FY ’17 Financial Report
Marlboro continues to operate on a fiscally prudent budget, maintaining a fair balance between revenue and expenses. The college is actively exploring some expansion of revenue streams, including admissions and fundraising, to remain economically strong.
As of June 30 the endowment for the college stood at $37,343,600 million, which continues to support the institution with $3.1 million in operating funds for FY ’17. Fundraising increased over last fiscal year by nearly $200,000, totaling $3,570,840 that includes meeting our annual fund goal, corporate and foundation giving, and other restricted gifts to benefit the college.
Unrestricted gifts to the college’s annual fund reached just over $2 million for the second year in a row. This goes directly to supporting student financial aid, programming, faculty and staff salaries, library acquisitions, and other everyday operations.
Investing in academic programs and student life on campus remains a significant priority. The college continues to be grateful to our hundreds of supporters world-wide who keep the institution strong through giving, volunteering, and sharing our worthy reputation with others.