Stanford University’s 2013 fiscal year report announced an 11 percent increase in net assets, which include Stanford Hospital & Clinics and the Lucile Salter Packard Children’s Hospital. The net comes to $29.7 billion — $3 billion more than Stanford’s net assets from the year prior.
The net assets of the Stanford Hospitals & Clinics alone increased 25 percent to $4 billion in the 2013 fiscal year, which ended Aug. 31.
Randy Livingston, vice president for business affairs and chief financial officer, attributed the growth to profitable investments, donors and an increase in healthcare revenues.
Stanford’s endowment also increased significantly. Trumping its own record high of $17.2 billion in 2008, Stanford University’s endowment reached a new high of $18.7 billion, an increase of 9 percent from the year before.
In terms of the University’s operating activities, the fiscal review reported a significant decrease in the amount of surplus. This past fiscal year, the University finished with $165 million in surplus from operating activities, a decrease from the $211 million in surplus the year before.
Operating revenues also increased by 4 percent, totaling $4.1 billion.