Key facts

Reported value

USD 131.7 million

As of

June 30, 2025

Portfolio

Foundation endowment net assets

Location

Portland, OR

Spending policy

1% to 4% of the stated 12-quarter average

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 127.513 million survey balance belongs to the respondent named Portland State University 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. Survey scope and definitions

The official USD 131.661 million figure and the FY2025 survey's USD 127.513 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 Portland State University Foundation is USD 127.513 million, compared with USD 115.160 million for FY2024. The reported balance rose by USD 12.353 million, or 10.73%, 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 80.341 million in FY2019 to USD 127.513 million in FY2025, a difference of USD 47.172 million. This series measures year-end assets after gifts and distributions. NACUBO historical workbook

Investment returns

Performance report

A trailing multi-year return is an annualized compound result over the period shown. The one-year figure covers the final year. These periods overlap, so their returns are not added. A published dollar investment gain can reflect accounting categories and cash flows that differ from the percentage performance calculation. Return definitions and reporting basis

Asset allocation

Source: psuf.org · Data through FY2025

Reported actual allocation as of June 30, 2024, in the FY2025 endowment report. Allocation report

Spending policy and payout

The foundation's stated annual appropriation range is 1% to 4% of average fair value over the prior 12 quarters through March 31 of the current fiscal year. The Board of Trustees appropriated $3.476065 million in FY2025 and $3.122716 million in FY2024. Administrative assessments are explained separately in the audit. Spending disclosure

Source: psuf.org · Data through FY2025

Distribution report

For Portland State 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 foundation's Board of Trustees approves endowment appropriations. Its financial statements apply Oregon's prudent-management framework to donor restrictions and explain how the endowment accounts support scholarships, faculty and research. Split-interest agreements and other adjustments also appear in the endowment 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.

The tax is imposed on net investment income. Student-adjusted endowment uses prior-year fair values for assets other than those used directly for exempt purposes. The statute also contains student-count and related-organization provisions. A spending policy applies to an institution's chosen asset base, while the tax applies to investment income under federal rules.

FY2025 size-band comparison

The FY2025 survey value of USD 127.513 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

Institution fee treatment is unspecified in the cited performance disclosure. NCSE reports net of external management fees and expenses. These fee bases can affect the comparison.

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 Portland State University Foundation, EIN 930619733. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 174.385 million, revenue of USD 38.663 million, expenses of USD 27.254 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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