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Regents approve wide-ranging endowment policy revisions, including differentiated match levels and reporting requirements
Summary
After a two‑year NACUBO review, staff recommended and the Board approved revisions to endowment matching and investment policies — including STEM chair floors, caps on annual submissions, adjusted match ratios, standardized audits, and expanded reporting — with most changes effective July 1, 2025.
The Board of Regents approved comprehensive revisions to endowment program and investment policies on the recommendation of staff, following a two‑year review that included an external NACUBO evaluation and stakeholder outreach.
What changed: staff proposed four categories of revisions — program‑based (chairs and professorships), general policy clarifications, investment policy updates, and new staff outreach activities. Major elements include a differential floor for base endowment levels (higher floors for high‑cost STEM chairs), a cap on campus submissions (two chairs or…
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