Table 333.90.

Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2020

Institution	Fiscal year (FY) 2020
	Rank order, end of FY1	Market value of endowment
		Beginning of FY (in thousands)	End of FY (in thousands)	Percent change2
1	2	3	4	5
United States (all institutions)	†	$675,407,269	$691,019,781	2.3
120 institutions with the largest amounts	†	502,052,014	515,405,457	2.7
Harvard University	1	40,929,700	41,894,380	2.4
Yale University	2	30,314,816	31,201,686	2.9
The University of Texas System Office	3	29,842,396	30,522,120	2.3
Stanford University	4	27,699,834	28,948,111	4.5
Princeton University	5	25,623,628	25,944,283	1.3
Massachusetts Institute of Technology	6	17,443,750	18,381,518	5.4
University of Pennsylvania	7	14,649,761	14,877,363	1.6
Texas A & M University-College Station	8	12,632,093	12,720,530	0.7
University of Notre Dame	9	11,565,964	12,319,422	6.5
University of Michigan-Ann Arbor	10	12,273,834	12,308,473	0.3
University of California-System Administration Central Office	11	11,891,155	12,267,010	3.2
Columbia University in the City of New York	12	10,950,738	11,257,021	2.8
Emory University	13	8,626,248	9,169,028	6.3
Washington University in St Louis	14	8,008,925	8,489,294	6.0
Northwestern University	15	8,244,818	8,484,706	2.9
Duke University	16	8,609,004	8,474,071	-1.6
University of Chicago	17	7,244,603	7,199,521	-0.6
University of Virginia-Main Campus	18	6,953,904	7,146,476	2.8
Vanderbilt University	19	6,270,877	6,917,371	10.3
Cornell University	20	6,974,637	6,882,708	-1.3
Johns Hopkins University	21	6,275,939	6,750,092	7.6
Rice University	22	6,506,177	6,166,323	-5.2
Dartmouth College	23	5,731,322	5,975,180	4.3
University of Southern California	24	5,739,565	5,914,358	3.0
Ohio State University-Main Campus	25	5,233,313	5,263,434	0.6
The University of Texas at Austin	26	4,288,184	4,694,068	9.5
University of Wisconsin-Madison	27	4,579,680	4,587,597	0.2
New York University	28	4,219,660	4,578,665	8.5
Brown University	29	3,976,694	4,377,466	10.1
University of Pittsburgh-Pittsburgh Campus	30	4,289,974	4,151,994	-3.2
University of Washington-Seattle Campus	31	3,699,979	3,713,005	0.4
University of Minnesota-Twin Cities	32	3,714,676	3,699,522	-0.4
University of North Carolina at Chapel Hill	33	3,513,938	3,523,739	0.3
Michigan State University	34	3,455,316	3,473,657	0.5
The Pennsylvania State University	35	3,150,699	3,357,994	6.6
California Institute of Technology	36	2,987,001	3,085,500	3.3
Williams College	37	2,744,103	2,727,113	-0.6
Boston College	38	2,474,132	2,579,462	4.3
Amherst College	39	2,473,283	2,565,148	3.7
University of Iowa	40	1,578,933	2,530,872	60.3
Purdue University-Main Campus	41	2,539,232	2,497,825	-1.6
Boston University	42	2,292,537	2,421,115	5.6
University of Richmond	43	2,513,209	2,405,602	-4.3
University of California-Los Angeles	44	2,255,362	2,359,984	4.6
University of Rochester	45	2,318,529	2,329,949	0.5
Wellesley College	46	2,173,415	2,285,397	5.2
Brigham Young University	47	1,878,296	2,257,760	20.2
Pomona College	48	2,321,097	2,254,547	-2.9
University of California-Berkeley	49	2,143,756	2,173,287	1.4
Georgia Institute of Technology-Main Campus	50	2,229,707	2,169,707	-2.7
Swarthmore College	51	2,131,553	2,103,670	-1.3
Grinnell College	52	2,069,953	2,090,750	1.0
Carnegie Mellon University	53	1,983,602	2,068,860	4.3
Virginia Commonwealth University	54	2,057,178	1,992,338	-3.2
Smith College	55	1,913,253	1,907,178	-0.3
Tufts University	56	1,867,962	1,889,477	1.2
Georgetown University	57	1,822,484	1,863,711	2.3
Case Western Reserve University	58	1,866,500	1,850,806	-0.8
University of Florida	59	1,818,319	1,844,523	1.4
