NCSE Endowment Market Values

Fiscal Year (FY) 2023 Endowment Market Value of U.S.
and Canadian Higher Education Insti

*This table includes the endowment values of institutions that volunteered to participate in the 2023 NACUBO-Co
1
PLEASE NOTE: The Change in Endowment Market Value is NOT the investment rate of return. See the footnote a
3
See the footnote at the bottom of the table for definitions of full-time equivalent (FTE) enrollment and endowm
The data in this spreadsheet will NOT agree with data presented in any other tables or charts in the 2023 NACUBO
Survey respondents highlighted in Green are based on higher education institutions located in Canada. No data from
Survey respondents highlighted in Blue are based on the endowment values of two or more survey responses that
Please see the footnotes below for additional details related to the endowment values presented in this table.
Rank IPEDS Unit ID2 Institution Name

1 166027 Harvard University
2 229090 University of Texas System
3 130794 Yale University
4 243744 Stanford University
5 186131 The Trustees of Princeton University
6 166683 Massachusetts Institute of Technology
7 215062 Trustees of the University of Pennsylvania
8 228732 The Texas A&M University System & Related Foundations*
9 170976 University of Michigan
10 124557 The Regents of the University of California
11 152080 University of Notre Dame
12 147767 Northwestern University
13 190150 Trustees of Columbia University
14 198419 Duke University
15 179867 Washington University
16 162928 The Johns Hopkins University
17 139658 Emory University
18 190415 Cornell University
19 144050 The University of Chicago
20 234076 University of Virginia
21 221999 Vanderbilt University
22 182670 Dartmouth College
23 123961 University of Southern California
24 204796 The Ohio State University
25 227757 Rice Management Company
26 217156 Brown University
27 193900 New York University#
28 174066 University of Minnesota & Foundation**
29 215293 University of Pittsburgh
30 199120 University of North Carolina at Chapel Hill and Foundations
31 236948 University of Washington
32 214777 The Pennsylvania State University
33 171100 Michigan State University
34 211440 Carnegie Mellon University+
35 110662 UCLA Foundation
36 240444 University of Wisconsin Foundation
37 243780 Purdue University
38 110404 California Institute of Technology
39 151351 Indiana University Foundation
40 168342 Williams College
41 164924 Trustees of Boston College
42 149587 University of Illinois & Foundation***
43 164465 Amherst College
44 131496 Georgetown University
45 153658 University of Iowa and Foundations
46 233374 University of Richmond
47 164988 Boston University
48 139755 Georgia Institute of Technology and Related Foundations
49 110635 University of California Berkeley Foundation
50 168218 Wellesley College
51 195030 University of Rochester
52 121345 Pomona College
53 216287 Swarthmore College
54 110699 University of California San Francisco Foundation
55 234030 Virginia Commonwealth University and Affiliated Entities
56 228875 Texas Christian University
57 131469 George Washington University
58 153384 Trustees of Grinnell College
59 167835 Smith College
60 N/A University of Toronto
61 161004 Bowdoin College
62 168148 Tufts University
63 195049 The Rockefeller University
64 155317 The Kansas University Endowment Association
65 134130 University of Florida Foundation Inc.
66 181464 University of Nebraska Board of Regents
67 201645 Case Western Reserve University
68 178439 University of Missouri System
69 160755 Tulane University
70 128300 University of Colorado Foundation
71 164146 The University System of Maryland Foundation
72 100733 The Board of Trustees of the University of Alabama
73 228246 Southern Methodist University
74 199193 NC State University and Related Foundations
75 186380 Rutgers The State University of New Jersey
76 234207 Washington & Lee University
77 223232 Baylor University
78 199847 Wake Forest University
79 196413 Syracuse University
80 130943 University of Delaware
81 139959 The University of Georgia and Related Foundations
82 157085 University of Kentucky
83 233921 Virginia Tech Foundation
84 213543 Lehigh University
85 179159 Saint Louis University
86 229115 Texas Tech University System
87 207388 Oklahoma State University Foundation
88 167358 Northeastern University
89 229267 Trinity University
90 153603 Iowa State University and Foundation
91 230764 The University of Utah
92 239169 The Medical College of Wisconsin
93 492263 The University of Tennessee System
94 N/A The University of British Columbia
95 108056 University of Arkansas at Fayetteville and Foundation
96 156295 Berea College
97 209551 University of Oregon Foundation
98 130697 Wesleyan University
99 122931 Santa Clara University
100 223223 Baylor College of Medicine
101 N/A McGill University
102 230959 Middlebury College
103 104151 Arizona State University & Foundation
104 186122 Princeton Theological Seminary
105 135726 University of Miami§
106 110680 UC San Diego Foundation
107 231624 William & Mary and Foundations
108 201885 University of Cincinnati
109 198385 Davidson College
110 166665 The University of Massachusetts Foundation
111 117636 Loma Linda University
112 N/A The Governors of The University of Alberta
113 104179 The University of Arizona and the University of Arizona Foundation
114 191515 Hamilton College
115 195003 Rochester Institute of Technology
116 236939 Washington State University
117 139144 Berry College
118 207971 University of Tulsa
119 209490 Oregon Health and Science University Foundation^
120 197133 Vassar College
121 216597 Villanova University
122 165015 Brandeis University
123 190099 Colgate University
124 204501 Oberlin College
125 173258 Carleton College
126 211273 Bryn Mawr College
127 121150 Pepperdine University
128 112260 Claremont McKenna College
129 N/A Queen's University
130 161086 The President and Trustees of Colby College
131 N/A Oklahoma State Regents for Higher Education
132 N/A McMaster University
133 211291 Bucknell University
134 100858 Auburn University and Foundation
135 159391 Louisiana State University Systemi
136 213385 Lafayette College
137 229407 University of Houston System
138 166124 College of the Holy Cross
139 166939 Trustees of Mount Holyoke College
140 217882 Clemson University Foundation
141 127060 University of Denver
142 202523 Denison University
143 N/A Carnegie Institution of Washington
144 191241 Fordham University
145 131159 American University
146 146719 Loyola University of Chicago
147 196088 University at Buffalo Foundation
148 212054 Drexel University
149 155399 Kansas State University Foundation
150 218663 University of South Carolina and Affiliated Foundations
151 134097 Florida State University Foundation
152 131520 Howard University
153 194824 Rensselaer Polytechnic Institute
154 157289 University of Louisville Foundation
155 239105 Marquette University
156 144740 DePaul University
157 183327 University System of New Hampshire & University of New Hampshire
158 126678 The Colorado College
159 148016 The Principia Corporation
160 173902 Macalester College
161 238032 West Virginia University Foundation
162 N/A The University of Western Ontario
163 N/A American University of Beirut
164 216339 Temple University
165 176017 University of Mississippi Foundation
166 N/A Oregon State University Foundation
167 202480 University of Dayton
168 110653 University of California Irvine Foundation
169 148511 Rush University Medical Center
170 130590 Trinity College
171 191649 Hofstra University
172 218070 Furman University
173 195809 St. John's University New Yorkx
174 222178 Abilene Christian University°
175 240727 University of Wyoming Foundation
176 150400 DePauw University
177 209922 Reed College
178 181002 Creighton University
179 143853 Midwestern University
180 N/A Medical College of Virginia Foundation
181 204024 Miami University Foundation
182 237057 Whitman College
183 174844 St. Olaf College
184 228459 Texas State University System¶
185 130226 Quinnipiac University
186 176080 Mississippi State University & Foundation
187 234085 VMI Alumni Agencies
188 240435 University of Wisconsin System
189 204857 Ohio University and The Ohio University Foundation
190 164580 Babson College
191 111948 Chapman University
192 110644 UC Davis Foundation
193 N/A Dalhousie University
194 122436 University of San Diego
195 N/A Whitehead Institute for Biomedical Research
196 N/A National Academy of Sciences
197 197708 Yeshiva University
198 174914 University of St. Thomas
199 187985 University of New Mexico Foundation
200 117946 Loyola Marymount University
201 212911 Haverford College
202 172699 Western Michigan University Foundation
203 137351 University of South Florida Foundation
204 168421 Worcester Polytechnic Institute
205 N/A Lebanese American University
206 120254 Occidental College
207 120883 University of the Pacific
208 212009 Dickinson College
209 126818 Colorado State University Foundation
210 206084 University of Toledo Foundation
211 110705 University of California Santa Barbara Foundation
212 129020 The University of Connecticut Foundation
213 178697 College of the Ozarks
214 212106 Duquesne University of the Holy Spirit
215 203535 Kenyon College
216 149781 Wheaton College
217 230728 Utah State University
218 122612 University of San Francisco
219 196866 Union College
220 172644 Wayne State University Foundation
221 141963 University of Hawaii Foundation
222 N/A Simon Fraser University
223 123165 Scripps College
224 141060 Spelman College
225 218335 Medical University of South Carolina Foundation
226 N/A West Point Association of Graduates
227 215770 Saint Joseph's University
228 189097 Barnard College
229 165334 Trustees of Clark University
230 221519 The University of the South
231 136950 Rollins College
232 193654 The New School
233 128902 Connecticut College
234 236328 University of Puget Sound
235 195526 Skidmore College
236 196468 Teachers College Columbia University
237 239017 Lawrence University
238 N/A Michigan State University Research Foundation
239 200332 North Dakota State University Foundation
240 160977 Bates College
241 N/A The Brookings Institution
242 129242 Fairfield University
243 150455 Earlham College
244 218973 Wofford College
245 N/A University of South Alabama Foundation
246 122409 The Campanile Foundation (San Diego State University)
247 235316 Gonzaga University
248 115409 Harvey Mudd College
249 221351 Rhodes College
250 212577 Franklin and Marshall College
251 184782 Rowan University
252 217864 The Citadel
253 164748 Berklee College of Music
254 142285 University of Idaho Foundation
255 217493 Rhode Island School of Design
256 206589 The College of Wooster
257 192448 Long Island University
258 196097 SUNY Stony Brook Foundation
259 212674 Gettysburg College
260 N/A University of Victoria Foundation
261 156408 Centre College of Kentucky
262 152673 Wabash College
263 199148 University of North Carolina at Greensboro Investment Fund
264 182281 University of Nevada Las Vegas Foundation
265 126775 Colorado School of Mines Foundation
266 200280 University of North Dakota Alumni Association & Foundation
267 195216 St. Lawrence University
268 228343 Southwestern University
269 191968 Ithaca College
270 131283 The Catholic University of America
271 137546 Stetson University
272 143048 School of the Art Institute of Chicago
273 143358 Bradley University
274 188030 New Mexico State University Foundation
275 220862 The University of Memphis
276 206695 Youngstown State University Foundation
277 156125 Wichita State University Foundation
278 232982 Old Dominion University Educational Foundation£
279 193016 Mercy University
280 198516 Elon University
281 219709 Belmont University
282 186584 Seton Hall University
283 168847 Baker College
284 186867 Stevens Institute of Technology
285 214175 Muhlenberg College
286 199139 University of North Carolina at Charlotte
287 152600 Valparaiso University
288 209056 Lewis & Clark College
289 161253 University of Maine Foundation
290 219471 University of South Dakota Foundation
291 133951 Florida International University Foundation Inc.
292 210401 Willamette University€
293 163046 Loyola University Maryland
294 219000 Medical College of Georgia Foundation
295 236595 Seattle University
296 173647 Gustavus Adolphus College
297 N/A University of New Brunswick
298 227216 University of North Texas Foundation
299 209825 University of Portland
300 215929 University of Scranton
301 N/A The RAND Corporation
302 170301 Hope College
303 167996 Stonehill College
304 170532 Kalamazoo College
305 198464 East Carolina University
306 N/A Carleton University
307 174792 Saint John's University
308 133553 Embry-Riddle Aeronautical University
309 164216 Washington College
310 139348 Columbia Theological Seminary
311 130253 Sacred Heart University
312 133669 Florida Atlantic University Foundation
313 150163 Butler University
314 153269 Drake University
315 151801 Indiana Wesleyan University
316 110422 California Polytechnic State University Foundation
317 210669 Allegheny College
318 203368 John Carroll University
319 169080 Calvin University
320 145646 Illinois Wesleyan University
321 152318 Rose-Hulman Institute of Technology
322 168281 Wheaton College (MA)
323 194578 Pratt Institute
324 232308 Hollins University
325 N/A University of Ottawa
326 180489 The University of Montana Foundation
327 168005 Suffolk University
328 169248 Central Michigan University
329 206622 Xavier University
330 232256 Hampden-Sydney College
331 165662 Emerson College
332 162654 Goucher College
333 102094 University of South Alabama
334 121691 University of Redlands
335 228149 St. Mary's University
336 192323 Le Moyne College
337 194310 Pace University
338 219356 South Dakota State University Foundation
339 157951 Western Kentucky University and Foundations
340 159656 Loyola University New Orleans
341 110556 California State University Fresno Foundation
342 132903 University of Central Florida Foundation
343 139940 Georgia State University Foundation
344 138600 Agnes Scott College
345 167783 Simmons University
346 217484 University of Rhode Island Foundation & Alumni Engagement
347 111081 California Institute of the Arts
348 191630 Hobart & William Smith Colleges
349 190044 Clarkson University
350 163976 St. John's College
