UW total revenues have grown consistently, with the exception of 2008 and 2009. These two years were impacted by significant market declines in the value of investments. Unrealized losses in those years were recovered to a significant degree by 20111.
The UW has a diversified revenue base. No single source generated more than 38% of the total fiscal year 2012 revenues of $4.8 billion. Grant revenues have increased significantly over the ten year period in total dollars, but average about 30% of total revenues. The growth in grants in 2010 and 2011 relate primarily to funding received by the UW related to the American Recovery and Reinvestment Act of 2009.
Patient service revenues and tuition revenues have increased as a percentage of total revenues as well as in absolute dollars, driven by growth in UW Medicine operations, and increasing tuition rates, respectively. The percentage of revenues from state support has declined precipitously over the last ten years, from a high of 15% of total revenues in 2003 to 5% of total revenues in 20122. "Other" includes unrealized gains and losses on investments, which have been rather volatile over the past several years.
1,2 Note: 2011 results include Northwest Hospital. 2012 results include Northwest Hospital and Valley Medical Center.
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