List of colleges and universities in the United States by endowment

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This list of U.S. and colleges and universities by endowment contains the 56 universities in the United States that have an endowment of at least 1 billion U.S. dollars (at fiscal year-end 2005). For a sense of the scale of the largest U.S. university endowments: the endowment of Harvard is approximately the same size as the annual GDP of The Dominican Republic, Yale's endowment is approximately the same size as Panama's annual GDP and Stanford's endowment is slightly larger than the annual GDP of Uzbekistan. The top-five endowments combined as an annual national GDP would be greater than the annual GDP of Peru. A sample of university endowments outside of the U.S. has been included for comparison - See INTERNATIONAL.

Note on the below table: The National Association of College and University Business Officers (representatives of the below institutions) assemble endowment statistics for comparison once a year in January. The last release was January, 2006, and this is considered the official rankings until the January, 2007 numbers are officially released. In the table below we show the ranks and values from the January, 2006 report, as well as "latest" updates on the current endowment value. The latter number does not affect rank, and is for informational purposes only.[1]

Fiscal Year 2005 Rank Institution Endowment
1 Harvard University $25.5(2005)/$29.200B(2006) [2]
2 Yale University $15.2(2005)/$18.000B(2006)[3]
3 Stanford University $12.2(2005)/$15.2B(2006)[4]
4 *University of Texas System $11.611B(2005)/$15.5B (2006) [5]
5 Princeton University $11.207B(2005)/12.7B(2006) [6]
6 Massachusetts Institute of Technology $6.712B(2005)/$8.400B (2006)[7]
7 *University of California $5.222B(2005)/5.747B (2006) [8]
8 Columbia University $5.191B(2005)/5.94B(2006) [9]
9 *Texas A&M University System $4.964B(2005)
10 University of Michigan $4.931B(2005)/$5.700B(2006) [10]
11 Emory University $4.376B(2005)
12 University of Pennsylvania $4.370B(2005)/5.300B(2006)[11]
13 Washington University in St. Louis $4.268B(2005)/4.746B(2006)[12]
14 Northwestern University $4.215B(2005)/4.92B(2006)[13]
15 University of Chicago $4.137B(2005)/$4.5B(2006) [14]
16 Duke University $3.826B(2005)
17 Cornell University $3.777B(2005)/4.3B(2006)[15]
18 University of Notre Dame $3.650B(2005)/4.2B(2006)[16]
19 Rice University $3.611B(2005)
20 University of Virginia $3.219B(2005)/3.523B(2006)[17]
21 University of Southern California $2.746B(2005)
22 Dartmouth College $2.714B(2005)/$3.040B(2006) [18]
23 Vanderbilt University $2.628B(2005)
24 Brown University $2.3B(2006)[19]
25 Johns Hopkins University $2.177B(2005)
26 Ohio State University $2.020B [20]
27 University of Minnesota $1.969B
28 University of Washington $1.73B
29 Rockefeller University $1.557B
30 New York University $1.548B
31 University of Pittsburgh $1.530B
32 Case Western Reserve University $1.516B
33 UNC Chapel Hill $1.486B
34 California Institute of Technology $1.418B
35 Grinnell College $1.390B
36 University of Rochester $1.370B
37 Williams College $1.514B
38 Purdue University $1.341B
39 Michigan State University $1.325B
40 Wellesley College $1.276B
41 Boston College $1.270B
42 University of Richmond $1.208B
43 Penn State University $1.175B
44 Swarthmore College $1.164B
45 Amherst College $1.155B
46 Tufts University $1.153B
47 Yeshiva University $1.149B
48 *University of Illinois $1.148B
49 *University of Wisconsin System $1.125B (reflects UW Foundation only)

[21]

50 *Indiana University $1.107B
51 University of Delaware $1.077B
52 *University of Nebraska $1.042B
53 Smith College $1.036B
54 Texas Christian University $1.033B
55 University of Cincinnati $1.032B
56 Southern Methodist University $1.013B
57 Baylor College of Medicine $1.008B

*Denotes the aggregate of a cluster of institutions (university system)


International

Institution Endowment
University of Cambridge $5.87B U.S.
University of Oxford $5.11B U.S.
Kyoto University $2.20B U.S.
University of Toronto $1.52B U.S.
Swiss Federal Institute of Technology $970M U.S.
University of Melbourne $832M U.S.
University of Sydney $815M U.S.
McGill University $684M U.S.
National University of Singapore $620M U.S.

Largest endowments per student (2004) with some updates (2006)

While total endowment size is a useful measurement of the wealth of a university, it is not necessarily the best means of comparing the financial resources of different universities because it does not take the size of the institution into account. For example, Emory's endowment may be more than 4 times larger than Smith's, but Emory's endowment also has to support more than 4 times as many students. As a result, the two schools have about the same amount of money to spend per student from their endowments. That being said, comparing the size of endowments per student can misrepresent the resources of smaller colleges because large universities can take better advantage of economies of scale and are generally able to get better returns on their investments. Notably, with the exception of the graduate-only medical school University of California, San Francisco, every institution in the top 50 is private.

