Key facts

Reported value

USD 393.5 million

As of

June 30, 2025

Portfolio

UNLV Foundation Endowment Fund

Location

Las Vegas, NV

Data through FY2025

Balance reference

Endowment size and reporting scope

NACUBO lists University of Nevada Las Vegas under the NV respondent location. Its USD 470.847 million figure measures assets at the survey-year close. It is separate from a year's fundraising receipts or authorized distributions. Restrictions attach to individual funds even when their investments share a pooled vehicle. The reported balance does not establish how much the organization can spend on operations. Survey scope and definitions

The official USD 393.493 million figure and the FY2025 survey's USD 470.847 million describe their respective dates and reporting categories. The official balance retains its stated label, foundation endowment fair market value. The audit and survey use different reporting categories. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for University of Nevada Las Vegas is USD 470.847 million, compared with USD 423.832 million for FY2024. The USD 47.015 million movement is 11.09% 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 230.786 million and ends in FY2025 at USD 470.847 million. The change across those observations is USD 240.061 million. The smallest reported balance in the displayed series is USD 230.786 million in FY2016; the largest is USD 470.847 million in FY2025. The change in assets includes gifts and distributions as well as investment results. NACUBO historical workbook

Investment returns

Performance report

Fee basis: Net return for all assets.

A trailing multi-year return is an annualized compound result over the period shown. The one-year figure covers the final year. These periods overlap, so their returns are not added. A published dollar investment gain can reflect accounting categories and cash flows that differ from the percentage performance calculation. Return definitions and reporting basis

Asset allocation

Source: unlv.edu · Data through FY2025

FY2025 foundation endowment allocation published in the annual report. Allocation report

Spending policy and payout

The FY2025 NCSE $250M to $500M group reports an average effective spending rate of 5.2%. That is a survey-group statistic and is not assigned as University of Nevada Las Vegas'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 ultimately spent by a department can differ in timing. NCSE spending-rate table

The USD 470.847 million FY2025 survey balance for University of Nevada Las Vegas is not an annual spending budget. NCSE's effective rate describes the size group. It does not establish this respondent's approved payout or identify the programs receiving support. A fund's donor agreement continues to govern its use after money leaves the investment pool. Spending measures

Governance and investment office

UNLV Foundation raises and manages private gifts for the university. The annual report describes the endowment fund separately from university operating resources. The foundation's Finance and Investment Committee reviews endowment policy and annual disbursements. Gifts for scholarships and endowed academic positions retain their purposes within the pool. 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 uses statutory asset and student definitions, including related-organization rules.

FY2025 size-band comparison

The FY2025 survey value of USD 470.847 million places this respondent in the $250M to $500M band. The published band contains 102 respondents and USD 37.1 billion of aggregate assets. Its average five-year annualized net return is 10.0%, and its ten-year average is 7.6%. The size band uses the FY2025 NACUBO balance. NCSE size groups NCSE average net returns

Source: NACUBO · Data through FY2025

Source: NACUBO · Data through FY2025

NCSE's allocation categories combine strategies with different liquidity and valuation practices. Its Alternatives group can include private capital, hedge funds and real assets. Matching that broad weight would not establish identical holdings. The displayed mix is a survey average, not this institution's target allocation. Published category weights are shown with an explicit rounding difference so the full bar totals 100%. NCSE allocation definitions

Public records and reporting dates

The ProPublica nonprofit API identifies the legal filer as University Of Nevada Las Vegas Foundation, EIN 942790134. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 468.102 million, revenue of USD 60.583 million, expenses of USD 42.430 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
• University endowments
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• University of North Dakota Alumni Association & Foundation
• University of South Alabama Foundation