Endowment - NACUBO

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Dartmouth College. NH. 3,413,406 ..... Rollins College. FL. 349,115. 279,852. 24.7. 190. Miami Dade College. FL. 348,686
U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change in Endowment Market Value from FY 2010 to FY 2011

Before reviewing the data on the following pages, please note: The percentage change values listed for the participating institutions DO NOT represent the rate of return for the endowments’ investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. The market values also include the estimated valuations of real estate and other “illiquid” assets, which may have large increases or decreases in value during a relatively short period of time. In addition, transfers to the endowment from other institutional budget accounts may account for the differences in growth in endowment assets. These factors suggest that any large increases or decreases in endowments over the past year may be exaggerated. As such, large percentage changes should be interpreted very cautiously.

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

Harvard University Yale University University of Texas System Princeton University Stanford University Massachusetts Institute of Technology University of Michigan Columbia University Northwestern University Texas A&M University System & Foundations University of Pennsylvania University of Chicago University of California University of Notre Dame Duke University Emory University Washington University in St. Louis Cornell University University of Virginia Rice University University of Southern California Vanderbilt University Dartmouth College New York University Johns Hopkins University University of Pittsburgh University of Minnesota and Affiliated Foundations Brown University University of North Carolina at Chapel Hill & Foundations University of Washington Ohio State University Purdue University University of Richmond University of Wisconsin Foundation Williams College California Institute of Technology The Rockefeller Institute Boston College Pennsylvania State University Case Western Reserve University Pomona College

State/ Province MA CT TX NJ CA MA MI NY IL TX PA IL CA IN NC GA MO NY VA TX CA TN NH NY MD PA MN RI NC WA OH IN VA WI MA CA NY MA PA OH CA

2011 Endowment Funds ($000) 31,728,080 19,374,000 17,148,649 17,109,508 16,502,606 9,712,628 7,834,752 7,789,578 7,182,745 6,999,517 6,582,029 6,575,126 6,342,217 6,259,598 5,747,377 5,400,367 5,280,143 5,059,406 4,760,515 4,451,452 3,517,173 3,414,514 3,413,406 2,827,000 2,598,467 2,527,398 2,503,305 2,496,926 2,260,970 2,154,494 2,120,714 2,001,601 1,877,193 1,872,933 1,784,305 1,772,369 1,746,363 1,726,100 1,725,138 1,703,164 1,700,454

2010 Endowment Funds ($000) 27,557,404 16,652,000 14,052,220 14,391,450 13,851,115 8,317,321 6,564,100 6,516,512 5,945,277 5,738,289 5,668,939 5,543,084 5,441,225 5,234,841 4,823,572 4,694,260 4,473,180 4,378,587 3,706,823 3,786,548 2,947,978 3,044,000 2,998,302 2,370,000 2,219,925 2,032,798 2,195,742 2,155,330 1,979,220 1,904,970 1,869,312 1,633,034 1,614,871 1,551,384 1,526,571 1,556,198 1,561,470 1,479,700 1,368,031 1,462,027 1,458,974

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

15.1 16.3 22.0 18.9 19.1 16.8 19.4 19.5 20.8 22.0 16.1 18.6 16.6 19.6 19.2 15.0 18.0 15.5 28.4 17.6 19.3 12.2 13.8 19.3 17.1 24,3 14.0 15.8 14.2 13.1 13.4 22.6 16.2 20.7 16.9 13.9 11.8 16.7 26.1 16.5 16.6

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

42 43 44

Amherst College University of Rochester Georgia Institute of Technology & Georgia Tech Foundation University of Illinois & Foundation University of Toronto# Indiana University & Foundation Swarthmore College Grinnell College Wellesley College UCLA Foundation Smith College Tufts University Michigan State University George Washington University University of Florida Foundation Kansas University Endowment Association University of Nebraska Washington and Lee University University of Oklahoma Southern Methodist University Texas Christian University Georgetown University Boston University University of British Columbia# Yeshiva University University of Missouri System Lehigh University Wake Forest University University of California Berkeley Foundation University of Iowa & Foundation Carnegie Mellon University Tulane University University of Cincinnati Baylor University University of Alabama System McGill University# Berea College Trinity University University of Delaware University of Kentucky

45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81

2010 Endowment Funds ($000) 1,385,745 1,367,878 1,388,860

*Percentage Change (%)

MA NY GA

2011 Endowment Funds ($000) 1,641,511 1,622,812 1,619,718

IL ON IN PA IA MA CA MA MA MI DC FL KS NE VA OK TX TX DC MA BC NY MO PA NC CA IA PA LA OH TX AL QC KY TX DE KY

1,600,603 1,599,134 1,574,815 1,508,483 1,500,219 1,499,872 1,486,244 1,429,527 1,403,883 1,400,380 1,331,101 1,295,313 1,250,443 1,241,577 1,218,132 1,212,023 1,196,508 1,191,900 1,160,291 1,159,583 1,149,367 1,125,032 1,119,032 1,077,430 1,058,250 1,054,800 1,044,097 1,017,338 1,014,985 1,004,368 1,003,929 995,147 993,107 978,735 962,829 962,196 915,924

1,289,676 1,318,375 1,371,025 1,249,254 1,264,834 1,306,796 995,754 1,243,561 1,213,585 1,148,265 1,143,582 1,104,573 1,054,739 1,143,051 1,008,161 968,482 1,069,399 1,048,241 1,009,736 992,280 894,860 1,027,662 974,900 940,430 937,639 854,569 791,554 815,099 888,667 886,262 871,966 854,382 786,311 846,776 854,895 1,091,726 778,890

24.1 21.3 14.9 20.8 18.6 14.8 49.3 15.0 15.7 22.0 16.4 17.3 18.6 8.6 20.8 25.1 11.9 13.7 14.9 16.9 28.4 9.5 14.8 14.6 12.9 23.4 31.9 24.8 14.2 13.3 15.1 16.5 26.3 15.6 12.6 -11.9 17.6

State/ Province

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

18.5 18.6 16.6

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122

Princeton Theological Seminary Syracuse University Middlebury College Bowdoin College Texas Tech University System Saint Louis University University of Tennessee System Baylor College of Medicine University of Alberta# Vassar College University of Tulsa University of Maryland System & Foundation University of Arkansas & Foundations University of Colorado Foundation Carnegie Institution of Washington University of Louisville Foundation Berry College, Inc. University of Georgia Foundation Washington State University University of Miami Santa Clara University Brandeis University Oberlin College Rutgers, The State University of New Jersey Colgate University Louisiana State University System Oklahoma State University & Foundation The Principia Corporation Bryn Mawr College University of Utah University of Houston System and Foundations Lafayette College Hamilton College Denison University Macalester College Carleton College University of California San Francisco Foundation Rochester Institute of Technology Queen’s University# College of William & Mary and Foundations Rensselaer Polytechnic Institute

