One factor to consider is not only a university’s own holdings, but easy access to museums elsewhere in the area. Cleveland’s MoA (mentioned above) is one example. Another is the Baltimore Museum of Art, adjacent to JHU, which also is pretty close to the Walters gallery and to one of the best art schools in the East (MICA). Harvard’s museums, besides being among the best university collections in their own right, are close to the MFA and other great collections in the Boston-Cambridge area.