Boston College Annual Report, 2016

Envisioning the Future Twenty Considerations of Boston College annual report 2016

Inside front cover

Envisioning the Future boston college annual report 2016

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From the President

William P. Leahy, S.J.

5 Envisioning the Future Twenty faculty, staff, and supporters consider Boston College

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At a Glance: Selected Boston College Data

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From the Chair

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Year in Review

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Financial Report

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Statistical and Financial Highlights

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Board of Trustees

cover

A view of Boston College’s Middle Campus, June 2016

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boston college | annual report 2016

From the President

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n the fall 2015 semester, Boston College embarked on development of its next strategic plan, an initiative calling on the University community to devote time and energy to

• candid assessment of the institution’s strengths, weaknesses, and opportunities as a major university with a distinctive heritage; • dialogue, analysis, and reflection, especially in the context of the history and tradition that led to our founding in 1863; • and creative thinking based on the conviction that people committed to enhancing Boston College can articulate ideas and plans that are aspirational and inspirational.

Thus far, 24 committees of faculty, staff, and students have completed reports eval­uating the state of Boston College, paying particular attention to our last strategic plan, “Seven Strategic Directions,” while keeping in mind potential goals and priorities for the next decade. Updates to these reports will be provided to the campus community in the fall 2016 semester. A team will then begin drafting our next strategic plan for consideration by the Board of Trustees in March 2017, with the aim of seeking approval at the June Board meeting.

My vision for Boston College in the next decade draws from three words: university, Catholic, and Jesuit.

University Basic for me is that Boston College be a university and a community of scholars and learners, an institution where teaching, research, inquiry, and debate flourish. It must also prize undergraduate education and the liberal arts as well as the preparation of future scholars and practitioners in selected graduate and professional programs. Boston College should excel in the discovery and transmission of knowledge in ways that are appropriate to its particular mission and resources. It should provide light and wisdom and be a place that not only connects peoples, traditions, and beliefs, but also promotes intellectual engagement and personal transformation.

Catholic In addition, it is critical that Boston College enhance its ability to increase understanding and appreciation of a Catholic religious and educational heritage that places a priority on the liberal arts and the integration of intellectual excellence, religious commitment, and student formation. For centuries, Catholic institutions of higher education have put special emphasis on the liberal arts because, by definition, they help people become more human and more free—better able to know their gifts, to hear God’s call, and to determine how their talents can best be used for the good of others.

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envisioning the future

I also believe that Boston College has a special calling to be a meeting place between faith and culture, especially between the Catholic Church and modern society, so that the Church can better understand contemporary society and that our world can grow in knowledge and appreciation of Catholic beliefs and values. In particular, I hope that Boston College excels in helping members of the Catholic Church, particularly the University’s Catholic students, to develop mature understandings of faith and to live in accord with Catholic beliefs and values.

Jesuit The genius of St. Ignatius was to combine the best of the humanistic education of his day with character formation—a “way of proceeding” that should be both a guide and an inspiration for Boston College. As part of any strategic plan, Boston College should deepen its understanding and commitment to the history, spirituality, and educational traditions of the Society of Jesus. From their founding, Jesuit schools have stressed the importance of a rigorous, methodical approach to learning, as well as care for the individual student. Jesuit schools also have always been involved in the life of the community, nation, and world around them, and Boston College must maintain that tradition of engagement.

Boston College should excel in the discovery and transmission of knowledge in ways that are appropriate to its particular mission and resources. It should provide light and wisdom and be a place that not only connects peoples, traditions, and beliefs, but also promotes intellectual engagement and personal transformation.

As the 20 thoughtful contributors to this annual report make clear, there are many ways for Boston College to express its mission in the coming years. This is a blessing and a challenge.

In leading the Society of Jesus, Ignatius, too, had to make difficult choices about the work that Jesuits would choose to undertake. A particular evaluative concept that he used was “the greater glory of God.” We, too, should ultimately be guided in our planning by efforts to discern the greater service that Boston College can offer as a 21st-century Jesuit, Catholic university.

william p. leahy, s.j.

University President 3

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Envisioning the Future Twenty faculty, staff, and supporters consider Boston College

introduction

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he voices and views of 20 men and women of the Boston College community—10 staff and faculty members and 10

alumni, parents, and supporters—are at the core of this publication.

They were interviewed over the spring of 2016, just after Boston College kicked off a strategic planning effort that will guide the University during the years 2017–27 (see story page 13). These individuals were asked to reflect on their perceptions of Boston College and to answer a number of questions, most particularly: What special strengths do you believe Boston College has acquired in the recent decades? What challenges do you believe it will face in the next decades?

Excerpts from their responses, which begin on the following page, cover a spectrum of issues, some pertaining to higher education generally and some to Boston College specifically, including the escalating cost of a college education, the importance of an undergraduate core curriculum, inter­ disciplinary programs, and the University’s Jesuit, Catholic dimensions.

Interviewees also shared concerns about some of the challenges of our times: economic uncertainty, globalization, developments in science and technology, changes in American culture, the benefits of diversity, and the need for principled leaders at all levels of society.

Boston College hopes that readers of this report will be stimulated by these reflections to develop their own thoughts regarding the University’s responsibilities and prospects. These may be submitted to the University at envision-ggroup@bc.edu.

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John T. Butler, S.J. vice president of mission and ministry joined boston college: 2002

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bout 10 years ago, student formation was known as a Jesuit realm. Now it’s everyone’s realm.

That’s been the important change: the acceptance of the idea that the divisions of Student Affairs and Mission and Ministry and the Provost’s Office all work together to facilitate the internal integration of our students—mind, heart, and soul. And this places student formation right where it needs to be: a central, distinguishing characteristic of Boston College’s Jesuit, Catholic education.

Within the division of Mission and Ministry itself, I think the number-one practical challenge is meeting student demand for our programming. Right now, about half of all undergraduates touch one or two of our programs somewhere along the way toward a degree. And about a third of all students—3,000—are deeply engaged. They go on our retreats. They join mentor­ing programs. They take part in service programs. And, of course, all students participate in our First Year Experience program.

But we’d like more students to be deeply engaged with us, and the students want that as well. So that’s our near-term problem, and it’s a great one to have. But there are other challenges just up the road.

How will we do formation with students who are surely going to be doing a certain amount of online learning? How will we accommodate new developments in social

media and the culture of relationships?

I also believe the BC of tomorrow is going to be more diverse. So how do we do formative education in a way that meets the needs of different cultures and faith traditions?

Darcel D. Clark ’83 bronx county district attorney university trustee 1999–2007, 2008–2015; trustee associate 2007–2008, 2015–2016

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hen I think of BC’s strengths, I think of the opportunity it gave me to know what I wanted to do and become the person I wanted to be. I’ve never worked in the private sector.

I’ve been an assistant district attorney, a judge for 16 years, and now the elected district attorney for the Bronx, where I was raised. The values and encouragement I received at Boston College prepared an ordinary girl to do some extraordinary things.

I think the most important challenge facing BC is the need for diversity for students who don’t necessarily come from the mainstream. And if you’re that kind of student—which I was—you have the best chance of succeeding if you feel welcome at BC, which is hard when you look around at faculty and staff and students and there aren’t a lot of people who are like you. You can still get a valuable education, but if you want to become one of those individuals who is going to light the world, you’ll need to feel a certain comfort before you allow yourself to trust what BC can do for you.

And that’s a challenge we can’t afford to fail at if we want to be true to our values.

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Kara Lyn Cleary ’84, MA ’91 board member, cleary family foundation honorary chair, pops on the heights executive committee

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n terms of strengths, BC as a whole just keeps getting better. It makes all of us proud, and my friends and I joke that we’d never get into Boston College today because the admission standards are so much higher. A particular strength that comes to mind is our core values. Given the conditions in our world, Catholic education and advancement of the Jesuit mission are going to be all the more important in years to come. So we’ve got to maintain that commitment.

Financial aid is something I care about a lot, and it remains a challenge because the cost of higher education continues to rise.

It was so important to my late father (James Cleary ’50), who was fortunate to go to BC on the GI Bill and who founded the Pops on the Heights student scholarship gala in 1993. In the years to come, I’d like to see all qualified students get the financial aid that allows them to choose BC. It’s important for Boston College, and it’s important for the world, that the best and brightest, no matter their financial circumstances, have the chance to experience our educational and spiritual values.

Mary T. Crane rattigan professor of english director, institute for the liberal arts joined boston college: 1986

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ne of the objectives of the previous strategic plan was for BC to develop programs that would make it a leader in liberal arts education. And we’ve done this most dramatically by introducing a new Core Pilot curriculum with courses that are taught by pairs of faculty, with each of the courses tied to a large contemporary concern such as the environment or war or race relations.

We don’t want students taking required Core—or liberal arts—courses because they need to check a box. And we don’t want them completing a Core course thinking it was simply informative. We want students to come away from a Core experience saying, “This changed my way of thinking about something important.”

Our surveys of students indicate that we’re meeting our goal. But we need to be available to more students, so our challenge now is to recruit more faculty to teach in the new Core.

Creating a course is hard work under any circumstances, and collaborative teaching across disciplines is not a skill most faculty learned in graduate school. So new thinking and new learning are required. And those of us leading the program need to be strong advocates and good coaches. And we need to reward faculty who make this special commitment.