State/ Province NJ NY VT ME TX MO TN TX AB NY OK MD AR CO DC KY GA GA WA FL CA MA OH NJ NY LA OK MO PA UT TX PA NY OH MN MN CA NY ON VA NY

2011 Endowment Funds ($000) 914,713 913,662 907,668 904,215 890,930 880,251 848,329 838,207 815,274 814,130 800,925 791,809 788,668 784,580 784,431 772,157 752,544 745,765 722,717 719,852 716,821 703,666 699,895 698,507 693,436 692,556 681,744 679,232 671,103 668,683 662,984 658,146 657,529 654,584 654,299 653,465 643,107 639,673 633,784 624,726 621,916

2010 Endowment Funds ($000) 811,101 849,157 783,225 753,525 775,224 708,345 728,726 799,231 654,304 699,492 686,282 672,871 673,120 665,442 687,395 669,043 592,306 625,823 668,865 618,236 624,784 620,204 618,104 598,379 614,363 609,565 495,071 607,265 573,674 567,814 553,066 580,739 552,768 564,435 586,582 563,439 509,281 557,766 504,481 539,547 629,728

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

12.8 7.6 15.9 20.0 14.9 24.3 16.4 4.9 24.6 16.4 16.7 17.7 17.2 17.9 14.1 15.4 27.1 19.2 8.1 16.4 14.7 13.5 13.2 16.7 12.9 13.6 37.7 11.9 17.0 17.8 19.9 13.3 19.0 16.0 11.5 16.0 26.3 14.7 25.6 15.8 -1.2

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163

North Carolina State University & Related Foundations Iowa State University and Foundation Colby College Cooper Union College of the Holy Cross Pepperdine University Mount Holyoke College Virginia Tech Foundation Wesleyan University Northeastern University Bucknell University Furman University Loma Linda University University of Arizona & Foundation Claremont McKenna College Colorado College Howard University University of Massachusetts Foundation, Inc. Florida State University Foundation Drexel University McMaster University# Arizona State University & Foundation University of Calgary# Davidson College DePauw University University at Buffalo Foundation, Inc. University of South Carolina Medical College of Wisconsin, Inc. American University in Cairo Clemson University & Foundation Auburn University & Foundation University of Mississippi Foundation University of Oregon Foundation Fordham University Oregon Health and Science University Foundation Oklahoma State Regents for Higher Education The Fuller Foundation Rush University Medical Center American University Trinity College American University in Beirut

State/ Province NC IA ME NY MA CA MA VA CT MA PA SC CA AZ CA CO DC MA FL PA ON AZ AB NC IN NY SC WI NY SC AL MS OR NY OR OK CA IL DC CT NY

2011 Endowment Funds ($000) 617,632 612,283 611,441 607,135 606,074 604,635 602,481 600,648 589,811 588,400 575,367 572,162 552,452 552,351 543,236 541,998 539,316 529,262 525,260 525,211 521,307 514,724 511,495 509,583 500,921 494,791 494,358 487,921 486,568 473,748 471,851 469,006 467,211 457,980 455,721 442,985 437,000 435,492 421,000 416,528 415,924

2010 Endowment Funds ($000) 503,110 508,875 502,076 577,278 524,550 564,591 519,891 502,380 512,875 508,689 491,495 498,282 460,861 480,239 466,447 459,660 459,867 459,368 452,454 427,023 411,222 441,258 400,195 427,775 435,054 428,851 414,002 411,135 425,724 382,189 395,257 415,219 409,881 371,544 380,008 310,930 407,206 377,856 338,000 356,756 382,000

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

22.8 20.3 21.8 5.2 15.5 7.1 15.9 19.6 15.0 15.7 17.1 14.8 19.9 15.0 16.5 17.9 17.3 15.2 16.1 23.0 26.8 16.6 27.8 19.1 15.1 15.4 19.4 18.7 14.3 24.0 19.4 13.0 14.0 23.3 19.9 42.5 7.3 15.3 24.6 16.8 8.9

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202

University of Dayton Oregon State University Foundation Miami University & Foundation Haverford College Marquette University National University Reed College Whitman College West Virginia Foundation, Inc. University of Manitoba# Loyola University of Chicago Dalhousie University# Loyola Marymount University University of California San Diego Foundation Creighton University Worcester Polytechnic University University of St. Thomas Villanova University Franklin W. Olin College of Engineering Lebanese American University** University System of New Hampshire & Foundations St. John’s University Virginia Commonwealth University University of South Florida Foundation, Inc. University of New Mexico & Foundation Rollins College Miami Dade College DePaul University York University and Foundation# University of Western Ontario & Foundation Western# Mississippi State University and Foundation University of Denver (Colorado Seminary) University of Vermont St. Olaf College Occidental College University of Wisconsin System Wabash College Kansas State University Foundation Ohio University & Foundation

State/ Province OH OR OH PA WI CA OR WA WV MB IL NS CA CA NE MA MN PA MA NY NH NY VA FL NM FL FL IL ON ON MS CO VT MN CA WI IN KS OH

2011 Endowment Funds ($000) 414,504 411,964 403,070 402,730 401,208 400,663 398,583 395,840 392,001 390,957 388,739 385,317 380,982 378,506 375,221 374,430 371,938 370,292 369,065 366,943 362,547 359,494 349,699 349,320 349,145 349,115 348,686 348,255 347,817 347,147 346,676 345,214 343,050 342,729 342,393 341,718 340,720 337,460 336,000

2010 Endowment Funds ($000) 346,582 351,843 348,201 355,500 326,003 352,800 358,664 334,814 337,127 311,145 315,305 304,113 326,213 313,843 317,824 307,680 294,008 297,648 335,557 320,508 268,626 303,057 280,704 295,921 295,792 279,852 306,028 284,017 262,116 269,226 291,434 289,030 291,182 274,304 298,891 288,554 294,614 277,584 277,232

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

19.6 17.1 15.8 13.3 23.1 13.6 11.1 18.2 16.3 25.7 23.3 26.7 16.8 20.6 18.1 21.7 26.5 24.4 10.0 14.5 35.0 18.6 24.6 18.0 18.0 24.7 13.9 22.6 32.7 28.9 19.0 19.4 17.8 24.9 14.6 18.4 15.6 21.6 21.2

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241

College of the Ozarks Earlham College Spelman College University of San Diego Dickinson College Wheaton College (IL) Union College University of Wyoming Foundation Clark University University of the South Rhode Island School of Design Michigan State University Foundation University of Connecticut & Foundations VMI Foundation, Inc. Franklin & Marshall College University of California Irvine Foundation Skidmore College Abilene Christian University University of South Alabama Foundation Rhodes College Temple University Quinnipiac University Victoria University# Hofstra University Southwestern University Scripps College Loyola University New Orleans Agnes Scott College University of Alaska & Foundation Medical College of Virginia Foundation, Inc. Simon Fraser University# Fairfield University Wayne State University University of Puget Sound Carleton University# College of Wooster Johnson & Wales University Berklee College of Music Harvey Mudd College

