Key facts

Reported value

USD 9.4 million

As of

May 31, 2025

Portfolio

University and Foundation endowment

Location

Kirkland, WA

Spending policy

4.5% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 9.368 million survey balance belongs to the respondent named Northwest 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. These figures cover different asset categories. Survey scope and definitions

The FY2025 survey value for Northwest University is USD 9.368 million, compared with USD 11.784 million for FY2024. The USD -2.416 million movement is -20.50% 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

Spending policy and payout

The policy appropriates 4.50% of average fair value over the prior 36 months through fiscal year-end. Actual FY2025 appropriations were USD 3.362 million, including the separate board-designated draw. FY2024 appropriations were USD 0.324 million. These reported dollar flows should not be confused with the normal policy percentage. Spending disclosure

Source: northwestu.edu · Data through FY2025

Distribution report

For Northwest 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 consolidated statements cover Northwest University and Northwest University Foundation. They distinguish endowed resources by donor restriction and board designation. The university's policy suspends spending on deficient endowments until corpus recovers. No such deficiencies were reported at May 31, 2025 or 2024. 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.

The tax applies to net investment income. Statutory student counts and related-organization rules govern its calculation.

FY2025 size-band comparison

The FY2025 survey value of USD 9.368 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 Northwest University, EIN 910615846. Its available filing for the year ended May 31, 2023 reports total filer assets of USD 62.607 million, revenue of USD 48.947 million, expenses of USD 50.517 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

The respondent's rank of 671 describes its place in this participating-institution table. The list includes campuses, systems and affiliated organizations. It is not a ranking of investment skill or dollars available for unrestricted use. A year-end size comparison keeps the same fiscal-year reference across respondents. Newer official balances can provide more recent information while leaving that historical ranking intact. Survey participation and ranking

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