University of Kansas	60	1,842,170	1,830,892	-0.6
University of Illinois at Urbana-Champaign	61	1,772,258	1,821,952	2.8
George Washington University	62	1,778,559	1,802,656	1.4
Bowdoin College	63	1,743,671	1,780,970	2.1
University of California-San Francisco	64	1,602,091	1,779,820	11.1
Liberty University	65	1,587,919	1,714,463	8.0
University of Texas Southwestern Medical Center	66	1,215,979	1,639,357	34.8
Washington and Lee University	67	1,676,308	1,630,163	-2.8
Southern Methodist University	68	1,633,431	1,614,131	-1.2
Texas Christian University	69	1,620,665	1,584,160	-2.3
Tulane University of Louisiana	70	1,423,305	1,458,648	2.5
University of Delaware	71	1,466,070	1,453,189	-0.9
North Carolina State University at Raleigh	72	1,400,655	1,417,705	1.2
University of Cincinnati-Main Campus	73	1,449,732	1,414,930	-2.4
Syracuse University	74	1,392,691	1,390,553	-0.2
Baylor University	75	1,322,822	1,381,438	4.4
Trinity University	76	1,287,117	1,381,221	7.3
Lehigh University	77	1,411,641	1,369,863	-3.0
University of Kentucky	78	1,385,507	1,365,422	-1.4
University of Georgia	79	1,343,987	1,362,446	1.4
Wake Forest University	80	1,375,398	1,350,187	-1.8
Virginia Polytechnic Institute and State University	81	1,348,500	1,329,400	-1.4
Medical College of Wisconsin	82	937,909	1,233,714	31.5
Soka University of America	83	1,270,123	1,231,957	-3.0
Berea College	84	1,218,740	1,222,167	0.3
MCPHS University	85	1,131,298	1,214,213	7.3
Indiana University-Bloomington	86	1,221,385	1,209,430	-1.0
University of Arkansas	87	1,221,935	1,209,277	-1.0
Baylor College of Medicine	88	1,173,489	1,205,391	2.7
Saint Louis University	89	1,252,678	1,197,421	-4.4
Rutgers University-New Brunswick	90	1,130,228	1,150,827	1.8
Indiana University-Purdue University-Indianapolis	91	1,195,427	1,147,557	-4.0
Princeton Theological Seminary	92	1,130,871	1,135,934	0.4
Middlebury College	93	1,157,786	1,133,644	-2.1
Wesleyan University	94	1,080,015	1,130,907	4.7
Vassar College	95	1,124,864	1,097,976	-2.4
Northeastern University	96	1,074,592	1,088,470	1.3
Washington State University	97	1,068,763	1,083,966	1.4
University of Tulsa	98	1,129,458	1,082,619	-4.1
Brandeis University	99	1,073,526	1,073,589	#
University of Utah	100	1,080,567	1,071,908	-0.8
University of Missouri-Columbia	101	1,052,760	1,065,747	1.2
The Juilliard School	102	1,103,572	1,063,434	-3.6
University of Miami	103	997,413	1,050,754	5.3
Iowa State University	104	1,056,849	1,034,248	-2.1
Santa Clara University	105	1,019,760	1,034,167	1.4
Hamilton College	106	969,362	1,020,321	5.3
University of Nebraska-Lincoln	107	1,309,494	1,008,858	-23.0
Oberlin College	108	984,675	999,380	1.5
University of Arizona	109	1,038,133	983,848	-5.2
Berry College	110	1,065,940	981,511	-7.9
William & Mary	111	995,874	967,685	-2.8
National University	112	780,839	966,159	23.7
Colgate University	113	949,230	959,653	1.1
Arizona State University Campus Immersion	114	922,103	958,682	4.0
Rochester Institute of Technology	115	957,232	954,032	-0.3
Claremont McKenna College	116	865,475	952,269	10.0
Thomas Jefferson University	117	954,177	941,025	-1.4
The University of Alabama	118	946,690	939,393	-0.8
University of Houston	119	861,212	930,030	8.0
Denison University	120	887,898	912,965	2.8

†Not applicable.

#Rounds to zero.

1 Institutions ranked by size of endowment at end of 2020 fiscal year.

2 Change in market value of endowment. Includes growth from gifts and returns on investments, as well as reductions from expenditures and withdrawals.

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: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2021, Finance component. (This table was prepared January 2022.)