Campaign Progress: Spread Your Wings 
Launched in 2022, Spread Your Wings: The Campaign for Endicott College will ensure Endicott can grow to meet—and anticipate—the challenges of a rapidly changing world. Through a mix of endowed, current use, and planned funds, the College is equipped to advance our three campaign priorities: Power of Place, Strength of Story, and Transformational Learning.
As of June 30, 2024, we've raised $51,414,708 of our $75 million goal.
Endowed: 6.3% | Current Use: 69.4% | Planned: 24.3%
Financial Summary | Fiscal Year 2024
Fiscal Year 2024 Financial Narrative
Endicott College completed the annual financial reporting for the year ended June 30, 2024. The financial reporting contains the opinion of the College’s independent auditors and the financial statements with related footnotes. In order to provide additional context to these results, the College has provided a narrative of financial performance over the last fiscal year. Endicott College ended Fiscal Year 2024 in a strong financial position.
Statement of Financial Position
The fiscal year ended on June 30, 2024 with total assets of $535 million—$27 million, or 6%, higher than the end of the previous fiscal year. This increase was primarily driven by an increase in buildings, with the completion of the Cummings School of Nursing & Health Sciences and the new residence hall, Venuti Hall, as well as an increase in investments. Total liabilities amounted to $142 million—$1 million, or 1%, lower than the previous fiscal year. This change was driven primarily by $3 million in debt principal payments net of $2 million increase in deferred revenue. The total net assets, which is the difference between the College’s assets and its liabilities and the equivalent of its net worth, totaled $393.5 million as of June 30, 2024—an increase of $28.6 million, or 8%.
Endicott College Endowment Growth
Fiscal Year 2019 through Fiscal Year 2024
| Fiscal Year | Growth |
|---|---|
| 6/30/24 | $146,734,426 |
| 6/30/23 | $130,663,794 |
| 6/30/22 | $119,158,127 |
| 6/30/21 | $129,111,878 |
| 6/30/20 | $100,750,882 |
| 6/30/19 | $95,783,043 |
"Endicott College carefully aligns multiple goals to ensure steady income, foster portfolio growth, manage risk, maintain flexibility in unpredictable markets, and adopt investment practices that reflect the College’s values.With thoughtful oversight, Endicott’s leadership remains committed to the core fiduciary duty to meet the College’s needs."
—Michelle Labossiere P’20Treasurer, Endicott College Board of Trustees
Giving | Fiscal Year 2024
We saw impressive fundraising momentum, with record-breaking contributions and the creation of ten new endowed funds to support myriad College initiatives.
$9,591,651 total raised from 7,046 donors between July 1, 2023–June 30, 2024
New Endowed Funds, 2023–24
- Arlene Sydiskis Battistelli ’60 Speaker Fund
- Class of 1952 Endowed Internship Fund
- Paula M. Chandoha ’69 Family Scholarship
- Peter Frates Memorial Scholarship Fund
- Paul & Sam Rothman Family Scholarship
- Priscilla Taggart Connard Scholarship
- Shanklin Family Scholarship
- Sheehan Family Excellence in Teaching Fellowship at the School of Nursing
- Zachary Markowitz ’14 Memorial Scholarship
Sources of Philanthropy, 2023–24
- Foundations: 32.59%
- Alumni: 20.45%
- Corporations: 17.93%
- Parents: 13.49%
- Trustees: 9.03%
- Friends: 4.20%
- Employees: 1.95%
- Students: 0.35%