What are the Universitys major sources of revenue and what percentage of the institutions budget do they comprise?
Tuition and fees, grants, contracts, and gifts, and state appropriations are the major sources of University revenue. The total University system budget, approved by the Board of Trustees for fiscal year 2009-10 is $1.08 billion. State appropriations account for 16.3 percent of the University’s system revenue. That percentage varies among the individual campuses, ranging from a high of 31.5 percent for the School of Medicine to 11.7 percent at USC Beaufort. Note that state appropriations make up a larger percentage of the University’s operating budget, which does not include sponsored grants and contracts, student financial aid, and auxiliary enterprises. Tuition and fees account for 40.3 percent of the University’s system revenue. Again, that percentage varies at each campus with USC Beaufort deriving the most, 55.6 percent, of its revenue from that source and the School of Medicine deriving the least, 14.9 percent. Grants, contracts, and private gifts from fund raising make up 26.8 p
