PRESIDENT’S REPORT 2018
2019
TABLE OF CONTENTS PRESIDENT’S LETTER..................................................................................3
GOAL 1: A DISTINCTIVE LEARNING HERITAGE..........................................4
GOAL 2: A DISTINCTIVE LEARNING ENVIRONMENT.. .............................. 10
GOAL 3: A DISTINCTIVE LEARNING DYNAMIC.........................................20
STRATEGIC PLAN INDICATORS AT A GLANCE..........................................26
FINANCIAL REPORT..................................................................................28
PRE SIDEN T ’ S REP O R T | 1
2 | 2018–2019
TO THE MANHATTAN COLLEGE COMMUNITY —
T
hanks to the hard work and
lives of its students, whatever their
dedication of our faculty, staff
background before becoming Jaspers!
and administrators, Manhattan
continues to be a very strong institution
As we look to the future, we are
that is constantly seeking better ways
constantly exploring ways to assure that
to fulfill its mission. The signs of our
we can continue to support students
strength are many, even as we negotiate
from across the economic spectrum.
the challenging environment of 21st-
A major effort is our ambitious capital
century higher education. Upgrades to
campaign, Invest in the Vision: The
our engineering and science facilities
Campaign for Manhattan. With a
are proceeding as planned, with the
goal of $165 million, it is the largest
Patricia and Cornelius J. Higgins ’62
fundraising effort in the history of the
Engineering and Science Center set
College. Its success will allow us to
to open in time for fall 2020 classes.
transform our campus, especially our
This year’s incoming class is the largest
engineering and science facilities; build
and strongest we’ve seen since 2015. In
our capacity to provide scholarship
addition, alumni and friends’ support
support to students; and continue to
of the College is at an all-time high,
attract and retain excellent faculty.
with a record-breaking $16.5 million
professional preparation. In short,
Already off to a strong start, the success
in contributions received in the last
we offer a Distinctive Heritage,
of this campaign is vital to assuring the
fiscal year.
a Distinctive Learning Environment,
long-term stability of the institution.
and a Distinctive Learning Dynamic. In the pages that follow, we are pleased
I hope you enjoy reading about some
to provide just a few highlights of the
Our success in pursuing these goals is
of the excellent work that our faculty,
kind of accomplishments that drive
a large part of the reason that, while we
students, staff and administration are
Manhattan’s ever-stronger reputation
continue to be ranked highly according
doing, day in and day out. This good
for excellence. With them, we offer a
to traditional metrics of academic
work would not be possible without the
glimpse into the daily life of the College
quality (rising this year two places,
continuing commitment of Manhattan’s
during the past year, with special
from 15th to 13th among our peer
alumni and friends, our dedicated
focus on aspects of our work that
group in U.S. News & World Report),
partners in the work of Lasallian
demonstrate our pursuit of the major
we also are increasingly emerging
Catholic education.
goals of our strategic plan, Renewing
as a national leader in rankings that
the Promise: drawing upon our
attempt to measure the actual outcomes
heritage as a Lasallian Catholic college;
of our alumni. In Money’s 2019 Best
providing a distinctive educational
Colleges for Your Money, Manhattan
environment as a majority-residential
emerged as number one in the country
campus in New York City; and offering
for providing a “transformational”
a distinctive approach to education,
experience to its students. Clearly,
combining liberal arts with strong
Manhattan continues to change the
BRENNAN O'DONNELL PRESIDENT
PRE SIDEN T ’ S REP O R T | 3
A DISTINCTIVE LEARNING HERITAGE
“ We will advance learning by ensuring the vitality and visibility of our distinctive core identity as Catholic and Lasallian throughout the College.”
4 | 2018–2019
I
n pursuit of the first core goal,
educators, and also provides partici-
Manhattan College strives to
pants with opportunities to explore the
ensure that its Lasallian Catholic
significance of their personal vocation
heritage is vital and visible throughout
as Lasallian educators. Courses are con-
its academic, cocurricular and extra-
ducted for three consecutive summers in
curricular programs.
two-week durations.
