The final report provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at 809 U.S. higher education institutions and affiliated foundations. The report provides extensive data to help institutions evaluate their investment returns and compare results by endowment size and institution type. More than 110 figures - tables, charts, and graphs - include data on investment performance, asset allocation, spending rates and policies, institutional debt, management expenses, and governance issues. [Additional sponsors for this report include: Goldman Sachs, Prime Buchholz, Russell Investments, Atlanta Consulting Group, Callan LLC, AON Hewitt, BNY Mellon, Burgundy Asset Management, Fiduciary Wealth Partners, and LCG Associates. For the 2016 report, see ED595079.]