351 217165 Bryant University
352 107044 Harding University
353 201441 Bowling Green State University Foundation
354 233295 Randolph-Macon College
355 191931 Iona University
356 177092 Concordia Seminary
357 110608 California State University Northridge Foundation
358 145813 Illinois State University Foundation
359 160658 University of Louisiana at Lafayette Foundation
360 143084 Augustana College
361 216278 Susquehanna University
362 183239 Saint Anselm College
363 230782 Weber State University
364 156222 Asbury Theological Seminary
365 105330 Northern Arizona University Foundation
366 153834 Luther College
367 112251 Claremont Graduate University
368 198136 Campbell University
369 N/A Mennonite Education Agency Investment Fund LLC
370 237525 The Marshall University Foundation
371 135717 Miami Dade College Foundation
372 237066 Whitworth University
373 149222 Southern Illinois University Foundation
374 154095 University of Northern Iowa Foundation
375 213668 Lycoming College
376 170082 Grand Valley State University
377 196079 The Foundation of the SUNY at Binghamton Inc.
378 122755 San Jose State University and Tower Foundation
379 221740 University of Chattanooga Foundation
380 102368 Troy University Foundation
381 232186 George Mason University Foundation Inc.
382 220792 Meharry Medical College
383 156082 Washburn University Foundation
384 173300 Concordia College
385 188641 Alfred University
386 201195 Baldwin Wallace University
387 239716 St. Norbert College
388 161457 University of New England
389 N/A Mount Allison University
390 203517 Kent State University Foundation
391 222983 Austin College
392 177065 Columbia College
393 225627 University of the Incarnate Word
394 236577 Seattle Pacific University
395 240268 University of Wisconsin-Eau Claire Foundation
396 110529 Cal Poly Pomona Philanthropic Foundation
397 199102 North Carolina A&T State University and Foundation
398 119173 Mount Saint Mary's University Los Angeles
399 204185 University of Mount Union
400 122597 San Francisco State University Foundation
401 150756 Hanover College
402 185828 New Jersey Institute of Technology
403 151290 Indiana Institute of Technology
404 233426 Roanoke College
405 107141 John Brown University
406 199412 Queens University of Charlotte
407 171128 Michigan Technological University
408 220075 East Tennessee State University
409 144962 Elmhurst University
410 155061 Fort Hays State University Foundation
411 231970 Eastern Virginia Medical School Foundation
412 153001 Buena Vista University
413 198695 High Point University
414 168227 Wentworth Institute of Technology
415 238476 Carthage College
416 223001 Austin Presbyterian Theological Seminary
417 199218 University of North Carolina Wilmington
418 110097 Biola University
419 164270 McDaniel College
420 190503 Culinary Institute of America
421 142115 Boise State University Foundation
422 189705 Canisius University
423 136172 University of North Florida Foundation
424 216524 Ursinus College
425 145691 Illinois College
426 195304 Sarah Lawrence College
427 220978 Middle Tennessee State University Foundation
428 109651 Art Center College of Design
429 110413 California Lutheran University
430 110565 California State University Fullerton Philanthropic Foundation
431 232423 James Madison University Foundation Inc.
432 195720 St. John Fisher University
433 232609 University of Lynchburg
434 227862 University of St. Thomas
435 216807 Westminster College
436 107558 University of the Ozarks
437 176372 University of Southern Mississippi Foundation
438 110361 California Baptist University
439 198835 Lenoir-Rhyne University
440 201548 Capital University
441 165699 Endicott College
442 217819 College of Charleston Foundation
443 205957 Franciscan University of Steubenville
444 106245 University of Arkansas Little Rock
445 179265 University of Health Sciences and Pharmacy in St. Louis
446 171571 Oakland University
447 198950 Meredith College
448 196307 SUNY Health Science Center at Syracuse
449 147660 North Central College
450 157447 Northern Kentucky University Foundation
451 227845 St. Edward's University
452 213996 Messiah University
453 237011 Western Washington University Foundation
454 162760 Hood College of Frederick Maryland
455 181020 Doane University
456 213251 Juniata College
457 204936 Otterbein University
458 169910 The Ferris Foundation
459 174747 College of Saint Benedict
460 238616 Concordia University of Wisconsin
461 196060 University at Albany Foundation
462 110583 California State University Long Beach 49er Foundation
463 229179 Texas Woman's University Foundation
464 146481 Lake Forest College
465 106458 Arkansas State University System Foundation
466 206604 Wright State University Foundation
467 133650 Florida Agricultural and Mechanical University
468 216852 Widener University
469 210739 DeSales University
470 209065 Linfield University
471 127741 University of Northern Colorado Foundation
472 144892 Eastern Illinois University Foundation
473 177117 Cottey College
474 174899 College of St. Scholastica
475 157401 Murray State University
476 486840 Kennesaw State University
477 171492 Northwood University
478 111966 Charles R. Drew University of Medicine and Science
479 172051 Saginaw Valley State University Foundation
480 209807 Portland State University Foundation
481 219976 Lipscomb University
482 231581 Bridgewater College
483 185590 Montclair State University Foundation
484 108092 University of Arkansas Fort Smith Foundation
485 163453 Morgan State University Foundation
486 234155 Virginia State University
487 194091 New York Institute of Technology
488 155025 Emporia State University Foundation
489 136330 Palm Beach Atlantic University
490 147703 Northern Illinois University Foundation
491 202806 Franklin University
492 147679 North Park University
493 212197 Elizabethtown College
494 232566 Longwood University Foundation
495 142276 Idaho State University Foundation
496 167899 Springfield College
497 184603 Fairleigh Dickinson University
498 228981 Texas Lutheran University
499 153108 Central College
500 169716 University of Detroit Mercy
501 217518 Roger Williams University
502 221847 Tennessee Technological University Foundation
503 139931 Georgia Southern University Foundation
504 150604 Franklin College
505 204264 Muskingum University
506 231059 Saint Michael's College
507 202356 Cuyahoga Community College Foundation
508 138354 University of West Florida Foundation
509 153162 Cornell College
510 224323 University of Dallas
511 134079 Florida Southern College
512 139366 Columbus State University Foundation
513 151324 Indiana State University Foundation
514 125727 Westmont College
515 203845 Marietta College
516 156620 Eastern Kentucky University Foundation
517 127918 Regis University±
518 128771 Central Connecticut State University
519 133711 Flagler College
520 110538 The University Foundation California State University Chico
521 132851 College of Central Florida Foundation
522 155681 Pittsburg State University Foundation
523 238458 Carroll University
524 229355 Tyler Junior College Foundation
525 193584 Nazareth University
526 195164 St. Bonaventure University
527 239318 Milwaukee School of Engineering
528 232937 Norfolk State University Foundation
529 196130 Buffalo State College Foundation
530 177214 Drury University
531 N/A University of Northern British Columbia
532 214379 Northampton County Area Community College Foundation
533 234933 Clark Community College District No 14 Foundation
534 233541 Shenandoah University
535 N/A Foundation for Indiana University of Pennsylvania
536 110617 University Foundation at Sacramento State
537 218964 Winthrop University Foundation
538 212601 Gannon University
539 193830 New York Medical College
540 154174 Palmer College Foundation
541 191676 Houghton University
542 224305 Dallas Theological Seminary
543 196185 SUNY Oneonta Foundation
544 199111 University of North Carolina at Asheville
545 163851 Salisbury University Foundation
546 173045 Augsburg University
547 229160 Texas Wesleyan University
548 197221 Webb Institute
549 218724 Coastal Educational Foundation (Coastal Carolina University)
550 178059 Maryville University of St. Louis
551 211088 Arcadia University
552 204200 Mount St. Joseph University
553 186283 Rider University
554 173920 Minnesota State University Mankato Foundation
555 214069 Misericordia University
556 209542 Oregon State University
557 182634 Colby-Sawyer College
558 180416 Montana Technological University Foundation
559 123572 Sonoma State University Foundation
560 233277 Radford University Foundation
561 211158 The Bloomsburg University Foundation
562 193751 Northeast College of Health Sciences
563 136774 Ringling College of Art & Design
564 155089 Friends University
565 215743 Saint Francis University
566 168254 Western New England University
567 178615 Truman State University
568 196194 Oswego College Foundation Inc.
569 196149 SUNY Cortland
570 156286 Bellarmine University
571 215105 The University of the Arts
572 180106 Carroll College
573 193353 Mount Saint Mary College
574 221661 Southern Adventist University
575 N/A Gateway Seminary
576 147536 National Louis University
577 147828 Olivet Nazarene University Foundation
578 154004 Morningside University
579 409254 Erikson Institute
580 214564 Salus University
581 110592 California State University Los Angeles Foundation
582 155511 McPherson College
583 198260 Central Piedmont Community College Foundation
584 232089 Ferrum College
585 216010 Shippensburg University Foundation
586 200217 University of Mary
587 187134 College of New Jersey Foundation
588 202073 Cleveland Institute of Music
589 139199 Brenau University
590 199865 Warren Wilson College
591 173328 Concordia University
592 132471 Barry University Inc.
593 440031 Keck Graduate Institute
594 106704 University of Central Arkansas Foundation
595 170675 Lawrence Technological University
596 110510 CSUSB Philanthropic Foundation
597 184773 Georgian Court University
598 201654 Cedarville University
599 217907 Coker University
600 193292 Molloy University
601 240657 Northwest College Foundation
602 167598 Regis College
603 168430 Worcester State Foundation
604 196200 SUNY Potsdam College Foundation
605 214041 Millersville University Foundation
606 203748 Lorain County Community College Foundation
607 240338 Wisconsin Lutheran College
608 211644 Clarion University Foundation Inc.
609 133508 Florida Southwestern State College Foundation
610 211468 Cedar Crest College
611 196158 SUNY Fredonia College Foundation
612 215655 Robert Morris University
613 115083 Golden Gate University
614 199184 UNC School of the Arts
615 183211 Rivier University
616 113193 Cuesta College Foundation
617 115755 Cal Poly Humboldt Foundation
618 180595 Rocky Mountain College
619 126979 Denver Seminary
620 189547 Broome Community College Foundation
621 141486 Chaminade University of Honolulu
622 194958 Roberts Wesleyan University
623 213349 Kutztown University Foundation
624 154013 Mount Mercy University
625 177144 Culver-Stockton College
626 137476 St. Thomas University
627 130493 Southern Connecticut State University Foundation
628 110486 California State University Bakersfield Foundation
629 205470 Sinclair Community College Foundation
630 166391 Lasell University
631 157076 Kentucky Wesleyan College
632 198969 Methodist University
633 179043 Rockhurst University
634 234827 Central Washington University Foundation
635 230171 Utah Tech University
636 409698 California State University Monterey Bay
637 149231 Southern Illinois University Edwardsville Foundation
638 232672 Mary Baldwin University
639 441937 California State University Channel Islands Foundation
640 179317 Saint Paul School of Theology
641 218885 Tri-County Technical College Foundation
642 153375 Grand View University
643 366711 California State University San Marcos Foundation
644 215266 Bradford Educational Foundation - University of Pittsburgh at Bradford
645 110501 California State University Foundation
646 199281 University of North Carolina at Pembroke
647 139764 Georgia Southwestern Foundation
648 N/A American University in Bulgaria
649 198543 Fayetteville State University
650 147031 Meadville Theological School of Lombard College
651 169521 Delta College
652 171483 Northwestern Michigan College Foundation
653 216764 West Chester University Foundation
654 153126 Clarke University
655 N/A Trinity Western University
656 226231 LeTourneau University
657 181738 Union College (NE)
658 148584 University of St. Francis
659 165820 Fitchburg State University Foundation
660 487524 Husson University
661 196246 SUNY Plattsburgh College Foundation
662 188340 Vaughn College of Aeronautics and Technology
663 161563 Thomas College
664 208318 Central Oregon Community College Foundation
665 214883 Peirce College
666 101189 Faulkner University
667 203775 Malone University
668 218821 Spartanburg Methodist College
669 186201 Ramapo College of New Jersey
670 190725 Daemen University
671 110547 California State University Dominguez Hills Philanthropic Foundation
672 170541 Kalamazoo Valley Community College
673 110574 California State University East Bay
674 187745 Institute of American Indian Arts
675 106148 Yavapai College Foundation
676 157058 Kentucky State University
677 204477 Northeast Ohio Medical University Foundation
678 110495 California State University Stanislaus Foundation
679 238980 Lakeland University Foundation
680 219082 Dakota State University Foundation
681 154059 North Iowa Area Community College Foundation
682 N/A Polytechnic University of Puerto Rico
683 170037 Cornerstone University
684 127185 The Fort Lewis College Foundation
685 102669 Alaska Pacific University
686 N/A Five Colleges Inc.
687 210304 Warner Pacific University
688 221643 Pellissippi State Community College Foundation
689 111188 California Maritime Academy Foundation
690 218353 Midlands Technical College Foundation
691 231536 Blue Ridge Community College Educational Foundation Inc.
692 144944 Elgin Community College Foundation
693 213020 Indiana University of Pennsylvania
694 162104 Cecil College
695 203599 Lakeland Community College
696 147800 Oakton Community College Educational Foundation
697 145336 Governors State University
698 162061 Capitol Technology University
699 433387 Western Governors University
Average (All Institutions)

