ENROLLMENT The following table shows the full- and part-time headcount and full-time equivalent enrollment at the University during the fall semester of each of the last five years: Academic Year – Fall Semester Number of Students Full-Time Part-Time Total Headcount Full-Time Equivalent* 2012-13 2,307 29 2,336 2,317 2011-12 2,331 21 2,352 2,338 2010-11 2,372 18 2,390 2,378 2009-10 2,368 28 2,396 2,377 2008-09 2,248 50 2,298 2,265 * Full time students plus one-third of part-time students. The fall semester of 2012 student body is comprised of students from 42 states, Puerto Rico, the Virgin Islands, and 35 foreign nations. The most represented state amongst the student body is Indiana (38%). The University’s success in attracting domestic students of color is reflected in the fact that 19% of the fall 2012 incoming class is comprised of members of this group. Eighty-nine percent of the entering freshmen students in the fall of 2011 returned to the University in the fall of 2012. In each of the last three years, the University’s four-year and five-year graduation rates exceeded 74%. STUDENT ADMISSIONS The following table sets forth information regarding applications, admissions, and enrollments for the last five years: Freshmen Admission Information (Fall of Year Shown) Total Applications Number of Students Accepted Selectivity: Number of Students Accepted as Percent of Applicants Number of Students Enrolled Matriculation: Number of Students Enrolled as Percent of Acceptances Percent of Enrolled Students in Top 10% of High School Class Median Combined SAT Scores of Enrolled Class1 2012 4,913 2011 5,131 2010 5,237 2009 4,728 2008 4,403 3,023 62% 2,950 57% 2,966 57% 2,882 61% 2,627 60% 578 19% 584 20% 609 21% 717 25% 600 23% 44% 50% 53% 51% 51% 1,220 1,230 1,180 1,210 1,220 1 Scores do not include the recently incorporated writing component of the SAT. DePauw University Page 1 TUITION AND FEES The following table shows the annual tuition and room and board charges for a full-time student for the current academic year and each of the last five academic years. Year 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 Tuition $38,280 36,500 34,440 32,800 31,400 29,300 Fees $470 465 465 450 425 400 Room and Board $10,200 9,730 9,180 8,740 8,400 8,100 Total $48,950 46,700 44,085 41,990 40,225 37,800 For 2012-13 DePauw ranks 5th highest in the cost of tuition, fees and room and board among the thirteen Great Lakes Colleges Association (GLCA) schools. The highest tuition, fees and room and board charges for GLCA schools this year totals $57,910, with the lowest cost being $35,750. Eight schools in the GLCA have charges totaling less than DePauw. Tuition is due approximately three weeks prior to the beginning of each semester, unless the student elects a deferred payment plan. Approximately 21% of students participate in some form of tuition payment program at the University. Course registration, transcripts and diplomas are withheld in the case of a student who has any unpaid obligations to the University. STUDENT HOUSING University residential housing facilities include for 2012-13 seventeen residence hall buildings with a total system capacity of 1,009 students (actual occupancy 977). In addition, there are 387 students residing in other University-owned apartment units (427 total capacity). The newest residence hall facilities in Rector Village were constructed in 2004. The newest apartment complex was constructed in 2007. Fraternity and sorority houses provide living space for an additional 861 students. Approximately 100 students study off-campus each semester. All first-year students are required to live in one of six residence halls (freshmen are not permitted to live in Rector Village), and all other students (with limited exceptions) are required to live either in University housing units or in a fraternity or sorority house. The number of students living in University residential units, the percentage they represent of total enrollment, and the occupancy rates of the residence halls for the last five academic years are found in the table below: Number of Students Percentage of Student Body Occupancy Rate DePauw University 2012-13 1,364 59% 95% 2011-12 1,394 60% 96% 2010-11 1,481 63% 97% 2009-10 1,440 60% 96% 2008-09 1,321 57% 93% Page 2 FINANCIAL AID TO STUDENTS The financial aid table below estimates the total amount of financial aid committed to students based on fall enrollments in each of the indicated fiscal years and differs from the actual amounts awarded. Some categories of awards flow directly to students and are not reflected in the Financial Statements of the University. Other statistics follow. 2012-13 University Funds (Scholarships/Grants) Unfunded Funded (Endowed Awards) State Awards Pell Grant (Federal) Supplemental Educational Opportunity Grant (Federal) ACG & SMART (Federal) Private Scholarships & Grants (Outside) Employment Perkins Loan Fund DePauw Loan Funds Federal Stafford Student Loan Funds TOTAL Percentage of student body receiving financial aid Number of students receiving scholarships/ grants Number of students receiving loans 2011-12 2010-11 2009-10 2008-09 $31,824,500 16,200,000 942,548 1,850,397 $30,925,300 15,795,789 849,583 1,848,526 $28,719,273 16,743,029 857,523 1,831,456 $27,542,588 15,379,633 970,424 1,660,332 $22,356,549 15,167,000 1,618,577 1,012,623 203,452 - 249,288 - 228,525 284,950 299,416 204,725 378,881 95,200 2,814,820 1,152,652 312,100 165,000 3,313,783 1,162,261 379,009 273,500 3,176,617 1,162,389 408,629 302,908 2,995,691 1,381,000 779,911 333,307 2,854,526 1,118,000 933,130 301,065 6,047,538 $61,513,007 6,516,196 $61,313,235 6,319,987 $60,035,286 4,424,236 $55,971,263 3,274,524 $49,110,075 96% 97% 98% 97% 95% 2,236 2,293 2,328 2,280 2,179 1,010 1,092 1,049 1,057 1,095 ENDOWMENT The University considers its endowed assets to include donor-restricted, board-designated and various other assets, such as marketable