Click for Philadelphia, Pennsylvania Forecast
HOME ISSUE

CALENDAR

BETWEEN ISSUES ARCHIVE DEADLINES CONTACT US
 
 
Print This Issue
Front Page
Contents
Crimes
Directory
All About Teaching
Subscribe to E-Alamanc!
Staffbox
Guidelines
 

 

Trustees’ Meeting Coverage

The Budget and Finance Committee, Audit and Compliance Committee, and the Executive Committee of the Trustees met on May 12. A resolution was passed to amend the Bylaws of Penn Medicine, to remove all references to Phoenixville Hospital (PXH) since it was sold.

President Amy Gutmann thanked Dr. Peter Conn for his “extraordinary service as interim provost and deputy provost.” Dr. Gutmann also noted that Vice President of Business Services Lee Nunery “has played a key role in business services” (Almanac May 10, 2005).

President Gutmann said that the recent Penn Summit on Global Issues in Women’s Health: Safe Womanhood in an Unsafe World—cosponsored by medicine and nursing—was a “tremendous success.”

EVP Craig Carnaroli said that Penn continues to outperform budget for the nine months ending March 31, 2005. For the Consolidated University: total net assets increased $414.5 million; net assets from operating activities increased  $43.7 million; total operating revenue increased by $240 million; total endowment value is $4.308 billion, an increase of $289 million; cashflow from operating activities increased $136.4 million.

In the Penn Medicine Report, Dr. Arthur Rubenstein pointed out that Penn’s clinical excellence is clear from the May issue of Philadelphia magazine which features the regions’s best doctors in 56 specialties where 137 of the 364 physicians listed are from UPHS, in comparison to 73 from the Jefferson Health System.

The Budget and Finance Committee presented a resolution which passed, authorizing the design and construction of a Student Performing Arts House to occupy 11,000 square feet in the lower level of Stouffer College House which is currently vacant ($2.72 million).

The Trustees also approved a resolution to appoint the 2005 slate of the Board of Managers of the Wistar Institute for a one-year term effective February 11, 2005.

 

 



 
  Almanac, Vol. 51, No. 33, May 24, 2005

ISSUE HIGHLIGHTS:

Tuesday,
May 24, 2005
Volume 51 Number 33
www.upenn.edu/almanac

 

top of page
Back to Contents page
HOME ISSUE CALENDAR BETWEEN ISSUES ARCHIVE DEADLINES CONTACT US