Median (All Institutions)
Source: 2023 NACUBO-Commonfund Study of Endowments (NCSE). This table was created in February 2024.
*This table includes the endowment values of institutions that volunteered to participate in the 2023 NACUBO-Commonfun
N/A means Not Applicable.
IMPORTANT ADDITIONAL NOTES:
Survey respondents highlighted in Blue are based on total endowment values of two or more related survey responses that ha
Canada institutions are in Green. Endowment market value data for Canadian institutions are expressed in U.S. dollars, based
as reported by the Bank of Canada Web site (https://www.bankofcanada.ca/rates/exchange/). Data from Canadian institution
1
. The change in market values listed for the participating institutions DOES NOT represent the investment rate of return for th
1) withdrawals to fund institutional operations and capital expenses;
2) the payment of endowment management and investment fees;
3) additions from donor gifts and other contributions; and
4) investment gains or losses.
The market values also include the estimated valuations of real estate and other “illiquid” assets, which may have large increa
These factors suggest that any large increases or decreases in endowments over the past year may be exaggerated. As such
The IPEDS Unit ID (Unitid) is available only for U.S. colleges, universities, and state university system offices. There are no IPE
2.
The UnitID data are provided by the 2022 IPEDS (Integrated Postsecondary Education Data System) Institutional Characteristic
3.
Fall 2022 FTE enrollment as provided by the participating institutions. FTE enrollment and endowment value per FTE student
4
HBCU indicates the institution's Historically Black College or University status. HBCU data are provided by the 2022 IPEDS Insti
5
The Carnegie Classification System identifies U.S. colleges and universities by their highest degree awarded and research inte
Carnegie Classification data are provided by the 2022 IPEDS Institutional Characteristics Survey.
ENDNOTES (IN INSTITUTION NAME ALPHABETICAL ORDER):
° Abilene Christian University's fiscal year-end is 5/31 but endowment values are reported for 6/30.
+
Total includes the combined endowment assets of Carnegie Mellon University and a portion of assets held by the Dietrich Fo
i
Total endowment includes data from all institutions in the Louisiana State University System. However, data in the full 2023
#
Fiscal year end date for New York University is August 31 but the endowment market values are reported for the year ending
£
Total includes the combined assets from the Old Dominion University endowment, the Educational Foundation, the Athletic
^
Total includes combined endowment assets from the Oregon Health and Sciences University Foundation and the Doernbech
±
Regis University's fiscal year-end is 4/30. Endowment values for FY23 and FY22 are reported for April 30, 2023 and April 30, 2
x
St. John's University's fiscal year-end is 5/31. Endowment values for FY23 and FY22 are reported for May 31, 2023 and May
*Total includes the endowment assets from The Texas A&M University System and multiple supporting foundations, includin
¶
Texas State University System's fiscal year-end is 8/31, but the endowment market values are based on 6/30. Totals include
*** Total includes the combined endowment assets from the University of Illinois and the University of Illinois Foundation. Th
** Total includes the combined endowment assets from the Regents of the University of Minnesota endowment and the Uni
§
The University of Miami's fiscal year-end is 5/31. Endowment values for FY23 and FY22 are reported for May 31, 2023 and M
****Total includes the combined endowment assets from the University System of New Hampshire and the University of New
€
Willamette University's fiscal year-end is 5/31 but endowment values are reported for the year ending 6/30.
d Canadian Higher Education Institutions and Affiliated Foundations That Participated in the 2023 NACUBO-Commonfund Study of Endo
articipate in the 2023 NACUBO-Commonfund Study of Endowments (NCSE) or 2023 NACUBO Endowment Study of Canadian Institution
rate of return. See the footnote at the bottom of the table for a definition of the Change in Endowment Market Value.
nt (FTE) enrollment and endowment market value per FTE student.
bles or charts in the 2023 NACUBO-Commonfund Study of Endowments (NCSE).
ns located in Canada. No data from Canadian institutions in included in the 2023 NCSE, but will be included in a separate report on Canad
wo or more survey responses that have been combined into one separate combined value at the request of the survey respondents. The fu
alues presented in this table.
FY23 Total
Fall 2022 Full- Endowment
time Equivalent Market Value (in
City State NCSE Respondent Type (FTE) Enrollment3 $1,000s)
CambridgeMA Private college/university endowment 24,348 49,495,108
Austin TX Public college university or system fund 192,815 44,967,186
New HavenCT Private college/university endowment 14,647 40,746,900
Stanford CA Private college/university endowment 17,349 36,495,000
Princeton NJ Private college/university endowment 8,887 34,058,774
CambridgeMA Private college/university endowment 11,703 23,453,446
PhiladelphiPA Private college/university endowment 25,106 20,962,965
College StaTX Combined endowment/foundation (IRF) 123,360 19,285,472
Ann Arbor MI Public college university or system fund 59,305 17,875,691
Oakland CA Public college university or system fund 294,309 17,689,324
Notre DamIN Private college/university endowment 12,908 16,616,524
Evanston IL Private college/university endowment 20,563 13,699,895
New York NY Private college/university endowment 30,516 13,642,667
Durham NC Private college/university endowment 17,748 13,237,963
Saint LouisMO Private college/university endowment 15,423 11,467,279
Baltimore MD Private college/university endowment 22,480 10,538,865
Atlanta GA Private college/university endowment 15,014 10,239,776
New York CNY Private college/university endowment 27,225 10,035,558
Chicago IL Private college/university endowment 18,523 9,869,725
CharlottesvVA Public college university or system fund 9,799,870
Nashville TN Private college/university endowment 12,882 9,684,196
Hanover NH Private college/university endowment 6,744 7,930,125
Los AngeleCA Private college/university endowment 7,463,051
Columbus OH Public college university or system fund 59,740 7,383,676
Houston TX Private college/university endowment 8,163 7,240,020
ProvidenceRI Private college/university endowment 10,650 6,201,434
New York NY Private college/university endowment 58,372 5,877,433
MinneapolMN Public college university or system fund 58,114 5,501,497
Pittsburgh PA Public college university or system fund 31,780 5,489,296
Chapel HillNC Public college university or system fund 29,407 5,200,812
Seattle WA Public college university or system fund 60,439 4,940,534
University PA Public college university or system fund 78,492 4,443,874
East LansinMI Public college university or system fund 46,202 4,054,000
Pittsburgh PA Private college/university endowment 16,077 3,888,140
Los AngeleCA Public college university or system fund 41,364 3,873,061
Madison WI Institutionally-related foundation (IRF) 46,165 3,838,022
West LafayIN Combined endowment/foundation (IRF) 60,239 3,793,601
Pasadena CA Private college/university endowment 2,401 3,665,200
Bloomingt IN Combined endowment/foundation (IRF) 79,145 3,557,620
WilliamstoMA Private college/university endowment 2,129 3,486,558
Chestnut HiMA Private college/university endowment 13,921 3,461,100
ChampaignIL Public college university or system fund 3,383,034
Amherst MA Private college/university endowment 3,341,667
WashingtoDC Private college/university endowment 17,303 3,298,969
Iowa City IA Public college university or system fund 28,147 3,258,492
Richmond VA Private college/university endowment 3,622 3,150,034
Boston MA Private college/university endowment 29,633 3,128,719
Atlanta GA Public college university or system fund 31,040 2,947,317
Berkeley CA Institutionally-related foundation (IRF) 41,304 2,914,883
Wellesley MA Private college/university endowment 2,641 2,888,870
Rochester NY Private college/university endowment 10,852 2,822,698
Claremont CA Private college/university endowment 1,709 2,777,567
SwarthmorPA Private college/university endowment 1,699 2,720,329
San Franci CA Public college university or system fund 3,154 2,718,850
Richmond VA Combined endowment/foundation (IRF) 25,122 2,582,571
Fort WorthTX Private college/university endowment 12,063 2,579,000
WashingtoDC Private college/university endowment 21,768 2,522,442
Grinnell IA Private college/university endowment 2,505,851
NorthamptMA Private college/university endowment 2,848 2,470,416
Toronto ON Canadian College/University 86,297 2,452,255
Brunswick ME Private college/university endowment 1,911 2,423,933
Medford MA Private college/university endowment 12,480 2,405,498
New York NY Private college/university endowment 273 2,365,419
Lawrence KS Combined endowment/foundation (IRF) 24,706 2,357,413
GainesvilleFL Institutionally-related foundation (IRF) 41,081 2,337,110
Lincoln NE Public college university or system fund 42,824 2,266,095
Cleveland OH Private college/university endowment 11,513 2,260,605
Columbia MO Public college university or system fund 53,867 2,234,800
New OrleaLA Private college/university endowment 13,336 2,108,338
Denver CO Institutionally-related foundation (IRF) 2,096,061
Baltimore MD Public college university or system fund 2,095,331
TuscaloosaAL Public college university or system fund 59,347 2,088,711
Dallas TX Private college/university endowment 10,207 2,041,103
Raleigh NC Combined endowment/foundation (IRF) 32,124 2,028,201
New BrunsNJ Public college university or system fund 67,620 1,987,686
Lexington VA Private college/university endowment 2,238 1,973,892
Waco TX Private college/university endowment 21,370 1,965,669
Winston-S NC Private college/university endowment 8,376 1,900,449
Syracuse NY Private college/university endowment 20,971 1,897,452
Newark DE Private college/university endowment 22,461 1,819,783
Athens GA Combined endowment/foundation (IRF) 40,607 1,810,872
Lexington KY Public college university or system fund 28,929 1,808,119
BlacksburgVA Institutionally-related foundation (IRF) 37,000 1,792,100
BethlehemPA Private college/university endowment 6,872 1,756,174
Saint LouisMO Private college/university endowment 12,671 1,731,282
Lubbock TX Public college university or system fund 40,100 1,715,597
Stillwater OK Public college university or system fund 26,008 1,707,485
Boston MA Private college/university endowment 33,346 1,662,545
San AntoniTX Private college/university endowment 2,608 1,653,589
Ames IA Combined endowment/foundation (IRF) 28,265 1,643,443
Salt Lake CUT Public college university or system fund 1,643,031
MilwaukeeWI Private college/university endowment 1,656 1,639,392
Knoxville TN Public college university or system fund 55,098 1,599,768
VancouverBC Canadian College/University 64,223 1,584,084
Fayettevill AR Public college university or system fund 27,119 1,526,675
Berea KY Private college/university endowment 1,418 1,508,415
Eugene OR Institutionally-related foundation (IRF) 23,202 1,489,652
MiddletowCT Private college/university endowment 3,171 1,481,970
Santa ClaraCA Private college/university endowment 8,397 1,478,274
Houston TX Private college/university endowment 1,652 1,474,202
Montréal QC Canadian College/University 36,398 1,470,914
Middlebur VT Private college/university endowment 3,333 1,468,868
Tempe AZ Institutionally-related foundation (IRF) 142,616 1,467,451
Princeton NJ Private college/university endowment 308 1,414,946
Coral Gabl FL Private college/university endowment 18,307 1,365,713
La Jolla CA Institutionally-related foundation (IRF) 42,006 1,360,837
WilliamsbuVA Combined endowment/foundation (IRF) 8,913 1,360,787
Cincinnati OH Public college university or system fund 50,921 1,345,894
Davidson NC Private college/university endowment 1,927 1,322,217
Newton MA Institutionally-related foundation (IRF) 1,313,983
Loma LindaCA Private college/university endowment 4,390 1,306,099
Edmonton AB Canadian College/University 40,290 1,296,753
Tucson AZ Combined endowment/foundation (IRF) 40,683 1,287,689
Clinton NY Private college/university endowment 2,072 1,282,403
Rochester NY Private college/university endowment 15,496 1,274,218
Pullman WA Public college university or system fund 24,598 1,267,373
Mount BerGA Private college/university endowment 2,329 1,261,304
