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When it comes to assessing a university’s influence, power and prestige, a key consideration has to be financial clout. The Rockefeller University, on Manhattan’s Upper East Side, was set up in 1901, when it was known as The Rockefeller Institute for Medical Research.
Nanyang Technological University (NTU) was established in 1991 when the Nanyang Technological Institute and the National Institute of Education were amalgamated. Liberal arts school Amherst College was established in 1821 when a replacement for the struggling Williams College was being sought.
The history of the California Institute of Technology (Caltech) dates back to the 1891-established Pasadena trade school called Throop University.
The University of Illinois System – established in 1867 – includes campuses in Springfield, Chicago and Urbana-Champaign.
Private liberal arts school Williams College was founded in 1791 as the Williamstown Free School. Private Claremont, California-based liberal arts school Pomona College saw its endowment swell to just under $2 billion in 2013.
The University of Richmond’s history dates back to the 1830-founded Baptist school the Dunlora Academy. With six campuses spread out across Indiana, Purdue University’s college system is one of America’s biggest, accommodating almost 75,000 students. The roots of Kyoto University in Japan lie in the establishment of the Chemistry School in Osaka in 1869. Historic Japanese institution Osaka University’s educational traditions date back to a 1724 Osaka merchant meeting place and public academy known as Kaitokudo. The University of Washington (UW) opened in 1861 as the Territorial University of Washington.
In 2013 the National University of Singapore’s endowment increased to an estimated $2.54 billion. Esteemed Ivy League institution Brown University was founded in Warren, Rhode Island in 1764 and was originally known as the College in the English Colony of Rhode Island and Providence Plantations. King Saud University (KSU) in Riyadh, Saudi Arabia was established as Riyadh University in 1957 by former king Saud bin Abdulaziz Al Saud. Established in 1855, Pennsylvania State University was originally known as the Farmers’ High School of Pennsylvania. Johns Hopkins University in Baltimore helped establish the notion of the contemporary research college in America. Swiss-born politician Albert Gallatin founded New York University (NYU) as the University of the City of New York in 1831. Vanderbilt University was established in 1873 thanks to a $1 million donation by New York tycoon Cornelius Vanderbilt, who hoped that his gesture would help the U.S.
Hanover, New Hampshire-based Ivy League institution Dartmouth College dates back to pastor Eleazar Wheelock’s Connecticut-based Moor’s Charity School for Native Americans, founded in 1754.
Armed with a vision of a public academic institution with a “national character and stature,” founding father and former U.S.
Cornell University’s history goes back to 1865, when New York-born businessman and former senator Ezra Cornell gave up his Ithaca farm and half a million dollars as the school’s first endowment. The brainchild of a consortium of local politicians, businesspeople and religious figures, Washington University in St. Named after Bishop John Emory, Emory College was founded by Methodists in Oxford, Georgia in 1836.
Duke University was founded in 1838 in Randolph County as Brown’s Schoolhouse, which went on to change its name to Union Institute, Normal College and then Trinity College. Prestigious English institution the University of Oxford is one of the oldest universities in the world. The University of Chicago was established in 1890 owing to a $600,000 donation by oil tycoon John D. The University of Pennsylvania’s predecessor, the Academy of Philadelphia – which owes its existence in part to Benjamin Franklin – first started accepting students in 1751. Upper Manhattan-based research college Columbia University was established in 1754 under the name King’s College.
The University of Notre Dame’s first benefactor was ex-Bishop of Vincennes Celestine Guynemer de la Hailandiere, who donated the land on which Father Edward Sorin established the school in 1842. The Texas A&M University System – which was founded in 1948 – is one of America’s biggest tertiary systems, incorporating 11 colleges across the state of Texas.
Only 20 years after it was established in Detroit in 1817 as the University of Michigania, the University of Michigan was relocated to Ann Arbor. The Massachusetts Institute of Technology (MIT) is renowned for its contributions to science and engineering.
The richer the institution, the more it can afford excellent facilities and up-to-date technology – and more money allows the university to undertake further important research.
