Whitworth's overall financial health remains sound despite significant challenges faced by higher education institutions nationwide. Thanks to our generous donors, innovative programs and prudent resource management, we are well-positioned to continue our mind-and-heart mission, benefiting our community, nation and the world.
| Net Position | 2023 | 2024 |
|---|---|---|
| Assets (Data in Thousands) | ||
| Cash and cash equivalents | $2,869 | $3,858 |
| Receivables | $16,460 | $13,094 |
| Investments and other assets | $232,859 | $242,888 |
| Net plant | $132,521 | $129,920 |
| Total assets | $384,709 | $389,760 |
| Liabilities | ||
| Accruals, other liabilities | $16,388 | $15,104 |
| Annuities | $6,500 | $6,244 |
| Long-term debt | $93,140 | $90,675 |
| Total liabilities | $116,028 | $112,023 |
| Total net assets | $268,681 | $277,737 |
| Total net assets & liabilities | $384,709 | $389,760 |
| Change in net assets | $9,056 |
| Net assets, beginning of year | $268,681 |
| Net assets, end of year | $277,737 |
While the past year did not break fundraising records, there is still much to be thankful for. If you remove the large outlier gifts and estates, this past year's fundraising total was the second highest in the last six years. In addition, the number of donors increased by 6%, stemming a five-year annual decline.
We know that we can't fulfill Whitworth's call to provide each of our students with their own chance to engage both mind and heart without the generous assistance of alumni, parents and friends. Thank you for partnering with us in so many tangible ways. We covet your prayer, your gifts of time and your continued financial support.
| Year | Total (Data in Thousands) | The Whitworth Fund | Other Unrestricted | Unrestricted Total | Restricted Total |
|---|---|---|---|---|---|
| 2019-20 | $9,544 | $1,381 | $994 | $2,375 | $7,169 |
| 2020-21 | $12,304 | $1,536 | $809 | $2,345 | $9,960 |
| 2021-22 | $11,659 | $1,238 | $1,624 | $2,862 | $8,797 |
| 2022-23 | $16,219 | $1,342 | $5,165 | $6,507 | $9,712 |
| 2023-24 | $10,718 | $1,179 | $1,183 | $2,362 | $8,356 |
Note: Reflects all gifts, including payments received this year on prior-year pledges.
The Whitworth Foundation upholds Whitworth University's vital mission of educating the minds and hearts of students. Since 1972, the foundation has helped alumni and friends define their legacy through establishing deferred gifts that benefit the donor today and the university for years to come. The foundation staff, along with an experienced and knowledgeable volunteer board of directors, works with donors to develop gift plans based on their financial objectives, tax considerations and deep desire to support Whitworth.
We at The Whitworth Foundation are grateful to all of you who have included Whitworth University in your estate plans. Because of your gifts, your legacy lives on, both at Whitworth and through Whitworth, as students become equipped to serve, lead and give to a world in need.
| Total Deferred Gifts Under Management (Data in Thousands) | |
|---|---|
| Trusts | $8,769 |
| Charitable gift annuities | $1,046 |
| Pooled funds | $126 |
| Life insurance cash value | $3,768 |
| Total assets | $13,709 |
2023-24 life income gift maturities transferred to Whitworth University: $0
| New Gifts to The Whitworth Foundation | |
|---|---|
| 2019-20 | $126 |
| 2020-21 | $16 |
| 2021-22 | $113 |
| 2022-23 | $23 |
| 2023-24 | $10 |
| Five-year total | $288 |
| Realized Bequests by Fiscal Year | |
|---|---|
| 2019-20 | $391 |
| 2020-21 | $1,133 |
| 2021-22 | $1,050 |
| 2022-23 | $3,400 |
| 2023-24 | $2,031 |
| Five-year total | $8,005 |