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Trustees Coverage

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February 21, 2012, Volume 58, No. 23

At last week’s Stated Meeting of the University of Pennsylvania Trustees, not only was next year’s tuition increase discussed but numerous other resolutions were passed including one to posthumously recognize Dr. W.E.B. Du Bois as an honorary emeritus professor of sociology and Africana studies (Almanac February 7, 2012). His great grandson, Arthur McFarlane II—who was on hand to accept this honor—thanked the Trustees and urged them to “take the momentum you have gained” going forward.

A memorial resolution was passed for Jacqueline G. Wexler, the long-time trustee who died last month (Almanac January 24, 2012).

Edward J. Mathias was honored with a resolution of appreciation and was designated an emeritus trustee. Lee Spelman Doty and Mark O. Winkelman were elected as charter trustees. James G. Dinan was elected a term trustee. There are also two new alumni trustees: Osagie Imasogie and Ann N. Reese.

President Amy Gutmann noted that construction of the Singh Center for Nanotechnology is more than a third complete. She also noted that the Law School will dedicate its new building this spring with a visit from Supreme Court Justice Sonia Sotomayer. Dr. Gutmann also mentioned that the next Silfen Forum would focus on United States Politics and would be held on March 19 in Irvine Auditorium at 4:30 p.m.

President Gutmann said that there have been over 31,000 applications for the Class of 2016. She also noted that the Making History campaign has had over 208,000 individual donors thus far, with 10 months to go until the completion of the campaign. She said that this year’s eight Thouron winners from Penn (Almanac February 7, 2012) constitute a larger number of winners than there have been any year in a decade

EVP Craig Carnaroli reported that Penn’s financial outlook is on track after the first six months of the current fiscal year in spite of the phasing out of the stimulus grants and the volatility in the financial markets, due in large part to the many recent contributions, both pledges and cash receipts. He said that there has been a positive operating performance on the academic side as well as the health system.

Dr. Larry Jameson reiterated that not only is Penn Medicine doing well financially but it is doing good things for the local community and around the globe; he said that free and subsidized medical care, along with physician training and research support in FY’11 was worth $854 million.

A new department was approved for Wharton: business economics & public policy, which will be formed by merging business & public policy with insurance & risk management.

The Budget and Finance Committee proposed 15 resolutions which were passed including these pertaining to facilities:

  • Steinberg Hall-Dietrich Hall’s west entrance addition ($17.390 million);
  • ARCH building restoration  ($7.259 million);
  • Library’s Special Collection’s Center Phase II ($5.830 million);
  • Palestra-Hutchinson Gym Phase I ($5.565 million);
  • Combined University/Health System Data Center at the South Bank (formerly known as Marshall Labs/Gray’s Ferry) ($3.1 million);
  • Moore School renovations ($2.4 million);
  • Two Cone Beam Computed Tomography Units for the Roberts Proton Therapy Center ($2.192 million).
    There were many appointments to Penn Medicine Board, Overseer and other boards.

 


Almanac - February 21, 2012, Volume 58, No. 23