Boarding School Review - Established 2003
Culver Academies
Deerfield Academy
Mercersburg Academy

Highest Endowment Per Student

Among "Schools with 400+ Students", view the boarding schools with the Endowment per student (2026).
Boarding schools that have larger students bodies or older histories are more likely to have a larger endowment per student figure than other schools (since they have had more alumni over the years to donate funds).
Schools with a lower endowment per student figure still often have excellent facilities and resources for students, but simply have not yet had the time or alumni base to build up endowments equivalent to older, larger schools.
Culver Academies
Deerfield Academy
Mercersburg Academy
Middlesex School
Phillips Academy Andover
St. Paul's School
Berkshire School
Blair Academy
Choate Rosemary Hall
Episcopal High School
Lawrenceville School
Loomis Chaffee
Milton Academy
The Taft School
Cranbrook Schools
The Hill School
Northfield Mount Hermon
Western Reserve Academy
Baylor School
End. / Student Range: $14,586M $1,386,194M Avg. End. / Student: $214,357M

Highest Endowment Per Student

Among Schools with 400+ Students (out of 61 schools)

Sorted by range (alphabetically within range)
Boarding School
End. / Student
Grades
Location
Rank: #1-91.-9
Culver Academies
Culver Academies Photo - An aerial view of Memorial Chapel and Lake Maxinkuckee. Situated on 1,800 acres of green hills and pristine woodlands, Culver's storied campus is home to three distinct leadership-development experiences: Culver Military Academy, Culver Girls Academy, and Culver Summer Schools and Camps.
(21)
End. / Student: > $600,000
Grades: 9-12
1300 Academy Road
Culver, IN 46511
(574) 842-7100
Rank: #1-91.-9
Deerfield Academy
Deerfield Academy Photo
(14)
End. / Student: > $600,000
Grades: 9-12, PG
7 Boyden Lane
Deerfield, MA 01342
(413) 774-1400
Rank: #1-91.-9
Mercersburg Academy
Mercersburg Academy Photo
(20)
End. / Student: > $600,000
Grades: 9-12, PG
100 Academy Drive
Mercersburg, PA 17236
(717) 328-6173
Rank: #1-91.-9
Middlesex School
Middlesex School Photo - English Class
(non-sectarian)
(29)
End. / Student: > $600,000
Grades: 9-12
1400 Lowell Road
Concord, MA 01742
(978) 371-6524
Rank: #1-91.-9
Phillips Academy Andover
Phillips Academy Andover Photo - The quintessential New England campus is 21 miles to Boston by car or train, and a 10 minute walk to downtown Andover.
(16)
End. / Student: > $600,000
Grades: 9-12, PG
180 Main Street
Andover, MA 01810
(978) 749-4050
Rank: #1-91.-9
St. Paul's School
St. Paul's School Photo - SPS 1
(Episcopal tradition)
(3)
End. / Student: > $600,000
Grades: 9-12
325 Pleasant Street
Concord, NH 03301
(603) 229-4700
Rank: #7-177.-17
Berkshire School
Berkshire School Photo - Founded in 1907, Berkshire School is a coed college preparatory boarding and day school for 400 ninth-12th graders and post-graduates, offering a forward-thinking curriculum and state-of-the-art facilities on a 400-acre campus in Sheffield, Mass.
(17)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
245 North Undermountain Road
Sheffield, MA 01257
(413) 229-1003
Rank: #7-177.-17
Blair Academy
Blair Academy Photo
(9)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
2 Park St
Blairstown, NJ 07825
(908) 362-2009
Rank: #7-177.-17
Choate Rosemary Hall
Choate Rosemary Hall Photo
(30)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
333 Christian Street
Wallingford, CT 06492
(203) 697-2239
Rank: #7-177.-17
Episcopal High School
Episcopal High School Photo - Football
(Episcopal)
(12)
End. / Student: $300,000-$600,000
Grades: 9-12
1200 N. Quaker Lane
Alexandria, VA 22302
(703) 933-4062
Rank: #7-177.-17
Lawrenceville School
Lawrenceville School Photo - The Lawrenceville School: Campus Overview (Note Solar Farm at top of photo, which provides more than 90 percent of the campus' electrical needs)
(6)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
2500 Main Street
Lawrenceville, NJ 08648
(609) 895-2030
Rank: #7-177.-17
Loomis Chaffee
Loomis Chaffee Photo - Loomis` beautiful 300-acre campus is located at the confluence of the Farmington and Connecticut rivers in Windsor, Connecticut. Affectionately referred to as the Island, Loomis is within walking distance of the town`s center, Amtrak train station, and other areas of interest.
