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Annual Report 2022

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.

Whitworth Endowment

Current: $183 million (total endowment)
Current/Past Performance (as of June 30, 2022)

Total Net Assets

Net Position20212022
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
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

Statement of Activities

Operating Revenues (Data in Thousands)

  • Tuition and fees, net of financial aid: $51,644
  • Auxiliary revenue: $13,753
  • Gifts and grants for operations: $16,731
  • Net investment income for operations: $8,901
  • Total operating revenue: $91,029

Operating Expenses

  • Instructional: $42,528
  • Student services: $22,041
  • Auxiliary enterprises: $11,302
  • Institutional support: $14,649
  • Total operating expenses: $90,520
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

Five-Year Giving Summary: Generosity Exemplified

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: Define Your Legacy

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


Read annual reports from previous years.