•F or the third consecutive year, Manhattan College hosted the annual Buttimer Institute of Lasallian Studies, for which more than 150 educators from five continents and 31 Lasallian secondary schools gathered on campus in late June. The Buttimer Institute is an intensive three-year professional development and personal formation program that explores the life and work of Saint John Baptist de La Salle, the patron saint of
• The Holocaust, Genocide and Interfaith Education Center (HGI) hosted a number of events throughout the year, including a screening of the documentary All Jews Out! and a talk by its director, Emanuel Rund. Author Sabeeha Rehman delivered a talk on her memoir, Threading My Prayer Rug, a reflection on what it is to be a Muslim in America today. Hasia Diner, the Paul and Sylvia Steinberg Professor of American Jewish History
and professor of Hebrew at New York
organizations such as the Center for
University, discussed Americans and
Migration Studies in New York and
the Holocaust. Kevin Spicer, C.S.C.,
the Jesuit Refugee Service. Featured
the James J. Kenneally Distinguished
speakers included Stephen Rasche of
Professor of History at Stonehill College,
the Catholic University of Erbil in Iraq;
delivered the HGI’s annual Schweitzer
Joan Rosenhauer, executive director
Lecture, titled Christian and Racial
of Jesuit Refugee Service USA; Ashish
Antisemitism: The Intersection Under
Gadnis, co-founder and CEO of BanQu;
National Socialism. Spicer is chair of the
and Archbishop Bernardito Auza,
Council of Centers on Jewish-Christian
permanent representative of the Holy
Relations and the co-editor of the
See to the United Nations.
Council’s academic journal, Studies in Christian-Jewish Relations.
• In 2018-2019, the Community-Engaged
(Opposite page) Author and interfaith speaker Sabeeha Rehman and her husband Kahlid Rehman met with students at a reading and book-signing event sponsored by the Holocaust, Genocide and Interfaith Education Center in February. (This page) For two weeks, Lasallian educators from around the globe converged on campus this summer for the Buttimer Institute of Lasallian Studies.
Participants also met one-on-one with CEL administrators throughout the course of the semester. Faculty in the cohort demonstrated their new grasp of CEL methodology by designing or redesigning a course that
Learning (CEL) administrators
reflected service-learning theory and
held another Faculty Development
pedagogy; principles of ethical and
and Migrant Education Network, the
Seminar. Five faculty members were
effective community engagement; and
College hosted a three-day conference
recruited to participate in the spring
intercultural effectiveness and humility.
to highlight global initiatives in refugee
of 2019, as the third faculty cohort.
As a result of the seminar, five new CEL
and migrant education. Participants
The semester-long seminar consisted
courses were developed, to be run in
included faculty and researchers from
of a series of workshops designed
the 2019-2020 academic year. There
higher education institutions from
to help faculty practitioners of CEL
was also the creation of the new Jasper
nearly a dozen countries and from
grow in their professional practice.
Community Engagement blog.
• In partnership with the Refugees
PRE SIDEN T ’ S REP O R T | 5
• The fourth annual Community
Cortlandt Park Alliance. The LOCo
training at St. John’s University
Partner Summit networking event for
leadership team met on a weekly basis
in the fall of 2018. Twelve campus
faculty and local community partner
to discuss marketing, recruitment
ambassadors planned and executed the
organizations was held in November
initiatives, and plan for community
Crossing Borders Migration Simulation
of 2018. There were 52 attendees (21
engagement reflections, which included
in February with more than 80
representatives from community
a film screening of a documentary of
participants. More than 60 students also
partner organizations, and 31
the Bronx. A Certified B Corporation,
signed letters to their local members of
Manhattan faculty and administrators).
Greyston Bakery, was invited to speak
Congress, which was followed up by a
on open hiring practices and restorative
meeting with Congressman Eliot Engel’s
justice in April 2019.
chief of staff and another meeting with
• The Lasallian Outreach Collaborative (LOCo), a weekly community service program that partners student
• Th is past year, Campus Ministry and
the congressman on campus with 100 people in attendance. The agenda
volunteers with local community-
Social Action (CMSA) expanded the
based organizations in the Bronx and
Social Justice Leadership Retreat by
greater New York City area, continued
broadening the focus on anti-racism.
to expand service site opportunities
The fourth iteration of this training
leaders and 10 advisers participated
for Manhattan College students. The
retreat promoted student leadership and
in the Lasallian Outreach Volunteer
diverse array of options included
understanding around power, privilege,
Experience (LOVE) social justice
Concourse House Shelter for Women
oppression and racism. Sixteen
immersion program during the winter,
and Children, Ethical Culture Society
student leaders attended the three-day
spring and summer breaks. Students
Men’s Emergency Shelter, Fordham-
retreat and also were trained in group
participated in eight unique experiences
Bedford Community Services, God’s
facilitation on campus, as a follow-up to
this year to Duran, Ecuador; New
Love We Deliver, Kingsbridge Heights
the retreat experience.
