Value of property and liabilities of degree-granting institutions: Selected years, 1899-1900 to 1995-96

Table 360.

Value of property and liabilities of degree-granting institutions: Selected years, 1899-1900 to 1995-96 [In thousands]

__________________________________________________________________________________________________________________
               |                          Property value at end of year                   |           |
               |__________________________________________________________________________| Endowment |Liabilities
     Year      |           |                Physical plant value            |   Endowment |  (end of  | of plant
               |   Total   |________________________________________________|    (book    |year market|   funds
               |           |   Total   |   Land   |   Buildings  |Equipment |   value)\1\ | value)\1\ |
_______________|___________|___________|__________|______________|__________|_____________|___________|___________
       1       |     2     |     3     |    4     |        5     |    6     |       7     |     8     |     9
_______________|___________|___________|__________|______________|__________|_____________|___________|___________
    Higher     |           |           |          |              |          |             |           |
  education    |           |           |          |              |          |             |           |
institutions\2\|           |           |          |              |          |             |           |
1899-1900 .....|   $448,597|   $253,599|      --- |          --- |      --- |\3\  $194,998|       --- |       ---
1909-10 .......|    781,255|    457,594|   $92,359|      $297,153|   $68,082|\3\   323,661|       --- |       ---
1919-20 .......|  1,316,404|    747,333|   128,922|       495,920|   122,491|\3\   569,071|       --- |       ---
1929-30 .......|  3,437,117|  2,065,049|   304,114|     1,490,014|   270,921|\3\ 1,372,068|       --- |       ---
1935-36 .......|  3,913,028|  2,359,418|   334,085|     1,636,722|   388,611|\3\ 1,553,610|       --- |       ---
               |           |           |          |              |          |             |           |
1937-38 .......|  4,208,695|  2,556,075|   313,665|     1,811,309|   431,101|    1,652,620|       --- |       ---
1939-40 .......|  4,440,063|  2,753,780|      --- |          --- |      --- |    1,686,283|       --- |       ---
1941-42 .......|  4,525,925|  2,759,261|      --- |          --- |      --- |\3\ 1,766,664|       --- |       ---
1947-48 .......|  6,076,212|  3,691,725|      --- |          --- |      --- |    2,384,487|       --- |       ---
1949-50 .......|  7,401,187|  4,799,964|      --- |          --- |      --- |\3\ 2,601,223|       --- |       ---
               |           |           |          |              |          |             |           |
1951-52 .......|  9,241,725|  6,373,195|      --- |          --- |      --- |    2,868,530|       --- |       ---
1953-54 .......| 10,717,082|  7,523,193|      --- |          --- |      --- |    3,193,889|       --- |       ---
1955-56 .......| 12,561,046|  8,858,907|   624,467|\4\  6,697,648| 1,536,792|    3,702,139|       --- |   $894,383
1957-58 .......| 15,770,197| 11,124,489|   733,182|\4\  8,540,429| 1,850,878|    4,645,708|       --- |  1,444,602
1959-60 .......| 18,870,628| 13,548,548|   842,664|\4\ 10,472,478| 2,233,407|    5,322,080|       --- |  1,964,306
               |           |           |          |              |          |             |           |
1961-62 .......| 22,761,193| 16,681,844| 1,009,294|\4\ 12,900,093| 2,772,457|    6,079,349|       --- |  2,806,868
1963-64 .......| 28,232,362| 21,279,346| 1,292,691|\4\ 16,460,867| 3,525,788|    6,953,016|       --- |  4,190,189
1965-66 .......| 35,274,597| 26,851,273| 1,758,901|\4\ 20,653,028| 4,439,344|    8,423,324|$11,126,831|  6,071,750
1967-68 .......|         --| 34,506,348| 2,062,545|\4\ 26,673,826| 5,769,977|         --- |       --- |       ---
1969-70 .......| 52,930,923| 42,093,580| 3,076,751|    31,865,179| 7,151,649|   10,837,343| 11,206,632|  9,384,731
               |           |           |          |              |          |             |           |
1970-71 .......| 57,394,951| 46,053,585| 3,117,895|    35,042,590| 7,893,100|   11,341,366| 13,714,330|  9,786,240
1971-72 .......| 62,136,459| 50,153,251| 3,287,326|    38,131,339| 8,734,586|   11,983,208| 15,180,934| 10,291,095
1972-73 .......| 66,814,103| 53,814,596| 3,492,611|    40,808,481| 9,513,503|   12,999,507| 15,099,840| 10,823,595
