Massachusetts had 15 institutions on the list of the colleges with the greatest endowment wealth in the 2017 fiscal year. Those 15 colleges together had endowment value of more than $70 billion. That amount exceeds the estimated total national wealth of individual countries like Sri Lanka, Jordan, and Lithuania in 2017. The combined value of the endowments of the 15 California institutions on the list was $55 billion, with the 10 Texas institutions on the list not far behind. They had a combined value of more than $52 billion. In each of those two states, the endowments of the top institutions together were worth more than the national wealth of individual countries like Latvia, Estonia, and the Ukraine.
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| 1. | Harvard U. | $36,021,516,000 | 4.3% |
| 2. | Yale U. | $27,176,100,000 | 7.0% |
| 3. | U. of Texas system | $26,535,094,723 | 9.6% |
| 4. | Stanford U. | $24,784,943,000 | 10.7% |
| 5. | Princeton U. | $23,812,241,210 | 7.5% |
| 6. | Massachusetts Institute of Technology | $14,967,983,000 | 11.4% |
| 7. | U. of Pennsylvania | $12,213,201,645 | 14.0% |
| 8. | Texas A&M U. system and foundations | $11,556,259,952 | 9.6% |
| 9. | U. of Michigan (all campuses) | $10,936,013,561 | 12.2% |
| 10. | Northwestern U. | $10,436,692,000 | 8.2% |
| 11. | Columbia U. | $9,996,596,000 | 10.6% |
| 12. | U. of California | $9,787,626,628 | 17.3% |
| 13. | U. of Notre Dame | $9,352,376,000 | 11.7% |
| 14. | Duke U. | $7,911,174,871 | 15.7% |
| 15. | Washington U. in St. Louis | $7,860,774,068 | 11.4% |
| 16. | U. of Chicago | $7,523,720,000 | 7.5% |
| 17. | Emory U. | $6,905,465,247 | 7.9% |
| 18. | Cornell U. | $6,757,750,014 | 13.2% |
| 19. | U. of Virginia | $6,393,561,170 | 9.2% |
| 20. | Rice U. | $5,814,444,266 | 9.2% |
| 21. | U. of Southern California | $5,128,459,156 | 11.3% |
| 22. | Dartmouth College | $4,956,494,000 | 10.8% |
| 23. | Ohio State U. | $4,253,459,135 | 18.9% |
| 24. | Vanderbilt U. | $4,136,465,000 | 9.0% |
| 25. | New York U. | $3,991,638,128 | 14.5% |
| 26. | Pennsylvania State U. (all campuses) | $3,990,780,761 | 10.8% |
| 27. | U. of Pittsburgh (all campuses) | $3,945,687,000 | 11.9% |
| 28. | Johns Hopkins U. | $3,844,918,016 | 13.7% |
| 29. | U. of Minnesota and Foundation | $3,493,640,891 | 6.5% |
| 30. | Brown U. | $3,245,531,000 | 9.5% |
| 31. | U. of North Carolina at Chapel Hill and foundations | $3,027,227,483 | 4.8% |
| 32. | U. of Wisconsin Foundation | $2,746,470,216 | 13.5% |
| 33. | Michigan State U. | $2,682,868,543 | n/a |
| 34. | California Institute of Technology | $2,606,504,967 | 17.5% |
| 35. | U. of Illinois and Foundation | $2,556,723,368 | 12.7% |
| 36. | U. of Washington | $2,529,249,567 | 13.0% |
| 37. | Williams College | $2,508,773,232 | 11.2% |
| 38. | Purdue U. (all campuses) | $2,424,872,312 | 7.6% |
| 39. | U. of Richmond | $2,373,505,876 | 8.4% |
| 40. | Boston College | $2,317,300,000 | 12.3% |
| 41. | Amherst College | $2,248,140,501 | 10.6% |
| 42. | Indiana U. and Foundation (all campuses) | $2,229,361,026 | 12.2% |
| 43. | Pomona College | $2,167,019,386 | 9.2% |
