Stanford University endowment jumps 9.7% in 2013, hits $18.7 billion

Chip Chipman

Stanford University saw its endowment grow by 9.7 percent during the 2013 fiscal year, to $18.7 billion.

Sponsored Links
	SurveyMonkey® Get feedback from your customers and vendors. Send a free survey. www.SurveyMonkey.com/Business
	Cybersecurity and the CFO A growing threat that CFOs can't ignore. Watch this video to learn more. www.ey.com
Get Listed Here

Lauren Hepler: Economic Development Reporter- Silicon Valley Business Journal; Email | Twitter | LinkedIn | Google+

Stanford University saw a 9.7 percent increase in its endowment during the 2013 fiscal year, bringing the Palo Alto school's financial haul in the last year to $18.7 billion.

The university reported strong investment returns and new gifts as two major reasons for the increase, which continues a trend of growth after the 2008 recession, according to a report by the Stanford Daily.

The student news organization added that many of Stanford's peer institutions nationwide have yet to disclose their 2013 endowments, though the Silicon Valley university had the fourth largest nationwide during 2012. Harvard University historically leads the pack and last year reported a $30 million endowment.

Earlier this year, billionaire real estate mogul and philanthropist John Arrillaga donated a record-breaking $151 million to Stanford. But other benefactors have also shelled out nine-figure sums for the university (see a slideshow of some of the largest donations here).

Stanford has yet to specify what programs the cash infusion will help fund, though more financial aid for international students is one area of interest.

“As funds that we have available for international students specifically grow, we can continue to admit more international students with financial aid packages,” Stanford Director of Financial Aid Karen Cooper told the Stanford Daily. “We have already made significant improvements just in the class this fall.”

The Daily notes that 45 international students in the class of 2017 are getting financial aid — nearly double the number for the class of 2016.

Tuition at Stanford for the 2013-2014 school year is $43,245. As of 2012, Stanford graduates averaged $18,833 in debt, which is on par with the statewide average.