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Financial Summary The institution’s net assets increased by more than $12,000,000 to nearly $185,000,000. Driving this increase were almost $9,000,000 in gifts and close to $9,500,000 in investment returns. Operations, benefiting from an enrollment increase of 45 students for a record high of 1,930 full-time students, provided another $821,000 of the net asset increase. At June 30, 2005, Susquehanna’s endowment totaled $99,800,000, with another $33,000,000 in operating cash, restricted cash and reserves outside of the endowment. Expendable financial resources, a defined measure of financial strength, were more than three times as much as outstanding debt of $26,800,000. Susquehanna University’s financial strength provides it with flexibility to capitalize on opportunities and manage challenges in advancement of the institution’s mission. Michael A. Coyne, C.P.A. An additional note: The endowment crossed the $100 million threshold in September, 2005. Years ending June 30, 2005 and 2004
Source: 2005 audited financial statements, KPMG LLP. To view a .pdf document containing additional financial information, click here.
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Last reviewed
Paul Novack, Office of Communications ©2005 Susquehanna University, Selinsgrove, PA 17870-1164 Telephone: 570-372-4119 Fax: 570-372-4048 |