Finances

In 2017–18, Stanford is a $6.3 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 $1 billion capital budget and excludes the budget for Stanford Health Care and Lucile Packard Children’s Hospital.

SOURCES OF FUNDS FOR FY 2017-18
Sponsored research 17%
Endowment income 20%
Other investment income 5%
Student income 15%
Health care services 20%
Gifts and net assets released from restrictions 6%
SLAC National Accelerator Laboratory 9%
Other income 8%
EXPENDITURES FOR FY 2017-18
Salaries & benefits 62%
Operating expenses 35%
Debt service 3%

Endowment

Stanford’s $24.8 billion endowment (as of Aug. 31, 2017) provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research. Almost 75 percent of the endowment is designated by donors for a specific purpose. There are more than 8,000 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.

Fundraising

Stanford University reported $1.13 billion in philanthropic gifts during the fiscal year that ended August 31, 2017, reflecting the financial support of more than 76,000 donors.