List of colleges and universities in the United States by endowment
Many institutions of higher education in the United States maintain financial endowments, sums of money that are invested in stocks, yielding returns that fund a portion of an institution's operational expenses and help ensure that it survives in perpetuity.
U.S. colleges and universities maintain some of the largest endowments in the world, and make up the strong majority of educational institutions with endowments greater than $1 billion.
In 2005, the endowment table below totaled $219.37 billion. By 2015, the table totaled $394.96 billion, an increase of 80%. As of 2018[update], the total further increased to $479.23 billion.
The National Association of College and University Business Officers (NACUBO) maintains information on college endowments.[1][2]
Strong returns in fiscal 2020-21 led the largest university endowments to soar. The four largest endowments — Harvard, Yale, Stanford, and Princeton — increased in value from $127.24 billion to $171 billion in a single year.[3][4][5][6]
Enhancements and levies
The tabulated data below are from NACUBO. Some universities benefit from endowments that are not under their direct control but which are nonetheless dedicated to the welfare of one or several institutions. Examples include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Carver Charitable Trust.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.[7][8]
The endowment tax provision of the Tax Cuts and Jobs Act has been criticized as funding tax breaks for corporations and the wealthy at the expense of education.[9][10] Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research.[10][11] There continue to be vigorous efforts that advocate the repeal of the tax.[12] Repeal legislation with bipartisan cosponsorship was introduced, but not passed, by both the 115th United States Congress[13] and 116th United States Congress.[14]
Endowments greater than $1 billion
Private schools
Public schools
Endowments per student greater than $2 million
Institution | Endowment per capita (2021, student population over 1000)[20] |
---|---|
Princeton University | $4,475,012 |
Yale University | $3,528,573 |
Massachusetts Institute of Technology | $2,483,284 |
Stanford University | $2,442,491 |
Harvard University | $2,274,648 |
Amherst College | $2,163,411 |
Williams College | $2,131,269 |
Pomona College | $2,076,065 |
Swarthmore College | $2,017,613 |
See also
References
- ^ "National Association of College and University Business Officers". NACUBO. Retrieved July 19, 2013.
- ^ Ken Redd (May 26, 2020). "Historic Endowment Study Data". National Association of College and University Business Officers.
- ^ Virginia L. Ma and Kevin A. Simauchi (15 October 2021). "Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns". The Harvard Crimson. Retrieved 4 November 2021.
- ^ "Yale endowment earns 40.2% investment return in fiscal 2021". Yale News. 14 October 2021. Retrieved 4 November 2021.
- ^ Benjamin Zaidel (27 October 2021). "Stanford reports 'record year' of investment returns, nets $12.1 billion in gains". The Stanford Daily. Retrieved 4 November 2021.
- ^ "Princeton's endowment returns continue to support University mission and impact". Princeton University. 29 October 2021. Retrieved 4 November 2021.
- ^ "Wealthy colleges face uncertainty as they seek ways to avoid new endowment tax". Inside Higher Ed. Retrieved 2019-01-10.
- ^ "The wealthiest universities are paying big endowment tax bills, but how much are others who are on the hook paying?". Inside Higher Ed. Retrieved 2020-02-21.
- ^ "End the Endowment Tax". The Harvard Crimson. 20 February 2018. Retrieved 29 March 2020.
- ^ a b Wilson, John. "Why the Endowment Tax Is Unconstitutional". Inside Higher Ed. Retrieved 29 March 2020.
- ^ Powell, Alvin (21 December 2017). "Tax on university endowments passes". The Harvard Gazette. Harvard University. Retrieved 29 March 2020.
- ^ Kreighbaum, Andrew (23 April 2018). "Endowment Tax Fight Not Over Yet". Inside Higher Ed. Retrieved 29 March 2020.
- ^ "H.R.5220 - Don't Tax Higher Education Act". Congress.gov. United States Congress. Retrieved 21 June 2020.
- ^ "H.R.4438 - Don't Tax Higher Education Act". Congress.gov. United States Congress. Retrieved 21 June 2020.
- ^ a b "Table: U.S. and Canadian 2021 NTSE Participating Institutions Listed by Fiscal Year 2021 Endowment Market Value, and Change in Market Value from FY20 to FY21 (PDF)". National Association of College and University Business Officers. 2022.
{{cite web}}
: CS1 maint: url-status (link) - ^ "University of Chicago endowment ended FY21 at $11.6 billion | University of Chicago News". news.uchicago.edu. Retrieved 2022-05-20.
- ^ "Cornell Endowment Surges 42%, Largest Gain in More Than 35 Years". Bloomberg.com. 2021-10-14. Retrieved 2022-05-20.
- ^ "A Short Course in Sokanomics: Managing Finances to Support the University's Mission | Soka University of America".
- ^ University of Oregon Foundation. Retrieved August 24, 2022.
- ^ "U.S. and Canadian 2021 NTSE Participating Institutions Listed by Fiscal Year 2021 Endowment Market Value, Change in Market Value from FY20 to FY21, and FY21 Endowment Market Values Per Full-time Equivalent Student". National Association of College and University Business Officers. 2022.
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- Lists of universities and colleges in the United States
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