Key facts

Reported value

CAD 612.5 million

As of

March 31, 2026

Portfolio

Main Investment Pool

Location

Victoria, BC

Spending policy

4.0%, 4.5% or 5.0% of inflation-adjusted principal at cost

Data through FY2026

Balance reference

Endowment size and reporting scope

The USD 440.877 million FY2025 figure follows the survey's respondent, University of Victoria Foundation. The legal filer discussed below can have a different accounting perimeter. Endowed accounts may include both donor-restricted resources and amounts designated for long-term use by a governing board. Investing those accounts together does not remove their spending restrictions. The prior-year USD 431.710 million figure supplies a second closing observation, after the effects of annual support and new gifts. Survey scope and definitions

The official CAD 612.500 million figure and the FY2025 survey's USD 440.877 million describe their respective dates and reporting categories. The official balance retains its stated label, main investment pool assets, rounded official value. The audit and survey use different reporting categories. Official financial scope

Source: NACUBO · Data through FY2026

The FY2025 survey value for University of Victoria Foundation is USD 440.877 million, compared with USD 431.710 million for FY2024. The USD 9.167 million movement is 2.12% 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 308.444 million and ends in FY2025 at USD 440.877 million. The change across those observations is USD 132.433 million. The smallest reported balance in the displayed series is USD 308.444 million in FY2016; the largest is USD 440.877 million in FY2025. The change in assets includes gifts and distributions as well as 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.

Asset allocation

Source: uvic.ca · Data through FY2026

Actual Main Investment Pool allocation at March 31, 2026; CAD portfolio. Allocation report

Spending policy and payout

The foundation approved a CAD 24.2 million budget for 2026-27, approximately CAD 0.6 million above the prior year. Spending rates of 4.0%, 4.5% or 5.0% apply to inflation-adjusted principal at cost, subject to each fund's market-value position. The prospective budget is separate from distributions already paid. Spending disclosure

University of Victoria Foundation's spending terms apply to the base specified in its disclosure. A policy percentage cannot be multiplied by the survey's closing value without checking the averaging dates and eligible accounts. Appropriated resources also retain any donor restrictions when moved from the investment pool to a spending account. Spending measures

Governance and investment office

Victoria Foundation's Board oversees the foundation's investment and endowment-management policies. The annual report identifies service providers for fixed income, global equity, real estate and infrastructure. Its Main Investment Pool and Fossil Fuel Free Investment Pool have separate performance and asset disclosures. The university publishes its own financial statements. 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

University of Victoria Foundation 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.

The tax applies to net investment income; the statutory asset and student definitions determine applicability and the rate.

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 University of Victoria 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
• Foundation endowments
• University of Maine Foundation
• Ithaca College
• Rhodes College