12 Dec 2015 18:39 IST

Stanford's net assets increased by $1.7 bn in 2015

The university's endowment rose in value by 4 per cent over the past year to $22.2 bn

Stanford's financial position remains strong, as the University reported its financial results for fiscal year 2015, which ended Aug. 31, 2015. Consolidated net assets increased $1.7 bn (5 per cent), to end the year at $35.5 bn.

Consolidated results include the university, Stanford Health Care (SHC) and Lucile Salter Packard Children's Hospital at Stanford (LPCH), and other majority-owned or controlled entities of these organisations.

"The results benefited from solid investment performance, strong health care services revenues, and continued generous donor and community support," said Randy Livingston, Vice President for business affairs and Chief Financial Officer. "Despite these positive results, investment market volatility, pressure on federal sponsored research funding, high Bay Area housing costs and changes to the health care marketplace will continue to challenge us and remain on the forefront of our planning efforts."

Net assets of the university, excluding the hospitals, increased 4 per cent, to $30.4 bn. The university's endowment rose in value by 4 per cent over the past year to $22.2 bn. Payout from the endowment increased 7 per cent to $1.1 bn in FY2015 and funded 23 per cent of the university's expenses. Operating revenues were $5.0 bn, up $453 mn (10 per cent) over the prior year.

Read the whole report here

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