Annual Report 2005-06

Statement of Activities (in thousands)

Revenues, Gains and Other Support  
June 30, 2006
June 30, 2005
FUND RAISING  
  Contributions and grants pledged and received  
$80,098
$69,245
  Bequests  
3,831
12,598
  Life income gifts  
1,292
1,362
  Change in value of life income gifts  
1,804
1,021
  Change in net interest in KU Endowment Charitable Gift Fund  
(2,124)
2,146
TOTAL FUND RAISING  
84,901
86,372
  INCOME FROM ASSET HOLDINGS  
  Investment income  
24,686
17,526
  Realized and unrealized gains (losses) on investments and trusts held by others  
89,590
88,592
  Loan interest income  
1,350
609
  Agricultural and mineral income  
2,434
1,934
  Rental, gain (loss) on sale of assets and other income  
354
(440)
TOTAL INCOME FROM ASSET HOLDINGS  
118,414
108,221
OTHER RECEIPTS  
21,779
 
18,667
TOTAL REVENUES, GAINS AND OTHER SUPPORT  
225,094
 
213,260
     
 
Expenses   
 
UNIVERSITY SUPPORT  
 
  Student scholarships, fellowships and awards  
23,037
 
21,874
  Faculty and staff salaries and contractual services  
16,868
 
15,609
  Construction and furnishings  
33,100
 
41,604
  Equipment and supplies  
6,386
 
8,292
  Books, other printed material and works of art  
971
 
814
  University travel and official hospitality  
5,996
 
6,121
  Transfers/program support to benefit the University of Kansas  
10,666
 
7,937
  Other  
1,992
 
1,646
TOTAL UNIVERSITY SUPPORT
(Note 1)
 
99,016
 
103,897
SUPPORTING SERVICES  
 
  Administrative and fund-raising support  
11,842
 
11,654
  Asset management expense  
614
 
548
  Depreciation  
643
 
671
TOTAL SUPPORTING SERVICES  
13,099
 
12,873
TOTAL EXPENSES  
112,115
 
116,770
Excess (Deficiency) of revenues over expenses  
112,979
 
96,490
  Decrease (increase) in additional minimum pension obligation  
----
 
125
NET ASSETS AT BEGINNING OF YEAR  
1,046,138
 
949,523
NET ASSETS AT END OF YEAR  
$1,159,117
 
$1,046,138
     
 

Note 1: Expenditures from agency funds, which are owned by the university but managed by KU Endowment, provided additional
university support of $9.8 million for the year ended June 30, 2006, and $8.3 million for the year ended June 30, 2005.