Key facts

Reported value

USD 96.4 million

As of

FY2025 survey reporting period

Portfolio

Survey respondent endowment

Location

Sacramento, CA

Spending policy

4% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 96.409 million survey balance belongs to the respondent named The University Foundation at Sacramento State. 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

Source: NACUBO · Data through FY2025

The FY2025 survey value for The University Foundation at Sacramento State is USD 96.409 million, compared with USD 86.421 million for FY2024. The reported balance rose by USD 9.988 million, or 11.56%, 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 39.568 million and ends in FY2025 at USD 96.409 million. The change across those observations is USD 56.841 million. The smallest reported balance in the displayed series is USD 39.568 million in FY2016; the largest is USD 96.409 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Spending policy and payout

The foundation's endowment spending policy allows income allocation equal to 4% of the moving-average market value over the previous 12 quarters. Its board approved 4% for both FY2025 and FY2024. The policy permits permanent endowment funds to be spent down to 80% of historical contribution value, with restoration when earnings permit. The chart shows the published policy rate, without estimating an annual dollar payout. Spending disclosure

Source: NACUBO · Data through FY2025

A distribution from an endowed account remains subject to that account's purpose. For The University Foundation at Sacramento State, 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's Board of Directors sets the investment and administrative guidelines for the pooled endowment. The FY2025 statements identify preserving the real value of assets as a primary objective and providing spendable income under the disbursement guidelines as another. Investment gains beyond the spending allocation can be reinvested. 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.

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

FY2025 size-band comparison

The FY2025 survey value of USD 96.409 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

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 University Foundation At Sacramento State, EIN 943001359. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 109.504 million, revenue of USD 15.437 million, expenses of USD 6.731 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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• Foundation For California Community Colleges
• Freed-Hardeman University