The following is a list of British universities ordered by their financial endowments, expressed in pounds sterling at fair value.
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]
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
University of Oxford (inc colleges) | 8,065.7 [11] | 8,120.1 [14] | 7,745.5 [17] | 6,327.2 [20] | 6,349.4 [21] | 6,056.9 [24] | 5,592.2 [27] | 5,068.9 [30] | 4,702.1 [33] | 4,245.9 [36] |
University of Cambridge (inc colleges) | 7,801.9 [39] | n/a | 6,072.5 [42] | 5,043.9 [45] | n/a | n/a | n/a | n/a |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
University of Edinburgh | 559.8 [46] | 541.0 [47] | 565.2 [48] | 487.7 [49] | 459.9 [50] | 424.1 [51] | 392.1 [52] | 342.8 [53] | 317.2 [54] | 297.9 [55] |
King's College London | 301.0 [56] | 291.1 [57] | 300.6 [58] | 252.2 [59] | 258.1 [60] | 233.5 [61] | 213.5 [62] | 194.1 [63] | 179.4 [64] | 162.6 [65] |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
University of Glasgow | 234.3 [66] | 225.8 [67] | 225.2 [68] | 177.2 [69] | 201.9 [70] | 200.6 [71] | 188.4 [72] | 170.9 [73] | 164.3 [74] | 157.8 [75] |
London School of Economics | 229.3 [76] | 229.4 [77] | 240.8 [78] | 198.4 [79] | 155.0 [80] | 141.6 [81] | 132.7 [82] | 119.2 [83] | 112.9 [84] | 97.2 [85] |
University of Manchester | 221.6 [86] | 223.5 [87] | 242.2 [88] | 220.5 [89] | 238.4 [90] | 235.1 [91] | 222.2 [92] | 196.8 [93] | 188.9 [94] | 174.3 [95] |
Imperial College London | 220.1 [96] | 219.6 [97] | 202.1 [98] | 176.0 [99] | 178.1 [100] | 157.1 [101] | 141.7 [102] | 126.2 [103] | 113.6 [104] | 98.0 [105] |
University of Liverpool | 182.7 [106] | 184.4 [107] | 190.2 [108] | 168.3 [109] | 171.7 [110] | 167.1 [111] | 166.5 [112] | 155.8 [113] | 147.9 [114] | 141.7 [115] |
University College London | 156.8 [116] | 158.8 [117] | 163.3 [118] | 143.2 [119] | 138.7 [120] | 118.0 [121] | 111.4 [122] | 101.0 [123] | 103.6 [124] | 90.5 [125] |
University of Birmingham | 142.5 [126] | 138.0 [127] | 134.5 [128] | 116.7 [129] | 121.6 [130] | 120.3 [131] | 112.6 [132] | 103.8 [133] | 97.0 [134] | 90.1 [135] |
University of St Andrews | 114.9 [136] | 113.1 [137] | 117.7 [138] | 95.6 [139] | 89.9 [140] | 77.8 [141] | 69.4 [142] | 58.6 [143] | 56.8 [144] | 50.1 [145] |
University of Reading | 101.9 [146] | 102.8 [147] | 107.4 [147] | 250.7 [147] [note 1] | 17.5 [148] | 14.7 [148] | 14.0 [149] | 14.8 [150] | 13.9 [151] | 12.6 [152] |
Durham University (excl indep Colleges) | 101.7 [153] | 99.4 [154] | 98.2 [155] | 86.4 [156] | 81.9 [157] | 74.0 [158] | 72.0 [159] | 67.6 [160] | 71.1 [161] | 67.4 [162] |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
Newcastle University | 87.1 [163] | 87.6 [164] | 101.8 [165] | 87.2 [166] | 85.1 [167] | 80.6 [168] | 75.2 [169] | 63.4 [170] | 62.0 [171] | 57.6 [172] |
University of Bristol | 86.1 [173] | 91.6 [174] | 91.3 [175] | 78.7 [176] | 77.2 [177] | 72.2 [178] | 70.2 [179] | 62.6 [180] | 61.2 [181] | 55.3 [182] |
University of Leeds | 83.2 [183] | 87.4 [184] | 90.5 [185] | 82.1 [186] | 82.3 [187] | 77.2 [188] | 72.7 [189] | 67.7 [190] | 66.7 [191] | 65.7 [191] |
Royal Holloway, University of London | 81.6 [192] | 86.1 [193] | 87.7 [194] | 78.8 [195] | 81.2 [196] | 80.4 [197] | 79.6 [198] | 75.3 [199] | 75.8 [200] | 73.6 [200] |
University of Nottingham | 72.5 [201] | 72.2 [202] | 72.3 [203] | 62.3 [204] | 63.0 [205] | 58.5 [206] | 55.1 [207] | 49.9 [208] | 43.8 [209] | 40.2 [209] |
