NAIC Special Report: Major College and University Endowments Failing the Transparency Test

The endowments for America’s colleges and universities collectively oversee hundreds of billions of dollars in assets. However, when it comes to determining how much of it is managed by diverse asset managers, these same learning institutions appear reluctant to educate the masses. In this NAIC Special Report, we detail efforts by the Diverse Asset Managers Initiative and Rev. Al Sharpton’s National Action Network to encourage these endowments to disclose their level of engagement with diverse-owned firms.