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 2023/2024 fiscal year, the total value of endowments at Canadian universities was over $23 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 (2023/24)
billions CAD 		Endowment (2022/23)
billions CAD 		Endowment (2021/22)
billions CAD 		Endowment (2020/21)
billions CAD 		Endowment (2019/20)
billions CAD
University of Toronto [Notes 1] $3.616 [2] $3.267 [3] $3.167 [4] $3.150 [5] $2.510 [6]
University of British Columbia $2.336 [7] $2.123 [8] $2.104 [9] $2.008 [10] $1.799 [11]
McGill University $1.977 [12] $1.822 [13] $1.739 [14] $1.808 [15] $1.524 [16]
University of Alberta $1.815 [17] $1.728 [18] $1.639 [19] $1.456 [20] $1.284 [21]
Queen's University at Kingston $1.597 [22] $1.448 [23] $1.407 [24] $1.38 [25] $1.141 [26]
University of Calgary $1.316 [27] $1.176 [28] $1.162 [29] $1.120 [30] $0.916 [31]
University of Western Ontario $1.296 [32] $1.141 [33] $1.046 [34] $0.990 [35] $0.805 [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
InstitutionEndowment (2023/24)
millions CAD 		Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD 		Endowment (2019/20)
millions CAD
Carleton University $370.157 [37] $361.423 [38] $343.266 [39] $353.014 [40] $298.612 [41]
Dalhousie University $707.191 [42] $681.497 [43] $597.593 [44] $563.147 [45] $609.8 [46]
McMaster University $815.1 [47] $750.5 [48] $704.994 [49] $756.216 [50] $731.9 [51]
Simon Fraser University $520.4 [52] $485.471 [53] $470.610 [54] $392.917 [55] $380.756 [56]
Université de Montréal $428.951 [57] $403.054 [58] $390.317 [59] $328.635 [60]
University of Ottawa $350.738 [61] $333.880 [62] $321.301 [63] $338.769 [64] $295.437 [65]
University of Guelph $486.113 [66] $445.165 [67] $411.6 [68] $418.1 [69] $351.7 [70]
University of Manitoba $675.969 [71] $619.983 [72] $600.213 [73] $550.845 [74] $471.1 [75]
University of Victoria $455.457 [76] $436.144 [77] $418.237 [78] $392.775 [79] $375.802 [80]
University of Waterloo $524.827 [81] $492.010 [82] $464.677 [83] $441.922 [84] $402.806 [85]
Victoria University, Toronto $572.304 [86] $555.701 [87] $544.261 [88] $523.996 [89] $488.758 [90]
University of Saskatchewan $509.173 [91] $475.371 [92] $462.817 [93] $459.4 [94] $407.5 [95]
York University $607.792 [96] $566.712 [97] $533.567 [98] $579.189 [99] $479.418 [100]
University of New Brunswick $259.864 [101] $238.328 [102] $215.945 [103] $196.158 [104] $178.530 [105]

    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 (2023/24)
    millions CAD     		Endowment (2022/23)
    millions CAD     		Endowment (2021/22)
    millions CAD     		Endowment (2020/21)
    millions CAD     		Endowment (2019/20)
    millions CAD
    Brock University $130.145 [106] $122.332 [107] $119.025 [108] $123.810 [109] $103.896 [110]
    Laurentian University $49.614 [111] $47.510 [112] $60.961 [113] $61.482 [114] $52.845 [115]
    Laval University $224.497 [116] $199.944 [117] $34.679 [118] $37.407 [119] $34.761 [120]
    University of Lethbridge $104.301 [121] $94.892 [122] $94.499 [123] $81.121 [124] $66.761 [125]
    Memorial University of Newfoundland $177.960 [126] $158.794 [127] $156.119 [128] $145.9 [129] $118.569 [130]
    Nipissing University $12.859 [131] $12.702 [132] $12.326 [133] $12.133 [134] $12.031 [135]
    Toronto Metropolitan University $162.661 [136] $155.492 [137] $148.873 [138] $140.867 [139] $136.285 [140]
    Trent University $102.312 [141] $95.119 [142] $86.909 [143] $86.900 [144] $72.477 [145]
    University of Regina $64.115 [146] $126.4 [147] $138.3 [148] $121.1 [149] $116.4 [150]
    University of Windsor $151.903 [151] $139.776 [152] $140.486 [153] $142.414 [154] $117.209 [155]
    University of Prince Edward Island $66.049 [156] $60.134 [157] $54.133 [158] $50.115 [159] $45.883 [160]
    Lakehead University $58.650 [161] $68.626 [162] $64.417 [163] $63.404 [164] $58.965 [165]
    Wilfrid Laurier University $120.539 [166] $113.943 [167] $107.752 [168] $105.664 [169] $95.385 [170]
    Redeemer University College $6.608 [171] $6.201 [172] $6.220 [173] $4.853 [174] $4.664 [175]
    Trinity Western University $41.641 [176] $36.953 [177] $33.578 [178] $28.793 [179] $23.204 [180]
    University of King's College $37.601 [181] $35.348 [182] $35.613 [183] $32.423 [184] $27.377 [185]
    Saint Mary's University $54.511 [186] $53.266 [187] $58.300 [188] $53.737 [189] $41.4 [190]
    Acadia University $133.599 [191] $120.130 [192] $117.538 [193] $109.467 [194] $86.531 [195]
    Mount Saint Vincent University $39.410 [196] $36.537 [197] $36.221 [198] $35.983 [199] $29.464 [200]
    Saint Francis Xavier University $207.184 [201] $182.539 [202] $185.261 [203] $169.1 [204] $131.7 [205]
    Mount Allison University $235.698 [206] $220.585 [207] $215.1 [208] $218.039 [209] $215.1 [210]
    Mount Royal University $76.339 [211] $78.043 [212] $76.966 [213] $61.558 [214] $66.175 [215]
    Concordia University $158.623 [216] $142.530 [217] $139.068 [218] $144.992 [219] $116.571 [220]
    University of Northern British Columbia $73.119 [221] $71.871 [222] $69.464 [223] $67.655 [224]
    Algoma University $3.909 [225] $3.878 [226] $3.660 [227] $3.806 [228]

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