Military 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: $10M–$55M, avg $30M)

Endowment Range: $10M $55M Avg. Endowment: $30M

Largest Endowments (2026-27)

Among Military Schools (out of 6 schools)

Sorted by range (alphabetically within range)

Missouri Military Academy Photo - Established in 1889, Missouri Military Academy has transformed young men into leaders who are well-educated, prepared gentlemen of character. Our long history and distinct traditions inspire a sense of pride and duty among the young men who seek to fulfill their potential at MMA.

#1Missouri Military Academy

Gr: 7-12, PG

All-boys (Non-denom. / Christian)

204 Grand Street

Mexico, MO 65265

(573) 581-1776

(7)

$55 MEndowment

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New Mexico Military Institute Photo - Cadets forge lifelong friendships at NMMI.

#2New Mexico Military Institute

Gr: 9-12, PG

101 West College Blvd

Roswell, NM 88201

(800) 421-5376

(7)

$45 MEndowment

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#3Riverside Military Academy

Gr: 6-12

All-boys

2001 Riverside Drive

Gainesville, GA 30501

(678) 696-2116

(5)

$40 MEndowment

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Fork Union Military Academy Photo - The cadets in parade formation. The first full dress parade of the year begins usually at the end of April and is on Sunday.

#4Fork Union Military Academy

Gr: 7-12, PG

All-boys (Baptist)

PO Box 278, 4744 James Madison Hwy

Fork Union, VA 23055

(434) 842-4205

(7)

$18 MEndowment

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Hargrave Military Academy Photo - Hargrave strives to develop well-rounded young men. Hargrave offers various opportunities for Cadets to be involved with music and the arts.

#5(T5–T6)Hargrave Military Academy

Gr: 7-12, PG

All-boys (Baptist)

200 Military Drive

Chatham, VA 24531

(800) 432-2480

(6)

$10 MEndowment

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#5(T5–T6)Randolph-Macon Academy

Gr: 8-12, PG

United Methodist

200 Academy Drive

Front Royal, VA 22630

(540) 636-5484

(4)

$10 MEndowment

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Frequently Asked Questions

Which military boarding schools have the largest endowments?

The military boarding schools with the largest endowments are Missouri Military Academy, New Mexico Military Institute and Riverside Military Academy.

How many military boarding schools are ranked for the largest endowments?

6 military 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.