NTU’s Yunnan, Jurong campus is the biggest in Singapore, and the institution is also known for its well-ranked business school.
As far as the private research facility’s history goes, after a lengthy waiting period, it was officially chartered in 1863 on Harrison Avenue in the Boston area of South End.
Williams eventually stayed open, however, and the new school that had been built became an independent institution. In 1910 the school – then known as the Throop College of Technology – moved to its current home in Pasadena, thanks to a generous land donation by benefactor Arthur Fleming. The centerpiece of the system, the University of Illinois at Urbana-Champaign (UIUC), was set up in 1867 as the Illinois Industrial University. Way back when, the college was established in 1887 in Pomona and opened to students in 1888 – although it relocated to Claremont the following year. Today, UW–Madison is known for its highly regarded engineering, public affairs, law, medical and education courses. Shut down after the Civil War, the school – by then known locally as Richmond College – was reopened in 1866 following a $5,000 donation by local tobacconist James Thomas, Jr. The system’s flagship campus is based in West Lafayette and was established in 1869 thanks to local benefactor John Purdue’s $150,000 donation. Slightly more recently, the college’s history is tied to the 1869-founded Osaka Prefectural Medical School, which was chartered as a university in 1919, amalgamated with Osaka Imperial University in 1931 and finally rechristened Osaka University in 1947. Today, the Public Ivy college is known for its exceptional medical school and has campuses in Seattle’s University District, Bothell, and Tacoma. The university dates back to the Straits Settlements and Federated Malay States Government Medical School, which was founded in 1905. In 1804 the university was renamed after graduate and longtime benefactor Nicholas Brown, Jr. The college was renamed several times over the years and was awarded university standing in 1953. In 1819 the academy became a university and was renamed the Western University of Pennsylvania.
The prestigious, highly ranked institution is well known internationally for its pioneering medical school and its groundbreaking teaching and research facility, the Johns Hopkins Hospital.
The school relocated to New Hampshire in 1770, and it was renamed Dartmouth College when the state of New Hampshire took control of it in 1817.
Widney convinced benefactors and fellow founders Ozro Childs, John Gately Downey and Isaias W. Interestingly, entrepreneur William Marsh Rice specified in his will that his fortune should help establish a white-only institution in Houston. Cornell co-founded the school with fellow senator and the university’s first president Andrew Dickson White.
In 1915 then Coca-Cola president Asa Candler donated land in metropolitan Atlanta and $1 million to the college – and following its relocation, it was renamed Emory University.
In 1755 the school was renamed the College of Philadelphia, and in 1791 it became chartered as the University of Pennsylvania.
The college has two campuses in Illinois, in Evanston and Chicago, and established a third location in Doha, Qatar in 2008.
It was apparently established in 1209 after a group of Oxford University academics left the school following a disagreement.
The college was initially funded by the redirection of state lottery funds by New York’s general assembly and was rechristened Columbia University in 1784, following the Revolutionary War. Notre Dame is notable for its Notre Dame School of Architecture and Mendoza College of Business – which was renamed after NetApp executives and benefactors Tom and Kathy Mendoza in 2000. The system’s centerpiece is Texas A&M University, which opened in 1876 and was first known as the Agricultural and Mechanical College of Texas. Still, over the years it has been a recipient of some very wealthy benefactors’ donations: the Rackham Graduate School was named after an important Ford Motor Company stockholder, Horace H. Universities can also use their fiscal power – which is often boosted by individual donations of money – to set up scholarships or attract some of the best educators out there to teach at their schools. In 2013 NTU teamed up with Imperial College London to establish the Lee Kong Chian School of Medicine at its Novena location. Today, Caltech is known for its engineering and science programs and has a long history of influential and pioneering graduates.
UIUC’s Beckman Institute for Advanced Science and Technology was founded in 1989 thanks to a $40 million gift from graduate Arnold O. Pomona is extremely selective, with its academic prerequisites comparable to those of Ivy League schools.


