"Debt outstanding" refers to the amount of borrowing incurred by the University, regardless of use of funds.
For 2015 and beyond, the subtotals for both tax exempt and taxable & other are net of debt issuance costs and unamortized premiums and discounts in compliance with the adoption of Accounting Standards Update (ASU) No. 2015-03.
Historical debt outstanding prior to 2002 available upon request.
(A) Taxable debt requires the lender to pay income taxes on interest earned. To attract lenders, the borrower (Yale) must therefore pay higher rates than required for tax-exempt debt, on which the lender is not taxed.
Yale University Controller's Office, Financial Reporting and Analysis
Statement of Financial Position, Bonds and Notes Payable
Finance Facilities Debt Outstanding
Last updated: 2/3/2023