The University of Texas, though a state institution, has a large endowment.
Many universities with very large endowments would require less than 5% to pay full tuition for all their students.
Harvard has the nation's largest endowment, valued last year at $25.9 billion.
The Company does not benefit from large endowments and has never owned property.
This figure reflects the fact that the school has the largest endowment of any public university in the nation.
He added that the museum had been raising money for both the renovation and a larger endowment.
In the past, many museums had large endowments and didn't care if everybody came through the door.
This has not been a problem for the most selective institutions with the largest endowments.
He gave a large endowment once to an educational project in which I was interested.
"In order to do that we would need a far larger endowment."