Quote from: Ron Boerger on December 12, 2025, 08:57:16 AMPlaying with this year's NACUBO numbers - there's a lot of emphasis on total endowment sizes, but equally (and possibly more) important are the amount of endowment resources available per student. Here are the (edit: private) D3 schools in the top 100 of that metric, along with their overall endowment rank:
College Endmt $/FTE Rank Tot $ Rank Massachusetts Institute of Technology $2,086,500 6 6 Pomona College $1,810,914 9 49 Williams College $1,708,205 10 40 Swarthmore College $1,593,734 13 55 Grinnell College, Trustees of $1,526,198 14 57 Bowdoin College $1,397,968 17 59 Wellesley College $1,272,249 18 48 Dartmouth College $1,234,823 19 22 The Principia Corporation $1,141,078 20 153 Berea College $1,108,849 21 93 Washington & Lee University $900,099 26 78 Claremont McKenna College $898,167 27 125 Smith College $887,854 29 60 Washington University $797,649 31 15 Emory University $728,129 33 17 Bryn Mawr College $712,791 35 124 Trinity University $703,144 37 86 Hamilton College $665,838 42 113 Earlham College $655,430 43 254 Carleton College $621,782 44 122 The Johns Hopkins University $593,965 46 14 The University of Chicago $590,518 47 21 Berry College $588,315 48 111 Colby College, the President and Trustees of $508,396 51 131 Wabash College $503,501 52 246 Whitman College $502,543 53 178 Wesleyan University $501,681 54 98 Haverford College $497,188 56 191 Middlebury College $494,120 58 94 The Colorado College $491,168 60 151 Scripps College $458,977 63 219 Oberlin College $426,760 66 120 Denison University $416,880 67 143 Macalester College $416,127 68 161 Hollins University $410,040 69 299 Washington College $377,324 73 272 Trinity College $373,311 75 167 Kenyon College $356,836 76 203 Occidental College $336,054 81 198 Lawrence University $318,312 82 230 Centre College of Kentucky $296,733 87 257 The University of the South $295,475 88 220 Dickinson College $286,945 89 202 Hampden-Sydney College $280,815 91 334 University of Rochester $276,966 92 50 Union College $273,260 93 211 Southwestern University $264,666 96 255 St. Olaf College $261,722 97 177 Carnegie Mellon University+ $256,224 98 36 Bates College $254,880 99 237 Brandeis University $252,376 100 121
Using a somewhat aggressive 5% drawdown, the endowment of the last school on this list, Brandeis, could be expected to provide a little over $12,600 per student towards operational expenses. For Colby, 51st overall, that number would be a little over $25,400 per student. Berea (21st), which provides free tuition to its students? Over $55K each. For the majority of schools not fortunate enough to fall on this list, operating funds must come from other sources such as tuition, federal/state grants, annual fundraising, and other resources or income sources which aren't carried on the books as endowment.
Two other things to note: First, NACUBO doesn't care about athletics and doesn't classify schools by division, so there are likely a few schools I didn't recognize as D3 that could be on this list. Second, not all schools participate in the survey so again there could be schools that should be here that aren't.
These numbers reflect FY24 endowments and enrollments. The next survey, reflecting this year's values, will be released in February 2026.
Amherst should be near the top---did you mistakenly remove them?