Each year, the National Association of College and University Business Officers (NACUBO) partners with TIAA to benchmark endowment returns for higher education institutions. For FY2018 (July 1, 2017-June 30, 2018), 802 U.S. colleges and universities participated in the NACUBO-TIAA Study of Endowments. The study indicates an average return of 8.2% for the year compared to 12.2% the previous year. As planned giving is a major source of endowments, these numbers could be important for higher education fundraisers to follow. The full report is available for purchase at www.nacubo.org.