[cardcrimson]

I've heard universities described as healthcare systems with a side-hustle in education.

https://www.politico.com/news/magazine/2...s-00133272

This article shows that at both UNC and Duke, the medical centers have grown to provide a larger share of revenue than the Universities.  In Stanford's most recent financial report (https://bondholder-information.stanford....report.pdf), 62% of Stanford's revenues in FY2023 came from Stanford Health, and the $415 million dollar surplus generated by Stanford Health made up for a $206 million loss from the University.

Since this is an athletics board, it is worth mentioning that Athletics doesn't merit its own line item in the financial statements, and gets lumped in with housing and dining services, the alumni association under "Auxiliary Services", which, combined, accounted for $722 million in expenses, out of a total university budget of $7.6 billion, and a total Stanford budget of $16 billion.

BC

Made me laugh out loud. Your cynicism is appreciated. I have to admit though, I contributed heavily to Stanford Health a couple of years ago. Wish it wasn't necessary, but they were the only game in town for what my daughter needed. . . .

[cardcrimson]

I've heard universities described as healthcare systems with a side-hustle in education.

https://www.politico.com/news/magazine/2...s-00133272

This article shows that at both UNC and Duke, the medical centers have grown to provide a larger share of revenue than the Universities.  In Stanford's most recent financial report (https://bondholder-information.stanford....report.pdf), 62% of Stanford's revenues in FY2023 came from Stanford Health, and the $415 million dollar surplus generated by Stanford Health made up for a $206 million loss from the University.

Since this is an athletics board, it is worth mentioning that Athletics doesn't merit its own line item in the financial statements, and gets lumped in with housing and dining services, the alumni association under "Auxiliary Services", which, combined, accounted for $722 million in expenses, out of a total university budget of $7.6 billion, and a total Stanford budget of $16 billion.

BC

Made me laugh out loud. Your cynicism is appreciated. I have to admit though, I contributed heavily to Stanford Health a couple of years ago. Wish it wasn't necessary, but they were the only game in town for what my daughter needed. . . .