How large are the endowments of colleges and universities in the United States?
At the end of fiscal year 2020, the market value of the endowment funds of colleges and universities was $691 billion, which was 2 percent higher than the beginning of the fiscal year, when the total was $675 billion.
The five institutions with the largest endowments at the end of fiscal year 2020 were Harvard University ($42 billion), Yale University ($31 billion), The University of Texas System ($31 billion), Stanford University ($29 billion), and Princeton University ($26 billion).
|Endowment funds of the 20 degree-granting postsecondary institutions with the largest endowments, by rank order:
Fiscal year (FY) 2020
|Institution||Rank order1||Market value of endowment (in thousands)|
|Beginning of FY||End of FY|
|United States (all institutions)||†||$675,407,269||$691,019,781|
|The University of Texas System Office||3||29,842,396||30,522,120|
|Massachusetts Institute of Technology||6||17,443,750||18,381,518|
|University of Pennsylvania||7||14,649,761||14,877,363|
|Texas A & M University–College Station||8||12,632,093||12,720,530|
|University of Notre Dame||9||11,565,964||12,319,422|
|University of Michigan–Ann Arbor||10||12,273,834||12,308,473|
|University of California–System Administration Central Office||11||11,891,155||12,267,010|
|Columbia University in the City of New York||12||10,950,738||11,257,021|
|Washington University in St Louis||14||8,008,925||8,489,294|
|University of Chicago||17||7,244,603||7,199,521|
|University of Virginia–Main Campus||18||6,953,904||7,146,476|
† Not applicable.
1 Institutions ranked by size of endowment at end of 2020 fiscal year.
NOTE: Data in this table represent the 50 states and the District of Columbia. Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs. In addition to individual degree-granting institution campuses, this table includes two state university systems (University of Texas System Office and University of California System Admin Central Office).
SOURCE: National Center for Education Statistics. (2022). Table 333.90. Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2020 [Data table]. In Digest of education statistics. U.S. Department of Education, Institute of Education Sciences. Retrieved August 22, 2022, from https://nces.ed.gov/programs/digest/d21/tables/dt21_333.90.asp?current=yes.
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