Tulsa OK Private college/university endowment 3,568 1,259,543
Portland OR Combined endowment/foundation (IRF) 2,608 1,257,493
PoughkeepNY Private college/university endowment 2,430 1,224,164
Villanova PA Private college/university endowment 8,829 1,219,776
Waltham MA Private college/university endowment 5,287 1,216,217
Hamilton NY Private college/university endowment 3,129 1,202,460
Oberlin OH Private college/university endowment 2,986 1,199,092
Northfield MN Private college/university endowment 2,047 1,172,167
Bryn MawrPA Private college/university endowment 1,685 1,169,479
Malibu CA Private college/university endowment 7,342 1,169,132
Claremont CA Private college/university endowment 1,385 1,123,418
Kingston ON Canadian College/University 30,514 1,120,722
Waterville ME Private college/university endowment 2,299 1,116,123
Oklahoma O CK Other Private Non-Profit Organization 1,115,664
Hamilton ON Canadian College/University 34,963 1,108,767
Lewisburg PA Private college/university endowment 3,760 1,088,267
Auburn AL Combined endowment/foundation (IRF) 28,365 1,079,218
Baton Rou LA Public college university or system fund 47,516 1,060,514
Easton PA Private college/university endowment 2,718 1,047,903
Houston TX Combined endowment/foundation (IRF) 1,045,515
Worcester MA Private college/university endowment 3,218 1,043,887
South HadlMA Private college/university endowment 2,299 1,036,215
Clemson SC Institutionally-related foundation (IRF) 26,664 1,027,446
Denver CO Private college/university endowment 10,336 1,022,729
Granville OH Private college/university endowment 1,002,409
WashingtoDC Other Private Non-Profit Organization 999,471
Bronx NY Private college/university endowment 15,000 978,178
WashingtoDC Private college/university endowment 11,859 976,946
Chicago IL Private college/university endowment 15,818 971,551
Buffalo NY Institutionally-related foundation (IRF) 28,315 970,993
PhiladelphiPA Private college/university endowment 20,057 966,333
ManhattanKS Institutionally-related foundation (IRF) 16,012 952,275
Columbia SC Combined endowment/foundation (IRF) 47,401 951,821
Tallahasse FL Public college university or system fund 38,741 947,009
Troy NY Private college/university endowment 6,923 924,292
Louisville KY Institutionally-related foundation (IRF) 18,591 918,348
MilwaukeeWI Private college/university endowment 11,167 916,804
Concord NH Combined endowment/foundation (IRF) 21,916 905,968
Colorado SCO Private college/university endowment 2,135 877,470
Saint LouisMO Private college/university endowment 841 869,991
Saint Paul MN Private college/university endowment 2,154 849,334
Morganto WV Institutionally-related foundation (IRF) 24,815 843,624
London ON Canadian College/University 35,494 842,747
New York NY Private college/university endowment 6,968 841,759
PhiladelphiPA Public college university or system fund 30,337 839,078
University MS Public college university or system fund 20,595 835,677
Corvallis OR Institutionally-related foundation (IRF) 27,563 829,950
Dayton OH Private college/university endowment 11,011 806,295
Irvine CA Institutionally-related foundation (IRF) 795,885
Hartford CT Private college/university endowment 2,236 791,317
HempsteadNY Private college/university endowment 9,318 787,666
Greenville SC Private college/university endowment 2,253 787,490
Queens NY Private college/university endowment 15,478 782,014
Abilene TX Private college/university endowment 4,523 773,114
Laramie WY Institutionally-related foundation (IRF) 11,100 758,800
GreencastlIN Private college/university endowment 1,735 752,406
Portland OR Private college/university endowment 1,506 745,741
Omaha NE Private college/university endowment 7,918 745,399
Downers GIL Private college/university endowment 7,105 743,396
Richmond VA Institutionally-related foundation (IRF) 4,040 742,754
Oxford OH Public college university or system fund 20,790 741,158
Walla WallWA Private college/university endowment 1,555 732,832
Northfield MN Private college/university endowment 3,030 721,340
Austin TX Public college university or system fund 67,245 720,269
Hamden CT Private college/university endowment 7,982 718,984
MississippiMS Public college university or system fund 22,649 709,409
Lexington VA Public college university or system fund 1,512 706,303
Madison WI Public college university or system fund 160,782 701,544
Athens OH Combined endowment/foundation (IRF) 22,519 697,470
Wellesley MA Private college/university endowment 3,725 684,251
Orange CA Private college/university endowment 9,353 683,857
Davis CA Institutionally-related foundation (IRF) 38,608 678,042
Halifax NS Canadian College/University 19,601 674,160
San Diego CA Private college/university endowment 7,664 673,451
CambridgeMA Other Private Non-Profit Organization 672,261
CharlottesvVA Other Private Non-Profit Organization 667,885
AlbuquerqNM Combined endowment/foundation (IRF) 26,136 661,070
Los AngeleCA Private college/university endowment 9,817 653,686
Haverford PA Private college/university endowment 1,421 647,378
KalamazooMI Institutionally-related foundation (IRF) 15,002 640,182
Tampa FL Institutionally-related foundation (IRF) 41,154 637,873
Worcester MA Private college/university endowment 6,483 631,031
Stockton CA Private college/university endowment 5,779 598,744
Carlisle PA Private college/university endowment 2,109 589,035
Fort CollinsCO Institutionally-related foundation (IRF) 28,018 580,577
Toledo OH Combined endowment/foundation (IRF) 579,129
Santa BarbCA Public college university or system fund 26,421 578,757
Storrs CT Institutionally-related foundation (IRF) 28,817 577,275
Point LookMO Private college/university endowment 1,476 567,380
Pittsburgh PA Private college/university endowment 7,677 565,037
Gambier OH Private college/university endowment 1,880 560,254
Wheaton IL Private college/university endowment 2,492 558,232
Logan UT Public college university or system fund 21,791 538,408
San Franci CA Private college/university endowment 9,261 521,653
Schenecta NY Private college/university endowment 2,098 518,855
Detroit MI Public college university or system fund 19,653 512,807
Honolulu HI Public college university or system fund 48,373 491,363
Burnaby BC Canadian College/University 485,924
Claremont CA Private college/university endowment 1,093 478,732
Atlanta GA Private college/university endowment 2,402 474,907
CharlestonSC Institutionally-related foundation (IRF) 3,189 473,504
West PointNY Combined endowment/foundation (IRF) 4,400 472,507
Worcester MA Private college/university endowment 3,625 463,149
Sewanee TN Private college/university endowment 1,675 462,795
Winter ParFL Private college/university endowment 450,588
New LondoCT Private college/university endowment 1,926 448,853
Tacoma WA Private college/university endowment 1,964 448,623
Saratoga S NY Private college/university endowment 2,736 446,398
Appleton WI Private college/university endowment 1,487 443,507
East LansinMI Institutionally-related foundation (IRF) 442,900
Fargo ND Institutionally-related foundation (IRF) 12,242 439,838
Lewiston ME Private college/university endowment 1,790 428,495
WashingtoDC Other Private Non-Profit Organization 424,888
Fairfield CT Private college/university endowment 5,514 423,194
Richmond IN Private college/university endowment 650 419,497
SpartanburSC Private college/university endowment 1,823 417,384
Mobile AL Combined endowment/foundation (IRF) 11,813 415,769
San Diego CA Public college university or system fund 33,707 415,703
Spokane WA Private college/university endowment 6,842 413,744
Claremont CA Private college/university endowment 906 412,998
Memphis TN Private college/university endowment 1,940 406,964
Lancaster PA Private college/university endowment 2,031 402,592
Glassboro NJ Combined endowment/foundation (IRF) 13,881 402,248
CharlestonSC Public college university or system fund 3,008 401,785
Boston MA Private college/university endowment 7,611 398,218
Moscow ID Public college university or system fund 8,886 396,375
ProvidenceRI Private college/university endowment 2,620 396,126
Wooster OH Private college/university endowment 1,959 395,471
Brookville NY Private college/university endowment 10,519 395,134
Stony BrooNY Institutionally-related foundation (IRF) 25,719 392,139
GettysburgPA Private college/university endowment 2,380 391,902
Victoria BC Canadian College/University 22,020 391,665
Danville KY Private college/university endowment 1,354 391,321
CrawfordsviIN Private college/university endowment 835 391,058
GreensborNC Combined endowment/foundation (IRF) 17,743 390,054
Las Vegas NV Institutionally-related foundation (IRF) 22,667 388,400
Golden CO Institutionally-related foundation (IRF) 7,910 384,267
Grand ForkND Institutionally-related foundation (IRF) 10,859 380,434
Canton NY Private college/university endowment 2,071 378,998
GeorgetowTX Private college/university endowment 1,474 377,085
Ithaca NY Private college/university endowment 4,995 373,689
DeLand FL Private college/university endowment 3,633 363,648
Peoria IL Private college/university endowment 4,871 346,945
Las Cruces NM Institutionally-related foundation (IRF) 343,302
Memphis TN Combined endowment/foundation (IRF) 16,027 341,027
YoungstowOH Combined endowment/foundation (IRF) 10,993 338,208
Wichita KS Institutionally-related foundation (IRF) 11,784 330,968
Norfolk VA Combined endowment/foundation (IRF) 17,380 328,784
Dobbs FerrNY Private college/university endowment 6,812 325,792
Elon NC Private college/university endowment 6,968 322,835
Nashville TN Private college/university endowment 8,679 322,421
South Ora NJ Private college/university endowment 320,392
Owosso MI Private college/university endowment 4,160 319,821
Hoboken NJ Private college/university endowment 8,339 318,947
Allentown PA Private college/university endowment 1,925 317,064
Charlotte NC Public college university or system fund 26,904 316,286
Valparaiso IN Private college/university endowment 2,861 315,553
Orono ME Institutionally-related foundation (IRF) 9,399 308,121
Vermillion SD Institutionally-related foundation (IRF) 7,045 307,009
Miami FL Institutionally-related foundation (IRF) 40,858 306,631
Salem OR Private college/university endowment 2,346 303,186
Baltimore MD Private college/university endowment 4,657 301,360
Augusta GA Institutionally-related foundation (IRF) 1,021 299,098
Seattle WA Private college/university endowment 6,744 297,799
Saint PeterMN Private college/university endowment 2,080 296,252
Fredericto NB Canadian College/University 8,975 295,806
Denton TX Institutionally-related foundation (IRF) 294,044
Scranton PA Private college/university endowment 4,731 292,874
Santa MoniCA Other Private Non-Profit Organization 130 290,698
Holland MI Private college/university endowment 3,153 290,582
Easton MA Private college/university endowment 2,492 290,569
KalamazooMI Private college/university endowment 1,370 286,770
Greenville NC Public college university or system fund 22,550 279,530
Ottawa ON Canadian College/University 26,581 279,470
Collegevill MN Private college/university endowment 1,582 276,144
Daytona B FL Private college/university endowment 17,855 275,107
Chesterto MD Private college/university endowment 899 273,448
Decatur GA Private college/university endowment 178 268,482
Fairfield CT Private college/university endowment 9,356 268,374
Boca RatonFL Institutionally-related foundation (IRF) 18,841 267,440
IndianapoliIN Private college/university endowment 5,295 267,263
Des MoineIA Private college/university endowment 3,950 266,902
Marion IN Private college/university endowment 10,780 265,768
San Luis O CA Public college university or system fund 20,945 265,258
Meadville PA Private college/university endowment 1,332 264,016
University OH Private college/university endowment 2,777 262,596
Grand RapiMI Private college/university endowment 3,053 262,371
Bloomingt IL Private college/university endowment 1,518 262,019
Terre HautIN Private college/university endowment 2,314 259,833
Norton MA Private college/university endowment 1,660 256,218
Brooklyn NY Private college/university endowment 4,907 254,946
Roanoke VA Private college/university endowment 748 254,763
Ottawa ON Canadian College/University 254,340
Missoula MT Institutionally-related foundation (IRF) 251,839
Mount PleaMI Public college university or system fund 14,594 244,761
Cincinnati OH Private college/university endowment 5,625 243,821
Hampden-SVA Private college/university endowment 845 242,199
Baltimore MD Private college/university endowment 1,284 239,770
Mobile AL Public college university or system fund 11,813 237,342
