List of Canadian universities by endowment

This list of Canadian universities by endowment groups the universities in Canada according to their endowments. As of the end of the 2024/2025 fiscal year, the total value of endowments at Canadian universities was almost $26 billion.

Some universities do not have endowments while the largest endowment for a single university - the University of Toronto - is just under $4 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 (2024/25)
billions CAD 		Endowment (2023/24)
billions CAD 		Endowment (2022/23)
billions CAD 		Endowment (2021/22)
billions CAD 		Endowment (2020/21)
billions CAD
University of Toronto[Notes 1] $3.933[2] $3.616[3] $3.267[4] $3.167[5] $3.150[6]
University of British Columbia $2.641[7] $2.336[8] $2.123[9] $2.104[10] $2.008[11]
McGill University $2.136[12] $1.977[13] $1.822[14] $1.739[15] $1.808[16]
University of Alberta $1.912[17] $1.815[18] $1.728[19] $1.639[20] $1.456[21]
Queen's University at Kingston $1.717[22] $1.597[23] $1.448[24] $1.407[25] $1.38[26]
University of Calgary $1.540[27] $1.316[28] $1.176[29] $1.162[30] $1.120[31]
University of Western Ontario $1.426[32] $1.296[33] $1.141[34] $1.046 [35] $0.990[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 (2024/25)
millions CAD 		Endowment (2023/24)
millions CAD 		Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD
Carleton University $401.181[37] $370.157[38] $361.423[39] $343.266[40] $353.014[41]
Dalhousie University $753.271[42] $707.191[43] $681.497[44] $597.593[45] $563.147[46]
McMaster University $882.314[47] $815.1[48] $750.5[49] $704.994[50] $756.216[51]
Simon Fraser University $557.498[52] $520.4[53] $485.471[54] $470.610[55] $392.917[56]
Université de Montréal $530.672[57] $469.157[58] $428.951[59] $403.054[60] $390.317[61]
University of Ottawa $361.952[62] $350.738[63] $333.880[64] $321.301[65] $338.769[66]
University of Guelph $536.816[67] $486.113[68] $445.165[69] $411.6[70] $418.1[71]
University of Manitoba $739.335[72] $675.969[73] $619.983[74] $600.213[75] $550.845[76]
University of Victoria $470.829[77] $455.457[78] $436.144[79] $418.237[80] $392.775[81]
University of Waterloo $565.462[82] $524.827[83] $492.010[84] $464.677[85] $441.922[86]
Victoria University, Toronto $592.945[87] $572.304[88] $555.701[89] $544.261[90] $523.996[91]
University of Saskatchewan $535.573[92] $509.173[93] $475.371[94] $462.817[95] $459.4[96]
York University $661.612[97] $607.792[98] $566.712[99] $533.567[100] $579.189[101]
University of New Brunswick $276.505[102] $259.864[103] $238.328[104] $215.945[105] $196.158[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 (2024/25)
millions CAD 		Endowment (2023/24)
millions CAD 		Endowment (2022/23)
millions CAD 		Endowment (2021/22)
millions CAD 		Endowment (2020/21)
millions CAD
Brock University $132.011[107] $130.145[108] $122.332[109] $119.025[110] $123.810[111]
Laurentian University $52.527[112] $49.614[113] $47.510[114] $60.961[115] $61.482[116]
Laval University $237.424[117] $224.497[118] $199.944[119] $34.679[120] $37.407[121]
University of Lethbridge $109.910[122] $104.301[123] $94.892[124] $94.499[125] $81.121[126]
Memorial University of Newfoundland $197.468[127] $177.960[128] $158.794[129] $156.119[130] $145.9[131]
Nipissing University $14.968[132] $12.859[133] $12.702[134] $12.326[135] $12.133[136]
Toronto Metropolitan University $169.473[137] $162.661[138] $155.492[139] $148.873[140] $140.867[141]
Trent University $108.712[142] $102.312[143] $95.119[144] $86.909[145] $86.900[146]
University of Regina $71.299[147] $64.115[148] $126.4[149] $138.3[150] $121.1[151]
University of Windsor $165.228[152] $151.903[153] $139.776[154] $140.486[155] $142.414[156]
University of Prince Edward Island $69.065[157] $66.049[158] $60.134[159] $54.133[160] $50.115[161]
Lakehead University $62.393[162] $58.650[163] $68.626[164] $64.417[165] $63.404[166]
Wilfrid Laurier University $129.213[167] $120.539[168] $113.943[169] $107.752[170] $105.664[171]
Redeemer University College $7.206[172] $6.608[173] $6.201[174] $6.220[175] $4.853[176]
Trinity Western University $47.712[177] $41.641[178] $36.953[179] $33.578[180] $28.793[181]
University of King's College $43.971[182] $37.601[183] $35.348[184] $35.613[185] $32.423[186]
Saint Mary's University $61.110[187] $54.511[188] $53.266[189] $58.300[190] $53.737[191]
Acadia University $146.296[192] $133.599[193] $120.130[194] $117.538[195] $109.467[196]
Mount Saint Vincent University $44.674[197] $39.410[198] $36.537[199] $36.221[200] $35.983[201]
Saint Francis Xavier University $227.766[202] $207.184[203] $182.539[204] $185.261[205] $169.1[206]
Mount Allison University $244.737[207] $235.698[208] $220.585[209] $215.1[210] $218.039[211]
Mount Royal University $91.700[212] $76.339[213] $78.043[214] $76.966[215] $61.558[216]
Concordia University $172.167[217] $158.623[218] $142.530[219] $139.068[220] $144.992[221]
University of Northern British Columbia $75.591[222] $73.119[223] $71.871[224] $69.464[225]
Algoma University $4.091[226] $3.909[227] $3.878[228] $3.660[229]
Ontario College of Art and Design University $23.618[230] $21.872[231] $19.572[232] $19.896[233]

See also

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