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In 2019–20, Stanford is a $6.8 billion enterprise. This figure represents the university’s consolidated budget for operations, a compilation of all annual operating and restricted budgets that support teaching, scholarship and research, including the budgets of all schools and administrative areas and the SLAC National Accelerator Laboratory. It does not include the $0.9 billion capital budget and excludes the budget for Stanford Health Care and Lucile Packard Children’s Hospital.

Sources of Funds for FY 2019-20

Sponsored research17%
Endowment income20%
Other investment income4%
Student income15%
Health care services21%
Expendable gifts and net assets released7%
SLAC National Accelerator Laboratory7%
Other income9%

Expenditures for FY 2019-20

Salaries & benefits62%
Other operating expenses29%
Financial aid5%
Debt service4%


Stanford’s $27.7 billion endowment (as of Oct. 2, 2019) provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research. It disbursed $1.3 billion to support vital academic programs and financial aid during the fiscal year. About 79 percent of the endowment is restricted by donors for a specific purpose. There are 8,100 endowed university funds.

Each year, a portion of investment return from the endowment is used to support annual operating expenses. The remainder of the return is reinvested in the endowment to maintain its purchasing power over time. The Stanford Management Company (SMC) was established in 1991 to manage Stanford’s financial and real estate assets. SMC is a division of the university with oversight by a board of directors appointed by the university board of trustees.


Stanford University reported $1.1 billion in philanthropic gifts during the fiscal year that ended August 31, 2019, reflecting the financial support of more than 55,000 donors.

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