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Through its expenditures, its
employment of more than 13,463 people, and its construction activities,
Washington University in St. Louis has a substantial impact on the
area economy.
In fiscal year 2009, which ended
June 30, 2009, Washington University had a direct annual impact
of more than $1.8 billion on the local economy.
Washington University Expenditures*
(Fiscal Year 2008)
| Operating
Expenditures (excluding payroll) |
$736.0
million |
| Most
of these expenditures are dispersed throughout the local economy** |
| Compensation
(payroll and benefits) for all 13,463 employees |
$1.1 billion |
| TOTAL
of Washington University's expenditures |
$1.8
billion* |
*Does not include cooperating Medical
Center institutions.
**Does not include noncash depreciation expenses, which do not impact
the community's economy.
Significant Impact on the Community's
Economy
$2.2 billion
In 2003 the St. Louis Regional Chamber & Growth Association (RCGA)
used an economic model to assess Washington University's 2002 economic
impact on the St. Louis metropolitan area. Based on this model,
the University generated nearly $1.2 billion from its operation,
while its students spent approximately $46 million in the area.
The economic activity of the University and its students indirectly
supported an additional 5,297 jobs outside the University. The RCGA
concluded that the overall economic impact of Washington University
on the St. Louis metropolitan area in 2002 was $2.2 billion.
St. Louis Area
Employee Compensation
$1.1 billion
The total of full- and part-time employees is 13,463; the full-time
equivalent is 11,527.
Washington University is the fourth-largest private employer in the St. Louis metropolitan area, according to the St. Louis Business Journal Book of Lists 2008. The University's payroll (excluding
student payroll and stipends to fellows) for fiscal year 2009 exceeded
$858.4 million. Of this amount, more than $707.9 million was
earned by employees living in St. Louis City and County.
Annual Payroll for St. Louis
Area Employees of Washington University*
(Year Ending June 30, 2009)
| PLACE
OF RESIDENCE |
SALARIES |
| St.
Louis City |
$142.2
million |
| Clayton |
$86.0
million |
| University
City |
$74.2
million |
| Rest
of St. Louis County |
$405.5
million |
| |
SUBTOTAL
of city and county |
$707.9
million |
|
| Rest
of metro area in Missouri |
$41.8
million |
| Rest
of metro area in Illinois |
$63.9
million |
| Outside
metro area |
$41.8
million |
| |
TOTAL |
$858.4
million |
*Does not include benefits or
cooperating Medical Center institutions.
When adding the value of more
than $195.1 million in benefits, this impact increases to $1.1 billion in fiscal year 2009.
Employees of Washington University
in St. Louis paid an estimated $6.1 million in city payroll taxes
in fiscal year 2009.
Operating Expenditures
$736
million
Most nonsalary operating expenditures (including student payroll
and stipends to fellows) at Washington University are spent in metropolitan
St. Louis. In fiscal year 2009 these expenditures were $736 million.
Construction
$266.8
million
Washington University in St. Louis adds to its facilities through
new construction, property acquisitions, leasings, and renovations
of existing space. Over the past decade, the University has constructed or acquired nearly 4.45 million square feet of new buildings, parking garages,
classrooms, and offices to its Danforth Campus and 2.4 million
square feet at its Medical Campus. For fiscal year 2009, construction
and other capital outlays equaled $266.8 million. These expenditures
were added to the value of the University's physical plant, which
was $3.1 billion on June 30, 2009. Using areawide data provided
by the St. Louis Regional Chamber & Growth Association, new University
construction led to the employment of an estimated 8,269 people
in the St. Louis metropolitan area last year.
Research
Awards and Patents
$548.4
million
Washington University in St. Louis is a magnet for research funds.
In fiscal year 2008 Washington University was awarded $548.4 million
in total research support, including $440 million in federal obligations.
According to preliminary data from the National Institutes of Health (NIH) for fiscal year 2008, Washington University faculty attracts nearly 80 percent of all NIH research dollars awarded to Missouri universities and other organizations.
According to the most recent survey conducted by the National Science Foundation (NSF) for its fiscal year 2007, Washington University in St. Loui s ranks 18th among universities in total science and engineering research expenditures and 7th among private universities.
