Major Categories of Revenue
Tuition and fees net of financial aid for undergraduate and graduate students account for 55%
of total operating revenue.
Student housing and dining contribute 10% of operating revenue, while all other auxiliary
operations account for 4% of the total.
Expendable philanthropic contributions account for 5% of total revenue for operations. Gifts to
endowment and gifts for construction (i.e., not expendable for operations) are in addition to
Endowment distributions, combined with earnings on short-term investments of operating cash balances, provide 4% of the revenue budget. (The market value of NYU's total endowment at June 30, 2013 was approximately $3 billion, of which, $737 million was for the NYU Langone Medical Center.)
The budget assumes a total return on endowment investments of 6%. Distributions
from endowment to support operations are calculated using the fiscal 2013 distribution
amount plus 1.4%, which was the increase in the New York Metro Area CPI for the
twelve months ending August 31, 2012.
Income from commercial real estate represents 2% of the revenue budget.
Sponsored research accounts for 5% of total revenue, and sponsored educational programs
account for 6% of the total.
Clinical income from dental patient care provides 2% of 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, annual appropriations from the State of New
York, and transfers from non-operating funds.