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HBCU Endowments
FY2025 confirmed values · FY2024 IPEDS cohort · Year-over-year change · Array
16 Schools FY2025 93-School Cohort As of June 30, 2025
Schools Reporting FY2025
16
NACUBO, audited financials, or BOT report
Combined FY2025 Value
$3.67B
Sum of 16 confirmed endowments
Largest Endowment
$1.12B
Howard University
$100M+ Endowments
13
Of 16 schools with FY2025 data
FY2025 Endowment Market Values — All Confirmed Schools

NACUBO-Commonfund Study of Endowments FY2025; GSAFAC audited financial statements FY2025; NC A&T BOT Endowment Performance Update (April 2026) All values as of June 30, 2025. NC A&T FY2025 = investment pool $243,381,224 + non-pooled assets $3,873,727 per BOT Endowment Performance Update.

FY2025 Rankings
Ranked by total endowment market value as of June 30, 2025
Rank School FY2025 Value Source

No FY2025 data yet for Meharry Medical College, Prairie View A&M, Clark Atlanta, Tennessee State, Morgan State, Dillard, Claflin, NC Central, and all smaller schools.

FY2024 Full Cohort — 93 Institutions
92 HBCUs with FY2024 end-of-year endowment values reported to IPEDS, plus Alabama A&M shown via a 990-based estimate. Public institutions report on the F1A form; private institutions on the F2 form. 9 institutions had no reported value and are excluded.
FY2024 Endowment Values — Full HBCU Cohort

IPEDS Finance Survey FY2023-24, end-of-fiscal-year endowment value (F1A public / F2 private)

FY2024 Rankings
Ranked by IPEDS end-of-fiscal-year endowment value, FY2023–24
Rank School FY2024 Value Form

*Alabama A&M reported no endowment value to IPEDS. Estimate of $73,263,290 combines end-of-year cash and investments from the Forms 990 of the AAMU Trust for Educational Excellence ($34,577,161 cash + $16,225,581 investments, FYE July 31, 2024) and the AAMU Foundation ($7,579,635 cash + $14,880,913 investments, FYE September 30, 2024). The two entities' fiscal years end two months apart, neither filing classifies these assets as endowment (both answered No on Form 990 Part IV line 10), and the figure may include operating cash.

No FY2024 data: Arkansas Baptist College, Denmark Technical College, H. Councill Trenholm State CC, J.F. Drake State CC, Shelton State CC, Shorter College, Simmons College of Kentucky, Southwestern Christian College, St. Philip's College.

Year-over-Year Change — FY2024 to FY2025
Dollar change for the 16 schools with confirmed data in both years, sorted by largest gain. NACUBO schools use matched NACUBO FY24 values; non-NACUBO schools compare IPEDS FY2024 to FY2025 audit or BOT report.
Increase Decrease

Xavier's IPEDS FY2024 ($182.9M) vs. FY2025 audit ($162.4M) likely reflects scope differences between IPEDS and audit definitions of endowment, not confirmed investment losses.

Change Detail
FY2024 and FY2025 values with dollar and percentage change
School FY2024 FY2025 Change $ Change % FY24 Source