RALEIGH, N.C., April 22, 2014 /PRNewswire/ — Online higher education website NonProfitCollegesOnline.com has published a ranked list of the world's 50 wealthiest universities. Harvard University in Cambridge, MA, USA leads the list, with an estimated endowment of $32.344 billion. Yale University in New Haven, CT, USA and King Abdullah University of Science and Technology in Thuwal, Saudi Arabia came in second and third, with endowments estimated at $20.8 billion and $20 billion respectively.
The full, ordered list can be viewed at this weblink:
http://www.nonprofitcollegesonline.com/wealthiest-universities-in-the-world/
Other global universities on the list include (in alphabetical order):
Amherst College – Amherst, Massachusetts
Boston College – Chestnut Hill, Massachusetts
Brown University – Providence, Rhode Island
California Institute of Technology – Pasadena, California
Columbia University – New York City, New York
Cornell University – Ithaca, New York
Dartmouth College – Hanover, New Hampshire
Duke University – Durham, North Carolina
Emory University – Druid Hills, Georgia
Johns Hopkins University – Baltimore, Maryland
King Saud University – Riyadh, Saudi Arabia
Kyoto University – Kyoto, Japan
Massachusetts Institute of Technology – Cambridge, Massachusetts
Nanyang Technological University – Jurong, Singapore
New York University – New York City, New York
National University of Singapore – Kent Ridge, Singapore
Northwestern University – Evanston/Chicago, Illinois
Osaka University – Osaka, Japan
Pennsylvania State University (System Wide) – University Park, Pennsylvania
Pomona College – Claremont, California
Princeton University – Princeton, New Jersey
Purdue University System – Indiana
Rice University – Houston, Texas
Stanford University – Stanford, California
Texas A&M University System – Texas
The Ohio State University – Columbus, Ohio
The Rockefeller University – New York City, New York
University of Illinois System – Illinois
University of California System – California
University of Cambridge – Cambridge, U.K.
University of Chicago – Chicago, Illinois
University of Michigan – Ann Arbor, Michigan
University of Minnesota, Twin Cities – Minneapolis/Saint Paul, Minnesota
University of North Carolina at Chapel Hill – Chapel Hill, North Carolina
University of Notre Dame – Notre Dame, Indiana
University of Oxford – Oxford, U.K.
University of Pennsylvania – Philadelphia, Pennsylvania
University of Pittsburgh – Pittsburgh, Pennsylvania
University of Richmond – Richmond, Virginia
University of Southern California – Los Angeles, California
University of Texas System – Texas
University of Virginia – Charlottesville, Virginia
University of Washington – Seattle, Washington
University of Wisconsin-Madison – Madison, Wisconsin
Vanderbilt University – Nashville, Tennessee
Washington University in St. Louis – St. Louis, Missouri
Williams College – Williamstown, Massachusetts
The ranking is based on financial endowment, which is defined as the financial trust available to each college through cash or other assets such as property. Endowments are used to fund new facilities, the latest technologies, research projects, professorships, and of course, student scholarships. "Although money isn't everything, the size of a university's endowment is a measure of its wealth – and a deeper purse can bring benefits for would-be students," said NonProfitCollegesOnline.com's founder and lead editor, J. Alder. "This ranking was compiled to show people which universities have the most financial clout, and, in theory, the greatest ability to support the students that come their way."
In a higher education landscape increasingly influenced by for-profit corporate interests, NonProfitCollegesOnline.com explores the role of money in higher education and works to bring attention to colleges and universities that demonstrate a commitment to putting students before profits and education before the bottom line.
Contact:
J. Alder
Managing Editor
Email
(919) 745-8906