HBCU Endowments Hub — FY2025

Schools Reporting FY2025

NACUBO, audited financials, or BOT report

Combined FY2025 Value

$4.04B

Sum of 18 confirmed endowments

Largest Endowment

$1.12B

Howard University

$100M+ Endowments

Of 18 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); Alabama State University FY2025 audited financial statements; Meharry Medical College FY2025 Form 990 Values as of each school's FY2025 fiscal year-end (June 30, 2025, for most schools). NC A&T FY2025 = investment pool $243,381,224 + non-pooled assets $3,873,727 per BOT Endowment Performance Update. Alabama State FY2025 = University endowment pool $24,571,136 (as of September 30, 2025) + component-unit endowments $130,630,590 (Trust for Educational Excellence, FYE July 31, 2025, and ASU Foundation, FYE December 31, 2024) per the University's FY2025 audited financial statements. ASU's fiscal year ends September 30.

FY2025 Rankings

Ranked by total endowment market value at FY2025 fiscal year-end

Rank	School	FY2025 Value	Source

No FY2025 data yet for Prairie View A&M, Clark Atlanta, Tennessee State, Morgan State, Dillard, Claflin, NC Central, and all smaller schools. Tennessee State's foundation reported $98.4 million in endowment funds as of June 30, 2024, on its most recent complete Form 990; the foundation's FY2025 filing reports an endowment balance that conflicts with its own prior-year figure and is excluded pending the university's FY2025 audited financial statements.

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 18 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