Whitworth's financial health is sound thanks to generous donors, steady enrollment, and consistent management of existing institutional resources. The strong financial position documented in this report is possible due to the generosity and steadfast commitment to our mind-and-heart mission of the Whitworth community.
Current: $183 million (total endowment)
Current/Past Performance (as of June 30, 2022)
| Net Position | 2021 | 2022 |
|---|---|---|
| Assets (Data in Thousands) | ||
| Cash and cash equivalents | $4,661 | $4,043 |
| Receivables | $18,557 | $17,264 |
| Investments and other assets | $254,630 | $229,688 |
| Net plant | $129,011 | $134,052 |
| Total assets | $406,859 | $385,047 |
| Liabilities | ||
| Accruals, other liabilities | $21,942 | $18,244 |
| Annuities | $8,465 | $6,714 |
| Long-term debt | $93,652 | $95,505 |
| Total liabilities | $124,059 | $120,463 |
| Total net assets | $282,800 | $264,584 |
| Total net assets & liabilities | $406,859 | $385,047 |
| Non-Operating Revenues | |
|---|---|
| Net long-term investment income/gains (losses) | ($23,240) |
| Contributions for endowment and capital projects | $4,382 |
| Actuarial adjustment to retiree health benefits | $133 |
| Non-operating change in net assets | ($18,725) |
| Change in net assets | ($18,216) |
| Net assets, beginning of year | $282,800 |
| Net assets, end of year | $264,584 |
The past five years of donor support encompasses the final years of the $155M Campaign for Whitworth (which ended June 30, 2021) and the pandemic era. In spite of the uncertainty of this season, thanks to the generosity of our supporters there is much to celebrate and look forward to. We dedicated the new Dornsife Health Sciences Building in April, and the first cohorts of our two new doctoral programs in physical therapy and occupational therapy started classes in the fall. The Viren House Admissions Center came online, providing a wonderful new front door to prospective students and their families. Finally, a significant renovation and resurfacing was completed on Boppell Track, assuring that our outdoor athletics facilities remain the toast of the Northwest Conference.
As we look ahead to so many cultural and demographic challenges facing higher education in the next several years, our community's faithful support inspires us. We are deeply thankful for the thousands of alumni, parents and friends who believe strongly in Whitworth's mind and heart mission. You sustain the work we do and our vision for what the future holds.
| Year | Total (Data in Thousands) | The Whitworth Fund | Other Unrestricted | Unrestricted Total | Restricted Total |
|---|---|---|---|---|---|
| 2017-18 | $12,752 | $1,125 | $678 | $1,803 | $10,949 |
| 2018-19 | $15,445 | $1,252 | $869 | $2,121 | $13,323 |
| 2019-20 | $9,544 | $1,381 | $994 | $2,375 | $7,169 |
| 2020-21 | $12,304 | $1,536 | $809 | $2,345 | $9,960 |
| 2021-22 | $11,659 | $1,238 | $1,624 | $2,862 | $8,797 |
*Reflects all gifts, including payments received this year on prior-year pledges.
The Whitworth Foundation upholds Whitworth University's vital mission of educating the minds and hearts of students. Since 1972, the foundation has helped alumni and friends define their legacy through establishing deferred gifts that benefit the donor today and the university for years to come. The foundation staff, along with an experienced and knowledgeable volunteer board of directors, works with donors to develop gift plans based on their financial objectives, tax considerations and deep desire to support Whitworth.
We at The Whitworth Foundation are grateful to all of you who have included Whitworth University in your estate plans. Because of your gifts, your legacy lives on, both at Whitworth and through Whitworth, as students become equipped to serve, lead and give to a world in need.
| Total Deferred Gifts Under Management (Data in Thousands) | |
|---|---|
| Trusts | $8,148 |
| Charitable gift annuities | $1,174 |
| Pooled funds | $157 |
| Life insurance cash value | $3,635 |
| Total assets | $13,114 |
2021-22 life income gift maturities transferred to Whitworth University: $95
| New Gifts to The Whitworth Foundation | |
|---|---|
| 2017-18 | $73 |
| 2018-19 | $42 |
| 2019-20 | $126 |
| 2020-21 | $16 |
| 2021-22 | $113 |
| Five-year total | $370 |
| Realized Bequests by Fiscal Year | |
|---|---|
| 2017-18 | $486 |
| 2018-19 | $202 |
| 2019-20 | $391 |
| 2020-21 | $1,133 |
| 2021-22 | $1,050 |
| Five-year total | $3,262 |