Orleans, Louisiana; Flint, Michigan;
Community Center, Methodist Home for Nursing and Rehabilitation, Part of the Solution, University Neighborhood Housing Program, and the Van
6 | 2018–2019
•F or the Catholic Relief Services Global Campus Project, one student participated in the campus ambassador
centered on migration issues. • In 2019, 49 students, nine student
El Paso, Texas; Browning, Montana; El Cercado, Dominican Republic; Bethlehem, West Bank; and Chicago,
MANHATTAN COLLEGE IS NO. 1 ON MONEY’S ANNUAL RANKING OF THE MOST TRANSFORMATIVE COLLEGES IN AMERICA
FOR THE FOURTH CONSECUTIVE YEAR, THE COLLEGE HAS BEEN NAMED ONE OF FORBES 300 BEST VALUE COLLEGES
100 STUDENTS VOLUNTEERED AT VARIOUS SITES DURING THE COLLEGE’S ANNUAL MISSION MONTH DAY OF SERVICE
THE LASALLIANS IN FAITH TOGETHER PROGRAM (LIFT)
Illinois. In preparation for each experience, student leaders held weekly meetings to discuss issues of identity, power, privilege, oppression and social justice with their team members. • Th e LOVE experience in Flint, Michigan,
PROVIDED SEVEN RETREAT
ran for the first time in January
OPPORTUNITIES WITH 241
2019 with the Firestone Center. Five
TOTAL STUDENT SIGN-UPS
students and one adviser participated in the experience in January 2019 and
MANHATTAN COLLEGE HOSTED THE ANNUAL BUTTIMER INSTITUTE OF
learned about the water crisis and its intersections with race and poverty. Students engaged with local community
LASALLIAN STUDIES, WHICH
partner organizations in the city each
DREW IN MORE THAN
day and met with local leaders over a
150 EDUCATORS FROM
meal in the evenings.
FIVE CONTINENTS AND 31 LASALLIAN SECONDARY SCHOOLS, FOR THE THIRD-STRAIGHT YEAR
• The Lasallians in Faith Together (LIFT) program had seven retreat opportunities with 241 total sign-ups in 2018-2019. • Another Kairos Retreat was added to
(Opposite page) A group of Manhattan College students traveled to Flint, Michigan, for a Lasallian Outreach Volunteer Experience (LOVE). They prepared and distributed meals at a food pantry and soup kitchen, among other activities. (This page) Natalia Imperatori-Lee, professor of religious studies, led the reflection at the Agape Latte event in February.
and spring semesters, which increased the overall student reach. Forty students attended in the fall, with 46 joining in the spring. The Kairos Retreat is rooted in spirituality and welcomes students of all religious or spiritual backgrounds who desire to grow in their relationship with God and faith. • Campus Ministry hosted four Agape Latte events during the course of the last academic year, with nearly 50 attendees at each event. Topics ranged from Fr. Thomas Franks, OFM, Cap., discussing A Fool for God, and Cunningham O’Leary talking about The Best Mistakes
the yearly lineup, giving students the
I’ve Ever Made, to Natalia Imperatori-
opportunity to attend in both the fall
Lee on My Pants are Too Tight and PRE SIDEN T ’ S REP O R T | 7
At an opening ceremony in October, students enjoyed the welcoming atmosphere at the new Lasallian Women and Gender Resource Center (LWGRC) in the Kelly Commons. In response to student advocacy, the center is designed as a site of collaboration and solidarity between students, faculty and the Student Life division, as well as the College’s broader campus, Lasallian and Bronx communities. The LWGRC co-sponsored several Women’s Week events in April, including the third annual Lasallian Women’s Conference, which was focused on the theme of activism and advocacy.
