Fiscal year 1998-99 represents another successful year of operation at Tulane University. The measures of success are numerous:

  • Total operating revenues approached $0.5 billion.
  • Total assets exceeded $1.1 billion.
  • Total net assets exceeded $0.75 billion.
  • Total endowment approached $550 million.
  • In fall 1999, full-time equivalency enrollment rose to 10,500, a university record.

REVENUES Click here to see chart
During fiscal year 1999, total operating revenues increased 11.1% to $498 million compared to the prior year. Every dollar of revenue included 28.5 cents from tuition and fees, which totaled $141.7 million, net of institutional scholarships and fellowships, a 9.1% increase.

For the 12 months ending June 30,1999, Tulane received $90.9 million for work performed on government grants and contracts, a 12.4% increase. During the same period, private gifts and grants rose 33.9% to $63.3 million.
 Revenue from auxiliary enterprises such as athletics, housing and campus stores increased 19.4% and resulted in 8.9 cents of every dollar of revenue.

EXPENDITURES Click here to see chart
Total operating expenditures, before the change in net assets from operating activities, increased 5.4% to $484 million. Tulane spent 33.9 cents of every dollar on instruction and academic support. These expenditures totaled $164.1 million, a 9.1% increase.

Expenditures for organized research and public service rose 2.7% to $88.2 million, while dollars spent for auxiliary enterprises grew 11.3% to $57.2 million due to an increase is auxiliary revenues.

Included in the "other" category are the costs to make the university's computer systems, applications and facilities Year 2000 compliant.

ENDOWMENT FUNDS Click here to see chart
The market value of the university's endowment has increased from $450 million at June 30, 1997, to $550 million at June 30, 1999, because of substantial new gifts, strong earnings and a realistic endowment spending policy.