Stanford University reports FY 2019 financial results
Stanford University reported its financial results for fiscal year 2019 (FY2019), which ended Aug. 31, 2019. Consolidated net assets increased $2.0 billion, or 5 percent, to end the year at $45.2 billion. Consolidated results include the university, Stanford Health Care (SHC) and Lucile Salter Packard Children’s Hospital at Stanford (LPCH), and other majority-owned or controlled entities of these organizations.
“Stanford’s FY19 financial results were solid, providing critical financial resources to further advance our education, research and health care missions. Consolidated FY2019 financial results benefited from the generous commitment of our donors, sound investment performance and continued growth in health care services,” said Randy Livingston, vice president for business affairs, chief financial officer and university liaison for Stanford Medicine.
Net assets of the university, excluding SHC and LPCH, increased 4 percent, to $38.5 billion. The university’s endowment rose in value by 5 percent to $27.7 billion. Payout from the endowment increased 5 percent to $1.3 billion in FY2019, funding 21.8 percent of the university’s FY2019 expenses. Operating revenues were $6.1 billion, up $262 million or 4 percent over the prior year.
In FY2019, SHC’s net assets increased $261 million, or 7 percent, to $4.2 billion; LPCH’s net assets increased $99 million, or 4 percent, to $2.5 billion.
FY2019 results were reported to the university’s Board of Trustees on Dec. 3 and are posted on the Stanford bondholder web pages (http://bondholder-information.stanford.edu).
Information in this press release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements.” In this respect, the words “estimate,” “project,” “anticipate,” “expect,” “intend,” “believe” and similar expressions are intended to identify forward-looking statements. A number of important factors affecting the university’s business and financial results could cause actual results to differ materially from those stated in the forward-looking statements.