Other Uncomfortable Fits, and Carolyn
individuals in the LGBTQ community.
Intergroup Dialogue Pedagogy of
Predmore on Hey God, Gotta Minute?
The center will work closely with a
Possibilities Conference in June at
Agape Latte is a monthly speaker series
variety of offices and resources across
the University of Massachusetts at
program that provides a safe, social
campus while playing a vital role in the
Amherst. Intergroup Dialogue (IGD) is a
environment for students who want to
Lasallian mission of the College.
facilitated and sustained critical-dialogic
learn more about how faith applies to real-life questions. • A new Peer Ministry program was
• Th e LWGRC co-sponsored several events as part of Women’s Week, which celebrates and empowers women in the
started in 2018-2019, in which students
College community. A highlight was
can gather for reflection on faith and
the third annual Lasallian Women’s
issues surrounding college life.
Conference, themed Student Activism
• Signaling a commitment to combine resources, support and advocacy for students having experiences related to gender and sexuality, the College opened the Lasallian Women and Gender Resource Center (LWGRC) in
and Advocacy. The daylong event featured speakers from local political and advocacy groups, a panel discussion, a student research poster session, and a workshop on How to Be an Activist. • Th ree CMSA staff members and one
practice that encourages listening and voicing across difference, fosters shared understanding and learning, and cultivates social justice commitments. Students and staff who attended the conference were able to explore how the practice of IGD might support building a more inclusive culture on campus. Participants were able to engage in experiential learning activities throughout the weekend, which focused on different and intersecting social identities, intergroup conflicts, and
Kelly Commons in October 2018. The
staff member from the Lasallian
issues of power, privilege and oppression
center aims to connect students, faculty,
Women and Gender Resource Center
while building connections across
staff and administrators, and support
accompanied 13 students to the 2019
social divides.
8 | 2018–2019
• CMSA also held a one-day Intergroup
serving others. In its fourth year, the
students joined City Harvest, Part of
Dialogue Retreat in March 2019, in
College partnered with the Bartow
the Solution, Friends of Van Cortlandt
collaboration with the Multicultural
Pell Conservancy in Pelham Bay Park,
Park, University Neighborhood Housing
Center and the Lasallian Women and
Jerome Park Reservoir Friends and
Program, Broadway Family Plaza,
Gender Resource Center.
Neighbors, Food Bank NYC at its
New York City Parks Stewardship and
Hunger Claremont location, Fordham-
Fordham-Bedford Community Services
Bedford Community Services at
at Serviam Gardens to make a difference
Serviam Gardens, Friends of Van
in the local community.
• Observing a theme of remaining united, Manhattan College celebrated Mission Month throughout April, with more than 125 events showcasing the College’s core identity, inclusive community, and Lasallian values: excellence in teaching, respect for human dignity, reflection on faith and its relation to reason, an emphasis on ethical conduct and commitment to social justice. • One hundred students volunteered in the College’s fourth Mission Month Day of Service, an annual event that calls on the Jasper community to follow in the legacy of our founder, Saint John Baptist de La Salle, by leading and
Cortlandt Park, Stewards of Brust Park, Student Veterans Organization, Henry Hudson Adopt-a-Highway, and the New York City It’s My Park program at Henry Hudson and Harlem Arts Park. The Mission Month Day of Service Planning Committee, comprised of eight student leaders interested in community engagement, planned the day’s activities. • Th e Service on Saturday program, which
• S ix Jaspers have continued the Lasallian mission of service to others after receiving their bachelor’s degrees on May 17. Three students — Kaiyun Chen ’19, Conlan McDonald ’19 and Samantha Wilson ’19 — joined Lasallian Volunteers this summer. While Julia Canigiani ’19 signed up to be a part of the Christian Appalachian Project. Ivan Montoya ’19 is serving with Jesuit
offers one-time service opportunities
Volunteer Corps Northwest, and Reilly
open to the entire student body, offered
Rebhahn ’19 joined Loretto Volunteers.
13 events this past academic year. Eighty
•R abea Ali ’20 has been named a Newman Civic Fellow, one of 262 students in the nation to receive the award from Campus Compact, a nonprofit organization working to advance the public purposes of higher education. She is a management and marketing double major, with a minor in religious studies. Ali is president of Manhattan College’s Muslim Student Association, for which she collaborates with other groups on campus to host interfaith events.
