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Academic services revenue increased 26% or $68.1 million to $326.8 million, due to increase in revenue from tuition and fees, net, grants and contracts, and a rebound of 415% in auxiliary services to $40.9 million, following prior years decline with fewer students on campus during COVID-19.
2021-2022 Annual Report. Summary. The Howard University Annual Report provides an overview of the academic and fiscal year, including information on the University's accomplishments, enrollment, and operating performance. Keywords: Annual Report, 2021, Development. Download PDF. 2021-2022 Annual Report.
As of June 30, 2022 and 2021, workers’ compensation liabilities are being satisfied as claims arise. For fiscal years ended June 30, 2022 and 2021, Howard maintained $5,146 and $5,125 in letters of credit, respectively, which serve as collateral for specific insurance carriers.
- Howard University. Howard University has the largest endowment of all the HBCUs with $692.8 million as of June 30, according to HBCU Money. By comparison, Harvard University’s endowment is worth more than $40 billion.
- Spelman College. Atlanta-based private liberal arts women’s college Spelman comes in the No. 2 slot with an endowment of $390.4 million. Cambridge Associates acts as the endowment’s investment consultant, but the college also has an in-house endowment team.
- Hampton University. Hampton is ranked No. 3 in HBCU endowments with an endowment of $282.5 million. The private institution landed in the No. 218 spot on the US News & World Report 2020 annual list of best colleges.
- Meharry Medical College. Meharry Medical College has an endowment trove of $159.1 million. Opened 11 years after the end of the Civil War, Meharry’s founding mission was to educate African Americans “to serve the underserved.”
Oct 21, 2022 · WASHINGTON – In 2018, Howard University announced a goal of raising $100 million in grants and contracts for research by 2024. Today, Howard surpassed that goal two years early by raising $122 million in Fiscal Year 2022, a record sum for any Historically Black College or University (HBCU).
Mar 31, 2022 · Howard University announced last week that it will funnel $785 million into new construction and renovations over the next four years, a record-breaking investment in capital projects for the historically Black university.
In 2022, Howard University paid a median of $385M in salaries, which represents 38.8% of their overall expenditure ($990M) and a 1.94% growth from the previous year. This is compared to a 2.06% growth between 2020 and 2021, and a 3.63% growth between 2019 and 2020.
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