Liquidity
May 31, 2021 & 2022
(in thousands)
| 2021 | 2022 | |
| Financial assets: | ||
| Cash and cash equivalents | $ 309,236 | $ 311,574 |
|
Student accounts receivable, net |
35,311 | 35,784 |
| Contributions receivable, net | 107,309 | 96,919 |
| Grants and other receivable, net | 37,078 | 42,635 |
| Student loans receivable, net | 6,179 | 5,305 |
| Long-term investments, at fair value | 1,905,616 | 2,183,760 |
| Financial assets at year-end | 2,400,729 | 2,675,977 |
Less assets unavailable for expenditure within one year, due to: |
||
| Endowment assets with perpetual restrictions | (867,196) | (917,032) |
| Endowment assets subject to future appropriation | (600,877) | (678,057) |
| Assets subject to time or purpose restrictions | (181,875) | (187,842) |
| Board-designated endowment funds | (361,376) | (398,528) |
| Financial assets available to meet cash needs for general expenditures within one year | $ 389,405 | $ 494,518 |