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Patricia DeLeeuw

David A. T. Donohue, J.D. ’71

vice provost for faculties joined boston college: 1979

president, international human resources development corporation boston college law school dean’s advisory board, 2013–

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he Boston College that I first came to know did not have many faculty who were part of the international conversation about their disciplines. That’s no longer the case. For one dramatic example, the historian Robin Fleming, who three years ago became our first faculty member to win a MacArthur fellowship, has completely changed the way the world understands early medieval Britain.

In terms of improving faculty quality, I think we can continue to make progress in the humanities, social sciences, and the professions, but our great challenge is going to be in the natural sciences. Science is so important culturally and economically these days, and our students are increasingly drawn to careers in STEM areas. But science is expensive to sustain at high levels of quality, which means we’re going to have to plan our course well and be very thoughtful in choosing what areas, or specialties, to invest in.

Relatedly, we’ve got to continue to build our research profile without diminishing our tradition of faculty colleagueship; of treating each other as partners and not rivals. It’s rare at universities of our stature, and it’s often remarked upon by new faculty as one of the features that attracted them to BC—how well people get along. We need to continue to care about each other. As much as we need to build our strength in scholarship, so too do we need to attend to our uncommon academic culture.

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nstitutions have special cultures, and BC Law has a tremendous reputation for being a place where faculty care for students and students care for each other. The students are bright, articulate, and ambitions, and this culture supports them in preparing for a life in the law. Another strength is that Dean Rougeau and Fr. Leahy are committed to investing in the school and seeing it achieve even higher levels of success and a stronger reputation.

As to challenges, the greatest challenge is that the law profession has been under financial pressure since 2008, with the result that there are fewer jobs in law and fewer people applying to law school overall. Fortunately for BC Law, this past year saw an early and sustained growth in jobs for graduates and a higher number of applications for a first-year class somewhat reduced in size. I don’t believe we’re going to see a reversal of these overall trends anytime soon, so we need to look at creative ways to respond and make the school even more viable. For example, BC Law could expand its reach by offering a two-year business-and-law program. It would earn a student a Master’s of Business and Law, not a law degree or an MBA. But it would provide a graduate with a strong foundation for a career in a variety of areas, especially business.

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Ann Riley Finck ’66, H ’14 nurse practitioner, neuroscience intensive care, ny presbyterian/columbia university medical center chair, boston college alumni association board, 2014–

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think rigorous academic standards are one aspect of what makes us stand out, but the other, more important strength derives from our Jesuit ideals, in particular the ideal of “men and women for others.”

The alumni community is one of our greatest strengths, and I’m not saying this because I’m on the alumni board. You meet a BC person anywhere in the world and they’ll stop and talk with you and help you if they can. Age, sex, position in life—it doesn’t matter. It’s a bond alumni have. Five of my children are graduates of BC, and they’ll say the same.

Another strength is our intolerance of complacency. Our determination to re-strategize and redevelop ourselves— to keep revisiting our standards and making them more relevant—keeps us strong and successful. BC has achieved greatness over the years by paying attention to the way the world changed and by striving to be responsive; to become even greater. I think that’s what Ever to Excel means.

Brian J. Gareau associate professor of sociology and international studies joined boston college: 2009

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ne of the strengths Boston College has gained recently is that it increasingly looks to make interdisciplinary faculty hires. I have a joint appointment, for example, and this is important to me because my scholarship and teaching focus on climate change. And if you want to truly solve some of our carbon issues, you can’t just come at them from one perspective.

You can’t just say, let the engineers solve it.

You can’t just say, let the politicians deal with it.

The challenge is to strengthen this hiring commitment—which takes more careful planning than does the replacement of one faculty member with another within a particular discipline. Additionally, we need to encourage faculty to engage with each other across disciplines. For one reason, it makes sense in terms of research and teaching. But it also sets a sound example for students in that it teaches them that complex issues will require collaborative responses.

Boston College already has a commitment to interdisciplinary work—since coming here I’ve taught with theologians as well as environmental scientists—and I believe it’s one reason why we have a growing reputation for producing students and graduates who want to make the world a better place.

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At a Glance Selected Boston College Data (1996–2016)

U.S. News & World Report ranking 1996:

37

2016:

30

1996:

615

2016:

805

1996:

38 percent

1996:

$17,890

2016:

29 percent

2016:

$50,480

Room and board

1996:

1150–1300

1996:

$7,270

2016:

1300–1440

2016:

$13,818

Most popular majors

Endowed faculty chairs

University scholarships and grants

1996:

1996:

24

2016:

84

Undergraduate students 2016:

9,192

English Biology Political Science Psychology Finance

927 752 747 743 702

2016:

Graduate and professional students 2016:

4,513

Undergraduate international enrollment 1996:

3.5 percent

2016:

6.1 percent

ndergraduate U AHANA enrollment 1996:

16.7 percent

2016:

30 percent

Undergraduate applicants 1996:

16,680

2016:

29,486

Note: Years refer to fiscal year.

Undergraduate tuition

Median SAT scores

Full-time faculty

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Percent of applicants admitted

Economics Finance Biology Communication Political Science

1187 1017 860 763 726

$38.6 million

2016:

$131.3 million

Number of alumni 1996:

115,886

2016:

177,276

Percent of seniors contributing to class gift 1996:

27

2016:

85

Annual giving

Net assets 1996: 2016:

1996:

$801 million $3 billion

Operating budget

1996:

$24.7 million

2016:

$128.4 million

1996:

$339.8 million

Light the World campaign (2008–2016)

2016:

$956.4 million

Total giving:

$1.6 billion

Endowed financial aid:

$247 million

Endowment 1996:

$600 million

2016:

$2.2 billion

Percent of donors who are parents of BC students:

37

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International alumni chapters, 2016

Selected new buildings Yawkey Athletics Center 2003 Connors Retreat Center 2005 Maloney Hall 2011 Cadigan Alumni Center 2012 Stokes Hall 2012 Stayer Hall 2013, dedicated Simboli Hall 2015, dedicated

SĂŁo Paulo, Brazil Beijing, China Hong Kong, China Shanghai, China BogotĂĄ, Colombia Paris, France Jakarta, Indonesia Dublin, Ireland Tokyo, Japan Amman, Jordan Seoul, South Korea Kuwait City, Kuwait Panama City, Panama Manila, Philippines Jeddah, Saudi Arabia Riyadh, Saudi Arabia Singapore Madrid, Spain Dubai, UAE London, United Kingdom

uildings under B construction (2016) 2150 Commonwealth Avenue residence hall 2000 Commonwealth Avenue residence hall McMullen Museum of Art

ponsored activities S expenditures $18.6 million

2016:

$48 million

Library volumes

Acres 1996:

185

2016:

338

Buildings

1996:

1.6 million

2016:

3.2 million

Library digital resources 2016:

1996:

90

2016:

159

1996:

5.6 million

2016:

7.3 million

818,000 e-books

42,000 e-journal subscriptions

Gross square footage

1996:

New student formation programs Halftime 2001 Sophomores, juniors, and seniors AHANA Summit

2006

SparkLunch 2006 All students Freshmen League Male freshmen

2011

Ascend Sophomore women

2013

Senior survey (2015) Percent participating in retreats:

60

Percent participating in service-immersion programs:

34

J esuits working or studying at Boston College (2016): 146 iturgies celebrated weekly L (2016):

57

elected new Jesuit, S Catholic resources Church in the 21st Century Center

2002

C21 Online: Crossroads

2005

Barbara and Patrick Roche Center for Catholic Education

2007

Catholic Studies Minor, Morrissey College of Arts and Sciences

2007

School of Theology and Ministry

2008

Saint Peter Faber Jesuit Community

2010

Institute for Advanced Jesuit Studies

2014

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Judith Gordon professor and chair, management and organization, carroll school of management joined boston college: 1977

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he most basic way Boston College has changed in my time here is that our students are of dramatically higher quality, with a commitment to learning the conceptual, technical, and theoretical foundations of management; a deep interest in the behavioral aspects; and an understanding that the liberal arts underpin everything.

And we’ve changed the Carroll School in response. First, we’ve hired outstanding faculty who can challenge these students and who are leaders in research but also highly committed to teaching. In many areas, we’re now teaching our undergraduates material that we once taught at the MBA level.

As to challenges, these bright students are also ambitious and want to learn skills that will serve them as soon as possible. We need to continue to make sure we train them in the conceptual underpinnings of management and help them develop critical-thinking skills. It’s the kind of learning that will sustain them through their work lives, and it’s important because we’re educating men and women who will wrestle with the needs and culture of management deep into the 21st century. Just consider the past 20 years and the changes they’ve brought to the world of business. I’m confident our faculty will do its best to imagine the next rounds of change and help our students prepare.

Nothing will help our students more, though, than being grounded in habits of study, learning, and judgment.

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Margaret P. and Alfred F. Kelly Jr. mr. kelly is chief executive officer, intersection co-chairs, president’s roundtable, 2013–2016 Ms. Kelly: Boston College is a unique place in that it’s a relatively large university that has the feel of a smaller school. It has a gorgeous campus and has tremendous plans to continue to enhance the property.

Our children [the Kellys are parents of four alumni] have left BC with a great sense of community, great friends, and a direction for their lives on top of a fabulous education. That does not happen by accident. It is part of BC’s goal to educate the whole person, which is a great strength.

