Table 333.90.

Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2016

Institution	Fiscal year (FY) 2016				Institution	Fiscal year (FY) 2016
	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)	†	$553,509,685	$542,240,202	-2.0
120 institutions with the largest amounts	†	408,874,036	401,104,942	-1.9
Harvard University (MA)	1	37,615,545	35,665,743	-5.2	Southern Methodist University (TX)	61	1,505,296	1,383,981	-8.1
Yale University (CT)	2	25,542,983	25,413,149	-0.5	Bowdoin College (ME)	62	1,392,760	1,339,981	-3.8
University of Texas System Office	3	22,548,856	23,861,771	5.8	Carnegie Mellon University (PA)	63	1,318,050	1,288,196	-2.3
Stanford University (CA)	4	22,222,957	22,398,130	0.8	University of Illinois at Urbana-Champaign	64	1,308,415	1,284,203	-1.9
Princeton University (NJ)	5	22,291,270	21,703,488	-2.6	University of Delaware	65	1,341,373	1,261,790	-5.9
Massachusetts Institute of Technology	6	13,474,743	13,181,515	-2.2	University of Iowa	66	1,263,043	1,259,309	-0.3
University of Pennsylvania	7	10,133,569	10,715,364	5.7	Weill Cornell Medical College (NY)	67	1,276,986	1,233,303	-3.4
Texas A & M University, College Station	8	9,754,202	9,858,672	1.1	University of Kentucky	68	1,231,557	1,221,579	-0.8
University of Michigan, Ann Arbor	9	9,809,705	9,600,640	-2.1	University of Cincinnati, Main Campus (OH)	69	1,193,540	1,163,276	-2.5
Columbia University in the City of New York (NY)	10	9,639,065	9,041,027	-6.2	Lehigh University (PA)	70	1,213,207	1,162,711	-4.2
University of Notre Dame (IN)	11	8,784,381	8,748,266	-0.4	Tulane University of Louisiana	71	1,209,322	1,162,217	-3.9
University of California System Admin. Central Office	12	6,950,190	8,367,764	20.4	Soka University of America (CA)	72	1,221,435	1,161,267	-4.9
Northwestern University (IL)	13	7,588,029	7,478,167	-1.4	Syracuse University (NY)	73	1,166,109	1,156,828	-0.8
Emory University (GA)	14	6,787,163	6,902,625	1.7	Baylor University (TX)	74	1,165,550	1,153,535	-1.0
Duke University (NC)	15	7,296,545	6,839,780	-6.3	Wake Forest University (NC)	75	1,167,400	1,141,212	-2.2
Washington University in St. Louis (MO)	16	6,889,230	6,526,726	-5.3	Trinity University (TX)	76	1,192,777	1,091,849	-8.5
University of Chicago (IL)	17	6,553,571	6,121,266	-6.6	Liberty University (VA)	77	1,054,286	1,082,996	2.7
University of Virginia, Main Campus	18	6,098,997	5,774,744	-5.3	Saint Louis University (MO)	78	1,093,348	1,053,035	-3.7
Rice University (TX)	19	5,573,038	5,354,508	-3.9	Berea College (KY)	79	1,101,476	1,050,680	-4.6
University of Southern California	20	4,709,511	4,608,714	-2.1	Baylor College of Medicine (TX)	80	1,062,671	1,033,287	-2.8
Cornell University (NY)	21	4,760,560	4,524,419	-5.0	University of Texas Southwestern Medical Center	81	974,261	1,028,207	5.5
Dartmouth College (NH)	22	4,663,491	4,474,404	-4.1	Princeton Theological Seminary (NJ)	82	1,075,591	1,024,238	-4.8
Vanderbilt University (TN)	23	4,093,388	3,795,586	-7.3	University of Georgia	83	1,004,987	1,016,732	1.2
Ohio State University, Main Campus	24	3,640,909	3,689,936	1.3	Middlebury College (VT)	84	1,101,054	1,000,598	-9.1
New York University	25	3,475,939	3,587,113	3.2	University of Oklahoma, Norman Campus	85	1,042,859	999,845	-4.1
University of Pittsburgh, Pittsburgh Campus (PA)	26	3,565,684	3,501,944	-1.8	North Carolina State University at Raleigh	86	983,979	998,600	1.5
University of Texas at Austin	27	3,341,836	3,374,451	1.0	Indiana University, Bloomington	87	960,625	991,134	3.2
Johns Hopkins University (MD)	28	3,326,932	3,306,987	-0.6	University of Tulsa (OK)	88	1,043,055	975,601	-6.5
University of Minnesota, Twin Cities	29	3,113,770	3,089,350	-0.8	University of California, San Francisco	89	1,426,199	974,708	-31.7
