Editing University of Michigan (section)

==== Endowment ====

The university's [[financial endowment]], known as the "University Endowment Fund", comprises over 12,400 individual funds.<ref name=budget-tutorial>{{cite web |title = GENERAL FUND BUDGET SNAPSHOT |website = publicaffairs.vpcomm.umich.edu |url = https://publicaffairs.vpcomm.umich.edu/key-issues/tuition/general-fund-budget-tutorial/ |access-date = February 2, 2024 }}</ref> Each fund must be spent according to the donor's specifications.<ref name=budget-tutorial/> Approximately 28% of the total endowment is allocated to support academic programs, while 22% is designated for student scholarships and fellowships.<ref name=budget-tutorial/> Approximately 19% of the endowment was allocated to Michigan Medicine and can only be used to support research, patient care, or other purposes specified by donors.<ref name=budget-tutorial/>

{{as of|2023}}, the university's endowment, valued at $17.9 billion, ranks as the tenth largest among all universities in the country.<ref name=2022-NTSE-Endowment>{{Cite web |title = U.S. and Canadian 2022 NTSE Participating Institutions Listed by Fiscal Year 2022 Endowment Market Value, Change in Market Value from FY21 to FY22, and FY22 Endowment Market Values Per Full-time Equivalent Student |publisher = National Association of College and University Business Officers (NACUBO) |url = https://www.nacubo.org/-/media/Nacubo/Documents/research/2022-NTSE-Endowment-Market-Values-FINAL.ashx |date = April 21, 2023 |access-date = February 2, 2024 |format = XLS }}</ref><ref>{{Cite web |last = Don Jordan |date = October 19, 2023 |title = Endowment generated 5.2% return in FY '23 |url = https://record.umich.edu/articles/endowment-generated-5-2-return-in-fy-23/ |url-status = live |archive-url = https://web.archive.org/web/20231129085243/https://record.umich.edu/articles/endowment-generated-5-2-return-in-fy-23/ |archive-date = November 29, 2023 |access-date = December 4, 2023 |website = The University Record }}</ref> The university ranks 86th in endowment per student.<ref name=2022-NTSE-Endowment/> The [[Michigan Law|law school]]'s endowment, totaling over $500 million, has a significantly higher per-student value compared to that of its parent university.<ref name="law_endowment">{{cite web |url = https://leiterlawschool.typepad.com/leiter/2022/05/per-student-value-of-law-school-endowments-2021.html |title = Per student value of law school endowments21.html |last = Leiter |first = Brain |date = May 3, 2022 |access-date = February 17, 2024 }}</ref> It ranks as the eighth wealthiest law school in the nation in 2022.<ref name="law_endowment"/>