Key facts

Reported value

USD 165.4 million

As of

FY2025 survey reporting period

Portfolio

Survey respondent endowment

Location

Bellingham, WA

Spending policy

4% on the stated policy base

Data through FY2025

Balance reference

Endowment size and reporting scope

The USD 165.359 million survey balance belongs to the respondent named Western Washington University Foundation. 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 Western Washington University Foundation is USD 165.359 million, compared with USD 145.881 million for FY2024. The USD 19.478 million movement is 13.35% 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 68.822 million and ends in FY2025 at USD 165.359 million. The change across those observations is USD 96.537 million. The smallest reported balance in the displayed series is USD 66.277 million in FY2017; the largest is USD 165.359 million in FY2025. NACUBO historical workbook

Spending policy and payout

The stewardship FAQ describes an annual-distribution formula approximating 4% of endowment value as of December 31. It separately states a 1.5% administration fee and an approximately 0.3% investment-management fee. The support-rate chart reflects that approximate description and does not assert a new fiscal-year appropriation. Spending disclosure

Source: NACUBO · Data through FY2025

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

Governance and investment office

The Foundation's Finance and Audit Committee oversees endowed funds within policy set by the Board of Directors. The published investment information describes Russell Investments and the outsourced chief investment officer model. Foundation management implements committee-directed policy and provides investment reporting. 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 165.359 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%. The size band uses the FY2025 NACUBO balance. 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 Foundation For Western Washington University And Alumni, EIN 916073519. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 166.133 million, revenue of USD 24.720 million, expenses of USD 12.632 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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