Redlands CA Private college/university endowment 3,255 236,765
San AntoniTX Private college/university endowment 2,812 235,366
Syracuse NY Private college/university endowment 2,806 234,325
Valhalla NY Private college/university endowment 12,225 232,404
Brookings SD Institutionally-related foundation (IRF) 9,993 232,368
Bowling GrKY Institutionally-related foundation (IRF) 13,434 231,678
New OrleaLA Private college/university endowment 3,926 229,151
Fresno CA Combined endowment/foundation (IRF) 21,767 229,054
Orlando FL Public college university or system fund 45,836 228,703
Atlanta GA Institutionally-related foundation (IRF) 44,033 227,449
Decatur GA Private college/university endowment 1,108 227,301
Kingston RI Combined endowment/foundation (IRF) 15,585 221,609
Valencia CA Private college/university endowment 1,420 221,603
Geneva NY Private college/university endowment 220,650
Potsdam NY Private college/university endowment 3,406 218,427
Annapolis MD Private college/university endowment 957 216,058
Smithfield RI Private college/university endowment 3,456 215,306
Searcy AR Private college/university endowment 3,815 211,661
Bowling GrOH Institutionally-related foundation (IRF) 16,345 209,505
Ashland VA Private college/university endowment 1,455 208,679
New RochelNY Private college/university endowment 3,298 207,953
NorthridgeCA Public college university or system fund 29,866 205,194
Normal IL Institutionally-related foundation (IRF) 20,683 204,610
Lafayette LA Institutionally-related foundation (IRF) 14,180 204,100
Rock IslandIL Private college/university endowment 2,332 203,164
Selinsgrov PA Private college/university endowment 2,118 202,275
ManchesteNH Private college/university endowment 1,960 200,882
Ogden UT Public college university or system fund 13,100 199,393
Wilmore KY Private college/university endowment 1,082 198,365
Flagstaff AZ Institutionally-related foundation (IRF) 26,918 198,204
Decorah IA Private college/university endowment 1,599 198,200
Buies CreeNC Private college/university endowment 4,881 196,712
Elkhart IN Other Private Non-Profit Organization 195,235
HuntingtonWV Institutionally-related foundation (IRF) 9,220 194,930
Miami FL Public college university or system fund 193,127
Spokane WA Private college/university endowment 2,401 189,357
Carbondal IL Institutionally-related foundation (IRF) 11,107 186,419
Cedar FallsIA Institutionally-related foundation (IRF) 7,876 186,153
WilliamspoPA Private college/university endowment 1,071 185,700
Allendale MI Public college university or system fund 19,287 183,364
Vestal NY Institutionally-related foundation (IRF) 17,138 182,736
San Jose CA Combined endowment/foundation (IRF) 28,873 182,646
Chattanoo TN Institutionally-related foundation (IRF) 10,102 181,688
Troy AL Institutionally-related foundation (IRF) 10,487 181,074
Fairfax VA Institutionally-related foundation (IRF) 179,362
Topeka KS Combined endowment/foundation (IRF) 4,068 178,499
MoorheadMN Private college/university endowment 1,815 177,260
Alfred NY Private college/university endowment 1,595 176,526
Berea OH Private college/university endowment 2,996 176,430
De Pere WI Private college/university endowment 1,826 176,317
Biddeford ME Private college/university endowment 5,274 176,069
Sackville NB Canadian College/University 2,383 174,725
Kent OH Institutionally-related foundation (IRF) 33,000 174,400
Sherman TX Private college/university endowment 1,133 171,116
Columbia MO Private college/university endowment 3,630 169,372
San AntoniTX Private college/university endowment 6,698 167,858
Seattle WA Private college/university endowment 2,989 167,150
Eau Claire WI Institutionally-related foundation (IRF) 8,637 166,979
Pomona CA Institutionally-related foundation (IRF) 165,259
GreensborNC Public college university or system fund 164,720
Alliance OH Private college/university endowment 2,049 161,937
San Franci CA Institutionally-related foundation (IRF) 25,046 161,362
Hanover IN Private college/university endowment 1,121 161,290
Newark NJ Public college university or system fund 10,543 160,805
Fort Wayn IN Private college/university endowment 4,002 160,770
Salem VA Private college/university endowment 1,781 160,768
Siloam SprAR Private college/university endowment 1,696 160,259
Charlotte NC Private college/university endowment 1,561 158,378
Houghton MI Public college university or system fund 6,689 155,891
Johnson CiTN Combined endowment/foundation (IRF) 11,495 155,214
Elmhurst IL Private college/university endowment 3,774 153,997
Hays KS Institutionally-related foundation (IRF) 7,884 153,083
Norfolk VA Institutionally-related foundation (IRF) 1,319 150,995
Storm LakeIA Private college/university endowment 1,527 150,420
High Point NC Private college/university endowment 5,882 150,276
Kenosha WI Private college/university endowment 2,713 149,045
Austin TX Private college/university endowment 110 148,088
Wilmingto NC Public college university or system fund 14,743 147,657
La Mirada CA Private college/university endowment 5,387 146,198
WestminstMD Private college/university endowment 2,572 144,912
Hyde Park NY Private college/university endowment 2,690 144,306
Boise ID Institutionally-related foundation (IRF) 17,736 143,009
Buffalo NY Private college/university endowment 2,492 142,787
Jacksonvill FL Public college university or system fund 13,345 141,391
Collegevill PA Private college/university endowment 1,479 140,778
Jacksonvill IL Private college/university endowment 1,024 139,414
Bronxville NY Private college/university endowment 1,656 138,121
MurfreesbTN Public college university or system fund 137,360
Pasadena CA Private college/university endowment 2,287 137,353
Thousand CA Private college/university endowment 3,449 135,938
Fullerton CA Institutionally-related foundation (IRF) 32,498 135,852
HarrisonbuVA Institutionally-related foundation (IRF) 20,731 135,363
Rochester NY Private college/university endowment 3,437 135,309
Lynchburg VA Private college/university endowment 2,186 135,052
Houston TX Private college/university endowment 3,010 135,013
New WilmiPA Private college/university endowment 1,091 133,939
Clarksville AR Private college/university endowment 785 133,680
Hattiesbur MS Institutionally-related foundation (IRF) 11,232 133,520
Riverside CA Private college/university endowment 11,253 133,076
Hickory NC Private college/university endowment 1,288 132,338
Columbus OH Private college/university endowment 2,388 131,158
Beverly MA Private college/university endowment 2,994 130,664
CharlestonSC Institutionally-related foundation (IRF) 9,862 130,195
SteubenvillOH Private college/university endowment 2,700 130,138
Little Rock AR Public college university or system fund 5,467 129,718
Rochester MI Public college university or system fund 13,502 129,534
Raleigh NC Private college/university endowment 1,484 129,331
Syracuse NY Combined endowment/foundation (IRF) 1,400 128,823
Naperville IL Private college/university endowment 2,695 127,498
Highland HKY Institutionally-related foundation (IRF) 12,159 127,267
Austin TX Private college/university endowment 3,220 127,066
MechanicsPA Private college/university endowment 2,774 126,359
BellinghamWA Institutionally-related foundation (IRF) 14,398 125,722
Frederick MD Private college/university endowment 1,168 124,837
Crete NE Private college/university endowment 1,472 124,565
HuntingdoPA Private college/university endowment 1,293 122,492
WestervilleOH Private college/university endowment 2,333 118,996
Big Rapids MI Institutionally-related foundation (IRF) 8,202 118,804
Saint Jose MN Private college/university endowment 1,454 118,034
Mequon WI Private college/university endowment 117,855
Albany NY Public college university or system fund 115,680
Long BeachCA Public college university or system fund 32,411 115,398
Denton TX Combined endowment/foundation (IRF) 14,099 115,024
Lake ForesIL Private college/university endowment 1,716 114,848
Jonesboro AR Institutionally-related foundation (IRF) 15,984 114,471
Dayton OH Institutionally-related foundation (IRF) 9,070 113,678
Tallahasse FL Public college university or system fund 18,758 113,378
Chester PA Private college/university endowment 4,526 112,729
Center VallPA Private college/university endowment 2,420 111,997
McMinnvillOR Private college/university endowment 1,755 111,953
Greeley CO Institutionally-related foundation (IRF) 6,178 111,905
CharlestonIL Public college university or system fund 5,966 110,765
Nevada MO Private college/university endowment 262 109,958
Duluth MN Private college/university endowment 2,882 109,894
Murray KY Public college university or system fund 7,235 109,153
Kennesaw GA Institutionally-related foundation (IRF) 106,335
Midland MI Private college/university endowment 1,647 105,487
Los AngeleCA Private college/university endowment 700 105,362
University MI Institutionally-related foundation (IRF) 6,180 103,731
Portland OR Institutionally-related foundation (IRF) 103,256
BridgewateVA Private college/university endowment 1,415 102,602
Montclair NJ Institutionally-related foundation (IRF) 101,933
Fort Smith AR Public college university or system fund 4,087 101,038
Baltimore MD Institutionally-related foundation (IRF) 101,037
PetersburgVA Public college university or system fund 4,407 100,935
Old WestbNY Private college/university endowment 6,906 100,104
Emporia KS Institutionally-related foundation (IRF) 3,895 99,892
West PalmFL Private college/university endowment 3,138 99,860
Dekalb IL Institutionally-related foundation (IRF) 13,155 99,831
Columbus OH Private college/university endowment 4,942 99,462
Elizabetht PA Private college/university endowment 1,844 98,243
Farmville VA Institutionally-related foundation (IRF) 3,571 98,104
Pocatello ID Institutionally-related foundation (IRF) 12,319 97,543
SpringfieldMA Private college/university endowment 3,454 96,665
Teaneck NJ Private college/university endowment 7,782 96,344
Seguin TX Private college/university endowment 1,327 96,294
Pella IA Private college/university endowment 1,083 95,466
Detroit MI Private college/university endowment 4,517 95,365
Bristol RI Private college/university endowment 4,519 95,285
Cookeville TN Public college university or system fund 8,607 95,074
StatesboroGA Institutionally-related foundation (IRF) 21,448 94,271
Franklin IN Private college/university endowment 928 94,107
New ConcoOH Private college/university endowment 2,216 93,788
ColchesterVT Private college/university endowment 1,310 93,377
Cleveland OH Institutionally-related foundation (IRF) 9,374 93,283
Pensacola FL Public college university or system fund 13,504 92,870
Mount VerIA Private college/university endowment 1,074 92,001
Irving TX Private college/university endowment 2,040 91,422
Lakeland FL Private college/university endowment 3,308 91,299
Columbus GA Institutionally-related foundation (IRF) 6,596 90,999
Terre HautIN Institutionally-related foundation (IRF) 7,048 90,214
Santa BarbCA Private college/university endowment 1,185 89,988
Marietta OH Private college/university endowment 1,054 89,434
Richmond KY Institutionally-related foundation (IRF) 11,554 88,846
Denver CO Private college/university endowment 3,942 87,853
New Britai CT Public college university or system fund 7,542 86,708
Saint AuguFL Private college/university endowment 2,623 86,694
Chico CA Institutionally-related foundation (IRF) 12,869 86,654
Ocala FL Public college university or system fund 1,783 86,542
Pittsburg KS Institutionally-related foundation (IRF) 4,999 86,338
Waukesha WI Private college/university endowment 3,033 86,233
Tyler TX Institutionally-related foundation (IRF) 7,256 85,968
Saint BonaNY Private college/university endowment 2,482 84,245
Norfolk VA Institutionally-related foundation (IRF) 5,172 83,525
Buffalo NY Institutionally-related foundation (IRF) 6,309 82,449
SpringfieldMO Private college/university endowment 2,222 80,263
Prince GeoBC Canadian College/University 2,769 79,195
BethlehemPA Public college university or system fund 5,588 78,011
VancouverWA Institutionally-related foundation (IRF) 77,923
WinchesteVA Private college/university endowment 3,213 77,492
Indiana PA Institutionally-related foundation (IRF) 8,832 77,270
SacramentCA Combined endowment/foundation (IRF) 26,253 76,609
Rock Hill SC Institutionally-related foundation (IRF) 3,902 75,016
Erie PA Private college/university endowment 4,040 73,906
Valhalla NY Private college/university endowment 1,329 73,713
DavenportIA Private college/university endowment 2,169 72,626
Houghton NY Private college/university endowment 758 72,617