(30)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
4 Batchelder Road
Windsor, CT 06095
(860) 687-6400
Rank: #7-177.-17
Milton Academy
Milton Academy Photo - Milton Academy is only eight miles from Boston's museums, schools and attractions, but it has the benefits of a 130-acre New England campus-with green quads and lots of fall foliage.
(8)
End. / Student: $300,000-$600,000
Grades: 9-12  | K-12 (day)
170 Centre Street
Milton, MA 02186
(617) 898-2227
Rank: #7-177.-17
The Taft School
The Taft School Photo - Our beautiful campus features facilities that rival those of many small colleges, including a library with 55,000 print volumes; a 45,000 square foot science and mathematics building; two theaters; two ice hockey rinks; and an 18-hole golf course.
(3)
End. / Student: $300,000-$600,000
Grades: 9-12, PG
110 Woodbury Road
Watertown, CT 06795
(860) 945-7700
Rank: #15-2215.-22
Cranbrook Schools
Cranbrook Schools Photo
(10)
End. / Student: $200,000-$300,000
Grades: 9-12  | PK-12 (day)
PO Box 801 39221 Woodward Ave.
Bloomfield Hills, MI 48303
(248) 645-3610
Rank: #15-2215.-22
Hill School
Hill School Photo - The Hill School sets a high standard for students in their dress and appearance to express pride in themselves and their respect for one another. Academic Dress is worn throughout the academic day whenever students are in an academic or public area, chapel services, sit-down meals, required evening performance, or any other designated occasion.
(8)
End. / Student: $200,000-$300,000
Grades: 9-12, PG
860 Beech Street
Pottstown, PA 19464
(610) 326-1000
Rank: #15-2215.-22
Northfield Mount Hermon
Northfield Mount Hermon Photo - NMH is a coed boarding school serving 650 students in grades 9-12. We also offer a postgraduate year. Our wooded campus borders the Connecticut River in western Massachusetts, and in this beautiful setting, we challenge young people to think hard, work hard, discover new talents, and hone the ones they already possess.
(secular)
(14)
End. / Student: $200,000-$300,000
Grades: 9-12, PG
One Lamplighter Way
Mount Hermon, MA 01354
(413) 498-3227
Rank: #15-2215.-22
Western Reserve Academy
(non-sectarian)
End. / Student: $200,000-$300,000
Grades: 9-12, PG
115 College Street
Hudson, OH 44236
(330) 650-9717
Rank: #19-3519.-35
Avon Old Farms School
All-Boys
(6)
End. / Student: $100,000-$200,000
Grades: 9-12, PG
500 Old Farms Road
Avon, CT 06001
(800) 464-2866
Rank: #19-3519.-35
Baylor School
Baylor School Photo - Baylor School is situated on 690 acres along the Tennessee River.
(4)
End. / Student: $100,000-$200,000
Grades: 9-12  | 6-12 (day)
171 Baylor School Road
Chattanooga, TN 37405
(423) 267-5902
Rank: #19-3519.-35
Dana Hall School
Dana Hall School Photo - The Dana Hall Dragons are ready to roar.
All-Girls
(6)
End. / Student: $100,000-$200,000
Grades: 9-12  | 5-12 (day)
45 Dana Road
Wellesley, MA 02482
(781) 489-1331
Rank: #19-3519.-35
Fay School
Fay School Photo - Fay School is an independent, co-educational school 25 miles from Boston serving students in kindergarten through grade 9, with boarding available for grades 7-9. Our school is a place of discovery, challenge, collaboration, and growth - a closely-knit learning community where our skillful, dedicated faculty inspires students to achieve excellence in all pursuits.
(1)
End. / Student: $100,000-$200,000
Grades: 7-9  | K-9 (day)
48 Main Street
Southborough, MA 01772
(508) 490-8201
Rank: #19-3519.-35
The Governor's Academy (formerly Governor Dummer Academy)
The Governor's Academy (formerly Governor Dummer Academy) Photo - Beautiful Setting: A 456-acre campus with extensive facilities for academics, athletics, and visual and performing arts.
(8)
End. / Student: $100,000-$200,000
Grades: 9-12
1 Elm Street
Byfield, MA 01922
(978) 499-3120
Rank: #19-3519.-35
Interlochen Arts Academy
Interlochen Arts Academy Photo - Music students study in the state-of-the-art Music Center, which features two large ensemble rehearsal halls, nine ensemble rooms, 25 teaching studios, a recording studio, and more.
