Honors Program Theses


Open Access Honors Program Thesis

First Advisor

Mark Ecker


The purpose of this study was to discover which, if any, institutional characteristics had a significant impact upon a university's endowment size. This study further explored whether the success of a university's athletic program had an impact on endowment size. The results from the study indicated two variables, operating revenues and student selectivity, were significant at a 99 percent confidence level; and, two additional variables, appropriations and a binary research university variable, were significant at a 95 percent confidence level. The results indicated that an additional one million dollars in total operating revenues and appropriations would decrease the endowment size by 0.01 percent and 0.20 percent, respectively; for each student selectivity point gained by a less selective school, the endowment would decrease by 2.24 percent; and, a research university will have an endowment that is 61.33%. An analysis of covariance further showed that universities that performed well athletically did not have a significantly different endowment.

Year of Submission



Department of Mathematics

University Honors Designation

A thesis submitted in partial fulfillment of the requirements for the designation University Honors


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Date Original


Object Description

1 PDF file (36 pages)