Financial Report

The financial information enclosed in this report is based on the fiscal period June 1, 2010 through May 31, 2011. A copy of the auditor’s report is available upon request from the Milligan College Business Office. Gift income fluctuates significantly from year to year due to the timing of major gifts, grants and bequests. To obtain a printed copy of the Milligan College 2010-2011 Annual Report, contact the Advancement Office at 800.447.5922.

Stats at a Glance

Gift Income

Unaudited Dollars 2009-10 2010-11

Annual Scholarship Fund $1,401,511 $1,388,938
Designated Gifts 2,144,857 2,124,396
Gifts to the Endowment 1,918,671 1,522,833

Total Gift Income $5,465,039 $5,036,167

Gift Income by Source

for fiscal year 2009-10 2010-11

Alumni & Individuals $4,473,391 $3,989,556
Matching Gifts 43,229 38,464
Churches 422,649 411,390
Coporations & Foundations 525,770 596,757

Total Gift Income $5,465,039 $5,036,167
     
Total number of donors 2,096 2,067

Enrollment

for academic year 2009-10 2010-11

States Represented 34 33
Countries Represented 15 12
Degress Granted 278 276
Enrollment 1,100 1,140

Budgeted Income/Expenses

Budgeted Income

$25.5 million for 2009-10

for fiscal year 2009-10 2010-11

Tuition and Fees $19,185,910 $21,930,851
Gifts and Grants 1,923,850 1,729,520
Endowment Income 100,000 100,000
Auxiliary Enterprises & Other 4,266,757 4,405,776
     

Total Budgeted Income $25,476,517 $28,166,147
 

Budgeted Expenses

$25.5 million for 2009-10

for fiscal year 2008-09 2010-11

Instruction, Academic, and Institutional Support $11,620,564 $12,375,642
Student Services 2,669,653 2,963,939
Physical Plant 1,720,430 1,808,825
Scholarships 7,127,295 8,485,980
Auxiliary Enterprises & Other 2,338,575 2,531,761

Total Budgeted Expenses $25,476,517 $28,166,147
 

Financial Trends

Endowment Graph
Net Assets Graph