2010: Top 10 Richest Schools (Largest Endowments)

College Search & Selection
1

<p>Jan. 27, 2010
Market value of top 10 college endowment assets (in billions) in 2010, with percentage change from 2009:
University Assets Change
Harvard University $27.6 5.4%
Yale University $16.7 2.0%
Princeton University $14.4 14.1%
University of Texas System $14.0 15.5%
Stanford University $13.9 9.8%
Massachusetts Institute of Technology $8.3 5.5%
University of Michigan $6.6 9.4%
Columbia University $6.5 10.6%
Northwestern University $5.9 9.2%
Texas A&M System and Foundations $5.7 12.9%
Study:</a> College endowments make gains - USATODAY.com</p>

2

<p>That’s a big gap after the top 5.</p>

3

<p>How many schools is “UT system”?</p>

4

<p>Is that the Michigan system or just UM-Ann Arbor?</p>

5

<p>Not much difference. Say 99% UM AA</p>

6

<p>Didn’t Harvard use to have $40 billion or something?</p>

7

<p>

</p>

<p>The UT System includes 9 universities and 6 health institutions, but the endowment funds aren’t divided equally amongst them. The system endowment number includes the 2/3 system share of the Permanent University Fund (the A&M system has the other 1/3) plus any individual institution-specific endowments. UT-Austin has the largest single endowment in the system, at around $6 billion. The medical institutions UT Southwestern and UT MD Anderson Cancer Center have the next highest endowments, roughly in the $1 billion range.</p>

<p>Since UT is a public institution, it still does receive some state support. This means (like all publicly supported universities), its endowment is effectively higher (the oft-stated comparison is that every $50 million in state support equates to roughly $1B in endowment). Like a lot of public universities, UT has had to deal with decreasing state support for years. Public perception has been that UT doesn’t need more state funding because it’s “rich.” Alumni giving has been relatively low for the same reason. So in some ways the PUF has been a mixed blessing. UT is a bit new to the fund raising game since it has always had the benefit of the sizeable PUF endowment. However, in the past decade or so, UT Austin has made a concerted effort to target more private funding (such as a current $3B capital campaign). There’s also been innovative initiatives like the $300M TV deal with ESPN to insure the athletic department remains self-sufficient. Due to the stepped up fundraising, UT-Austin will likely be able to stay in the top 10 in terms of endowment, if not the top 5.</p>

8

<p>

</p>

<p>Close… The 2008 value of the endowment was the highest value ever, at $36.6B. But every university fund was hit hard after that.</p>

9

<p>

</p>

<p>The valuation of the Permanent University Fund accounts solely for its investments, and does not include more than 2,100,000 acres of land in West Texas. As a small footnote, the net revenues from the land have fluctuated between 450,000,000 and 330,000,000 in the past years. </p>

<p><a href=“http://www.utimco.org/Funds/Endowment/PUF/PUF2010AuditedFinancials.pdf[/url]”>Error page;
[UTIMCO</a> - Funds Managed](<a href=“http://www.utimco.org/scripts/internet/fundsdetail.asp?fnd=2]UTIMCO”>http://www.utimco.org/scripts/internet/fundsdetail.asp?fnd=2)</p>

10

<p>*Oops, I meant Jan. 27, 2011</p>

<p>Btw, I find it interesting that this list correlates to the college rankings if you remove Northwestern and the publics.</p>

11

<p>@averby, you mean to USNews rankings? Well, if you do, you could even include Northwestern since it is not exactly correlating to the ranking. The ranking being…</p>

<ol>
<li>Harvard</li>
<li>Princeton</li>
<li>Yale</li>
<li>Columbia</li>
<li>Stanford</li>
<li>U Penn</li>
<li>Cal Tech</li>
<li>MIT</li>
<li>Dartmouth</li>
<li>Duke</li>
<li>Chicago</li>
<li>Northwestern</li>
<li>JHU
and so on…</li>
</ol>

12

<p>Psst wellwellwell, Penn and Stanford are tied for 5th in the USNews.</p>

13

<p>@Staller, you are right. My mistake…</p>