COVID-19 Update

Budget Facts

Supporting Our Mission

Rutgers' budget reflects our priorities, with the majority of our budget dedicated to student instruction, research, and public service. The charts below depict the distribution of revenues and expenditures in Rutgers' budget.

Revenues

Where does our revenue come from? The university receives revenue from the following public and private sources.

  • Tuition and fees: 28.9 percent

  • Patient care services: 21.8 percent

  • The State of New Jersey: 18.9 percent

  • Miscellaneous sources: 15 percent

  • Sponsored research (grants and contracts): 13.9 percent

  • One-time federal relief funds: 1.5 percent

Source: FY22 Budget, Office of University Finance and Administration

Rutgers FY22 Revenue chart

Expenditures

How do we spend our budget? A significant portion of the university’s expenditures support classroom instruction, academic support, student services, scholarships, research, public service, extension, and patient care.

  • Core missions of academic instruction, research, public service, and patient care, including compensation costs: 77.9 percent 
  • Administration, operations, and maintenance: 14.5 percent
  • Auxiliary enterprise: 4.8 percent
  • Athletics: 2.8 percent

Source: FY22 Budget, Office of University Finance and Administration
 

Rutgers FY22 Expenditures chart

Rutgers' Endowment

Rutgers' endowment is a set of funds that come primarily from charitable donations raised through Rutgers University Foundation. The goal of the endowment is to provide a permanent source of income beyond tuition and state monies to support the university's mission.

As of December 31, 2019, the Endowment had assets in excess of $1.4 billion. The endowment has become an increasingly important element in the university's funding of more student aid, pioneering research, innovative teaching programs, and new technologies. The endowment is also essential to the university's ability to attract and retain senior faculty and to maintain a vast physical infrastructure, including classrooms, libraries, laboratories, and health care facilities.

Rutgers students