Monday, February 4, 2013

2011 Financial Report

Components of Endowment Support 2010-11

Hofstra University relies on the generosity and philanthropic support of alumni and friends. This investment in the University is critical to Hofstra's long-term success.

Here's why:
  • Alumni support is measured by U.S. News & World Report and has a direct impact on the University's ranking. Participation is critical. Our goal is to increase alumni participation each year.
  • Hofstra remains a university largely reliant on tuition. Your support and the growth of our endowment allows Hofstra to undertake new initiatives to maintain its excellent reputation.
  • Your gift provides for student scholarships, faculty support and program initiatives, and overall operations at Hofstra.
  • Your investment in Hofstra will allow the University to reach its annual and long-term goals.
We need your help — every gift makes a difference!

Hofstra’s financial strength reflects increased fundraising activities, strong endowment growth, strengthened operating margins, and enhanced control over expenses, particularly relating to health care and post-retirement benefits. Financial resources have increased by 239 percent during the last eight years, and Hofstra continues to enjoy debt ratings in the A category from both Moody’s and Standard & Poor's.

Endowment Investment Market Value

Hofstra University endowment investments grew to $267 million by 2011, increasing by 160 percent in the last nine years. The University has set its sights on an endowment goal of $400 to $500 million to provide enhanced scholarships to better compete with institutions with significantly larger endowments.

Tuition Scholarships and Fellowships

During the last seven years, the University
has increased its scholarship funding by
116 percent.
A larger endowment gives Hofstra the edge it needs to attract and retain the most highly qualified students by providing a greater number of scholarships. The University continues to make the growth of tuition scholarships a top priority. During the past seven years, the University has increased scholarship funding by 116 percent to just over $74 million.

That increase is reflected in the changing makeup of the student body. The 2011 average SAT score for first-year students was 1171, up more than 100 points from fall 2000. Our first-time freshman high school GPA rose to 3.51 in fall 2011, compared with just 2.80 in fall 2000. Selectivity — the number of students accepted to Hofstra as a percentage of all those who apply — was 59 percent this year, compared to 80 percent in 2000. The percentage of students in the top 10 percent of their high school classes was 25 percent this year, compared to 12 percent nine years ago. The percentage of first-year students from out of New York state was 45 percent, compared to 32 percent in 2000.


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