LA JOLLA, Calif. – National University, California’s second-largest private, nonprofit institution of higher education, maintains an endowment which continues to rank among the top 200 largest in the nation, according to the National Association of College and University Business Officers’ (NACUBO) 2008 survey of the leading 796 colleges and universities in the United States and Canada.
Based upon assets of $346,161 million in Fiscal Year 2008, National University’s endowment was listed as the 183rd largest in the United States, increasing in value by 1.4 percent from $341,231 million in Fiscal Year 2007. Since 2002, National University’s endowment assets have more than doubled, from $162,560 to $346,161 million, despite a severe nation- and world-wide economic downturn during Fiscal Year 2008.
There were 796 institutions ranked in this year’s survey, up 11 from 785 last year. The one-year average rate of return among the institutions was down 3%, with 23% of the losses coming after June 30, 2008.
National University’s endowment ranks 15th among colleges and universities in California. Among colleges and universities in San Diego, National University’s endowment is the second largest. The University of California, San Diego Foundation’s endowment was first in the region, ranking 178th on NACUBO’s 2008 survey, with assets of $353,074 million.
For more information about National University, visit www.nu.edu.
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