Trustee
Meeting Coverage
When
the Trustees met on campus last month, they had a full
slate of committee meetings that culminated in the Stated
Meeting on Friday, February 20 where Dr. Amy Gutmann was
elected to become Penn's next president effective July
1 (Almanac February
24, 2004).
The
Trustees passed Memorial Resolutions for two long-time
trustees, Samuel Ballam, Jr., EV '41, CGS '50, for whom
the Ballam Board Room on the 21st floor of Penn Tower is
named; and Reginald H. Jones, W '39, Hon '80, for whom
the Reginald H. Jones Professorship of Corporate Management,
and the Reginald Jones Center in Huntsman Hall, along with
the Reginald H. and Grace Cole Jones Trustee Scholarship
are named (see
Deaths).
President
Judith Rodin congratulated Pedro Ramos, vice president
and chief of staff, as he embarks on his new position as
the City Solicitor, and Senior Vice President Wendy White
assumes the chief of staff duties in addition to her other
responsibilities as General Counsel. Dr. Rodin said as
a way of marking the 50th anniversary of Brown vs. Board
of Education, Penn will be holding a series of events,
including Dialogues on Race (see
Council coverage).
She also noted that the Penn Alexander School has become
a community resource with numerous evening activities
and programs made possible with a grant from the William
Penn Foundation.
Provost
Robert Barchi noted the recent appointment of Dr. Janice
Bellace who is now the associate provost, adding that she
is "well-suited for this position." Dr. Barchi also said
that the Law School's new faculty wing that opened in the
fall was needed because their faculty has grown in recent
years. The Law School's admit rate is now less than 15%.
Craig
Carnaroli, senior vice president for finance, and treasurer,
gave the financial report for the six months ending December
31, 2003. He reported that total net assets for the
consolidated University (academic and health system) increased
$339.4 million to $5.668 billion. Total endowment is estimated
at $3.86 billion, an increase of $310 million.
Dr.
Arthur Rubenstein, EVP for UPHS, gave the Penn Medicine
Report. He mentioned the community service outreach and
the uncompensated medical care provided in excess of $175
million, and increased patient volume that produced a 12%
increase in operating revenue compared to the prior year.
When
Tom Ehrlich gave the Academic Policy report, he discussed
the Middle State Accreditation process that has been completed
recently and said that Penn needs "to enhance funding in
graduate education." That remark prompted applause from
the contingent of GET-UP supporters. The trustees approved
a resolution to establish the position of academic clinician
as a new track in the associated faculty of the Medical
School.
Mr.
John Clark, chair of Budget and Finance, presented eight
resolutions pertaining to design and construction projects
that will be done this coming summer: Harnwell College
House renovation ($28.5 million); School of Nursing Education
Building renovation ($8.15 million); installation of sprinkler
and fire alarm systems in Hill College House ($3.95 million);
Stouffer CHAS renovation ($2.6 million); Steinberg Conference
Center elevator replacement ($2.5 million); installation
of sprinkler and fire alarm systems in Stouffer College
House ($2.1 million); residence perimeter security--phase
II ($1.85 million); SEAS Graduate Research Wing renovations
($1 million). There were also two resolutions to authorize
refunding of long-term debt.
In
the External Affairs Committee report, Andrea Mitchell
said
that the new home for WXPN and the World Café is on track
to be completed by the end of 2004. She also said that
Carol Scheman had given a Government Affairs update. A
new U.S. postage stamp commemorating the 2004 summer Olympics
in Athens will depict a Greek runner from the UPM collection.
Mr.
William Mack, chair of Facilities and Campus Planning,
reported on the presentation by that had been given by
architect Robert Stern for the McNeil Center for Early
American Studies; and on the progress being made in the
Translational Research Building which is slated for fall
occupancy by the School of Medicine/GSK.
On behalf
of the Neighborhood Initiatives Committee, Mr. Gil Casellas
reported on the civic engagement revolving around the 40th
Street Community Forum.
Mrs.
Susan Catherwood, chair of Student Life, reported that
11 houses in the College House system are at full capacity,
consisting mostly of freshmen and sophomores.
Mr.
Howard Marks, reported that as for Investments, Penn is
off to a good start in 2004.