Dallas TX Private college/university endowment 1,654 71,903
Oneonta NY Public college university or system fund 5,394 71,825
Asheville NC Public college university or system fund 2,717 71,346
Salisbury MD Institutionally-related foundation (IRF) 6,565 71,287
MinneapoliMN Private college/university endowment 2,922 70,765
Fort WorthTX Private college/university endowment 2,100 70,099
Glen Cove NY Private college/university endowment 102 69,743
Conway SC Institutionally-related foundation (IRF) 9,928 69,127
Saint LouisMO Private college/university endowment 6,496 69,070
Glenside PA Private college/university endowment 2,459 67,871
Cincinnati OH Private college/university endowment 1,483 67,229
LawrenceviNJ Private college/university endowment 3,535 67,028
Mankato MN Public college university or system fund 13,050 66,715
Dallas PA Private college/university endowment 1,824 66,660
Corvallis OR Public college university or system fund 30,310 65,846
New LondoNH Private college/university endowment 888 65,764
Butte MT Institutionally-related foundation (IRF) 65,711
Rohnert PaCA Combined endowment/foundation (IRF) 5,849 65,197
Radford VA Institutionally-related foundation (IRF) 6,700 65,006
BloomsburPA Institutionally-related foundation (IRF) 65,000
Seneca FallNY Private college/university endowment 476 63,968
Sarasota FL Private college/university endowment 1,712 63,268
Wichita KS Private college/university endowment 1,286 62,735
Loretto PA Private college/university endowment 2,022 62,454
SpringfieldMA Private college/university endowment 3,082 62,128
Kirksville MO Public college university or system fund 2,913 62,113
Oswego NY Institutionally-related foundation (IRF) 6,906 61,951
Cortland NY Institutionally-related foundation (IRF) 6,305 61,339
Louisville KY Private college/university endowment 2,667 61,238
Helena MT Private college/university endowment 1,137 60,796
Newburgh NY Private college/university endowment 1,541 60,123
Collegedal TN Private college/university endowment 2,324 59,552
Ontario CA Private college/university endowment 207 59,408
BourbonnaIL Private college/university endowment 2,464 58,928
Sioux City IA Private college/university endowment 1,651 58,677
Chicago IL Private college/university endowment 184 58,565
Elkins ParkPA Private college/university endowment 1,202 58,465
Los AngeleCA Public college university or system fund 22,365 58,108
McPhersonKS Private college/university endowment 803 57,888
Charlotte NC Institutionally-related foundation (IRF) 15,473 57,443
Ferrum VA Private college/university endowment 843 57,379
ShippensbuPA Institutionally-related foundation (IRF) 4,380 57,179
Bismarck ND Private college/university endowment 3,432 56,693
Ewing NJ Public college university or system fund 7,267 56,121
Cleveland OH Private college/university endowment 342 56,012
GainesvilleGA Private college/university endowment 2,029 54,998
Swannano NC Private college/university endowment 788 54,959
Miami ShorFL Private college/university endowment 6,246 53,989
Conway AR Institutionally-related foundation (IRF) 1,737 52,113
Southfield MI Private college/university endowment 2,727 51,203
San BernarCA Institutionally-related foundation (IRF) 51,099
Lakewood NJ Private college/university endowment 1,470 51,071
Cedarville OH Private college/university endowment 4,435 50,666
Hartsville SC Private college/university endowment 897 49,574
Rockville CNY Private college/university endowment 3,556 49,255
Powell WY Institutionally-related foundation (IRF) 1,155 48,857
Weston MA Private college/university endowment 3,230 48,735
Worcester MA Institutionally-related foundation (IRF) 3,861 48,377
Potsdam NY Institutionally-related foundation (IRF) 2,455 47,605
MillersvillePA Institutionally-related foundation (IRF) 5,471 47,377
Elyria OH Institutionally-related foundation (IRF) 5,142 47,289
Clarion PA Institutionally-related foundation (IRF) 3,070 46,440
Fort MyersFL Institutionally-related foundation (IRF) 4,456 46,409
Allentown PA Private college/university endowment 979 46,273
Fredonia NY Institutionally-related foundation (IRF) 3,524 46,123
Moon Town PA Private college/university endowment 3,158 45,119
San Franci CA Private college/university endowment 1,642 44,981
Winston-S NC Public college university or system fund 1,337 42,747
Nashua NH Private college/university endowment 1,905 42,379
San Luis O CA Institutionally-related foundation (IRF) 3,243 42,257
Arcata CA Institutionally-related foundation (IRF) 5,449 40,840
Billings MT Private college/university endowment 1,054 40,588
Littleton CO Private college/university endowment 40,204
BinghamtoNY Institutionally-related foundation (IRF) 40,051
Honolulu HI Private college/university endowment 2,181 40,003
Kutztown PA Institutionally-related foundation (IRF) 6,645 39,329
Cedar RapiIA Private college/university endowment 38,315
Canton MO Private college/university endowment 920 38,048
Miami Gar FL Private college/university endowment 4,819 37,810
New HavenCT Institutionally-related foundation (IRF) 6,941 37,244
BakersfieldCA Public college university or system fund 7,957 37,162
Dayton OH Public college university or system fund 11,233 36,931
Newton MA Private college/university endowment 1,179 36,701
Owensbor KY Private college/university endowment 758 36,516
Fayettevill NC Private college/university endowment 1,712 36,181
Kansas CityMO Private college/university endowment 2,478 36,006
Ellensburg WA Institutionally-related foundation (IRF) 8,657 35,758
Saint Geor UT Public college university or system fund 9,183 35,632
Seaside CA Public college university or system fund 6,265 35,478
EdwardsvilIL Institutionally-related foundation (IRF) 10,357 35,444
Camarillo CA Institutionally-related foundation (IRF) 4,768 34,651
Overland PKS Private college/university endowment 76 34,318
Pendleton SC Institutionally-related foundation (IRF) 4,178 34,147
Des MoineIA Private college/university endowment 1,627 34,088
San MarcoCA Public college university or system fund 12,864 33,548
Bradford PA Institutionally-related foundation (IRF) 1,025 32,998
Long BeachCA Institutionally-related foundation (IRF) 1,198 32,973
Pembroke NC Public college university or system fund 6,565 32,555
Americus GA Institutionally-related foundation (IRF) 2,488 32,423
Houston TX Private college/university endowment 1,078 31,720
Fayettevill NC Public college university or system fund 5,709 31,280
Chicago IL Private college/university endowment 50 31,013
University MI Public college university or system fund 3,707 30,909
Traverse CiMI Public college university or system fund 1,761 30,511
West ChestPA Institutionally-related foundation (IRF) 30,452
Dubuque IA Private college/university endowment 892 29,745
Langley BC Canadian College/University 3,384 27,904
Longview TX Private college/university endowment 2,137 27,831
Lincoln NE Private college/university endowment 520 27,825
Joliet IL Private college/university endowment 27,711
Fitchburg MA Institutionally-related foundation (IRF) 2,736 27,386
Bangor ME Private college/university endowment 2,777 27,313
Plattsburg NY Institutionally-related foundation (IRF) 4,071 27,304
Flushing NY Private college/university endowment 1,058 27,018
Waterville ME Private college/university endowment 662 26,678
Bend OR Institutionally-related foundation (IRF) 25,915
PhiladelphiPA Private college/university endowment 400 24,849
MontgomeAL Private college/university endowment 2,947 24,340
Canton OH Private college/university endowment 1,210 24,235
SpartanburSC Private college/university endowment 908 24,016
Mahwah NJ Combined endowment/foundation (IRF) 4,922 23,980
Amherst NY Private college/university endowment 2,391 23,417
Carson CA Institutionally-related foundation (IRF) 13,480 22,392
KalamazooMI Institutionally-related foundation (IRF) 3,228 22,229
Hayward CA Public college university or system fund 11,426 20,788
Santa Fe NM Public college university or system fund 540 20,661
Prescott AZ Institutionally-related foundation (IRF) 20,646
Frankfort KY Public college university or system fund 1,276 20,238
RootstownOH Institutionally-related foundation (IRF) 999 19,220
Turlock CA Public college university or system fund 8,073 18,610
Plymouth WI Private college/university endowment 1,774 18,532
Madison SD Public college university or system fund 3,241 18,452
Mason CityIA Public college university or system fund 1,582 17,816
San Juan PR Private college/university endowment 3,389 17,515
Grand RapiMI Private college/university endowment 1,498 16,508
Durango CO Institutionally-related foundation (IRF) 3,021 16,444
AnchorageAK Private college/university endowment 486 16,436
Amherst MA Other Private Non-Profit Organization 15,984
Portland OR Private college/university endowment 570 15,308
Knoxville TN Institutionally-related foundation (IRF) 5,270 15,004
Vallejo CA Institutionally-related foundation (IRF) 867 14,030
West Colu SC Institutionally-related foundation (IRF) 5,759 13,051
Weyers CaVA Institutionally-related foundation (IRF) 1,911 12,026
Elgin IL Institutionally-related foundation (IRF) 9,362
Indiana PA Public college university or system fund 6,974 8,981
North EastMD Private college/university endowment 511 8,628
Kirtland OH Public college university or system fund 4,766 8,525
Des PlainesIL Institutionally-related foundation (IRF) 4,414 6,724
University IL Public college university or system fund 3,105 5,838
Laurel MD Private college/university endowment 5,732
Salt Lake CUT Private college/university endowment 152,057 2,551
11,641 1,214,848
4,411 215,682
n February 2024.
n the 2023 NACUBO-Commonfund Study of Endowments (NCSE) or 2023 NACUBO Endowment Study of Canadian Institutions (NES). A f
e related survey responses that have been combined into one separate combined record at the request of the survey respondents. The fu
e expressed in U.S. dollars, based on the U.S./Canadian dollar conversion rates in effect on or around June 30, 2022 (for FY22) and June 30
/). Data from Canadian institutions are NOT included in the full 2023 NCSE final report.
he investment rate of return for the endowments’ investments. Rather, the change in the market value of an endowment from FY22 to FY
sets, which may have large increases or decreases in value during a relatively short period of time. In addition, transfers to the endowmen
ear may be exaggerated. As such, large percentage changes should be interpreted very cautiously.
ty system offices. There are no IPEDS ID numbers for Canadian institutions or for non-profit higher education organizations that do not enr
ystem) Institutional Characteristics Survey, conducted the National Center for Education Statistics.
endowment value per FTE student are based on enrollments of undergraduate and graduate/professional students.
re provided by the 2022 IPEDS Institutional Characteristics Survey.
degree awarded and research intensity. For more information on the Carnegie Classification system, go to https://en.wikipedia.org/wiki/C
on of assets held by the Dietrich Foundation reflecting CMU’s allocation as a named beneficiary. The full 2023 NCSE report reflects informa
m. However, data in the full 2023 NCSE report are based solely from on the LSU Foundation, the largest segment.
es are reported for the year ending June 30.
ucational Foundation, the Athletic Foundation, and the Real Estate Foundation.
ty Foundation and the Doernbecher Children’s Hospital Foundation.
d for April 30, 2023 and April 30, 2022, respectively.
ported for May 31, 2023 and May 31, 2022, respectively.
e supporting foundations, including the Texas A&M Foundation. The full 2023 NCSE report includes separate information collected from th
are based on 6/30. Totals include the combined market values of the Development Foundation and the McCoy College of Business Founda
University of Illinois Foundation. The full 2023 NCSE report includes separate information from the University of Illinois endowment and th
nnesota endowment and the University of Minnesota Foundation. The full 2023 NTSE report includes separate information collected from
reported for May 31, 2023 and May 31, 2022, respectively.
mpshire and the University of New Hampshire Foundation. The full 2023 NCSE report includes separate information collected from the Un
year ending 6/30.
UBO-Commonfund Study of Endowments, and Change in Endowment Market Value 1 from FY22 to FY23*
ent Study of Canadian Institutions (NES). A full listing of the endowment values for ALL U.S. higher education institutional endowments
nt Market Value.
ed in a separate report on Canadian higher education endowments.

