Business
These Are the 10 Wealthiest U.S. Universities
And they got $26.3 billion richer last year. Yes, billion.
Princeton has so much money that the average value per student at the school is $2.9 million dollars. Yes, million. Yes, per student.
The annual NACUBO-Commonfund Study of Endowments was released earlier today, reporting that the 25 richest colleges in the U.S. have gotten even richer in the last year, totaling a $26.3 billion increase in wealth.
“That growth in their endowments was helped by a year of healthy investment returns. The average investment return for fiscal years 2017 was 12.2% after fees,” according to Money.
A 12.2% investment return is far greater than the 7% that colleges hope for, bringing the 10-year average investment return to 4.6%, from 5% last year.
You may not be surprised to learn that many of the richest colleges are in the Ivy League.
10 Largest College Endowments in 2017:
| College | 2017 Endowment | Value Per Student |
|---|---|---|
| Harvard University | $36,022B | $1,522,104 |
| Yale University | $27,176B | $2,191,268 |
| The University of Texas System | $26,535B | $147,675 |
| Stanford University | $24,785B | $1,541,160 |
| Princeton University | $23, 812B | $2,951,077 |
| MIT | $14,968B | $1,315,751 |
| University of Pennsylvania | $12,213B | $541,389 |
| The Texas A&M University System | $11,556B | $97,189 |
| University of Michigan | $10,936B | $197,056 |
| Northwestern University | $10,437B | $568,540 |
Data from a Time/Money report.
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