Fall 2002 UD Facts and Figures: Change in Net Assets

CHANGE IN NET ASSETS
FY 98 Through FY 02
(Thousands of Dollars)

	FY 98 $	FY 99 $	FY 00 $	FY 01 $	FY 02 $
Net assets at beginning of year	1,095,018	1,217,221	1,316,163	1,404,086	1,434,486
Change in net assets:	13,143	12,989	26,400	22,525	15,987
Operating transfers Nonoperating activities:
Net realized and unrealized gains (losses)	80,692	33,804	33,120	(12,724)	(64,194)
Contributions for endowment and buildings	19,446	13,356	26,367	19,703	15,910
State capital appropriations	8,775	8,000	8,500	9,500	7,325
In-kind receipt of intangible assets	--	39,500	--	--	--
Amortization of intangible assets	--	--	(3,292)	(7,031)	(3,290)
Intangible assets impairment charge	--	--	--	--	(25,886)
Prior year restatement for deferred gift liabilities	--	(6,458)	--	--	--
Net endowment income and other	147	(2,249)	(3,172)	(1,573)	(9,446)
Total nonoperating activities	109,060	85,953	61,523	7,875	(79,581)
Net assets at end of year	1,217,221	1,316,163	1,404,086	1,434,486	1,370,892
Percent change from prior year	11%	8%	7%	2%	-4%

Net assets:
Unrestricted	638,805	695,534	769,945	929,300	885,294
Temporarily restricted	26,872	30,083	32,562	48,227	48,522
Permanently restricted	551,544	590,546	601,579	456,959	437,076
Total net assets	1,217,221	1,316,163	1,404,086	1,434,486	1,370,892

Endowment funds included in net assets above:
Endowment, at market	739,562	777,353	819,984	826,506	772,925
Percent change from prior year	12%	5%	5%	1%	-6%
Endowment spending payout	25,539	27,846	30,489	34,211	38,223
Percent change from prior year	14%	9%	9%	12%	12%

Source: Office of Associate Treasurer - Financial Services