University of Texas and University of California systems Join Ranks of Highest Endowments

…alongside the Ivy League and peers in the fiscal year 2018. The 2018 Nacubo-TIAA Study of Endowments saw combined assets of $616.5 billion across 802 U.S. college and university endowments, with an average increase of 8.2 percent in FY 2018. This growth was lower than in previous years due to a decline in U.S. and international equity markets. Two-thirds of the colleges in the study reported a median 6.6 percent increase in endowment spending in FY 2018, typically to cover student scholarships and financial aid.