University of Wisconsin, Madison	30	3,288,911	3,058,960	-7.0	University of Utah	90	899,178	957,990	6.5
University of Washington, Seattle Campus	31	3,148,084	3,004,445	-4.6	Berry College (GA)	91	887,981	944,411	6.4
Brown University (RI)	32	3,073,349	2,963,366	-3.6	Indiana University, Purdue University, Indianapolis	92	825,184	942,121	14.2
University of North Carolina at Chapel Hill	33	3,029,044	2,899,974	-4.3	Juilliard School (NY)	93	999,377	932,735	-6.7
Michigan State University	34	2,671,411	2,590,300	-3.0	Vassar College (NY)	94	982,971	928,817	-5.5
Pennsylvania State University, Main Campus	35	2,395,857	2,362,197	-1.4	Washington State University	95	885,900	907,828	2.5
Purdue University, Main Campus (IN)	36	2,392,725	2,244,743	-6.2	University of Arkansas	96	948,679	898,908	-5.2
California Institute of Technology	37	2,078,954	2,217,372	6.7	University of Nebraska, Lincoln	97	906,156	869,874	-4.0
University of Richmond (VA)	38	2,371,810	2,189,546	-7.7	University of Missouri, Columbia	98	871,126	869,566	-0.2
Williams College (MA)	39	2,265,857	2,159,403	-4.7	Brandeis University (MA)	99	915,087	866,778	-5.3
Boston College (MA)	40	2,258,601	2,109,860	-6.6	Rutgers University, New Brunswick (NJ)	100	710,802	865,867	21.8
Amherst College (MA)	41	2,193,511	2,031,843	-7.4	Hamilton College (NY)	101	919,578	861,749	-6.3
Pomona College (CA)	42	2,098,703	1,984,930	-5.4	University of Miami (FL)	102	887,329	844,643	-4.8
University of Rochester (NY)	43	2,050,199	1,927,498	-6.0	Santa Clara University (CA)	103	884,746	840,706	-5.0
Georgia Institute of Technology, Main Campus	44	1,858,977	1,843,764	-0.8	Virginia Polytechnic Institute and State U.	104	810,200	835,800	3.2
Wellesley College (MA)	45	1,881,031	1,784,479	-5.1	Colgate University (NY)	105	892,549	821,597	-7.9
Swarthmore College (PA)	46	1,845,799	1,746,962	-5.4	Oberlin College (OH)	106	871,965	808,301	-7.3
University of California, Berkeley	47	1,834,400	1,718,520	-6.3	Bryn Mawr College (PA)	107	867,728	803,898	-7.4
University of California, Los Angeles	48	2,328,472	1,703,587	-26.8	College of William and Mary (VA)	108	811,217	803,698	-0.9
Case Western Reserve University (OH)	49	1,775,999	1,662,739	-6.4	Wesleyan University (CT)	109	838,774	802,204	-4.4
Boston University (MA)	50	1,644,117	1,654,531	0.6	Thomas Jefferson University (PA)	110	708,033	787,426	11.2
Grinnell College (IA)	51	1,787,775	1,648,783	-7.8	Pepperdine University (CA)	111	785,767	781,341	-0.6
Smith College (MA)	52	1,781,763	1,627,469	-8.7	Cooper Union for the Advancement of Science and Art (NY)	112	738,488	777,134	5.2
Brigham Young University, Provo (UT)	53	1,581,452	1,571,803	-0.6	Lafayette College (PA)	113	809,061	774,729	-4.2
George Washington University (DC)	54	1,616,357	1,570,278	-2.9	University of Oregon	114	719,111	758,692	5.5
Tufts University (MA)	55	1,593,019	1,562,968	-1.9	University of Arizona	115	767,940	754,651	-1.7
University of Kansas	56	1,523,065	1,496,475	-1.7	Rochester Institute of Technology (NY)	116	761,936	750,895	-1.4
Georgetown University (DC)	57	1,528,869	1,483,502	-3.0	Medical College of Wisconsin	117	778,315	748,862	-3.8
Washington and Lee University (VA)	58	1,471,274	1,472,485	0.1	University of Louisville (KY)	118	844,288	738,982	-12.5
University of Florida	59	1,556,155	1,461,815	-6.1	Carleton College (MN)	119	783,456	738,136	-5.8
Texas Christian University	60	1,486,003	1,407,057	-5.3	Denison University (OH)	120	812,300	723,803	-10.9

† Not applicable.

1 Institutions ranked by size of endowment at end of 2016 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 2017, Finance component. (This table was prepared June 2018.)