Queen's University Belfast | 65.6 [210] | 69.0 [211] | 69.7 [212] | 63.8 [213] | 67.1 [214] | 67.1 [215] | 65.4 [216] | 56.6 [217] | 53.4 [218] | 52.0 [218] |
University of Aberdeen | 58.6 [219] | 58.1 [220] | 58.4 [221] | 51.9 [222] | 52.0 [223] | 49.7 [224] | 46.9 [225] | 41.3 [226] | 38.0 [227] | 35.0 [227] |
School of Oriental and African Studies | 53.9 [228] | 54.8 [229] | 56.2 [230] | 49.3 [231] | 51.2 [232] | 47.0 [233] | 42.2 [234] | 39.0 [235] | 35.4 [236] | 31.7 [236] |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
University of Exeter | 48.6 [237] | 48.7 [238] | 49.5 [239] | 41.5 [239] | 40.7 [240] | 38.2 [241] | 37.2 [242] | 32.5 [243] | 33.2 [244] | 30.3 [245] |
University of Sheffield | 47.1 [246] | 46.5 [247] | 46.7 [248] | 45.5 [249] | 46.0 [250] | 43.8 [251] | 42.2 [252] | 39.7 [253] | 39.0 [254] | 37.8 [254] |
Cardiff University | 46.2 [255] | 45.6 [256] | 45.5 [257] | 38.9 [258] | 38.2 [259] | 34.5 [260] | 33.1 [261] | 30.3 [262] | 28.7 [263] | 27.5 [264] |
Queen Mary University of London | 43.7 [265] | 43.4 [266] | 41.3 [267] | 37.3 [268] | 33.4 [269] | 34.1 [270] | 34.3 [271] | 34.7 [272] | 35.1 [273] | 32.8 [273] |
University of Strathclyde | 42.2 [274] | 41.7 [275] | 42.1 [276] | 36.3 [276] | 37.8 [277] | 35.1 [278] | 33.1 [279] | 30.9 [280] | 28.9 [281] | 27.0 [281] |
University of Dundee | 34.4 [282] | 33.9 [283] | 35.0 [284] | 30.2 [284] | 31.3 [285] | 29.6 [286] | 28.3 [287] | 25.8 [288] | 25.0 [289] | 24.0 [289] |
Aberystwyth University | 33.5 [290] | 30.3 [291] | 30.9 [292] | 35.6 [292] | 36.6 [293] | 43.3 [294] | 57.7 [295] | 48.4 [296] | 44.7 [297] | 43.0 [298] |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
University of Leicester | 23.6 [299] | 24.3 [300] | 24.5 [300] | 20.0 [300] | 21.0 [301] | 20.6 [301] | 17.7 [302] | 14.0 [303] | 13.1 [304] | 12.2 [304] |
Lancaster University | 18.4 [305] | 15.0 [306] | 14.8 [306] | 14.3 [306] | 13.9 [307] | 6.0 [307] | 5.9 [308] | 5.6 [309] | 5.4 [310] | 5.5 [311] |
University of Sussex | 16.4 [312] | 15.3 [313] | 17.9 [313] | 14.4 [313] | 13.6 [314] | 11.6 [314] | 11.0 [315] | 10.1 [316] | 9.4 [317] | 9.1 [317] |
Nottingham Trent University | 15.6 [318] | 4.7 [318] | 4.8 [319] | 5.0 [319] | 5.2 [320] | 5.6 [320] | 6.3 [321] | 6.9 [322] | 7.4 [323] | 8.0 [323] |
Goldsmiths, University of London | 15.0 [324] | 15.1 [324] | 15.3 [325] | 14.9 [325] | 15.0 [325] | 3.3 [326] | 3.3 [327] | 3.1 [328] | 2.9 [329] | 2.7 [329] |
Ulster University | 15.0 [330] | 15.4 [331] | 16.1 [331] | 13.9 [331] | 15.1 [332] | 14.4 [332] | 9.0 [333] | 7.4 [334] | 7.0 [335] | 6.5 [336] |
University of Hull | 14.9 [337] | 15.2 [338] | 15.8 [338] | 14.6 [338] | 15.2 [339] | 14.6 [339] | 14.4 [340] | 18.8 [341] | 12.7 [342] | 12.5 [342] |
University of East Anglia | 13.7 [343] | 13.2 [344] | 12.9 [344] | 10.5 [344] | 9.0 [345] | 8.2 [345] | 7.7 [346] | 7.3 [347] | 7.3 [348] | 7.6 [348] |
Heriot-Watt University | 12.2 [349] | 12.4 [350] | 12.0 [351] | 10.5 [351] | 10.5 [351] | 8.9 [352] | 8.3 [353] | 9.5 [354] | 8.5 [355] | |
Birmingham City University | 12.2 [356] | 11.9 [357] | 11.8 [357] | 10.2 [357] | 8.1 [358] | 6.6 [358] | 6.2 [359] | 5.7 [360] | 5.3 [361] | 4.9 [359] |
University of Southampton | 11.9 [362] | 12.8 [363] | 14.9 [363] | 12.9 [363] | 13.0 [364] | 13.1 [364] | 12.9 [365] | 12.5 [366] | 12.5 [367] | 12.1 [367] |
