This list of Canadian universities by endowment groups the
universities
A university () is an educational institution, institution of tertiary education and research which awards academic degrees in several Discipline (academia), academic disciplines. ''University'' is derived from the Latin phrase , which roughly ...
in
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
according to their
endowments. As of the end of the 2023/2024 fiscal year, the total value of endowments at Canadian universities was over $23 billion.
Some universities do not have endowments while the largest endowment for a single university - the
University of Toronto
The University of Toronto (UToronto or U of T) is a public university, public research university whose main campus is located on the grounds that surround Queen's Park (Toronto), Queen's Park in Toronto, Ontario, Canada. It was founded by ...
- is over $3 billion.
Mount Allison University
Mount Allison University (also Mount A or MtA) is a Canadian primarily undergraduate liberal arts university located in Sackville, New Brunswick, founded in 1839.
Mount Allison was the first university in the British Empire to award a baccal ...
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.
Endowments over C$1 billion
The following are the Canadian universities with financial endowments over $1 billion, expressed in
Canadian dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used f ...
s at
fair value
In accounting, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market c ...
. All sources are official audited financial statements published in the respective
fiscal year
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...
s. As a
collegiate university
A collegiate university is a university where functions are divided between a central administration and a number of constituent colleges. Historically, the first collegiate university was the University of Paris and its first college was the Coll ...
, the
University of Toronto
The University of Toronto (UToronto or U of T) is a public university, public research university whose main campus is located on the grounds that surround Queen's Park (Toronto), Queen's Park in Toronto, Ontario, Canada. It was founded by ...
reports its financial and endowment information exclusive of its colleges, which hold additional endowments of their own.
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 dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used f ...
s at
fair value
In accounting, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market c ...
. All sources are official audited financial statements published in the respective
fiscal year
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...
s.
Endowments less than C$250 million
The following are the Canadian universities with financial endowments less than $250 million, expressed in
Canadian dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used f ...
s at
fair value
In accounting, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market c ...
. All sources are official audited financial statements published in the respective
fiscal year
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...
s.
See also
*
Lists of institutions of higher education by endowment size
The following are lists of institutions of higher education by endowment size.
Africa
* List of South African universities by endowment
Americas
* List of Canadian universities by endowment
* List of colleges and universities in the United St ...
*
U15 Group of Canadian Research Universities
U15 Canada (U15 Group of Canadian Research Universities, ; commonly shortened to U15 Canada) is an association of 15 Canadian public research universities. It is headquartered in Ottawa and was established in 1991 to represent its members' interes ...
*
List of universities in Canada
Universities in Canada are established and operate under provincial and territorial government charters or are directed by First Nations bands or by federal legislation. Most public universities in the country are members of Universities Canad ...
References
{{DEFAULTSORT:Canadian universities by endowment
Education finance in Canada
Endowment
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...