Fiscal Year 2011 was another year of strength for University of the Pacific—the 15th straight year of balanced budgets. Revenue and gains increased by $20 million, while expenses increased only $12 million. Net assets increased 10.9% to $447.8 million, with the endowment growing at a faster rate than the national average reported by the National Association of College and University Business Officers. At June 30, 2011, the endowment stood at $212 million -- near its 2007 peak of $220.5 million.

In January 2012, Moody’s Investors Service upheld its A2 investment rating for University of the Pacific (this took place outside the July 1 2010 to June 30, 2011 fiscal year but is included here). This took place at a time of great volatility in higher education, and is a testament to the strength of the institution’s management and investment policies. 

Finally, FY 2011 is noteworthy as year that gave the President and Board of Regents the confidence to make a major investment in FY 2012: The purchase of a $47 million property in San Francisco to serve as a new, expanded San Francisco campus of University of the Pacific. The San Francisco investment will be detailed in the FY 2012 report.