Annual Report 2007-08

Statement of Activities (in thousands)

Revenues, Gains and Other Support  
June 30, 2008
June 30, 2007
FUNDRAISING  
  Contributions and grants pledged and received  
$82,216
$65,045
  Bequests  
9,698
8,299
  Life income gifts  
728
2,915
  Change in value of life income gifts  
1,334
1,073
  Change in net interest in KU Endowment Charitable Gift Fund  
34
378
TOTAL FUNDRAISING  
94,010
77,710
  INCOME FROM ASSET HOLDINGS  
  Investment income  
53,149
39,337
  Realized and unrealized gains (losses) on investments and trusts held by others  
(75,043)
146,965
  Loan interest income  
1,399
1,518
  Agricultural and mineral income  
3,635
1,930
  Rental, gain (loss) on sale of assets and other income  
775
897
TOTAL INCOME FROM ASSET HOLDINGS  
(16,085)
190,647
OTHER RECEIPTS  
9,958
 
3,556
TOTAL REVENUES, GAINS AND OTHER SUPPORT  
87,883
 
271,913
     
 
Expenses   
 
UNIVERSITY SUPPORT  
 
  Student support  
27,665
 
24,339
  Faculty support and contractual services  
19,584
 
20,756
  Construction, furnishings, equipment and supplies  
40,885
 
30,135
  Program and other educational support  
23,937
 
19,712
TOTAL UNIVERSITY SUPPORT
(Note 1)
 
112,071
 
94,942
SUPPORTING SERVICES  
 
  Administrative and fundraising support  
12,995
 
11,983
  Asset management expense  
358
 
634
  Depreciation  
630
 
626
TOTAL SUPPORTING SERVICES  
13,983
 
13,243
TOTAL EXPENSES  
126,054
 
108,185
Excess (Deficiency) of revenues over expenses  
(38,171)
 
163,728
  Amortization of unrecognized actuarial adjustment  
(200)
 
(1,986)
  Change in net assets  
(38,371)
 
161,742
NET ASSETS AT BEGINNING OF YEAR  
1,320,859
 
1,159,117
NET ASSETS AT END OF YEAR  
$1,282,488
 
$1,320,859

Note 1: Expenditures from agency funds, which are owned by the university but managed by KU Endowment, provided additional
university support of $8.5 million for the year ended June 30, 2008, and $8.6 million for the year ended June 30, 2007.