State/ Province MO IN GA CA PA IL NY WY MA TN RI MI CT VA PA CA NY TX AL TN PA CT ON NY TX CA LA GA AK VA BC CT MI WA ON OH RI MA CA

2011 Endowment Funds ($000) 330,524 328,455 326,929 326,821 326,551 322,603 321,902 321,781 320,453 318,710 318,678 317,721 312,329 304,430 303,321 301,211 299,365 299,109 283,496 283,372 280,731 277,466 275,219 274,262 268,983 266,869 266,205 257,860 257,781 256,462 256,165 254,004 251,309 251,291 250,851 247,480 246,444 245,068 243,125

2010 Endowment Funds ($000) 277,382 276,198 295,220 326,821 277,993 273,728 290,543 254,911 275,103 272,487 286,464 280,849 271,822 302,683 266,339 243,064 270,978 262,396 263,634 252,462 235,531 223,495 240,437 227,404 241,787 231,160 231,509 234,973 216,526 214,971 201,312 218,699 223,740 217,691 203,857 223,831 205,224 200,263 208,454

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

19.2 18.9 10.7 0.0 17.5 17.9 10.8 26.2 16.5 17.0 11.2 13.1 14.9 0.6 13.9 23.9 10.5 14.0 7.5 12.2 19.2 24.1 14.5 20.6 11.2 15.4 15.0 9.7 19.1 19.3 27.2 16.1 12.3 15.4 23.1 10.6 20.1 22.4 16.6

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

242 243 244 245 246 247

Bradley University Babson College Hampton University St. Lawrence University Gettysburg College University of Nevada Reno Foundation and Athletic Association Seton Hall Bates College Medical University of South Carolina Foundation Willamette University University of Maryland College Park Foundation, Inc. Catholic University of America Colorado State University Foundation Barnard College Nevada System of Higher Education The New School University of Saskatchewan# University of Hawaii Foundation Lawrence University of Wisconsin University of San Francisco Centre College Connecticut College University of the Pacific Drew University Utah State University Ithaca College The Citadel University of California Davis Foundation University of North Carolina at Greensboro Investment Fund Bentley University Lewis & Clark College Youngstown State University & Foundation Western Michigan University Foundation University of Toledo & Foundation Mercer University Colorado School of Mines Foundation, Inc. University of Memphis

248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278

2010 Endowment Funds ($000) 198,524 195,791 212,712 204,360 207,835 200,646

*Percentage Change (%)

IL MA VA NY PA NV

2011 Endowment Funds ($000) 241,941 241,367 240,014 239,822 237,706 235,404

NJ ME SC OR MD DC CO NY NV NY SK HI WI CA KY CT CA NJ UT NY SC CA NC

231,734 231,451 230,286 226,567 225,257 225,081 221,231 218,478 217,494 216,082 215,544 215,119 214,651 213,177 212,957 212,622 212,176 209,965 208,986 208,913 208,516 207,782 204,577

162,889 198,548 181,554 204,459 191,031 191,913 176,634 186,800 N/A 187,346 168,221 175,987 180,258 181,959 174,854 179,250 181,077 183,355 187,415 171,659 179,289 162,569 170,797

42.3 16.6 26.8 10.8 17.9 17.3 25.2 17.0 N/A 15.3 28.1 22.2 19.1 17.2 21.8 18.6 17.2 14.5 11.5 21.7 16.3 27.8 19.8

MA OR OH MI OH GA CO TN

201,910 201,610 199,438 198,436 197,374 196,964 196,068 195,060

166,973 175,873 164,741 168,668 162,008 160,222 165,939 183,172

20.9 14.6 21.1 17.6 21.8 22.9 18.2 6.5

State/ Province

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

21.9 23.3 12.8 17.4 14.4 17.3

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318

Illinois Institute of Technology Regent University Wichita State University Foundation University of Idaho Foundation, Inc. Chapman University Ohio Wesleyan University Goucher College University of New Brunswick# New Mexico State University & Foundation Illinois Wesleyan University Mills College Kenyon College Florida Atlantic University Foundation Rose-Hulman Institute of Technology Hobart and William Smith Colleges Washington College California Polytechnic State University & Foundation Saint Joseph’s University University of Akron & Foundation Claremont Graduate University Duquesne University Hendrix College Old Dominion University John Carroll University University of Nevada Las Vegas (UNLV) Foundation Loyola University of Maryland Simmons College Clarkson University Wheaton College (MA) Lesley University Valparaiso University St. Mary’s University Gallaudet University Albion College Philadelphia College of Osteopathic Medicine Wofford College Butler University University of South Dakota Foundation Kalamazoo College University of the Sciences in Philadelphia

State/ Province IL VA KS ID CA OH MD NB NM IL CA OH FL IN NY MD CA PA OH CA PA AR VA OH NV MD MA NY MA MA IN TX DC MI PA SC IN SD MI PA

2011 Endowment Funds ($000) 194,206 193,921 193,039 192,003 190,612 189,224 188,336 186,786 186,737 185,785 183,397 179,923 179,739 178,196 174,646 173,557 173,419 173,115 171,513 171,485 171,119 170,587 170,176 169,294 168,560 165,933 165,341 165.144 164,948 163,936 163,721 163,058 162,609 162,366 162,281 161,344 157,549 155,901 155,218 153,964

2010 Endowment Funds ($000) 180,039 179,550 177,017 166,738 150,698 159,948 158,375 158,353 154,039 160,071 165,377 158,752 156,417 159,704 151,304 151,660 146,773 145,051 143,950 153,157 140,824 146,378 140,280 147,101 146,766 135,858 144,115 140,216 146,690 147,161 140,406 146,361 141,042 132,944 134,490 138,211 128,486 125,979 131,557 134,953

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

7.9 8.0 9.1 15.2 26.5 18.3 18.9 18.0 21.2 16.1 10.9 13.3 14.9 11.6 15.4 14.4 18.2 19.3 19.1 12.0 21.5 16.5 21.3 15.1 14.8 22.1 14.7 17.8 12.4 11.4 16.6 11.4 15.3 22.1 20.7 16.7 22.6 23.8 18.0 14.1

