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[quote=Anonymous][quote=Anonymous]An objective indicator of elite status is a school's total endowment. The recently released (Feb., 2023) endowment figures show a decline from last year. The top 10 schools by total endowment are: 1) Harvard 2) Yale 3) Stanford 4) Princeton 5) MIT 6) U Penn 7) U Michigan 8) Notre Dame 9) Northwestern 10) Columbia The next seven are: 11) WashUStL 12) Duke 13) Vanderbilt 14) Emory 15) U Virginia 16) Cornell 17) Johns Hopkins [/quote] Can you provide a link to this list? As of September of 2022. The University of Texas was on track to overtake Harvard for the largest endowment. How could UT fall out of the top ten in less than a year? According to the American Council on Education, an endowment is “an aggregation of assets invested by a college or university to support its educational and research mission in perpetuity.” Land operated by the University of Texas System yields an endowment asset of approximately $6 million per day. According to Bloomberg News, the university’s endowment is poised to surpass Harvard, which would render UT the wealthiest university in the world (it is currently in second place).[/quote]
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