1973-74 .......| 71,305,817| 58,002,777| 3,888,372|    43,701,491|10,412,914|   13,303,040| 13,168,076| 11,400,916
1974-75 .......| 75,585,674| 62,183,078| 4,210,901|    46,453,642|11,518,536|   13,402,596| 14,364,545| 12,413,420
               |           |           |          |              |          |             |           |
1975-76 .......| 80,300,595| 66,348,304| 4,345,232|    49,349,224|12,653,847|   13,952,291| 15,488,265| 12,687,015
1976-77 .......| 85,486,550| 70,739,427| 4,444,927|    52,384,393|13,910,107|   14,747,123| 16,304,553| 13,068,341
1977-78 .......| 90,337,044| 74,770,804| 4,621,071|    55,188,603|14,961,131|   15,566,240| 16,840,129| 13,437,861
1978-79 .......| 95,442,468| 78,637,991| 4,824,250|    57,563,005|16,250,737|   16,804,477| 18,158,634| 13,712,648
1979-80 .......|102,294,859| 83,733,387| 5,037,172|    60,847,097|17,849,119|   18,561,472| 20,743,045| 14,181,991
               |           |           |          |              |          |             |           |
1980-81 .......|109,701,242| 88,760,567| 5,212,453|    64,158,017|19,390,097|   20,940,675| 23,465,001| 14,794,669
1981-82 .......|117,601,954| 94,516,512| 5,402,339|    67,794,877|21,319,297|   23,085,442| 24,415,245| 15,487,618
1982-83 .......|127,345,302|100,992,841| 5,889,080|    71,519,718|23,584,042|   26,352,461| 32,691,133| 16,749,900
1983-84 .......|137,141,741|107,640,113| 6,109,746|    75,220,765|26,309,602|   29,501,629| 32,975,610| 18,277,315
1984-85 .......|148,163,096|114,763,986| 6,236,159|    79,133,998|29,393,829|   33,399,110| 39,916,361| 22,105,712
               |           |           |          |              |          |             |           |
1985-86 .......|160,959,517|122,261,355| 6,573,923|    82,886,012|32,801,419|   38,698,162| 50,280,775| 25,699,408
1986-87 .......|       --- |126,426,171| 7,165,445|    84,838,657|34,422,069|         --- | 56,585,153|       ---
1987-88 .......|       --- |139,456,342| 8,307,789|    92,428,615|38,719,937|         --- | 57,391,814|       ---
1988-89 .......|       --- |158,693,085| 9,462,095|   104,743,145|44,487,845|         --- | 64,155,247|       ---
1989-90 .......|       --- |164,635,000| 9,968,000|   108,609,000|46,058,000|         --- | 67,978,726|       ---
               |           |           |          |              |          |             |           |
1990-91 .......|       --- |178,084,000|10,028,000|   117,683,000|50,373,000|         --- | 72,048,579|       ---
1991-92 .......|       --- |184,813,238|10,528,395|   122,422,566|51,862,277|         --- | 82,534,026|       ---
1992-93 .......|       --- |192,760,817|11,006,451|   128,436,599|53,317,767|         --- | 92,239,311|       ---
1993-94 .......|       --- |199,463,715|11,197,662|   133,124,680|55,141,373|         --- | 96,012,591|       ---
1994-95 .......|       --- |212,201,113|11,710,436|   142,553,837|57,936,840|         --- |109,706,704|       ---
               |           |           |          |              |          |             |           |
Degree-granting|           |           |          |              |          |             |           |
institutions\5\|           |           |          |              |          |             |           |
1995-96 .......|       --- |220,400,104|11,407,020|   150,458,886|58,534,198|         --- |128,837,030|       ---
_______________|___________|___________|__________|______________|__________|_____________|___________|___________

---Not available.
\1\Includes funds functioning as endowment.
\2\Institutions that were accredited by an agency or association that was recognized by the U.S. Department of Education, or recognized directly by the Secretary of Education.
\3\Includes annuity funds.
\4\Includes improvements to land and equipment. These funds are included under appropriate categories after 1967-68.
\5\Data are for 4-year and 2-year degree-granting institutions that were participating in Title IV federal financial aid programs.

NOTE: Detail may not sum to totals due to rounding.

SOURCE: U.S. Department of Education, National Center for Education Statistics, Annual Report of the Commissioner of Education, 1899-1900 and 1909-10; Biennial Survey of Education in the United States, 1919-20 through 1963-64; Higher Education General Information Survey (HEGIS), "Financial Statistics of Institutions of Higher Education" surveys, 1965-66 through 1985-86; and Integrated Postsecondary Education Data System (IPEDS), "Finance" surveys, 1986-87 through 1995-96. (This table was prepared November 1998.)

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