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04 Jan 2007, 23:56
Kudos
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I have come across a few comments on institutional endowments and figured it might be worthwhile to provide more coverage of this topic.
It probably comes as little surprise that the rank of the business program and the total size of the university endowment are related.
Of the 25 largest endowments, 23 are associated with at least one AACSB business school (Princeton and Johns Hopkins are the hold outs).
The parent university of all of the ultra elite MBA programs are represented in the top 25 endowments.
The parent university of eight elite cluster programs are present (the University of California is counted as a single endowment in NACUBO). NYU is the only elite cluster school that is not among the top 25.
Of the trans elites, Texas, Emory, and USC are present. The University of Texas endowment is one of the five largest in the US. UNC's endowment is in the top 50 of endowments.
Three Near Elites are present in the top 25 endowments: Washington University, Notre Dame, and Vanderbilt. Rochester, Purdue, and the Indiana University system are present in the top 50 endowments.
Three NEF schools are also present: the Texas A&M system, Rice, and University of Minnesota system.
Notes:
1. Per capita figures for endowments are worth exploring as well.
2. Gifts to universities are complicated- often funds can only be used for specific purposes. Thus, it might not be accurate to assume that the same proportion of funds is available to the business school at each university.
3. When assessing the funds available to a public institution, it is worth remembering that they (theoretically) have access to the taxing power of the state. Of course, in recent years funding to public institutions has been diminishing.
4. The top 25 endowments include all of the Ivy League (except Brown), all of the Tycoon U (except Carnegie Mellon), and all of the Public Elite. The Little Ivies have relatively small absolute endowments, but they are very large on a per capita basis.
It probably comes as little surprise that the rank of the business program and the total size of the university endowment are related.
Of the 25 largest endowments, 23 are associated with at least one AACSB business school (Princeton and Johns Hopkins are the hold outs).
The parent university of all of the ultra elite MBA programs are represented in the top 25 endowments.
The parent university of eight elite cluster programs are present (the University of California is counted as a single endowment in NACUBO). NYU is the only elite cluster school that is not among the top 25.
Of the trans elites, Texas, Emory, and USC are present. The University of Texas endowment is one of the five largest in the US. UNC's endowment is in the top 50 of endowments.
Three Near Elites are present in the top 25 endowments: Washington University, Notre Dame, and Vanderbilt. Rochester, Purdue, and the Indiana University system are present in the top 50 endowments.
Three NEF schools are also present: the Texas A&M system, Rice, and University of Minnesota system.
Notes:
1. Per capita figures for endowments are worth exploring as well.
2. Gifts to universities are complicated- often funds can only be used for specific purposes. Thus, it might not be accurate to assume that the same proportion of funds is available to the business school at each university.
3. When assessing the funds available to a public institution, it is worth remembering that they (theoretically) have access to the taxing power of the state. Of course, in recent years funding to public institutions has been diminishing.
4. The top 25 endowments include all of the Ivy League (except Brown), all of the Tycoon U (except Carnegie Mellon), and all of the Public Elite. The Little Ivies have relatively small absolute endowments, but they are very large on a per capita basis.