Birkbeck, University of London | 10.2 [368] | 10.0 [368] | 9.0 [368] | 8.4 [369] | 8.2 [369] | 7.4 [370] | 6.4 [371] | 5.6 [372] | 4.3 [372] | |
University | 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) | Endowment as of 2014 (£m) |
---|---|---|---|---|---|---|---|---|---|---|
London Business School | 62.4 [373] | 60.3 [374] | 57.9 [375] | 59.5 [375] | 56.5 [376] | 53.3 [376] | 51.9 [377] | 47.7 [378] | 46.1 [379] | 36.8 [379] |
Royal Academy of Music | 58.3 [380] | 53.0 [381] | 48.8 [382] | 36.4 [382] | 38.1 [383] | 39.5 [383] | 36.5 [384] | 33.8 [385] | 31.6 [385] | 30.2 [385] |
Royal College of Music | 44.3 [386] | 44.6 [387] | 49.3 [388] | 42.4 [388] | 45.6 [389] | 42.8 [389] | 37.8 [390] | 36.5 [390] | 32.4 [391] | 29.9 [391] |
Courtauld Institute of Art | 38.7 [392] | 36.0 [393] | 35.7 [394] | 44.4 [394] | 44.9 [395] | 39.7 [395] | 37.6 [396] | 34.4 [397] | 29.1 [397] | 25.4 [397] |
Royal College of Art | 34.0 [398] | 28.5 [399] | 26.7 [400] | 22.3 [400] | 21.3 [401] | 20.3 [401] | 20.1 [402] | 19.5 [402] | 17.9 [403] | 15.9 [402] |
Liverpool School of Tropical Medicine | 25.6 [404] | 19.1 [405] | 27.6 [406] | 24.9 [406] | 17.5 [407] | 17.0 [407] | 16.3 [408] | 14.9 [408] | 13.4 [409] | 12.9 [409] |
Royal Northern College of Music | 20.3 [410] | 21.1 [411] | 21.7 [412] | 18.6 [412] | 18.9 [413] | 17.5 [413] | 21.2 [414] | 19.3 [414] | 18.4 [415] | 18.2 [415] |
London School of Hygiene & Tropical Medicine | 18.1 [416] | 18.5 [417] | 20.6 [418] | 17.5 [418] | 16.1 [419] | 14.3 [419] | 13.3 [420] | 11.4 [421] | 11.4 [421] | 11.3 [421] |
Royal Veterinary College | 10.7 [422] | 10.7 [423] | 10.5 [424] | 8.7 [424] | 9.1 [425] | 9.2 [425] | 9.8 [426] | 9.8 [427] | 10.1 [428] | 9.7 [428] |
Institution | Total enrolment (2020/21) [429] | 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 |
University | 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) | Endowment as of 2013 (£m) | Endowment as of 2012 (£m) | Endowment as of 2011 (£m) |
---|---|---|---|---|---|---|---|---|---|
University of York | 7.1 [430] | 6.9 [430] | 7.7 [431] | 7.1 [432] | 10.3 [433] | 8.4 [433] | 7.8 [434] | 7.2 [434] | 10.6 [435] |
University of Bath | 7.1 [436] | 6.9 [436] | 6.0 [437] | 5.2 [438] | 5.1 [439] | 4.8 [440] | 4.6 [441] | 4.4 [441] | 4.4 [442] |
University of Wales Trinity Saint David | 6.8 [443] | 9.2 [444] | 8.8 [445] | 8.8 [445] | 8.4 [446] | ||||
University of Essex | 6.9 [447] | 6.4 [447] | 6.5 [448] | 5.8 [449] | 6.9 [450] | 6.2 [450] | 6.0 [451] | 5.2 [451] | 5.1 [452] |
Swansea University | 6.7 [453] | 6.4 [453] | 6.1 [454] | 5.8 [455] | 5.7 [456] | 8.6 [456] | 8.6 [457] | 8.3 [458] | |
University of Kent | 5.5 [459] | 5.2 [460] | 5.9 [461] | 5.9 [462] | 6.3 [463] | 6.0 [464] | 10.1 [465] | ||
City University, London | 5.7 [466] | 5.5 [466] | 5.2 [467] | 5.1 [468] | 12.6 [469] | 11.7 [469] | 8.9 [470] | 7.9 [470] | |
University of Warwick | 4.8 [471] | 4.3 [472] | 3.9 [473] | 3.6 [473] | 3.2 [474] | 2.8 [475] | 2.2 [475] | ||
University of Hertfordshire | 2.8 [476] | 2.7 [476] | 3.0 [477] | 2.8 [478] | 2.62 [479] | 2.30 [480] | 2.53 [481] | ||
University of Surrey | 2.6 [482] | 2.7 [483] [note 2] | 69.5 [484] | 55.4 [485] | 44.2 [486] | 42.2 [487] | 48.7 |
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