Key facts

Reported value

USD 89.9 million

As of

December 31, 2025

Portfolio

Foundation net assets designated for perpetual endowments

Location

Rock Hill, SC

Spending policy

Up to 4% of the five-year trailing average

Data through FY2025

Balance reference

Endowment size and reporting scope

For Winthrop University Foundation, the FY2025 survey records assets of USD 92.066 million. This is a closing asset balance. New gifts, investment results and distributions can all change it during the year. The respondent may hold endowed funds directly or through an affiliated organization. Restrictions attached to those funds continue to govern their use after they are invested together. Total institutional assets can also include buildings and operating resources. Survey scope and definitions

The official USD 89.906 million figure and the FY2025 survey's USD 92.066 million describe their respective dates and reporting categories. The official balance retains its stated label, foundation net assets designated for perpetual endowments. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for Winthrop University Foundation is USD 92.066 million, compared with USD 82.580 million for FY2024. The reported balance rose by USD 9.486 million, or 11.49%, 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 available history begins in FY2016 at USD 41.692 million and ends in FY2025 at USD 92.066 million. The change across those observations is USD 50.374 million. The smallest reported balance in the displayed series is USD 41.692 million in FY2016; the largest is USD 92.066 million in FY2025. The displayed observations are year-end asset balances. NACUBO historical workbook

Asset allocation

Source: winthrop.edu · Data through FY2025

Consolidated J.P. Morgan investment accounts at August 31, 2026, broader than endowment alone. Allocation report

Spending policy and payout

The December 2025 financial statements describe an annual distribution of up to 4% of the five-year average trailing endowment balance. The foundation's management fee is separately assessed. A release of funds from restriction measures the satisfaction of donor purposes and is not automatically the same as an endowment appropriation. The chart uses the published 4% policy ceiling, without treating releases as a complete payout series. Spending disclosure

Source: NACUBO · Data through FY2025

For Winthrop University Foundation, a closing survey balance and an annual appropriation answer different questions. The survey records how much was held at the reporting date. A spending formula determines support using the valuations specified in that policy. A beneficiary can also spend an approved distribution in a later period. This timing can separate the institution's appropriation from the cash recorded as an expense. Spending measures

Governance and investment office

The Foundation's Investment Committee reviews investment policy and the spending rule annually. Its public governance documents separate the foundation from Winthrop University. The posted investment account summary describes assets custodied or managed at J.P. Morgan; it does not state that every account belongs to the permanent endowment. 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; the spending policy governs distributions.

FY2025 size-band comparison

The FY2025 survey value of USD 92.066 million places this respondent in the $50M to $100M band. The published band contains 96 respondents and USD 7.2 billion of aggregate assets. Its average five-year annualized net return is 10.1%, and its ten-year average is 7.5%. 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 chart shows the FY2025 NCSE $50M to $100M group's average 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

The ProPublica nonprofit API identifies the legal filer as Winthrop University Foundation, EIN 237378001. Its available filing for the year ended December 31, 2023 reports total filer assets of USD 82.758 million, revenue of USD 5.236 million, expenses of USD 5.212 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

• Endowment directory
• Endowments by state
• Endowments by size
• Foundation endowments
• Converse University
• Foundation for Indiana University of Pennsylvania
• Dallas Theological Seminary