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financial_services@babson.edu

 
 

Financial Services  

Welcome to the Financial Services home page!  Our goal is to provide the Babson community with a user friendly site for obtaining forms and other documents needed to ensure the College's financial records are complete and properly stated.  


This website will be reviewed and updated on an on-going basis.  We encourage you to offer suggestions and comments to help make this site as useful as possible.  Feel free to contact any department member - we are all here to serve you.

 

 

Babson College Financial Facts

The College's endowment value as of June 30, 2007 was $220M, up from $193M at June 30, 2006;

The gain on the endowment for the fiscal years ended June 30, 2007 and June 30, 2006 was 18.2% and 11.2%, respectively;

Contribution and grant revenues for the fiscal year ended June 30, 2007 were $15M, as compared to $9.9M at June 30, 2006;

Bonds outstanding (both taxable and tax-exempt) as of June 30, 2007 and June 30, 2006 amounted to $124.5M and $127M, respectively;

Total net assets as of June 30, 2007 and June 30, 2006 were $279M and $245M, respectively.

 

 

 


What's New

Effective January 1, 2008, the new IRS standard mileage rate has increased from 48.5 cents/mile to 50.5 cents/mile.  This new rate for computing personal car mileage business expense should be used for all miles driven after 12/31/07.

 

Please use the old rate of 48.5 cents/mile for business miles driven prior to 1/1/08.

 

Should you have any questions, please contact us on ext. 4206.


 

 

 

 

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