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Why aren endowment fund distributions used to lower tuition?

April 26, 2017distributions endowment fund lower tuition Used

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Why aren endowment fund distributions used to lower tuition?

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They do lower tuition. Without the endowment, tuition would be $15,600 higher per student per year. Annual endowment income amounts to about $50 million and pays for portions of faculty salaries, scholarships and other expenditures.

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KU Endowment provides a margin of excellence for the university, but it does not replace funds coming from state appropriations and student tuition. It provides 8.1 percent of the university’s budget. During the 2008-09 academic year, KU Endowment is providing about $27.7 million in privately funded student scholarships, fellowships and awards, a 15 percent increase over the previous year. In that way, donors are already addressing the rising cost of tuition.