Key facts

Reported value

USD 105.6 million

As of

FY2025 survey reporting period

Portfolio

Survey respondent endowment

Location

Petersburg, VA

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 105.601 million survey balance belongs to the respondent named Virginia State University. 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. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for Virginia State University is USD 105.601 million, compared with USD 96.544 million for FY2024. The reported balance rose by USD 9.057 million, or 9.38%, 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 reported endowment changed from USD 32.512 million in FY2016 to USD 105.601 million in FY2025, a difference of USD 73.089 million. This series measures year-end assets after gifts and distributions. NACUBO historical workbook

Spending policy and payout

The FY2025 NCSE $100M to $250M group reports an average effective spending rate of 4.9%. That is a survey-group statistic and is not assigned as Virginia State University'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

For Virginia State University, the FY2025 balance does not establish an approved payout. Distributions retain each fund's donor restrictions. Spending measures

Governance and investment office

NACUBO's FY2025 table identifies Virginia State University as a survey respondent in Petersburg, VA. It reports endowment market value and changes between survey years. The respondent table supplies no current investment-office appointment. 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.

The tax is imposed on net investment income. Student-adjusted endowment uses prior-year fair values for assets other than those used directly for exempt purposes. The statute also contains student-count and related-organization provisions. A spending policy applies to an institution's chosen asset base, while the tax applies to investment income under federal rules.

FY2025 size-band comparison

The FY2025 survey value of USD 105.601 million places this respondent in the $100M to $250M band. The published band contains 154 respondents and USD 24.5 billion of aggregate assets. Its average five-year annualized net return is 9.6%, and its ten-year average is 7.4%. 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 Virginia State University Foundation, EIN 546074532. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 36.673 million, revenue of USD 5.187 million, expenses of USD 2.735 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

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