Annual Report 2006-07

Statement of Activities (in thousands)

Revenues, Gains and Other Support  
June 30, 2007
June 30, 2006
FUNDRAISING  
  Contributions and grants pledged and received  
$65,045
$80,098
  Bequests  
8,299
3,831
  Life income gifts  
2,915
1,292
  Change in value of life income gifts  
1,073
1,804
  Change in net interest in KU Endowment Charitable Gift Fund  
378
(2,124)
TOTAL FUNDRAISING  
77,710
84,901
  INCOME FROM ASSET HOLDINGS  
  Investment income  
39,337
24,686
  Realized and unrealized gains (losses) on investments and trusts held by others  
146,965
89,590
  Loan interest income  
1,518
1,350
  Agricultural and mineral income  
1,930
2,434
  Rental, gain (loss) on sale of assets and other income  
897
354
TOTAL INCOME FROM ASSET HOLDINGS  
190,647
118,414
OTHER RECEIPTS  
3,556
 
21,779
TOTAL REVENUES, GAINS AND OTHER SUPPORT  
271,913
 
225,094
     
 
Expenses   
 
UNIVERSITY SUPPORT  
 
  Student scholarships, fellowships and awards  
24,339
 
23,037
  Faculty and staff salaries and contractual services  
20,756
 
16,868
  Construction and furnishings  
17,061
 
33,100
  Equipment and supplies  
13,074
 
6,386
  Books, other printed material and works of art  
1,517
 
971
  University travel and official hospitality  
6,244
 
5,996
  Transfers/program support to benefit the University of Kansas  
9,084
 
10,666
  Other  
2,867
 
1,992
TOTAL UNIVERSITY SUPPORT
(Note 1)
 
94,942
 
99,016
SUPPORTING SERVICES  
 
  Administrative and fund-raising support  
11,983
 
11,842
  Asset management expense  
634
 
614
  Depreciation  
626
 
643
TOTAL SUPPORTING SERVICES  
13,243
 
13,099
TOTAL EXPENSES  
108,185
 
112,115
Excess (Deficiency) of revenues over expenses  
163,728
 
112,979
  Effect of adoption FASB Statement No. 158  
(1,986)
 
----
  Change in net assets  
161,742
 
112,979
NET ASSETS AT BEGINNING OF YEAR  
1,159,117
 
1,046,138
NET ASSETS AT END OF YEAR  
$1,320,859
 
$1,159,117
     
 

Note 1: Expenditures from agency funds, which are owned by the university but managed by KU Endowment, provided additional
university support of $8.6 million for the year ended June 30, 2007, and $9.8 million for the year ended June 30, 2006.