Key facts

Reported value

USD 76.8 million

As of

June 30, 2025

Portfolio

Foundation pooled endowment

Location

Rohnert Park, CA

Spending policy

4% of five-year average at December 31

Management model

Outsourced investment office, Graystone Consulting

Data through FY2025

Balance reference

Endowment size and reporting scope

For Sonoma State University Foundation, the FY2025 survey records assets of USD 76.792 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 Sonoma State University Foundation is USD 76.792 million, compared with USD 70.467 million for FY2024. The reported balance rose by USD 6.325 million, or 8.98%, 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 44.020 million and ends in FY2025 at USD 76.792 million. The change across those observations is USD 32.772 million. The smallest reported balance in the displayed series is USD 44.020 million in FY2016; the largest is USD 76.792 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Investment returns

Performance report

Fee basis: Net of investment fees.

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: foundation.sonoma.edu · Data through FY2025

Reported actual endowment asset allocation at June 30, 2025. Allocation report

Spending policy and payout

The FY2025 report states a 4% distribution policy based on the five-year rolling average of endowment market value at December 31. Fall 2024 distributions were USD 2.182399 million. The administrative-fee component in the return objective is separate from the distribution policy. Spending disclosure

Source: NACUBO · Data through FY2025

A distribution from an endowed account remains subject to that account's purpose. For Sonoma State University 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 board and Investment Committee oversee a pooled endowment managed through Graystone Consulting of Morgan Stanley. The FY2025 endowment report describes the outsourced arrangement and an approach to environmental, social and governance screening. 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 spending policy governs annual support. Federal tax liability follows the separate statutory calculation.

FY2025 size-band comparison

The FY2025 survey value of USD 76.792 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

Sonoma reports returns net of investment fees. NCSE reports returns net of external management fees and expenses. Both series end June 30, 2025; the institutional disclosure does not itemize every cost included in its fee definition.

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 Sonoma State University Foundation, EIN 990157509. Its available filing for the year ended June 30, 2024 reports total filer assets of USD 72.662 million, revenue of USD 3.642 million, expenses of USD 4.193 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
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• California State University San Bernardino
• Keck Graduate Institute