Head football coach Jeff Hafley and former men’s basketball head coach Jim Christian were Boston College’s highest-paid employees for fiscal year 2021 (FY21), according to the 990 annual tax returns. Hafley earned $2,938,035 and Christian, who was fired in February 2021 after six and a half years in British Columbia, earned $1,428,053.
After Hafley and Christian, the University’s other highest-paid employees were John Zona, Chief Investment Officer and Associate Treasurer of British Columbia; Pat Kraft, athletic director; Andrew Boynton, dean of the Carroll School of Management; Frank Cignetti, assistant football coach; and David Quigley, Provost and Dean of Facilities.
Zona — which manages BC’s endowment — earned $809,661, according to the 990. After Zona, Kraft earned $747,988, Boynton earned $743,582, Cignetti earned $740,821 and Quigley earned $658,665.
BC’s net assets increased by $1,109,987,431 during FY21, reaching a total of $6,311,936,438 at the end of the year. Also at the end of the fiscal year, British Columbia’s endowment increased from approximately $2.6 billion to $3.8 billion.
According to 990, BC paid the campus Jesuit community $4,991,083 for “educational, administrative and institutional services, which includes services rendered by Jesuit officers at the University.” Remuneration for key Jesuit administrative figures, including university president Rev. William P. Leahy, SJ, is included in this amount.
According to publicly available lobbying reports, British Columbia paid $230,000 to Cassidy & Associates, a lobbying agency, in 2021. The University paid the agency to “assist management in identifying, developing and presenting institutional initiatives to be considered by congressional committees, federal government regulators, and others.
Specific lobbying issues listed in the reports included HHS Labor and Education funding for fiscal year 2022 tied to program funding at the Department of Education and legislative policy regarding the use of name, image and likeness for college athletes.
Boston College collected $735,575,111 in tuition and fees in FY21 and distributed $242,437,470 in financial aid to 8,946 students. The University also earned $2,466,078,769 from its stocks, $258,862,269 from real estate, $96,567,112 from fixed income securities and $509,172,152 in cash during FY21, according to the 990.
In FY21, the University received $230,696,730 in donations. Over the past five years, the University has received a total of $918,798,603 in grants, donations and contributions. British Columbia also received $322,503 in artwork and $188,460 in books and publications.
The University donated $75,000 to the Allston/Brighton-Boston College Community Fund, $25,000 to the Boston Charitable Trust Fund, $15,000 to the Franciscan Missionary Sisters for Africa, and $100,000 to the Jesuit Conference of Canada and the United States in fiscal year 21.