End. / Student: $100,000-$200,000
Grades: 9-12, PG
4000 J Maddy Pkwy
Interlochen, MI 49643
(231) 276-7472
Rank: #19-3519.-35
Lake Forest Academy
Lake Forest Academy Photo - Lake Forest Academy's 435 students are from 15 states and 35 countries. LFA is commited to diversity and inclusion; our student body includes 25% international students, 34% domestic students of color, and 33% of students receive financial aid.
(2)
End. / Student: $100,000-$200,000
Grades: 9-12, PG
1500 West Kennedy Road
Lake Forest, IL 60045
(847) 615-3267
Rank: #19-3519.-35
McCallie School
McCallie School Photo - The College Counseling office works with our students to help them find the best college fit for them and to make sure they are best prepared for the application and the financial aid processes.
All-Boys (Christian)
(3)
End. / Student: $100,000-$200,000
Grades: 9-12, PG  | 6-12, PG (day)
500 Dodds Avenue
Chattanooga, TN 37404
(423) 624-8300
Rank: #19-3519.-35
Rabun Gap-Nacoochee School
Rabun Gap-Nacoochee School Photo
(Presbyterian)
(1)
End. / Student: $100,000-$200,000
Grades: 7-12  | PK-12 (day)
339 Nacoochee Drive
Rabun Gap, GA 30568
(706) 746-7720
Rank: #19-3519.-35
Shady Side Academy
Shady Side Academy Photo - Rowe Hall is the Senior School's main academic building residing at the heart of its 130 acre campus which feels like a small college. The campus also includes 2 dormitories, dedicated buildings for the visual and performing arts, an extensive athletic complex and ice rink, and in 2018 the McIlroy Center for Science and Innovation.
(1)
End. / Student: $100,000-$200,000
Grades: 9-12  | PK-12 (day)
423 Fox Chapel Road
Pittsburgh, PA 15238
(412) 968-3180
Rank: #19-3519.-35
Worcester Academy
Worcester Academy Photo - With over 180 courses, 45 honors and Advanced Placement (AP) courses and an immersive middle school curriculum, you are sure to find a course of instruction that excites you.
(1)
End. / Student: $100,000-$200,000
Grades: 9-12, PG  | 6-12, PG (day)
81 Providence Street
Worcester, MA 01604
(508) 459-5481
Rank: #19-3519.-35
Wyoming Seminary Upper School
Wyoming Seminary Upper School Photo - Wyoming Seminary's athletic success stretches across all three seasons of competition. The Blue Knights field hockey team won their seventh state championship in 2018, while the wrestling team is ranked No. 2 in the country. Sem offers 22 varsity sports, including rowing and girls wrestling.
(5)
End. / Student: $100,000-$200,000
Grades: 9-12, PG
201 N. Sprague Ave.
Kingston, PA 18704
(570) 270-2160
Rank: #31-4731.-47
Fryeburg Academy
Fryeburg Academy Photo
(1)
End. / Student: $50,000-$100,000
Grades: 9-12, PG
745 Main Street
Fryeburg, ME 04037
(207) 935-2013
Rank: #31-4731.-47
Garrison Forest School
Garrison Forest School Photo - One of the entrances to Garrison Forest School.
All-Girls
End. / Student: $50,000-$100,000
Grades: 8-12  | PK-12 (day)
300 Garrison Forest Road
Owings Mills, MD 21117
(410) 559-3111
Rank: #31-4731.-47
Iolani School
Iolani School Photo
(The Episcopal Church)
End. / Student: $50,000-$100,000
Grades: 9-12  | K-12 (day)
563 Kamoku Street
Honolulu, HI 96826
(808) 943-2379
Rank: #31-4731.-47
Lawrence Academy
Lawrence Academy Photo
(1)
End. / Student: $50,000-$100,000
Grades: 9-12
26 Powderhouse Road, P.O. Box 992
Groton, MA 01450
(978) 448-1530
Rank: #31-4731.-47
The Linsly School
The Linsly School Photo - Linsly's lower school (grades 5-8) program of studies emphasizes the mastery of fundamental concepts through innovative cross-curricular programs and regimented learning, all of which are designed to prepare students for college preparatory curriculum of the upper school (grades 9-12).