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358

Hope College Inter American University of Puerto Rico Allegheny College Drake University Hollins University Lycoming College Stonehill College, Inc. Muhlenberg College Randolph College University of Maine Foundation Bryant University St. John’s University (MN) Stevens Institute of Technology Stetson University, Inc. Ohio Northern University Washburn University Foundation Bowling Green University Foundation, Inc. Rowan University Foundation University of North Carolina at Charlotte Ball State University Foundation SUNY Stony Brook Foundation Mennonite Education Agency Investment Fund LLC Hanover College Asbury Theological Seminary University of Montana Foundation Florida International University Foundation, Inc. San Diego State University University of South Alabama University of Scranton Hampden-Sydney College Messiah College St. John’s College (Annapolis and Santa Fe) East Carolina University Corporation of Saint Mary’s College of Notre Dame, IN Saint Mary’s College of California California State University Fresno University of Central Florida (UCF) Foundation, Inc. Centenary College of Louisiana Illinois College Austin College

State/ Province MI PR PA IA VA PA MA PA VA ME RI MN NJ FL OH KS OH NJ NC IN NY IN MN KY MT FL CA AL PA VA PA MD NC IN CA CA FL LA IL TX

2011 Endowment Funds ($000) 153,813 153,531 153,505 153,128 152,718 152,275 151,226 150,241 149,230 149,060 148,715 144,114 144,042 143,914 143,050 142,790 141,788 141,273 140,913 140,275 139,026 138,636 137,301 137,246 136,310 136,237 135,191 132,000 131,880 131,304 130,236 129,942 128,551 127,990 127,891 127,293 127,129 125,277 124,899 124,895

2010 Endowment Funds ($000) 134,973 121,927 134,558 135,009 128,695 124,797 127,606 126,482 137,460 123,236 126,119 121,593 133,397 122,971 119,244 116,631 118,712 122,034 105,536 128,079 126,349 113,293 121,328 124,322 114,172 95,259 109,401 101,000 106,344 118,254 114,835 114,499 103,562 108,655 109,169 111,566 102,739 107,208 108,629 112,744

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

14.0 25.9 14.1 13.4 18.7 22.0 18.5 18.8 8.6 21.0 17.9 18.5 8.0 17.0 20.0 22.4 19.4 15.8 33.5 9.5 10.0 22.4 13.2 10.4 19.4 43.0 23.6 30.7 24.0 11.0 13.4 13.5 24.1 17.8 17.1 14.1 23.7 16.9 15.0 10.8

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396

Transylvania University Buena Vista University Pace University Le Moyne College Polytechnic Institute of New York University University of North Dakota Foundation Suffolk University Medical College of Georgia Foundation, Inc. Gonzaga University Elon University Randolph-Macon College Mount Allison University# Baldwin Wallace College Texas State University-San Marcos Xavier University Augustana College California Institute of the Arts University of Mount Union Luther College Susquehanna University Montana State University Foundation, Inc. Roanoke College Beloit College Western Kentucky University & Foundations University of Hartford Pitzer College Lindenwood University Georgia State University Foundation St. Louis College of Pharmacy New England Conservatory of Music Florida A&M University Foundation, Inc. University of North Texas Columbia College Chicago University of Redlands Ursinus College Gustavus Adolphus College Sacred Heart University Meharry Medical College

State/ Province KY IA NY NY NY ND MA GA WA NC VA NB OH TX OH IL CA OH IA PA MT VA WI KY CT CA MO GA MO MA FL TX IL CA PA MN CT TN

2011 Endowment Funds ($000) 124,764 124,746 124,109 122,975 122,357 122,283 121,940 121,259 121,220 120,491 120,319 119,872 119,746 119,711 119,509 118,922 118,898 118,865 116,745 115,854 115,687 115,379 115,217 114,415 114,316 113,731 113,332 113,199 112,335 112,050 111,516 110,735 110,722 109,423 109,401 109,372 108,337 107,529

2010 Endowment Funds ($000) 112,934 100,476 102,528 94,774 105,923 100,972 99,157 101,750 96,865 100,875 103,125 93,182 103,946 94,709 101,047 99,310 98,201 103,311 99,844 91,865 98,505 98,484 108,001 102,730 91,180 94,544 86,487 87,459 90,018 98,407 96,154 82,513 93,146 94,237 91,822 90,292 81,912 90,659

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

10.5 24.2 21.0 29.8 15.5 21.1 23.0 19.2 25.1 19.4 16.7 28.6 15.2 26.4 18.3 19.7 21.1 15.1 16.9 26.1 17.4 17.2 6.7 11.4 25.4 20.3 31.0 29.4 24.8 13.9 16.0 34.2 18.9 16.1 19.1 21.1 32.3 18.6

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435

St. Ambrose University Hardin-Simmons University Millikin University Austin Presbyterian Theological Seminary Washington & Jefferson College North Dakota State University Development Foundation Harding University Alma College University of Portland Goshen College Pratt Institute Whitworth University University of Rhode Island East Tennessee State University University of California Riverside Foundation Elmhurst College Millsaps College Wittenberg University Cottey College Southern Illinois University Foundation University of Chattanooga Foundation, Inc. Saint Anselm College Sweet Briar College North Central College The Culinary Institute of America The College of Idaho Northern Arizona University Foundation Moravian College University of the Ozarks Doane College Westminster College (PA) Alfred University McDaniel College, Inc. Canisius College Illinois State University Foundation Ouachita Baptist University St. Francis Xavier University# Central Michigan University McCormick Theological Seminary

State/ Province IA TX IL TX PA ND AR MI OR IN NY WA RI TN CA IL MS OH MO IL TN NH VA IL NY ID AZ PA AR NE PA NY MD NY IL AR NS MI IL

2011 Endowment Funds ($000) 107,281 106,336 106,159 104,034 103,968 103,043 101,183 100,964 100,179 99,291 99,014 98,937 97,659 96,822 96,644 96,127 96,107 96,083 95,652 94,767 94,602 94,323 93,811 93,440 92,228 91,810 91,700 91,490 90,917 90,405 90,035 89,706 88,841 88,527 88,426 87,464 85,298 85,267 85,137

2010 Endowment Funds ($000) 90,045 89,317 89,158 88,509 81,947 97,036 87,179 85,139 79,989 83,086 73,592 79,732 84,932 79,186 72,771 80,682 80,281 88,470 84,548 76,235 78,582 78,479 81,878 78,148 71,732 78,671 63,236 74,065 76,499 77,884 77,907 79,795 75,234 73,047 74,137 76,332 62,833 66,653 74,485

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

19.1 19.1 19.1 17.5 26.9 6.2 16.1 18.6 25.2 19.5 34.5 24.1 15.0 22.3 32.8 19.1 19.7 8.6 13.1 24.3 20.4 20.2 14.6 19.6 28.6 16.7 45.0 23.5 18.8 16.1 15.6 12.4 18.1 21.2 19.3 14.6 35.8 27.9 14.3

