Six of the 25 Highest Endowed US Universities are Public. (December
6, 2006)|
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News & Views item - December 2006 |
Six of the 25 Highest Endowed US Universities are Public. (December
6, 2006)
US universities use endowment fund income for a wide range of needs, from salaries to scholarships to capital improvements. According to Bloomberg endowments at Harvard and Yale pumped out $1.6 billion last year, supplying about a third of the schools' operating budgets.
Fiscal 2006 Performance of U.S. Higher-Education Endowments in US dollars
Institution Fund Size FY 2006 FY 2005
In Billions Return Return
Harvard University $29.2 16.7% 19.2%
Yale University $18.0 22.9% 22.3%
Stanford University $15.2 19.4% 19.5%
University of Texas $13.2 12.7% 13.6%
Princeton University $13.0 19.5% 17.0%
M.I.T. $ 8.4 23.0% 17.6%
Columbia University $ 5.9 18.4% 17.7%
University of California $ 5.8 11.6% 10.3%
University of Michigan $ 5.7 16.3% 19.1%
Texas A&M University $ 5.6 12.8% 9.7%
University of Pennsylvania $ 5.3 12.5% 8.5%
Northwestern University $ 5.1 17.5% 15.1%
University of Notre Dame $ 5.1 19.4% 19.1%
Emory University $ 4.9 14.6% 6.8%
University of Chicago $ 4.8 19.2% 18.1%
Washington Univ. (St. Louis) $ 4.7 12.9% 10.0%
Duke University $ 4.5 20.2% 18.1%
Cornell University $ 4.4 16.1% 13.6%
Rice University $ 4.0 14.5% 13.6%
University of Virginia $ 3.5 14.6% 14.3%
Dartmouth College $ 3.1 14.9% 14.4%
Univ. of Southern California $ 3.1 14.2% 17.8%
Vanderbilt University $ 2.9 14.0% 17.9%
Johns Hopkins University $ 2.4 11.5% 9.6%
Univ. of Minnesota $ 2.3 14.4% 13.1%
AVERAGE PERFORMANCE 16.2% 15.0%
Source: 2006 Bloomberg survey of the 25 largest higher-education endowments. All endowment figures and returns are as of June 30.
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