A colleges endowment is intended to support current and future generations of their scholars with the resources needed to advance knowledge, research, and innovation. As such, endowment funds are used for the school’s normal operations and activities, including education, research, campus renewal, faculty work, and student financial aid.
Here are the biggest endowments (as reported by each college – fiscal year ending on June 30, 2019):
- Harvard – $39.4 Billion
- Yale – $30.4 Billion
- Stanford – $27.6 Billion
- Princeton – $26.1 Billion
- M.I.T. – $17.5 Billion
- U Penn – $14.6 Billion
This data is from a 2019 National Association of College and University Business Officers (NACUBO) -TIAA Study of Endowments.
What does this mean for these colleges/universities and their survival through the COVID-19 college crisis? These universities are going nowhere! Additionally, they continue to maintain their prestige and brand!.
Princeton is offering a 10% discount on tuition for students studying remotely to account for changes in the college experience. However, the key here is that you first have to be accepted to Princeton.
As a result their endowment, the Ivies even in the midst of COVID -19 remain highly competitive.
“Admissions is a competitive sport! Why gamble with uncertainty?” – Dr. Paul Lowe
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Dr. Paul Reginald Lowe, founder and managing director of Pinnacle Educational Center Admissions Advisors Group, provides comprehensive counseling advice, exclusively for admissions to top private schools; Ivy League and highly-selective colleges/universities; BS/MD programs; graduate and medical schools and top visual and performing arts programs. The admissions affiliate: Ivy League Admissions Advisors specializes in admissions to Ivy League and highly selective colleges, Dr. Lowe also specializes in helping students who have been wait-listed, deferred or rejected gain admission into their top-choice schools: College Application Rejected. and student who wish to transfer to another college: College Transfer Admissions Advisors.