Key facts

Reported value

CAD 1.42 billion

As of

April 30, 2025

Portfolio

Endowed accounts, rounded official CAD value

Location

London, ON

Data through FY2025

Balance reference

Endowment size and reporting scope

An endowment can contain many individual accounts with different donor purposes. Investing them together changes how assets are managed, while the accounts continue to record each beneficiary's interest. The market value of a pooled vehicle can also include reserves or other long-term funds. An endowment balance, a managed pool and total organizational assets can consequently differ even when all figures are reported accurately. Survey scope and definitions

The official CAD 1,418.000 million figure and the FY2025 survey's USD 1,055.683 million describe their respective dates and reporting categories. The official balance retains its stated label, endowed accounts, rounded official cad value. 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 The University of Western Ontario is USD 1,055.683 million, compared with USD 945.424 million for FY2024. The USD 110.259 million movement is 11.66% 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 437.448 million and ends in FY2025 at USD 1,055.683 million. The change across those observations is USD 618.235 million. The smallest reported balance in the displayed series is USD 437.448 million in FY2016; the largest is USD 1,055.683 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

The survey expresses Canadian institutions' balances in U.S. dollars using the conversion conventions stated in the workbook. Exchange-rate movements can affect changes between fiscal years. The official Canadian-dollar balance elsewhere on this page retains its own currency and fiscal date. The U.S. historical values are not spliced into a Canadian-dollar line.

Spending policy and payout

The FY2025 NCSE $1B to $5B group reports an average effective spending rate of 4.5%. That is a survey-group statistic and is not assigned as The University of Western Ontario's policy. An institution's own spending rule can use several prior valuation dates, a prior-year dollar draw or additional adjustments. Its approved appropriation and the cash spent by a department can differ in timing. NCSE spending-rate table

The size of a spending account is separate from the current market value of its underlying endowment. A transfer from the investment pool authorizes support for the account's purpose. A smoothing formula can delay the effect of market gains or losses on that support. Unspent distributions can also remain available for a beneficiary beyond the year of appropriation. Spending measures

Governance and investment office

Western's investment committee is a subcommittee of the Board of Governors' Property and Finance Committee. Its public endowment guidance describes selection and monitoring of investment managers. Board reporting on underwater funds addresses the original donated amount and each account's current market value. 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 These rates apply to net investment income, using the law's prior-year asset and student-count definitions.

The University of Western Ontario is a Canadian institution. The U.S. private-college schedule does not classify its Canadian endowment as a U.S. private-college portfolio. Its Canadian fiscal-year balance and the survey's U.S.-dollar conversion also use different currency conventions. No U.S. institution-specific tier is assigned here.

Reporting comparisons

The U.S. NCSE size-band averages are based on U.S. respondents. This Canadian institution is outside those published comparison groups. The historical dollar series above follows NACUBO's conversion convention; a Canadian investment return follows its stated portfolio currency and fiscal year-end. An April or March reporting period does not match the U.S. June 30 endpoint. Currency and date alignment are needed before comparing percentage performance. NCSE universe and return periods

Public records and reporting dates

NACUBO's respondent is The University of Western Ontario. Annual financial statements and any nonprofit return can cover a different legal entity or a wider group of resources. A university, a supporting foundation and an investment pool can each report its own assets. Total organizational assets also include resources outside the endowment, and the tax-return accounting period can differ from the survey's reporting year. Those distinctions govern how public records are compared. Respondent identity

Related reading

• Comparable endowment sizes
• Endowment directory
• Endowments by state
• Endowments by size
• University endowments
• Queen's University
• McMaster University
• Fordham University