The University of San Diego is committed to upholding the highest standards of honest behavior, ethical conduct and fiduciary responsibility with respect to university funds, resources and property. Following is an accounting of resources and activities by combined net asset categories for the fiscal year ending June 30, 2011.

Sources of 2010–2011 Revenue, Gains and Other Support *

* Statement of activities by combined net asset categories for the fiscal year ending June 30, 2011.
Figures are unaudited and subject to change.

Operating Revenues, Gains and Other Support	2010–2011*	2009–2010	2008–2009
Tuition and fees	$204,828,144	$190,974,196	$189,089,485
Grants and contracts	13,135,198	9,423,950	9,332,839
Contributions	24,092,508	17,963,126	12,134,671
Investment income, net	56,188,351	28,838,109	(73,732,462)
Sales and services of auxiliary enterprises	45,244,622	46,057,483	45,503,735
Athletics, recreation and other	3,554,966	3,201,208	3,567,154
Total Operating Revenues, Gains and Other Support	$347,043,789	$296,458,071	$185,895,422

Operating Functional Expenses
Educational and program expenses	$156,904,648	$150,000,097	$150,600,066
Auxiliary enterprise expenditures	40,004,828	41,405,190	39,252,290
Management and general expenses	56,836,909	57,763,654	60,669,769
Total Operating Functional Expenses	$253,746,385	$249,168,941	$250,522,125

Increase in Combined Net Assets
Unrestricted net assets	$54,419,295	$22,517,824	$(28,446,062)
Temporarily restricted net assets	30,000,818	23,265,699	(39,429,507)
Permanently restricted net assets	8,877,291	1,505,607	3,248,866
Overall Increase (Decrease) in Net Assets	$93,297,404	$47,289,130	$(64,626,703)

* Statement of activities by combined net asset categories for the fiscal year ending June 30, 2011.
Figures are unaudited and subject to change.

Financial Aid Awarded *

(millions of dollars/number of students)

* Includes parent loans

Enrollment	Degrees Awarded

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Since its founding, the University of San Diego has achieved distinction on many levels. It has outstanding faculty and exceptional students, innovative undergraduate and graduate programs, centers and institutes, acclaimed community outreach efforts and competitive men’s and women’s athletic programs. The generous support of donors has helped make the university a preeminent institution of Catholic higher education.

2010–2011 Sources of Total Philanthropic Support 59.3% Community/Friends 10.3% Foundations 9.7% Corporate 8.9% Alumni 8.4% Parents 2.9% Other Donors 0.5% Faculty/Staff

2010–2011 Designations of Philanthropic Commitments 34.3% Buildings 18.3% Other Restricted 11.6% Athletics 6.9% General Scholarships/Financial Aid 6.9% School of Business Administration 5.6% College of Arts and Sciences 5.5% School of Law 4.0% Restricted Unassigned 3.9% School of Leadership and Education Sciences 1.3% Unrestricted 0.9% School of Nursing 0.8% School of Peace Studies

Philanthropic Commitments to USD*	Grants and Contracts
Endowment Fund

* Figures are unaudited and subject to change. Final year-end results may vary from those reported here.