Boarding Schools with the Largest Endowments (2026-27 Rankings)

National Average School Endowment (Trends)

Showing 2016–2025. Full 12-year historical data available below ↓

Total Growth: +22.9% (+$15.6 million since 2016)

Year	National avg	YoY Change ($)	YoY Change (%)
2025	$83.8 million	▲ +$1.1 million	▲ +1.3%
2024	$82.7 million	▲ +$5.3 million	▲ +6.8%
2023	$77.4 million	▲ +$4 million	▲ +5.4%
2022	$73.4 million	▲ +$0.6 million	▲ +0.8%
2021	$72.8 million	▲ +$5.7 million	▲ +8.5%
2020	$67.1 million	▼ -$0.1 million	▼ -0.1%
2019	$67.2 million	▼ -$4.6 million	▼ -6.4%
2018	$71.8 million	▲ +$1.1 million	▲ +1.6%
2017	$70.7 million	▲ +$2.5 million	▲ +3.7%
2016	$68.2 million	▲ +$0.8 million	▲ +1.2%
2015	$67.4 million	▲ +$3.4 million	▲ +5.3%
2014	$64 million	—	—

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Show school map — National (Endowment range: $1M–$1,470M, avg $86M)

Endowment Range: $1M $1,470M Avg. Endowment: $86M

Frequently Asked Questions

Which boarding schools have the largest endowments?

The boarding schools with the largest endowments are Phillips Academy Andover, Deerfield Academy and Lawrenceville School.

How many boarding schools are ranked for the largest endowments?

180 boarding schools are ranked for the largest endowments.

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Did You Know?

Boarding schools that have larger students bodies or older histories are more likely to have larger endowments than other schools (since they have had more alumni over the years to donate funds).

Schools with lower endowments still often have excellent facilities and resources for students, but simply have not yet had the time or alumni base to build up endowments equivalent to older, larger schools.

Endowment per student is another metric for comparing endowments between schools of different size.

Smaller schools can often have a larger endowment per student figure than larger schools.