2016 Financial Report
2016 Financial Report
Hofstra’s financial strength reflects increased fundraising activities, strong endowment growth, strengthened operating margins, and enhanced control over expenses, particularly relating to health care and post-retirement benefits. Financial resources have increased by 159 percent during the last 10 years, and Hofstra continues to enjoy debt ratings in the A category from both Moody’s and Standard & Poors.
c Components of Revenue 2015-2016
Net Tuition & Fees 68.1%
Sales & Services of Educ. Depts. 0.7% Shared Services 1.5% Other Sources 2.0% Contributions 6.7% Government Grants & Contracts 2.6% Return – Operations 1.0%
Auxiliary Enterprises 10.8% Return – Endowment Available Return – for Spending 4.3% Endowment Other 2.3%
Components of Expenditures 2015-2016 v
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Auxiliary Enterprises 11.7%
Student Services 13.7%
Other Institutional Support 0.6%
Technology & Executive Office 0.8% Telecommunications 3.7% Legal & Human Resources 0.7% Public Safety 2.3% Insurance 1.4% Public Relations 2.4% Development 1.3% Finance & Audit 1.9%
Total Institutional Support 15.1%
Scholarships 57.3%
August 31, 2016
Other – True Endowment 2.6% Other – Quasi Endowment 4.0% Medical School Support* 1.7% Centers & Lectures 3.6% Endowed Professorships 3.5% Law School Support* 4.0%
*Excludes endowments specifically designated for scholarships, chairs and professorships.
Hofstra
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300
200 150
50 0
Fall 2000
Fall 2016
Average SAT score* (first-year students)
1061
1166
Average high school GPA (first-time, first-year)
2.80
3.61
Top 10% high school class (first-time, first-year)
12%
27%
Selectivity (acceptance rate as percentage of all applicants)
80%
62%
First-year students from outside NYS
32%
49%
*Critical Reading and Math
100
STUDENT TESTIMONIALS 1935
1974
1984
1994
2000 2004
2016
c Endowment Market Value Awards 0.6%
Facilities 17.7%
350
250
Endowed Chairs 5.0%
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The University continues to make the growth of tuition scholarships a top priority. During the past 10 years, the University has increased scholarship funding by 186 percent to approximately $126 million. The increase in scholarships is reflected in the changing makeup of the student body:
450
Academic Support 6.4%
v Alumni support is measured by U.S. News & World Report and has a direct impact on the University’s ranking. Participation is critical. Our goal is to increase alumni participation each year. v Hofstra remains a university largely reliant on tuition. Your support and the growth of our endowment allow Hofstra to undertake new initiatives to maintain its excellent reputation. v Your gift provides for student scholarships, faculty support and program initiatives, and overall operations at Hofstra. v Your investment in Hofstra will allow the University to reach its annual and long-term goals.
ofstra University endowment investments grew H to $445 million by 2016, increasing by 348 percent since 2000. The University’s fundraising goals are aimed at providing enhanced scholarship funding to better compete with institutions with significantly larger endowments. 500
Research 0.8%
Here’s why:
Tuition Scholarships and Fellowships
Millions of Dollars
Instruction 49.0%
Public Service 3.3%
Hofstra University relies on the generosity and philanthropic support of alumni and friends. This investment in the University is critical to Hofstra’s long-term success.
Growth of Endowment in Support of Scholarships
I’m very grateful for the scholarships I received while attending Hofstra because they reduced the financial burden as I pursued my passion — journalism. The scholarships also provided me with reassurance and opportunity. Reassurance because I could continue my education at Hofstra with the help of the scholarship and opportunity to learn and grow, so I can now accomplish my dreams.
The scholarships I received allowed me to pursue my dreams in an environment that has so many opportunities. Being a project manager for our student-run record label matched with studying markets — understanding supply and demand — and gave me the tools I needed to navigate the entertainment industry. — Briana Smith ’17
— Ekow Nana-Kweson ‘17 Hofstra
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