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472

Webster University Concordia College Long Island University Knox College Linfield College Marshall University Foundation, Inc. Emory & Henry College Queens University of Charlotte Wright State University Foundation, Inc. Louisville Presbyterian Theological Seminary Columbia College Assumption College Franklin College Texas Lutheran University John Brown University Oklahoma City University Presbyterian College Meredith College Embry-Riddle Aeronautical University Michigan Technological University Widener University Roosevelt University Monmouth College (Illinois) Lynchburg College Coe College Oklahoma Christian University Niagara University Wentworth Institute of Technology, Inc. University of North Florida Foundation, Inc. Whittier College Juniata College Drury University University of Northern Colorado Foundation Luther Seminary Belmont University Pacific Lutheran University Weber State University

State/ Province MO MN NY IL OR WV VA NC OH KY MO MA IN TX AR OK SC NC FL MI PA IL IL VA IA OK NY MA FL CA PA MO CO MN TN WA UT

2011 Endowment Funds ($000) 84,921 84,727 84,292 84,085 83,875 83,810 83,421 83,267 82,314 81,911 81,616 81,320 80,756 80,477 79,961 79,791 79,726 79,519 79,415 78,699 78,681 78,675 78,624 78,283 77,851 77,833 77,510 77,478 77,414 77,249 76,871 76,751 76,493 76,199 76,010 75,369 75,217

2010 Endowment Funds ($000) 61,984 69,678 74,679 67,436 67,027 71,387 71,319 54,937 63,871 72,715 59,049 68,969 72,881 66,656 67,312 67,912 69,892 67,705 63,856 68,796 61,068 67,934 66,174 66,916 75,164 61,944 64,504 66,796 69,228 65,037 62,749 70,805 66,259 64,854 64,028 67,144 62,155

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

37.0 21.6 12.9 24.7 25.1 17.4 17.0 51.6 28.9 12.6 38.2 17.9 10.8 20.7 18.8 17.5 14.1 17.4 24.4 14.4 28.8 15.8 18.8 17.0 3.6 25.7 20.2 16.0 11.8 18.8 22.5 8.4 15.4 17.5 18.7 12.3 21.0

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. 2011 2010 *Percentage State/ Endowment Endowment Change Rank Institution Funds Funds Province (%) ($000) ($000) 473 Trinity College# ON 74,996 59,956 25.1 474 New Jersey Institute of Technology NJ 74,978 63,740 17.6 475 University of Evansville IN 74,910 64,249 16.6 476 Biola University CA 74,578 60,002 24.3 477 La Salle University PA 74,227 59,567 24.6 478 Sarah Lawrence College NY 74,225 65,903 12.6 479 Emporia State University Foundation, Inc. KS 74,166 62,795 18.1 480 Grand Valley State University MI 74,106 60,718 22.0 481 Hamline University of Minnesota MN 74,041 63,647 16.3 482 Taylor University IN 73,139 64,429 13.5 483 San Jose State University and Tower Foundation CA 73,100 55,110 32.6 484 Central College IA 73,053 64,144 13.9 485 Morehouse School of Medicine GA 72,916 62,991 15.8 486 Chatham University PA 72,894 58,547 24.5 487 University of Indianapolis IN 72,857 60,039 21.3 488 Boise State University Foundation, Inc. ID 72,507 61,142 18.6 489 University of Dubuque IA 72,364 57,062 26.8 490 St. Norbert College WI 72,286 59,623 21.2 491 South Dakota State University Foundation SD 72,181 54,618 32.2 492 Brite Divinity School TX 72,064 64,562 11.6 493 Wilson College PA 71,440 50,938 40.2 494 Simpson College IA 71,397 61,824 15.5 495 Saint Michael’s College VT 71,232 58,519 21.7 496 Valencia College & Foundation FL 71,011 63,234 12.3 497 Lake Forest College IL 70,653 60,158 17.4 498 Broward College Foundation, Inc. FL 70,439 61,700 14.2 499 York College of Pennsylvania PA 69,682 59,413 17.3 500 Appalachian State University & Foundation NC 69,551 56,138 23.9 501 Northwood University MI 69,390 58,500 18.6 502 Northern Kentucky University Foundation, Inc. KY 69,115 55,546 24.4 503 Lenoir-Rhyne University NC 69,005 59,356 16.3 504 Indiana Wesleyan University IN 68,655 48,745 40.8 505 Oregon University System OR 68,595 59,062 16.1 506 Converse College SC 68,518 57,586 19.0 507 Westmont College CA 68,278 59,137 15.5 508 California State University Northridge CA 68,103 54,882 24.1 509 Guilford College NC 67,656 59,267 14.2 510 St. Francis College NY 67,364 59,577 13.1 511 Palm Beach Atlantic University FL 67,320 61,506 9.5

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. 2011 2010 *Percentage State/ Endowment Endowment Change Rank Institution Funds Funds Province (%) ($000) ($000) 512 Maryland Institute College of Art MD 67,059 55,146 21.6 513 The Foundation of SUNY Binghamton, Inc. NY 66,804 65,205 2.5 514 Kettering University MI 66,446 54,845 21.2 515 Cornell College IA 65,046 59,669 9.0 516 Middle Tennessee State University TN 64,570 52,442 23.1 517 Emmanuel College MA 64,501 56,835 13.5 518 Wagner College NY 64,443 49,597 29.9 519 Bridgewater College VA 63,735 54,467 17.0 520 Muskingum University OH 63,644 53,036 20.0 521 Hood College of Frederick, MD MD 63,440 51,360 22.9 522 Indiana University of Pennsylvania & Foundation PA 63,184 52,411 20.6 523 McMurry University TX 62,903 55,148 14.1 524 New York Medical College NY 62,836 52,436 19.8 525 University of North Carolina Wilmington NC 62,826 51,967 20.9 526 University of St. Thomas TX 62,344 50,697 23.0 527 Ripon College WI 62,343 51,296 21.5 528 Capital University OH 61,949 53,015 16.9 529 Hartwick College NY 61,162 52,206 17.0 530 Hiram College OH 61,155 54,658 11.9 531 Marietta College OH 60,462 55,668 8.6 532 Westminster College of Salt Lake City UT 60,251 50,788 18.6 533 SUNY Upstate Medical University NY 60,137 50,881 18.2 534 Missouri State University Foundation MO 59,971 48,374 24.0 535 Monmouth University NJ 59,928 50,758 18.1 536 Golden Gate University CA 59,824 49,766 20.2 537 Lipscomb University TN 59,577 50.765 17.4 538 Tennessee Technological University TN 59,449 49,794 19.4 539 Pittsburg State University Foundation, Inc. KS 59,333 48,101 23.4 540 University of Southern Mississippi Foundation MS 58,745 49,150 19.5 541 LaGrange College GA 57,776 50,473 14.5 542 James Madison University Foundation, Inc. VA 57,738 48,515 19.0 543 Nazareth College NY 56,715 48,665 16.5 544 Augustana College (SD) SD 56,671 48,247 17.5 545 Elizabethtown College PA 56,478 48,220 17.1 546 Oakland University MI 56,320 46,256 21.8 547 Manhattan College NY 55,846 46,912 19.0 548 University of West Florida Foundation, Inc. FL 55,688 50,356 10.6 549 King’s College PA 55,643 48,379 15.0