| 44. | Carnegie Mellon U. | $2,154,098,260 | 26.1% |
| 45. | U. of Rochester | $2,121,390,000 | 10.1% |
| 46. | U. of California at Los Angeles Foundation | $2,062,572,957 | 14.4% |
| 47. | Rockefeller U. | $2,049,343,791 | 8.6% |
| 48. | Georgia Institute of Technology and related foundations | $1,985,801,588 | 7.7% |
| 49. | Boston U. | $1,957,021,000 | 18.3% |
| 50. | Swarthmore College | $1,955,532,000 | 11.9% |
| 51. | Wellesley College | $1,930,752,000 | 9.6% |
| 52. | Grinnell College | $1,871,046,109 | 13.5% |
| 53. | Virginia Commonwealth U. | $1,843,001,038 | 18.2% |
| 54. | U. of Toronto | $1,829,893,322 | 11.6% |
| 55. | Case Western Reserve U. | $1,798,789,589 | 8.2% |
| 56. | U. of California Berkeley Foundation | $1,794,602,103 | 13.2% |
| 57. | Smith College | $1,767,465,922 | 8.6% |
| 58. | Tufts U. | $1,738,706,000 | 11.2% |
| 59. | George Washington U. | $1,729,147,338 | 10.1% |
| 60. | Georgetown U. | $1,661,745,000 | 12.0% |
| 61. | U. of Oklahoma (all campuses) | $1,646,184,053 | 8.3% |
| 62. | U. of Nebraska system | $1,616,899,957 | 5.1% |
| 63. | Kansas University Endowment Association | $1,612,336,856 | 9.3% |
| 64. | U. of Florida Foundation | $1,612,003,411 | 10.3% |
| 65. | U. of Missouri system | $1,603,230,170 | 9.8% |
| 66. | Washington and Lee U. | $1,547,135,000 | 5.1% |
| 67. | Texas Christian U. | $1,520,621,972 | 0.4% |
| 68. | Southern Methodist U. | $1,514,606,643 | 9.4% |
| 69. | Bowdoin College | $1,455,909,427 | 8.7% |
| 70. | U. of Iowa and Foundation | $1,387,001,425 | 10.1% |
| 71. | U. of Delaware | $1,364,057,422 | 8.1% |
| 72. | U. of Alabama system | $1,351,160,037 | 10.7% |
| 73. | U. of California San Francisco Foundation | $1,306,564,460 | 14.7% |
| 74. | Liberty U. | $1,290,702,849 | 19.2% |
| 75. | Tulane U. | $1,288,374,000 | 12.0% |
| 76. | U. of Kentucky | $1,285,114,000 | 15.0% |
| 77. | U. of Cincinnati | $1,282,742,689 | 10.1% |
| 78. | Lehigh U. | $1,278,120,000 | 9.9% |
| 79. | U. of British Columbia | $1,269,850,915 | 11.3% |
| 80. | Texas Tech U. system | $1,261,576,469 | 12.0% |
| 81. | Syracuse U. | $1,258,728,050 | 8.8% |
| 82. | Baylor U. | $1,230,958,000 | 7.6% |
| 83. | McGill U. (Quebec) | $1,230,605,293 | 9.8% |
| 84. | Rutgers, the State U. of New Jersey | $1,220,265,086 | 12.6% |
| 85. | U. of Colorado Foundation | $1,220,204,322 | 14.8% |
| 86. | U. of Tennessee | $1,214,619,000 | 10.5% |
| 87. | Wake Forest U. | $1,205,322,866 | 5.6% |
| 88. | Trinity U. (Tex.) | $1,194,249,976 | 10.1% |
| 89. | Baylor College of Medicine | $1,166,562,295 | 9.7% |
| 90. | U. of Georgia and related foundations | $1,151,903,514 | 13.3% |
| 91. | Berea College | $1,150,360,300 | 9.5% |
| 92. | Saint Louis U. | $1,146,864,529 | 9.0% |
| 93. | U. of Utah | $1,127,686,313 | 5.2% |
| 94. | North Carolina State U. and related foundations | $1,122,899,000 | 12.4% |
| 95. | University System of Maryland Foundation | $1,099,864,000 | 13.5% |
| 96. | Middlebury College | $1,073,976,000 | 7.3% |
| 97. | Princeton Theological Seminary | $1,066,351,281 | 7.1% |
| 98. | U. of Tulsa | $1,026,476,382 | 7.2% |
