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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 2014, the market value of the endowment funds of colleges and universities was $535 billion, reflecting an increase of 15 percent compared to the beginning of the fiscal year, when the total was $466 billion. At the end of fiscal year 2014, the 120 colleges with the largest endowments accounted for $399 billion, or about three-fourths of the national total. The five colleges with the largest endowments in 2014 were Harvard University ($36 billion), the University of Texas System ($25 billion), Yale University ($24 billion), Stanford University ($21 billion), and Princeton University ($21 billion).

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2016). Digest of Education Statistics, 2015 (NCES 2016-014), Chapter 3.

Endowment funds of the 20 colleges and universities with the largest endowments, by rank order:
Fiscal year (FY) 2014
Institution Rank order1 Market value of endowment (in thousands of dollars)
Beginning of FY End of FY
United States, all institutions $465,793,112 $535,186,040
Harvard University (MA) 1 32,689,489 36,429,256
University of Texas System Office 2 19,740,283 25,445,315
Yale University (CT) 3 20,708,793 23,858,561
Stanford University (CA) 4 18,688,868 21,466,006
Princeton University (NJ) 5 18,786,132 20,576,361
Massachusetts Institute of Technology 6 10,857,976 12,425,131
Texas A & M University, College Station 7 8,238,774 10,521,034
University of Michigan, Ann Arbor 8 8,272,366 9,603,919
University of Pennsylvania 9 8,174,165 9,582,335
Columbia University in the City of New York (NY) 10 8,197,880 9,223,047
University of Notre Dame (IN) 11 6,959,051 8,189,096
Northwestern University (IL) 12 6,283,130 7,501,116
University of California System Admin. Central Office 13 6,402,600 7,413,709
Duke University (NC) 14 6,040,973 7,036,776
Emory University (GA) 15 6,115,582 6,981,308
Washington University in Saint Louis (MO) 16 5,749,297 6,719,449
University of Chicago (IL) 17 5,886,968 6,539,290
University of Virginia, Main Campus 18 5,106,876 5,876,310
Rice University (TX) 19 4,895,299 5,553,717
Cornell University (NY) 20 4,133,842 4,646,134

1 Institutions ranked by size of endowment at end of fiscal year 2014.

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, 2015 (NCES 2016-014), Table 333.90.

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