Page 51 - Gates-AnnualReport-2018

Fiscal Year 2018 was the third year of operations under a five-year funding agreement between the Gates Frontiers Fund, the University of Colorado Foundation, the University of Colorado President’s Office and the CU Anschutz Chancellor’s Office. Additionally, the Gates Center was a critical partner in garnering over $1.8 million in new philanthropic support for key initiatives described in more detail throughout this report.
Consistent with our mission and past priorities, center program support of $1,072,416 was the largest expense category, totaling 36 percent of all spending for 2018. This amount was higher than prior years as we fulfilled long-term commitments made to key campus investigators. Investments in equipment and operations of the core facilities and the Gates Center laboratories totaled $580,161 (20%) in 2018, which was consistent with prior years. The balance of our expenses was for marketing and development totaling $554,373 (19 percent), center administration totaling $474,671 (16 percent), and center enrichment, educational activities and commercialization support totaling $257,238 (9 percent).
The Gates Center net of sources of income less expenditures was a loss of ($211,274) for the fiscal year ended 6/30/2018— primarily due to higher research program support. Our committed funding is sufficient to meet our expenses and research funding obligations through December 2020.
2014
2015
2016
2017
2018
Infrastructure and Operations Grants
Gates Frontiers Fund
$1,000,000
$1,000,000
$1,200,000
$1,200,000
$1,200,000
University of Colorado Foundation
$1,000,000
$1,000,000
$600,000
$600,000
$600,000
University of Colorado Presidents Office
$600,000
$600,000
$600,000
Philanthropy
$3,100
$10,330
$147,617
$200,000
$327,585
Infrastructure and Operations Grants
$2,003,100
$2,010,330
$2,547,617
$2,600,000
$2,727,585
Gates Center Expenditures
Center Research Program Support
$506,551
$751,750
$976,914
$721,053
$1,072,416
Lab Operations and Core Facilities
$466,030
$619,465
$494,696
$594,723
$580,161
Marketing & Development
$318,155
$338,655
$336,937
$530,526
$554,373
Center Admin/Maint/Supplies
$317,948
$336,792
$376,593
$389,380
$474,671
Center Enrichment, Education and Commercialization
$243,024
$134,719
$255,649
$285,939
$257,238
Total Expenditures
$1,851,708
$2,181,381
$2,440,789
$2,521,621
$2,938,859
Center Sources - Expenditures
$151,392
($171,051)
$106,828
$78,379
($211,274)
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