List of Canadian universities by endowment

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This list of Canadian universities by endowment groups the universities in Canada according to their endowments. As of the end of the 2022/2023 fiscal year, the total value of endowments at Canadian universities was over $21 billion.

Some universities do not have endowments while the largest endowment for a single university - the University of Toronto - is over $3 billion.

Mount Allison University has the largest endowment per student of non-federated Canadian universities and the second largest endowment per student of all Canadian universities after Victoria University federated with the University of Toronto, reaching over $107k per student as of December 31, 2021. Mount Allison has significantly larger endowments than the average Canadian and Atlantic Canadian primarily undergraduate university.[1]

Endowments over C$1 billion[edit]

The following are the Canadian universities with financial endowments over $1 billion, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years. As a collegiate university, the University of Toronto reports its financial and endowment information exclusive of its colleges, which hold additional endowments of their own.

Canadian universities by endowment
Institution Endowment (2022/23)
billions CAD 		Endowment (2021/22)
billions CAD 		Endowment (2020/21)
billions CAD 		Endowment (2019/20)
billions CAD 		Endowment (2018/19)
billions CAD
University of Toronto[Notes 1] $3.267[2] $3.167[3] $3.150[4] $2.510[5] $2.593[6]
University of British Columbia $2.123[7] $2.104[8] $2.008[9] $1.799[10] $1.720[11]
McGill University $1.822[12] $1.739[13] $1.808[14] $1.524[15] $1.679[16]
University of Alberta $1.728[17] $1.639[18] $1.456[19] $1.284[20] $1.432[21]
Queen's University at Kingston $1.448[22] $1.407[23] $1.38[24] $1.141[25] $1.152[26]
University of Calgary $1.176[27] $1.162[28] $1.120[29] $0.916[30] $0.991[31]
University of Western Ontario $1.141[32] $1.046 [33] $0.990[34] $0.805[35] $0.804[36]
  1. ^ Endowments for the University of Toronto's constituent colleges not included in figures.

Endowments C$250 million to C$1 billion[edit]

The following are the Canadian universities with the financial endowments between $250 million and $1 billion, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years.

Canadian universities by endowment
Institution


Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD 		Endowment (2019/20)
millions CAD 		Endowment (2018/19)
millions CAD
Carleton University $361.423[37] $343.266[38] $353.014[39] $298.612[40] $265.410[41]
Dalhousie University $681.497[42] $597.593[43] $563.147[44] $609.8[45] $649.7[46]
McMaster University $908.7[47] $704.994[48] $756.216[49] $731.9[50] $757.7[51]
Simon Fraser University $485.471[52] $470.610[53] $392.917[54] $380.756[55] $360.153[56]
Université de Montréal $428.951[57] $403.054[58] $390.317[59] $328.635[60] $365.140[61]
University of Ottawa $333.880[62] $321.301[63] $338.769[64] $295.437[65] $293.997[66]
University of Guelph $445.165[67] $411.6[68] $418.1[69] $351.7[70] $382.7[71]
University of Manitoba $619.983[72] $600.213[73] $550.845[74] $471.1[75] $507.001[76]
University of Victoria $436.144[77] $418.237[78] $392.775[79] $375.802[80] $342.896[81]
University of Waterloo $492.010[82] $464.677[83] $441.922[84] $402.806[85] $390.773[86]
Victoria University, Toronto $555.701[87] $544.261[88] $523.996[89] $488.758[90] $506.779[91]
University of Saskatchewan $475.371[92] $462.817[93] $459.4[94] $407.5[95] $401.2[96]
York University $566.712[97] $533.567[98] $579.189[99] $479.418[100] $496.040[101]

Endowments less than C$250 million[edit]

The following are the Canadian universities with financial endowments less than $250 million, expressed in Canadian dollars at fair value. All sources are official audited financial statements published in the respective fiscal years.

Canadian universities by endowment
Institution Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD 		Endowment (2019/20)
millions CAD 		Endowment (2018/19)
millions CAD
Brock University $122.332[102] $119.025[103] $123.810[104] $103.896[105] $107.026[106]
Laurentian University $47.510[107] $60.961[108] $61.482[109] $52.845[110] $51.809[111]
Laval University $34.329[112] $34.679[113] $37.407[114] $34.761[115] $36.619[116]
University of Lethbridge $94.892[117] $94.499[118] $81.121[119] $66.761[120] $72.953[121]
Memorial University of Newfoundland $158.794[122] $156.119[123] $145.9[124] $118.569[125] $119.596[126]
Nipissing University $12.702[127] $12.326[128] $12.133[129] $12.031[130] $11.905[131]
Toronto Metropolitan University $155.492[132] $148.873[133] $140.867[134] $136.285[135] $135.619[136]
Trent University $95.119[137] $86.909[138] $86.900[139] $72.477[140] $72.614[141]
University of New Brunswick $238.328[142] $215.945[143] $196.158[144] $178.530[145] $188.559[146]
University of Regina $126.4[147] $138.3[148] $121.1[149] $116.4[150] $99.3[151]
University of Windsor $139.776[152] $140.486[153] $142.414[154] $117.209[155] $118.734[156]
University of Prince Edward Island $60.134[157] $54.133[158] $50.115[159] $45.883[160] $40.571[161]
Lakehead University $68.626[162] $64.417[163] $63.404[164] $58.965[165] $58.858[166]
Wilfrid Laurier University $113.943[167] $107.752[168] $105.664[169] $95.385[170] $96.067[171]
Redeemer University College $6.201[172] $6.220[173] $4.853[174] $4.664[175] $4.363[176]
Trinity Western University $36.953[177] $33.578[178] $28.793[179] $23.204[180] $22.357[181]
University of King's College $35.348[182] $35.613[183] $32.423[184] $27.377[185] $30.123[186]
Saint Mary's University $53.266[187] $58.300[188] $53.737[189] $41.4[190] $41.2[191]
Acadia University $120.130[192] $117.538[193] $109.467[194] $86.531[195] $90.656[196]
Mount Saint Vincent University $36.537[197] $36.221[198] $35.983[199] $29.464[200] $42.318[201]
Saint Francis Xavier University $182.539[202] $185.261[203] $169.1[204] $131.7[205] $146.6[206]
Mount Allison University $233.585[207] $215.1[208] $218.039[209] $215.1[210] $175.722[211]
Mount Royal University $78.043[212] $76.966[213] $61.558[214] $66.175[215] $64.848[216]
Concordia University $142.530[217] $139.068[218] $144.992[219] $116.571[220] $121.482[221]
University of Northern British Columbia $71.871[222] $69.464[223] $67.655[224]
Algoma University $3.878[225] $3.660[226] $3.806[227]

See also[edit]

References[edit]

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