The Top 10 Richest Colleges by Endowment in North America a NEW YORK (TheStreet) -- College tuition costs may be climbing, but that doesnt mean collegesaare hurting. In fact, a number of universities are sitting on mountains of cash as measured by the size of their endowments. A colleges or universitys endowment represents cash or other financial assets donated to an institution. The larger the endowment, the wealthier the school. Must Read: 12 Stocks Warren Buffett Loves in 2014 While some endowment funds go to everyday campus operations or scholarships for students with financial need, many schools simply invest the money to fund future projects. When the economy hits a rough patch, that money loses value. A February 2014 study from the National Association of College and University Business Officers and Commonfund Institute that evaluated the endowment funds for 849 institutions in the U.S. and Canada found 75 with endowments of more than $1 billion. The study noted that the change in market value of the colleges endowments doesnt represent the rate of return from the institutions investments, but the net impact of withdrawals, payment of management and investment fees, additions in contributions and gifts, and investment gains and losses. Click through to see thea10 richest universities in North America ranked by their size of endowment in 2013. Must Read: Here Are 20 Stocks That Could Buck the Odds and Do Well in October Northwestern 10: Northwestern University Endowment funds last year: $7.88 billion Change from previous year: 10.7% Students last fall: 21,596 Undergraduate tuition: $62,848 for tuition only. Columbia 9: Columbia University Endowment funds last year: $8.20 billion Change from previous year: 7.1% Students last fall: 29,250 Undergraduate tuition: $66,604 for tuition, room and board for the 2011-12 academic year for New York residents. Must Read: 17 New Hollywood Movies You Will Want to See Over the Holidays Michigan 8: University of Michigan Endowment funds last year: $8.32 billion Change from previous year: 9.0% Students last fall: 43,710 for the main Ann Arbor campus Undergraduate tuition: $28,684 for tuition, room and board for on-campus residents for the 2011-12 school year. Texas A&M 7: Texas A&M (System) Endowment funds last year: $8.73 billion Change from previous year: 14.3% Students last fall: 56,255 Undergraduate tuition: $22,470 for residents, $40,040 for nonresidents, for the 2015-15 school year at Texas A&M University College Station (main campus) MIT 6: Massachusetts Institute of Technology Endowment funds last year: $11.01 billion Change from previous year: 6.8% Students last fall: 11,301 Undergraduate tuition: $58,732 for tuition, approximate undergraduate room and board, estimations for books and personal expenses for the 2013-14 academic year Must Read: 10 Best Apple Products Ever Princeton 5: Princeton University Endowment funds last year: $18.2 billion Change from previous year: 7.4% Students last fall: 8,014 Undergraduate tuition: $61,275 for the estimated cost of attendance in the coming 2015-16 academic year, including tuition, room, board and estimated miscellaneous expenses. Stanford 4: Stanford University Endowment funds last year: $18.69 billion Change from previous year: 9.7% Students last fall: 18,136 Undergraduate tuition: $58,912 for tuition, room and board for the 2014-15 academic year Must Read: Can These 22 New Restaurant Foods and Drinks Feed Investors Too? a Texas 3: University of Texas Endowment funds last year: $20.45 billion Change from previous year: 12% Students last fall: 52,059 for the main Austin campus Undergraduate tuition: $9,816 for residents, $34,860 for nonresidents, covering tuition only for the 2015-15 school year Yale 2: Yale University Endowment funds last year: $20.78 billion Change from previous year: 7.4% Students last fall: 12,109 Undergraduate tuition: $59,800 for tuition, room and board for the 2014-15 academic year Harvard 1: Harvard University Endowment funds last year: $32.33 billion Change from previous year: 6.2% Students last fall: 21,000 Undergraduate tuition: $58,607 for tuition, room and board for the 2014-15 school year Note: This article updates a 2012 article from Main Street, our sister site. Must Read: Starbucks Pumpkin Spice Frappuccino and 14 More Fatty Drinks It Makes By twocents@thestreet (J.R. deBart) a NEW