Barnard’s Financial Picture Alumnae Leadership Assembly October 25, 2013 Greg Brown, Chief Operating Officer Bret Silver, Vice President for Development
Growth in Operating Revenue and Expenses, Past 5 Years $180 $170
$166.9
$'s in Millions
$161.8
$160
$154.7
$157.3
$148.8
$150 $142.7
$140
$163.2
$144.4
$144.0
$139.2
$130 $120
$110 $100 2009
2010
2011
2012
Fiscal Year
Total Operating Revenue
Total Operating Expenses
2013
Gross Operating Revenue, Fiscal Year 2013 $166.9 Million Endowment Spending 6.0%
Other 0.8%
Private Gifts & Grants 8.6% Federal & State Grants 2.5%
Auxiliary Enterprises 20.0%
Gross Tuition & Fees 62.1%
Barnard College FY13 Development Fundraising Category Other Individual Giving (Restricted and Unrestricted) $8,825,578 36%
Annual Fund $4,951,473 20%
CGAs & Other Planned Gifts $1,785,617 7%
Realized Bequests $1,878,651 8%
Gifts By Type Restricted Endowment $6,322,384 28%
Unrestricted Endowment $11,755 Less than 1%
Unrestricted Expendable $7,212,524 31%
Restricted Expendable $9,440,946 41%
Gala $2,209,325 9%
Corporations and Foundations $2,329,080 9%
Diana Center Pledge Payments $2,793,500 11%
Donor Category Student $8,482 less than 1%
Trustee $2,283,118 11% Other $50,173 less than 1%
Excludes CGAs & Other Planned Gifts
(Excludes Diana Center Pledge Payments)
Alumnae $9,594,224 44%
Corporations and Foundations $2,459,321 11%
Parents $4,440,572 20% Friends & Spouses $3,143,835 14%
Barnard College FY13 Development Program Support Restricted Expendable Capital $3,030,214 32%
Scholarship $3,236,639 34% Faculty $559,772 6%
Academic Programs $861,408 9%
Internships $215,606 3%
Athena Leadership Center $865,356 Other* 9% $671,890 7%
*Includes $157k Toddler Center, $150k Global Initiatives, $275k To Be Designated and other Misc. designations
Endowment Scholarship $2,957,028 47% Faculty $2,708,237 43% Academic Programs Other $374,638 $119,600 6% 2% Internship $162,881 2% Excludes CGAs & Other Planned Gifts
Annual Giving Statistics Annual Fund FY13 Dollars by Campaign Type Online $626,399 13% White Mail* $1,593,530 32%
Direct Mail $2,050,969 41%
Other** $449,928 9% Telemarketing*** $230,648 5%
*Includes all gifts that cannot be tracked to a specific campaign
**Consists of small campaigns, e.g. Reunion, Senior Fund
Annual Fund Dollars By Source Parents $600,500 12% Total Alumnae $4,089,162 83%
***All forms of calling, including volunteer and vendor calling
Other $143,756 3% Friends & Spouses $118,056 2%
Gross Operating Expenses, Fiscal Year 2013 $163.2 Million Auxiliary Enterprises 19.4% Instruction 31.7% Institutional Support 16.0%
Student Services 5.8%
Academic Administration 5.2%
Financial Aid 18.7% Public Service 0.6%
Research 2.4%
Barnard Cost of Attendance, 10 Year History Academic Year 2013-14
Total Cost $ % Inc. 59,000 2.9%
2012-13
57,312
3.1%
2011-12
55,567
3.9%
2010-11
53,496
5.0%
2009-10
50,970
3.0%
2008-09
49,464
5.8%
2007-08
46,736
5.1%
2006-07
44,470
6.4%
2005-06
41,802
6.8%
2004-05
39,140
5.5%
Percentage of Students on Financial Aid, 5-Yr History 60%
50%
40% % undergrads rec. aid from Barnard 30% % undergrads rec. some form of FA 20%
10%
0% 2010
2011
2012 Academic Year
2013
2014
Barnard College – FY 2013 Sources of Financial Aid ($33.7 Million)
Endowment Income, 16%
Another Women’s College – FY 2012 Sources of Financial Aid
Endowment Income, 52%
Operating Budget & Gifts, 41%
Other Outside Sources, 2% Federal & State Gov't, 11%
Operating Budget & Gifts, 71%
Other Outside Sources, 1%
Federal & State Gov't, 5%
Endowment
Endowment Market Value, 6/30/04 - 6/30/13
$300 $240.7
$'s in Millions
$250 $205.0
$215.5
$212.1
$200 $171.1 $150
$142.4
$152.6
$184.0 $164.7
$100
$50
$0
Year ended June 30
$213.5
Comparative Endowment Returns as of June 30, 2013
16.0% 14.3% 14.0%
13.1% 11.8%
Performance
12.0%
11.2%
10.0%
9.0% 8.8% 8.8%
8.0%
7.9%
7.4%
7.2% 5.5%
6.0%
4.8%
4.0% 2.0% 0.0% 1 Year
3 Years
5 Years
10 Years
Time Period Barnard College
"Peer Group" Mean
Spending Plus Inflation
Components of Endowment Change, 2004 - 2013, Net of Spending 40.0 30.0 20.0
$'s in Millions
10.0 Performance Less Spending New Gifts
(10.0) (20.0) (30.0) (40.0) (50.0) (60.0) Year ended June 30
Questions?