List of Canadian universities by endowment

This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources.

This list of Canadian universities by endowment groups the universities in Canada according to their endowments. As of the end of the 2023/2024 fiscal year, the total value of endowments at Canadian universities was over $23 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

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 (2023/24) billions CAD	Endowment (2022/23) billions CAD	Endowment (2021/22) billions CAD	Endowment (2020/21) billions CAD	Endowment (2019/20) billions CAD
University of Toronto[Notes 1]	$3.616[2]	$3.267[3]	$3.167[4]	$3.150[5]	$2.510[6]
University of British Columbia	$2.336[7]	$2.123[8]	$2.104[9]	$2.008[10]	$1.799[11]
McGill University	$1.977[12]	$1.822[13]	$1.739[14]	$1.808[15]	$1.524[16]
University of Alberta	$1.815[17]	$1.728[18]	$1.639[19]	$1.456[20]	$1.284[21]
Queen's University at Kingston	$1.597[22]	$1.448[23]	$1.407[24]	$1.38[25]	$1.141[26]
University of Calgary	$1.316[27]	$1.176[28]	$1.162[29]	$1.120[30]	$0.916[31]
University of Western Ontario	$1.296[32]	$1.141[33]	$1.046 [34]	$0.990[35]	$0.805[36]

1. Endowments for the University of Toronto's constituent colleges not included in figures.

Endowments C$250 million to C$1 billion

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 (2023/24) millions CAD	Endowment (2022/23) millions CAD	Endowment (2021/22) millions CAD	Endowment (2020/21) millions CAD	Endowment (2019/20) millions CAD
Carleton University	$370.157[37]	$361.423[38]	$343.266[39]	$353.014[40]	$298.612[41]
Dalhousie University	$707.191[42]	$681.497[43]	$597.593[44]	$563.147[45]	$609.8[46]
McMaster University	$815.1[47]	$750.5[48]	$704.994[49]	$756.216[50]	$731.9[51]
Simon Fraser University	$520.4[52]	$485.471[53]	$470.610[54]	$392.917[55]	$380.756[56]
Université de Montréal	$469.157[57]	$428.951[58]	$403.054[59]	$390.317[60]	$328.635[61]
University of Ottawa	$350.738[62]	$333.880[63]	$321.301[64]	$338.769[65]	$295.437[66]
University of Guelph	$486.113[67]	$445.165[68]	$411.6[69]	$418.1[70]	$351.7[71]
University of Manitoba	$675.969[72]	$619.983[73]	$600.213[74]	$550.845[75]	$471.1[76]
University of Victoria	$455.457[77]	$436.144[78]	$418.237[79]	$392.775[80]	$375.802[81]
University of Waterloo	$524.827[82]	$492.010[83]	$464.677[84]	$441.922[85]	$402.806[86]
Victoria University, Toronto	$572.304[87]	$555.701[88]	$544.261[89]	$523.996[90]	$488.758[91]
University of Saskatchewan	$509.173[92]	$475.371[93]	$462.817[94]	$459.4[95]	$407.5[96]
York University	$607.792[97]	$566.712[98]	$533.567[99]	$579.189[100]	$479.418[101]
University of New Brunswick	$259.864[102]	$238.328[103]	$215.945[104]	$196.158[105]	$178.530[106]

Endowments less than C$250 million

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 (2023/24) millions CAD	Endowment (2022/23) millions CAD	Endowment (2021/22) millions CAD	Endowment (2020/21) millions CAD	Endowment (2019/20) millions CAD
Brock University	$130.145[107]	$122.332[108]	$119.025[109]	$123.810[110]	$103.896[111]
Laurentian University	$49.614[112]	$47.510[113]	$60.961[114]	$61.482[115]	$52.845[116]
Laval University	$224.497[117]	$199.944[118]	$34.679[119]	$37.407[120]	$34.761[121]
University of Lethbridge	$104.301[122]	$94.892[123]	$94.499[124]	$81.121[125]	$66.761[126]
Memorial University of Newfoundland	$177.960[127]	$158.794[128]	$156.119[129]	$145.9[130]	$118.569[131]
Nipissing University	$12.859[132]	$12.702[133]	$12.326[134]	$12.133[135]	$12.031[136]
Toronto Metropolitan University	$162.661[137]	$155.492[138]	$148.873[139]	$140.867[140]	$136.285[141]
Trent University	$102.312[142]	$95.119[143]	$86.909[144]	$86.900[145]	$72.477[146]
University of Regina	$64.115[147]	$126.4[148]	$138.3[149]	$121.1[150]	$116.4[151]
University of Windsor	$151.903[152]	$139.776[153]	$140.486[154]	$142.414[155]	$117.209[156]
University of Prince Edward Island	$66.049[157]	$60.134[158]	$54.133[159]	$50.115[160]	$45.883[161]
Lakehead University	$58.650[162]	$68.626[163]	$64.417[164]	$63.404[165]	$58.965[166]
Wilfrid Laurier University	$120.539[167]	$113.943[168]	$107.752[169]	$105.664[170]	$95.385[171]
Redeemer University College	$6.608[172]	$6.201[173]	$6.220[174]	$4.853[175]	$4.664[176]
Trinity Western University	$41.641[177]	$36.953[178]	$33.578[179]	$28.793[180]	$23.204[181]
University of King's College	$37.601[182]	$35.348[183]	$35.613[184]	$32.423[185]	$27.377[186]
Saint Mary's University	$54.511[187]	$53.266[188]	$58.300[189]	$53.737[190]	$41.4[191]
Acadia University	$133.599[192]	$120.130[193]	$117.538[194]	$109.467[195]	$86.531[196]
Mount Saint Vincent University	$39.410[197]	$36.537[198]	$36.221[199]	$35.983[200]	$29.464[201]
Saint Francis Xavier University	$207.184[202]	$182.539[203]	$185.261[204]	$169.1[205]	$131.7[206]
Mount Allison University	$235.698[207]	$220.585[208]	$215.1[209]	$218.039[210]	$215.1[211]
Mount Royal University	$76.339[212]	$78.043[213]	$76.966[214]	$61.558[215]	$66.175[216]
Concordia University	$158.623[217]	$142.530[218]	$139.068[219]	$144.992[220]	$116.571[221]
University of Northern British Columbia	$73.119[222]	$71.871[223]	$69.464[224]	$67.655[225]
Algoma University	$3.909[226]	$3.878[227]	$3.660[228]	$3.806[229]
Ontario College of Art and Design University	$21.872[230]	$19.572[231]	$19.896[232]

See also

• Lists of institutions of higher education by endowment size
• U15 Group of Canadian Research Universities
• List of universities in Canada