How large are the endowments of colleges and universities in the United States?
At the end of fiscal year 2021, the market value of the endowment funds of colleges and universities was $927 billion, which was 34 percent higher than the beginning of the fiscal year, when the total was $691 billion.
The five institutions with the largest endowments at the end of fiscal year 2021 were Harvard University ($53 billion), Yale University ($42 billion), The University of Texas System Office ($40 billion), Stanford University ($38 billion), and Princeton University ($37 billion).
|Endowment funds of the 20 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year (FY) 2021|
|Institution||Rank order,end of FY1||Market value of endowment (in thousands)|
|Beginning of FY||End of FY|
|United States (all institutions)||†||$691,144,829||$927,174,812|
|The University of Texas System Office||3||30,522,120||40,414,914|
|Massachusetts Institute of Technology||6||18,381,518||27,394,039|
|University of Pennsylvania||7||14,877,363||20,523,546|
|University of Notre Dame||8||12,319,422||18,385,354|
|Texas A & M University–College Station||9||12,734,068||16,895,504|
|University of Michigan–Ann Arbor||10||12,144,714||16,795,776|
|University of California–System Administration Central Office||11||12,267,010||16,463,910|
|Columbia University in the City of New York||12||11,257,021||14,349,970|
|Washington University in St Louis||13||8,489,294||13,668,081|
|University of Virginia–Main Campus||18||7,146,476||10,366,578|
|University of Chicago||19||7,199,521||9,594,956|
† Not applicable.
1 Institutions ranked by size of endowment at end of 2021 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 (The University of Texas System Office and University of California–System Administration Central Office).
SOURCE: National Center for Education Statistics. (2023). Table 333.90. Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2021 [Data table]. In Digest of education statistics. U.S. Department of Education, Institute of Education Sciences. Retrieved October 3, 2023, from https://nces.ed.gov/programs/digest/d22/tables/dt22_333.90.asp.
Related Tables and Figures: (Listed by Release Date)
Other Resources: (Listed by Release Date)