How large are the endowments of colleges and universities in the United States?
At the end of fiscal year 2017, the market value of the endowment funds of colleges and universities was $598 billion, reflecting an increase of 10 percent compared with the beginning of the fiscal year, when the total was $544 billion. At the end of fiscal year 2016, the 120 institutions with the largest endowments accounted for $443 billion, or about three-fourths of the national total. The five institutions with the largest endowments in 2017 were Harvard University ($37 billion), Yale University ($27 billion), the University of Texas System ($26 billion), Stanford University ($25 billion), and Princeton University ($23 billion).
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2019). Digest of Education Statistics, 2018 (NCES 2020-009), Chapter 3.
|Endowment funds of the 20 colleges and universities with the largest endowments, by rank order:
Fiscal year (FY) 2017
|Institution||Rank order1||Market value of endowment (in thousands of dollars)|
|Beginning of FY||End of FY|
|United States, all institutions||$543,509,478||$598,295,271|
|Harvard University (MA)||1||35,665,743||37,096,474|
|Yale University (CT)||2||25,413,149||27,216,639|
|University of Texas System Office||3||23,861,771||25,947,842|
|Stanford University (CA)||4||22,398,130||24,784,943|
|Princeton University (NJ)||5||21,703,488||23,353,233|
|Massachusetts Institute of Technology||6||13,181,515||14,832,483|
|University of Pennsylvania||7||10,715,364||12,213,207|
|Texas A & M University, College Station||8||9,858,672||10,808,501|
|University of Michigan, Ann Arbor||9||9,600,640||10,777,563|
|Columbia University in the City of New York (NY)||10||9,041,027||9,996,596|
|University of California System Admin. Central Office||11||8,367,764||9,837,900|
|University of Notre Dame (IN)||12||8,748,266||9,684,936|
|Northwestern University (IL)||13||7,478,167||7,947,574|
|Duke University (NC)||14||6,839,780||7,911,175|
|Emory University (GA)||15||6,902,625||7,613,022|
|Washington University in St. Louis (MO)||16||6,526,726||7,214,958|
|University of Chicago (IL)||17||6,121,266||6,617,076|
|Cornell University (NY)||18||4,524,419||6,516,445|
|University of Virginia, Main Campus||19||5,774,744||6,308,922|
|Rice University (TX)||20||5,354,508||5,835,568|
1 Institutions ranked by size of endowment at end of 2017 fiscal year.
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. (2019). Digest of Education Statistics, 2018 (NCES 2020-009), Table 333.90.
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