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ERIC Number: ED093212
Record Type: RIE
Publication Date: 1974
Financial Statistics of Institutions of Higher Education: Property, 1969-70.
Mertins, Paul F.; Brandt, Norman J.
This publication presents a part of the data provided by institutions of higher education in response to a questionnaire entitled "Financial Statistics of Institutions of Higher Education, 1969-70," which was included in the fifth annual Higher Education General Information Survey (HEGIS). This publication deals with the property related data. Highlights indicate: (1) The value of property owned or utilized by institutions of higher education at the end of 1969-70 fiscal year was $53.1 billion; (2) This property value consisted of physical plant assets ($42.2 billion) and the book value of endowment ($10.8 billion); (3) The book value of buildings at institutions of higher education totaled $31.9 billion; (4) Indebtedness on physical plant increased 6.9% from $8.8 billion at the beginning of 1969-70 to $9.4 billion at the end of the year; (5) During 1969-70, the book value of endowment increased 3.5%, whereas market value went down 12.4%; (6) Privately controlled institutions reported 82.9% of the book value of all college and university endowment at the end of the 1969-70 fiscal year; (7) At the end of 1969-70, the endowment of colleges and universities had an average market value of $1,756 per fulltime-equivalent student. (Author/MJM)
Descriptors: Costs, Educational Facilities, Educational Finance, Higher Education, Property Appraisal, Statistical Data
Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 ($1.55)
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Center for Educational Statistics (DHEW/OE), Washington, DC. Higher Education Surveys Branch.