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Fiscal year 2016 was a good one for the University of Michigan, according to the recently published annual report. The publication is chock full of information highlighting the past year, from financials to fundraising and major facilities projects. We bring you just a few of the numbers from the fiscal year (July 2015-June 2016) here.
63,351
Students enrolled in fall 2015
17,684
Degrees granted in 2015–16
More than 55,000
Undergraduate applications, a record number
10.8 percent
Increase in undergraduate financial aid
Nearly $10 billion
Size of endowment
1.4 percent
Increase in state appropriations
$7,131 million
Total revenue for operating activities
$1.4 billion
Research expenditures in FY16, up 7.2 percent from the previous year
428
New inventions
12
New companies based on technology developed at U-M
$440.6 million
Cash gifts and pledge payments, a record (up 10 percent over last fiscal year)
$17.5 million
Gift to stimulate cancer research, the largest private gift for cancer research in the health system’s history
630
Students living in the Munger Graduate Residences, opened August 2015
2
National Medal of Art recipients: University Musical Society and Professor George Shirley
32
Acres at the newly opened M City, the world’s first controlled environment specifically designed to test the potential of connected and automated vehicle technologies
38
Major projects completed, including the construction of the new School of Nursing and renovation of the Clements Library