Table 333.90.

Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2015

Institution	Fiscal year (FY) 2015				Institution	Fiscal year (FY) 2015
	Rank order, end of FY1	Market value of endowment				Rank order, end of FY1	Market value of endowment
		Beginning of FY (in thousands)	End of FY (in thousands)	Percent change2			Beginning of FY (in thousands)	End of FY (in thousands)	Percent change2
1	2	3	4	5	1	2	3	4	5
United States (all institutions)	†	$533,105,732	$547,217,872	2.6
120 institutions with the largest amounts	†	395,034,413	406,355,065	2.9
Harvard University (MA)	1	36,429,256	37,615,545	3.3	University of California, San Francisco	61	912,957	1,426,199	56.2
Yale University (CT)	2	23,858,561	25,542,983	7.1	Bowdoin College (ME)	62	1,216,030	1,392,760	14.5
University of Texas System Office	3	25,445,315	22,548,856	-11.4	University of Delaware	63	1,310,133	1,341,373	2.4
Princeton University (NJ)	4	20,576,361	22,291,270	8.3	Carnegie Mellon University (PA)	64	1,235,968	1,318,050	6.6
Stanford University (CA)	5	21,466,006	22,222,957	3.5	University of Illinois at Urbana-Champaign	65	1,289,584	1,308,415	1.5
Massachusetts Institute of Technology	6	12,425,131	13,474,743	8.4	Weill Cornell Medical College (NY)	66	1,243,815	1,276,986	2.7
University of Pennsylvania	7	9,582,335	10,133,569	5.8	University of Iowa	67	1,251,356	1,263,043	0.9
University of Michigan, Ann Arbor	8	9,603,919	9,809,705	2.1	University of Kentucky	68	1,215,226	1,231,557	1.3
Texas A & M University, College Station	9	10,521,034	9,754,202	-7.3	Soka University of America (CA)	69	1,249,761	1,221,435	-2.3
Columbia University in the City of New York (NY)	10	9,223,047	9,639,065	4.5	Lehigh University (PA)	70	1,215,926	1,213,207	-0.2
University of Notre Dame (IN)	11	8,189,096	8,784,381	7.3	Tulane University of Louisiana	71	1,169,060	1,209,322	3.4
Northwestern University (IL)	12	7,501,116	7,588,029	1.2	University of Cincinnati, Main Campus (OH)	72	1,182,040	1,193,540	1.0
Duke University (NC)	13	7,036,776	7,296,545	3.7	Trinity University (TX)	73	1,187,929	1,192,777	0.4
University of California System Admin. Central Office	14	7,413,709	6,950,190	-6.3	Wake Forest University (NC)	74	1,148,026	1,167,400	1.7
Washington University in St. Louis (MO)	15	6,719,449	6,889,230	2.5	Syracuse University (NY)	75	1,183,244	1,166,109	-1.4
Emory University (GA)	16	6,981,308	6,787,163	-2.8	Baylor University (TX)	76	1,151,201	1,165,550	1.2
University of Chicago (IL)	17	6,539,290	6,553,571	0.2	Berea College (KY)	77	1,137,222	1,101,476	-3.1
University of Virginia, Main Campus	18	5,876,310	6,098,997	3.8	Middlebury College (VT)	78	1,081,894	1,101,054	1.8
Rice University (TX)	19	5,553,717	5,573,038	0.3	Saint Louis University (MO)	79	1,076,959	1,093,348	1.5
Cornell University (NY)	20	4,646,134	4,760,560	2.5	Princeton Theological Seminary (NJ)	80	1,042,191	1,075,591	3.2
University of Southern California	21	4,593,014	4,709,511	2.5	Baylor College of Medicine (TX)	81	988,247	1,062,671	7.5
Dartmouth College (NH)	22	4,468,220	4,663,491	4.4	Liberty University (VA)	82	126,422	1,054,286	733.9
Vanderbilt University (TN)	23	4,046,250	4,093,388	1.2	University of Tulsa (OK)	83	1,023,412	1,043,055	1.9
Ohio State University, Main Campus	24	3,595,323	3,640,909	1.3	University of Oklahoma, Norman Campus	84	965,937	1,042,859	8.0
University of Pittsburgh, Pittsburgh Campus (PA)	25	3,470,665	3,565,684	2.7	University of Georgia	85	939,024	1,004,987	7.0
University of Texas at Austin	26	3,376,824	3,341,836	-1.0	Juilliard School (NY)	86	999,769	999,377	0.0
Johns Hopkins University (MD)	27	3,392,529	3,326,932	-1.9	North Carolina State University at Raleigh	87	885,055	983,979	11.2
University of Wisconsin, Madison	28	3,133,197	3,288,911	5.0	Vassar College (NY)	88	974,180	982,971	0.9
