Key facts

Reported value

USD 532.7 million

As of

June 30, 2026

Portfolio

Foundation endowment; university-held endowment reported separately

Location

Grand Forks, ND

Data through FY2026

Balance reference

Endowment size and reporting scope

For University of North Dakota Alumni Association & Foundation, the survey reports USD 471.396 million for FY2025 and USD 422.057 million for FY2024. These totals retain the respondent's published scope. A pooled investment fund can also hold resources outside permanent endowments, while financial statements can include interests administered by outside trustees. Those accounting boundaries help explain why one organization may publish more than one long-term-asset figure. Closing market value alone does not identify how much support a beneficiary can spend. Survey scope and definitions

The official USD 532.690 million figure and the FY2025 survey's USD 471.396 million describe their respective dates and reporting categories. The official balance retains its stated label, foundation endowment market value. The reporting date and the defined asset category govern the comparison. Official financial scope

Source: NACUBO · Data through FY2026

The FY2025 survey value for University of North Dakota Alumni Association & Foundation is USD 471.396 million, compared with USD 422.057 million for FY2024. The USD 49.339 million movement is 11.69% 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 230.656 million and ends in FY2025 at USD 471.396 million. The change across those observations is USD 240.740 million. The smallest reported balance in the displayed series is USD 230.656 million in FY2016; the largest is USD 471.396 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 of fees.

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: undalumni.org · Data through FY2026

Published endowment allocation in the summary through September 30, 2026. Allocation report

Spending policy and payout

The summary reports annual support of $15.3 million in FY2026, compared with $13.9 million in FY2025. The five annual payouts from FY2022 through FY2026 total $65.2 million. These are support flows; they are separate from the quarterly portfolio balances and trailing investment returns. Spending disclosure

Source: undalumni.org · Data through FY2026

Distribution report

Distributions remain subject to each fund's donor restrictions. An appropriation authorizes support for those purposes; a beneficiary can use the cash in a later accounting period. Spending measures

Governance and investment office

The UND Alumni Association & Foundation manages and invests endowed funds for student support, faculty positions and campus programs. The foundation and university-held endowments have separately stated balances. The foundation's own market value is used when describing its legal and investment scope. 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. Its asset and student definitions govern applicability and the rate.

FY2025 size-band comparison

The FY2025 survey value of USD 471.396 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

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

NACUBO's respondent is University of North Dakota Alumni Association & Foundation. 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

• Endowment directory
• Endowments by state
• Endowments by size
• System Foundation endowments
• University of North Carolina at Greensboro
• University of Nevada Las Vegas
• University of South Alabama Foundation