December 10, 2015
Stanford University reports FY 2015 financial results
Stanford University reported its financial results for fiscal year 2015 (FY2015), which ended Aug. 31, 2015. Consolidated net assets increased $1.7 billion, or 5 percent, to end the year at $35.5 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 financial position remains strong. Consolidated FY2015 financial results benefited from solid investment performance, strong health care services revenues, and continued generous donor and community support," said Randy Livingston, vice president for business affairs and chief financial officer. "Despite these positive results, investment market volatility, pressure on federal sponsored research funding, high Bay Area housing costs and changes to the health care marketplace will continue to challenge us and remain on the forefront of our planning efforts."
Net assets of the university, excluding the hospitals, increased 4 percent, to $30.4 billion. The university's endowment rose in value by 4 percent over the past year to $22.2 billion. Payout from the endowment increased 7 percent to $1.1 billion in FY2015 and funded 23 percent of the university's FY2015 expenses. Operating revenues were $5.0 billion, up $453 million, or 10 percent, over the prior year.
The net assets of the hospitals and their majority-owned or controlled entities, which are each separate legal entities, increased $522 million to $5.1 billion in FY2015, an increase of 11 percent.
FY2015 results were reported to the university's Board of Trustees on Dec. 8 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.