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Endowments

Question:
How large are the endowments of colleges and universities in the United States?

Response:

At the end of fiscal year 2013, the market value of the endowment funds of colleges and universities was $467 billion, reflecting an increase of 10 percent compared to the beginning of the fiscal year, when the total was $425 billion. At the end of fiscal year 2013, the 120 colleges with the largest endowments accounted for $345 billion, or about three-fourths of the national total. The five colleges with the largest endowments in 2013 were Harvard University ($33 billion), Yale University ($21 billion), the University of Texas System ($20 billion), Princeton University ($19 billion), and Stanford University ($19 billion).

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2016). Digest of Education Statistics, 2014 (NCES 2016-006), Chapter 3.

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Endowment funds of the 20 colleges and universities with the largest endowments, by rank order:
Fiscal year (FY) 2013
Institution Rank order1 Market value of endowment, as of June 30 (in thousands of dollars)
Beginning of FY End of FY
United States, all institutions $424,625,337 $466,659,158
Harvard University (MA) 1 30,745,534 32,689,489
Yale University (CT) 2 19,264,289 20,708,793
University of Texas System Office 3 17,070,515 19,740,283
Princeton University (NJ) 4 17,404,002 18,786,132
Stanford University (CA) 5 17,035,804 18,688,868
Massachusetts Institute of Technology 6 10,149,564 10,857,976
University of Michigan, Ann Arbor 7 7,586,547 8,272,366
Columbia University in the City of New York 8 7,654,152 8,197,880
Texas A & M University, College Station 9 7,032,204 8,072,055
University of Pennsylvania 10 6,754,658 7,741,396
University of Notre Dame (IN) 11 6,444,599 6,959,051
University of California System Admin. Central Office 12 5,990,577 6,402,600
Northwestern University (IL) 13 5,574,319 6,283,130
Emory University (GA) 14 5,774,500 6,115,582
Duke University (NC) 15 5,555,196 6,040,973
University of Chicago (IL) 16 5,701,419 5,886,968
Washington University in Saint Louis (MO) 17 5,303,196 5,749,297
University of Virginia, Main Campus 18 4,734,895 5,106,876
Rice University (TX) 19 4,448,069 4,895,299
Cornell University (NY) 20 3,850,426 4,133,842

1 Institutions ranked by size of endowment at end of fiscal year 2013.

NOTE: Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2016). Digest of Education Statistics, 2014 (NCES 2016-006), Table 333.90.

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