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Budget & Endowment

  • Annual operating budget: $75.8M 
  • The market value of the endowment (as of May 31, 2013): $72 million

Fundraising efforts totaled over $13 million in fiscal 2013, including an impressive $2.7 million for Annual Fund in support of academic programs, student scholarship, and other activities that allow MICA to maintain its position as one of the nation's leading art colleges.

National support has been received from the National Endowment of the Arts, The Kresge Foundation, The Starr Foundation, Andrew W. Mellon Foundation, J. Paul Getty Trust, Andy Warhol Foundation for the Visual Arts, Proctor and Gamble Company, Open Society Foundations, The Genevieve McMillan Reba Stewart Foundation, David and Lucile Packard Foundation, Hearst Foundation, Institute of Museum and Library Services, Surdna Foundation, Trust for Mutual Understanding, Nathan Cummings Foundation, Gladys Brooks Foundation, The Wallace Foundation, Windgate Charitable Foundation, The Wells Fargo Foundation, and Jacques and Natasha Gelman Trust.