Mr. Kelly: I think you would have to start with the brand as a key strength. When one says or hears “Boston College,” there’s an immediate association with academic excellence; a strong Jesuit, Catholic tradition; desirability; striving to do more; and commitment to others. And with a strong brand comes an obligation to continue to build and protect it over time, and BC has a great track record of doing just that.

Ms. Kelly: As a parent, I would certainly say that affordability is a critical challenge.

The cost of tuition continues to rise at levels exceeding CPI, and I worry for my children in terms of what it will cost to send their children to college. And for BC, which is one of the few need-blind universities in the country, this challenge is even greater.

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Mr. Kelly: Two challenges come to mind.

One is determining the right programs to build and offer around the Core liberal arts. BC needs to look out into the future and determine what skills will be required to deal with global opportunities and challenges. The Carroll School’s Portico Program for freshmen is an example of this kind of approach, and so is the current

conversation about integrated sciences and engineering. Changes in healthcare open up another area for a university with a strong nursing program. Another challenge is the growing cost of being a Power Five conference school in athletics. It’s exciting, it builds community, and it builds the brand.

But big-time athletics is an arms race and will be an increasing financial challenge.

2017–2027 Some 200 members of the community are currently engaged in planning the University’s next decade

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n January, Boston College President William P. Leahy, S.J., announced a new strategic planning process—the University Strategic Planning Initiative (USPI)—that will assess strengths and weaknesses and articulate a set of objectives to help guide the University

for the coming decade. This effort began 10 years after the establishment of the last plan, which identified seven “strategic directions,” leading to an Institutional Master Plan and the recently concluded $1.6 billion Light the World campaign.

To oversee the USPI project, Fr. Leahy appointed a 17-person steering committee comprising deans, faculty from across the University, senior members of most vice presidential administrative areas (including Student Affairs, Advancement, and Mission and Ministry), and student representatives.

Chaired by Executive Vice President Michael Lochhead and Provost and Dean of Faculties David Quigley, the committee initiated a University-wide self-assessment. More than 200 individuals in 24 teams representing the colleges and schools; administrative divisions; libraries; and cross-divisional areas such as enrollment management, liberal arts, and international programs, spent the late winter and spring evaluating the University’s progress in achieving the goals of the 2006 strategic plan and its capabilities and challenges for the decade ahead.

This review process will lead to a set of strategic themes that will be further refined during the fall of 2016. The intention is to present a draft strategic plan to the Board of Trustees in March 2017, with final approval expected after the board’s feedback has been incorporated.

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Laura Anne Lowery

Joy Moore ’81, H ’10

assistant professor of biology joined boston college: 2014

associate vice president for alumni relations joined boston college: 2011

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n the few years that I’ve been here, one of the things that I’ve been impressed with is our ability to attract stellar faculty. Science faculty are not as numerous at BC as at larger institutions, but the research we do is every bit as high in quality.

It’s also been refreshing to find that teaching and research are both valued here.

My research focuses on certain groups of cell proteins, and that’s what I’ve been paying particular attention to for the last 10 years. But I was teaching an undergraduate cell biology course during the spring 2016 semester, and I had to read about lots of cell biology research outside of my direct field, and I found that it opened my eyes to new ways of looking at my own projects.

As to challenges, I did a survey in that cell biology class and found that 50 percent of the more than 100 students wanted to work in a research lab. And we don’t have the capacity here at BC. And that’s an important problem because doing research is a critical aspect of becoming a scientist, of understanding how science works.

Research involves challenges and surprises and complications and confusion and triumph. And you have to experience that.

I presented one of my recent research papers to the class. At the end of the presentation, someone said, “I still don’t understand how these three proteins work together.” And I said: Exactly—we’re still figuring that out. That’s science.

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rom an Alumni Association perspective, BC’s greatest strength is that it’s never wavered from its mission to educate men and women and to make the world a better place. The mission has a Jesuit, Catholic religious inspiration, but it takes in people of any religious or spiritual commitment— or of none—who want to learn and to work with that purpose in mind. I think the association has also benefited from decades of strong University leadership.

Our foremost responsibility is to keep alumni connected and engaged with the University and with each other in meaningful ways.

So on a practical level, the challenge is to offer a variety of programming that will bring alumni together. Increasingly, we’ve been building affinity groups composed of individuals who have something in common in addition to Boston College. It might be a career in technology, or living in the Atlanta area, or cultural interests, or having been part of the PULSE program.

And a second challenge is that we increasingly need to reach out to alumni who live across the United States and in scores of international locations. Last year, for example, we did a series of book events in a number of American cities—we used David Brooks’s The Road to Character, which was the book distributed to all freshmen—with one of our Jesuits leading the discussion sessions. And Fr. Leahy made his first visits to alumni chapters in Asia this year. The majority of our alumni still do live

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in the Northeast and mid-Atlantic regions, but an increasing proportion are making lives globally, and we’re becoming a global organization.

Fr. Brian O’Brien ’98 president, bishop kelley high school, tulsa past member, shaw leadership program

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’d say a couple of things about BC’s strengths.

First, the retreats I attended at BC were deeply spiritual and influential. And I’m an advocate of retreats for my high school students now because of my great experience as an undergraduate.

Second, BC really taught me how to get along with people who believe differently from me. Whether in a dorm or in a class, you encountered people from different walks of life—politically speaking, theologically speaking, socially speaking— and that opened my eyes to the fact that many people disagreed with me on many matters, but a person can disagree without being disagreeable. And, as Pope Francis is teaching us, every person matters, every person has dignity, and we have responsibilities to respect and care for each other.

I believe the distinct challenge for BC is to become the flagship Catholic university in the United States, the place to which the American Church can look for the next generation of leaders, whether they are priests, deacons, laypeople, teachers, or business leaders—well-formed men and women who can make a really significant difference from the perspective of Christ and the Church.

If BC can pull that off, the world will be a much better place.

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Hosffman Ospino assistant professor of hispanic ministry and religious education, school of theology and ministry joined boston college: 2007

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y hopes for Boston College are both personal and professional and they center on the challenge of adjusting to the new American Catholic experience in the 21st century. Sixty years ago or so, about 90 percent of American Catholics selfidentified as white and Euro-American.

That was the population Boston College was built to serve primarily. Today, by comparison, about 43 percent of American Catholics are Latino, as are about 60 percent of Catholics under 18.

Boston College has made important adjustments. We’ve hired Latino/a theologians who are the leading voices in their respective fields. The School of Theology and Ministry, the Lynch School of Education, and the School of Social Work, among others, have developed creative teaching and research programs in Latino studies.

We are challenged to strengthen this commitment. For a number of years, under the sponsorship of the Provost’s Office, a group of faculty and administrators has been conceptualizing the idea of an Institute for Latino Studies at BC. It would bring together many initiatives already in existence, spark new ones, and develop partnerships with Latino communities and organizations nationally and internationally. I believe that BC is uniquely positioned to become the leading voice vis-à-vis the American Latino Catholic experience, advancing groundbreaking conversations and new ways of teaching, research, and outreach.

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David Quigley

Vincent D. Rougeau

provost and dean of faculties joined boston college: 1998

dean, boston college law school joined boston college: 2011

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hen I consider BC’s increased strength, I think of the rise in quality of so many academic programs in recent years. The challenge now will be to integrate our gains within a coherent program of research and education that distinguishes the entire university enterprise.

This is a challenge not just for Boston College but for every high-quality research university.

A university’s spin is centrifugal—our work casts us outward, in different disciplinary directions. And this can lead faculty and students to lose sight of their place in an interwoven academic enterprise.

I think it’s especially important that this not happen at Boston College, where a sense of common culture remains strong. I would point to Fr. Michael Himes and his talks with entering students and their families during orientation each year, in which he portrays the Catholic intellectual tradition as the greatest ongoing conversation in the history of the world—a challenging interplay of ideas, traditions, and voices.

Boston College is a place where that important conversation has taken root.

We offer the space, the time, and the habits of mind that support collaboration. Even more, through the Jesuit tradition, we have a sense of God’s presence in all things—of the world’s wholeness. Our challenge will be to develop structures—whether of stone or programs or cultural practices—that allow us to continue to foster the integration of our various excellences into a meaningful and distinctive whole.

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hree of the Law School’s strengths seem worth mentioning in the context of this report. First, we encourage students to recognize the importance of the liberal arts and the humanities—the insight they provide into how people experience the world. The quantitative aspects of legal learning, while critical, need to be balanced with these other understandings.

Second, we’re rooted in moral traditions that remind us that the law must help all people negotiate their lives in society.

Third, we’re open to talk about values—conceptions of right and wrong.

You can justify values within a religious understanding. You can justify them historically or as a matter of philosophy. But BC Law makes it clear that if you don’t tie the law to values there’s a danger that the practice of law will devolve into a wrestling match between the rich and poor, the powerful and weak.

As for challenges, again I’ll mention three. There’s technology, which has changed the way law is practiced and has resulted in fewer professional opportunities for law school graduates. Second, there’s the concern of many lawyers and employers that law school teaching is too theoretical; too disconnected from practice. And of course there’s the challenge of financial aid and of loan forgiveness for recent graduates who practice law at a nonprofit or in the public interest, where much of the legal work that supports a democratic society is carried out by men and women who are relatively low paid. We have to respond to each of these, and we are doing so.

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Navyn Datoo Salem ’94, H ’12 founder and chief executive officer, edesia global nutrition solutions trustee, 2013–

B

oston College does an amazing job integrating service work into a student’s experience in a meaningful and memorable way. Service becomes something students aspire to and even have to compete for.