End. / Student: $50,000-$100,000
Grades: 7-12  | 5-12 (day)
60 Knox Lane
Wheeling, WV 26003
(304) 233-1436
Rank: #31-4731.-47
New Mexico Military Institute
New Mexico Military Institute Photo - Cadets forge lifelong friendships at NMMI.
(7)
End. / Student: $50,000-$100,000
Grades: 9-12, PG
101 West College Blvd
Roswell, NM 88201
(800) 421-5376
Rank: #31-4731.-47
Stevenson School
Stevenson School Photo
(11)
End. / Student: $50,000-$100,000
Grades: 9-12  | PK-12 (day)
3152 Forest Lake Road
Pebble Beach, CA 93953
(831) 625-8309
Rank: #31-4731.-47
Tallulah Falls School
Tallulah Falls School Photo - AFFORDING TALLULAH FALLS SCHOOL Each year, Tallulah Falls School awards more than $4 million in need-based financial aid to 70 percent of our student body.
(2)
End. / Student: $50,000-$100,000
Grades: 7-12  | 4-12 (day)
201 Campus Drive, PO Box 10
Tallulah Falls, GA 30573
(706) 754-0400
Rank: #31-4731.-47
Trinity College School
Trinity College School Photo
(established in the Anglican tradition)
End. / Student: $50,000-$100,000
Grades: 9-12  | 5-12 (day)
55 Deblaquire St N.
Port Hope, Canada L1A4K7
(905) 885-3209
Rank: #31-4731.-47
The Webb Schools
The Webb Schools Photo - Webb enjoys a 100% admit rate to selective 4-year colleges and universities.
(29)
End. / Student: $50,000-$100,000
Grades: 9-12
1175 West Baseline Road
Claremont, CA 91711
(909) 482-5214
Rank: #41-7441.-74
Ashbury College
Ashbury College Photo - Founded in 1891, Ashbury College is a proud international school in the heart of Canada's capital.
(4)
End. / Student: < $50,000
Grades: 9-12  | 4-12 (day)
362 Mariposa Avenue
Ottawa, Canada K1M 0T3
(613) 749-9630
Rank: #41-7441.-74
The Athenian School
The Athenian School Photo
(1)
End. / Student: < $50,000
Grades: 9-12  | 6-12 (day)
2100 Mt. Diablo Scenic Blvd.
Danville, CA 94506
(925) 362-7223
Rank: #41-7441.-74
The Bolles School
End. / Student: < $50,000
Grades: 9-12, PG  | PK-12, PG (day)
7400 San Jose Blvd.
Jacksonville, FL 32217
(904) 256-5030
Rank: #41-7441.-74
Branksome Hall
Branksome Hall Photo
All-Girls
End. / Student: < $50,000
Grades: 7-12  | PK-12 (day)
10 Elm Avenue
Toronto, Canada m4w 1n4
(416) 920-9741
Rank: #41-7441.-74
Brentwood College School
Brentwood College School Photo - Crooks Hall, our oceanfront dining room and student services centre, is designed to be a warm, welcoming, west coast style facility, which is student friendly and environmentally responsible.For students, it is a one-stop social experience and the heart of campus where everyone can eat, relax, socialize, buy school supplies, pick up laundry, and host meetings.
(1)
End. / Student: < $50,000
Grades: 9-12, PG  | 8-12, PG (day)
2735 Mt. Baker Road
Mill Bay, BC V8H 1K8, Canada 1
(250) 743-5521
Rank: #41-7441.-74
Chaminade College Preparatory School
Chaminade College Preparatory School Photo - Chaminade is located 20 minutes outside of Downtown St. Louis in the lovely, safe, green neighborhood of Creve Coeur. Our 55 acre campus is fun and lively throughout the school year and a wonderful place not only to study and play but also to become part of the family.
All-Boys (Catholic)
End. / Student: < $50,000
Grades: 6-12
425 South Lindbergh Blvd.
St. Louis, MO 63131
(314) 692-6645
Rank: #41-7441.-74
Darlington School
Darlington School Photo - Darlington's expansive curriculum includes unique offerings such as Robotics, which is supported by a MakerSpace.
(11)
End. / Student: < $50,000
Grades: 9-12, PG  | PK-12, PG (day)
1014 Cave Spring Road, SW
Rome, GA 30161
(706) 236-0436
Rank: #41-7441.-74
Foxcroft Academy
Foxcroft Academy Photo - www.foxcroftacademy.org or follow us on Twitter @foxcroftacademy
(1)
End. / Student: < $50,000
Grades: 9-12, PG
975 West Main Street
Dover Foxcroft, ME 04426
(207) 564-8664
Rank: #41-7441.-74
Georgetown Preparatory School
Georgetown Preparatory School Photo - Georgetown Prep`s excellent faculty includes 62 instructors. With an average tenure of 13 years at Prep, the faculty ranges from veterans with more than 50 years of service to those beginning their teaching careers. Of the 62 full-time instructors, 86% hold an advanced degree.
