Financial 

Focal Point


We are grateful for the financial support of the state legislature, alumni, donors, and community partners. These generous contributions fund important educational priorities that advance our institutional mission and allow us to implement action commitments in response to the growing academic and economic needs of Utah County.

Aerial photography of the UVU campus

Investing in the future

 

Supporting Student Success

 

We deeply appreciate the generosity of alumni, donors, and community members. Your invaluable support contributes to important educational priorities and makes our institutional mission of student success a reality. UVU received record amounts in donations this year, thanks to the indispensable involvement and gifts of friends of the university. These funds play an instrumental role in creating opportunities that directly impact student success, such as scholarships, new facilities, professorships, and special programs. We would particularly like to acknowledge the generous donations of Scott and Karen Keller, dōTERRA, Curtis and Lisa Blair, Nu Skin, and the Larry H. and Gail Miller Family Foundation.

The UVU Foundation and the Division of Institutional Advancement are committed to securing resources to ensure student success and uphold the vision of the university.

The UVU Foundation and the Division of Institutional Advancement are committed to securing resources to ensure student success and uphold the vision of the university. Thank you for your dedication to providing accessible and equitable educational opportunities for every student who seeks a rewarding postsecondary education.

UVU Dancers at the 2019 Scholarship Ball

The 2019 Scholarship Ball Raises Nearly $1 Million

The 2019 Scholarship Ball, with lead sponsor Nu Skin, raised a record $903,217 in donations. These funds contribute to the Presidential Scholarship and will support 352 total semesters of learning (33 full-tuition scholarships for four years). More than 800 people attended the event, including prominent guests such as elected local and state officials, business owners, and friends of the university. The evening included a gourmet six-course dinner and performances from the School of the Arts. The success of the event was largely due to the live donation element of the ball — guests were encouraged to donate by texting online or filling out a donation form during the event.

Women's Success Center Scholarship Luncheon

Women's Scholarship Luncheon Raises More Than $600k

The Women’s Success Center received donations totaling $605,115 at its eighth annual Women’s Scholarship Luncheon, which was held at dōTERRA headquarters in Pleasant Grove in early 2020. The funds contribute to student scholarships awarded by the Women’s Success Center. Statistics suggest women are more likely than men to put their education on hold because of financial uncertainty. These scholarships help bridge the gap and support college completion.

“I’m a first-generation student, so college has been a relatively new experience for me and my family. Receiving scholarship assistance has allowed me to pursue my long-term goals and continue to remain in college while balancing work, family, and class. Without the generosity of donors, I would not have been able to continue to pursue my life’s ambitions. Thank you to all donors who recognize the importance of giving and are committed to helping UVU students succeed today and tomorrow.”

— Josue Martinez, First-year student, Accounting

$41.7 million
in total private donations for 2019-2020

dōTerra press conference
dōTERRA DONATION

dōTERRA, the global leader in essential oils, announced a 10-year agreement that marks the second-largest donation in UVU’s history. The contribution includes donations worth $17.7 million that will support scholarships, online educational offerings, and athletic programs. The funds will also go toward a new student-athlete wellness building and organizations such as the Center for Constitutional Studies, the Women’s Success Center, the Noorda Center for the Performing Arts, and the College of Science.

Building the Budget


Each year, UVU creates a financial plan to apportion available resources in a fiscally responsible and sustainable manner. The university receives financial support from the Utah State Legislature, community donors, and dedicated credits such as tuition and fees.


Revenue changes

UVU has two line items appropriated by the legislature: Education & General (primary operating budget) and Educationally Disadvantaged. Revenue consists of two primary sources: tax funds (general fund and education fund) and dedicated credits (tuition, specific fees, and other income as outlined in the regents’ policy).

Legislative funds

General revenue increased $15,290,900, or 6.3%, for the 2019-20 fiscal year. Revenue changes related to tax funds for the Education & General line item amounted to $7,094,800:

  • House Bill 1: $486,400: Noorda Center for the Performing Arts (operations and maintenance)
  • House Bill 2: $1,696,900: Student growth and capacity
  • Senate Bill 8: $4,911,500: Performance-based funding, salary increase, medical and dental premiums, internal service funds, and attorney general. This bill also contained revenue changes related to tax funds for the educationally disadvantaged.
Dedicated credits

Revenue changes related to dedicated credits amounted to $8,196,100:

  • 2019-20 tuition increase: $2,279,564
  • 2018-19 enrollment-based tuition revenue:$6,632,857
  • 2018-19 new tuition waivers: $3,000,100
  • 2018-19 tuition from enrollment in new or expanding programs: $1,638,279
  • Other revenue changes: $645,500
Utah State Capitol

Return on Investment

Top 3 in the nation

Business Insider ranked UVU third in the entire country for
best return on investment

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UVU’s estimated out-of-pocket tuition cost for the average student is $1,672 after calculating financial aid and scholarships received

54% of bachelor degree recipients graduate from UVU with no student debt

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70% of associate degree recipients graduate from UVU with no student debt

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With 5,523 employees, UVU is the 14th largest employer in Utah

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For every dollar the state invests in Utah Valley University, UVU returns $8 in value to the state

“A commitment to higher education is vital to our community, state, and world in order to sustain a strong economy and quality of life. This can be a challenge for first-generation students who are at times ill-equipped to navigate the demands of higher education and lack adequate support as they strive to pursue and attain a degree. Together, we must unite to help guide and support all students to attain greater completion in an effort to ensure a well-educated and prepared workforce.”

Dan Campbell, former chair of the Utah State Board of Regents and 2020 honorary degree recipient

Dan Campbell honorary degree recipient

Optimistic Outlook


While 2020 introduced unique challenges and circumstances, the past academic year was filled with tremendous successes and opportunities. We celebrate our shared achievements and look to the future with clarity. We remain committed to our institutional values of exceptional care, exceptional accountability, and exceptional results. Our plan to implement priority initiatives and actionable solutions centered around strategies of achievement, inclusion, and engagement will carry us forward. This viewpoint would not be possible without the generous support of community members and stakeholders, and the exemplary efforts of students, faculty, and staff. Thank you for supporting the success of our students.


President Tuminez gives speech at graduation

Fireworks at commencement