of Trustees June Stated Meeting
University Trustees meetings were held at the Union League last
month, with committees gathering on June 20 and the stated meeting
of the board was on the following day.
Memorial Resolution for Robert L. Trescher, W;34, L37,
H82 noted among other things that the "proudly named
Trescher Entrance leading into the Museums new courtyard
symbolizes that institutions enormous debt to one mans
vision and commitment."
P. Steinberg, W59, was honored with a Resolution of Appreciation
and designated as an Emeritus Trustee.
of Appreciation were also passed for six other long-time trustees:
Judith Roth Berkowitz, CW 64 and chair of last years
Celebration of 125 Years of Women at Penn; Dr. Stanley N. Cohen,
M60, H95; Charles D. Dickey, Jr. H 88; G. Morris
Dorrance, Jr., C49, WG51; Carl K. Kaysen, C40,
H76; Jacqueline G. Wexler, H79.
S. Riepe was reelected as chair of the board for another one-year
term. Jon M Huntsman, Sr., Natalie I. Koether, and Michael L.
Tarnopol were reelected as vice-chairs of the board.
following trustees were elected members of the Executive Committee
for one-year terms: Madlyn K. Abramson, Christopher H. Browne,
Gilbert F. Casellas, Susan W. Catherwood, J. John Clark, David
L. Cohen, Jon M. Huntsman, Sr, Paul K. Kelly, Natalie I. Koether,
William L. Mack, James S. Riepe, Leonard A. Shapiro, Alvin V.
Shoemaker, Michael L. Tarnopol, and George A. Weiss.
H. Browne, Howard S. Marks, Edward Mathias, Paul F. Miller, Jr.,
David M Silfen and Mark Winkelman were elected members of the
K. Kelly, C62, WG64, and Carolyn H. Lynch, PT68,
were reappointed for their second term as Term Trustees.
Judith Rodin presented resolutions of appreciation for Virginia
Clark who is heading to the Smithsonian Institution; John Fry
who is Franklin & Marshalls new president; and James
ODonnell who becomes Georgetown Universitys provost.
N. Doyle was appointed Vice President for Communications, responsible
for developing and implementing a strategic communications plan
designed to enhance Penns position and differentiate it
from its peers.
John Fry presented his last financial report, for the period July
1, 2001 to April 30, 2002. He noted that total net assets increased
$162.2 million; with an increase in net assets from operations
totaling $68.5 million.
Arthur Rubenstein reported that the School of Medicine is moving
ahead with its strategic plan and its finances are stable in spite
of the challenging external environment. Craig R. Carnaroli, as
VP for Finance and Treasurer, was appointed as an ex officio member
of the Penn Med Executive Committee. The Trustees also approved
the renaming of the Cancer Center (see page 1).
new graduate degree program in Public Health Studies that will
offer the Master of Public Health degree will be established within
the School of Medicine. The program was planned by an interschool
committee; their intention is that it function as a university-wide
Trustees approved the closure of the Department of Molecular and
Cellular Engineering in the School of Medicine effective July
1, 2002. Present faculty members will join other departments.
academic oversight for the masters degree program in historic
preservation will be transferred from the Graduate Council of
the Faculties to GSFA since the goals of the program are to prepare
practitioners rather than scholars.
Lee Stetson reported on the Admissions statistics. He said that
the applicant pool was close to 19,000 students with an all-time
high yield of 62%.
and Compliance Chair Paul Kelly proudly noted that their committee
meeting was "uneventful"a reassuring comment in
the post-Enron era.
the other hand, Budget and Finance Chair John Clark said his committees
meetings were "eventful" as they reviewed presentations
on cash flow and debt plans. He then presented numerous resolutions
including the ones authorizing the FY 2003 operating budget for
the University totaling $3.544 billion; the capital plan for FY
2003 which represents estimated project costs of $149.7 million,
as well as the operating budget and capital budget for UPHS.
overseers were appointed to the various boards of overseers.