Human Capital
Alumni
According to Binghamton University's Office of External and Parent Relations, more than 74,600 Binghamton University alumni live throughout the United States; 45,283 of these (or 57%) still live within New York State.xiv
| Table 5. Binghamton University Alumni in the United States | |
| US Region |
Alumni |
| New York State | 45,282 |
| Intermountain West (CO, AZ, NV, NM, UT, ID, MT, WY) |
1,944 |
| North-Eastern (NJ, PA, MA, CT, NH, VT, ME, RI) |
12,925 |
| Pacific (CA, WA, OR, HI, AK) |
4,699 |
| South-Southeastern (FL, VA, NC, TX, GA, SC, TN, KY, AL, LA, WV, AR, MS) |
9,728 |
| Mid-West (OH, MI, MN, IN, WI, MO, KS, IA, OK, NE, SD, ND) |
2,868 |
Table 6 below contains a further breakdown of alumni who remain in New York State by region. Binghamton University alumni live and work in every part of the state.
| Table 6. Location of Binghamton University Alumni Living in New York State xv | ||
| New York State Region | Number of Alumni | Percentage |
| Capital-Saratoga | 1,870 | 4.13% |
| Central-Leatherstocking | 7,604 | 16.79% |
| Chautauqua-Allegheny | 153 | 0.34% |
| Finger Lakes | 4,591 | 10.14% |
| Hudson Valley | 6,669 | 14.73% |
| Long Island | 9.249 | 20.43% |
| New York City | 12,720 | 28.09% |
| Niagara Frontier | 888 | 1.96% |
| The Adirondacks | 582 | 1.29% |
| The Catskills | 673 | 1.49% |
| Thousand Islands-Seaway | 283 | 0.62% |
| Total/Percentage | 45,282 | 100.00% |
These results demonstrate that Binghamton University students, the majority of whom come from New York State when they begin their collegiate study, return to New York after graduation, are gainfully employed, pay taxes, and otherwise contribute to the New York economy. We estimate that the 45,282 alumni whom we are able to identify as living and working in New York State earn in aggregate over $1.7 billion and pay over $88 million in state sales and state income taxes each year.xvi
In addition, when we observe where out-of-state alumni came from and then compare those same alumni to where they are after they graduated, we find that 18.6% of students who came from out of state moved to New York State after graduation. This all suggests that about one-fifth of Binghamton University alumni who come from out of state move to New York State, bringing with them higher incomes (than if they had stayed in high school) and thus more tax revenue to local governments and the state.
xvii
Community Impact
Binghamton University encourages its students to participate in volunteer and internship opportunities in the local region. Several units within the university strongly encourage or require students to participate in community service, clinical experiences, or practica. Last year, we estimate that student volunteer, clinical, and practicum experiences accounted for over $3.4 million in value to the Broome and Tioga county communities last year.
| Table 7. Value of Binghamton University Volunteer, Practicum, and Clinical Presence, July 1, 2009 to June 30, 2010 xviii |
||||
| Number of Students Participating |
Number of Hours |
Hourly Rate | Value | |
| Undergraduate Volunteers and Interns |
532 | 120 | $17.55 | $1,120,392 |
| Undergraduate Clinical Experiences |
471 | 120 | $25.00 | $1,413,000 |
| Graduate Clinical, Practicum, and Internship Experiences |
309 | 120 | $25.00 | $ 927,000 |
| Student Volunteers |
3078 | 20 | $17.55 | $1,080.378 |
| Totals | 4390 | $3,460,392 | ||
In addition, Binghamton University's employees contribute to the community through their own spending in the community, as Table 8 below shows.
| Table 8. Spending by Binghamton University and Binghamton University-Affiliated Employees in the Region xix |
||
| Category | Percentage Spent | Total of Disposable Income Spent |
| Housing | 34% | $ 45,337,384 |
| Transportation | 16% | $ 20,668,513 |
| Food | 12% | $ 15,734,739 |
| Personal Insurance and Pensions |
12% | $ 16,534,811 |
| Healthcare | 5% | $ 7,067298 |
| Entertainment | 6% | $ 8,134,060 |
| Apparel and Services | 4% | $ 4,933,774 |
| Education | 3% | $ 3,867,012 |
| All Other | 5% | $ 6,667,262 |
| Total | $128, 900,000 | |
Research
As one of four research centers of the State University of New York, part of Binghamton University's mission focuses on discovery through creative activities, science and engineering, community outreach, and practical career training. The university achieves this portion of its mission by encouraging faculty to engage in sponsored fund activities and to take out patents when appropriate.
From July 1, 2009, to June 30, 2010, federal sponsored expenditures equaled over $20 million, total overall sponsored expenditures totaled over $36 million, and 29 patent disclosures were associated with the university.
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