Report from Financial Services

Lawrence's endowment grew to $318 million this year, exceeding the $300 million level for the first time in      
our history. Generous gifts to the endowment support full-need scholarships, endowed faculty positions,       
academic programs and perpetual maintenance of parts of our campus. With our focus on a high-quality      
and accessible liberal arts education, we continue to work to minimize the growth of our comprehensive      
fees and be as efficient as possible in managing our expenses. We are very grateful to the Lawrence       
community for its gifts of time, talent and treasure in support of our mission.

—Christopher Lee,
Vice President for Finance and Administration

Assets

Pie chart of FY 2017 Assets

Investments $320,104,691
Property & equipment $110,679,310
Pledges receivable $20,682,299
Cash $7,287,034
Student loans receivable $5,360,860
Other receivables $614,109
Other assets $1,599,991
Total $466,328,294

Liabilities and net assets

Pie chart of 2017 liabilities and net assets

Net assets $404,454,198
Long-term debt $42,807,773
Accrued liabilities $6,294,348
Asset retirement obligations $3,535,002
Postretirement obligations $3,162,189
Gift annuities payable $1,894,532
U.S. gov't grants refundable $1,771,969
Deferred income/due to $1,356,809
Accounts payable $1,051,474
Total $466,328,294

Operating revenues

Pie chart of 2017 operating revenues

Net student revenues $42,490,654
Endowment spendable allocation $13,018,801
Contribution revenues $4,566,469
Other revenues $3,222,558
Total $63,298,482

Operating expenses

Pie chart of 2017 operating expenses

Academic and student services $34,383,824
Administration, physical plant and fundraising $20,965,794
Depreciation and interest on debt $8,564,524
Auxiliary enterprises (includes Academy of Music and Björklunden) $4,995,518
Total $68,909,660

All data is for the 2017 fiscal year (July 1, 2016 through June 30, 2017)