The system also includes regional sites in Hammond, Westville, Fort Wayne, Indianapolis and Columbus. Post-WWII, the Third Higher School merged with the Imperial University in Kyoto to form the modern-day Kyoto University. Today the university educates over 25,000 students spread out across three campuses in Osaka. In 1989 Microsoft co-founder Paul Allen contributed $10 million, which partly funded the Allen Library. Opened in 1949, UNC’s historic Morehead Planetarium and Science Center is named after chemist and UNC graduate John Motley Morehead III, who put $3 million into the facility and donated it to the university. In 1912, after the King Edward VII Memorial Fund donated $120,000, it became known as the King Edward VII College of Medicine.
KSU features medical, science and engineering schools and boasts an impressive 18 libraries. The institution suffered financially until Pillsbury founder John Sargent Pillsbury helped pay off its debts – and the college’s Pillsbury Hall is named after him.
From then on, enrollment boomed, and Penn State’s newly designated University Park campus grew too. In 1908 the growing school was rechristened the University of Pittsburgh, and soon afterward it consolidated its spread-out North Side campus to one location in Pittsburgh’s Oakland area. The university was founded in 1876, after businessman and Maryland local Johns Hopkins set aside a then record-breaking $7 million in his will to establish a university and adjoining hospital in the area. Stern School of Business, which was renamed for NYU alumnus and realty mogul Leonard Stern in 1988 after he donated $30 million.
Today, the school’s tree-covered Nashville campus has grown to 330 acres, and the school’s Vanderbilt University Medical Center is Middle Tennessee’s sole Level I trauma center. By the middle of the 20th century, Dartmouth had established itself as one of America’s top universities, thanks in no small part to the contributions of numerous benefactors, including former U.S.
Hellman to help establish the University of Southern California (USC), which first opened in 1880. The university is famous for its historic Pantheon-inspired Rotunda and also has the honor of possessing America’s only World Heritage Site-designated campus. Academically, the university is recognized for its world-renowned Southeast Asia studies and also has well-regarded hotel administration and architecture programs. Carr and Washington Duke donated land and $85,000, respectively, upon which the school relocated to Durham – and Duke went on to donate $300,000 on the understanding that women would be admitted. The university’s comparatively new Said Business School was set up in 1996 and named after Syrian billionaire and founding patron Wafic Said, who at that point had contributed as much as $70 million to the school. In 2011 Pennsylvania topped the list of Ivy League research spending with a whopping $814 million, much of it provided by the state.
Northwestern dates back to a fateful 1850 meeting involving nine religious leaders, businesspeople and lawyers.
Originally known as University Hall, Cambridge’s historic Clare College was renamed in 1338 in view of heiress Elizabeth de Clare’s generous contribution. Low Memorial Library, which was built in 1895, was overseen by then university president Seth Low, who dedicated it to his father and contributed $1 million to the project. Texas A&M University’s College Station campus features the signature George Bush Presidential Library and Museum, which cost $43 million and was established in 1997. Here we look at the 50 wealthiest universities in the world, ranked according to financial endowment – which is the financial trust available to each college through cash or other assets such as property. The medicine school was named after businessman Lee Kong Chian, whose Lee Foundation donated $118 million. Gasson subsequently helped spur on the university’s relocation to its current Chestnut Hill campus in 1909. Meanwhile, from 2008 to 2013 an in-house Amherst fundraising campaign raised around $502 million, the total of which included two anonymous, independent gifts of $100 million and $25 million.
In 2001 Intel co-founder and Caltech graduate Gordon Moore and his spouse Betty bestowed an amazing $600 million.
The school’s women-only Scripps College, established in 1926, is named after founding benefactor Ellen Browning Scripps. Morgridge and wife Tashia donated $34 million to UW–Madison in 2004, following that up two years later with a gift of $50 million. Purdue University’s Krannert School of Management was established in 1962 with a $2.7 million donation by Midwest businessman Herman C.
The university has three campuses in Kyoto and Uji and has earned a strong reputation for its research. In 2007 Osaka University merged with the Osaka University of Foreign Studies, which was established in 1921 thanks to an earlier donation by local businesswoman Choko Hayashi.
