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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 2015, the market value of the endowment funds of colleges and universities was $547 billion, reflecting an increase of 3 percent compared to the beginning of the fiscal year, when the total was $533 billion. At the end of fiscal year 2015, the 120 institutions with the largest endowments accounted for $406 billion, or about three-fourths of the national total. The five institutions with the largest endowments in 2015 were Harvard University ($38 billion), Yale University ($26 billion), the University of Texas System ($23 billion), Princeton University ($22 billion), and Stanford University ($22 billion).

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2018). Digest of Education Statistics, 2016 (NCES 2017-094), Chapter 3.

Endowment funds of the 20 colleges and universities with the largest endowments, by rank order:
Fiscal year (FY) 2015
Institution Rank order1 Market value of endowment (in thousands of dollars)
Beginning of FY End of FY
United States, all institutions $533,105,732 $547,217,872
Harvard University (MA) 1 36,429,256 37,615,545
Yale University (CT) 2 23,858,561 25,542,983
University of Texas System Office 3 25,445,315 22,548,856
Princeton University (NJ) 4 20,576,361 22,291,270
Stanford University (CA) 5 21,466,006 22,222,957
Massachusetts Institute of Technology 6 12,425,131 13,474,743
University of Pennsylvania 7 9,582,335 10,133,569
University of Michigan, Ann Arbor 8 9,603,919 9,809,705
Texas A & M University, College Station 9 10,521,034 9,754,202
Columbia University in the City of New York (NY) 10 9,223,047 9,639,065
University of Notre Dame (IN) 11 8,189,096 8,784,381
Northwestern University (IL) 12 7,501,116 7,588,029
Duke University (NC) 13 7,036,776 7,296,545
University of California System Admin. Central Office 14 7,413,709 6,950,190
Washington University in St. Louis (MO) 15 6,719,449 6,889,230
Emory University (GA) 16 6,981,308 6,787,163
University of Chicago (IL) 17 6,539,290 6,553,571
University of Virginia, Main Campus 18 5,876,310 6,098,997
Rice University (TX) 19 5,553,717 5,573,038
Cornell University (NY) 20 4,646,134 4,760,560

1 Institutions ranked by size of endowment at end of fiscal year 2015.
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. (2018). Digest of Education Statistics, 2016 (NCES 2017-094), Table 333.90.

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