Wheaton College Alumni Magazine Winter 2014 | Page 8

WHEATON news Financial Highlights Fiscal Year July 1, 2012–June 30, 2013 Since its founding more than 150 years ago, Wheaton College has been both wise in the management of financial gifts as well as forthright in its accountability for those gifts. If you would like a copy of our latest audited financial statement, you may download it from our website at http://www.wheaton.edu/disclosures/financial-audit-information. You can also write Patrick Brooke, Senior Director of Financial Operations, 501 College Avenue, Wheaton College, Wheaton, IL 60187, or call 630-752-5190. Balance Sheet Highlights Total Assets Net Assets 2012-13 2011-12 2010-11 2009-10 $ 723,981,000 $ 667,570,000 $ 675,486,000 $ 624,819,000 Unrestricted Temporarily Restricted Permanently Restricted 253,474,000 161,236,000 141,241,000 Total Net Assets 240,774,000 148,165,000 122,978,000 192,831,000 155,705,000 111,264,000 $ 555,951,000 $ 502,538,000 $ 511,917,000 $ 459,800,000 Operating Highlights Tuition and Fees Scholarships 83,205,000 (26,465,000) 78,790,000 (25,378,000) 56,740,000 $ 53,412,000 20,468,000 32,315,000 14,781,000 19,741,000 21,821,000 14,652,000 19,270,000 24,888,000 14,921,000 19,227,000 27,061,000 15,876,000 $ 96,891,000 $ 95,063,000 $ 89,995,000 $ 87,954,000 Net Tuition and Fees Auxiliary Gifts and Grants Endowment Spending Educational and General Expenses Endowment:  $352.5 million 75,097,000 (23,467,000) 71,510,000 (22,047,000) $ 51,630,000 $ 49,463,000 Endowment Market Value and Spending $ 400 The endowment contains those assets of the College permanently invested to support College programs. The purpose of the endowment is to generate a dependable stream of income and provide a reserve of institutional resources. The investment objective is to maximize total return over the long term within acceptable risk parameters. The endowment increased 13% to $352.5 million as of June 30, 2013. The increase was driven by 15% investment returns and $8.7 million of gifts and net transfers, partially offset by $14.8 million of spending withdrawals. Endowment per student increased to $125,269 compared to $112,928 as of June 30, 2012. 233,707,000 139,548,000 129,283,000 $ 18 • $ 350 • • $ 300 • • • $ 250 $ 200 • • $ 16 • • • • • • $ 14 $ 12 • $ 10 $ 150 $ 100 $ 6 $ 50 Endowment Value (in $ millions) $ 8 $ 4 0 $ 2 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 n Endowment Value (left scale, in $ millions) 6    W I N T E R   2 0 1 4 ● Annual Spending (right scale, in $ millions) Annual Spending (in $ millions)