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 2024/2025 fiscal year, the total value of endowments at Canadian universities was almost $26 billion.

Contents

Some universities do not have endowments while the largest endowment for a single university - the University of Toronto - is just under $4 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 (2024/25)
billions CAD 		Endowment (2023/24)
billions CAD 		Endowment (2022/23)
billions CAD 		Endowment (2021/22)
billions CAD 		Endowment (2020/21)
billions CAD
University of Toronto [Notes 1] $3.933 [2] $3.616 [3] $3.267 [4] $3.167 [5] $3.150 [6]
University of British Columbia $2.641 [7] $2.336 [8] $2.123 [9] $2.104 [10] $2.008 [11]
McGill University $2.136 [12] $1.977 [13] $1.822 [14] $1.739 [15] $1.808 [16]
University of Alberta $1.912 [17] $1.815 [18] $1.728 [19] $1.639 [20] $1.456 [21]
Queen's University at Kingston $1.717 [22] $1.597 [23] $1.448 [24] $1.407 [25] $1.38 [26]
University of Calgary $1.540 [27] $1.316 [28] $1.176 [29] $1.162 [30] $1.120 [31]
University of Western Ontario $1.426 [32] $1.296 [33] $1.141 [34] $1.046 [35] $0.990 [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 (2024/25)
millions CAD 		Endowment (2023/24)
millions CAD 		Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD
Carleton University $401.181 [37] $370.157 [38] $361.423 [39] $343.266 [40] $353.014 [41]
Dalhousie University $753.271 [42] $707.191 [43] $681.497 [44] $597.593 [45] $563.147 [46]
McMaster University $882.314 [47] $815.1 [48] $750.5 [49] $704.994 [50] $756.216 [51]
Simon Fraser University $557.498 [52] $520.4 [53] $485.471 [54] $470.610 [55] $392.917 [56]
Université de Montréal $530.672 [57] $469.157 [58] $428.951 [59] $403.054 [60] $390.317 [61]
University of Ottawa $361.952 [62] $350.738 [63] $333.880 [64] $321.301 [65] $338.769 [66]
University of Guelph $536.816 [67] $486.113 [68] $445.165 [69] $411.6 [70] $418.1 [71]
University of Manitoba $739.335 [72] $675.969 [73] $619.983 [74] $600.213 [75] $550.845 [76]
University of Victoria $470.829 [77] $455.457 [78] $436.144 [79] $418.237 [80] $392.775 [81]
University of Waterloo $565.462 [82] $524.827 [83] $492.010 [84] $464.677 [85] $441.922 [86]
Victoria University, Toronto $592.945 [87] $572.304 [88] $555.701 [89] $544.261 [90] $523.996 [91]
University of Saskatchewan $535.573 [92] $509.173 [93] $475.371 [94] $462.817 [95] $459.4 [96]
York University $661.612 [97] $607.792 [98] $566.712 [99] $533.567 [100] $579.189 [101]
University of New Brunswick $276.505 [102] $259.864 [103] $238.328 [104] $215.945 [105] $196.158 [106]

    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 (2024/25)
    millions CAD     		Endowment (2023/24)
    millions CAD     		Endowment (2022/23)
    millions CAD     		Endowment (2021/22)
    millions CAD     		Endowment (2020/21)
    millions CAD
    Brock University $132.011 [107] $130.145 [108] $122.332 [109] $119.025 [110] $123.810 [111]
    Laurentian University $52.527 [112] $49.614 [113] $47.510 [114] $60.961 [115] $61.482 [116]
    Laval University $237.424 [117] $224.497 [118] $199.944 [119] $34.679 [120] $37.407 [121]
    University of Lethbridge $109.910 [122] $104.301 [123] $94.892 [124] $94.499 [125] $81.121 [126]
    Memorial University of Newfoundland $197.468 [127] $177.960 [128] $158.794 [129] $156.119 [130] $145.9 [131]
    Nipissing University $14.968 [132] $12.859 [133] $12.702 [134] $12.326 [135] $12.133 [136]
    Toronto Metropolitan University $169.473 [137] $162.661 [138] $155.492 [139] $148.873 [140] $140.867 [141]
    Trent University $108.712 [142] $102.312 [143] $95.119 [144] $86.909 [145] $86.900 [146]
    University of Regina $71.299 [147] $64.115 [148] $126.4 [149] $138.3 [150] $121.1 [151]
    University of Windsor $165.228 [152] $151.903 [153] $139.776 [154] $140.486 [155] $142.414 [156]
    University of Prince Edward Island $69.065 [157] $66.049 [158] $60.134 [159] $54.133 [160] $50.115 [161]
    Lakehead University $62.393 [162] $58.650 [163] $68.626 [164] $64.417 [165] $63.404 [166]
    Wilfrid Laurier University $129.213 [167] $120.539 [168] $113.943 [169] $107.752 [170] $105.664 [171]
    Redeemer University College $7.206 [172] $6.608 [173] $6.201 [174] $6.220 [175] $4.853 [176]
    Trinity Western University $47.712 [177] $41.641 [178] $36.953 [179] $33.578 [180] $28.793 [181]
    University of King's College $43.971 [182] $37.601 [183] $35.348 [184] $35.613 [185] $32.423 [186]
    Saint Mary's University $61.110 [187] $54.511 [188] $53.266 [189] $58.300 [190] $53.737 [191]
    Acadia University $146.296 [192] $133.599 [193] $120.130 [194] $117.538 [195] $109.467 [196]
    Mount Saint Vincent University $44.674 [197] $39.410 [198] $36.537 [199] $36.221 [200] $35.983 [201]
    Saint Francis Xavier University $227.766 [202] $207.184 [203] $182.539 [204] $185.261 [205] $169.1 [206]
    Mount Allison University $244.737 [207] $235.698 [208] $220.585 [209] $215.1 [210] $218.039 [211]
    Mount Royal University $91.700 [212] $76.339 [213] $78.043 [214] $76.966 [215] $61.558 [216]
    Concordia University $172.167 [217] $158.623 [218] $142.530 [219] $139.068 [220] $144.992 [221]
    University of Northern British Columbia $75.591 [222] $73.119 [223] $71.871 [224] $69.464 [225]
    Algoma University $4.091 [226] $3.909 [227] $3.878 [228] $3.660 [229]
    Ontario College of Art and Design University $23.618 [230] $21.872 [231] $19.572 [232] $19.896 [233]

    See also

    References

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