Key facts

Reported value

USD 44.5 million

As of

June 30, 2025

Portfolio

Endowment net assets

Location

Saint Marys City, MD

Spending policy

4.25% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 44.531 million survey balance belongs to the respondent named St. Mary's College of Maryland 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. The survey balance and any broader investment-pool value are reported separately. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for St. Mary's College of Maryland Foundation is USD 44.531 million, compared with USD 39.448 million for FY2024. The USD 5.083 million movement is 12.89% 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

The available history begins in FY2016 at USD 28.803 million and ends in FY2025 at USD 44.531 million. The change across those observations is USD 15.728 million. The smallest reported balance in the displayed series is USD 28.803 million in FY2016; the largest is USD 44.531 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Spending policy and payout

The FY2025 spending policy was 4.25%, with a separate 1.25% service fee, applied on the twelve-quarter rolling-average basis described in the statements. The FY2024 rates were 4% and 1%, respectively. Appropriations were $1,632,797 in FY2025 and $962,360 in FY2024. Spending disclosure

Source: smcm.edu · Data through FY2025

Distribution report

A distribution from an endowed account remains subject to that account's purpose. For St. Mary's College of Maryland 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 joint investment advisory committee approves investment policy, analyzes risk and return, determines target allocation and selects investment advisers. The FY2025 report identifies one underwater fund with original gifts of $1,006,000, fair value of $538,992 and a deficiency of $467,008. 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.

These rates apply to net investment income. Statutory student counts and related-organization rules govern the calculation.

FY2025 size-band comparison

The FY2025 survey value of USD 44.531 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

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 St Marys College Of Maryland Foundation Inc, EIN 237152890. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 52.060 million, revenue of USD 7.184 million, expenses of USD 4.149 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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