University looks to donors to help erase deficit, tuition - Joseph Fanelli, the DePaw

DePauw reported an unrestricted operating deficit of $4.8 million at the end of the 2011-2012 academic year. A number Brad Kelsheimer, vice-president of finance and administration, said is large in comparison to DePauw’s peer institutions. DePauw has an operating budget around $85 million a year that is funded through a number of resources such as tuition, endowment draw and donations. A deficit means that at the end of the year, DePauw is reporting a loss of revenue spent and revenue earned. http://www.thedepauw.com/news/university-looks-to-donors-to-help-erase-deficit-tuition-1.2907964#.UFxw5bJmRl8