Question:
How large are the endowments of colleges and universities in the United States?
Response:
At the end of fiscal year 2020, the market value of the endowment funds of colleges and universities was $691 billion, which was 2 percent higher than the beginning of the fiscal year, when the total was $675 billion.
The five institutions with the largest endowments at the end of fiscal year 2020 were Harvard University ($42 billion), Yale University ($31 billion), The University of Texas System ($31 billion), Stanford University ($29 billion), and Princeton University ($26 billion).
Endowment funds of the 20 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year (FY) 2020 |
|||
Institution | Rank order1 | Market value of endowment (in thousands) | |
---|---|---|---|
Beginning of FY | End of FY | ||
United States (all institutions) | † | $675,407,269 | $691,019,781 |
Harvard University | 1 | 40,929,700 | 41,894,380 |
Yale University | 2 | 30,314,816 | 31,201,686 |
The University of Texas System Office | 3 | 29,842,396 | 30,522,120 |
Stanford University | 4 | 27,699,834 | 28,948,111 |
Princeton University | 5 | 25,623,628 | 25,944,283 |
Massachusetts Institute of Technology | 6 | 17,443,750 | 18,381,518 |
University of Pennsylvania | 7 | 14,649,761 | 14,877,363 |
Texas A & M University–College Station | 8 | 12,632,093 | 12,720,530 |
University of Notre Dame | 9 | 11,565,964 | 12,319,422 |
University of Michigan–Ann Arbor | 10 | 12,273,834 | 12,308,473 |
University of California–System Administration Central Office | 11 | 11,891,155 | 12,267,010 |
Columbia University in the City of New York | 12 | 10,950,738 | 11,257,021 |
Emory University | 13 | 8,626,248 | 9,169,028 |
Washington University in St Louis | 14 | 8,008,925 | 8,489,294 |
Northwestern University | 15 | 8,244,818 | 8,484,706 |
Duke University | 16 | 8,609,004 | 8,474,071 |
University of Chicago | 17 | 7,244,603 | 7,199,521 |
University of Virginia–Main Campus | 18 | 6,953,904 | 7,146,476 |
Vanderbilt University | 19 | 6,270,877 | 6,917,371 |
Cornell University | 20 | 6,974,637 | 6,882,708 |
† Not applicable.
1 Institutions ranked by size of endowment at end of 2020 fiscal year.
NOTE: Data in this table represent the 50 states and the District of Columbia. Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs. In addition to individual degree-granting institution campuses, this table includes two state university systems (University of Texas System Office and University of California System Admin Central Office).
SOURCE: National Center for Education Statistics. (2022). Table 333.90. Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2020 [Data table]. In Digest of education statistics. U.S. Department of Education, Institute of Education Sciences. Retrieved August 22, 2022, from https://nces.ed.gov/programs/digest/d21/tables/dt21_333.90.asp?current=yes.
Related Tables and Figures: (Listed by Release Date)
Other Resources: (Listed by Release Date)