While service program offerings have really expanded since I was an undergraduate, the number of students who want to participate is often greater than the number of opportunities, presenting a unique challenge to ensure that more students who want to integrate service into their lives have the chance.

Another challenge—not just at BC but at so many schools—is the rising cost of tuition, resulting in students who graduate with mountains of debt. I always wonder if we can challenge ourselves to be better than the rest and find creative solutions to keep costs down with the hopes of allowing our graduates to pursue their dreams.

I believe we want our young graduates to be free to make bold choices such as joining the Peace Corps or starting their own business—making a difference in the world in a big way.

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Patrick T. Stokes ’64 chairman and ceo, anheuser-busch companies, inc. (retired) trustee 1996–2009, 2010–

B

oston College’s academic proposition is a key strength. You don’t come here just to get a skill set. We’re a school that’s geared to form you, to help you become the man or woman you really want to be. Another strength is that we’re good at institutional planning. We went through a strategic planning process 10 years ago, and we’re going through one now to establish strategic priorities to strengthen student formation and enhance our educational capabilities. The key word is “strategic.” First we spend time determining why and how we need to make ourselves stronger. Then we figure out the tactics: what buildings we need, what programs, what faculty.

I think BC really has two general challenges going forward. The first is that the competition isn’t standing still. They’re out there trying to raise money, improve standards, attract better students. So we can’t be satisfied with what we’ve achieved.

A second challenge is that our society is more secular today. There’s clearly been a shift toward short-term results and instant gratification as goals in work and life. More and more, people are asking institutions: What can you do for me right now? In relation to our students, we’re about enabling you to become your best self; to have an enduring set of values all your life. And we can’t let go of that. If we did, we’d become just another university.

envisioning the future

Grace Simmons Zuncic ’05 senior vice president, corporate development & strategy, chobani vice president, alumni association board, 2012–

I

think that BC does an incredible job in offering so many different opportunities to so many different types of students. Whether it was Perspectives, the Shaw Leadership Program, the A&S Honors Program, athletics, the bands, or ROTC—these were programs I took part in or saw my friends take part in that helped to develop the complete person. I would add that, while many universities are champions of social justice, BC’s commitment is distinctive because it’s rooted in the Catholic, Jesuit identity of the school, which gives us a clear definition of social justice and a strong reason to be engaged in it.

Among the challenges we face are keeping that identity strong and maintaining our liberal arts standards. Both these commitments go against the grain of current culture. And then there’s the expense. BC has so many wonderful facets that go into its distinctive educational program. And that costs money. We need to remain committed to keeping the school affordable so that future generations of young people can be part of a distinctive institution that has benefited so many for more than 150 years.

”

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boston college | annual report 2016

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envisioning the future

From the Chair It is my pleasure to share with you Boston College’s 2016 Annual Report, Envisioning the Future.

This year’s edition focuses on the University’s achievements and challenges at a time when it has successfully completed its $1.6 billion Light the World campaign and embarked on a comprehensive strategic planning process. This initiative will evaluate Boston College’s strengths and needs and identify a set of objectives to help guide its course during the next 10 years.

Along with facts and figures that illustrate our University’s success in multiple endeavors, the 2016 report features reflections drawn from interviews with 20 faculty, staff, alumni, and supporters of Boston College on its mission and successes, and the challenges ahead.

This focus gives us opportunity to reflect on the past two decades—a time that has seen the campus expand from 185 acres to 338 acres; the number of full-time faculty rise from 615 to 805, and our sponsored activities expenditures increase from $18.6 million to $48 million. Additionally, the University endowment, which stood at $600 million two decades ago, is now $2.2 billion. We have also seen improvements in the quality, academic achievements, and diversity of our students.

We owe our success to many people, including trustees, faculty, administrators, alumni, and friends. But it should not escape notice that William P. Leahy, S.J., has been our president throughout this era of growth and success.

As I conclude my second year as chair of the Board of Trustees, I am grateful to have served our University, alumni, and friends at this extraordinary time. And I am exceedingly proud of Boston College and the faculty, administration, and students who continuously pursue excellence in higher education, service to others, and accomplishments in the world.

john f. fish Chair, Boston College Board of Trustees

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boston college | annual report 2016

Year in Review

academic affairs The University conferred 2,321 undergraduate and 1,342 graduate degrees, including 155 doctorates, 243 law degrees, and 16 canonical degrees at Boston College’s 140th annual Commencement exercises on May 23. University President William P. Leahy, S.J., presented commencement speaker and U.S. Secretary of Energy Ernest J. Moniz ’66 with an honorary doctor of science degree. Nannette Canniff, founding president emeritus of the St. Boniface Haiti Foundation; John (Jack) Joyce ’61, M.B.A. ’70, managing director of Deutsche Bank Securities Inc. and chairman and founder of the Boston College Club; María Eugenia (Gena) McGowan, principal of St. Matthew Catholic School in Phoenix, Arizona; and Fr. Emmanuel Mwerekande, M.A. ’06, pastor of Our Lady of Fatima parish in Uganda, also received degrees. U.S. Senator and former governor of New Hampshire Jeanne Shaheen spoke at the Boston College Law School Commencement on May 27.

Nine graduating seniors and five alumni were awarded Fulbright fellowships to pursue a year of post-baccalaureate study or an English teaching assistantship abroad. Jesse L. Mu ’17 and Chris Latour ’18 each received a 2016 Barry M. Goldwater Scholarship, considered the nation’s premier undergraduate award in the sciences.

Boston College improved to 30th among national universities in the 2016 U.S. News & World Report survey, and 35th on its “Great Schools, Great Prices” list. The University also ranked 29th on a ValueColleges.com list of “Best Value Colleges” and 19th among private colleges on Kiplinger’s list of “Best College Values.” The Carroll School of Management rose one spot to third on Bloomberg Businessweek’s annual list of undergraduate business programs and once again was 22nd on the U.S. News list. College Factual ranked the University fifth among the top U.S. colleges for a major in history. And the Carnegie Classification of Institutions of Higher Education raised Boston College’s classification to R1—a status reserved for universities with the “highest research activity.”

In the 2017 U.S. News graduate school rankings, the Boston College School of Social Work held its number 10 position, Boston College Law School rose four places to 30th overall, the Connell School of Nursing improved one place to 33rd, and the Lynch School of Education retained its position at 23rd. U.S. News once again ranked the Carroll School of Management among the top 50 M.B.A. programs nationwide, and recognized two of its specialty programs: finance ranked 12th and accounting placed 16th in the tally.

Mark Massa, S.J., stepped down after six years as dean of the School of Theology and Ministry to become director of the Boisi Center for Religion and American Public Life. He succeeds political scientist Alan Wolfe, the center’s founding director, who is retiring.

Stanton Wortham, the Judy and Howard Berkowitz Professor and former associate dean for academic affairs at the University of Pennsylvania’s Graduate School of Education, was 22

envisioning the future

named the inaugural Charles F. Donovan, S.J., Dean of the Carolyn A. and Peter S. Lynch School of Education. His predecessor, Professor Maureen E. Kenny, led the school for five years as interim dean and then dean. Gautam N. Yadama, assistant vice chancellor for international affairs and a professor in the George Warren Brown School of Social Work at Washington University in St. Louis, was appointed dean of the Boston College School of Social Work. He succeeds Alberto Godenzi, who stepped down after 15 years. Accounting Department Chair Billy Soo succeeded Pat DeLeeuw as vice provost for faculties. Nancy Tessier ’82 joined the Provost’s Office as vice provost for enrollment management.

The Woods College of Advancing Studies redesigned its undergraduate program, appointed a board of advisors chaired by former University Trustee John M. Connors ’63, H ’07, launched new master’s degree programs in cybersecurity policy and governance, and expects to inaugurate the University’s first fully online master’s program—in executive health care administration—in the fall of 2016.

Some 2,000 people attended “Our Common Home: An Ethical Summons to Tackle Climate Change,” a four-day interdisciplinary conference examining Pope Francis’s climate change encyclical, Laudato Si, and its global impact. Papal advisor Cardinal Peter K.A. Turkson, president of the Pontifical Council for Justice and Peace, and U.S. Senator Ed Markey ’68, J.D. ’72, were among featured speakers at the conference, which ran from September 28 through October 1.

Boston College Vice Presidents (standing, from left) : David P. Trainor, Vice President for Human Resources; John D. Burke, Financial Vice President and Treasurer; Daniel F. Bourque, Vice President for Facilities Management; Barbara Jones, Vice President for Student Affairs; Michael J. Bourque, Vice President for Information Technology; Thomas J. Keady, Vice President for Governmental and Community Affairs; Terrence P. Devino, S.J., Vice President and University Secretary; James J. Husson, Senior Vice President for University Advancement; (seated): John T. Butler, S.J., Vice President for University Mission and Ministry; David Quigley, Provost and Dean of Faculties; Michael J. Lochhead, Executive Vice President; Kelli J. Armstrong, Vice President for Planning and Assessment

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boston college | annual report 2016

boston college deans (standing, from left): Thomas B. Wall, University Librarian; Susan Gennaro, Connell School of Nursing; Alberto Godenzi, School of Social Work; James P. Burns, I.V.D., Woods College of Advancing Studies; Andrew C. Boynton, Carroll School of Management; Mark S. Massa, S.J., School of Theology and Ministry; (seated): Maureen E. Kenny, Lynch School of Education; Gregory A. Kalscheur, S.J., Morrissey College of Arts and Sciences; Vincent D. Rougeau, Law School

Marvin Chow ’95, Google vice president for global marketing, gave the keynote address at the second annual Advancing Research and Scholarship Day, a daylong interdisciplinary symposium highlighting big-data-driven projects professors and students are pursuing at Boston College. And “Blacks in Boston,” a symposium series founded in 1983 at Boston College, returned to campus for the first time since 2000 for a daylong discussion of immigration issues.