All-Boys (Catholic)
(3)
End. / Student: < $50,000
Grades: 9-12
10900 Rockville Pike
North Bethesda, MD 20852
(301) 214-1215
Rank: #41-7441.-74
The Hun School of Princeton
(1)
End. / Student: < $50,000
Grades: 9-12, PG  | 6-12, PG (day)
176 Edgerstoune Road
Princeton, NJ 08540
(609) 921-7600
Rank: #41-7441.-74
Landmark School
Landmark School Photo - Beautiful Coastal Campus
(2)
End. / Student: < $50,000
Grades: 9-12  | 2-12 (day)
429 Hale Street
Prides Crossing, MA 01965
(978) 236-3000
Rank: #41-7441.-74
Lyndon Institute
Lyndon Institute Photo
End. / Student: < $50,000
Grades: 9-12, PG
PO Box 127, 168 Institute Circle
Lyndon Center, VT 05850
(802) 535-3700
Rank: #41-7441.-74
Oregon Episcopal School
Oregon Episcopal School Photo - Since 1869, our mission has been to inspire intellectual, physical, social, emotional, artistic, and spiritual growth so that students realize their power for good as citizens of local and world communities.
(Episcopal)
End. / Student: < $50,000
Grades: 9-12, PG  | PK-12, PG (day)
6300 SW Nicol Road
Portland, OR 97223
(503) 768-3115
Rank: #41-7441.-74
Saint Andrew's School
Saint Andrew's School Photo
(Episcopal tradition)
(3)
End. / Student: < $50,000
Grades: 9-12
3900 Jog Road
Boca Raton, FL 33434
(561) 210-2020
Rank: #41-7441.-74
St. Anne's-Belfield School
St. Anne's-Belfield School Photo
(nondenominational)
End. / Student: < $50,000
Grades: 9-12  | PK-12 (day)
2132 Ivy Road
Charlottesville, VA 22903
(434) 296-5106
Rank: #41-7441.-74
St. George's School, Vancouver
St. George's School, Vancouver Photo - St. George's School, Vancouver is an all-boys university preparatory school in Canada. The school offers a Canadian curriculum containing 100+ courses and 26 Advanced Placement subjects.
All-Boys (Anglican tradition)
End. / Student: < $50,000
Grades: 8-12  | K-12 (day)
4175 West 29th Avenue
Vancouver, BC, Canada V6S1V1
(604) 221-3890
Rank: #41-7441.-74
St. Johnsbury Academy
St. Johnsbury Academy Photo - One of the most beautiful campuses in America, in one of the most beautiful states.
(3)
End. / Student: < $50,000
Grades: 9-12, PG
1000 Main Street, PO Box 906
St. Johnsbury, VT 05819
(802) 751-2130
Rank: #41-7441.-74
St. Stephen's Episcopal School
St. Stephen's Episcopal School Photo
(Episcopal)
(1)
End. / Student: < $50,000
Grades: 8-12  | 6-12 (day)
6500 St. Stephen's Drive
Austin, TX 78746
(512) 327-1213
Rank: #41-7441.-74
Shawnigan Lake School
(2)
End. / Student: < $50,000
Grades: 8-12
1975 Renfrew Road
Shawnigan Lake, BC, Canada V0R2W1
(250) 743-6207
Rank: #41-7441.-74
Sun Valley Community School
End. / Student: < $50,000
Grades: 9-12  | PK-12 (day)
1 Community School Drive
Sun Valley, ID 83353
(208) 622-3960
Rank: #41-7441.-74
Wisconsin Lutheran High School
Wisconsin Lutheran High School Photo - Wisconsin Lutheran High School's graduates are accepted to the nation's most prestigious schools, including Harvard College, Vanderbilt University, University of Pennsylvania, University of Virginia, University of Michigan, New York University, Boston College, Villanova University, University of Miami, Purdue University, Rutgers University, University of Wisconsin-Madison and the University of Chicago
(Wisconsin Evangelical Lutheran Synod)
(2)
End. / Student: < $50,000
Grades: 9-12
330 N. Glenview Avenue
Milwaukee, WI 53213
(414) 453-4567

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