The University of Pennsylvania Board of Trustees met on Thursday, September 25, 2025.

President J. Larry Jameson presented six resolutions, all of which were approved:

• To reappoint Sara Bachman as dean of the School of Social Policy & Practice 
• To appoint Mark F. Dingfield as Executive Vice President
• To appoint Thomas H. Murphy as Senior Vice President and Chief Transformation Officer 
• To appoint Leigh N. Whitaker as Vice President for Government and Community Affairs 
• To appoint Josh Beeman as Interim Vice President for Information Systems & Computing and University Chief Information Officer 
• To appoint Trevor C. Lewis as Interim Vice President for Finance and Treasurer 

During the academic report, Provost John L. Jackson, Jr., presented a resolution on faculty appointments and promotions, which was approved. 

Executive Vice President Mark Dingfield presented the financial report. For the consolidated University for the 12 months ending on June 30, 2025, total net assets were $33.9 billion, an increase of $2.9 billion, or 9.5% over June 30, 2024. For the academic component, the change in net assets from operations reflected a $518 million increase versus a $306 million increase in the last year. Total revenue of $5.3 billion was $423 million, or 8.8%, above last year. For the health system, the change in net assets from operations reflected an increase of $163 million. Operating revenue increased $1.1 billion, or 10.1%, from $10.9 billion as of June 30, 2024, to $12.0 billion as of June 30, 2025.

Jonathan A. Epstein, Dean of the Perelman School of Medicine and Executive Vice President of the University of Pennsylvania for the Health System, reported a strong year-end performance during the Penn Medicine report. 

A resolution presented by the audit & compliance committee to approve the University’s audited financial statements for fiscal year 2025 was approved.

Four resolutions presented by the budget & finance committee were approved:

• To authorize up to $25 million to design and construct an ambulatory facility, Penn Medicine Wilmington, at 3505 Silverside Road, Wilmington, Delaware, in University of Pennsylvania Health System fiscal years 2025 and 2026
• To authorize Pennovation Infrastructure phase one and electrical substation for an additional $7,104,000 
• To authorize Towne Lab 116 air handling unit replacement & interior renovations in the amount of $16,450,000 
• To authorize 3600 Civic Center Boulevard lobby renovation & auditorium in the amount of $15 million

Trustees Chair Ramanan Raghavendran presented three resolutions, which were approved:

• To appoint Allison Weiss Brady to the WXPN Policy Board
• To appoint David Krupnick to the Board of Trustees of the Wistar Institute 
• To appoint Elliot Menschik to the Board of Trustees of the Wistar Institute