Leadership Assembly 2013 Financial Picture Presentation

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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


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