# University of Notre Dame Endowment

University of Notre Dame Endowment is an Endowment / Foundation based in South Bend, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** South Bend, United States
- **Region:** North America
- **Address:** South Bend, IN, United States
- **Founded:** 1842
- **Assets under management:** $20.1B (June 30, 2025)
- **Website:** investment.nd.edu
- **LinkedIn:** https://investment.nd.edu

## Regulatory record

- **Reports private funds:** No

## About

The University of Notre Dame Endowment, managed by the Notre Dame Investment Office, constitutes the primary long-term investment vehicle supporting the University of Notre Dame du Lac, a private Catholic research university founded in 1842. The Investment Office oversees the Notre Dame Endowment Pool (NDEP), a diversified multi-asset portfolio encompassing endowment funds, working capital, and assets held for religious affiliates, with investments spanning public equities, private equity, multi-strategy, and other alternatives on a global basis (per University 2025 Annual Report and financial statements as of June 30, 2025). As of June 30, 2025, endowment and funds functioning as endowment within the NDEP totaled approximately $20.1 billion, while the full NDEP stood at $25.4 billion; the Pool generated a 13.6% net return for fiscal year 2025, ranking in the top decile of peers over multi-year periods (per 2025 Annual Report and Investment Office disclosures). Endowment payout, the largest portion directed to scholarships and fellowships, underpins financial aid, faculty support, academics, research, and operations, enabling need-blind and loan-free undergraduate admissions while preserving intergenerational purchasing power under Board-approved spending policies. The portfolio emphasizes long-term compounding aligned with the University’s mission of teaching, research, and service, stewarded as ‘family money’ with a partnering approach to external managers. Leadership continuity is a hallmark, with the Office reporting to the Investment Committee of the Board of Trustees.

## Sectors

- Real Estate
- Venture Capital
- Private Equity
- Natural Resources
- Secondaries & Special Situations

## People

- Timothy W. Dolezal, C.F.A. — Vice President and Chief Investment Officer
- Rev. Robert A. Dowd, C.S.C. — President
- Shannon B. Cullinan, M.B.A. — Executive Vice President
- John T. McGreevy, Ph.D. — Charles and Jill Fischer Provost
- John B. Veihmeyer — Chair, Board of Trustees
- Trent A. Grocock — Vice President for Finance

## Questions

### What is the most recent AUM of the University of Notre Dame Endowment?

As of June 30, 2025, endowment and funds functioning as endowment totaled $20.073 billion within the Notre Dame Endowment Pool (NDEP); the full NDEP (primarily endowment assets) was $25.435 billion (per University of Notre Dame 2025 consolidated financial statements).

### Who is the Chief Investment Officer of the Notre Dame Endowment?

Timothy W. Dolezal, C.F.A., serves as Vice President and Chief Investment Officer, leading the Investment Office (per 2025 Annual Report and official university leadership pages).

### What was the fiscal 2025 investment return for the endowment?

The Notre Dame Endowment Pool returned 13.6% net for the fiscal year ended June 30, 2025 (per University 2025 Annual Report).

### Where is the University of Notre Dame Endowment / Investment Office located?

The Investment Office is at 1251 N. Eddy Street, Suite 400, South Bend, IN 46617 (per investment.nd.edu).

### How is the endowment used to support the University?

Endowment payout primarily funds scholarships and fellowships (largest share), academic programs, faculty chairs, general operations, athletics, and other mission priorities, supporting need-blind admissions and research (per investment.nd.edu and 2025 Annual Report).

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- [University of Michigan (UM)](https://altss.com/profile/university-of-michigan-um)
- [University of Pennsylvania](https://altss.com/profile/university-of-pennsylvania-upenn)

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Last updated: 2026-07-17T22:38:08.000Z

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