Boston College Law School Professor Ray Madoff and William Bagley, an adjunct faculty member in the Law School, launched the Forum on Philanthropy and the Public Good, a nonpartisan think tank. The website Inside Philanthropy named Madoff “philanthropy critic of the year.”

School of Theology and Ministry Assistant Professor Hosffman Ospino and Roche Center for Catholic Education Executive Director Patricia Weitzel-O’Neill released a report showing that the number of Hispanic children enrolled in U.S. Catholic schools has remained stagnant for two decades. Just 2.4 percent of the nation’s 12.4 million school-age Hispanic children attend Catholic schools.

Boston College marked the 100th anniversary of Ireland’s 1916 Easter Rising with a yearlong series of academic and cultural events that began in October, when Margaret Kelleher, Ph.D. ’92, gave the inaugural Adele Dalsimer Memorial Lecture in honor of the late professor of English who cofounded Boston College’s Irish Studies Program in 1978.

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envisioning the future

The Irish Studies Program hosted an international symposium that brought nearly 200 scholars, artists, and writers to the Heights in March 2016. The Easter Rising centenary also occasioned a concert of traditional music and dance concerts as well as Twinsome Minds: Recovering 1916 in Images and Stories, a multimedia lecture created by Seelig Professor in Philosophy Richard Kearney and Associate Professor of Fine Arts Sheila Gallagher that was performed in Boston, Dublin, and several other cities in Europe.

Economics was the most popular field of concentration, with a record 1,187 majors. It was followed by finance (1,017), biology (860), communication (763), and political science (726). The Office of International Students and Scholars reported an enrollment of 754 undergraduates and 736 graduate students in 2015–16, and noted that the total (1,490) is nearly double what it was in 2005–06, when international student enrollment was 776.

Almost 9 percent of freshmen enrolled in interdisciplinary Core Renewal pilot courses that were introduced in the fall semester.

faculty research and awards Tim van Opijnen, an assistant professor of biology, received a five-year, $10 million National Institutes of Health grant to lead a team pursuing antibiotic treatments, and Associate Professor of Mathematics J. Elisenda Grigsby was awarded a 2016 Simons Foundation Fellowship and the Presidential Early Career Award for Scientists and Engineers.

Law Professor Mary Sarah Bilder received a Bancroft Prize, considered one of the most prestigious honors in the field of American history, for Madison’s Hand: Revising the Constitutional Convention. Bilder was also appointed Founders Chair professor at the Law School.

Thomas Chiles, the DeLuca Professor of Biology and vice provost for research, was named to the Global Commission on Pollution, Health, and Development, an initiative of The Lancet, the Global Alliance on Health and Pollution, and Mount Sinai’s Icahn School of Medicine, which is charged with quantifying the economic and health costs of pollution.

Lynch School of Education Professor G. Michael Barnett is the lead investigator in a $1.2 million National Science Foundation-funded project to develop a STEM (science, tech­ nology, engineering, and mathematics) career-pathways program for low-income students.

Lynch School Professor Maria Estela Brisk received a Lifetime Achievement Award from the American Educational Research Association. Associate Professor of Psychology Liane Young won the Society for Philosophy and Psychology’s 2016 Stanton Prize. And Assistant Professor of History Thomas Dodman was chosen as a 2016–17 Mellon Fellow at the Institute for Advanced Studies in Princeton, New Jersey.

The Fulbright Program named Connell School of Nursing Associate Professor Melissa Sutherland and Law Professor and Director of International Programs David Wirth as 2016–17 scholars. Connell School Professor Ann Wolbert Burgess received the American Professional Society on the Abuse of Children’s 2015 Outstanding Professional Award, and the Collegiate Warrior Athlete Initiative, a Connell School research project designed to improve the fitness levels of post-9/11 veterans, completed its pilot phase under Burgess’s direction.

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boston college | annual report 2016

jesuit, catholic mission Places at the Ignatian Society’s “Lunches with Jesuits” at St. Mary’s Hall were fully booked throughout the academic year. The Jesuit community and the Office of Residential Life prepared for the August 2016 opening of Loyola House at 50 Quincy Road, a “residential house of discernment” for students considering a life in the Jesuit order.

The Institute for Advanced Jesuit Studies launched the Certificate in Jesuit Studies, a nine-credit professional program that examines and promotes understanding of Jesuit spirituality, history, and leadership. It also inaugurated Ever to Excel, a summer program that introduces high school students to Jesuit teaching and practices.

Peruvian theologian Gustavo Gutiérrez, O.P., the John Cardinal O’Hara Professor of Theology at Notre Dame who is widely regarded as the founder of liberation theology, drew a capacity crowd of more than 600 people to the Heights Room November 16 when he spoke as part of the Church in the 21st Century Center’s “Our Faith, Our Stories” series.

Fr. Leahy presented the President’s Medal for Excellence to Gutiérrez.

The Church in the 21st Century Center, now in its 14th year, sponsored, provided training, and helped launch Agape Latte, a monthly forum for informal student faith discussions, on some 25 new partner campuses. Meanwhile, each of seven Agape Latte gatherings in Hillside Café attracted an average of 500 students.

arts The McMullen Museum of Art hosted John La Farge and the Recovery of the Sacred, a fall exhibition inspired by a gift to the museum from William Vareika ’74 of a La Farge stainedglass triptych. The McMullen’s exclusive spring exhibition, The Arts and Crafts Movement: Making It Irish, an exploration of ways in which the movement helped shape Ireland’s postcolonial culture, won critical praise in Ireland and the United States. It was the last exhibition to be mounted in the museum’s Devlin Hall location; the McMullen is scheduled to reopen in September 2016 in its newly renovated quarters at 2101 Commonwealth Avenue, on the Brighton Campus.

Michelle Miller ’98, an actress, singer, scriptwriter, and producer, returned to her alma mater as the 2015–16 Rev. J. Donald Monan, S.J., Professor in Theater Arts; and singer and writer Patricia Noonan ’07 also came back to campus to stage Learning How to Drown, her musical inspired by the Irish story of the Selkies. Nick Scandalios ’87, executive vice president of the Nederlander Organization—one of the largest privately owned operators of Broadway theaters and music venues in the United States—received the Arts Council Alumni Award for Artistic Achievement at Boston College’s 18th annual Arts Festival on April 28–30.

The Hugo Wolf Quartet premiered Associate Professor of Music Ralf Yusuf Gawlick’s Imagined Memories, a 40-minute “musical memoir” for string quartet, in St. Mary’s Hall in April. The piece was subsequently performed in Carnegie Hall’s Weill Recital Hall in New York City. Tenor Ronan Tynan was an artist-in-residence in the Music Department in late October.

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envisioning the future

athletics On January 22, an 8–0 Eagles win over the University of Massachusetts gave Jerry York ’67, already the winningest ice hockey coach in NCAA history, his 1,000th collegiate victory.

The women’s ice hockey team finished with the most successful run in the history of Boston College athletics. The Eagles started the season 40–0, and won the Beanpot and Hockey East Tournaments before losing the NCAA national championship game to the University of Minnesota. Coach Katie Crowley received the Women’s Hockey Coach of the Year Award, and Alex Carpenter ’16, Haley Skarupa ’16, and Megan Keller ’18 were among 10 finalists for the Patty Kazmaier Memorial Award, women’s collegiate hockey’s highest honor. Carpenter, Skarupa, Keller, and Dana Trivigno ’16 also made the U.S. Women’s National Team for the 2016 World Championships, along with alumnae Emily Pfalzer ’15 and Kelli Stack ’11.

In May, the baseball team retired the number 3 jersey of former captain Pete Frates ’07, who was diagnosed with ALS (amyotrophic lateral sclerosis) in 2012. Frates’s “Ice Bucket Challenge” awareness campaign has raised more than $100 million for ALS research. The team enjoyed its most successful season in decades, finishing 35–22, and along the way winning the Beanpot Tournament and earning its first-ever trip to the NCAA Super Regionals (which it would lose in a decisive third game to Miami). Pitcher Justin Dunn ’17 was drafted 19th overall by the Mets, the highest pick ever for a Boston College baseball player. The

executive committee of the board of trustees (standing, from left): Steven M. Barry, Leo J. Corcoran, Susan Martinelli Shea, Peter K. Markell, Marianne D. Short, Charles I. Clough Jr., Joseph L. Hooley III; (seated): Patrick T. Stokes, John F. Fish, William P. Leahy, S.J.

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boston college | annual report 2016

American Baseball Coaches Association named head coach Mike Gambino ’99 the 2016 Northeast Coach of the Year. After a 10–9 season, the women’s lacrosse team advanced to the NCAA tournament before losing to Stony Brook University in the first round.

