In 2013, Michigan's endowment was the eighth largest endowment in the U.S. and the third-largest among U.S public universities at that time; it has been the fastest growing endowment in the nation over the last 21 years.
With approximately 210 billion barrels of proven oil reserves, it has the world's second largest oil endowment, behind only Saudi Arabia.
"It's a matchless combination: a committed board, a passionate audience, a fine collection and an institution with the third-largest endowment in the country".
The decision on Monday will be significant because the institution's £291m endowment is the third largest for a UK university, after Oxford and Cambridge.
The Ford Foundation, America's second largest, has an endowment of $14billion, but its growth, like that of most philanthropical institutions, has come from asset appreciation over time.
Cambridge has the largest endowment of any British university, at £4.9 billion ($7.4 billion).
At Harvard, which has the country's largest endowment, its former manager made $2.3 million.
The university that had the largest endowment next to Princeton at the time was Drew University which had a $225 million endowment fund.
The University of Notre Dame has the largest endowment of all American Catholic schools, at $9.8 billion as of last year.
Overall, Meyer's endowment has seen annualized gains of 15.9% over the past ten years, second among the ten largest endowments in higher education.
