Endowments by state

Endowments by state: 52 state and territory pages with FY2025 NACUBO survey totals, the largest respondent in each state and links to 775 institution and hospital profiles. State totals describe listed respondent rows and can include overlapping system, campus and foundation assets. Hospital profiles are counted separately because they use each organization's own reporting period.

State pageSurvey respondentsFY2025 total, USD millionsLargest respondentHospital profiles
Alabama64,834.462The Board of Trustees of The University of Alabama1
Arizona23,258.646Arizona State University4
Arkansas72,635.565University of Arkansas at Fayetteville and Foundation1
California61109,443.966Stanford University17
Colorado86,055.753University of Colorado Foundation1
Connecticut1049,716.329Yale University9
Delaware12,056.300University of Delaware0
District of Columbia710,851.286Georgetown University2
Florida239,716.679University of Florida Foundation Inc.11
Georgia1621,307.894Emory University3
Hawaii2681.950University of Hawaii Foundation1
Idaho2658.211University of Idaho Foundation Inc.2
Illinois2839,521.913Northwestern University8
Indiana1731,784.186University of Notre Dame3
Iowa1510,174.719University of Iowa and Foundations4
Kansas94,663.409The Kansas University Endowment Association1
Kentucky116,579.579University of Kentucky0
Louisiana33,947.622Tulane University1
Maine85,684.626Bowdoin College1
Maryland1318,608.730Johns Hopkins University3
Massachusetts30118,872.191Harvard University9
Michigan2130,565.894University of Michigan5
Minnesota1511,849.100University of Minnesota & Foundations3
Mississippi52,309.771University of Mississippi Foundation0
Missouri1119,211.930Washington University in St. Louis3
Montana6910.163University of Montana Foundation2
Nebraska33,690.370University of Nebraska2
Nevada21,111.133University of Nevada Reno0
New Hampshire510,363.911Dartmouth College5
New Jersey1342,315.236The Trustees of Princeton University3
New Mexico31,215.159University of New Mexico Foundation0
New York5564,335.747Columbia University in the City of New York17
North Carolina1927,390.392Duke University4
North Dakota2999.412North Dakota State University Foundation0
Ohio2822,424.003The Ohio State University10
Oklahoma34,206.335Oklahoma State University Foundation0
Oregon116,368.349University of Oregon Foundation3
Pennsylvania4959,279.213The University of Pennsylvania21
Puerto Rico120.756Polytechnic University of Puerto Rico0
Rhode Island68,635.389Brown University4
South Carolina115,258.105Clemson University Foundation0
South Dakota2631.165University of South Dakota Foundation and Alumni Association2
Tennessee1415,189.491Vanderbilt University5
Texas3792,881.169The University of Texas System7
U.S. Virgin Islands160.865University of the Virgin Islands0
Utah93,499.951The University of Utah1
Vermont11,729.844Middlebury College0
Virginia2529,009.892University of Virginia7
Washington113,368.103Whitman College4
West Virginia31,159.857West Virginia University Foundation Inc.1
Wisconsin139,877.830University of Wisconsin Foundation2
Wyoming2932.713University of Wyoming Foundation0

Source: FY2025 location and market-value table.

A reporting address locates a respondent. It does not allocate all endowed support to that location. A system office may hold assets supporting multiple campuses; a campus foundation can have a separate board and accounts. Read the institution profile for its portfolio scope before comparing an affiliated foundation with a public institution.

Each state page keeps FY2024 and FY2025 values together, making the comparison period explicit. The percentage change in market value includes gifts and spending, and should not be read as a percentage investment return. Newer official values belong in the linked profiles with their own dates.

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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