• Total operating revenue exceeded $372.6 million. Total operating expenses decreased to $338.4 million, generating an operating surplus of approximatley $34.2 million. Net assets grew 8.8 percent to $353.4 million from $324.7 million over the previous year. • Our endowment’s fair market value was recorded at $138.5 million on August 31, 2016. This total represents an increase of 81.3 percent from the same date in 2010, and puts the University on pace to exceed our goal of a $200 million endowment by 2020. • A $5 million commitment from T. Denny Sanford will anchor the LIU T. Denny Sanford Innovation and Entrepreneurship Institute at Bush Brown Hall, a bold initiative that will serve as a springboard to the most inventive students and alumni of the University and high-tech companies.
2016 Revenues* $372.6 Million
FY 2016 Revenues - $371 million
88%
Tuition and fees (net of scholarships)
• LIU received a $100,000 grant from The Hearst Foundations in support of a cohort of five STEM Scholars who will each receive four years of critical scholarship funding. • A $1.25 million gift from Judith Picarelli will be used to establish the Alfred F. Picarelli ’76 Endowed Scholarship Fund at LIU Post. Named after Ms. Picarelli’s late husband, an LIU Post alumnus, the Fund will award annual merit scholarships of $25,000 to two or more high-achieving, need-based incoming freshman students who are participating in the Honors College. • A transformative $1 million gift from the family of Charles Zegar ’71 through the Zegar Family Foundation will elevate the profile of the LIU Brooklyn student population by providing critical scholarship support for 40 high-achieving students from selective local high schools. • A $100,000 grant from the Coca-Cola Foundation will provide critical four-year scholarship support to a cohort of five low-income freshmen FY 2016 Revenues - $371 million matriculating at LIU Brooklyn. • $1 million pledge from Sean Lee ’13 to establish the Lee Scholars Program at LIU Post. Structured as an expendable account, the 88% Program will award merit scholarships to incoming freshman Tuition and fees (net of scholarships) students who are participating in the Honors College, allowing LIU Post to recruit a number of high-achieving students as soon as Spring 2018. • The Pinkerton Foundation has also provided a $75,000 grant in support of the LIU Brooklyn Early College Scholars Program, which provides intensive academic support and mentorship to a select group of local Auxiliary sales high school students earning college 4% credits. 7% •
& services Gifts, grants The School of Health Professions at LIU Brooklyn was awarded a & other sources
1%
prestigious President’s Grant from the Josiah Macy Jr. Foundation Investment return for operations to further develop workshops, teaching modules, and curriculum for interprofessional education.
• LIU has also received a grant from the Long Island Community Trust in support of the Tilles Center Arts Education Program, with a focus on expanding the program’s reach.
Auxiliary sales
7% & services
4%
Gifts, grants & other sources
1%
Investment return for operations
2016 Expenses* $338.4 Million
FY 2016 Expenses- $341 million
27%
General expenses
19%
49%
Salaries & wages
Fringe benefits
4% Depreciation 1% Interest
*Fiscal year ended August 31, 2016
2016 YEAR IN REVIEW | LIU MAGAZINE
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