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank Institution State/ 2011 2010 *Percentage Province Endowment Endowment Change Funds Funds (%) ($000) ($000) 550 Arcadia University PA 55,477 46,779 18.6 551 California Lutheran University CA 55,139 48,439 13.8 552 University of Northern British Columbia & Foundation# BC 54,757 44,682 22.5 553 Florida Southern College FL 54,581 51,928 5.1 554 Maryville College TN 54,451 45,686 19.2 555 St. Edward’s University TX 54,057 44,387 21.8 556 Schreiner University TX 53,929 46,605 15.7 557 Shenandoah University VA 53,303 47,041 13.3 558 Pacific University OR 53,272 46,111 15.5 559 University of Arkansas Fort Smith Foundation, Inc. AR 53,199 45,013 18.2 560 Albright College PA 52,617 42,959 22.5 561 Rider University NJ 52,520 46,802 12.2 562 Moody Bible Institute IL 52,362 42,717 22.6 563 Birmingham-Southern College AL 52,256 56,172 -7.0 564 Warren Wilson College NC 51,940 47,924 8.4 565 Carthage College WI 51,712 39,119 32.2 566 George Mason University Foundation, Inc. VA 51,608 44,983 14.7 567 Eastern Illinois University Foundation IL 51,343 37,910 35.4 568 Western Carolina University NC 51,282 45,757 12.1 569 Fort Hays State University Foundation KS 50,624 47,464 6.7 570 Saginaw Valley State University Foundation MI 50,503 42,310 19.4 571 Webb Institute NY 50,239 43,532 15.4 572 California State Polytechnic University Ponoma CA 49,984 32,137 55.5 573 Northern Illinois University Foundation IL 49,890 38,535 29.5 574 Iona College NY 49,732 39,099 27.2 575 Florida Institute of Technology FL 49,603 44,525 11.4 576 Seattle Pacific University WA 49,578 42,381 17.0 577 College of Central Florida Foundation FL 49,442 39,597 24.9 578 Lebanon Valley College VA 49,249 43,800 12.4 579 Eastern Kentucky University Foundation KY 49,012 41,424 18.3 580 San Francisco State University Foundation CA 48,954 49,019 -0.1 581 Clark College Foundation WA 48,241 43,875 10.0 582 College of St. Scholastica, Inc. MN 48,136 23,364 106.0 583 Nebraska Wesleyan University NE 47,476 40,079 18.5 584 Eckerd College FL 47,475 37,814 25.5 585 Eastern Michigan University Foundation MI 47,101 39,676 18.7 586 St. Bonaventure University NY 47,097 39,441 19.4 587 DeSales University PA 47,091 38,167 23.4 588 California State University Long Beach Foundation CA 46,269 36,564 26.5 589 SUNY Purchase College Foundation NY 46,208 38,896 18.8

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629

Springfield College Eastern Virginia Medical School Foundation Indiana State University Foundation, Inc. Mount Saint Mary’s University Aurora University Wheelock College University of the Arts Wilkes University New York Chiropractic College Keck Graduate Institute of Applied Life Sciences Georgian Court University Salve Regina University Howard Payne University William Peace University College of Saint Benedict Bethany College California State University Chico Foundation Manchester College Northwestern College (IA) Bethune-Cookman University Inc. Bellarmine University Longwood University Foundation Inc. Carroll University Lamar University Foundation, Inc. Friends University Graceland University Ferrum College Towson University Foundation, Inc. Indiana Institute of Technology, Inc. Gannon University Minnesota State University, Mankato Portland State University Foundation Georgia Southern University Foundation Lewis University Houghton College Arkansas State University Foundation, Inc. Western New England University Ana G. Mendez University System Endicott College Cleveland Institute of Music

State/ Province MA VA IN MD IL MA PA PA NY CA NJ RI TX NC MN WV CA IN IA FL KY VA WI TX KS IA VA MD IN PA MN OR GA IL NY AR MA PR MA OH

2011 Endowment Funds ($000) 46,119 46,011 45,966 45,932 45,525 45,420 44,940 44,829 44,722 44,581 44,246 43,715 43,596 43,563 43,378 43,351 43,021 42,884 42,660 42,487 42,300 42,294 41,922 41,708 41,686 41,445 41,427 41,335 41,065 40,418 40,227 40,010 39,918 39,831 39,660 39,479 39,345 39,080 38,697 38,518

2010 Endowment Funds ($000) 40,182 38,765 40,806 37,139 38,906 38,395 33,141 38,016 38,121 38,337 40,258 36,009 36,847 37,662 35,761 41,300 38,958 35,747 35,448 34,035 33,744 35,854 32,697 32,696 38,141 38,472 34,956 33,243 32,332 32,629 30,957 32,018 33,703 34,756 33,627 35,435 33,934 50,094 31,078 33,023

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

14.8 18.7 12.6 23.7 17.0 18.3 35.6 17.9 17.3 16.3 9.9 21.1 18.3 15.7 21.3 5.0 10.4 20.0 20.3 24.8 25.4 18.0 28.2 27.6 9.3 7.7 18.5 24.3 27.0 23.9 29.9 25.0 18.4 14.6 17.9 11.4 15.9 -22.0 24.5 16.6

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses.

Rank

Institution

630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669

Hartford Seminary Tennessee State University Foundation Columbus State University Foundation, Inc. Elmira College Asbury College Morningside College High Point University SUNY College at Oneonta Foundation University of Wisconsin Eau Claire Foundation, Inc. Viterbo University, Inc. Maryville University of St. Louis The Ferris Foundation University of La Verne University of Mary Washington Bethel University Rockhurst University Texas Southern University Marist College Marywood University University at Albany Foundation Radford University Foundation, Inc. Kentucky Community and Technical College System Texas Wesleyan University University of Charleston Florida State College at Jacksonville Sonoma State University Academic Foundation Freed-Hardeman University Saint Francis University Delaware Valley College McPherson College San Francisco Conservatory of Music Augsburg College Shippensburg University Foundation Notre Dame of Maryland University California State University Fullerton Mary Baldwin College College of Saint Rose Heidelberg University Brenau University Fairleigh Dickinson University

State/ Province CT TN GA NY KY IA NC NY WI WI MO MI CA VA MN MO TX NY PA NY VA KY TX WV FL CA TN PA PA KS CA MN PA MD CA VA NY OH GA NJ

2011 Endowment Funds ($000) 38,431 38,130 38,102 38,007 38,003 37,636 37,610 37,387 36,927 36,792 36,719 36,703 36,629 36,528 36,452 36,312 36,194 35,521 35,510 35,454 35,374 35,329 34,971 34,957 34,551 34,221 34,172 34,153 34,146 33,827 33,502 33,268 32,681 32,571 32,347 32,163 31,664 31,523 31,310 31,274

