<p>Not really, OP. Most LACs are not in urban areas, and have huge endowments. Grinnell has a bigger endowment than BU (1.26 bill vs 1.02 bill) despite BU being in Boston and many times bigger than Grinnell. </p>
<p>Endowment size is mostly based on
- (Financial) success of its graduates
… - Age of the school</p>