Key facts

Reported value

USD 733.9 million

As of

FY2025 survey reporting period

Portfolio

Survey respondent endowment

Location

Worcester, MA

Data through FY2025

Balance reference

Endowment size and reporting scope

The reporting scope for Worcester Polytechnic Institute is the respondent identified in NACUBO's table. Its USD 733.903 million FY2025 balance is USD 51.169 million above FY2024. A percentage investment result requires the institution's own performance calculation, with its cash-flow treatment and fee basis. Survey scope and definitions

Source: NACUBO · Data through FY2025

The FY2025 survey value for Worcester Polytechnic Institute is USD 733.903 million, compared with USD 682.734 million for FY2024. The USD 51.169 million movement is 7.49% 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 466.320 million and ends in FY2025 at USD 733.903 million. The change across those observations is USD 267.583 million. The smallest reported balance in the displayed series is USD 466.320 million in FY2016; the largest is USD 733.903 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

The FY2025 NCSE $500M to $1B group reports an average effective spending rate of 4.3%. That is a survey-group statistic and is not assigned as Worcester Polytechnic Institute'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 Worcester Polytechnic Institute, the USD 733.903 million survey balance does not disclose a dollar payout. The peer spending rate above describes other respondents in a common size group. It cannot identify this institution's approved draw or the purposes of distributions. Donor restrictions and the policy's averaging dates remain relevant to annual support. Spending measures

Governance and investment office

NACUBO classifies Worcester Polytechnic Institute as private college/university endowment or other non-profit institution. The Worcester, MA respondent is the unit used for its rank of 207. That category describes the reporting institution. Investment oversight and the legal ownership of supporting-fund assets require the institution's own governing documents, with the university and any separately incorporated foundation identified individually. 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

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.

A tax rate on net investment income has a different denominator from an endowment payout rate. Section 4968 uses prior-year assets other than those used directly for exempt purposes and specifies how students are counted. Related organizations can affect the calculation. Headline assets divided by a fall enrollment figure do not reproduce every statutory step.

FY2025 size-band comparison

The FY2025 survey value of USD 733.903 million places this respondent in the $500M to $1B band. The published band contains 74 respondents and USD 54.8 billion of aggregate assets. Its average five-year annualized net return is 10.7%, and its ten-year average is 7.8%. 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

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 displayed mix is a survey average, not this institution's target 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 Worcester Polytechnic Institute, EIN 042121659. Its available filing for the year ended June 30, 2023 reports total filer assets of USD 1,319.475 million, revenue of USD 462.672 million, expenses of USD 483.023 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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