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The University's Budgeted Sources of Funds

For its operations, the University depends on several sources of funds, including the following:

There are two basic ways to view the University's finances. One is to look at all University divisions, including the Medical Center's hospitals and clinics and the University's College at Wise. The other is to focus only on the Academic Division, which encompasses all schools and operations, but excludes the Medical Center and U.Va.'s College at Wise. For most people, the Academic Division represents the University as they know it. The University's current operating budget as a whole is as follows:

For 2012–13

For the University
$2.6 billion
For the Academic Division
$1.4 billion

2012–13 Sources of Funds

All University Divisions $2.6 Billion

Gifts and endowment support 9.5%, Tuition and fees 17.6%, Research grants and cost recoveries 12.8%, Patient revenues 44.3%, Auxiliary revenues, including student and user fees 7.6%, State appropriation 5.6%, Other 2.6%

Academic Division $1.4 Billion

Gifts and endowment support 17.6%, Tuition and fees 32.6%, Research grants and cost recoveries 23.9%, Auxiliary revenues, including student and user fees 13.6%, State appropriation 9.5%, Other 2.8%