Table 333.90.

Endowment funds of the 120 degree-granting postsecondary institutions with the largest endowments, by rank order: Fiscal year 2021

Institution	Fiscal year (FY) 2021
	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)	†	$691,144,829	$927,174,812	34.2
120 institutions with the largest endowments	†	515,583,129	702,117,471	36.2
Harvard University	1	41,894,380	53,165,753	26.9
Yale University	2	31,201,686	42,282,852	35.5
The University of Texas System Office	3	30,522,120	40,414,914	32.4
Stanford University	4	28,948,111	37,788,187	30.5
Princeton University	5	25,944,283	37,026,442	42.7
Massachusetts Institute of Technology	6	18,381,518	27,394,039	49.0
University of Pennsylvania	7	14,877,363	20,523,546	38.0
University of Notre Dame	8	12,319,422	18,385,354	49.2
Texas A & M University-College Station	9	12,734,068	16,895,504	32.7
University of Michigan-Ann Arbor	10	12,144,714	16,795,776	38.3
University of California-System Administration Central Office	11	12,267,010	16,463,910	34.2
Columbia University in the City of New York	12	11,257,021	14,349,970	27.5
Washington University in St Louis	13	8,489,294	13,668,081	61.0
Duke University	14	8,474,071	12,692,472	49.8
Emory University	15	9,169,028	12,218,693	33.3
Northwestern University	16	8,484,706	11,361,182	33.9
Vanderbilt University	17	6,917,371	10,928,512	58.0
University of Virginia-Main Campus	18	7,146,476	10,366,578	45.1
University of Chicago	19	7,199,521	9,594,956	33.3
Cornell University	20	6,882,708	9,474,388	37.7
Johns Hopkins University	21	6,750,092	9,315,279	38.0
Dartmouth College	22	5,975,180	8,484,189	42.0
University of Southern California	23	5,914,358	8,126,222	37.4
Rice University	24	6,166,323	8,080,292	31.0
Ohio State University-Main Campus	25	5,263,434	7,017,185	33.3
Brown University	26	4,377,466	6,520,175	48.9
The University of Texas at Austin	27	4,694,068	6,018,160	28.2
New York University	28	4,578,665	5,721,040	24.9
University of Wisconsin-Madison	29	4,587,597	5,662,371	23.4
University of Pittsburgh-Pittsburgh Campus	30	4,151,994	5,608,607	35.1
University of North Carolina at Chapel Hill	31	3,523,739	5,166,499	46.6
University of Minnesota-Twin Cities	32	3,699,522	5,155,556	39.4
University of Washington-Seattle Campus	33	3,713,005	4,684,981	26.2
The Pennsylvania State University	34	3,357,994	4,608,409	37.2
Michigan State University	35	3,473,657	4,429,673	27.5
California Institute of Technology	36	3,085,500	4,022,359	30.4
Williams College	37	2,727,113	3,911,574	43.4
Boston College	38	2,579,462	3,775,566	46.4
Amherst College	39	2,565,148	3,775,153	47.2
Purdue University-Main Campus	40	2,497,825	3,596,143	44.0
Boston University	41	2,421,115	3,392,513	40.1
University of Richmond	42	2,405,602	3,351,493	39.3
Wellesley College	43	2,285,397	3,236,785	41.6
University of Rochester	44	2,329,949	3,194,900	37.1
University of California-Los Angeles	45	2,359,984	3,161,977	34.0
University of Iowa	46	2,530,872	3,112,825	23.0
Carnegie Mellon University	47	2,068,860	3,092,064	49.5
Pomona College	48	2,254,547	3,031,446	34.5
University of California-Berkeley	49	2,173,287	2,985,932	37.4
Georgia Institute of Technology-Main Campus	50	2,169,707	2,971,501	37.0
Grinnell College	51	2,090,750	2,931,550	40.2
Swarthmore College	52	2,103,670	2,899,311	37.8
Virginia Commonwealth University	53	1,992,338	2,729,639	37.0
Bowdoin College	54	1,780,970	2,718,438	52.6
Tufts University	55	1,889,477	2,646,506	40.1
Georgetown University	56	1,863,711	2,592,048	39.1
Smith College	57	1,907,178	2,559,083	34.2
Brigham Young University	58	2,257,760	2,554,271	13.1
University of California-San Francisco	59	1,779,820	2,435,366	36.8
