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Budget & Endowment

  • Annual operating budget: $50.2 million
  • Endowment market value of the endowment (October 2008): $58.8 million
  • Capital fundraising efforts total gifts and pledges in excess of $75 million since 2000.

The Annual Fund raised $2.1 million in 2006–2007 for academic programs, student scholarships, and other activities that allow MICA to maintain its position as one of the nation’s leading art colleges.

National support over the last two decades has come from the National Endowment for the Arts, National Endowment for the Humanities, Ford Foundation, The Kresge Foundation, The Starr Foundation, Andrew W. Mellon Foundation, J. Paul Getty Trust, Coca-Cola Foundation, National Arts Stabilization Fund, Andy Warhol Foundation for the Visual Arts, Open Society Institute, AT&T, David and Lucile Packard Foundation, Hearst Foundations, Institute of Museum and Library Services, Surdna Foundation, Trust for Mutual Understanding, Nathan Cummings Foundation, Gladys Brooks Foundation, The Wallace Foundation, Apple Computer, and Jacques and Natasha Gelman Trust.