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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

Due to rising gas prices, the IRS standard mileage rate will increase eight cents from 50.5 cents/mile to 58.5 cents/mile.  This new rate for computing personal car mileage should be used for all business miles driven from July 1, 2008 through  December 31, 2008.

 

Please use the old rate of 50.5 cents/mile for business miles driven prior to July 1, 2008.

 

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

 

 

 

 

 

 

 

 

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