Endowment Market Value
In presenting the June 30, 2009 audited financial statements, Southwestern adopted Statement of Financial Accounting Standards numbers 157 and 159 (SFAS 157 and SFAS 159, respectively), and Financial Accounting Standards Board Staff Position 117-1 (FSP 117-1), which affected changes in general accepted accounting principles for investments and endowment reporting.
The University retroactively adopted, as of July 1, 2007, (for the June 30, 2009, financial report), certain of the changes in accounting principles, while adopting others prospectively during fiscal 2009, as provided by authoritative guidance.
The market values reflected in the Endowment Market Value chart conform to the newly adopted reporting principles. Thus, prior year market values listed above will differ from amounts previously published by the University.
