List of Canadian universities by endowment

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This list of Canadian universities by endowment groups the universities in Canada according to their endowments. As of the end of the 2022/2023 fiscal year, the total value of endowments at Canadian universities was over $21 billion.

Contents

Some universities do not have endowments while the largest endowment for a single university - the University of Toronto - is over $3 billion.

Mount Allison University has the largest endowment per student of non-federated Canadian universities and the second largest endowment per student of all Canadian universities after Victoria University federated with the University of Toronto, reaching over $107k per student as of December 31, 2021. Mount Allison has significantly larger endowments than the average Canadian and Atlantic Canadian primarily undergraduate university. [1]

Endowments over C$1 billion

The following are the Canadian universities with financial endowments over $1 billion, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years. As a collegiate university, the University of Toronto reports its financial and endowment information exclusive of its colleges, which hold additional endowments of their own.

Canadian universities by endowment
InstitutionEndowment (2022/23)
billions CAD 		Endowment (2021/22)
billions CAD 		Endowment (2020/21)
billions CAD 		Endowment (2019/20)
billions CAD 		Endowment (2018/19)
billions CAD
University of Toronto [Notes 1] $3.267 [2] $3.167 [3] $3.150 [4] $2.510 [5] $2.593 [6]
University of British Columbia $2.123 [7] $2.104 [8] $2.008 [9] $1.799 [10] $1.720 [11]
McGill University $1.822 [12] $1.739 [13] $1.808 [14] $1.524 [15] $1.679 [16]
University of Alberta $1.728 [17] $1.639 [18] $1.456 [19] $1.284 [20] $1.432 [21]
Queen's University at Kingston $1.448 [22] $1.407 [23] $1.38 [24] $1.141 [25] $1.152 [26]
University of Calgary $1.176 [27] $1.162 [28] $1.120 [29] $0.916 [30] $0.991 [31]
University of Western Ontario $1.141 [32] $1.046 [33] $0.990 [34] $0.805 [35] $0.804 [36]
  1. ↑ Endowments for the University of Toronto's constituent colleges not included in figures.

Endowments C$250 million to C$1 billion

The following are the Canadian universities with the financial endowments between $250 million and $1 billion, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years.

Canadian universities by endowment
Institution


Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD 		Endowment (2019/20)
millions CAD 		Endowment (2018/19)
millions CAD
Carleton University $361.423 [37] $343.266 [38] $353.014 [39] $298.612 [40] $265.410 [41]
Dalhousie University $681.497 [42] $597.593 [43] $563.147 [44] $609.8 [45] $649.7 [46]
McMaster University $750.508 [47] $704.994 [48] $756.216 [49] $731.9 [50] $757.7 [51]
Simon Fraser University $485.471 [52] $470.610 [53] $392.917 [54] $380.756 [55] $360.153 [56]
Université de Montréal $428.951 [57] $403.054 [58] $390.317 [59] $328.635 [60] $365.140 [61]
University of Ottawa $333.880 [62] $321.301 [63] $338.769 [64] $295.437 [65] $293.997 [66]
University of Guelph $445.165 [67] $411.6 [68] $418.1 [69] $351.7 [70] $382.7 [71]
University of Manitoba $619.983 [72] $600.213 [73] $550.845 [74] $471.1 [75] $507.001 [76]
University of Victoria $436.144 [77] $418.237 [78] $392.775 [79] $375.802 [80] $342.896 [81]
University of Waterloo $492.010 [82] $464.677 [83] $441.922 [84] $402.806 [85] $390.773 [86]
Victoria University, Toronto $555.701 [87] $544.261 [88] $523.996 [89] $488.758 [90] $506.779 [91]
University of Saskatchewan $475.371 [92] $462.817 [93] $459.4 [94] $407.5 [95] $401.2 [96]
York University $566.712 [97] $533.567 [98] $579.189 [99] $479.418 [100] $496.040 [101]

    Endowments less than C$250 million

    The following are the Canadian universities with financial endowments less than $250 million, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years.

    Canadian universities by endowment
    InstitutionEndowment (2022/23)
    millions CAD     		Endowment (2021/22)
    millions CAD     		Endowment (2020/21)
    millions CAD     		Endowment (2019/20)
    millions CAD     		Endowment (2018/19)
    millions CAD
    Brock University $122.332 [102] $119.025 [103] $123.810 [104] $103.896 [105] $107.026 [106]
    Laurentian University $47.510 [107] $60.961 [108] $61.482 [109] $52.845 [110] $51.809 [111]
    Laval University $34.329 [112] $34.679 [113] $37.407 [114] $34.761 [115] $36.619 [116]
    University of Lethbridge $94.892 [117] $94.499 [118] $81.121 [119] $66.761 [120] $72.953 [121]
    Memorial University of Newfoundland $158.794 [122] $156.119 [123] $145.9 [124] $118.569 [125] $119.596 [126]
    Nipissing University $12.702 [127] $12.326 [128] $12.133 [129] $12.031 [130] $11.905 [131]
    Toronto Metropolitan University $155.492 [132] $148.873 [133] $140.867 [134] $136.285 [135] $135.619 [136]
    Trent University $95.119 [137] $86.909 [138] $86.900 [139] $72.477 [140] $72.614 [141]
    University of New Brunswick $238.328 [142] $215.945 [143] $196.158 [144] $178.530 [145] $188.559 [146]
    University of Regina $126.4 [147] $138.3 [148] $121.1 [149] $116.4 [150] $99.3 [151]
    University of Windsor $139.776 [152] $140.486 [153] $142.414 [154] $117.209 [155] $118.734 [156]
    University of Prince Edward Island $60.134 [157] $54.133 [158] $50.115 [159] $45.883 [160] $40.571 [161]
    Lakehead University $68.626 [162] $64.417 [163] $63.404 [164] $58.965 [165] $58.858 [166]
    Wilfrid Laurier University $113.943 [167] $107.752 [168] $105.664 [169] $95.385 [170] $96.067 [171]
    Redeemer University College $6.201 [172] $6.220 [173] $4.853 [174] $4.664 [175] $4.363 [176]
    Trinity Western University $36.953 [177] $33.578 [178] $28.793 [179] $23.204 [180] $22.357 [181]
    University of King's College $35.348 [182] $35.613 [183] $32.423 [184] $27.377 [185] $30.123 [186]
    Saint Mary's University $53.266 [187] $58.300 [188] $53.737 [189] $41.4 [190] $41.2 [191]
    Acadia University $120.130 [192] $117.538 [193] $109.467 [194] $86.531 [195] $90.656 [196]
    Mount Saint Vincent University $36.537 [197] $36.221 [198] $35.983 [199] $29.464 [200] $42.318 [201]
    Saint Francis Xavier University $182.539 [202] $185.261 [203] $169.1 [204] $131.7 [205] $146.6 [206]
    Mount Allison University $220.585 [207] $215.1 [208] $218.039 [209] $215.1 [210] $175.722 [211]
    Mount Royal University $78.043 [212] $76.966 [213] $61.558 [214] $66.175 [215] $64.848 [216]
    Concordia University $142.530 [217] $139.068 [218] $144.992 [219] $116.571 [220] $121.482 [221]
    University of Northern British Columbia $71.871 [222] $69.464 [223] $67.655 [224]
    Algoma University $3.878 [225] $3.660 [226] $3.806 [227]

    See also

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