These gifts and grants are recognized as revenue in the operating budget when they are spent, not at the time they are received. Sponsored programs accounted for nearly 25 percent of fiscal year 1998 revenue. Endowment represents spending of endowment earnings that have been distributed according to the spending rate approved by the Corporation. Overhead includes the operation and maintenance of facilities, library costs, and administrative services. In fiscal year 1998, Brown devoted approximately 41 percent of its operating expenditures to instruction.
Student aid encompasses the costs of undergraduate scholarships and graduate fellowships.
Research includes all of the direct costs associated with externally-funded projects and programs. Administration covers the business and administrative activities of the University, such as police and security, human resources, academic and financial management, legal representation, and executive offices.