1. Harvard University – With an endowment of over $40 billion, Harvard is the richest college in the US. It was founded in 1636 and is located in Cambridge, Massachusetts.
2. Stanford University – Stanford’s endowment is over $28 billion, making it the second richest college in the US. It was founded in 1885 and is located in Stanford, California.
3. Yale University – Yale’s endowment is over $31 billion, making it the third richest college in the US. It was founded in 1701 and is located in New Haven, Connecticut.
4. Princeton University – Princeton’s endowment is over $26 billion, making it the fourth richest college in the US. It was founded in 1746 and is located in Princeton, New Jersey.
5. Massachusetts Institute of Technology (MIT) – MIT’s endowment is over $17 billion, making it the fifth richest college in the US. It was founded in 1861 and is located in Cambridge, Massachusetts.
6. University of Pennsylvania – UPenn’s endowment is over $14 billion, making it the sixth richest college in the US. It was founded in 1740 and is located in Philadelphia, Pennsylvania.
7. University of Notre Dame – Notre Dame’s endowment is over $13 billion, making it the seventh richest college in the US. It was founded in 1842 and is located in Notre Dame, Indiana.
8. Columbia University – Columbia’s endowment is over $11 billion, making it the eighth richest college in the US. It was founded in 1754 and is located in New York City, New York.
9. University of Chicago – UChicago’s endowment is over $9 billion, making it the ninth richest college in the US. It was founded in 1890 and is located in Chicago, Illinois.
10. Northwestern University – Northwestern’s endowment is over $11 billion, making it the tenth richest college in the US. It was founded in 1851 and is located in Evanston, Illinois.
Important Facts:
– The endowments of these universities are primarily funded by donations from alumni, philanthropists, and other sources.
– A large endowment allows a university to provide financial aid to students, fund research, and support various programs and initiatives.
– The wealth of these universities can also impact their rankings, reputation, and ability to attract top students and faculty.
– While these universities have large endowments, they also face financial challenges such as rising tuition costs, budget constraints, and the impact of economic downturns.