About Hofstra
Hofstra University is a dynamic private college on Long Island, NY, where students can choose from more than 140 undergraduate and 150 graduate programs in liberal arts and sciences, business, communication, education, health and human services, and honors studies, as well as a School of Law and School of Medicine. | more |
Events
2007 Financial Report
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Hofstra’s financial strength reflects increased fund-raising activities, strong endowment growth, strengthened operating margins, and enhanced control over expenses, particularly relating to health care and post-retirement benefits. Financial resources have increased by 160.5 percent during the last four years, and Hofstra continues to enjoy debt ratings in the A category from both Moody’s and Standard & Poors. The Capital Campaign, officially launched at the 2006 Hofstra Gala, exceeded its $100 million goal as of mid-April 2008, with a total of more than $106 million. The University continues to expand its fund-raising activities and maintain tight control over expenses.
Endowment Investment
Market Value
Hofstra University saw its endowment increase to $232 million as of the end of the fiscal year on August 31, 2007, from $205 million for the same period a year earlier. That represented a step toward the University’s goal of significantly increasing its endowment to $400 to $500 million in order to better compete with peer institutions that have significantly larger endowments.
Tuition Scholarships and Fellowships
A larger endowment gives Hofstra the edge it needs to attract and retain the most highly qualified students by providing a greater number of scholarships. The University continues to make the growth of tuition scholarships a top priority. During the past five years, the University has increased scholarship funding by 93 percent to just over $48.5 million.
That increase is reflected in the changing make-up of the student body. The 2007 average SAT score for first-year students was 1179, up 118 points from fall 2000. Our first-time freshman high school GPA stood at 3.37 in fall 2007, compared with just 2.80 in fall 2000. Selectivity — the number of students accepted to Hofstra as a percentage of all those who apply — was 54 percent this year, compared to 62 percent last year and 80 percent in 2000. The percentage of students in the top 10 percent of their high school classes improved, from 23 percent last year to 26 percent this year. And 56 percent of this year’s entering class graduated in the top 25 percent of their high school classes, as compared to 46 percent last year. The percentage of first-year students from out of New York state is more than 50 percent, up from 48 percent last year.
