Growth in Total Assets 0 $50 $100 $150 $200 2011 2012 2013 2014 2015 IN MILLIONS Statements of Activities 6/30/15 6/30/14 Public support and revenues Gifts, contributions and other $ 26,351,353 $ 12,957,293 Investment income (loss) 866,057 16,471,304 Total public support and revenues $ 27,217,410 $ 29,428,597 Expenses Program Services Academic assistance $ 17,153,208 $ 9,223,262 Student assistance 3,273,978 3,408,662 Total program services 20,427,186 12,631,924 Supporting Services Management and general 1,604,061 1,998,710 Fundraising 1,221,852 769,253 Total supporting services 2,825,913 2,767,963 Loss on Equity Investment — — Total expenses 23,253,099 15,399,887 Change in net assets 3,964,311 14,028,710 Net assets beginning of year 174,578,082 160,549,372 Net assets end of year $178,542,393 $174,578,082 Student Assistance 16% Academic Assistance 84% Program Service Expenses Decade of graduation Percentage of alumni donors in Fiscal Year 2015 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 20% 12% 17% 24% 16% 7% 1% 3%