Largest endowments by state and institution group

Largest endowments by state and institution group covers 153 FY2025 survey respondents with combined reported endowment assets of USD 621,878.649 million. Harvard University has the largest value in this selection, USD 55,670.339 million, representing 8.95% of its total. All values use the same published NACUBO survey year.

Each row is the largest FY2025 survey respondent within its state and descriptive directory group. The state is the survey's location field. Directory groups follow published respondent names: medical, system/combined, foundation, university and college. These groups are mutually exclusive for this page and are not tax classifications. A state can have several rows, one for each group represented.

StateDirectory groupSurvey rankLargest respondentFY2025, USD millions
ALfoundation252University of South Alabama Foundation468.874
ALsystem foundation68The Board of Trustees of The University of Alabama2,587.649
ALuniversity335University of South Alabama273.244
ARhospital medical673Arkansas Colleges of Health Education8.501
ARsystem foundation97University of Arkansas at Fayetteville and Foundation1,814.659
ARuniversity361Harding University229.007
AZfoundation111The University of Arizona and the University of Arizona Foundation1,500.728
AZuniversity101Arizona State University1,757.918
CAcollege37California Institute of Technology4,317.200
CAfoundation34UCLA Foundation4,766.818
CAsystem foundation10The Regents of the University of California20,147.056
CAuniversity3Stanford University40,786.000
COcollege157Colorado College1,061.013
COfoundation73University of Colorado Foundation2,471.684
COuniversity145University of Denver1,152.779
CTcollege176Trinity College893.204
CTfoundation608Southern Connecticut State University Foundation46.229
CTuniversity2Yale University44,149.800
DCcollege253The Brookings Institution467.738
DCfoundation166Carnegie Institution of Washington985.502
DCuniversity42Georgetown University3,951.364
DEuniversity87University of Delaware2,056.328
FLcollege238Rollins College509.198
FLfoundation65University of Florida Foundation Inc.2,688.583
FLuniversity104University of Miami1,712.788
GAcollege115Berry College1,469.124
GAfoundation469Georgia Southern University Foundation117.411
GAhospital medical287Medical College of Georgia Foundation Inc.365.877
GAsystem foundation47Georgia Institute of Technology and Related Foundations3,507.395
GAuniversity17Emory University12,000.436
HIfoundation223University of Hawaii Foundation632.103
HIuniversity603Chaminade University of Honolulu49.847
IAcollege59Grinnell College2,847.381
IAfoundation526Palmer College Foundation87.848
IAsystem foundation46University of Iowa and Foundations3,773.673
IAuniversity94Iowa State University1,914.589
IDfoundation248University of Idaho Foundation Inc.473.957
ILcollege107School of the Art Institute of Chicago1,597.885
ILfoundation362Southern Illinois University Foundation228.477
ILhospital medical171Rush University Medical Center929.061
ILsystem foundation45University of Illinois & Foundations3,797.808
ILuniversity13Northwestern University15,167.620
INcollege254Wabash College466.964
INfoundation40Indiana University Foundation4,053.279
INuniversity11University of Notre Dame20,092.078
KScollege564Benedictine College68.329
KSfoundation175Kansas State University Foundation902.200
KSuniversity66The Kansas University Endowment Association2,687.363
KYcollege96Berea College1,831.017
KYfoundation155University of Louisville Foundation1,073.797
KYsystem foundation318Western Kentucky University and Foundations305.649
KYuniversity82University of Kentucky2,172.651
LAfoundation352University of Louisiana at Lafayette Foundation241.600
LAsystem foundation137Louisiana State University System1,238.022
LAuniversity74Tulane University2,467.991
MAcollege5Massachusetts Institute of Technology27,366.239
MAfoundation98University of Massachusetts Foundation1,801.260
MAhospital medical203Whitehead Institute for Biomedical Research750.335
MAuniversity1Harvard University55,670.339
MDcollege294Washington College349.625
MDfoundation514Salisbury University Foundation95.657
MDsystem foundation75The University System of Maryland Foundation2,459.804
MDuniversity14Johns Hopkins University13,734.964
MEcollege57Bowdoin College2,915.143
MEfoundation264University of Maine Foundation442.226
MEuniversity262University of New England451.112
MIcollege292Baker College353.188
MIfoundation190Western Michigan University Foundation854.415
MIuniversity9University of Michigan21,200.625
MNcollege129Carleton College1,334.430
MNfoundation524Minnesota State University Mankato Foundation88.641
MNsystem foundation29University of Minnesota & Foundations6,448.622
