Financial Data

 

Funding Students' Dreams

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

Fundraising and donations

We appreciate the financial support of the state legislature, donors, alumni, and community partners, whose generous support advances the university’s mission and ensures students can receive an affordable, high-quality education. We particularly acknowledge the support of Young Living Essential Oils, whose generous contribution funded the construction of a new alumni center on the Orem Campus. We also thank dōTERRA, whose financial contributions made possible the completion of a new performance center in the Lockhart Arena.

Willy and group celebrate outdoors in masks

Drive-in Scholarship Ball logo

Miracles in the Making: 30th annual Scholarship Ball

UVU hosted its 30th annual President’s Scholarship Ball on September 26, 2020. This year’s event had a unique drive-in theme, and the usual tuxedos and gowns were traded for sweaters, rolled-up jeans, poodle skirts, and bobby socks. Sponsors for this year’s event included Clarke Capital Partners, Nu Skin, Xlear, UCCU, and Regence BlueCross BlueShield.

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Raised more than $519,000 to benefit 262 presidential scholars

CASE Award

Our Executive Events team won a second CASE Gold Circle of Excellence Award for the 2020 President’s Drive-in Scholarship Ball.

*The financial data presented in this report is unaudited and is not presented in accordance with GASB standards.

Investing in Student Success

Why I give

UVU equals empowerment. UVU is all about empowering people, giving them opportunities to learn and grow in a way that they otherwise wouldn’t.

Ryan Napierski
President and CEO
Nu Skin Enterprises

How to give

Investing in UVU means investing in students’ futures and changing lives. To learn more, scan or click the QR code.

Give QR code

Ryan Napierski (photo credit: Nu Skin Enterprises)
Photo courtesy of Nu Skin Enterprises.

Crystal Sedano

Neither of my parents received a college degree. But education was important to my family. I always wanted to go to college because I knew I wanted to become a teacher. UVU’s 'IamFirst' program gave me the funding I needed to pursue my degree.

Crystal Sedano
Class of ’21

Women’s Success Center: Virtual Scholarship Luncheon

This year’s Women’s Success Center Scholarship Luncheon, which celebrated the 10th anniversary of the center, was held virtually. The keynote speaker was Jamie Kern Lima, the co-founder of IT Cosmetics (sold to L’Oréal for over $1 billion) and the first female chief executive officer of a L’Oréal brand. Kern Lima, who generously donated $10,000 at the event, discussed her experience as a first-generation college student and how her education helped her achieve professional success.

$445,000 raised during the event

The proceeds will go toward scholarship and programming funds and a new women’s research institute.

3 women at Women's Success Center service desk

President Tuminez speaks in an airplane hanger

President's Emerald Society logo

President’s Emerald Society takes flight

The President’s Emerald Society began in 2020 and is an elite circle of visionary philanthropists who have given at least $1 million to UVU in the past five years. These generous donors are considered members of the Emerald Society for five years after the date of their gift. As the university’s closest advisors and thought partners, members of the President’s Emerald Society help UVU tackle our most challenging issues and achieve our mission of student success.

Rare book collection donation

Toward the beginning of the year, our architecture program received a collection of rare books and artwork valued at more than $300,000 from leading classical architect Allan Greenberg. The addition makes UVU’s architecture archive one of the largest collections of its kind in the nation. The collection is currently housed in the Computer Science Building on the Orem Campus.

Page from rare architecture book

Curator with white gloves handles rare book

Prioritizing Education

Although funding across the nation for higher education generally faced budget cuts, Utah increased the budget for higher education by 9%. We are thankful for the significant financial support of the Utah Legislature, which helps make our mission of student success a reality.

H.B. 327: The Civic Thought and Leadership Initiative

Approved funding from House Bill 327 from the 2021 Legislative Session will allow UVU to expand civic education in Utah. The Center for Constitutional Studies will use the one-time appropriation of $1 million to establish the Civic Thought and Leadership Initiative to facilitate nonpartisan political discussion and advance civic education and research. UVU plans to establish a model of civic education and engagement that can serve as a standard for other universities to replicate. The Office of the Provost and the Center for Constitutional Studies will focus on implementing campus and community engagement programs, collaborating with K-12 schools, and developing new curricula for UVU courses. Hundreds of teachers and thousands of students and community members will benefit from this initiative.

#1 in Utah: Alumni earnings - Grad Rankings 2021. #2 in Utah: Best bang for your buck - Washington Monthly 2020. #3 in the nation: Best ROI - Business Insider 2020.

Legislative session

Revenue changes

UVU has three line items appropriated by the legislature: Education and General (primary operating budget), Educationally Disadvantaged, and Fire and Rescue Training. Revenue consists of two primary sources: tax funds and dedicated credits (primarily tuition).

Legislative funds

General revenue increased by $4,285,000, or 1.6%, for the 2020-21 fiscal year. Revenue changes from tax funds for the Education and General line item totaled $3,337,700:

  • Senate Bill 1: $4,897,900 (performance-based funding)
  • House Bills 2 & 8: $729,600 (Engineering Initiative, internal service funds and attorney general)
  • Senate Bill 8: $927,800 (health benefits rate increase)
  • Senate Bill 5001: -$3,217,600 (2.5% tax fund reduction)

Dedicated credits

Revenue changes from dedicated credits totaled $947,300:

  • 2020-21 tuition increase: $1,956,300
  • 2019-20 enrollment-based tuition revenue: -$1,154,700
  • 2020-21 need-based aid: -$689,000
  • 2020-21 enrollment in new/expanding programs: $930,200
  • Other revenue changes: -$95,500

Return on investment

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15th largest employer in Utah (5,062 employees)

3rd largest employer in Utah County

For every dollar the state invests, UVU returns $8 in value.

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After calculating financial aid and scholarships received, the average UVU student has an estimated out-of-pocket- tuition cost of $1,904 for an academic year.

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55% of UVU students graduate with no student debt.

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Our high-demand graduates qualify for competitive jobs and receive top ratings in employer satisfaction surveys.

Looking Ahead

Rising over any challenge, thanks to you

We appreciate the tremendous efforts of our campus community, which allowed us to rise to new heights during an unusual year. While the COVID-19 pandemic presented unique challenges and limitations for higher education in general, the future of Utah Valley University remains bright and is rising. With our milestone 80th anniversary in 2021, we will continue to expand our campus and offerings, creating new ways to empower students of all backgrounds to achieve their personal, academic, and professional goals. Thank you for supporting UVU!

Graduate celebrates

80th Anniversary