At the Stated Meeting of the Board of Trustees on June 18, James S. Riepe was reelected as chair; Jon M. Huntsman, Sr. and Michael L. Tarnopol were reelected as vice chairs, for another year. The executive committee has a new member, David Silfen. The Investment Board will consist of Christopher H. Browne, Joel Greenblatt, Howard S. Marks (chair), Edward Mathias, David M. Silfen, and Mark Winkelman.
President Judith Rodin said that there had been more than 3,000 hits to the live webcast of Commencement in May. She also mentioned the retail developments at 40th Street, and the reopening of the West Philadelphia Branch of the Free Library in its renovated building. Penn Praxis has been involved for the past several months in facilitating more inclusive decision-making for that area.
William P. Lauder, was elected as a Term Trustee. There are two new Alumni Trustees: William Egan, and Kathy Sacks, and a new Commonwealth Trustee Michael Karp.
A Memorial Resolution for Ralph Landau (AlmanacApril 13, 2004) noted how this "remarkable man" made such a "profound contribution to higher education."
A Resolution of Appreciation for Stephen A. Wynn for his service as a Term Trustee and his dedication to his alma mater, noted that "Wynn Commons is no mirage."
There was a Resolution of Appreciation for outgoing Provost Robert Barchi "for his extraordinary impact on the University as a teacher, researcher, clinician, and leader." Dr. Rodin thanked him for "an unbelievable partnership" and said "we are in your debt." Dr. Barchi, who will become an emeritus professor, said he is "forever grateful to Judith Rodin" and has enjoyed working with the "spectacular group of deans."
The Trustees passed a Resolution of Appreciation for Dr. Rodin and designated her as President Emerita of the University.
In the Financial Report, Craig Carnaroli, senior vp for finance and treasurer, reported that Penn has continued to see strong revenue growth, both on the academic side and at the health system; there has been pressure on the operations due to the spending rule and the increased need for student aid; Penn is nearing the $4 billion goal for the endowment, which has nearly quadrupled in the past decade. The UPHS has had its fourth consecutive year of positive operations.
Dean Arthur Rubenstein thanked President Rodin "for creating PennMedicine." He reiterated that the Health System is doing very well.
Dean of Admissions Lee Stetson announced that there were 18,300 applicants for the incoming class of undergraduates, with a 21% admit rate, 17% regular admit. There are students from all 50 states and 73 countries, up from 60 countries, the class is evenly divided male/female and 15% are alumni-related. 38% of the class consists of students of color. This year's incoming class had SAT scores that averaged 1414 compared to ten years ago when it was 1350.
The Department of Asian And Middle Eastern Studies will become two separate departments: one for East Asian languages and Civilizations and the other for Near Eastern Languages and Civilizations. At Dental Medicine, three departments will merge to form the department of preventative and restorative sciences.
Budget & Finance committee presented 18 resolutions, incuding the FY 05 Operating Budgets and Capital Plans for Penn and UPHS.
WXPN's new state-of-the-art facility is scheduled to open in October.
Dr. Rodin—upon completion of her decade as president—was honored last month by every level of government: Mayor John Street's Citation and the Philadelphia Bowl from the City, a resolution from City Council, a letter from Governor Ed Rendell, congratulations from the Senate read into the Congressional Record by Sen. Arlen Specter. The Philadelphia Bowl—the City's highest honor given for contributions to the City—is a 12" cream ware bowl, with drawings to portray 18th century Philadelphia. The bowl was made by Wedgewood for Bailey Banks and Biddle Company. The border repeats the inscription from the Liberty Bell with a federal design inspired by the First Troop Philadelphia City Cavalry.
The Annenberg Plaza was dedicated on June 17 with a ribbon-cutting by the Honorable Leonore Annenberg and Dr. Rodin, as Dean Michael X. Delli Carpini watched. With funding from the Annenberg Foundation, the Plaza received an upgrade including handicap access to the Annenberg Center, new granite paving, and landscaping to soften the appearance.
Almanac, Vol. 51, No. 1, July 13, 2004
July 13, 2004
Volume 51 Number 1