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By mid-2024, Stanford's total assets under management, combining the $10.7 billion hospital and donor-advised funds, $29.9 billion merged pool, and $6.6 billion in real estate, reached approximately $47.2 billion, [45] making Stanford the second largest university by assets under management in the world. [citation needed]
Harvard University, with a $49.495 billion endowment as of FY2023, is the wealthiest university in the world. Many colleges and universities in the United States maintain a financial endowment consisting of assets that are invested in financial securities, real estate, and other instruments.
Stanford University: 14 8: University of California, Berkeley: 12 8: University of Mumbai: 12 10: London School of Economics and Political Science: 11 10 Moscow State University: 11 12 Dartmouth College: 10 12 University of Michigan: 10 12 University of Texas System: 10 15 Duke University: 9 15 New York University: 9 17 Columbia University: 8 ...
Stanford's endowment includes real estate and other investments valued at $36.5 billion as of August 2023, [126] and is one of the four largest academic endowments in the United States. [127] The endowment consists of $29.9 billion in a merged pool of assets and $6.6 billion of real estate near the main campus.
Knight-Hennessy Scholars was founded in 2016 with a $400 million pledge from Phil Knight, the co-founder of Nike and a Stanford alum. [1] Knight’s donation, which was one of the largest ever made to an American university at the time, was combined with $350 million in additional gifts from other Stanford alumni. [2]
By 1926, the Hoover War Library was the largest library in the world devoted to World War I, including 1.4 million items and too large to house in the Stanford University Library, so the university allocated $600,000 for the construction of the Hoover Tower, which was designed to be its permanent home independent of the Stanford Library system.
McCaffery was chairman of the board of Robertson Stephens, an investment banking firm. In 2000, he became president and CEO of the Stanford Management Company. [3] The Wall Street Journal reported in 2006 that under his tenure, Stanford's endowment grew from $8.5 billion in 2000 to $15 billion.
Engraving of Harvard College by Paul Revere, 1767. Harvard University's endowment was valued at $53.2 billion as of 2021. [1]A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. [2]