| News

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pitt's $2.6 billion endowment in 2012 was 25th largest in the nation, survey finds

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

Friday, April 5, 2013, 12:48 p.m.

The University of Pittsburgh's $2.6 billion endowment for 2012 was the 25th largest in the nation after posting a change of 3.6 percent in its value, a new survey found.

Harvard's $30.4 billion endowment continued to rank at the top of the list even after its value declined 4.1 percent from 2011, according to the annual survey by the National Association of College and University Business Officers and the Common Fund.

Colleges typically tap a portion of the earnings from their endowments — which consist of gifts from individuals and businesses — each year. The money can be used to underwrite scholarships and operating costs or endow professorial chairs, depending on donor restrictions.

Penn State University's endowment ranked 36th in size with a 3.2 percent gain since 2011, while Carnegie Mellon's endowment fell to $987 million from $1 billion, leaving it in 72nd place.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Stories

  1. Pirates say goodbye to veteran leaders Burnett, Ramirez
  2. Steelers notebook: Starting DEs not leaving the field
  3. NFL notebook: Cardinals to stay in W.Va. ahead of Steelers game
  4. State woos Kennametal with $1M in incentives to stay in Pa.
  5. Opposing TEs Miller, Gates took differing paths to greatness
  6. Pitt, WR Boyd look to break out against Virginia
  7. After another slow start, Greensburg Central Catholic defeats Leechburg
  8. Gorman: WPIAL must answer with power move
  9. Cole working to become Penguins’ next Martin on defense
  10. Rock Steelers Style, other fashion events team up for a good cause
  11. Feds aim to bring Chinese military leaders to Pittsburgh for trial