Largest university endowments refer to the financial assets held in trust by universities and colleges, which are managed to generate income that supports the institution’s operations, including academic programs, research, and financial aid for students.
Having a large endowment is important for universities as it provides financial stability, allowing them to weather economic downturns and invest in long-term initiatives. Endowments also contribute to the university’s reputation and prestige, attracting top faculty and students.