Fiscal year 2006–2007 marked a five-year milestone in financial stewardship at Macalester.
Among other factors, last year marked the completion of five years of a fully diversified portfolio
developed after Macalester was able to sell the Reader’s Digest stock in the DeWitt Wallace Fund.
OPERATING BUDGET
| 2006-2007 OPERATING BUDGET
|
 |
INCOME
|
|
| Tution and Fees |
$56,447,01 |
| Financial Aid |
(25,859,016) |
| Net Tuition |
30,588,000 |
| Residence halls and dining |
10,042,430 |
| Subtotal: income from students |
40,630,430 |
Endowment allocation |
24,890,000 |
| Gifts |
4,230,000 |
| Grants and other income |
2,123,000 |
| Total Income |
71,873,430 |
EXPENSE
|
|
| Salaries and benefits |
44,933,769 |
| Program-related expenses |
19,559,467 |
| Debt and capital |
7,380,194 |
| Total expenses |
71,873,430 |
Net |
-- |
|