The College’s annual Mission Month held particular significance in 2019, as Lasallians around the world commemorated the life and legacy of Saint John Baptist de La Salle 300 years after his passing into eternal life. Held in April, Mission Month featured more than 125 hallmark events centered around the Lasallian core principles, including a day of service.
PRE SIDEN T ’ S REP O R T | 9
A DISTINCTIVE LEARNING ENVIRONMENT 10 | 2018–2019
“ We will advance learning by fostering student engagement and integrated learning through our distinctive environment on campus, in New York City, and with our international networks.”
C
ore goal two challenges
College’s spending translated to $121
Manhattan College to capitalize
million in wages, was responsible for
on its position as a residential
2,330 jobs, and contributed $8.7 million
college in New York City.
•A report from the Center for Governmental Research, on behalf of the Commission on Independent Colleges and Universities, found that Manhattan College provided a $324.7 million economic impact to
in New York State income and sales tax revenue. Manhattan is one of 48 independent private, nonprofit colleges and universities in the five boroughs that contribute as much as $58 billion to New York City’s economy. •T o support the College’s renovation
New York City’s economy, through its
of Leo Hall, Manhattan received a
institutional operations and jobs related
$3.5 million grant awarded by the
to supporting student services and
Higher Education Capital Matching
construction. The study showed that the
Grant program board, which provided
matching grants to 39 private, notfor-profit colleges and universities for projects that create construction jobs and drive investment in communities across the state. Improvements to Leo already are underway, and when complete, the renovation will create teaching and research laboratory space for chemical, civil, electrical and mechanical engineering. • New American Colleges and Universities awarded a Collaboration, Growth, and Innovation grant to Amira Annabi, assistant professor of finance, and Aileen Lowry Farrelly ’95, assistant dean and accounting faculty at Manhattan College’s O’Malley School of Business. Together, they aim to create a Center for Financial Literacy on campus that benefits Manhattan students and the wider Bronx community. • Accounting students in the College’s O’Malley School of Business lent their tax expertise to the Northwest Bronx’s University Neighborhood Housing Program (UNHP) for the 10th straight year. Through UNHP’s program, the Manhattan students team up with other college students from across the Bronx to work with neighbors on their annual tax returns. Since 2010, student volunteers have filed taxes for more than 10,000 families at UNHP through the IRS Volunteer Income Tax Assistance program, known as VITA. Last year, more than 40 Manhattan College students worked with the program’s volunteers to prepare more than 1,400 returns. The students helped Bronx
(This page, top) For the 10th straight year, students from the O’Malley School of Business helped Bronx residents file their taxes for free through the IRS Volunteer Income Tax Assistance program. (Bottom) Manhattan received a $3.5-million grant from the Higher Education Capital Matching Grant program to support renovations in Leo Hall, part of an overhaul of the College’s south campus that includes construction of the new Patricia and Cornelius J. Higgins ’62 Engineering and Science Center.
PRE SIDEN T ’ S REP O R T | 11
PAYSCALE PLACED MANHATTAN COLLEGE NO. 41 AMONG MORE THAN 1,500 COLLEGES AND UNIVERSITIES IN ITS 2019 COLLEGE SALARY REPORT
THE TYPICAL MEDIAN EARLY CAREER SALARY FOR A MANHATTAN GRADUATE IS $64,000, WHILE THE TYPICAL Students in the Arches Learning and Living program live together and take an intro-level class together in the fall and spring semesters of their freshman year. In December, Arches students gathered for a publication celebration in which they shared short books that they wrote and selfpublished for English 110 classes taught by Emmett Ryan, visiting assistant professor of English.
residents receive $1.9 million in state
•R esidence Life renewed its focus on
and federal refunds. The preparations
providing exciting events in the city and
are done free of charge, helping filers
increased its programs to 42, up from
avoid predatory tax services.
15 in 2017-18. In total, 303 students
• In the 2018-19 academic year, 146 students joined the Arches Learning and Living Community. In August, the
MID-CAREER SALARY IS $125,700, ACCORDING TO PAYSCALE
90 PERCENT OF 2018 GRADUATES REPORTED THAT THEY ARE EMPLOYED OR IN GRADUATE SCHOOL
explored the five boroughs with Residence Life staff, a marked increase from 30 in 2017-18.
