Table 333.90.

Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2018

Institution	Fiscal year (FY) 2018				Institution	Fiscal year (FY) 2018
	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)	†	$597,008,695	$648,043,073	8.5
120 institutions with the largest amounts	†	442,307,601	482,184,763	9.0
Harvard University (MA)	1	37,096,474	39,233,736	5.8	Bowdoin College (ME)	61	1,455,909	1,628,165	11.8
University of Texas System Office	2	25,947,842	30,597,370	17.9	Southern Methodist University (TX)	62	1,505,303	1,619,232	7.6
Yale University (CT)	3	27,216,639	29,444,936	8.2	Washington and Lee University (VA)	63	1,547,135	1,603,114	3.6
Stanford University (CA)	4	24,784,943	26,464,912	6.8	Texas Christian University	64	1,471,789	1,595,949	8.4
Princeton University (NJ)	5	23,353,233	25,438,281	8.9	University of Illinois at Urbana-Champaign	65	1,534,717	1,578,169	2.8
Massachusetts Institute of Technology	6	14,832,483	16,400,027	10.6	University of Iowa	66	1,387,001	1,500,456	8.2
University of Pennsylvania	7	12,213,207	13,777,441	12.8	Liberty University (VA)	67	1,290,703	1,432,964	11.0
Texas A & M University, College Station	8	10,812,432	12,688,651	17.4	University of California, San Francisco	68	1,106,873	1,432,799	29.4
University of Michigan, Ann Arbor	9	10,777,563	11,733,013	8.9	University of Delaware	69	1,364,057	1,413,197	3.6
University of Notre Dame (IN)	10	9,684,936	11,065,058	14.3	Tulane University of Louisiana	70	1,297,740	1,383,967	6.6
Columbia University in the City of New York (NY)	11	9,996,596	10,869,245	8.7	University of Cincinnati, Main Campus (OH)	71	1,280,295	1,364,778	6.6
University of California System Admin Central Office	12	9,837,900	10,828,968	10.1	Lehigh University (PA)	72	1,278,120	1,353,116	5.9
Duke University (NC)	13	7,911,175	8,524,846	7.8	Syracuse University (NY)	73	1,258,728	1,338,287	6.3
Northwestern University (IL)	14	7,947,574	8,386,918	5.5	University of Kentucky	74	1,268,396	1,334,530	5.2
Emory University (GA)	15	7,613,022	7,985,467	4.9	Wake Forest University (NC)	75	1,205,323	1,329,255	10.3
Washington University in St Louis (MO)	16	7,214,958	7,687,392	6.5	Baylor University (TX)	76	1,231,712	1,310,781	6.4
University of Chicago (IL)	17	6,617,076	7,009,012	5.9	Trinity University (TX)	77	1,200,924	1,299,405	8.2
Cornell University (NY)	18	6,516,445	6,871,481	5.4	North Carolina State University at Raleigh	78	1,122,932	1,293,743	15.2
University of Virginia, Main Campus	19	6,308,922	6,856,258	8.7	Soka University of America (CA)	79	1,239,053	1,275,811	3.0
Rice University (TX)	20	5,835,568	6,228,857	6.7	University of Georgia	80	1,151,904	1,274,343	10.6
University of Southern California	21	5,130,520	5,544,267	8.1	Saint Louis University (MO)	81	1,149,590	1,226,095	6.7
Dartmouth College (NH)	22	4,956,494	5,494,203	10.8	University of Texas Southwestern Medical Center	82	1,115,840	1,199,509	7.5
Ohio State University, Main Campus	23	4,233,106	5,189,801	22.6	Berea College (KY)	83	1,150,360	1,192,078	3.6
Vanderbilt University (TN)	24	4,136,465	4,608,461	11.4	University of Arkansas	84	996,019	1,185,715	19.0
University of Wisconsin, Madison	25	3,759,387	4,243,440	12.9	Indiana University, Purdue University, Indianapolis	85	1,087,532	1,177,984	8.3
New York University	26	4,076,048	4,222,210	3.6	Baylor College of Medicine (TX)	86	1,133,559	1,171,285	3.3
Johns Hopkins University (MD)	27	3,744,751	4,190,520	11.9	Indiana University, Bloomington	87	1,081,730	1,154,032	6.7
University of Pittsburgh, Pittsburgh Campus (PA)	28	3,921,014	4,174,775	6.5	Virginia Polytechnic Institute and State U	88	987,600	1,136,900	15.1
University of Texas at Austin	29	3,678,480	4,039,907	9.8	Princeton Theological Seminary (NJ)	89	1,076,534	1,129,412	4.9
Brown University (RI)	30	3,245,531	3,603,848	11.0	Middlebury College (VT)	90	1,073,976	1,124,144	4.7