of the survey respondents. The full 2023 NCSE final report does not include these combined endowment market value data.
FY23
Change in Endowment
FY22 Total Total Value Per Full-
Endowment Endowme time Equivalent
Market Value (in nt Market (FTE) Student
$1,000s) Value (%)1 ($)3 IPEDS Institution Sector
49,444,494 0.1 2,032,820 4-Year Private Non-Profit College/University
42,668,276 5.4 233,214 State System Office/Administration Unit
41,383,300 -1.5 2,781,928 4-Year Private Non-Profit College/University
20,724,351 1.2 834,978 4-Year Private Non-Profit College/University
18,243,191 5.7 156,335 4-Year Public College/University
14,121,488 -3.0 666,240 4-Year Private Non-Profit College/University
9,858,442 -0.6 4-Year Public College/University
7,319,123 2.0 4-Year Private Non-Profit College/University
5,365,669 2.5 94,667 Combined endowment/foundation (IRF)
5,528,910 -0.7 172,728 4-Year Public College/University
5,317,821 -2.2 176,856 4-Year Public College/University
3,111,998 8.7 Combined endowment/foundation (IRF)
2,370,993 3.4 28,416 N/A
1,975,029 6.1 State System Office/Administration Unit
1,470,242 11.8 4-Year Public College/University
1,511,494 4.8 24,665 N/A
1,364,177 7.8 40,412 N/A
1,227,407 5.6 32,185 N/A
1,046,511 7.1 36,728 N/A
1,044,200 6.8 N/A
989,231 12.1 31,713 N/A
995,962 8.4 38,048 4-Year Public College/University
993,214 5.1 324,420 4-Year Private Non-Profit College/University
1,068,552 -6.2 4-Year Private Non-Profit College/University
1,004,297 -0.5 N/A
855,284 1.7 1,034,472 4-Year Private Non-Profit College/University
875,112 -3.6 33,997 4-Year Public College/University
753,352 11.9 23,743 N/A
901,222 -6.6 120,804 N/A
769,371 7.9 30,111 N/A
723,965 9.9 4-Year Public College/University
812,285 -3.1 349,529 4-Year Private Non-Profit College/University
692,383 7.3 183,832 N/A
703,894 -0.3 4,363 State System Office/Administration Unit
593,798 13.5 34,394 N/A
639,252 5.2 N/A
651,550 2.5 N/A
587,894 5.6 75,468 N/A
450,106 9.2 10,158 State System Office/Administration Unit
448,454 8.4 N/A
422,797 11.8 107,388 N/A
438,112 2.8 4-Year Private Non-Profit College/University
430,600 2.9 N/A
416,851 1.9 N/A
388,598 7.0 35,196 N/A
352,306 11.2 17,787 N/A
278,973 6.0 32,959 N/A
285,578 1.8 2,236,142 N/A
253,369 10.3 10,514 N/A
240,631 5.7 N/A N/A
241,626 4.2 N/A 4-Year Public College/University
230,797 -4.4 4-Year Private Non-Profit College/University
184,548 5.8 N/A
168,138 3.9 73,321 N/A
87,437 6.7 9,951 2-Year Public (Community) College
74,356 6.5 28,601 N/A
72,119 7.1 8,749 N/A
56,062 6.0 286,995 N/A
35,185 13.8 2-Year Public (Community) College
31,301 5.3 27,523 State System Office/Administration Unit
29,085 9.1 29,425 N/A
24,801 12.5 8,246 N/A
16,286 7.5 5,168 N/A
13,035 22.6 N/A
1,067 139.1 17 4-Year Private Non-Profit College/University
1,182,628 2.7 174,499

