Stanford led the nation’s universities in fundraising in 2013, bringing in $931.57 million over the course of the year, according to a survey conducted by the Council for Aid to Education (CAE).
The University saw a 9.7-percent increase in its endowment this year, bringing the total value to $18.7 billion after the 2013 fiscal year.
Undergraduate tuition will increase to $42,690 next year, compared to $41,250 this year, and room-and-board charges will increase from $12,721 to $13,166, according to a University press release.
The market value of Stanford’s endowment grew from $16.5 billion to $17.03 billion during the 2011-2012 fiscal year, an increase of 3.2 percent.
The Stanford University Merged Pool achieved a 1.0 percent return on investments over 12 months, ending June 30, 2012. The University endowment grew by 3.2 percent during Stanford’s fiscal year, ending August 31, 2012.
President John Hennessy delivered his annual address to the Academic Council on Thursday afternoon at the Jen-Hsun Huang Engineering Center. At the meeting, the president touched upon the state of finances and development on the Farm before launching an hour-long discussion on Stanford’s proposed New York City Applied Sciences Research and Educational Campus.