Revenue generation activities are those activities that bring funds from outside the university into the university. This can include funding received from government, traditional program tuition, non-traditional program fees, donations, and other financial sources.
Faculties and units at the University of Alberta have a history of revenue-generation activities beyond the delivery of approved undergraduate and graduate degree programs and research. By expanding its sources of revenue, the university increases its financial stability and autonomy, and enhances its ability to meet its academic objectives. The University of Alberta is far from alone in these activities: public universities across North America have been seeking to expand their sources of revenue in response to diminishing and volatile government funding.
In fall 2014, the Office of the Provost and Vice-President (Academic) established a working group of cross-University expertise to develop some recommendations for revenue generation at the University of Alberta. The report from this working group is expected in early 2015.
Examples of Revenue Generation Activities
- Faculties and units are actively engaged in advancement and fundraising activities.
- The Faculty of Extension and most of the university’s professional faculties offer courses and credentials that address a demand for general life-long learning experiences, a desire for special purpose curricula outside degree programs, or required professional upgrading.
- Individual faculty and staff who successfully obtain provincial, federal, international and private sector grants, contracts, or other forms of external support (including Chairs, CRCs and CERC appointments and some international agreements) are also engaging in revenue generation. In addition to capital acquisitions and student stipends, these activities deliver significant operating revenue to the institution through overhead, temporary funds for direct operating costs, and some federal contributions towards the indirect costs of research, in addition to the funds received for capital expenditures, student, and staff support.