Key facts

Reported value

USD 1.87 billion

As of

June 30, 2026

Portfolio

Endowment and invested working capital

Location

Middletown, CT

Investment office

Wesleyan University Investments

Data through FY2026

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 USD 1,872.568 million figure and the FY2025 survey's USD 1,641.277 million describe their respective dates and reporting categories. The official balance retains its stated label, endowment assets including invested working capital. 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 FY2026

The FY2025 survey value for Wesleyan University is USD 1,641.277 million, compared with USD 1,583.306 million for FY2024. The USD 57.971 million movement is 3.66% 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 770.121 million and ends in FY2025 at USD 1,641.277 million. The change across those observations is USD 871.156 million. The smallest reported balance in the displayed series is USD 770.121 million in FY2016; the largest is USD 1,641.277 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

Spending policy and payout

Wesleyan appropriated $69.745 million in FY2026 and $66.704 million in FY2025. Its Tobin rule weights 70% of prior-year spending, adjusted by the Higher Education Price Index, and 30% of a 4.5% draw on the previous fiscal-year-end market value. The 4.5% component is one part of the formula. Spending disclosure

Source: wesleyan.edu · Data through FY2026

Distribution report

A policy percentage and a budget-support percentage use different denominators. The first applies to the policy's asset base; the second compares endowment support with the institution's revenue or expenditure. Gifts for a specific scholarship or program also limit how its distribution can be used. Pooled investment management does not turn restricted support into money available for any operating purpose. Spending measures

Governance and investment office

Wesleyan's Investment Committee sets target exposures and reviews asset allocation. University investment policy combines capital appreciation with interest and dividend income. Individual fund interests remain separately accounted for inside the unitized investment 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 These rates apply to net investment income, using the law's prior-year asset and student-count definitions.

An institution's tax tier requires its statutory asset base, eligible student count and related-organization treatment. The survey's closing market value does not supply that calculation. No institution-specific rate is assigned without an institutional disclosure. A campus's enrollment in a public fact sheet can differ from the daily-average, full-time-equivalent count required by the law.

FY2025 size-band comparison

The FY2025 survey value of USD 1,641.277 million places this respondent in the $1B to $5B band. The published band contains 125 respondents and USD 268.0 billion of aggregate assets. Its average five-year annualized net return is 10.8%, and its ten-year average is 8.0%. The size classification follows the survey-year balance even where an official disclosure on this page uses a later year or a different portfolio scope. 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 Wesleyan University, EIN 060646959. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 2,371.732 million, revenue of USD 289.410 million, expenses of USD 352.224 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

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