Endowments from $2 billion to $5 billion

Endowments from $2 billion to $5 billion covers 57 FY2025 survey respondents with combined reported endowment assets of USD 172,317.479 million. University of Wisconsin Foundation has the largest value in this selection, USD 4,920.667 million, representing 2.86% of its total. All values use the same published NACUBO survey year.

The dollar thresholds apply to the FY2025 survey market value. These pages include parent groups and narrower subgroups, so some institutions appear on more than one size page. A boundary stated as 'under' excludes the upper endpoint. Institutions with similar balances can have very different donor restrictions, spending demands and investment liquidity. The size group describes resources at a date; it does not prescribe an investment allocation.

Survey rankInstitution or respondentState / provinceFY2025, USD millionsFY2024, USD millions
33University of Wisconsin FoundationWI4,920.6674,304.809
34UCLA FoundationCA4,766.8184,298.619
35Michigan State UniversityMI4,606.0004,419.000
36Purdue UniversityIN4,437.5574,106.075
37California Institute of TechnologyCA4,317.2004,144.800
38Carnegie Mellon UniversityPA4,287.1433,997.096
39Boston CollegeMA4,236.2003,777.900
40Indiana University FoundationIN4,053.2793,820.884
41Boston UniversityMA4,016.1423,536.713
42Georgetown UniversityDC3,951.3643,638.443
43Williams CollegeMA3,931.2473,655.558
44Amherst CollegeMA3,898.6713,549.576
45University of Illinois & FoundationsIL3,797.8083,688.638
46University of Iowa and FoundationsIA3,773.6733,501.856
47Georgia Institute of Technology and Related FoundationsGA3,507.3953,166.993
48University of RichmondVA3,493.9903,245.090
49University of California Berkeley FoundationCA3,394.1763,112.308
50University of California San FranciscoCA3,291.3592,948.456
51University of RochesterNY3,243.6822,989.014
52Virginia Commonwealth University and Affiliated EntitiesVA3,228.5172,885.707
53Pomona CollegeCA3,220.5132,991.629
54Wellesley CollegeMA3,185.2713,005.052
55Texas Tech UniversityTX3,069.5112,903.521
56University of TorontoON3,034.1122,755.805
57Bowdoin CollegeME2,915.1432,582.046
58Texas Christian UniversityTX2,854.0002,676.000
59Grinnell CollegeIA2,847.3812,670.846
60Swarthmore CollegePA2,842.6852,728.473
61The George Washington UniversityDC2,812.5592,639.708
62University of NebraskaNE2,716.2852,527.253
63Smith CollegeMA2,709.5302,564.123
64Tufts UniversityMA2,707.0422,533.755
65University of Florida Foundation Inc.FL2,688.5832,453.952
66The Kansas University Endowment AssociationKS2,687.3632,525.481
67The Rockefeller UniversityNY2,607.9032,420.101
68The Board of Trustees of The University of AlabamaAL2,587.6492,378.555
69University of Missouri SystemMO2,551.5562,411.452
70North Carolina State UniversityNC2,541.0252,219.516
71Case Western Reserve UniversityOH2,520.0572,396.658
72The University of Texas Southwestern Medical CenterTX2,472.0282,320.723
73University of Colorado FoundationCO2,471.6842,245.310
74Tulane UniversityLA2,467.9912,274.166
75The University System of Maryland FoundationMD2,459.8042,291.040
76Rutgers The State University of New JerseyNJ2,350.9252,180.235
77Southern Methodist UniversityTX2,339.6702,122.236
78Syracuse UniversityNY2,270.3772,097.426
79Washington and Lee UniversityVA2,192.2302,043.225
80The University of Georgia and Related FoundationsGA2,182.9992,055.797
81Baylor UniversityTX2,180.2272,094.406
82University of KentuckyKY2,172.6511,978.796
83Wake Forest UniversityNC2,149.6891,997.300
84Texas State University SystemTX2,114.5381,407.321
85Virginia Tech FoundationVA2,093.0321,953.928
86The University of UtahUT2,071.2481,860.128
87University of DelawareDE2,056.3281,929.793
88Saint Louis UniversityMO2,018.4721,879.430
89Lehigh UniversityPA2,002.5301,872.716

Source: FY2025 NACUBO respondent table. Values in the source are thousands of U.S. dollars; this table divides by 1,000 to show millions.

The selection contains 57 linked institution profiles. Rows without a profile keep the institution's name as plain text. The ranking is based on reported market value. It does not measure investment skill, the amount available for unrestricted spending or endowment assets per student. Institutions participate voluntarily, so this is a comparison of respondents in the published table rather than a census of all charitable funds.

Reading the values

The FY2024 column is the prior-year value published alongside FY2025. A difference between the columns includes gifts, investment activity and distributions, with possible transfers or reporting changes. It is not the institution's investment return. A newer official figure in an institution profile may use another fiscal year, a different portfolio or a broader accounting category. The common-year table keeps those newer figures out of the size ordering.

A system and a campus can both appear as respondents. Supporting foundations may also report separately or within a combined institution-and-foundation amount. Their assets can overlap, so the sum above describes the rows selected here and should not be interpreted as a consolidated total for an entire state or sector. The profile pages provide the reporting names and dates needed to read those relationships.

Hospital and health system profiles

These hospitals and health systems are not NACUBO survey respondents. Their values come from each organization's own reporting period and are not part of the survey totals above.

List rankInstitution or systemTypeStateEndowment, USD millionsPeriod end
6Children's Hospital of PhiladelphiahospitalPA4,274.950June 30, 2025
7Scottish Rite for ChildrenhospitalTX3,466.295September 30, 2025
8Children's Healthcare of Atlantahealth systemGA2,886.101December 31, 2024

Full list: Hospital endowments list

Sources

ReferenceURL
Public source 1https://edge.sitecorecloud.io/nacubo1-nacubo-prd-dc8b/media/Nacubo/Documents/EndowmentFiles/2025-NCSE-Endowment-Market-Values-for-US-and-Canadian-Institutions-FINAL.xlsx

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Size is the tracked endowment market value in USD, mostly from the NACUBO-Commonfund Study of Endowments FY2025 public table. Linked names open a full profile with the institution's own latest figures, dates and currency.

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Endowments.com is a research resource on university, college and foundation endowments. It profiles 775 endowments, including university, college, foundation and hospital endowments, built from each institution's own reports and public filings, and runs the Endowments by Size Band benchmark study. Every figure carries its source and date.

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