Stanford Announces $3.7 Billion Increase In Net Assets

STANFORD (CBS SF) — Stanford University saw a 17 percent increase in its consolidated net assets — or an increase of $3.7 billion — in the fiscal year that ended Aug. 31, according to financial results released by the university Friday.

The consolidated results include the university, Stanford Hospital and Clinics, and Lucile Salter Packard Children’s Hospital at Stanford.

Net assets of the university, excluding the hospitals, increased 16 percent to $22.6 billion, according to the results.

According to the university’s chief financial officer, Randy Livingston, the strong results were due mostly to “excellent investment returns, generous support from donors and cost-saving measures,” which were taken in response to the economic downtown.

The university’s endowment rose in value by 19 percent to approximately $16.5 billion.

“Despite these positive results, though, Stanford has not lost sight of the impending risks ahead,” Livingston said, noting that uncertainties in federal funding and investment markets, as well as the impact of health care reform, were major considerations for the university.

Payout from the endowment declined 8 percent to $785 million during the fiscal year.

Results for the fiscal year are posted on the Stanford bondholder web pages at bondholder-information.stanford.edu.

(Copyright 2011 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed)

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