University Statements

Cornell’s endowment earned a 12.3% return in the fiscal year ending June 30 with a value of $11.8 billion.

In FY25, the endowment contributed $439 million to financial aid, research, academic programs, faculty salaries, and facilities expenses that would otherwise be funded by sources like tuition. In FY26, the university budgeted a record $463 million for institutional grant and scholarship aid that does not need to be repaid, making Cornell more affordable for aided students than it was two decades ago.

Cornell enrolls more undergraduates than other Ivy League schools, and its endowment is significantly smaller on a per student basis than many peer institutions’, ranking 71st among U.S. and Canadian colleges and universities surveyed in the 2024 NACUBO-Commonfund Study of Endowments.

Christopher Cowen
Executive Vice President and Chief Financial Officer

Kenneth Miranda
Chief Investment Officer