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Trustees' Meeting Coverage

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February 22, 2011, Volume 57, No. 23

At last Friday’s Stated Meeting of the University Trustees, Chair David L. Cohen mentioned “two remarkable events” the Trustees witnessed the day before: the groundbreaking of the Singh Nanotechnology Center and the dinner at the Penn Museum which included the Secrets of the Silk Road exhibit—showcasing the intersection of research and education.

President Amy Gutmann said that the applications for the Class of 2015 exceeded 31,000, a 17.5 percent increase over last year. She also announced that the Making History campaign has reached the $3 billion milestone, which is more than all prior campaigns and Dean Glandt has agreed to extend his term.

The Trustees passed a resolution of appreciation for Robert Toll, L’66, whose term as a trustee has ended. They also passed one for Lori Doyle, Penn’s former vice president for University communications, now at Drexel University.

EVP Craig Carnaroli reported that Penn’s operating performance has been strong during the past six months. On the academic side, total operating revenue increased due to an increase in sponsored program income, including indirect cost recovery.

The Trustees approved the creation of a department of biobehavioral & health sciences and a department of family & community health in the School of Nursing.

In addition to the resolution authorizing the tuition, fees and other charges for 2011-2012, there were numerous others including: Kings Court/English House renovations ($10 million); 1920 Dining Commons improvements ($6.5 million); Steinberg Hall-Dietrich Hall renovations ($5.66 million); Vance Hall renovations ($4.7 million); Ryan Animal Hospital air handling unit ($4 million); Johnson Pavilion and Stemmler Hall renovations ($3.2 million); Information Commons, a student study lounge at Weiss Pavilion ($2.55 million); new lease in St. Leonard’s Court for Wharton  Computing and Information Technology ($2.958 million); main substation relay/meter renewal ($2.42 million); Stemmler Hall renovations for orthopaedic surgery ($2.185 million); College Hall west wing upgrades ($1.95 million); McClelland Dining renovations ($1.5 million); DRL lab renovations ($1.5 million); Chemistry Building lab renovations ($1.37 million); LRSM lab renovations ($1.2 million); Fagin Hall teaching lab renovations ($1 million); and a  $100 million revolving line of credit for the health system.

The Trustees also approved the appointment of new members to various Boards of Overseers.

 

Almanac - February 22, 2011, Volume 57, No. 23