1. AGB/NACUBO Compliance Questionnaire Study Selected Results
John D. Walda
President and CEO
National Association of College and University Business Officers
Richard D. Legon
President
Association of Governing Boards of Universities and Colleges

2. 146 Colleges/Universities
Type of Institution
146 Colleges/Universities
Note: all colleges/universities offer a four-year degree or higher

3. Comparison of Study Participants and All U. S
Comparison of Study Participants and All U.S. Four Year Colleges and Universities, Number of Students Enrolled

4. 58 Colleges/Universities
Do you currently have a written conflict of interest policy in place that governs members of the organization’s ruling body and its top management officials?
Private Colleges/Universities
58 Colleges/Universities

5. 144 Colleges/Universities
Does your organization currently make its audited financial statements available to the public?
144 Colleges/Universities

6. Did your organization have an investment policy for endowment funds?
Private Colleges/Universities or Public Colleges/Universities with an endowment fund not managed by the state treasury or other state agency
134 Colleges/Universities

7. Did your organization have an investment committee that oversaw investment of your endowment fund assets?
How many individuals were members of the investment committee that oversaw the endowment fund(s)?
128 Colleges/Universities
137 Colleges/Universities

8. Total year end fair market value of endowment assets
All Colleges/Universities
142 Colleges/Universities
Note: two colleges/universities did not provide any endowment information.

9. If “Yes,” did your organization meet the adopted target spending rate?
Did your investment committee or board adopt a target spending rate for all endowments?
All Colleges/Universities
If “Yes,” did your organization meet the adopted target spending rate?
127 Colleges/Universities
141 Colleges/Universities
Note: three colleges/universities did not provide information on adopting a target spending rate.

10. What was the target spending rate?
All Colleges/Universities
128 Colleges/Universities

11. Endowment Fund Distribution
Percent of colleges/universities that distribute endowment funds to the following categories
142 Colleges/Universities
Number of
Colleges/
Universities

12. Did the organization obtain an independent compensation comparability survey that was used in setting the person’s compensation?
Private Colleges/Universities
314 Executives

13. Did the organization use a process intended to satisfy the rebuttable presumption procedure of section 4958 to determine compensation of the person?
Private Colleges/Universities
314 Executives

14. Five highest paid employees
Note: 25%, Median and 75% represent quartiles; compensation in thousands of dollars.

15. Sports Coach Public vs. Private Public (82 Sports Coaches)
Private (14 Sports Coaches)

16. Chancellor/President
Public vs. Private
Public (89 chancellors/presidents)
Private (45 chancellors/presidents)

17. UBI Activities reported on Form 990-T (Q27)
Total Respondent Gross Receipts or Sales: $146.2 million Total Respondent Current Net Operating Loss: $-5.2 million
Number of colleges/universities with current net operating gain/loss by activity:

18. Percentage of Colleges/Universities Offering an Average Tuition Discount Percentage

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