2010 Endowment Funds ($000) 32,598 31,212 33,239 29,835 30,905 32,169 32,679 30,926 26,783 29,854 36,068 28,949 29,794 31,030 31,493 28,332 30,227 35,521 28,258 29,523 28,868 29,007 32,411 29,710 26,736 27,974 28,281 26,221 15,494 32,028 32,239 27,930 26,593 27,999 23,987 29,346 26,764 26,197 25,788 23,928

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

17.9 22.2 14.6 27.4 23.0 17.0 15.1 20.9 37.9 23.2 1.8 26.8 22.9 17.7 15.7 28.2 19.7 0.0 25.7 20.1 22.5 21.8 7.9 17.7 29.2 22.3 20.8 30.3 120.4 5.6 3.9 19.1 22.9 16.3 34.9 9.6 18.3 20.3 21.4 30.7

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Market Value of Endowment Assets and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

670 671 672 673 674 675

Mercy College Colby-Sawyer College Clarke University of Dubuque, Iowa Troy University Foundation Jacksonville University Northampton County Area Community College Foundation New College Foundation, Inc. National Louis University Madonna University Hampshire College University Foundation at Sacramento State Graduate Theological Union Lawrence Technological University Lasell College Jamestown College McKendree University Montana Tech Foundation Harrisburg Area Community College University of Central Missouri Foundation Lamar University Cazenovia College Rocky Mountain College University of Mary College of Mount St. Joseph Western Illinois University Foundation University of North Carolina at Asheville Barry University Robert Morris University Sinclair Community College Foundation Covenant College Winston-Salem State University Concordia University St. Paul North Carolina A&T State University Misericordia University Averett University Georgia Southwestern Foundation, Inc. Mercyhurst College Dominican University Ohio Dominican University

676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708

2010 Endowment Funds ($000) 23,522 27,224 26,303 24,760 25,665 23,892

*Percentage Change (%)

NY NH IA AL FL PA

2011 Endowment Funds ($000) 31,114 30,851 30,689 30,640 30,473 29,979

FL IL MI MA CA CA MI MA ND IL MT PA MO TX NY MT ND OH IL NC FL PA OH GA NC MN NC PA VA GA PA IL OH

29,670 28,993 28,983 28,917 28,820 28,397 28,289 28,253 28,230 28,224 28,217 28,111 27,826 27,738 27,671 27,654 27,632 27,440 27,274 27,054 26,812 26,185 26,042 25,392 25,323 25,301 25,172 24,807 24,661 24,632 24,447 24,315 24,273

25,234 24,666 23,241 25,044 25,540 23,670 23,427 24,395 23,664 23,132 22,561 25,903 24,652 34,946 23,541 24,840 24,163 20,999 23,048 23,212 25,087 19,116 22,219 21,349 21,721 21,430 19,755 19,690 20,646 20,188 20,851 19,700 20,783

17.6 17.5 24.7 15.5 12.8 20.0 20.8 15.8 19.3 22.0 25.1 8.5 12.9 -20.6 17.5 11.3 14.4 30.7 18.3 16.6 6.9 37.0 17.2 18.9 16.6 18.1 27.4 26.0 19.4 22.0 17.3 23.4 16.8

State/ Province

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

32.3 13.3 16.7 23.7 18.7 25.5

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. 2011 2010 *Percentage State/ Endowment Endowment Change Rank Institution Funds Funds Province (%) ($000) ($000) 709 The Farone Foundation—Catholic University of America DC 23,887 19,226 24.2 710 Northland College WI 23,721 19,119 24.1 711 Carroll College MT 23,654 21,717 8.9 712 Pacific Union College CA 23,362 19,288 21.1 713 Wilmington College OH 23,334 24,361 -4.2 714 Central Piedmont Community College Foundation, Inc. NC 23,157 18,202 27.2 715 Philadelphia University PA 23,091 20,004 15.4 716 Marymount University VA 23,083 19,550 18.1 717 Buffalo State College Foundation, Inc. NY 22,732 16,776 35.5 718 Virginia State University VA 22,574 16,992 32.8 719 West Chester University of Pennsylvania & Foundation PA 22,372 16,288 37.3 720 Humboldt State University Advancement Foundation CA 22,007 18,512 18.9 721 Neumann University PA 21,766 18,294 15.0 722 State University of New York Cortland Foundation NY 21,620 17,573 23.0 723 William Mitchell College of Law CA 21,536 18,382 17.2 724 Eastern Mennonite University VA 21,438 17,463 22.8 725 College of New Rochelle NY 21,421 18,686 14.6 726 Saint Joseph College CT 21,406 15,495 38.1 727 Vaughn College of Aeronautics NY 21,343 17,933 19.0 728 Culver-Stockton College MO 21,091 17,108 23.3 729 Rhode Island College Foundation RI 21,013 17,544 19.8 730 College of Saint Elizabeth NJ 20,932 18,276 14.5 731 Alverno College WI 20,911 17,443 19.9 732 Mount Mercy University IA 20,851 19,637 6.2 733 Huntington University IN 20,569 17,348 18.6 734 State University of New York Fredonia College NY 20,492 17,691 15.8 Foundation 735 Loras College IA 20,476 18,552 10.4 736 Cedarville University OH 20,272 16,147 25.5 737 Utica College NY 20,197 17,535 15.2 738 Olivet Nazarene University IL 19,930 15,780 26.3 739 Wisconsin Lutheran College, Inc. WI 19,892 18,225 9.1 740 California State University San Bernardino Foundation CA 19,681 16,427 19.8 741 Mount Aloysius College PA 19,449 15,300 27.1 742 Trevecca Nazarene University TN 19,252 16,138 19.3 743 California State University Los Angeles CA 19,240 15,665 22.8 744 College of New Jersey Foundation, Inc. NJ 19,143 14,743 29.8 745 Southern California College of Optometry CA 19,066 15,833 20.4 746 Methodist University, Inc. NC 18,968 15,698 20.8 747 Thunderbird School of Global Management AZ 18,798 16,940 11.0 748 St. Thomas University (FL) FL 18,621 15,921 17.0

