The wealth gap is widening among America's colleges and universities. (Tweet this)
The improved economy and rising stock market have helped repair the damage to university endowments, but the biggest investment gains and largest gifts have flowed to the wealthiest schools, according to a recent analysis by Moody's Investors Service.
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Among the top 40, wealth is further concentrated among just a handful of schools, including Harvard (with $42.8 billion), the University of Texas ($36.7 billion), Stanford ($31.6 billion), the University of California ($28.6 billion), Yale ($25.4 billion) and Princeton ($21.3 billion).
"This growing gap will pose increasing competitive challenges for institutions that do not have the resources to invest in facilities, financial aid and other strategic initiatives at the same level as their wealthier counterparts," wrote Pranav Sharma, the report's lead analyst.