For legislators concerned about college endowments, Ohio's public universities have six of the state's ten largest.
Ohio nonprofit colleges and universities, for the fourth straight year, contributed more than $2 billion in employee salaries and fringe benefits to local economies.
Half of Ohio's independent colleges have endowments of $33 million or less, and three quarters have endowments of less than $100 million.
Endowment values showed just a marginal increase in the most recently reported year, less than one percent.
Endowment values at Ohio independent colleges have yet to recover to their pre-recession peak; the median value remains low, at $33.1 million.
For the third straight year, employees at Ohio independent colleges contributed more than $2 billion in salaries and benefits to the state's economy.
Last year, the more than 33,000 employees at Ohio independent colleges spent and invested more than $2 billion in their local and regional economy.
For the second consecutive year, independent colleges provided more than $1 billion to their students in financial aid grants and scholarships.
In five years, endowments at Ohio independent colleges have lost about one third of their value.
Ohio residents as a share of full-time undergraduates at independent colleges have dropped two percentage points since 2010.
Although AICUO members' endowments have recovered almost to their FY2008 levels, half are valued at $26 million or less.
Ohio's independent colleges include some of the state's oldest, dating to the earliest days of statehood, as well as some dating to the post-World War II era.
By the end of fiscal 2010, endowments at Ohio independent colleges had rebounded only slightly from their low point in FY2009, and half of AICUO members¹ endowments were valued at $21.1 million or less.
A sampling error resulting from the much smaller tracking cohort in public community colleges makes graduation rate comparisons with for-profit colleges meaningless.
If you count only those campuses that award undergraduate degrees, Ohio's ranking climbs to a tie for fifth place.
Of AICUO's 52 members, 36 were founded or sponsored by denominations or religious orders.
The 2008-09 academic year was a bad one for college and university endowments, whether large or small. On June 30, 2008, half of the independent colleges in Ohio had endowments of $27 million or less, with little room for decline.
Ohio's independent colleges, by and large, are heavily dependent on tuition income to support their teaching, research, and service programs. Of our 51 members, 36 get more than half their revenue from their students, even when considering the amount of financial aid the campused themselves offer.
AICUO MemberEndowment Market Values
Half of Ohio' private nonprofit colleges and universities have endowments of less than $25 million.