List of universities in the United Kingdom by endowment

Last updated

The following is a list of British universities ordered by their financial endowments, expressed in pounds sterling at fair value.

Contents

British charity funds are made up of restricted reserves, which can only be used for specific purposes, and unrestricted reserves, which could be used for any activity within the charity's scope. [1] The statement of recommended practice (SORP) defines endowments as specific funds with both restrictions over the endowments' income and intention from the donors to establish such endowments. In addition, these reserves must either be held indefinitely and cannot be converted into income without permission (known as permanent endowment funds) or could be converted into income at trustees' discretion (known as expendable endowment). [2] Updated SORP guidance published in 2007 prohibits donations with no specific purpose by the donor (unrestricted) and "with no requirement for maintenance of the original capital" from being treated as endowment. [3] While restrictive funds are not considered endowments under the SORP's accounting guidance, institutions sometimes use the term "endowments" broadly to refer to the sum of all funds that generate income for the institution's operation and activities. [4] [5] [6] [7] Figures listed below account for funds defined by the SORP as endowment.

All sources are official audited financial statements published in the respective fiscal years. Note that changes to the Financial Reporting Standards (FRS 102) and the SORP in 2015 mean endowments as of 2016 are not directly comparable in all cases with those for previous years. [8]

Endowments over £1 billion

UniversityEndowment as of 2024 (£m)Endowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)
University of Oxford (inc colleges)
University of Cambridge (inc colleges)

Endowments from £250 million to £1 billion

UniversityEndowment as of 2024 (£m)Endowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)
University of Edinburgh
King's College London
London School of Economics

Endowments from £100 million to £250 million

UniversityEndowment as of 2024 (£m)Endowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)
University of Glasgow
University of Manchester
Imperial College London
University of Liverpool
University College London
University of Birmingham
University of St Andrews
University of Reading
Durham University (excl indep Colleges)

Endowments from £50 million to £100 million

UniversityEndowment as of 2024 (£m)Endowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)
Newcastle University
University of Bristol
University of Leeds
University of Nottingham
Royal Holloway, University of London
Queen's University Belfast
University of Aberdeen
School of Oriental and African Studies

Endowments from £25 million to £50 million

UniversityEndowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)Endowment as of 2014 (£m)
University of Exeter
University of Sheffield
Cardiff University
Queen Mary University of London
University of Strathclyde
University of Dundee
Aberystwyth University

Endowments from £10 million to £25 million

UniversityEndowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)Endowment as of 2014 (£m)
University of Leicester
Lancaster University
University of Sussex
Nottingham Trent University
Goldsmiths, University of London
Ulster University
University of Hull
University of East Anglia
Heriot-Watt University
Birmingham City University
University of Southampton
Birkbeck, University of London

Specialist Higher Education Institutions

UniversityEndowment as of 2023 (£m)Endowment as of 2022 (£m)Endowment as of 2021 (£m)Endowment as of 2020 (£m)Endowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)Endowment as of 2014 (£m)
London Business School
Royal Academy of Music
Royal College of Music
Courtauld Institute of Art
Royal College of Art
Liverpool School of Tropical Medicine
Royal Northern College of Music
London School of Hygiene & Tropical Medicine
Royal Veterinary College

Endowments per student greater than £10 thousand

InstitutionTotal enrolment (2020/21) [423] Endowment per capita
(2021, student population over 1000)
University of Cambridge (inc colleges)22,155£321,417
University of Oxford (inc colleges)27,150£270,015
London Business School 2,460£23,550
London School of Hygiene & Tropical Medicine 1,105£18,646
London School of Economics 13,455£17,900
University of Edinburgh 37,830£14,941
University of St Andrews 11,485£10,251

Endowments below £10 million

UniversityEndowment as of 2019 (£m)Endowment as of 2018 (£m)Endowment as of 2017 (£m)Endowment as of 2016 (£m)Endowment as of 2015 (£m)Endowment as of 2014 (£m)Endowment as of 2013 (£m)Endowment as of 2012 (£m)Endowment as of 2011 (£m)
University of York
University of Bath
University of Wales Trinity Saint David
University of Essex
Swansea University
University of Kent
City University, London
University of Warwick
University of Hertfordshire
University of Surrey

See also

Notes

  1. During the 2020–21 year, Reading applied for and was granted permission from the Charity Commission to close the Research Endowment Trust. As a result, all of the trust’s assets and liabilities were distributed to the University, the sole Trustee.
  2. The significant fall in the value of Surrey's endowment from 2015 to 2016 is due to the reclassification of the Surrey Research Park to restricted reserves. This was done following legal counsel.

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