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List of universities in the United Kingdom by endowment

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The following is a list of British universities ordered by their financial endowments, expressed in pounds sterling at fair value.

British charity funds are made up of restricted reserves, which can only be used for specific purposes, and unrestricted reserves, which could be used for any activity within the charity's scope. The statement of recommended practice (SORP) defines endowments as specific funds with both restrictions over the endowments' income and intention from the donors to establish such endowments. In addition, these reserves must either be held indefinitely and cannot be converted into income without permission (known as permanent endowment funds) or could be converted into income at trustees' discretion (known as expendable endowment). Updated SORP guidance published in 2007 prohibits donations with no specific purpose by the donor (unrestricted) and "with no requirement for maintenance of the original capital" from being treated as endowment. While restrictive funds are not considered endowments under the SORP's accounting guidance, institutions sometimes use the term "endowments" broadly to refer to the sum of all funds that generate income for the institution's operation and activities. Figures listed below account for funds defined by the SORP as endowment.

All sources are official audited financial statements published in the respective fiscal years. Note that changes to the Financial Reporting Standards (FRS 102) and the SORP in 2015 mean endowments as of 2016 are not directly comparable in all cases with those for previous years.

Endowments over £1 billion

RankInstitutionEndowment (GBP billions, End of Financial Year)Change20252024202320222021202020192018201720161year5year10year
1University of Oxford8.7088.0668.1207.746{{refnColleges (group) £6,126.4M,{{cite weburl=http://d307gmaoxpdmsg.cloudfront.net/collegeaccounts2021/aggregated.pdftitle=Aggregated Statement of Financial Activities For the year ended 31 July 2021url=https://www.ox.ac.uk/sites/files/oxford/Oxford%20University%2C%20Financial%20Statements%202020-21.pdftitle=Financial Statements 2020/21publisher=University of Oxfordaccess-date=31 January 2023}}}}6.3276.3496.0575.5925.069
—Excluding Colleges1.9121.8331.6021.6221.5371.2211.1431.0900.9210.844
2University of Cambridge7.1347.8026.0735.044{{refnColleges £3,188.2M, University (Group) £1,855.7M{{cite weburl=https://www.cam.ac.uk/system/files/uoc_annual_report_2018.pdftitle=REPORTS AND FINANCIAL STATEMENT 2018publisher=University of Cambridgeaccess-date=11 June 2019}}}}
—Excluding Colleges2.3872.2592.1192.1232.0311.6481.6741.5621.4491.269

Endowments from £100 million to £1 billion

RankInstitutionEndowment (GBP millions, End of Financial Year)Change20252024202320222021202020192018201720161year5year10year
3University of Edinburgh604.8580.4559.8541.0565.2487.7459.9424.1392.1342.8
4King's College London340.8324.8301.0291.1300.6252.2258.1233.5213.5194.1
5University of Glasgow283.1262.4234.3225.8225.2177.2201.9200.6188.4170.9
6London School of Economics276.1255.5229.3229.4240.8198.4155.0141.6132.7119.2
7Imperial College London272.4235.2220.1219.6202.1176.0178.1157.1141.7126.2
8University of Manchester248.7240.2221.6223.5242.2220.5238.4235.1222.2196.8
9University of Liverpool202.9193.8182.7184.4190.2168.3171.7167.1166.5155.8
10University College London175.0174.8156.8158.8163.3143.2138.7118.0111.4101.0
11University of Birmingham153.7155.8142.5138.0134.5116.7121.6120.3112.6103.8
12University of Reading141.3142.6133.6102.8107.4250.717.514.714.014.8
13University of St Andrews139.9125.9114.9113.1117.795.689.977.869.458.6
14Durham University116.3106.6101.799.498.286.481.974.072.067.6

Endowments from £10 million to £100 million

RankInstitutionEndowment (GBP millions, End of Financial Year)Change20252024202320222021202020192018201720161year5year10year
15Newcastle University98.394.887.187.6101.887.285.180.675.263.4
16University of Leeds95.994.883.287.490.582.182.377.272.767.7
17University of Bristol94.698.786.191.691.378.777.272.270.262.6
18University of Nottingham78.172.572.272.362.363.058.555.149.9
19Queen's University Belfast75.070.965.669.069.763.867.167.165.456.6
20Royal Holloway, University of London74.875.581.686.187.778.881.280.479.675.3
21University of Aberdeen70.565.358.658.158.451.952.049.746.941.3
22SOAS University of London60.157.153.954.856.249.351.247.042.239.0
23University of Sheffield59.055.247.146.546.7{{cite webtitle=Annual Report and Financial Statements 2020–21publisher=The University of Sheffieldaccess-date=2 February 2022 }}45.546.043.842.239.7
24University of Exeter53.851.648.648.749.541.540.738.237.232.5
25Cardiff University53.553.146.245.645.538.938.234.533.130.3
26University of Strathclyde49.946.642.241.742.136.337.835.133.130.9
27Queen Mary University of London49.748.043.743.441.337.333.434.134.334.7
28University of Dundee34.433.935.030.231.329.628.325.8
29Aberystwyth University36.433.530.330.935.636.643.357.748.4
30University of Leicester24.325.923.624.324.520.021.020.617.714.0
31University of Sussex21.921.116.415.317.914.413.611.611.010.1
32Lancaster University19.518.918.415.014.814.313.96.05.95.6
33Goldsmiths, University of London18.215.715.015.115.314.915.03.33.33.1
34Nottingham Trent University17.316.815.64.74.85.05.25.66.36.9
35Ulster University17.216.015.015.416.113.915.114.49.07.4
36University of East Anglia16.215.613.713.212.910.59.08.27.77.3
37University of Hull15.615.814.915.215.814.615.214.614.418.8
38Birmingham City University14.814.212.211.911.810.28.16.66.25.7
39Heriot-Watt University13.213.212.212.412.010.510.59.68.98.3
40University of Southampton12.812.411.912.814.912.913.013.112.912.5
41City St George's, University of London11.47.7

Specialist Higher Education Institutions

RankInstitutionEndowment (GBP millions, End of Financial Year)Change20252024202320222021202020192018201720161year5year10year
1London Business School78.569.662.460.357.959.556.553.351.947.7
2Royal Academy of Music64.368.558.353.048.836.438.139.536.533.8
4Royal College of Music52.947.944.344.649.342.445.642.837.836.5
4Courtauld Institute of Art47.841.738.736.035.744.444.939.737.634.4
5Liverpool School of Tropical Medicine47.748.325.619.127.624.917.517.016.314.9
6Royal College of Art39.638.534.028.526.722.321.320.320.119.5
7Royal Northern College of Music23.322.520.321.121.718.618.917.521.219.3
8London School of Hygiene & Tropical Medicine19.718.118.520.617.516.114.313.311.4
9Royal Veterinary College11.511.710.710.710.58.79.19.29.89.8

Endowments per student greater than £10 thousand

RankInstitutionEnrolment
(FTE - 2023/24)Endowment per student
(2024, student population over 1000)Change
(1year)
1University of Oxford22,150£393,138
2University of Cambridge21,140†£337,465†
3London Business School1,685£41,306
4London School of Economics12,430£20,555
5University of Edinburgh36,260£16,007
6Royal College of Art2,740£12,734
7University of St Andrews10,860£11,593
8Imperial College London21,265£11,060

Notes:

† Only 2022/23 figures available for Cambridge

Notes

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