securities, perpetual trusts held by others, cash surrender value of expected life insurance proceeds, selected fixed assets and certain notes receivable. Donor restricted endowment funds are subject to the restrictions of gift instruments requiring that the principal be invested in perpetuity and only the income be utilized. While the board-designated endowment funds have been established by the Board of Trustees for the same purposes as donor-restricted funds, any portion of these funds may be expended upon proper action by the Board. Endowment income and net gain on sale of securities are distributed by a unitized method in compliance with appropriate restrictions. The University is also an income beneficiary of separate trusts which are administered by others, and over which the University has no control. DePauw University Page 3 The following table shows the market value of the endowment fund and trusts administered by others for the fiscal years ended June 30, 2008-2012. Fiscal Year Ended June 30 2012 2011 2010 2009 2008 Endowment Fund $473,111,365 491,088,806 426,692,924 417,500,892 534,336,972 Trusts Adm. by Others $9,935,257 9,831,957 8,360,869 7,862,617 10,197,406 Total Endowing Resources $483,046,622 500,920,763 435,053,793 425,363,509 544,534,378 The University holds annuity, life income and charitable trust funds. The annuity funds represent gifts to DePauw subject to the payment of annuities to the donor and/or named beneficiaries. The present value of the aggregate liability for annuities payable based upon life expectancy tables is included as a liability in the University’s financial statements. The University’s interest in life income and charitable trust funds is subject to life income interests and similar arrangements with donors. On satisfaction of the particular obligations, the principal balance of the respective fund is transferred to the fund group designated by the donor. From June 30, 2008 through June 30, 2012, the market value of the assets in this group of funds, which will be available to settle the liabilities to the donors and/or named beneficiaries, was as follows: Annuity, Life Income and Charitable Trust Funds Fiscal Year Ended June 30 2012 2011 2010 2009 2008 Market Value $24,440,317 26,079,325 24,722,174 21,841,389 25,835,773 GIFTS, GRANTS AND BEQUESTS In order to continue to support the University and its programs, DePauw actively seeks gifts, grants and bequests, including: In February of 2012, DePauw’s Board of Trustees endorsed a comprehensive campaign that targets funds for faculty and intellectual life, financial aid and student access, student engagement and outcomes, and capital improvements to renew and improve the DePauw campus. As of November 30, 2012, commitments of $90,679,588 had been received in support of the campaign. A campaign target will be announced when the campaign moves from the silent to public phase. The announcement is expected to take place in late 2013 or early 2014. “The Campaign for DePauw: Leadership for a New Century,” which was completed in April of 2000, had a strong emphasis on fundraising to endow financial aid and support faculty development. Resources from this successful fundraising campaign have been invested to create a unique faculty development program which includes opportunities to recognize faculty excellence in teaching, scholarship and service through appointment of over 30 endowed professorships, faculty renewal opportunities through enhanced sabbatical opportunities and over 70 grants to reassign faculty members from some aspect of their normal teaching to course development or scholarly/creative activities. DePauw University Page 4 Approximately 2% of faculty compensation is paid in the form of limited-duration (2-, 3-, 4- and 5- year) merit bonuses. Spurred by new aspirations for excellence by quickly surpassing the original campaign target of $153 million, the trustees set a new goal midway through the campaign of $300 million and eventually raised $374 million. Building on a grant for excellence of $20,000,000 from the Lilly Endowment in 2001, DePauw has created a series of technology-based initiatives, termed its 361° programs. These include technology workshops for all students in competitive co-curricular technology internship programs, faculty instructional technology support, greatly improved facilities (60% tech classrooms), and an expanded student support staff. DePauw has received national recognition for its leadership in the use of technology to enhance teaching and learning. Gifts, grants, and bequests received by the University for the past five fiscal years were as follows: Current Unrestricted Current Restricted Student Loan Funds Endowment Funds Life Income Funds Plant Funds Auxiliary Total 2012 $5,803,218 8,302,494 46,745 4,442,493 2,880,007 7,689,169 0 $29,164,126 2011 $6,244,401 5,663,204 500 6,593,597 273,710 11,925 $18,787,337 2010 $5,020,310 3,554,259 50,650 3,476,416 1,457,477 557,273 $14,116,385 2009 $5,372,277 1,156,755 700 2,712,169 1,338,535 1,040,370 $11,620,806 2008 $7,913,267 1,221,004 343,967 5,878,036 1,639,613 2,240,380 170,523 $19,406,790 The Annual Fund The table below shows the annual fund contributions for each of the last five fiscal years: Year 2011-12 2010-11 2009-10 2008-09 2007-08 Total $4,642,400 5,040,993 4,946,180 4,434,118 4,991,346 PHYSICAL PROPERTY The following table reflects the University’s investment in plant, on an original cost basis, with recognition of accumulated depreciation and net investment for the periods indicated. Investment in Plant Year Ended June 30 2012 2011 2010 2009 2008 DePauw University Original Cost 347,895,281 343,819,721 342,171,303 341,085,015 335,344,554 Accumulated Depreciation 140,670,961 132,494,809 124,709,478 116,549,326 108,174,041 Original Cost Less Depreciation 207,224,320 211,324,912 217,461,825 224,535,689 227,170,513 Page 5
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