In 1999 the David Benjamin Clayton estate bestowed $28.6 million to UNC, which was the school’s most sizable gift up to that point. Then in 1949 it merged with Raffles College and was renamed the University of Malaya, which became the National University of Singapore in 1962. Nowadays, the university is known for its strong growth economics and applied mathematics graduate programs. Notable academic programs include the Prince Sultan International Program for Research Scholarships, the Riyadh Techno Valley Program and the Nobel Laureates Program. The Hershey Trust Company donated $50 million in 1963, and three years later the Penn State Milton S. Far more recently, in 2000, the university was awarded a $95.4 million research and development grant by NASA. In 1998 NYU graduate Henry Kaufman donated an additional $10 million to the business school. Mershon gave the school $7 million, which funded the Interdisciplinary Mershon Center for International Security Studies. The university also boasts off-campus medical facilities and the Dyer Observatory – which was named in honor of benefactor Arthur J.
Far more recently, in 1997, the Los Angeles-based university’s school of business was renamed in honor of former student and businessman Gordon S. In 2006, thanks to a $2.5 million donation by brewing company Anheuser-Busch, the school established an on-campus National Social Norms Institute.
In 1924 Duke’s son James donated $40 million to Trinity College and other institutions and the school was renamed Duke University. The college’s even newer research facility, the Oxford Martin School, was set up in 2005 and named after pioneering computer scientist, author and backer James Martin. The university also benefits from individual contributions – in 2010, for example, the private sector donated nearly $400 million. Rather more recently, in 1973, Wolfson College was rechristened to acknowledge benefactor the Wolfson Foundation. Columbia alumnus Edward Harkness financed Columbia’s Butler Library, which was named in honor of ex-Columbia president Nicholas Murray Butler in 1946. Kroc Insitute for International Peace Studies, founded in 1986, was paid for by McDonald’s tycoon Ray Kroc’s widow Joan. The university is heavily involved with research, undertaking projects financed by agencies like NASA and the National Institutes of Health – and in 2011 Texas A&M spent a massive $705 million to fund this work. The university’s school of architecture was in 1999 rechristened after property developer A. In 2005 Rockefeller’s grandson David donated a new record sum of $100 million to the university.
In total, NTU has received a new record combined donation of $316 million for the school, including almost $16 million from the Toh Kian Chui Foundation. In 2010 Fidelity Management and Research Company vice chairman and Boston College alumnus Peter Lynch along with his wife Carolyn donated $20 million to create an academy specializing in educational leadership. Elsewhere, Caltech’s Annenberg Center for Information Science and Technology facility was partly funded by a $25 million donation by the Annenberg Foundation, while in 2009 U.S. In 1994 UIUC added the Grainger Engineering Library, which was named after local entrepreneur William Grainger following an $18.7 million donation by the Grainger Foundation Inc.
News & World Report’s rankings for 2014, Williams College is now the top liberal arts college in America.
Elsewhere, benefactor and school founding trustee Donald McKenna became the namesake of Claremont McKenna College in 1981. Claiborne Robins again brought the school back from the brink, this time with a $50 million gift.
Osaka’s latest endowment value is reportedly $2.3 billion, making it the richest university in Japan. However, in 2007 realty broker Joan Gillings and her husband Dennis donated $50 million to UNC’s school of public health, which was hence rechristened the Gillings School of Global Public Health. In 2007 Tan Sri Khoo Teck Puat’s estate donated $63 million to the Duke-National University of Singapore Graduate Medical School Singapore, with this figure then equaled by the government. KSU’s current flagship campus – to which it moved in 1984 – cost an incredible $5 billion to build. More recently, in 1989, the school’s new Wexner Center for the Arts opened thanks to a $25 million donation by entrepreneur and Ohio State graduate Leslie Wexner. The academic institution is Hanover’s biggest independent landowner, with a combined land and asset value of $434 million.
