NIT championships and semifinal appearances
This is a list of NIT champions and semifinal appearances by school. Schools whose names are italicized are no longer in Division I, and can no longer be included in the tournament.
Total NIT championships
| Championships | School |
| 5 | St. John's* |
| 4 | Bradley |
| 3 | Dayton, Stanford |
| 2 | BYU, Kentucky, Michigan*, Minnesota*, Long Island, Ohio State, Penn State, Providence, South Carolina, Temple, Texas, Tulsa, Virginia, Virginia Tech, West Virginia |
| 1 | Baylor, California, CCNY, Colorado, Connecticut, DePaul, Duquesne, Fresno State, George Washington, Holy Cross, Indiana, La Salle, Louisville, Marquette, Maryland, Memphis, Nebraska, North Carolina, Princeton, Purdue, Saint Louis, San Francisco, Seton Hall, Southern Illinois, Southern Miss, St. Bonaventure, TCU, UCLA, Utah, Vanderbilt, Villanova, Wake Forest, Wichita State, Xavier |