George Washington University	60	1,802,656	2,411,272	33.8
University of Kansas	61	1,830,892	2,398,680	31.0
University of Florida	62	1,844,523	2,375,793	28.8
University of Illinois at Urbana-Champaign	63	1,821,952	2,375,506	30.4
Case Western Reserve University	64	1,850,806	2,354,190	27.2
Indiana University-Purdue University-Indianapolis	65	1,722,778	2,252,020	30.7
University of Texas Southwestern Medical Center	66	1,639,357	2,224,718	35.7
Liberty University	67	1,714,463	2,156,599	25.8
Washington and Lee University	68	1,630,163	2,092,420	28.4
Southern Methodist University	69	1,614,131	2,069,879	28.2
Texas Christian University	70	1,584,160	2,001,837	26.4
Tulane University of Louisiana	71	1,458,648	1,972,827	35.3
University of Delaware	72	1,453,189	1,957,793	34.7
North Carolina State University at Raleigh	73	1,417,705	1,946,242	37.3
University of Kentucky	74	1,365,422	1,863,781	36.5
Wake Forest University	75	1,350,187	1,862,910	38.0
Baylor University	76	1,381,438	1,829,449	32.4
University of Georgia	77	1,362,446	1,818,866	33.5
Syracuse University	78	1,390,553	1,814,020	30.5
University of Cincinnati-Main Campus	79	1,414,930	1,809,967	27.9
Lehigh University	80	1,369,863	1,784,613	30.3
Trinity University	81	1,278,972	1,725,053	34.9
University of Arkansas	82	1,209,277	1,682,004	39.1
Virginia Polytechnic Institute and State University	83	1,329,400	1,680,300	26.4
Wesleyan University	84	1,130,907	1,669,796	47.7
Indiana University-Bloomington	85	1,209,430	1,668,817	38.0
Baylor College of Medicine	86	1,205,391	1,667,661	38.4
MCPHS University	87	1,214,213	1,660,130	36.7
Medical College of Wisconsin	88	1,233,714	1,626,374	31.8
Berea College	89	1,222,167	1,575,415	28.9
Soka University of America	90	1,231,957	1,564,125	27.0
Santa Clara University	91	1,034,167	1,537,642	48.7
Rutgers University-New Brunswick	92	1,150,827	1,534,726	33.4
Thomas Jefferson University	93	941,025	1,533,163	62.9
Saint Louis University	94	1,197,421	1,524,492	27.3
Middlebury College	95	1,133,644	1,511,001	33.3
Princeton Theological Seminary	96	1,135,934	1,486,666	30.9
Northeastern University	97	1,088,470	1,469,238	35.0
National University	98	966,159	1,415,758	46.5
Hamilton College	99	1,020,321	1,411,536	38.3
Iowa State University	100	1,034,248	1,403,260	35.7
University of Miami	101	1,050,754	1,393,437	32.6
The Juilliard School	102	1,063,434	1,382,295	30.0
Vassar College	103	1,097,976	1,378,988	25.6
University of Tulsa	104	1,082,619	1,375,160	27.0
University of Utah	105	1,071,908	1,362,088	27.1
University of Missouri-Columbia	106	1,065,747	1,360,462	27.7
University of Nebraska-Lincoln	107	1,008,858	1,358,276	34.6
Oberlin College	108	999,380	1,348,963	35.0
Davidson College	109	905,858	1,341,384	48.1
Claremont McKenna College	110	952,269	1,313,226	37.9
Washington State University	111	1,083,966	1,308,387	20.7
Rochester Institute of Technology	112	954,032	1,302,873	36.6
Brandeis University	113	1,073,589	1,286,002	19.8
William & Mary	114	967,685	1,278,380	32.1
Colgate University	115	959,653	1,263,024	31.6
University of Arizona	116	983,848	1,260,461	28.1
University of California-San Diego	117	895,245	1,258,061	40.5
Colby College	118	878,323	1,257,738	43.2
Arizona State University Campus Immersion	119	958,682	1,256,876	31.1
The University of Alabama	120	939,393	1,242,661	32.3

†Not applicable.

1Institutions ranked by size of endowment at end of 2021 fiscal year.

2Change 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 (The University of Texas System Office and University of California-System Administration Central Office).

SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2022, Finance component. (This table was prepared February 2023.)