| 99. | U. of Alberta | $1,003,725,226 | 10.8% |
| 100. | Vassar College | $1,002,570,163 | 7.9% |
| 101. | U. of Arkansas at Fayetteville | $996,019,066 | 10.8% |
| 102. | Virginia Tech Foundation | $995,807,448 | 18.1% |
| 103. | Brandeis U. | $976,887,030 | 12.7% |
| 104. | Washington State U. | $974,028,621 | 7.3% |
| 105. | Carnegie Institution of Washington | $967,689,490 | 7.2% |
| 106. | U. of Houston system | $962,296,848 | 29.7% |
| 107. | Berry College | $959,995,521 | 2.6% |
| 108. | U. of Miami | $948,579,230 | 12.3% |
| 109. | Santa Clara U. | $905,858,000 | 7.6% |
| 110. | Hamilton College (N.Y.) | $905,758,539 | 10.8% |
| 111. | Oklahoma State U. Foundation | $903,414,568 | 6.7% |
| 112. | Wesleyan U. (Conn.) | $897,800,000 | 16.6% |
| 113. | Colgate U. | $881,322,950 | 7.3% |
| 114. | Medical College of Wisconsin | $875,817,174 | 17.0% |
| 115. | College of William & Mary and foundations | $874,080,692 | 8.8% |
| 116. | U. of California at Irvine Foundation | $869,490,904 | 74.5% |
| 117. | Pepperdine U. | $861,613,108 | 12.2% |
| 118. | Loma Linda U. | $848,070,180 | 8.1% |
| 119. | Bryn Mawr College | $845,863,802 | 6.1% |
| 120. | U. of Arizona and Foundation | $843,529,009 | 11.8% |
| 121. | Rochester Institute of Technology | $842,305,184 | 13.1% |
| 122. | Iowa State U. and Foundation | $838,870,991 | 10.3% |
| 123. | Oberlin College | $838,198,625 | 8.8% |
| 124. | Louisiana State U. system (all campuses) | $835,175,551 | 6.8% |
| 125. | U. of Oregon Foundation | $828,459,042 | 9.2% |
| 126. | Carleton College | $828,168,145 | 12.2% |
| 127. | U. of Massachusetts Foundation | $819,686,785 | 11.6% |
| 128. | Bucknell U. | $800,765,000 | 10.8% |
| 129. | Cooper Union for the Advancement of Science and Art | $798,919,435 | 2.8% |
| 130. | Lafayette College | $790,304,000 | 7.8% |
| 131. | Queen’s U. (Ontario) | $789,167,138 | 9.0% |
| 132. | Claremont McKenna College | $784,363,000 | 10.6% |
| 133. | Denison U. | $782,543,742 | 9.3% |
| 134. | Northeastern U. | $778,948,000 | 12.4% |
| 135. | Colby College | $775,129,000 | 9.1% |
| 136. | U. of South Carolina and affiliated foundations | $770,781,793 | n/a |
| 137. | College of the Holy Cross | $748,948,000 | 10.0% |
| 138. | Macalester College | $747,748,014 | 6.8% |
| 139. | Colorado College | $743,175,058 | 8.8% |
| 140. | Auburn U. and Foundation | $738,017,552 | 14.1% |
| 141. | Mount Holyoke College | $729,438,097 | 9.5% |
| 142. | University System of New Hampshire and foundations | $726,364,631 | 11.5% |
| 143. | U. of Louisville Foundation | $719,000,703 | 0.5% |
| 144. | St. John’s U. (N.Y.) | $716,485,000 | 11.4% |
| 145. | Davidson College | $716,203,023 | 10.4% |
| 146. | Oklahoma State Regents for Higher Education | $711,415,075 | 9.1% |
| 147. | U. of Denver | $711,345,798 | 17.1% |
| 148. | Drexel U. | $707,650,252 | 8.8% |
| 149. | Fordham U. | $691,077,000 | 11.1% |
| 150. | Clemson U. Foundation | $682,736,211 | 9.9% |
| 151. | Principia Corporation (includes Principia College) | $682,373,271 | 2.6% |
| 152. | Rensselaer Polytechnic Institute | $677,231,000 | 6.7% |
