About Nc State Investment Fund
To provide a real total return from endowed assets that preserves the purchasing power of Fund capital while generating an income stream to support the spending needs of North Carolina State University and its associated entities; to invest to make an impact for current and future generations of the NC State community.
Focus Areas
higher education endowment managementscholarships and fellowships supportuniversity faculty supportsustainable/responsible investing (SRI)
Who They Fund
undergraduate and/or graduate students (scholarship recipients)faculty members (new hires, retention, professional support)academic departments/programshigher education institutions (campus facilities)
Funding Style
capacity buildinginstitutional/infrastructure support
About Nc State Investment Fund
NC State Investment Fund Inc channels endowed capital into North Carolina State University and its affiliated entities, with grants that support scholarships, faculty, departments, and facilities. Its largest recent awards went to the Endowment Fund of NC State University at $23,526,490 in 2024 and to NC State University Foundation Inc at $22,824,070 in 2024, showing a funding pattern tied closely to the university’s core operating and academic infrastructure. The fund’s stated purpose is to generate income from endowed assets while preserving purchasing power for future generations of the NC State community, and the recent grants reflect that mandate across multiple parts of the institution. The grant list also shows repeated support for specialized university-linked organizations, including NC State Engineering Foundation Inc, The North Carolina Agricultural Foundation Inc, and North Carolina Veterinary Medical Foundation Inc. Those awards sit alongside support for student aid, alumni, textiles, natural resources, and the college of sciences, indicating that the fund works through NC State’s affiliated foundations rather than direct individual awards. Across the recent sample, the grants are large and institution-focused, with the same university ecosystem appearing year after year.
What Nc State Investment Fund Funds
The fund’s recent giving centers on higher education support within NC State’s affiliated network. In engineering, it gave $6,792,730 in 2023 and $5,871,871 in 2024 to NC State Engineering Foundation Inc for scholarships, faculty support, departmental support, and facility support. In agriculture, The North Carolina Agricultural Foundation Inc received $6,625,200 in 2024 and $6,118,325 in 2023 for the same broad set of purposes. Student aid is another recurring theme. NC State University Student Aid Association Inc received $2,284,748 in 2024 and $2,012,898 in 2023 for scholarships, faculty support, departmental support, and facility support. The fund also supported the North Carolina Veterinary Medical Foundation Inc with $4,106,122 in 2023 and $3,275,966 in 2024, again tied to institutional scholarships and support. These grants show a consistent emphasis on academic programs, personnel, and campus infrastructure rather than standalone projects outside NC State.
How Nc State Investment Fund Gives
Typical grant size is in the multimillion-dollar range: p25 is $2,234,012, median is $3,500,573, and p75 is $6,667,082. The recent record also shows repeated awards to the same affiliated organizations across 2023 and 2024, suggesting an ongoing institutional funding rhythm rather than isolated one-time grants. NC State Investment Fund Inc is a regular funder, not a DAF, and it does not fund individuals or make program-related investments. The grants are local in scope and align with its endowment-management role for NC State.
Financial Snapshot
Annual Giving
$146M
Total Assets
$2.2B
Total Revenue
$147.8M
Total Expenses
$81.5M
Typical Grant Size
Most grants fall between $2.2M and $6.7M, with a median of $3.5M.
25th Percentile
$2.2M
Median
$3.5M
75th Percentile
$6.7M
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in NC.
Funding intensity
LowHigh
Headquarters
Leadership
DANA R HARRIS
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