The Finance and Investment Offices oversee the financial responsibilities of the College which include the budget, financial planning, endowment and debt management, and stewardship of financial resources.
In fiscal year 2019—2020, the total expenditures were $190 million. As of June 30, 2020, the endowment's market value was $2.1 billion.
The endowment objective is to provide a sustainable level of income distribution in support of the College's annual operating budget while preserving the real purchasing power of the endowment before gifts.
The distribution from the endowment is the largest source of revenue for the College budget. Over the long-term endowment spending, as a percent of the endowment market value (i.e. spending rate), is targeted to average within the range of 3.5% to 5.0%.
The College utilizes tax-exempt debt as an economically attractive way to finance capital projects. As of June 30, 2020, the College had $285.7 million in debt outstanding issued through the Swarthmore Borough Authority. Swarthmore's debt is Aaa rated by Moody's and AAA by Standard & Poor's.
- 2020-2021 Operating Budget and Memo [PDF]
- 2019-2020 Operating Budget [PDF]
- 2018-2019 Operating Budget [PDF]
- Audited Financial Reports and IRS Form 990
- Swarthmore College Endowment Report [PDF]
- Swarthmore Fact Book [PDF]