| 153. | U. of Mississippi Foundation | $670,619,090 | 11.2% |
| 154. | DePauw U. | $669,139,147 | 8.9% |
| 155. | Arizona State U. and Foundation | $665,488,307 | 8.6% |
| 156. | Furman U. | $661,046,233 | 8.4% |
| 157. | U. at Buffalo Foundation | $659,156,156 | 9.7% |
| 158. | Oregon Health & Science U. Foundation | $655,991,532 | 15.0% |
| 159. | American U. | $647,138,395 | 12.2% |
| 160. | Villanova U. | $645,567,827 | 17.2% |
| 161. | Yeshiva U. | $644,569,632 | 3.0% |
| 162. | Florida State U. Foundation | $639,371,375 | 9.4% |
| 163. | Marquette U. | $626,169,323 | 13.8% |
| 164. | U. of California at San Diego Foundation | $621,440,385 | 15.9% |
| 165. | American U. of Beirut | $604,617,000 | 16.2% |
| 166. | Rush U. Medical Center | $595,868,579 | 10.6% |
| 167. | Loyola U. Chicago | $595,819,000 | 11.3% |
| 168. | Temple U. | $581,960,000 | 17.8% |
| 169. | Trinity College (Conn.) | $577,375,873 | 10.1% |
| 170. | West Virginia U. Foundation | $566,425,682 | 10.8% |
| 171. | McMaster U. (Ontario) | $564,991,927 | 10.7% |
| 172. | Oregon State U. Foundation | $549,447,752 | 11.6% |
| 173. | Reed College | $539,667,947 | 8.7% |
| 174. | Ohio U. and Foundation | $536,197,227 | 11.3% |
| 175. | Creighton U. | $525,581,495 | 17.2% |
| 176. | U. of Dayton | $524,186,115 | 10.8% |
| 177. | American U. in Cairo | $519,273,356 | 4.8% |
| 178. | Whitman College | $518,290,323 | 8.5% |
| 179. | Hofstra U. | $516,319,248 | 24.2% |
| 180. | Miami U. Foundation (Ohio) | $512,400,080 | 14.7% |
| 181. | Haverford College | $511,533,000 | 8.5% |
| 182. | Kansas State U. Foundation | $506,232,000 | 6.4% |
| 183. | U. of Western Ontario | $505,620,616 | 15.6% |
| 184. | U. of San Diego | $503,568,114 | 12.0% |
| 185. | Worcester Polytechnic Institute | $502,471,000 | 7.8% |
Note: Data represent 809 U.S. college and university endowments and affiliated foundations with combined assets of $567 billion, along with 13 Canadian universities, whose endowment values are expressed in U.S. dollars. The one-year percentage-change column indicates changes in endowments’ market value from the end of the 2016 fiscal year, which for most colleges closed on June 30, 2016, to the end of the 2017 fiscal year, which for most colleges closed on June 30, 2017. Percentage change does not represent the rate of return on the institution’s investments but rather the net effect of withdrawals, payment of fees, contributions of donors, and investment gains or losses. Large percentage changes should be interpreted cautiously because they can result from fluctuations in the estimated valuations of real estate and other “illiquid” assets, or transfers from other institutional budget accounts. National-wealth comparisons were based on figures from Credit Suisse’s Global Wealth Databook 2017. An interactive tool with endowment data from 2007 to 2017 is on The Chronicle’s website. More data can be found here. Questions or comments on the Almanac should be sent to the Almanac editor.
Source: National Association of College and University Business Officers and Commonfund Institute
