How is the funding spent?
Some Key Facts:
The College and Merton College Charitable Trust received £402k in revenue grants and donations, and £3,919k in endowments and capital donations of which £1,247k was mainly toward the T. S. Eliot Theatre.
Endowments received include £877k for the Peter Braam Research Fellowship, £663k for the Student Support Fund, £652k for the Douglas Algar Humanities Fellowship, £562k for the English Fellowship, £350k for the Peter Braam Graduate Scholarship and several other benefactions.
43% of revenue income derives from College investments, including restricted funds.
Fees and grants are mainly state-controlled and cover only about 75% of teaching costs and other academic related expenditure, before making any allowances at all for premises or overhead costs.
Despite the financial crisis, Merton has achieved the following annualised investment returns over the past 5 years:
- Merton Endowment 7.8% per annum compared to
- Gilts FTSE All Stocks 6.0%
- Equities MSCI 4.5%
Revenue expenditure at Merton last year was £10.88 million. Income for 2010/11, £9.97 million, left the College with a shortfall of £910,000. This deficit would have been far greater, around £1.6 million, were it not for the many generous donations from our Alumni during the course of the year.
Download the Annual Fund Brochure 2012-13.
Read more about our program of events leading up to Merton's 750th.