MNuniversity198University of St Thomas788.397
MOcollege211College of the Ozarks703.728
MOhospital medical485University of Health Sciences and Pharmacy in St. Louis109.793
MOsystem foundation69University of Missouri System2,551.556
MOuniversity15Washington University in St. Louis13,298.963
MScollege473Millsaps College115.460
MSfoundation164University of Mississippi Foundation1,000.326
MSsystem foundation165Mississippi State University & Foundation1,000.028
MTcollege544Carroll College77.957
MTfoundation311University of Montana Foundation320.684
MTuniversity501Montana Technological University101.555
NCcollege117Davidson College1,460.452
NCsystem foundation474Winston-Salem State University & Foundation114.530
NCuniversity16Duke University12,318.455
NDfoundation231North Dakota State University Foundation528.016
NDsystem foundation249University of North Dakota Alumni Association & Foundation471.396
NEuniversity62University of Nebraska2,716.285
NHcollege23Dartmouth College8,959.701
NHsystem foundation156University System of New Hampshire & University of New Hampshire Foundation1,062.953
NJcollege110Princeton Theological Seminary1,563.206
NJfoundation4The Trustees of Princeton University36,415.027
NJuniversity76Rutgers The State University of New Jersey2,350.925
NMcollege650Institute of American Indian Arts28.709
NMfoundation201University of New Mexico Foundation764.993
NVuniversity221University of Nevada Reno°640.286
NYcollege112Hamilton College1,499.899
NYfoundation143University at Buffalo Foundation Inc.1,172.387
NYhospital medical67The Rockefeller University2,607.903
NYuniversity12Columbia University in the City of New York15,917.490
OHcollege113Oberlin College1,480.794
OHfoundation180Ohio University and The Ohio University Foundation886.009
OHhospital medical645Northeast Ohio Medical University30.783
OHuniversity24The Ohio State University8,619.921
OKfoundation109Oklahoma State University Foundation1,564.585
OKsystem foundation130Oklahoma State Regents for Higher Education1,306.480
OKuniversity128University of Tulsa1,335.270
ORcollege186Reed College876.830
ORfoundation95University of Oregon Foundation1,843.233
ORhospital medical132Oregon Health and Science University Foundation1,302.562
ORuniversity286University of Portland367.799
PAcollege60Swarthmore College2,842.685
PAfoundation511Northampton County Area Community College Foundation97.349
PAuniversity7The University of Pennsylvania24,808.028
RIcollege256Rhode Island School of Design465.479
RIsystem foundation332University of Rhode Island Foundation278.731
RIuniversity26Brown University7,278.252
SCcollege235Wofford College512.088
SCfoundation136Clemson University Foundation1,240.332
SChospital medical225Medical University of South Carolina594.390
SCsystem foundation146University of South Carolina and Affiliated Foundations1,145.113
SCuniversity182Furman University885.535
SDfoundation298University of South Dakota Foundation and Alumni Association338.604
SDuniversity325South Dakota State University292.561
TNcollege263Rhodes College448.475
TNfoundation354University of Chattanooga Foundation234.534
TNsystem foundation93The University of Tennessee System1,915.000
TNuniversity20Vanderbilt University10,856.983
TXcollege495Tyler Junior College104.616
TXfoundation282University of North Texas Foundation377.679
TXhospital medical72The University of Texas Southwestern Medical Center2,472.028
TXsystem foundation6The University of Texas System27,167.821
TXuniversity25Rice University8,496.618
UTcollege647Snow College30.108
UTsystem foundation301Utah System of Higher Education333.393
UTuniversity86The University of Utah2,071.248
VAcollege192Virginia Military Institute835.010
VAfoundation85Virginia Tech Foundation2,093.032
VAhospital medical174Medical College of Virginia Foundation903.032
VAsystem foundation52Virginia Commonwealth University and Affiliated Entities3,228.517
VAuniversity19University of Virginia11,229.839
VTcollege103Middlebury College1,729.844
WAcollege191Whitman College847.599
WAfoundation195Washington State University Foundation800.282
WAuniversity241University of Puget Sound499.896
WIcollege218Universities of Wisconsin671.352
WIfoundation33University of Wisconsin Foundation4,920.667
WIhospital medical92Medical College of Wisconsin1,936.723
WIuniversity148Marquette University1,131.419
WVfoundation179West Virginia University Foundation Inc.889.024
WVuniversity634Fairmont State University37.985
WYfoundation184University of Wyoming Foundation879.531

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 141 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.

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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