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D E A R F R I E N D S ,This past year has been an extraordinary one for Augsburg College. Despite continued challenges in the economy,through the generosity and good work of the entire Augsburg community, we closed the fiscal year with asolid financial performance and entered the 2010-2011 academic year with a record number of students inour day, weekend, and graduate programs.While these achievements are significant, it is your ongoing and steadfast support for the education of ourstudents that is most gratifying. As a college, we believe we are called to serve our neighbor, and I am humbledby and grateful for theAugsburg alumni, family, and friends who join with us in pursuing this calling.Our new mission statement—adopted last spring following two years of rich conversation across theAugsburg community—makes a bold statement of our aspirations for our students: We educate students to beinformed citizens, thoughtful stewards, critical thinkers, and responsible leaders.Never in the history of this institution has the world had a greater need for future leaders with these abilities.And never before have your gifts been more important to ensuring that this education remains withinreach for our growing and increasingly diverse community of students.As we continue to live out our mission and provide a uniquely Augsburg education—an education definedby excellence in the liberal arts and professional studies, guided by our Lutheran faith and values, and shapedby our urban and global settings—I ask for your abiding engagement and support. Your gifts make possible aneducational experience like no other—one that challenges our students to recognize and live out their individualcallings and, through those efforts, make a lasting difference in our world.Sincerely,PAUL C. PRIBBENOWPRESIDENT30 Augsburg Now
A N N U A L R E P O R T 2 0 0 9 - 1 02 0 0 9 - 2 0 1 0 F I N A N C I A L H I G H L I G H T SWhere the Money Comes From6%Other sources5%Government grants4%Private gifts and grantsWhere the Money Goes4%Debt service2%Student salary3%Equipmentand capitalimprovement3%Utilities12%Room and board73%Tuition44%Salary and benefits20%Other24%Financial aid2010 Endowment Market ValueMay 31, 2010$28,641,248As of May 31, 2010, we have annual realizedand unrealized gains of 14.65% on our endowment.Our five-year average annual return onthe endowment is 1.20% and the 10-yearaverage annual return is 1.18%. Weare committed to maintainingthe value of principal gifts$14.2and to provide support to the$11.5College in perpetuity.$16.4$20.0$23.2$26.6$24.8$22.7 $23.3 $25.4 $26.7 $30.5$34.5 $33.7$26.2$28.61995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008Endowment Assets(in millions)June 1, 1995 – May 31, 201020092010Fall 201031
Page 1 and 2: UGSBURG NOWFALL 2010VOL. 73, NO. 1g
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