U Of Texas Endowment Blows Past Yale, Challenges Harvard As Richest In Nation, Thanks To Oil Investments U Of Texas Endowment Blows Past Yale, Challenges Harvard As Richest In Nation, Thanks To Oil Investments While ivy league universities like Harvard are busy virtue signaling about how they won''t be including fossil fuel investments in their endowments, one university has been ignoring the ESG pressure - and has seen its endowment rise to the second largest in the nation as a result. In fact, not only is the University of Texas ignoring ESG guidelines in their investments, they actually "make about $6 million off a mineral-rich swath of land [they] manage in the US’s largest oil field," Bloomberg wrote this week . It leases the land to drillers, including ConocoPhillips, Continental Resources, and about 250 other oil companies, the report says. That land is set to post its best-ever annual revenue numbers this year as oil production soars. The incoming revenue is going to push the University of Texas'' monster $42.9 billion endowment closer to Harvard''s country-leading $53.2 billion. William Goetzmann, a professor of finance and management studies at Yale University’s School of Management, told Bloomberg: “The University of Texas has a cash windfall when everyone is looking at a potential cash crunch.