University of Washington, Seattle Campus	31	3,239,135	3,534,519	9.1	University of Tulsa (OK)	91	1,053,445	1,114,621	5.8
University of Minnesota, Twin Cities	32	3,290,771	3,500,753	6.4	Juilliard School (NY)	92	1,046,080	1,106,640	5.8
University of North Carolina at Chapel Hill	33	2,947,111	3,307,663	12.2	Vassar College (NY)	93	1,002,570	1,082,831	8.0
Michigan State University	34	3,084,973	3,306,597	7.2	Wesleyan University (CT)	94	967,177	1,065,219	10.1
California Institute of Technology	35	2,641,050	2,907,002	10.1	University of Utah	95	1,006,446	1,051,841	4.5
Pennsylvania State University, Main Campus	36	2,615,568	2,891,684	10.6	Brandeis University (MA)	96	976,887	1,046,386	7.1
Williams College (MA)	37	2,383,500	2,626,267	10.2	Washington State University	97	975,177	1,024,301	5.0
Boston College (MA)	38	2,334,883	2,515,667	7.7	University of Miami (FL)	98	948,579	1,021,508	7.7
University of Richmond (VA)	39	2,373,506	2,511,584	5.8	University of Nebraska, Lincoln	99	958,039	1,021,199	6.6
Amherst College (MA)	40	2,248,141	2,377,537	5.8	Massachusetts College of Pharmacy and Health Sciences	100	847,845	1,020,134	20.3
Purdue University, Main Campus (IN)	41	2,347,515	2,336,955	-0.4	Iowa State University	101	910,356	1,017,089	11.7
Pomona College (CA)	42	2,165,208	2,273,707	5.0	Rutgers University, New Brunswick (NJ)	102	985,463	1,015,059	3.0
University of Rochester (NY)	43	2,121,390	2,257,357	6.4	Hamilton College (NY)	103	954,714	1,012,841	6.1
Boston University (MA)	44	1,957,021	2,179,287	11.4	University of Missouri, Columbia	104	922,077	1,003,025	8.8
University of California, Los Angeles	45	1,961,228	2,125,752	8.4	Berry College (GA)	105	968,546	985,124	1.7
Swarthmore College (PA)	46	1,955,532	2,115,768	8.2	Santa Clara University (CA)	106	905,858	979,248	8.1
Wellesley College (MA)	47	1,930,752	2,105,212	9.0	University of Arizona	107	843,529	959,632	13.8
Georgia Institute of Technology, Main Campus	48	1,985,802	2,091,110	5.3	Oberlin College (OH)	108	879,535	947,149	7.7
University of California, Berkeley	49	1,909,978	1,999,056	4.7	Rochester Institute of Technology (NY)	109	847,211	938,162	10.7
Grinnell College (IA)	50	1,871,046	1,991,605	6.4	College of William and Mary (VA)	110	874,081	935,544	7.0
Brigham Young University, Provo (UT)	51	1,720,824	1,974,414	14.7	Thomas Jefferson University (PA)	111	841,741	932,897	10.8
Virginia Commonwealth University	52	1,843,001	1,951,337	5.9	Medical College of Wisconsin	112	875,817	930,961	6.3
Case Western Reserve University (OH)	53	1,798,790	1,886,761	4.9	Colgate University (NY)	113	881,303	923,604	4.8
Smith College (MA)	54	1,767,466	1,875,093	6.1	University of Oregon	114	828,459	912,512	10.1
Carnegie Mellon University (PA)	55	1,718,583	1,872,191	8.9	Pepperdine University (CA)	115	860,333	904,142	5.1
Tufts University (MA)	56	1,738,706	1,845,956	6.2	Bryn Mawr College (PA)	116	852,743	897,236	5.2
George Washington University (DC)	57	1,729,147	1,798,810	4.0	Carleton College (MN)	117	828,168	878,494	6.1
Georgetown University (DC)	58	1,661,745	1,769,557	6.5	Lafayette College (PA)	118	833,069	870,742	4.5
University of Kansas	59	1,634,789	1,765,780	8.0	Bucknell University (PA)	119	800,765	851,309	6.3
University of Florida	60	1,605,037	1,727,400	7.6	Denison University (OH)	120	797,249	850,416	6.7

†Not applicable.

1 Institutions ranked by size of endowment at end of 2018 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. In addition to individual degree-granting institution campuses, table includes two state university systems (University of Texas System Office and University of California System Admin Central Office).

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 2019, Finance component. (This table was prepared January 2020.)