Monday, 7 December 2009

Edinburgh More Wealthy Than Imperial, but University of Denver Beats them All

Endowment, transfer of money (from donations) to an institution usually stipulating principal must remain intact for a stipulated time period, to allow the donation to have more impact than if it were spent all at once. The only UK universities with significant endowments relative to the US are Oxford and Cambridge (£2bn), which would put them in about 15th place when ranked against US universities. Harvard has an endowment of $18bn, Yale $11bn, Princeton $8bn. Imperial College is not even in top 10 in UK. 3rd place (below Oxbridge) is Edinburgh with £160m.

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