In February, Athletics Director Brad Bates announced a $200 million investment plan to enhance intercollegiate, intramural, and club sports. It is to include a 240,000-square-foot recreation facility that will replace the Flynn Recreation Complex; baseball, softball, and intramural playing fields on the Brighton Campus; and an athletics field house adjacent to Alumni Stadium. The athletics program also launched Flight School, a program that helps student-athletes prepare for postgraduate careers. The University once again ranked fifth in the nation on the NCAA’s survey of graduation success rates of college athletes.

Sailors Annie Haeger ’12 and Briana Provancha ’11 were chosen to compete for Team USA in the two-person 470 event at the 2016 Summer Olympics in Brazil. Swimming team alumnus Joe Maloy ’08, WCAS ’10, was selected to compete for the U.S. Olympic squad in the triathlon. Epéeist Renee Bichette ’17 finished seventh at the NCAA fencing championship—the highest-ever placing by an Eagle.

student life Connell School of Nursing student Chiamaka Okorie ’17 was awarded this year’s Martin Luther King Jr. Memorial Scholarship. Katie Chen ’17 won the Benigno and Corazon Aquino Scholarship in recognition of her academic excellence and service to the Asian American community. Maura Lester McSweeney ’17, a philosophy major and international studies minor, won the 2016 Archbishop Oscar A. Romero Scholarship, given each year to a student who demonstrates outstanding academic achievement, leadership, and involvement in the Hispanic/Latino community.

Marissa Marandola ’16, a Gabelli Presidential Scholar graduating summa cum laude and Phi Beta Kappa, won the 2016 Edward H. Finnegan, S.J., Award, given each year to a grad­ uating senior who best exemplifies Boston College’s motto “Ever to Excel.” John Gabelus ’16 received the 2016 Dr. Donald Brown Award, which honors a senior who made extra­­ ordinary contributions to Boston College, and particularly to the AHANA community.

Gabelli Presidential Scholar, biology major, and medical humanities minor Russell Simons ’17 and political science major Meredith McCaffrey ’17 were elected undergrad­ uate government president and executive vice president, respectively, for 2016–17.

The Morrissey College of Arts and Sciences, the Career Center, the Division of Student Affairs, and the Alumni Association launched Endeavor: The Liberal Arts Advantage for Sophomores. Nearly 200 sophomores returned from winter break early to participate and some 60 alumni served as mentors and took part in panels during this two-day career exploration program. Eleven Boston-area companies offered job-shadowing opportunities.

Business executive and author Steve Pemberton ’89, H ’15, was the keynote speaker at Endeavor.

The student entrepreneur teams behind Emocean—an app that allows two people to listen to a song simultaneously—and Purple Parachute—a nonprofit organization that plans to sell creative play kits and use the revenue to benefit child refugees—each took home 28

envisioning the future

$10,000 as the winners of the 2016 Shea Venture Competition. Will Supple ’19 won grand prize at the 12th annual Sing It to the Heights competition in March, which raised money for the St. Columbkille Partnership School in Brighton, Massachusetts.

In its 10th anniversary year, Boston College’s undergraduate research journal, Elements, collaborated with Boston College Libraries to launch an open-access digital platform that is recognized as a digital publication by the Library of Congress.

Students in record numbers volunteered for Campus Ministry programs during the 2015–16 academic year. More than 500 participated in 4Boston, serving four hours each week at a Boston-based social service, health, or education organization. Some 500 students signed on to the Appalachia Volunteers Program, a yearlong effort that culminates in an annual spring trip to struggling areas of the United States. And 136 students joined the Arrupe International Immersion Program, which builds intentional communities that focus on prayer, reflection, conversation, and international immersion experiences.

MANAGEMENT In January, President Leahy announced the University Strategic Planning Initiative, an institution-wide effort to measure its strengths and weaknesses and articulate objectives to help guide the University for the coming decade. This initiative comes 10 years after the establishment of the last plan, which identified seven “strategic directions,” that became the basis for an institutional master plan and the recently concluded $1.5 billion Light the World campaign.

Two new student residence halls were prepared for fall 2016 occupancy: a five-floor, 490bed, apartment-style residence at 2150 Commonwealth Ave. (onetime site of More Hall) and a 17-floor former apartment building at 2000 Commonwealth that will house 540 students in two-, three-, and four-bedroom units. Both residences feature common spaces for socializing, study, and reflection. University Health Services moved from its longtime location in Cushing Hall to the first floor of 2150 Commonwealth.

The University named Associate Vice President of Finance John D. Burke ’84 its new financial vice president and treasurer. Burke succeeds Peter McKenzie, who retired after 25 years of service. Patricia Lowe, a former officer in the Boston College Department of Human Resources, was named executive director of the Office for Institutional Diversity.

The Board of Trustees set 2016–17 undergraduate tuition, room, and board at $65,114— an increase of 3.65 percent. Trustees also approved a 4.1 percent increase in need-based undergraduate financial aid, which will rise to $114 million.

university advancement and alumni association The Light the World campaign ended in May after surpassing its fundraising goal of $1.5 billion in December. The largest fundraising initiative in Boston College history, the campaign concluded with more than $1.605 billion raised for key University priorities, including academic excellence; financial aid; Jesuit, Catholic heritage and student formation; athletics; and new campus building projects. More than 140,000 alumni, parents, and friends supported the landmark endeavor.

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The Carroll School of Management’s Edmund H. Shea Jr. Center for Entrepreneurship, named in honor of the late California entrepreneur and venture capitalist and supported by a gift from his wife, Mary, and their six children, was dedicated in November. Phil Schiller ’82, senior vice president of worldwide marketing for Apple Inc., gave the keynote address and took part in a panel discussion of entrepreneurship at a dedication and inaugural symposium November 5–7.

Pops on the Heights: The Barbara and Jim Cleary Scholarship Gala raised $7.5 million, funding scholarships for 275 Pops Scholars in 2015. The Shaw Society—donors who have made legacy gifts to the University—welcomed 94 new members, bringing the total to more than 2,790. Legacy gifts contributed $131 million to the Light the World campaign.

In recognition of a $10 million gift from University Trustee, Boston College parent, and longtime supporter Mario Gabelli, the open areas surrounding Conte Forum will be named the Gabelli Plazas.

Denise Morrison ’75, president and CEO of the Campbell Soup Company, became the first alumna to receive the President’s Medal for Excellence at the 28th annual Wall Street Council Tribute Dinner at the Waldorf Astoria in New York City. The event, which has raised more than $26 million since its inception, raised $2 million this year for the Wall Street Council Scholarship Fund, which benefits students in the Gabelli Presidential Scholars Program.

In October, the University held the Boston College Global Forum: Asia, a series of events in Hong Kong that celebrated Boston College’s burgeoning global presence and honored the Jesuit legacy in Asia. Fr. Leahy presented the President’s Medal for Excellence to Dr. Victor Fung and Julia Fung, P ’99, for their support of Catholic education in Asia and worldwide.

It was the first time the medal was awarded outside the United States.

Former Secretary of State Madeleine Albright was the inaugural speaker at the Council for Women of Boston College Colloquium, which invites prominent leaders to campus to consider contemporary issues through the lens of women’s leadership. The Alumni Association Board of Directors, led by Ann Riley Finck ’66, H ’14, launched a new alumni engagement initiative that reaches out to graduates of the 1990s.

The Alumni Association presented its highest honor, the William V. McKenney Award, to University Trustee Associate Darcel Clark ’83, and the James F. Cleary ’50, H ’93, Masters Award to Margot Connell, H ’09. The John J. Griffin Sr. ’35, H ’72, Alumni Association Award was given this year to long-standing chapter leader Roshan Rajkumar ’95, and the Philip J. Callan Sr. ’25 Young Alumni Award to Kathryn Balch ’08. Meghan Dunn ’15 and Nicholas Solazzo ’15 received the James F. Stanton ’42 Senior Class Gift Award, and Boston College Varsity Club Hall of Fame member Sherman “Whip” Saltmarsh Jr. ’53, was the recipient of the John P. Curley 1913 Award.

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boston college | annual report 2016

Financial Report

F

iscal 2016 was a very successful year at Boston College, although volatility in the capital markets led to a modest decrease in the University’s total net assets. Enrollments in undergraduate and graduate programs were strong, applications for admission remained high, construction activity was robust, and faculty hires and promotions were unimpeded.

Additionally, the University successfully completed its record-breaking Light the World capital campaign, raising more than $1.6 billion from over 140,000 donors.

fiscal 2016 financial results As noted in the accompanying “Growth in Net Assets” chart, the University’s net assets decreased by $67 million, a 2 percent reduction over the previous year’s level. Strong fundraising results, plant asset increases, and higher-than-budgeted tuition revenues were offset by a decline in the University’s investment performance. The primary liquidity ratio, “Expendable Resources to Debt,” decreased slightly, from 1.8 times coverage in fiscal 2015 to 1.7 times coverage in fiscal 2016 (see chart page 35).

The University’s endowment fund decreased by $150 million to $2.2 billion. Contributions of $54 million were offset by investment losses of $97 million and net endowment support for operations of $107 million. The portfolio return on the endowment fund was −4.3 percent. Notwithstanding a difficult investment environment, the Boston College endowment has consistently generated competitive returns over time, including an annualized return of 8.3 percent since the beginning of the current decade. The endowment portfolio remains well diversified, with 49 percent in domestic and international equities, 10 percent invested in fixed income securities, and 41 percent invested in alternative strategies including absolute return funds, private equity funds, and real asset funds.

