College endowments fell for a second year in a row, but Colorado College remains the most endowed school in the state, on a per-student basis.
A survey by the National Association of College and University Business Officers and Commonfund, Inc., a Connecticut nonprofit included endowment levels of 842 U.S. institutions with $306 billion in aggregate investment assets.
College and university endowment funds declined by an average of 18.7 percent during the 2009 fiscal year, which ended June 30 of last year.
Despite experiencing the largest percentage drop in value of any college endowment during the 2009 fiscal year, Harvard still leads all other colleges and universities by a wide margin. At the close of the fiscal year on June 30th, 2009, Harvard’s endowment amounted to $25.6 billion, down 29.8 percent from $36.5 billion a year earlier.
Yale, Stanford, Princeton and the University of Texas system rounded out the top five.
The University of Colorado Foundation, which ranked 98th in the country with assets of $593.3 million, down from $720.7 million during 2008, led all Colorado institutions of higher education.
Colorado College, 122nd overall with an endowment of $400 million (down from $492.4 million) has the second highest endowment of Colorado colleges and universities.
But if endowments are measured on a per-student basis, Colorado College, with approximately 2,000 undergraduates, is much more generously endowed than any other state institution, including the University of Colorado system, which has multiple campuses enrolling more than 64,000 undergraduate and graduate students.