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The history of the Stanford University endowment predates the university's founding. The endowment began in 1885 when Leland Stanford and his wife Jane conveyed approximately $20 million to the university. [4] Upon Leland's death, the federal government filed a claim against his estate for $15 million which threatened the university's financials.
Examples of these foundations include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Carver Charitable Trust. In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least ...
Endowment [needs update] Institution Country Endowment Endowment per student Year Ref. King Abdullah University of Science and Technology Saudi Arabia: 20 billion 2013 [1] Université Paris-Saclay France: 10.2 billion 2013 [2] National University of Singapore Singapore: 4.81 billion 138,800 2020 [3] King Saud University Saudi Arabia: 2.7 billion
Stanford University Reports FY 2012 Financial Results PALO ALTO, Calif.--(BUSINESS WIRE)-- Stanford University reported its financial results for fiscal year 2012 (FY2012), which ended Aug. 31, 2012.
Stanford University welcomed its first 555 students to their first classes on Oct. 1, 1891. Next to Harvard, no American institution of higher learning has had the same outsized impact on the.
Harvard also ranks first in the number of ultra-high net worth alumni with assets greater than $30 million. Harvard's total number of ultra-high net worth alumni is more than twice that of the next highest ranking institution, Stanford University. These figures have not been adjusted for the relative size of these institutions.
Private institutions with very large endowments, such as Harvard University, pay a 1.4% excise tax on net endowment investment income.
Lilly Endowment United States: Indianapolis: $15.1 billion 1937 [16] 12 Ford Foundation United States: New York City: $13.7 billion 1936 [17] 13 Silicon Valley Community Foundation United States: San Jose, California: $13.6 billion 2007 [18] 14 Garfield Weston Foundation United Kingdom: London: $13.2 billion £9.8 billion 1958 [19] 15