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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.[1] 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).[2] 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.[3] 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.[4][5][6][7] 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.[8]
- ^ "Statement of Recommended Practice" (PDF). Accounting for Further and Higher Education. Retrieved 16 June 2024.
- ^ Grey, Ransford (10 April 2024). "Restricted vs Unrestricted Fund". THE FINANCIAL WAREHOUSE COMPANY. Retrieved 16 June 2024.
- ^ "Academic Assets: University Fundraising - An Update" (PDF). Sutton Trust. June 2014. Retrieved 16 June 2024.
- ^ "University of Bath Endowment Acceptance and Financial Management Policy". University of Bath. 23 February 2023. Retrieved 16 June 2024.
- ^ "Annual Record". Trinity College, Cambridge. Retrieved 16 June 2024.
- ^ "Imperial College London Endowment (as of July 31, 2023)" (PDF). Imperial College London. 31 January 2024. Retrieved 16 June 2024.
- ^ "Cambridge University Endowment Fund: Annual Review 2023" (PDF). University of Cambridge Investment Management. 30 June 2023. Retrieved 16 June 2024.
- ^ "Financial Statements 2015–2016" (PDF). Durham University. pp. 61–66. Retrieved 21 December 2016.
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