Table 356.	Value of property and liabilities of degree-granting institutions: Selected years, 1899–1900 through 1995–96
[In thousands of current dollars]

Year	Property value at end of year						Endowment (end of year book value)1		Endowment (end of year market value)1	Liabilities of plant funds
	Total	Physical plant value
		Total	Land	Buildings		Equipment
1	2	3	4	5		6	7		8	9
Institutions of higher  education2
1899–1900	$448,597	$253,599	—	—		—	$194,998	3	—	—
1909–10	781,255	457,594	$92,359	$297,153		$68,082	323,661	3	—	—
1919–20	1,316,404	747,333	128,922	495,920		122,491	569,071	3	—	—
1929–30	3,437,117	2,065,049	304,114	1,490,014		270,921	1,372,068	3	—	—
1935–36	3,913,028	2,359,418	334,085	1,636,722		388,611	1,553,610	3	—	—
1937–38	4,208,695	2,556,075	313,665	1,811,309		431,101	1,652,620		—	—
1939–40	4,440,063	2,753,780	—	—		—	1,686,283		—	—
1941–42	4,525,925	2,759,261	—	—		—	1,766,664	3	—	—
1947–48	6,076,212	3,691,725	—	—		—	2,384,487		—	—
1949–50	4,799,964	4,799,964	—	—		—	2,601,223	3	—	—
1951–52	9,241,725	6,373,195	—	—		—	2,868,530		—	—
1953–54	10,717,082	7,523,193	—	—		—	3,193,889		—	—
1955–56	12,561,046	8,858,907	624,467	6,697,648	4	1,536,792	3,702,139		—	$894,383
1957–58	15,770,197	11,124,489	733,182	8,540,429	4	1,850,878	4,645,708		—	1,444,602
1959–60	18,870,628	13,548,548	842,664	10,472,478	4	2,233,407	5,322,080		—	1,964,306
1961–62	22,761,193	16,681,844	1,009,294	12,900,093	4	2,772,457	6,079,349		—	2,806,868
1963–64	28,232,362	21,279,346	1,292,691	16,460,867	4	3,525,788	6,953,016		—	4,190,189
1965–66	35,274,597	26,851,273	1,758,901	20,653,028	4	4,439,344	8,423,324		$11,126,831	6,071,750
1967–68	—	34,506,348	2,062,545	26,673,826	4	5,769,977	—		—	—
1969–70	52,930,923	42,093,580	3,076,751	31,865,179		7,151,649	10,837,343		11,206,632	9,384,731
1970–71	57,394,951	46,053,585	3,117,895	35,042,590		7,893,100	11,341,366		13,714,330	9,786,240
1971–72	62,136,459	50,153,251	3,287,326	38,131,339		8,734,586	11,983,208		15,180,934	10,291,095
1972–73	66,814,103	53,814,596	3,492,611	40,808,481		9,513,503	12,999,507		15,099,840	10,823,595
1973–74	71,305,817	58,002,777	3,888,372	43,701,491		10,412,914	13,303,040		13,168,076	11,400,916
1974–75	75,585,674	62,183,078	4,210,901	46,453,642		11,518,536	13,402,596		14,364,545	12,413,420
1975–76	80,300,595	66,348,304	4,345,232	49,349,224		12,653,847	13,952,291		15,488,265	12,687,015
1976–77	85,486,550	70,739,427	4,444,927	52,384,393		13,910,107	14,747,123		16,304,553	13,068,341
1977–78	90,337,044	74,770,804	4,621,071	55,188,603		14,961,131	15,566,240		16,840,129	13,437,861
1978–79	95,442,468	78,637,991	4,824,250	57,563,005		16,250,737	16,804,477		18,158,634	13,712,648
1979–80	102,294,859	83,733,387	5,037,172	60,847,097		17,849,119	18,561,472		20,743,045	14,181,991
1980–81	109,701,242	88,760,567	5,212,453	64,158,017		19,390,097	20,940,675		23,465,001	14,794,669
1981–82	117,601,954	94,516,512	5,402,339	67,794,877		21,319,297	23,085,442		24,415,245	15,487,618
1982–83	127,345,302	100,992,841	5,889,080	71,519,718		23,584,042	26,352,461		32,691,133	16,749,900
1983–84	137,141,741	107,640,113	6,109,746	75,220,765		26,309,602	29,501,629		32,975,610	18,277,315
1984–85	148,163,096	114,763,986	6,236,159	79,133,998		29,393,829	33,399,110		39,916,361	22,105,712
1985–86	160,959,517	122,261,355	6,573,923	82,886,012		32,801,419	38,698,162		50,280,775	25,699,408
1986–87	—	126,426,171	7,165,445	84,838,657		34,422,069	—		56,585,153	—
1987–88	—	139,456,342	8,307,789	92,428,615		38,719,937	—		57,391,814	—
1988–89	—	158,693,085	9,462,095	104,743,145		44,487,845	—		64,155,247	—
1989–90	—	164,635,000	9,968,000	108,609,000		46,058,000	—		67,978,726	—
1990–91	—	178,084,000	10,028,000	117,683,000		50,373,000	—		72,048,579	—
1991–92	—	184,813,238	10,528,395	122,422,566		51,862,277	—		82,534,026	—
1992–93	—	192,760,817	11,006,451	128,436,599		53,317,767	—		92,239,311	—
1993–94	—	199,463,715	11,197,662	133,124,680		55,141,373	—		96,012,591	—
1994–95	—	212,201,113	11,710,436	142,553,837		57,936,840	—		109,706,704	—
Degree–granting institutions
1995–96	—	220,400,104	11,407,020	150,458,886		58,534,198	—		128,837,030	—

—Not available. 1 Includes funds functioning as endowment. 2 Institutions that were accredited by an agency or association that was recognized by the U.S. Department of Education, or recognized directly by the Secretary of Education. 3 Includes annuity funds. 4 Includes improvements to land and equipment. These funds are included under appropriate categories after 1967–68. NOTE: Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs. The degree-granting classification is very similar to the earlier higher education classification, but it includes more 2-year colleges and excludes a few higher education institutions that did not grant degrees. (See Guide to Sources for details.) Detail may not sum to totals because of rounding. SOURCE: U.S. Department of Education, National Center for Education Statistics, Annual Report of the Commissioner of Education, 1899–1900 and 1909–10; Biennial Survey of Education in the United States, 1919–20 through 1963–64; Higher Education General Information Survey (HEGIS), "Financial Statistics of Institutions of Higher Education" surveys, 1965–66 through 1985–86; and 1986–87 through 1995–96 Integrated Postsecondary Education Data System, "Finance Survey" (IPEDS-F:FY87–96). (This table was prepared November 1998.)