List of universities in the United Kingdom by endowment

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 Change20252024202320222021202020192018201720161year5year10year 1 University of Oxford 9.278 8.708 8.066 8.120 7.746 6.327 6.349 6.057 5.592 5.069 —Excluding Colleges 1.912 1.833 1.602 1.622 1.537 1.221 1.143 1.090 0.921 0.844 2 University of Cambridge 7.134 7.802 6.0735.044 —Excluding Colleges 2.387 2.259 2.119 2.123 2.031 1.648 1.674 1.562 1.449 1.269

Endowments from £100 million to £1 billion RankInstitutionEndowment Change20252024202320222021202020192018201720161year5year10year 3 University of Edinburgh 604.8 580.4 559.8 541.0 565.2 487.7 459.9 424.1 392.1 342.8 4 King's College London 340.8 324.8 301.0 291.1 300.6 252.2 258.1 233.5 213.5 194.1 5 University of Glasgow 283.1 262.4 234.3 225.8 225.2 177.2 201.9 200.6 188.4 170.9 6 London School of Economics 276.1 255.5 229.3 229.4 240.8 198.4 155.0 141.6 132.7 119.2 7 Imperial College London 272.4 235.2 220.1 219.6 202.1 176.0 178.1 157.1 141.7 126.2 8 University of Manchester 248.7 240.2 221.6 223.5 242.2 220.5 238.4 235.1 222.2 196.8 9 University of Liverpool 202.9 193.8 182.7 184.4 190.2 168.3 171.7 167.1 166.5 155.8 10 University College London 175.0 174.8 156.8 158.8 163.3 143.2 138.7 118.0 111.4 101.0 11 University of Birmingham 153.7 155.8 142.5 138.0 134.5 116.7 121.6 120.3 112.6 103.8 12 University of Reading 141.3 142.6 133.6 102.8 107.4 250.7 17.5 14.7 14.014.8 13 University of St Andrews 139.9 125.9 114.9 113.1 117.7 95.6 89.9 77.8 69.4 58.6 14 Durham University 116.3 106.6 101.7 99.4 98.2 86.4 81.9 74.0 72.0 67.6

Endowments from £10 million to £100 million RankInstitutionEndowment Change20252024202320222021202020192018201720161year5year10year 15 Newcastle University 98.3 94.8 87.1 87.6 101.8 87.2 85.1 80.6 75.2 63.4 16 University of Leeds 95.9 94.8 83.2 87.4 90.5 82.1 82.3 77.2 72.7 67.7 17 University of Bristol 94.6 98.7 86.191.6 91.3 78.7 77.2 72.2 70.2 62.6 18 University of Nottingham 82.5 78.1 72.5 72.2 72.3 62.3 63.0 58.5 55.1 49.9 19 Queen's University Belfast 75.0 70.9 65.6 69.0 69.7 63.8 67.1 67.1 65.4 56.6 20 Royal Holloway, University of London 74.8 75.5 81.6 86.1 87.7 78.8 81.2 80.4 79.6 75.3 21 University of Aberdeen 70.5 65.3 58.6 58.1 58.4 51.9 52.0 49.7 46.9 41.3 22 SOAS University of London 60.1 57.1 53.9 54.8 56.2 49.3 51.2 47.0 42.2 39.0 23 University of Sheffield 59.0 55.2 47.1 46.5 46.7 45.5 46.0 43.8 42.2 39.7 24 University of Exeter 53.8 51.6 48.6 48.7 49.5 41.5 40.7 38.2 37.2 32.5 25 Cardiff University 53.5 53.1 46.2 45.6 45.5 38.9 38.2 34.5 33.1 30.3 26 University of Strathclyde 49.9 46.6 42.2 41.7 42.1 36.3 37.8 35.1 33.1 30.9 27 Queen Mary University of London 49.7 48.0 43.7 43.4 41.3 37.3 33.4 34.1 34.3 34.7 28 University of Dundee 37.2 34.4 33.9 35.0 30.2 31.3 29.6 28.3 25.8 29 Aberystwyth University 33.1 36.4 33.5 30.3 30.9 35.6 36.6 43.3 57.7 48.4 30 University of Leicester 24.3 25.9 23.6 24.3 24.5 20.0 21.0 20.6 17.7 14.0 31 University of Sussex 21.9 21.1 16.4 15.3 17.9 14.4 13.6 11.6 11.0 10.1 32 Lancaster University 19.5 18.9 18.4 15.0 14.8 14.3 13.9 6.0 5.9 5.6 33 Goldsmiths, University of London 18.2 15.7 15.0 15.1 15.3 14.9 15.0 3.3 3.3 3.1 34 Nottingham Trent University 17.3 16.8 15.6 4.7 4.8 5.0 5.2 5.6 6.3 6.9 35 Ulster University 17.2 16.0 15.0 15.4 16.1 13.9 15.1 14.4 9.0 7.4 36 University of East Anglia 16.2 15.6 13.7 13.2 12.9 10.5 9.0 8.2 7.7 7.3 37 University of Hull 15.6 15.8 14.9 15.2 15.8 14.6 15.2 14.6 14.4 18.8 38 Birmingham City University 14.8 14.2 12.2 11.9 11.8 10.2 8.1 6.6 6.2 5.7 39 Heriot-Watt University 13.2 13.2 12.2 12.4 12.0 10.5 10.5 9.6 8.9 8.3 40 University of Southampton 12.8 12.4 11.9 12.8 14.9 12.9 13.0 13.1 12.9 12.5 41 City St George's, University of London 11.4 7.7

Specialist Higher Education Institutions

RankInstitutionEndowment Change20252024202320222021202020192018201720161year5year10year 1 London Business School 78.5 69.6 62.460.357.9 59.5 56.5 53.3 51.9 47.7 2 Royal Academy of Music 64.368.558.353.048.836.438.139.536.533.8 4 Royal College of Music 52.9 47.9 44.3 44.6 49.3 42.4 45.6 42.8 37.8 36.5 4 Courtauld Institute of Art 47.8 41.7 38.7 36.0 35.7 44.444.9 39.7 37.634.4 5 Liverpool School of Tropical Medicine 47.7 48.3 25.6 19.1 27.6 24.9 17.5 17.0 16.3 14.9 6 Royal College of Art 39.6 38.5 34.0 28.5 26.7 22.3 21.3 20.3 20.1 19.5 7 Royal Northern College of Music 23.3 22.520.3 21.1 21.7 18.6 18.9 17.5 21.2 19.3 8 London School of Hygiene & Tropical Medicine 20.0 19.7 18.1 18.5 20.6 17.5 16.1 14.3 13.3 11.4 9 Royal Veterinary College 11.5 11.7 10.7 10.7 10.5 8.7 9.1 9.2 9.8 9.8

Endowments per student greater than £10,000

Rank Institution Enrolment (FTE - 2024/25) Endowment per student (2025, student population over 1000) Change(1year)1University of Cambridge† 21,040 £113,450 2University of Oxford† 21,840 £87,546 3London Business School 1,705 £46,041 4London School of Economics 12,590 £21,930 5University of Edinburgh 36,185 £16,714 6Royal College of Art 2,460 £16,098 7University of St Andrews 10,800 £12,954 8Imperial College London 21,310 £12,783 9SOAS University of London 5,990 £10,033

Notes: † Excluding the endowments of the autonomous colleges

See also Armorial of UK universities List of universities in the United Kingdom List of UK universities by date of foundation List of universities in the United Kingdom by enrolment Lists of institutions of higher education by endowment size

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