How large are the endowments of colleges and universities in the United States?
At the end of fiscal year 2018, the market value of the endowment funds of colleges and universities was $648 billion, reflecting an increase of 9 percent since the beginning of the fiscal year, when the total was $597 billion. At the end of fiscal year 2018, the 120 institutions with the largest endowments accounted for $482 billion, or about three-fourths of the national total. The five institutions with the largest endowments at the end of fiscal year 2018 were Harvard University ($39 billion), the University of Texas System ($31 billion), Yale University ($29 billion), Stanford University ($26 billion), and Princeton University ($25 billion).
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2021). Digest of Education Statistics, 2019 (NCES 2021-009), Chapter 3.
|Endowment funds of the 20 degree-granting postsecondary institutions with the largest endowments, by rank order:
Fiscal year (FY) 2018
|Institution||Rank order1||Market value of endowment (in thousands of dollars)|
|Beginning of FY||End of FY|
|United States, all institutions||†||$597,008,695||$648,043,073|
|Harvard University (MA)||1||37,096,474||39,233,736|
|University of Texas System Office||2||25,947,842||30,597,370|
|Yale University (CT)||3||27,216,639||29,444,936|
|Stanford University (CA)||4||24,784,943||26,464,912|
|Princeton University (NJ)||5||23,353,233||25,438,281|
|Massachusetts Institute of Technology||6||14,832,483||16,400,027|
|University of Pennsylvania||7||12,213,207||13,777,441|
|Texas A & M University, College Station||8||10,812,432||12,688,651|
|University of Michigan, Ann Arbor||9||10,777,563||11,733,013|
|University of Notre Dame (IN)||10||9,684,936||11,065,058|
|Columbia University in the City of New York (NY)||11||9,996,596||10,869,245|
|University of California System Admin. Central Office||12||9,837,900||10,828,968|
|Duke University (NC)||13||7,911,175||8,524,846|
|Northwestern University (IL)||14||7,947,574||8,386,918|
|Emory University (GA)||15||7,613,022||7,985,467|
|Washington University in St. Louis (MO)||16||7,214,958||7,687,392|
|University of Chicago (IL)||17||6,617,076||7,009,012|
|Cornell University (NY)||18||6,516,445||6,871,481|
|University of Virginia, Main Campus||19||6,308,922||6,856,258|
|Rice University (TX)||20||5,835,568||6,228,857|
† Not applicable.
1 Institutions ranked by size of endowment at end of 2018 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. (2021). Digest of Education Statistics, 2019 (NCES 2021-009), Table 333.90.
Related Tables and Figures: (Listed by Release Date)
Other Resources: (Listed by Release Date)