Gross plant assets increased in excess of $186 million. This growth was driven by the construction and completion of a new apartment-style student residence at 2150 Commonwealth Ave., the renovation of a former apartment building that is now a student residence at 2000 Commonwealth Ave., and the relocation and renovation of the McMullen Museum of Art at 2101 Commonwealth Ave. The $20 million purchase of 300 Hammond Pond Parkway in Newton also contributed to the increase in plant assets, expanding the campus footprint by 25 acres in close proximity to the Main Campus. Construction projects will continue on campus in 2016–17, with the demolition of Edmond’s Residence Hall making way for a new recreational complex.

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Despite volatility and uncertainty in the capital markets, operations during fiscal 2016 continued on a relatively normal course. Strong enrollments, contributions, and sponsored programs led to overall revenue growth of 4 percent. Tuition revenues exceeded budgeted expectations while the related student receivables remained low. Boston College continues to be one of only 19 private universities that maintain a need­blind undergraduate admission policy while also meeting the full demonstrated need of undergraduates who apply for financial aid. To assist returning students and their families, Boston College increased financial aid funds by 5 percent. The University saved on expenses in many areas of the operating budget, most notably on utilities and other general expenses.

conclusion While the University is not immune to the effects of global capital markets, strong enrollments and donor support, coupled with our long-range planning processes and disciplined expense controls, have and will continue to ensure the University’s ability to navigate periods of market volatility.

In fiscal 2016, Boston College embarked on a new University Strategic Planning Initiative.

During the first few months of fiscal 2017, major themes will emerge from this effort. They will ultimately chart a new strategic direction for the University that will require additional investments for capital and academic programs. The University’s secure financial base and favorable outlook will position us for great success as we move forward with our new strategic initiatives in the future.

Building on the achievements of the current strategic plan and the overwhelming support we have received from the donor community through the Light the World campaign, the coming years hold significant promise for the University. The financial division will endeavor to ensure that resources are available to achieve the University’s goals, and will serve as a partner in advancing the Jesuit, Catholic mission of Boston College.

john d. burke Financial Vice President and Treasurer

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boston college | annual report 2016

Statistical and Financial Highlights Statistics

2012

2013 2014 2015 2016

9,484

9,480

Full-time Equivalent Enrollment Undergraduate Graduate/professional Total full-time equivalent enrollment

9,396

9,499

9,479

4,046

3,940

3,820

3,780

3,832

13,530

13,420

13,216

13,279

13,311

Full-time Employees Faculty

752

761

758

786

805

Staff

2,296

2,316

2,347

2,405

2,442

Total full-time employees

3,048

3,077

3,105

3,191

3,247

Chestnut Hill campus

5,501,689

5,700,398

5,700,405

5,626,309

5,559,948

Newton campus/other

1,619,779

1,625,000

1,625,000

1,635,415

1,642,124

Total gross square feet

7,121,468

7,325,398

7,325,405

7,261,724

7,202,072

$3,394,746

$3,636,770

$4,094,586

Campus Facilities (gross square feet)

Financial (fiscal years ending May 31) In thousands of dollars Statement of Financial Position Total assets Total liabilities Total net assets

(995,896)

(967,407) (1,204,006)

$4,270,271 $4,203,498 (1,192,358) (1,192,291)

$2,398,850

$2,669,363

$2,890,580

$3,077,913

$3,011,207

$1,757,447

$1,981,350

$2,198,282

$2,345,989 $2,195,665

13,998

15,145

15,403

20,135

18,211

(94,442)

274,821

247,280

152,307

(97,401)

Endowment and Similar Funds Net assets Investment income Realized and unrealized investment (losses) and gains, net

Physical Plant Land and improvements

$238,168

$244,983

$248,987

$260,310

$282,570

Buildings (including capital lease and purchase option)

1,115,947

1,221,825

1,242,168

1,354,550

1,428,570

Equipment

199,909 205,604 218,615 229,853 237,260

Library books/rare book and art collections

182,414

191,352

200,727

210,158

220,830

Plant under construction

76,870

37,849

91,708

82,542

154,382

Physical plant, gross

1,813,308

1,901,613

2,002,205

2,137,413

2,323,612

Accumulated depreciation and amortization

(658,847)

(703,483)

(808,024)

(863,693)

Physical plant, net

(753,054)

$1,154,461

$1,198,130

$1,249,151

$1,329,389 $1,459,919

Statement of Activities Total operating revenues, net

$653,663

$671,057

$702,714

$733,069

$761,378

Total operating expenses

653,550

670,940

702,592

732,942

761,246

Total non-operating activity

(76,566)

270,396

221,095

187,206

(66,838)

$139,488

$150,932

$157,121

$165,062

$173,550

Federal/state programs (including Pell grants)

9,964

10,166

9,892

9,637

9,948

Student loans granted by the University

7,845

7,777

6,636

6,277

4,993

$157,297

$168,875

$173,649

$180,976

188,491

Student Aid University scholarships, fellowships, and prizes

Total student aid

34

envisioning the future

Operating and Nonoperating Revenues*

1.4%

OTHER

TUITION AND FEES, GROSS 59.5% PRIVATE GIFTS 16.7%

.7%

INVESTMENT INCOME, net

sponsored RESEARCH, GRANTS, AND FINANCIAL AID 5.4% AUXILIARY ENTERPRISES, GROSS 16.3% * Fiscal 2016 net realized and unrealized investment losses are excluded from this analysis

expenses

instruction 31.9%

.5%

public service

AUXILIARY ENTERPRISES 17.7% student AID 18.8% academic support

7.4%

RESEARCH

4.3%

student services

6.4%

general administration 13.0%

growth in net assets

expendable resources to debt

1,600

3,000

1,400

2,500

1,200

millions

millions $

1,800 3,500

2,000 1,500

1,000 800 600

1,000

400

500

200

0

0 fy2012

fy2013

fy2014

fy2015

fy2016

fy2012

fy2013

fy2014

fy2015

real

total expendable resources

inflationary

total outstanding debt

fy2016

35

boston college | annual report 2016

36

envisioning the future

Board of Trustees officers 2015–2016 CHAIR

John F. Fish VICE CHAIR

Peter K. Markell SECRETARY

Susan Martinelli Shea PRESIDENT

William P. Leahy, S.J.

PATRICK CARNEY

WILLIAM J. GEARY

Chairman Emeritus Claremont Companies Bridgewater, Massachusetts

General Partner Flare Capital Partners Boston, Massachusetts

CHARLES I. CLOUGH JR.

SUSAN McMANAMA GIANINNO

Chairman and Chief Executive Officer Clough Capital Partners, LP Boston, Massachusetts

Chairman, Publicis North America New York, New York

MARGOT C. CONNELL

Beverly Hills, California

Chair and Member of the Advisory Board Connell Limited Partnership Boston, Massachusetts ROBERT J. COONEY

trustees 2015–2016 STEVEN M. BARRY

Partner Cooney & Conway Chicago, Illinois

Managing Director, Chief Investment Officer of Fundamental Equity Goldman Sachs Asset Management New York, New York

LEO J. CORCORAN

DRAKE G. BEHRAKIS

PAUL R. COULSON

President and Chief Executive Officer Marwick Associates Lexington, Massachusetts

President and Chairman Ardagh Group London, United Kingdom

PATRICIA LYNOTT BONAN

CLAUDIA HENAO de la CRUZ

Managing Director (Ret.) JPMorgan Chase & Co. Potomac, Maryland

Past Chair Centro Mater Foundation Key Biscayne, Florida

MATTHEW J. BOTICA

MICHAEL H. DEVLIN II

Partner Winston & Strawn LLP Chicago, Illinois

Managing Director Curragh Capital Partners, LLC New York, New York

CATHY M. BRIENZA

JOHN R. EGAN

Partner (Ret.) WallerSutton 2000, LP and Waller-Sutton Media Partners, LP New York, New York

Managing Partner Carruth Management, LLC Westborough, Massachusetts

KAREN IZZI BRISTING

President Santa Clara University Santa Clara, California

Owner Equinox Equestrian Center Sun Valley, California JOHN E. BUEHLER JR.

Senior Advisor (Ret.) Ares Management, LLC Mill Valley, California

President Autumn Development Company, Inc. Boston, Massachusetts

MICHAEL E. ENGH, S.J.

JOHN F. FISH

Chairman and Chief Executive Officer Suffolk Construction Company Boston, Massachusetts MARIO J. GABELLI

Chairman and Chief Executive Officer GAMCO Investors, Inc. Rye, New York

JANICE GIPSON

DAVID T. GRIFFITH

President and Chief Executive Officer M. Griffith Investment Services, Inc. New Hartford, New York KATHLEEN POWERS HALEY

Manager Snows Hill Management, LLC Wellesley, Massachusetts CHRISTIAN W. E. HAUB

President and Chairman Emil Capital Partners, LLC Greenwich, Connecticut DANIEL S. HENDRICKSON, S.J.

President Creighton University Omaha, Nebraska JOSEPH L. HOOLEY III

Chairman and Chief Executive Officer State Street Corporation Boston, Massachusetts KATHLEEN FLATLEY IX

Wellesley, Massachusetts ROBERT L. KEANE, S.J.

Rector Boston College Jesuit Community Chestnut Hill, Massachusetts WILLIAM P. LEAHY, S.J.

