Key facts

Reported value

USD 578.8 million

As of

August 31, 2025

Portfolio

Teachers College endowment

Location

New York, NY

Spending policy

4.75% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The reporting scope for Teachers College Columbia University is the respondent identified in NACUBO's table. Its USD 564.053 million FY2025 balance is USD 37.997 million above FY2024. A percentage investment result requires the institution's own performance calculation, with its cash-flow treatment and fee basis. Survey scope and definitions

The official USD 578.836 million figure and the FY2025 survey's USD 564.053 million describe their respective dates and reporting categories. The official balance retains its stated label, endowment net assets. A change in currency, period or included accounts can produce a different total; the figures are presented separately. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for Teachers College Columbia University is USD 564.053 million, compared with USD 526.056 million for FY2024. The USD 37.997 million movement is 7.22% 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 265.747 million and ends in FY2025 at USD 564.053 million. The change across those observations is USD 298.306 million. The smallest reported balance in the displayed series is USD 265.747 million in FY2016; the largest is USD 564.053 million in FY2025. These are closing asset values. They do not show how much of a year's movement came from new gifts, spending or investment results. NACUBO historical workbook

Spending policy and payout

The endowment spending rule applies 4.75% to a 16-quarter moving average of fair value. The FY2025 roll-forward records $23.379324 million appropriated for expenditure. Its August fiscal endpoint is retained in the financial discussion. Spending disclosure

Source: tc.columbia.edu · Data through FY2025

Distribution report

The Teachers College Columbia University chart uses the institution's stated FY2025 support measure of USD 23.379324 million. That annual flow is shown separately from the closing asset balance. A department's eventual expenditure can occur after an allocation or appropriation, and donor purposes continue to govern how the support is used. Spending measures

Governance and investment office

Teachers College's Board adopts the endowment spending policy. The institution reports its own donor-restricted and board-designated endowment accounts. Its financial statements identify the college as the reporting entity, preserving the distinction from the affiliated Columbia University. 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.

A tax rate on net investment income has a different denominator from an endowment payout rate. Section 4968 uses prior-year assets other than those used directly for exempt purposes and specifies how students are counted. Related organizations can affect the calculation. Headline assets divided by a fall enrollment figure do not reproduce every statutory step.

FY2025 size-band comparison

The FY2025 survey value of USD 564.053 million places this respondent in the $500M to $1B band. The published band contains 74 respondents and USD 54.8 billion of aggregate assets. Its average five-year annualized net return is 10.7%, and its ten-year average is 7.8%. The size classification follows the survey-year balance even where an official disclosure on this page uses a later year or a different portfolio scope. 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 Teachers College Columbia University, EIN 131624202. Its available filing for the year ended August 31, 2023 reports total filer assets of USD 725.480 million, revenue of USD 290.297 million, expenses of USD 263.319 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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