The net flow rate considers the combined impact of inflows and outflows on the endowment portfolio’s overall growth. Because part of annual spending is offset by new gifts, portfolio growth over time is much greater than it would be based on performance after spending alone. In fact, for this year’s survey group, median portfolio growth over the last decade was 30% higher than it would have been if there were no inflows. Our Institutional Support section contains analysis on this and other statistics related to the financial support that C&Us receive from their endowments.

A first look at our annual survey provides analysis of responses from 159 colleges and universities on investment pool returns and asset allocations, highlighting variations in performance and asset management strategies.

Our biannual report summarizes asset allocation and total investment performance for 24 of Cambridge Associates’ UK foundation and endowment clients.

Our annual survey-based report summarizes returns, asset allocation, and other investment-related data for 110 foundations for the calendar year ended December 31, 2023, across five sections: Investment Portfolio Returns, Investment Policy, Portfolio Asset Allocation, Investment Manager Structures, and Payout From the Long-Term Investment Portfolio.

The Foundation Annual Flash Statistics Report provides a first look at the results of our 2023 Foundation Annual Investment Pool Returns survey. Look for our full annual analysis in the Foundation Annual Investment Pool Returns report later this summer.

Our biannual report summarizes asset allocation and total investment performance for 19 of Cambridge Associates’ UK foundation and endowment clients.