NCAA’s Investments Hit $527 Million as Gains Reach 11%
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College sports’ governing body grew its investment portfolio to $527 million for the year ended June 30, with an 11 percent gain in its $304.5 million quasi-endowment and an 8.8 percent return in its $222.5 million operating reserve.
The National Collegiate Athletic Association generated $841 million in revenue in 2011-2012 and its biggest expense was the record $522 million it distributed to schools for their participation in the NCAA men’s basketball tournament and for grants and scholarships. It spends an additional $110 million running national championships in other sports, according to its filing with the Internal Revenue Service.