Then, following a large $100 million donation by billionaire Frank Batten, Sr., the Frank Batten School of Leadership and Public Policy was added in 2007.


Dyson School of Applied Economics and Management and Samuel Curtis Johnson Graduate School of Management. Woodruff’s wife Nell Hodgson Woodruff, and in 1994 Emory’s business school was rechristened after the soda giant’s former CEO Roberto Goizueta. Other benefactors have received similar honors: Duke’s engineering school was rechristened after alumnus Edmund T. Prior to that, in 1968, the university’s school of medicine was given a new moniker – after local philanthropists the Pritzker family. Pennsylvania’s excellent business school, the Wharton School, was founded in 1881 thanks to industrialist and benefactor Joseph Wharton.
And in 1990 English businessman Sir Paul Judge donated $13.3 million to Cambridge’s well-regarded business school, which was renamed in his honor.
More recently, in the 2006 financial year, Columbia made over $230 million through patent-related business. From 2012 to 2013, the college ran a fundraising donation campaign that raised an incredible – and record-breaking – $740 million.
Later, this donor was shown to be Eastman Kodak founder George Eastman, who all told bestowed $20 million as well as stock in his company. Operating under the motto, “science for the benefit of humanity,” The Rockefeller University is known for its biological and medical research and is associated with a large number of Nobel Prize winners. The couple also gave $10 million in 1999, leading to the college’s school of education being renamed in their honor. In 2013 the foundation donated an additional $100 million to the University of Illinois’ school of engineering. In 1998 graduate Herbert Allan donated $20 million to fund a new dance and drama center there. In 2009 entrepreneur Rick Sontag and his Pomona graduate wife Susan donated $7.5 million, and the Sontags gave an additional $1 million in 2014. Meanwhile, in 2007 a consortium of 13 graduates bestowed $85 million to UW–Madison ’s business school. The Robins family went on to donate over $175 million, and Richmond’s business school was renamed the E. In 2003 the management school added Rawls Hall, after a sizable $10 million contribution by Krannert School of Management graduate Jerry S. In 2007, following a generous donation by Japanese entrepreneur Funai Tetsuro, Kyoto University set up the Funai Tetsuro Auditorium and Funai Center.
In 2007 UW’s business school was renamed the Foster School of Business to honor the Foster Foundation’s gift of $36.5 million – taking the foundation’s total donations to $50 million. UNC’s highly ranked school of pharmacy was in 2008 renamed after graduate and benefactor Fred Eshelman to acknowledge his gifts, which now total over $35 million. Then in 2012 Indonesian billionaire and National University of Singapore graduate Dato Sri Tahir – who’d already donated $3 million from 2006 to 2010 – gave the university a further $30 million. In 2012 King Abdullah bin Abdulaziz set aside $9.6 million for King Saud University, King Abdulaziz University, and the King Fahd University of Petroleum and Minerals. In 2014 the university’s famous three-day dance-a-thon charity, THON, raised an impressive $13.3 million.
And from 1967 to 1991 long-standing chancellor Wesley Posvar helped triple the school’s endowment and increase its budget to $630 million. And that same year Johns Hopkins alumnus and former New York City Mayor Michael Bloomberg assigned a huge donation of $350 million to the university — the biggest the institution has seen. Langone and wife Elaine gave $200 million to NYU’s medical center, which was renamed in their honor. What’s more, in 1999 Wexner bought Pablo Picasso’s “Nude in a Black Armchair” for $45.1 million and gifted it to the center. In 2012 the school began a $115 million initiative to establish two new central campus residential colleges that was funded by donations and internal sources. It is known for its Geisel School of Medicine, Tuck School of Business, and the Thayer School of Engineering, which were named after benefactors Audrey and Theodor “Dr. Elsewhere, the acclaimed McIntire School of Commerce is named after Paul Goodloe McIntire, who donated $200,000 in 1921.
