Despite excellent recent financial results, the COVID-19 pandemic has significantly and negatively impacted university finances, causing over $200 million in lost revenues or increased expenses in FY21 alone and totaling over $350 million since March 2020, they said. The university’s central unrestricted funding source — the funds available for general use by the president and provost — finished the year with an unprecedented $98 million deficit. This deficit, they said, was due to a conscious decision to cover all COVID-related expenses — including testing, contact tracing, and personal protective equipment — centrally instead of assessing them to individual units.
https://news.yale.edu/2021/11/01/yale-leaders-provide-budget-update-2021-22