YORK (TheStreet) -- College tuition costs may be climbing, but that doesnt mean collegesaare hurting. In fact, a number of universities are sitting on mountains of cash as measured by the size of their endowments. A colleges or universitys endowment represents cash or other financial assets donated to an institution. The larger the endowment, the wealthier the school. Must Read: 12 Stocks Warren Buffett Loves in 2014 While some endowment funds go to everyday campus operations or scholarships for students with financial need, many schools simply invest the money to fund future projects. When the economy hits a rough patch, that money loses value. A February 2014 study from the National Association of College and University Business Officers and Commonfund Institute that evaluated the endowment funds for 849 institutions in the U.S. and Canada found 75 with endowments of more than $1 billion. The study noted that the change in market value of the colleges endowments doesnt represent the rate of return from the institutions investments, but the net impact of withdrawals, payment of management and investment fees, additions in contributions and gifts, and investment gains and losses. Click through to see thea10 richest universities in North America ranked by their size of endowment in 2013. Must Read: Here Are 20 Stocks That Could Buck the Odds and Do Well in October Northwestern 10: Northwestern University Endowment funds last year: $7.88 billion Change from previous year: 10.7% Students last fall: 21,596 Undergraduate tuition: $62,848 for tuition only. Columbia 9: Columbia University Endowment funds last year: $8.20 billion Change from previous year: 7.1% Students last fall: 29,250 Undergraduate tuition: $66,604 for tuition, room and board for the 2011-12 academic year for New York residents. Must Read: 17 New Hollywood Movies You Will Want to See Over the Holidays Michigan 8: University of Michigan Endowment funds last year: $8.32 billion Change from previous year: 9.0% Students last fall: 43,710 for the main Ann Arbor campus Undergraduate tuition: $28,684 for tuition, room and board for on-campus residents for the 2011-12 school year. Texas A&M 7: Texas A&M (System) Endowment funds last year: $8.73 billion Change from previous year: 14.3% Students last fall: 56,255 Undergraduate tuition: $22,470 for residents, $40,040 for nonresidents, for the 2015-15 school year at Texas A&M University College Station (main campus) MIT 6: Massachusetts Institute of Technology Endowment funds last year: $11.01 billion Change from previous year: 6.8% Students last fall: 11,301 Undergraduate tuition: $58,732 for tuition, approximate undergraduate room and board, estimations for books and personal expenses for the 2013-14 academic year Must Read: 10 Best Apple Products Ever Princeton 5: Princeton University Endowment funds last year: $18.2 billion Change from previous year: 7.4% Students last fall: 8,014 Undergraduate tuition: $61,275 for the estimated cost of attendance in the coming 2015-16 academic year, including tuition, room, board and estimated miscellaneous expenses. Stanford 4: Stanford University Endowment funds last year: $18.69 billion Change from previous year: 9.7% Students last fall: 18,136 Undergraduate tuition: $58,912 for tuition, room and board for the 2014-15 academic year Must Read: Can These 22 New Restaurant Foods and Drinks Feed Investors Too? a Texas 3: University of Texas Endowment funds last year: $20.45 billion Change from previous year: 12% Students last fall: 52,059 for the main Austin campus Undergraduate tuition: $9,816 for residents, $34,860 for nonresidents, covering tuition only for the 2015-15 school year Yale 2: Yale University Endowment funds last year: $20.78 billion Change from previous year: 7.4% Students last fall: 12,109 Undergraduate tuition: $59,800 for tuition, room and board for the 2014-15 academic year Harvard 1: Harvard University Endowment funds last year: $32.33 billion Change from previous year: 6.2% Students last fall: 21,000 Undergraduate tuition: $58,607 for tuition, room and board for the 2014-15 school year Note: This article updates a 2012 article from Main Street, our sister site. Must Read: Starbucks Pumpkin Spice Frappuccino and 14 More Fatty Drinks It Makes ift.tt/1gB4pon
Posted on: Tue, 21 Oct 2014 10:38:04 +0000
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