Rank Institution Endowment per Student
1. Princeton University $1,678,406
2. Yale University $1,567,535
3. Harvard University $1,476,313
4. Grinnell College $893,666
5. Baylor College of Medicine $891,825
6. Pomona College $837,825
7. MIT $823,426
8. Swarthmore College $789,735
9. Williams College $748,146
10. Rice University $723,909
11. Stanford University $714,622
12. Caltech $701,004
13. Amherst College $698,469
14. Wellesley College $557,347
15. Berea College $553,778
16. Dartmouth College $486,734
17. Wabash College $415,412
18. Smith College $361,572
19. Emory University $358,322
20. Bowdoin College $344,786
21. Haverford College $336,788
22. Washington University $327,601
23. University of Notre Dame $317,991
24. Claremont McKenna College $315,208
25. Earlham College $309,135
26. Middlebury College $306,253
27. University of Chicago $293,211
28. Hamilton College $287,572
29. Macalester College $284,891
30. Bryn Mawr College $280,279
31. Harvey Mudd College $277,207
32. Carleton College $274,779
33. Vassar College $271,254
34. Trinity University $269,780
35. University of Richmond $268,827
36. University of California, San Francisco $262,341
37. Lafayette College $255,066
38. Northwestern University $250,785
39. Washington and Lee University $245,384
40. Scripps College $242,171
41. Brown University $239,584
42. Colby College $232,952
43. Duke University $232,650
44. Vanderbilt University $230,054
45. Columbia University $223,404
46. Davidson College $222,963
47. Southwestern University $218,710
48. Oberlin College $218,498
49. Mount Holyoke College $214,832
50. Denison University $214,666

Institutions by 20 year endowment growth

Rank Order Name Aggregate Arithmetic Growth (2005-1986) Per Annum Exponential Growth (2005-1986) Endowment @ 2005 ($000) Endowment @ 1986 ($000)
1. University of Michigan 1861% 14.88% $4,931,000 $251,517
2. Duke University 955% 11.78% $3,826,000 $362,706
3. University of Virginia 846% 11.23% $3,219,000 $340,387
4. University of Notre Dame 838% 11.19% $3,650,000 $388,965
5. Yale 775% 10.85% $15,225,000 $1,739,460
6. Stanford 712% 10.47% $12,205,000 $1,502,583
7. University of Pennsylvania 709% 10.45% $4,370,000 $540,084
8. University of Southern California 659% 10.13% $2,746,000 $361,784
9. Harvard 642% 10.02% $25,474,000 $3,435,013
10. M.I.T. 591% 9.66% $6,712,000 $971,346
11. Northwestern 494% 8.91% $4,215,000 $709,236
12. Vanderbilt 489% 8.86% $2,628,000 $446,458
13. Emory 487% 8.85% $4,376,000 $745,188
14. Princeton 479% 8.78% $11,207,000 $1,934,010
15. Dartmouth 468% 8.69% $2,714,000 $477,774
16. Cornell 461% 8.62% $3,777,000 $673,848
17. University of Chicago 416% 8.20% $4,138,000 $802,500
18. Case Western Reserve 393% 7.98% $1,516,000 $307,250
19. Rice 378% 7.82% $3,611,000 $755,782
20. University of Texas** 359% 7.62% $11,611,000 $2,530,730
21. Texas A&M System 347% 7.49% $4,964,000 $1,110,440
22. Washington University 345% 7.47% $4,268,000 $958,461
23. Johns Hopkins 343% 7.44% $2,177,000 $491,543
24. Columbia 310% 7.05% $5,191,000 $1,266,640

Notes

  1. ^ http://www.nacubo.org/documents/research/FY05NESInstitutionsbyTotalAssets.pdf
  2. ^ "Harvard's endowment up to $29.2 billion". Associated Press. 2006. Retrieved 2006-09-19.
  3. ^ "Yale Endowment Earns 22.9% In The Past Year". Yale University. 2006. Retrieved 2006-09-26.
  4. ^ "WELL-FUNDED Stanford's endowment purse grows fatter". San Francisco Chronicle. 2006. Retrieved 2006-10-11.
  5. ^ http://www.utsystem.edu/news/2006/UTIMCO-CEOResigns-09-05-06.htm
  6. ^ http://www.bloomberg.com/apps/news?pid=20601109&sid=aGHHy2DVAJAM&refer=home
  7. ^ http://web.mit.edu/newsoffice/2006/endowment.html
  8. ^ http://www.ucop.edu/treasurer/updates/IAC%20601%200606.pdf
  9. ^ http://www.yaledailynews.com/Article.aspx?ArticleID=33745
  10. ^ "U-M endowment at $5.7 billion". Ann Arbor News. 2006. Retrieved 2006-10-08.
  11. ^ http://http://www.upenn.edu/almanac/volumes/v53/n09/uc-sotu.html
  12. ^ http://annualreport.wustl.edu/auditor.pdf
  13. ^ http://www.northwestern.edu/about/facts/
  14. ^ "Peter D.A. Stein Profile". The University of Chicago. 2006. Retrieved 2006-07-30.
  15. ^ http://www.alumni.cornell.edu/endowment.htm
  16. ^ http://www.nd.edu/~invest/
  17. ^ http://minerva.acc.virginia.edu/Facts/Glance_FinanceEndowment.htm
  18. ^ http://www.dartmouth.edu/home/about/facts.html#endowment
  19. ^ http://www.browndailyherald.com/media/storage/paper472/news/2006/10/18/CampusNews/U.s-Endowment.Reaches.2.3.Billion-2374111.shtml?norewrite200610230904&sourcedomain=www.browndailyherald.com
  20. ^ University endowment hits $2 billion
  21. ^ http://www.uwfoundation.wisc.edu/web/www.nsf/allpublished/frequently+asked+questions UW System endownment is approximately 9.5 billion, see http://en.wikipedia.org/wiki/University_of_Wisconsin_System

References