Ca' Foscari final balance is +2,9 million euro

Ca’ Foscari University of Venice’s final balance for the year 2021, as approved by the Governance and Policy makers, stands at 2,9 million euro. This result attests to the financial solidity of the Venetian university and favours its investment potential for the realisation of its strategic goals.

“This result confirms that our university has a solid balance,” says the Rector, Tiziana Lippiello. “This will allow us to pursue the objectives presented in the 2021-2026 Strategic Plan and to take advantage of the offers of the Recovery and Resilience Plan, focusing on economic and financial development in the medium and long term, in order to ensure that in the future, making investments will continue to be possible.”

As regards tuition fees, the proceeds from enrolments in degree programmes have remained constant, while the university’s funding for fee reductions and scholarships has grown. In fact, in 2021 Ca’ Foscari invested 20 million euro in supporting students and their right to education. The university also supported international mobility for students — as recognised by the INDIRE Erasmus+ National Agency, which awarded a score of 99/100 to Ca’ Foscari’s Erasmus+ programmes.

Among the factors that influenced the positive final balance there is an optimal use of resources compared to forecasts as regards the cost of personnel, and the support of the Ministry to cover the extraordinary costs related to the pandemic.

Ca’ Foscari continues to attract funding from Italy and the European Union, as well as from national and international, public and private institutions.

Building investments continue to play a key role in the university’s balance. Current investments are noteworthy, with projects that amount to over 41,6 million euro, as well as further planned investments (which are expected to amount to 44,2 million euro between 2022 and 2024).

Ca’ Foscari’s economic strength is attested by its positioning in the sustainability factors calculated by the Ministry. Although the data on 2021 has yet to be published, the analysis of the previous year (2020) and the partial data on 2021 which is already available seem to indicate that this particular value will remain below the threshold set by the Ministry.