Operating Budget Detail

Major Categories of Revenue

  • Tuition and fees net of financial aid account for 55% of total revenue.
  • Student housing and dining contribute 10% of total operating revenue, while all other auxiliary operations account for 4% of the total.
  • Expendable philanthropic contributions account for 3% of total revenue for operations. Gifts to endowment and gifts for construction (i.e., not expendable for operations) are in addition to this total.
  • The endowment generates an ongoing source of annual operating revenue from a distribution that is based on a rolling twelve quarter average of the endowment's market value. Endowment distributions, combined with earnings on short-term investments of operating cash balances, provide 4% of the Washington Square Campus budget. (The market value of NYU's total endowment at August 31, 2010 was approximately $2.4 billion - $1.7 billion of which was for the Washington Square campus, and $740 million was for the School of Medicine.)
  • Income from commercial real estate represents 3% of the total revenue budget.
  • Sponsored research accounts for 6% of total revenue, while sponsored educational programs accounts for 6% of the total.
  • Clinical income from dental patient care provides 2% of all operating revenue.
  • All other sources of revenue total 7%. This category includes many relatively small items such as service payments from the School of Medicine, an annual appropriation from the State of New York, and transfers from non-operating funds.

Major Categories of Expense

  • Expenditures for operation and maintenance of the physical plant (e.g., debt service, rent, energy, cleaning, building maintenance contracts, etc.) account for 18% of the budget.
  • General operating expenses account for 17% of the budget.
  • Eight percent of the budget is transferred to non-operating funds, primarily the capital fund for construction and IT projects.
  • Professional services and fees make up 5% of the expense budget.
  • One percent of the budget is designated for contingency and academic investments.
  • Expenditures for salaries and employee fringe benefits comprise 51% of all expenses.

Expenditures by Purpose

  • Expenditures by schools and institutes comprise 63% of all expenditures.
  • Facilities management and campus safety account for 13% of total expenditures.  
  • The direct cost of auxiliary operations, including student housing, dining, and residential education, account for 5% of the total budget. When the fully allocated costs of facilities management and administrative operations are added, the expenses of auxiliary operations more closely match the revenue from auxiliary operations.
  • Administrative units comprise 11% of the total, and include services such as development, finance and legal.
  • Provostial operations, including such units as the Offices of Admissions and Financial Aid, represent 2% of total expenditures.
  • Information technology services and student affairs each account for 3% of the total.