Statement of Activities
Summary Statement of Changes in Net Assets
Years Ended May 31, 2024 & 2025
(in thousands of dollars)
| May 31, 2024 | May 31, 2025 | |
|---|---|---|
| Total Operating Revenues | $996,183 | $1,073,562 |
| Total Operating Expenses | (990,452) | (1,067,465) |
| Non-Operating Activities: | ||
| Return on Long-Term Investments | 213,738 | 112,424 |
| Distributions from Long-Term Investments | (90,771) | (98,369) |
| Endowment Earnings & Distributions Re-invested | 3,244 | 2,899 |
| Change in Value of Split-Interest Agreement | 2,942 | 2,004 |
| Gifts for Endowment, Annuity & Living Trusts | 31,750 | 40,974 |
| Gifts & Grants for Plant Improvements | 7,522 | 3,964 |
| Other | (1,804) | (1,139) |
| Total Non-Operating Activities | 166,621 | 62,757 |
| Change in Total Net Assets | $172,352 | $68,854 |