policies. The foundation administers gifts that legally belong to NIU under a services agreement, as well as its own endowed funds. Its audit states that ownership follows the gift instrument. Endowment spending and administrative fees appear separately in the roll-forward. 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 122.569 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

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 Northern Illinois University Foundation, EIN 366086819. Its available filing for the year ended June 30, 2024 reports total filer assets of USD 183.520 million, revenue of USD 19.215 million, expenses of USD 15.874 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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