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For Fiscal Year 2021, the endowment provided $194 million for student scholarships, scientific research and other strategic priorities — investments in education and research expected to grow markedly in the coming years.
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The approved $1.34 billion base budget strikes a deliberate balance between long-term financial sustainability, economic recovery from COVID-19, and continued investments in academic excellence and support for students.
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A 2.85% increase in tuition and fees, the lowest percent increase in more than a decade, will provide nearly $16 million of revenue, enabling Brown to continue strong support for students with financial need while supporting teaching, learning and research on campus.
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The endowment provided $171 million to the University’s operating budget in Fiscal Year 2020, with contributions supporting student financial aid, faculty research and strategic priorities in an uncertain financial environment.
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The approved $1.3 billion base budget includes $347 million for student aid and support, and will serve as a foundation for revised budget forecasts to contend with the full impact of COVID-19 on Brown’s financial position.
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