05-24-2017, 12:34 PM
(05-24-2017, 10:40 AM)Langdude link Wrote:Any guesses on Stanford's situation? As a private university, they did not have to report numbers...
-m.
See page 107 - DAPER projects a $1.8M operating deficit for the 2016/17 fiscal year, and has a cumulative operating deficit of $8.7M. I'm not sure how much can be covered from other unrestricted reserves, or if they have any operating endowments. It looks like they went from recording a net $3.5M surplus in 2014/15 to net deficits last year and this year (proj.) Big drivers look to be jumps in costs for scholarships (all funded from endowments), compensation and "general services/supplies".
http://web.stanford.edu/dept/pres-provos...okFY17.pdf
They are getting $13-14M/year from the university which I suspect supports staff/operations/facilities dedicated to general recreational purposes (i.e. by all faculty, staff and non-varsity students).
