Endowment

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Rowan University

Rowan University is a doctoral research institution founded in 1923 in Glassboro, New Jersey. It offers over 90 bachelor's, 50 master's, nine doctoral, and two...

Rowan University

Rowan University is a doctoral research institution founded in 1923 in Glassboro, New Jersey. It offers over 90 bachelor's, 50 master's, nine doctoral, and two professional programs. The university's programs in business, education, engineering, and medicine are accredited.

General information

Firm type

Public research university

Year founded

1923

Location

Region

North America

Country

United States

City

Glassboro

Corporate office

Glassboro, NJ, United States

Sector focus

EducationReal EstateInfrastructurePrivate Equity

Frequently asked questions

How large is Rowan University's endowment?

As of fiscal 2023, Rowan University's endowment stood at approximately $200 million, ranking it in the mid-tier among U.S. public universities (per NACUBO, 2024). The endowment has grown from roughly $150 million a decade earlier.

Who manages Rowan University's endowment investments?

The Rowan University Foundation, a separate 501(c)(3) entity, oversees endowment management. The foundation employs a small internal team (estimated 3–4 professionals) and relies on outsourced investment advisors for portfolio construction and manager selection.

What is the endowment's asset allocation?

Public filings indicate the endowment targets a mix of 40-50% equities, 15-25% fixed income, and 20-35% alternatives (private equity, real estate, and infrastructure). Real estate exposure includes both liquid REITs and direct property holdings on campus.

Does Rowan University's endowment invest in private equity?

Yes, the endowment commits capital to private equity funds focused on growth and buyout strategies (per public records). Commitments are typically $5–20 million per vehicle, with a preference for regional funds with ties to New Jersey.

What is the endowment's spending policy?

The foundation targets an annual spending rate of approximately 5% of the endowment's trailing three-year average value, consistent with college endowment norms. This distribution supports scholarships, faculty positions, and capital projects.

Does the endowment use external consultants?

Yes, the foundation contracts with external investment consultants to advise on asset allocation, manager search, and due diligence (per public procurement records). This model reduces internal costs and provides access to diverse expertise.

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