Ivy isn't always green -- particularly when it's Brown. Founded in 1764, Brown University is both an Ivy League college and one of the oldest universities in the US. About 8,500 undergraduate, graduate, and medical students have about 70 undergraduate and 70 graduate programs of study at their disposal in areas ranging from acting to pharmacology and from history to business administration. The university's specialty programs include the Warren Alpert Medical School and the Brown School of Engineering; it also has continuing education and online learning programs. Brown has some 700 faculty members, giving it a student-teacher ratio of about 12:1. It has an endowment of about $2.5 billion.
Brown's students come from all 50 US states, as well as from about 100 other countries. The university campus is located in Providence, Rhode Island and consists of 235 buildings on nearly 145 acres. It also has study abroad partnerships with schools in countries including Scotland and China.
Nearly all applicants to Brown have graduated in the top 10% of their high school class. Undergraduate tuition at Brown runs at more than $50,000 per year, and as such, nearly half of its students receive needs-based scholarships.
Brown's medical school partners with a number of area medical facilities to provide specialized medical training, as well as specialized health care services to the public, as well as research in a variety of disease and treatment areas.
Brown University's endowment was up to nearly $3 billion until 2009 when the troubled economy caused it to lose more than a quarter of its value, leading Brown to cut its operating budget for the 2010-2011 year. The university has recovered some of the lost funds through rebounding markets and a diverse investment strategy (including traditional stocks and fixed-income securities as well as alternative investment funds), with the endowment rising to just over $2 billion in 2010 and then to some $2.5 billion in 2011.
The university's net income also improved in 2011 due to the cost-control efforts at Brown, rising more than 100% to $359 million. Revenues were relatively flat, rising just under 1% to $666 million due to increased grants, contracts, and student tuition and fee income; other sources of revenue include grants, contributions, endowment income, and auxiliary enterprises.
To enhance its students' educational experience, Brown is looking to expand its campus facilities. In 2011, it completed construction efforts on a state-of-the-art, 134,000 sq. ft. building that is the new home of the Warren Alpert Medical School. The new facility, which is actually a renovated jewelry factory dating back to 1929, allows Brown to increase enrollment at the medical school by 20%.
Founded as the College of Rhode Island in 1764 and renamed Brown University for benefactor Nicholas Brown in 1804. Ruth Simmons was sworn in as president of the university in 2001, the first African-American to hold such a position at an Ivy League school. – less