Research at Washington University
in St. Louis has led to the transfer of technology to the public
through patents, license and option agreements, and industry-sponsored
research agreements. Income from licensing activities for fiscal
year 2007 totaled $10.4 million. A total of 50 revenue-generating license agreements
were executed during the year, bringing the number of active licenses
under management to more than 600. Also during this fiscal year, the University
received over 100 invention disclosures and filed 70 new patent applications. With leverage provided by the investment and
development efforts of the private sector, these activities serve
as a major vehicle for bringing the results of the University's
research programs to the public.
Student Financial
Assistance
$180
million awarded
Approximately 64 percent of all Washington University in St. Louis
undergraduates and 48 percent of graduate and professional students
receive some form of financial assistance, some based on merit alone
and many others based on merit and family financial circumstances.
Financial assistance may be in the form of scholarships, loans,
grants, or work-study positions. Total financial aid awarded in
academic year 2007-08 exceeded $180 million. In this year 1,527
undergraduate, graduate, and professional students who came from
St. Louis City, Clayton, University City, and the rest of St. Louis
County before attending Washington University received more than
$45 million in financial assistance.
Financial Aid for Students from
St. Louis and Other Areas
(Based on zip codes for permanent addresses of students enrolled
in academic year 2007-08. Does not include undergraduate students
who moved to these municipalities while attending Washington University.)
| St.
Louis City |
|
| |
95
undergraduate students |
$
2,040,383 |
| |
406
graduate/professional students |
$
14,285,508 |
| Clayton |
|
| |
46
undergraduate students |
$
1,253,747 |
| |
83
graduate/professional students |
$
2,731,394 |
| University
City |
|
| |
41
undergraduate students |
$
1,184,226 |
| |
137
graduate/professional students |
$
4,846,101 |
| Rest
of St. Louis County |
|
| |
338
undergraduate students |
$
8,384,647 |
| |
381
graduate/professional students |
$
10,630,577 |
| Rest
of St. Louis metro area in Missouri |
|
| |
67
undergraduate students |
$
1,647,140 |
| |
74
graduate/professional students |
$
1,662,618 |
| Rest
of St. Louis metro area in Illinois |
|
| |
56
undergraduate students |
$
1,654,744 |
| |
58
graduate/professional students |
$
1,621,386 |
| All
Others |
|
| |
3,252
undergraduate students |
$
79,018,418 |
| |
1,476
graduate/professional students |
$ 49,704,988 |
| TOTAL
financial aid awarded to
6,448
undergraduate and graduate students |
$
180,655,877 |
Student
Spending
$72
million
Washington University in St. Louis had 13,186 students in academic
year 2008-09. Many of these students were living and shopping in
the local area: 3,265 in St. Louis City, 3,453 in Clayton, 2,617
in University City, 1,721 in the rest of St. Louis County, 296 in
the rest of the St. Louis metropolitan area in Missouri, and 229
in the rest of the St. Louis metropolitan area in Illinois.
In 2003 the St. Louis Regional Chamber
& Growth Association estimated that the total economic impact of
spending by Washington University students at $72 million annually.
Support of Municipalities
$3.39
million
In fiscal year 2008 Washington University in St. Louis paid $3.1
million for fire protection and ambulance services, sewer fees,
utility taxes on gas and electricity, and licenses and permits.
Also in fiscal year 2008 Quadrangle Management Company, a real estate
title holding company of Washington University, paid $287,396 in
real estate taxes for income-producing properties not used for educational
purposes. This brings total payments for support of municipalities
in fiscal year 2008 to $3.39 million. In addition, the University
supports, at its expense, its own police forces on both the Danforth
and Medical Campuses.
Visiting Patients and Their Families
More than 11,000
hospital patients from outside the area
The Washington University Medical Center attracts a wide range of patients and visitors from all over the United States and the world. In fiscal year 2006 Barnes-Jewish and St. Louis Children's Hospitals admitted 56,361 patients; approximately 20 percent of these patients were from outside the metropolitan area. The spending power of these patients and their families is important to the local economy because they patronize hotels, restaurants, and retail stores in surrounding communities.
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