Key facts

Reported value

USD 82.7 million

As of

May 31, 2025

Portfolio

Invested endowment net assets

Location

Seguin, TX

Spending policy

7% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 102.342 million survey balance belongs to the respondent named Texas Lutheran 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. The reporting category needs to travel with the number. Survey scope and definitions

The official USD 82.745 million figure and the FY2025 survey's USD 102.342 million describe their respective dates and reporting categories. The official balance retains its stated label, invested endowment net assets. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for Texas Lutheran University is USD 102.342 million, compared with USD 100.227 million for FY2024. The reported balance rose by USD 2.115 million, or 2.11%, 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 86.843 million and ends in FY2025 at USD 102.342 million. The change across those observations is USD 15.499 million. The smallest reported balance in the displayed series is USD 79.347 million in FY2020; the largest is USD 112.053 million in FY2021. The displayed observations are year-end asset balances. NACUBO historical workbook

Spending policy and payout

TLU's FY2025 spending policy appropriates 7% of the prior 12-quarter moving-average pool value through the calendar year-end preceding the distribution year. Its roll-forward reports $5.855161 million in regular appropriations plus $1.731255 million in additional operating appropriations for FY2025. The chart combines those two deductions. FY2024 combines $5.506145 million of regular appropriations, $2.491944 million for additional operating support and $80,754 for capital. The extra appropriations are separate board decisions. Spending disclosure

Source: tlu-edu.files.svdcdn.com · Data through FY2025

Distribution report

A distribution from an endowed account remains subject to that account's purpose. For Texas Lutheran University, 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

TLU's Board of Regents approves endowment appropriations under Texas prudent-management law. Its financial statements separate donor-restricted endowments from board-designated funds. The investment objective of a 7% to 8% average annual return is a long-term assumption, with actual investment results reported separately. 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.

Section 4968 taxes net investment income; the spending policy governs distributions.

FY2025 size-band comparison

The FY2025 survey value of USD 102.342 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

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 Texas Lutheran University, EIN 741109748. Its available filing for the year ended May 31, 2023 reports total filer assets of USD 168.614 million, revenue of USD 65.571 million, expenses of USD 69.855 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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