205,144 5.1 47,287
f Canadian Institutions (NES). A full listing of the endowment values for ALL U.S. higher education institutional endowments for Fiscal Y
of the survey respondents. The full 2023 NCSE final report does not include these combined endowment market value data.
ne 30, 2022 (for FY22) and June 30, 2023 (for FY23),
f an endowment from FY22 to FY23 reflects the net impact of:
dition, transfers to the endowment from other institutional budget accounts, and changes in foreign currency exchange rates for non-U.S.
tion organizations that do not enroll students.
al students.
o https://en.wikipedia.org/wiki/Carnegie_Classification_of_Institutions_of_Higher_Education
2023 NCSE report reflects information for the CMU endowment only.
ate information collected from the Texas A&M University System, Texas A&M Foundation, and the Baylor Oral Health Foundation (which p
McCoy College of Business Foundation.
rsity of Illinois endowment and the University of Illinois Foundation.
parate information collected from the Regents of the University of Minnesota endowment and the University of Minnesota Foundation.
information collected from the University System of New Hampshire endowment and the University of New Hampshire Foundation.
tion institutional endowments for Fiscal Year 2022 can be generated from the Integrated Postsecondary Education Data System (IPEDS)
market value data.
IPEDS Historically
Black
College/University
(HBCU) Indicator4 IPEDS Carnegie Classification5
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Baccalaureate
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Special Focus
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU N/A
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
N/A N/A
N/A N/A
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
N/A N/A
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU N/A
N/A N/A
HBCU Baccalaureate
N/A N/A
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
Non-HBCU Doctoral
N/A N/A
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
HBCU Special Focus
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
N/A N/A
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
HBCU Doctoral
HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Associate's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
Non-HBCU Doctoral
N/A N/A
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU N/A
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
HBCU Master's
Non-HBCU Doctoral
Non-HBCU Doctoral
N/A N/A
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Tribal
HBCU Baccalaureate
Non-HBCU Master's
Non-HBCU Master's
Non-HBCU Master's
N/A N/A
Non-HBCU Master's
N/A N/A
Non-HBCU Doctoral
Non-HBCU Master's
Non-HBCU Doctoral
Non-HBCU Master's
tional endowments for Fiscal Year 2022 can be generated from the Integrated Postsecondary Education Data System (IPEDS) Finance Su
arket value data.
cy exchange rates for non-U.S. investments, may account for large changes in endowment market values.
Oral Health Foundation (which provides financial support to the Texas A&M University Baylor College of Dentistry).
sity of Minnesota Foundation.
w Hampshire Foundation.
Education Data System (IPEDS) Finance Survey available at https://nces.ed.gov/ipeds/use-the-data
Data System (IPEDS) Finance Survey available at https://nces.ed.gov/ipeds/use-the-data

NCSE Endowment Market Values

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NCSE Endowment Market Values

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Fiscal Year (FY) 2023 Endowment Market Value of U.S.

and Canadian Higher Education Insti

Rank IPEDS Unit ID2 Institution Name

Average (All Institutions)

ENDNOTES (IN INSTITUTION NAME ALPHABETICAL ORDER):

re provided by the 2022 IPEDS Institutional Characteristics Survey.

ed in a separate report on Canadian higher education endowments.

1,182,628 2.7 174,499

f an endowment from FY22 to FY23 reflects the net impact of:

tion organizations that do not enroll students.

market value data.

arket value data.

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