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