The schools were renamed in 2010 and 1984, respectively – following sizable donations by the families of late businessmen Charles H. Further back, Emory suffered as a result of the Civil War, until Methodist and banker George I. And in 1988 the Harris School of Public Policy Studies was founded, named after benefactor Irving B. And of late, in 2011, the university’s school of medicine was formally renamed after Raymond and Ruth Perelman, with respect to businessman and philanthropist Raymond G.
In 2000 Microsoft billionaire Bill Gates established the Gates Scholarships for international postgraduates with a $210-million endowment.
And in 2004 Michigan’s business school was renamed for real estate mogul, alumnus and Miami Dolphins owner Stephen M. Boston College graduate and realty investor Patrick Cadigan also gifted $15 million to his alma mater in 2012.
Elsewhere, UIUC’s Siebel Center, which opened in 2004, was named in honor of Thomas Siebel in view of his $32 million contribution from 2001.
The school expanded with a new student center that was added in 2007, and this was named after graduate David S.
And the university’s Kohl Center, which opened in 1998, was funded by a $25-million gift from U.S. Then in 2010 Canon donated $4.89 million to help establish the Advanced Medical Device Development and Clinical Research Center. And in 2013 Canadian lawyer Jack Rupert MacDonald left $187 million, with the sum to be divided between the University of Washington’s law school, the Salvation Army and the Seattle Children’s Research Institute. Besides which, Brown’s medical school was renamed for Warren Alpert in 2007 after the entrepreneur gifted $100 million. Today, on top of its flagship University Park campus, the Public Ivy school includes five “special-mission” facilities and 19 other campuses spread across Pennsylvania. As a state-related institution, the university is subsidized by Pennsylvania’s government, and in 2011 it got $185.4 million in public funding.
Meanwhile, in the same year realty developer Martin Kimmel’s widow Helen gave the center an additional $150 million.
Ohio State’s first fundraising initiative pulled in $460 million by 1987, and the second campaign raised a hugely impressive $1.23 billion by 2000. The university initiated a fundraising program in 1965, drawing in $43 million in five years.
The college’s Olin Library was founded in 1963 thanks to New York-based entrepreneur and benefactor John M. Meanwhile, the Nicholas School of the Environment was so-named after a $20-million donation in 1995 by businessman Peter Nicholas and his wife Ginny.
Meanwhile, by 2010 the Cambridge 800th Anniversary Campaign had raised an impressive $1.72 billion. Meanwhile, the college’s Connell School of Nursing and its well-regarded Carroll School of Management are named after benefactors William F. Elsewhere, the Jepson School of Leadership Studies was up in 1992 after businessman and Richmond alumnus Robert S. And Brown’s Watson Institute for International Studies is named for backer and alumnus Thomas J. Today, according to the National Association of College and University Business Officers, it has an endowment of $2.975 billion.
USC’s school of engineering was rechristened in 2004 after philanthropist Andrew Viterbi and his wife Erna bestowed a sizable $52 million.
Recently, in 2012, a new center for the arts was opened at the university thanks to a $35-million gift from graduate David Logan and wife Reva.
In 2013 Ross gave another $200 million to the university – the biggest one-off gift in Michigan’s history.
Meanwhile, the college’s eye-catching Kresge Auditorium, completed in 1955, was named for retail tycoon and principal financier Sebastian S. Perelman pledged $50 million towards the center’s emergency wing, while Marvel’s Isaac Perlmutter and his spouse contributed $50 million to Langone’s cancer center in 2014.
And in 2011 the university’s school of public policy was renamed after the Price Family Charitable Fund donated $50 million. Elsewhere, the Feinberg School of Medicine was so-named in 2002 to honor the Joseph and Bessie Feinberg Foundation’s $75-million contribution.
Meanwhile, from 2000 to 2008 Michigan’s “The Michigan Difference” campaign raised $3.2 billion. Louis-based entrepreneur George Warren Brown in 1928, and subsequently Brown’s estate donated $1 million to set up the school of social work’s first endowment. In 2013 Northwestern’s Innovation and New Ventures Office made an impressive $79.8 million through revenue from licensing. The university is also known for its well-regarded law and architecture and urban design schools.



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