University of Washington, Seattle Campus	29	2,915,058	3,148,084	8.0	University of Texas Southwestern Medical Center	89	988,251	974,261	-1.4
University of Minnesota, Twin Cities	30	2,992,707	3,113,770	4.0	Indiana University, Bloomington	90	961,054	960,625	#
Brown University (RI)	31	2,999,749	3,073,349	2.5	University of Arkansas	91	929,693	948,679	2.0
University of North Carolina at Chapel Hill	32	2,659,759	2,967,024	11.6	Hamilton College (NY)	92	927,520	919,578	-0.9
Michigan State University	33	2,549,137	2,671,411	4.8	Brandeis University (MA)	93	861,152	915,087	6.3
Pennsylvania State University, Main Campus	34	2,264,414	2,395,857	5.8	Yeshiva University (NY)	94	943,467	907,060	-3.9
Purdue University, Main Campus (IN)	35	2,445,542	2,392,725	-2.2	University of Nebraska, Lincoln	95	203,672	906,156	344.9
University of Richmond (VA)	36	2,313,305	2,371,810	2.5	University of Utah	96	723,827	899,178	24.2
University of California, Los Angeles	37	1,616,045	2,328,472	44.1	Colgate University (NY)	97	865,882	892,549	3.1
Williams College (MA)	38	2,143,153	2,265,857	5.7	Berry College (GA)	98	925,698	887,981	-4.1
Boston College (MA)	39	2,105,654	2,258,601	7.3	University of Miami (FL)	99	865,435	887,329	2.5
Amherst College (MA)	40	2,149,203	2,193,511	2.1	Washington State University	100	868,091	885,900	2.1
Pomona College (CA)	41	2,101,461	2,098,703	-0.1	Oberlin College (OH)	101	866,830	871,965	0.6
California Institute of Technology	42	2,118,100	2,078,954	-1.8	University of Missouri, Columbia	102	806,717	871,126	8.0
University of Rochester (NY)	43	2,015,283	2,050,199	1.7	Bryn Mawr College (PA)	103	839,226	867,728	3.4
Wellesley College (MA)	44	1,834,137	1,881,031	2.6	Clemson University (SC)	104	836,152	859,082	2.7
Georgia Institute of Technology, Main Campus	45	1,889,014	1,858,977	-1.6	University of Louisville (KY)	105	876,825	844,288	-3.7
Swarthmore College (PA)	46	1,876,669	1,845,799	-1.6	Wesleyan University (CT)	106	793,334	838,774	5.7
University of California, Berkeley	47	1,671,939	1,834,400	9.7	Indiana University, Purdue University, Indianapolis	107	834,834	825,184	-1.2
Grinnell College (IA)	48	1,829,521	1,787,775	-2.3	Denison University (OH)	108	799,108	812,300	1.7
Smith College (MA)	49	1,755,755	1,781,763	1.5	College of William and Mary (VA)	109	797,592	811,217	1.7
Case Western Reserve University (OH)	50	1,758,570	1,775,999	1.0	Virginia Polytechnic Institute and State U.	110	788,800	810,200	2.7
Boston University (MA)	51	1,616,004	1,644,117	1.7	Lafayette College (PA)	111	832,811	809,061	-2.9
George Washington University (DC)	52	1,576,508	1,616,357	2.5	Pepperdine University (CA)	112	790,483	793,188	0.3
Tufts University (MA)	53	1,590,045	1,593,019	0.2	Carleton College (MN)	113	792,737	783,456	-1.2
Brigham Young University, Provo (UT)	54	1,470,770	1,581,452	7.5	Medical College of Wisconsin	114	748,637	778,315	4.0
University of Florida	55	1,519,964	1,556,155	2.4	Macalester College (MN)	115	749,550	777,358	3.7
Georgetown University (DC)	56	1,461,276	1,528,869	4.6	University of Arizona	116	760,679	767,940	1.0
University of Kansas	57	1,494,881	1,523,065	1.9	Rochester Institute of Technology (NY)	117	753,951	761,936	1.1
Southern Methodist University (TX)	58	1,425,146	1,505,296	5.6	Colby College (ME)	118	740,631	745,957	0.7
Texas Christian University	59	1,393,241	1,486,003	6.7	Northeastern University (MA)	119	729,034	743,032	1.9
Washington and Lee University (VA)	60	1,477,923	1,471,274	-0.4	Everest University, South Orlando (FL)	120	736,347	740,258	0.5

†Not applicable.

#Rounds to zero.

1 Institutions ranked by size of endowment at end of 2015 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: 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, Integrated Postsecondary Education Data System (IPEDS), Spring 2016, Finance component. (This table was prepared May 2017.)