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In 2020–21, Stanford is a $6.6 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 $0.4 billion
capital budget and excludes the budget for Stanford
Health Care and Lucile Packard Children’s Hospital.

Sources of Funds for FY 2020-21

Sponsored research17%
Endowment income20%
Other investment income4.5%
Student income14%
Health care services22%
SLAC National Accelerator Laboratory8%
Other income7%

Expenditures for FY 2020-21

Salaries & benefits63%
Other operating expenses27%
Financial aid6%
Debt service4%


Stanford’s $28.9 billion endowment (as of Aug. 31, 2020) provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research. It disbursed $1.4 billion to support vital academic programs and financial aid during the fiscal year. About 80 percent of the endowment is restricted by donors for a specific purpose. There are 8,300 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. Visit

Learn more by downloading our Stanford 2021 endowment fact sheet.


Stanford University and Stanford Health Care reported $1.3 billion in philanthropic gifts during the fiscal year that ended August 31, 2020, reflecting the financial support of more than 51,000 donors.

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