Page 10 - 2013 ANNUAL REPORT : The EARTH effect

By ensuring every student has the support and programs needed to become highly-influential global
citizens, we are not just changing the course of their lives, but also that of their families, communities
and the future of humanity and our planet.
FUNDING OUR FUTURE
9% Maintenance
11% Fundraising 8% Commercial
activities and
special projets
20% Administration 10% Student tuition
20% Student services 38% Donations
40% Teaching and
academic support
44% Endowment
EARTH University Operational Budget
2013 Financial Results
(in thousands of dollars)
Income
Tuition payments and scholarship donations
Other income (special projects, commercial activities, other donations)
EARTH Endowment
$6,564.1
3,790.9
7,993.9
$18,348.6
Expenses
Compensation and benefits for administrative and operational personnel
Compensation and benefits for faculty and senior administrative staff
Operational expenses
Equipment investment and replacement
Contingencies
Fundrasing
$6,412.3
4,310.8
4,947.5
800.6
49.0
1,828.4
$18,348.6
How we Allocate our
Operational Resources
How our Budget is Financed
More than 60%
of students have
need-based,
full scholarships
covering the
totality of
the costs
associated with
their EARTH
education.
Through our
endowment,
commercial
activities and
unrestricted
donations, we are
able to subsidize
59% of the
educational costs
for ALL of our
students.
EARTH’s
endowment
grew by 14%
(compared to
11% in 2012),
ending the year
with a total value
of $100 million
(up from $93.8
million in 2012).
We raised $14.4
million in 2013,
exceeding our
goals for the year
by 11%, helping
ensure that we can
provide a highly-
personalized
world-class
education
to young
leaders from
disadvantaged
backgrounds.