According to this paragraph about UVA, tell me how much of UVA's academic budget foes to endowment and gifts?
According to this paragraph about UVA, tell me how much of UVA's academic budget foes to endowment and gifts?
19% of UVA's academic budget goes to endowment and gifts.
19% of UVA's academic budget goes to endowment and gifts.
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As of 2013, UVA's $1.4 billion academic budget is paid for primarily by tuition and fees (32%), research grants (23%), endowment and gifts (19%), and sales and services (12%). The university receives 10% of its academic funds through state appropriation from the Commonwealth of Virginia. For the overall (including non-academic) university budget of $2.6 billion, 45% comes from medical patient revenue. The Commonwealth contributes less than 6%.
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