| Rank | Name | State | 2015 | 2014 | Increase |
| 3 | The University of Texas System | TX | $ 24,083,150 | $ 25,425,922 | -5.3 % |
| 7 | The Texas A&M University System | TX | $ 10,477,102 | $ 11,103,880 | -5.6 % |
| 20 | Rice University | TX | $ 5,557,479 | $ 5,527,693 | 0.5 % |
| 23 | Vanderbilt University | TN | $ 4,133,542 | $ 4,086,040 | 1.2 % |
| 63 | Texas Christian University | TX | $ 1,514,296 | $ 1,442,518 | 5.0 % |
| 64 | Southern Methodist University | TX | $ 1,505,296 | $ 1,466,258 | 2.7 % |
| 75 | Trinity University | TX | $ 1,185,370 | $ 1,180,030 | 0.5 % |
| 76 | Texas Tech University System | TX | $ 1,178,300 | $ 1,195,363 | -1.4 % |
| 77 | Baylor University | TX | $ 1,168,242 | $ 1,153,626 | 1.3 % |
| 84 | The University of Tennessee | TN | $ 1,106,924 | $ 1,072,000 | 3.3 % |
| 87 | Baylor College of Medicine | TX | $ 1,095,326 | $ 1,021,458 | 7.2 % |
| 119 | University of Houston System | TX | $ 794,556 | $ 789,700 | 0.6 % |
| 213 | Abilene Christian University | TX | $ 379,858 | $ 374,971 | 1.3 % |
| 215 | The University of the South | TN | $ 377,822 | $ 374,302 | 0.9 % |
| 224 | Rhodes College | TN | $ 340,088 | $ 335,079 | 1.5 % |
| 270 | Southwestern University | TX | $ 255,955 | $ 265,591 | -3.6 % |
| 307 | The University of Memphis | TN | $ 199,443 | $ 200,750 | -0.7 % |
| 329 | St. Mary’s College of San Antonio | TX | $ 182,997 | $ 174,530 | 4.9 % |
| 350 | Texas State University | TX | $ 164,333 | $ 161,264 | 1.9 % |
| 372 | Hardin-Simmons University | TX | $ 146,169 | $ 139,972 | 4.4 % |
| 381 | Meharry Medical College | TN | $ 139,054 | $ 136,975 | 1.5 % |
| 384 | Austin College | TX | $ 134,746 | $ 135,769 | -0.8 % |
| 404 | University of the Incarnate Word | TX | $ 125,271 | $ 120,464 | 4.0 % |
| 407 | Austin Presbyterian Theological Seminary | TX | $ 122,062 | $ 120,371 | 1.4 % |
| 411 | University of Chattanooga Foundation | TN | $ 118,596 | $ 112,967 | 5.0 % |
| 421 | East Tennessee State University | TN | $ 113,292 | $ 115,078 | -1.6 % |
| 440 | Belmont University | TN | $ 102,380 | $ 99,679 | 2.7 % |
| 451 | Sam Houston State University | TX | $ 97,510 | $ 80,090 | 21.8 % |
| 465 | St. Edward’s University | TX | $ 92,856 | $ 93,343 | -0.5 % |
| 470 | Texas Lutheran University | TX | $ 89,986 | $ 92,582 | -2.8 % |
| 471 | Middle Tennessee State University | TN | $ 89,949 | $ 88,362 | 1.8 % |
| 492 | University of St. Thomas | TX | $ 84,891 | $ 86,159 | -1.5 % |
| 506 | Brite Divinity School | TX | $ 82,076 | $ 79,233 | 3.6 % |
| 520 | McMurry University | TX | $ 75,618 | $ 76,564 | -1.2 % |
| 532 | Lamar University Foundation | TX | $ 73,438 | $ 67,790 | 8.3 % |
| 534 | Tennessee Tech University | TN | $ 71,976 | $ 71,772 | 0.3 % |
| 543 | Lipscomb University | TN | $ 70,471 | $ 69,753 | 1.0 % |
| 568 | Schreiner University | TX | $ 62,946 | $ 61,696 | 2.0 % |
| 571 | Maryville College | TN | $ 62,622 | $ 58,053 | 7.9 % |
| 582 | Howard Payne University | TX | $ 58,890 | $ 61,254 | -3.9 % |
| 610 | Tennessee State University Foundation | TN | $ 51,416 | $ 50,492 | 1.8 % |
| 615 | Freed-Hardeman University | TN | $ 50,012 | $ 43,160 | 15.9 % |
| 620 | Texas Southern University | TX | $ 48,684 | $ 46,577 | 4.5 % |
| 643 | Texas Woman’s University | TX | $ 43,819 | $ N/A | N/A % |
| 688 | Parker University | TX | $ 34,187 | $ 31,534 | 8.4 % |
| 690 | Lamar University | TX | $ 33,388 | $ 33,259 | 0.4 % |
| 714 | Amarillo College Foundation | TX | $ 28,441 | $ 25,398 | 12.0 % |
| 757 | Fisk University | TN | $ 20,568 | $ 20,881 | -1.5 % |
| 775 | LeTourneau University | TX | $ 17,618 | $ 16,738 | 5.3 % |
| 792 | Mid-America Baptist Theological Seminary | TN | $ 13,523 | $ N/A | N/A % |
| 806 | Northeast State Community College | TN | $ 9,108 | $ 9,947 | -8.4 % |
| 808 | Pellissippi State Community College Foundation | TN | $ 8,661 | $ N/A | N/A % |
| 825 | Texas College | TX | $ 3,015 | $ 2,712 | 11.2 % |