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. 2011 2010 *Percentage State/ Endowment Endowment Change Rank Institution Funds Funds Province (%) ($000) ($000) 749 State University of New York Potsdam College NY 18,553 14,976 23.9 Foundation, Inc. 750 Thomas M. Cooley Law School MI 18,479 15,146 22.0 751 Stephen F. Austin University Alumni Foundation TX 18,144 15,993 13.5 752 Spartanburg Methodist College SC 17,944 15,083 19.0 753 California State University San Marcos Foundation CA 17,921 14,610 22.7 754 California State University Bakersfield CA 17,887 14,543 23.0 755 American University in Bulgaria DC 17,387 13,191 31.8 756 Peirce College PA 16,717 13,563 23.3 757 Southern New Hampshire University NH 16,523 14,727 12.2 758 Roberts Wesleyan College NY 16,433 12,714 29.3 759 Southern Illinois University Edwardsville Foundation IL 16,375 13,373 22.4 760 Tri-County Technical College Foundation, Inc. SC 15,877 12,954 22.6 761 Grand View University IA 15,514 13,027 19.1 762 Fayetteville State University NC 15,081 13,556 11.3 763 Kutztown University Foundation, Inc. PA 14,882 11,751 26.6 764 Regis College MA 14,821 14,218 4.2 765 Defiance College OH 14,737 12,780 15.3 766 Pacific Northwest College of Art OR 14,686 12,963 13.3 767 Golden Gate Baptist Theological Seminary CA 14,602 13,115 11.3 768 Empire State College Foundation NY 14,496 11,918 21.6 769 Plattsburgh College Foundation NY 14,075 11,543 21.9 770 Delta College MI 13,897 11,056 25.7 771 Fitchburg State University MA 13,812 12,699 8.8 772 Broome Community College Foundation, Inc. NY 13,436 11,006 22.1 773 Northern Michigan University MI 13,370 11,562 15.6 774 University of Wisconsin Oshkosh Foundation, Inc. WI 13,346 11,064 20.6 775 Southern Connecticut State University Foundation, Inc. CT 13,326 11,762 13.3 776 California State University Monterey Bay CA 13,022 9,554 36.3 777 Western Connecticut State University CT 12,811 10,744 19.2 778 Lakeland College WI 12,082 10,394 16.2 779 Austin Peay State University Foundation TN 11,912 8,604 38.5 780 Alamo Community College District TX 11,901 10,099 17.8 781 Ramapo College of New Jersey NJ 11,832 9,110 29.9 782 Mount Ida College MA 11,727 9,990 17.4 783 Shawnee State University OH 11,557 9,151 26.3 784 Oswego College Foundation, Inc. NY 11,514 9,328 23.4 785 North Iowa Area Community College IA 11,508 10,587 8.7

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. Rank

Institution

786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825

Thomas College California State University Office of the Chancellor Holy Names University Cambridge College Saint Mary-of-the-Woods College Trinity Western University# Central Oregon Community College Foundation Schoolcraft College Foundation Five Colleges, Inc. California State University Stanislaus Foundation Fitchburg State University Foundation, Inc. Weber State University Foundation Pensacola State College Foundation, Inc. Metropolitan College of New York LeTourneau University California State University East Bay California State University Channel Islands Foundation Florida Memorial University, Inc. Foundation for Florida Gateway College, Inc. Massachusetts College of Art and Design Spring Arbor University Pacific Lutheran Theological Seminary Holy Family University Briar Cliff University Chaminade University of Honolulu Western University of Health Sciences California State University Dominguez Hills Foundation Keuka College Boston Architectural College Holyoke Community College Foundation Centralia College Foundation Foundation for Reading Area Community College Skagit Valley College Foundation Oakton Community College Educational Foundation Denver Seminary Keystone College Austin Peay State University Mitchell College Pellissippi State Community College Foundation Midlands Technical College Foundation

State/ Province ME CA CA MA IN BC OR MI MA CA MA UT FL NY TX CA CA FL FL MA MI CA PA IA HI CA CA NY MA MA WA PA WA IL CO PA TN CT TN SC

2010 Endowment Funds ($000) 11,220 11,181 11,179 11,063 11,049 10,996 10,946 10,659 10,617 10,518 10,502 10,367 10,084 10,059 10,029 10,023 9,890 9,759 9,674 9,615 9,512 9,497 9,485 9,453 9,305 9,064 9,052 8,741 8,688 8,680 7,777 7,693 7,594 7,195 7,132 7,123 6,742 6,128 5,694 5,637

2010 Endowment Funds ($000) 9,033 9,057 9,401 9,309 9,643 7,957 8,511 8,696 11,114 8,873 9,955 8,308 9,169 8,328 6,677 8,518 7,770 9,020 7,292 8,762 8,528 8,415 8,923 7,829 8,028 7,913 7,871 7,514 7,537 7,298 6,472 6,111 6,055 4,555 6,967 7,166 5,695 4,961 4,573 4,717

*Percentage Change (%)

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.

24.2 23.5 18.9 18.8 14.6 38.2 28.6 22.6 -4.5 18.5 5.5 24.8 10.0 20.8 50.2 17.7 27.3 8.2 32.7 9.7 11.5 12.8 6.3 20.7 15.9 14.6 15.0 16.3 15.3 18.9 20.2 25.9 25.4 58.0 2.4 -0.6 18.4 23.5 24.5 19.5

U.S. and Canadian Institutions Listed by Fiscal Year 2011 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2010 to FY 2011 *Note: The percentage change does NOT represent the rate of return for the institution’s investments. Rather, the percentage change in the market value of an endowment from FY 2010 to FY 2011 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses. 2010 2011 *Percentage State/ Endowment Endowment Change Rank Institution Funds Funds Province (%) ($000) ($000) 826 Holyoke Community College MA 5,211 6,568 -20.7 827 J. Sargeant Reynolds Community College Educational VA 4,980 4,980 0.0 Foundation 828 Harford Community College Foundation MD 4,767 4,564 4.4 829 College of St. Joseph VT 4,471 3,502 27.7 830 Naval Postgraduate School Foundation CA 4,143 3,360 23.3 831 Music Institute of Chicago IL 3,500 2,982 17.4 832 Great Basin College Foundation (Pooled Endowment) NV 3,428 2,153 59.2 833 California Maritime Academy Foundation, Inc. CA 3,289 2,268 45.0 834 Metropolitan State University Foundation MN 2,627 2,479 6.0 835 Laboure College MA 1,967 1,712 14.9 836 Texas College TX 1,593 1,830 -12.9 837 Great Basin College Foundation (DWRF Maintenance NV 1,145 994 15.2 Endowment) 838 Georgia Perimeter College GA 823 747 10.2 839 Southern Virginia University VA 574 450 27.6

Average Median

---

497,352 93,440

422,032 77,844

17.8 20.0

Notes:

N/A=Not Available. #

Endowment market value data for Canadian institutions are expressed in U.S. dollars, based on the U.S./Canadian dollar conversion rates in effect on June 30, 2010 (for FY 2010) and June 30, 2011 (for FY 2011) , as reported by the Bank of Canada Web site (http://www.bankofcanada.ca/en/rates/exchform.html). **Includes $71 million in endowed plant/capital expenditure funds that were previously not included in the full NCSE survey report.

© Copyright 2012 National Association of College and University Business Officers and Commonfund Institute.