General Fund money comes from student tuition and fees, state support and indirect cost recovery on sponsored research activity. It pays for teaching, academic services, academic and research facilities utilities, operations, and maintenance and administrative support.
Is University of Michigan public or private?
University of Michigan—Ann Arbor is a public institution that was founded in 1817.
Is University of Michigan for profit?
The University of Michigan has 501(c)(3) non-profit tax exempt status; our federal tax ID number is 38-6006309. Your gift may provide you with federal and state income tax benefits: … Again, check with your tax advisor regarding applicable state law.
How much money does the University of Michigan make?
The University of Michigan’s athletic department had a surplus of roughly $11.6 million during the 2020 fiscal year, according to a detailed financial report obtained by USA Today. The department generated $192,403,168 in total operating revenues and $180,841,523 in total operating expenses.