The post-secondary landscape is in a time of tremendous change, with declining public funding and the rapid growth of open education, universities are frequently asked to do more with less. Yet UBC has risen to meet these challenges through strategic revenue diversification, careful management of assets, and a continued focus on fundraising for projects across the university.
Below is a snapshot of the financial story for the university this past year and highlights its efforts to maintain a fiscal balance for the fourth year in a row through sustainable management of its physical and financial assets, diversifying revenue in order to reduce reliance on declining provincial funding, and increasing self-funding to continue investing in remarkable student learning experiences at UBC.
Balanced operating budget at both the Faculty and unit level for the 4th year in a row.
55% of the University’s operating budget now coming from non-government sources.
Student housing increase of 4,000 beds to 12,000 during the President’s term.
UBC Facilities have been renewed, improved and expanded.
Annual fundraising efforts have nearly doubled to reach $213 million dollars.