President Boston College Chestnut Hill, Massachusetts PETER S. LYNCH

Vice Chairman Fidelity Management & Research Company Boston, Massachusetts MATTHEW F. MALONE, S.J.

President and Editor in Chief America Media New York, New York

37

boston college | annual report 2016

T. J. MALONEY

SUSAN MARTINELLI SHEA

HON. DARCEL D. CLARK

Chairman and Chief Executive Officer Lincolnshire Management, Inc. New York, New York

Founder and President Dancing with the Students Philadelphia, Pennsylvania

District Attorney Bronx County District Attorney Office Bronx, New York

PETER K. MARKELL

MARIANNE D. SHORT

JUAN A. CONCEPCIÓN

Executive Vice President of Administration and Finance, Chief Financial Officer, and Treasurer Partners HealthCare System, Inc. Somerville, Massachusetts

Executive Vice President and Chief Legal Officer UnitedHealth Group Minnetonka, Minnesota

Associate General Counsel Local Corporation Boston, Massachusetts

RALPH C. STAYER

JOHN M. CONNORS JR.

CARMINE A. MARTIGNETTI

Chairman and Chief Executive Officer (Ret.) Johnsonville Sausage, LLC Sheboygan Falls, Wisconsin

Chairman The Connors Family Office Boston, Massachusetts

PATRICK T. STOKES

KATHLEEN A. CORBET

Managing Director of Asset Management (Ret.) J.P. Morgan Jupiter, Florida

Chairman of the Board and Chief Executive Officer (Ret.) Anheuser-Busch Companies, Inc. Maryland Heights, Missouri

Founder and Principal Cross Ridge Capital, LLC New Canaan, Connecticut

WILLIAM S. McKIERNAN

ELIZABETH W. VANDERSLICE

President WSM Capital, LLC Los Gatos, California

New York, New York

Chairman Corcoran Jennison Companies Boston, Massachusetts

President, Co-Owner Martignetti Companies Taunton, Massachusetts DAVID M. McAULIFFE

JOHN C. MORRISSEY III

Managing Director Shea Ventures Walnut, California JOHN V. MURPHY

Chairman, President, and Chief Executive Officer (Ret.) Oppenheimer Funds, Inc. Boston, Massachusetts BRIEN M. O’BRIEN

Chairman and Chief Executive Officer Port Capital, LLC Chicago, Illinois

DAVID C. WEINSTEIN

Chief of Administration (Ret.) Fidelity Investments Newton, Massachusetts MICHAEL D. WHITE

Chairman, President, and Chief Executive Officer (Ret.) DIRECTV Osterville, Massachusetts

ROBERT F. COTTER

President (Ret.) Kerzner International Coral Gables, Florida BRIAN E. DALEY, S.J.

Huisking Professor of Theology University of Notre Dame Notre Dame, Indiana ROBERT M. DEVLIN

trustee associates 2015–2016 MARY JANE VOUTÉ ARRIGONI

Greenwich, Connecticut

FRANK E. PREVITE

PETER W. BELL

Founder, President, and Chief Executive Officer EBI Consulting Burlington, Massachusetts

Senior Advisor Highland Capital Partners Menlo Park, California

NAVYN DATOO SALEM

ERICK BERRELLEZA, S.J.

Founder Edesia Global Nutrition Solutions Providence, Rhode Island

Associate Pastor St. Francis Xavier Parish Phoenix, Arizona

REV. NICHOLAS A. SANNELLA

GEOFFREY T. BOISI

Pastor Immaculate Conception Parish Lowell, Massachusetts

Chairman and Chief Executive Officer Roundtable Investment Partners, LLC New York, New York

PHILIP W. SCHILLER

WAYNE A. BUDD

Senior Vice President of Worldwide Marketing Apple Computer, Inc. Cupertino, California

Senior Counsel Goodwin Procter, LLP Boston, Massachusetts CHRISTOPHER A. CALDERÓN, S.J.

St. Peter Faber Jesuit Community Brighton, Massachusetts

38

JOSEPH E. CORCORAN

Chairman Curragh Capital Partners, LLC New York, New York FRANCIS A. DOYLE

President and Chief Executive Officer Connell Limited Partnership Boston, Massachusetts CYNTHIA LEE EGAN

President of Retirement Plan Services (Ret.) T. Rowe Price Baltimore, Maryland EMILIA M. FANJUL

Boston College Parent Palm Beach, Florida JOHN F. FARRELL JR.

Greenwich, Connecticut YEN-TSAI FENG

Roy E. Larsen Librarian (Ret.) Harvard College Lexington, Massachusetts

envisioning the future

MARY J. STEELE GUILFOILE

ROBERT J. MORRISSEY

NICHOLAS S. RASHFORD, S.J.

Chairman MG Advisors, Inc. Norwalk, Connecticut

Senior Partner Morrissey, Hawkins & Lynch Boston, Massachusetts

Professor St. Joseph’s University Philadelphia, Pennsylvania

PAUL F. HARMAN, S.J.

R. MICHAEL MURRAY JR.

THOMAS J. RATTIGAN

Vice President for Mission College of the Holy Cross Worcester, Massachusetts

Director Emeritus McKinsey & Company, Inc. Chicago, Illinois

Longboat Key, Florida

JOHN L. HARRINGTON

ROBERT J. MURRAY

Chairman of the Board Yawkey Foundation Dedham, Massachusetts

Chairman and Chief Executive Officer (Ret.) New England Business Service, Inc. Boston, Massachusetts

MICHAELA MURPHY HOAG

THERESE E. MYERS

Atherton, California

Chief Executive Officer Bouquet Multimedia, LLC Oxnard, California

RICHARD A. JALKUT

Chief Executive Officer TelePacific Communications Los Angeles, California ANNE P. JONES

Consultant Bethesda, Maryland MICHAEL D. JONES

Chief Operating Officer (Ret.) PBS Chevy Chase, Maryland EDMUND F. KELLY

Chairman and Chief Executive Officer (Ret.) Liberty Mutual Group Boston, Massachusetts ROBERT K. KRAFT

Chairman and Chief Executive Officer The Kraft Group Foxborough, Massachusetts JOHN L. LaMATTINA

Senior Partner PureTech Ventures Boston, Massachusetts DOUGLAS W. MARCOUILLER, S.J.

Assistente Regionale Curia Generalizia della Compagnia di Gesù Rome, Italy KATHLEEN M. McGILLYCUDDY

Executive Vice President (Ret.) FleetBoston Financial West Newton, Massachusetts JOHN A. McNEICE JR.

Chairman and Chief Executive Officer (Ret.) The Colonial Group, Inc. Canton, Massachusetts

DAVID P. O’CONNOR

Private Investor and Managing Partner High Rise Capital Partners, LLC Westfield, New Jersey THOMAS P. O’NEILL III

Chief Executive Officer O’Neill and Associates Boston, Massachusetts BRIAN G. PAULSON, S.J.

Provincial of the Chicago-Detroit Province The Society of Jesus Chicago, Illinois SALLY ENGELHARD PINGREE

Director and Vice Chairman Engelhard Hanovia, Inc. Washington, DC PAULA D. POLITO

Client Strategy Officer and Group Managing Director UBS Wealth Management Americas Weehawken, New Jersey R. ROBERT POPEO

THOMAS F. RYAN JR.

Private Investor (Ret.) Boston, Massachusetts RANDALL P. SEIDL

Chief Executive Officer Revenue Acceleration, LLC Wellesley, Massachusetts JOHN J. SHEA, S.J.

Director of Campus Ministry Chaplain for Lincoln Center Fordham University New York, New York JOSEPH E. SIMMONS, S.J.

St. Peter Faber Jesuit Community Brighton, Massachusetts SYLVIA Q. SIMMONS

President (Ret.) American Student Assistance Corp.

Roslindale, Massachusetts ROBERT L. SULLIVAN

International Practice Director (Ret.) Peat, Marwick, Mitchell & Co. Siasconset, Massachusetts RICHARD F. SYRON

Chestnut Hill, Massachusetts THOMAS A. VANDERSLICE

Osterville, Massachusetts JEFFREY P. von ARX, S.J.

President Fairfield University Fairfield, Connecticut

Chairman and President Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC Boston, Massachusetts

VINCENT A. WASIK

JOHN J. POWERS

BENAREE P. WILEY

Managing Director Goldman Sachs & Company New York, New York

President and Chief Executive Officer (Emeritus) The Partnership, Inc. Brookline, Massachusetts

RICHARD F. POWERS III

JEREMY K. ZIPPLE, S.J.

Advisory Director (Ret.) Morgan Stanley Boston, Massachusetts

Executive Editor America Media New York, New York

Co-Founder and Principal MCG Global, LLC Stratford, Connecticut

AMBASSADOR PIERRE-RICHARD PROSPER

Counsel Arent Fox, LLP Los Angeles, California

39

boston college | annual report 2016

40

produced by the office of marketing communications 9/16 | editor: ben birnbaum | managing editor: maureen dezell | art director: diana parziale | contributing editors: Matthew Bellico, office of university Advancement, Diana Griffith, office of university Advancement, Margaret Ryan, Office of Institutional Research, Planning & Assessment, Ginger Saariaho, office of university Advancement | photography: gary wayne gilbert, lee pellegrini, caitlin cunningham, paul dagnello | printing: quad graphics, woburn, massachusetts

chestnut hill, massachusetts 02467