UNIVERSITY FINANCES

The 1994-95 operating budget was approximately $189 million.

SOURCES OF OPERATING REVENUE


A Endowment Income . . . . . . . . . . . . . . . . . . .33%
B Tuition and Fees . . . . . . . . . . . . . . . . . . .24%
C Government Grants and Contracts. . . . . . . . . . . .19%
D Other Income*. . . . . . . . . . . . . . . . . . . . .15%
E Gifts and Bequests . . . . . . . . . . . . . . . . . . 6%
F Private Grants and Contracts . . . . . . . . . . . . . 3%

*Auxiliary Enterprises (12%) and Departmental Sales Services (3%)

ALLOCATION OF OPERATING EXPENSES


A Instruction and Departmental Research . . . . . . . . 36%
B Auxiliary Enterprises and Other Programs* . . . . . . 16%
C Sponsored Research. . . . . . . . . . . . . . . . . . 15%
D General Administration and Plant Operation. . . . . . 13%
E Scholarships and Fellowships. . . . . . . . . . . . . 11%
F Library . . . . . . . . . . . . . . . . . . . . . . . .5%
G Institutional Development . . . . . . . . . . . . . . .4%

*Includes Student Services (2%) and Sponsored Programs (2%)

FY94 ENDOWMENT COMPARISONS
Among U.S. Private, Research Universities (in millions)
1.  Harvard      $6,201     6.  M. I. T.        1,778
2.  Yale          3,529     7.  Washington      1,738
3.  Princeton     3,447     8.  Emory           1,691
4.  Stanford      2,751     9.  Pennsylvania    1,464
5.  Columbia      1,918    10.  Rice            1,279


Per FTE Student
1.  Princeton      $532,081     6.  Stanford     210,545
2.  Harvard         344,627     7.  M. I. T.     185,533
3.  Yale            327,244     8.  Emory        178,318
4.  Rice            305,137     9.  Washington   176,711
5.  C. I. T.        301,505     10.  Chicago      118,718

Table of Contents