MANHATTAN COLLEGE PROVIDED A $324.7 MILLION
Arches opening week events provided
• According to a survey given to 2018
ECONOMIC IMPACT TO NEW
new students with activities to engage
graduates from the Office of Career
YORK CITY’S ECONOMY,
with faculty and get to know their fellow
Pathways, data for career outcomes nine
ACCORDING TO A STUDY
Arches classmates, and included an
months after graduation for May 2012-
FROM THE COMMISSION ON
outside presenter who discussed the
2018 graduates shows modest increases
topic of adjusting to college for
in positive career outcomes over time
first-year students.
and decreases in those still seeking or
• To create a vibrant and engaging community on their floors, resident assistants completed 463 programs this past academic year. These programs include social gatherings, educational events, service activities, trips within
not pursuing employment. There were no significant differences in positive career outcomes in the past four years, but there have been steady increases since 2012.
AND UNIVERSITIES
IN THE 2018 SPRING SEMESTER, 215 STUDENTATHLETES GARNERED INCLUSION ON THE MAAC ACADEMIC HONOR ROLL, THE SECOND-HIGHEST TALLY OF
• 9 0% of 2018 graduates reported that
the city, and events sponsored by other
they are employed or in graduate
offices on campus.
school, and 86% of those reporting that
12 | 2018–2019
INDEPENDENT COLLEGES
ANY MAAC INSTITUTION
Almost three-quarters of Manhattan students complete at least one internship at companies ranging from American Express to L’Oréal. Business analytics major Fiona Ruettimann ’21 landed an internship at accounting firm Deloitte.
they accepted employment indicated
study, and 87% indicated it is in their
they are employed full-time (including
desired industry.
those enrolled in graduate school and working). • For those that reported being employed
• 1 7% of graduates from the class of 2018 are enrolled in graduate school, and 10% are in graduate school and
• 10% of graduates were still seeking or not pursuing employment or graduate school, slightly lower than 2017 graduates. • 46% of the class of 2018 reported
full time, 87% reported that their
working at the same time. Also, 57% of
participation in volunteer, community
employment is related to their field of
those going to graduate school stayed at
service, advocacy and/or civic
Manhattan College. PRE SIDEN T ’ S REP O R T | 13
engagement activities during their time at Manhattan College. Those that participated in service were less likely to still be seeking (6% vs. 13%) and more likely to be in graduate school or in graduate school and employed. About 35% of the 2018 graduates that participated in service indicated that it affected their career plans. • The median base salary of the recent graduates that accepted employment is $50,000-$60,000 for students working full time, and the average salary reported from individuals is $54,305. • 73% of students reported having at least one internship while at the College, and 84% had at least one experience related to their field of study. • Engineering topped the list of industries with 37% of Manhattan students accepting employment in this area. Another 21% entered the business, consulting, finance and accounting fields, while 11% are in media, communications, marketing, advertising and public relations. Approximately 9% of 2018 graduates are working in education. • In addition, 3% of graduates accepted public service jobs in government, advocacy roles, or fellowships in service, including AmeriCorps, Peace (This page) In October, the office of Career Development brought students and prospective employers together for its fall career fair, one of four fairs and expos hosted throughout the year. (Opposite page) In its second year, the Women Inspiring Successful Enterprise (WISE) summer internship program placed 20 students at companies and organizations related to their career goals. Participants received on-campus housing, attended weekly enrichment sessions, and had professional portraits taken for their LinkedIn profiles.
14 | 2018–2019
Corps, Lasallian Volunteers and Jesuit Volunteer Corps. • The top employers list includes Con Edison, JPMorgan Chase, Merrill Lynch, New York City Department
of Education, Turner Construction,
up from 21% for the class of 2017, and
to the offerings included American
and the Walt Disney-ABC Group,
16% for the class of 2016. One of the
Express, the Fresh Air Fund and the
among many others. Each of these
Center for Career Development’s core
Hudson Yards project, as well as two
top companies hired two or more
programs, it matches students with
literary agencies. This program hopes
Manhattan graduates, often through
alumni for a year of mentorship, and
to close the wage gap, empower female
Office of Career Pathways recruiting
94% of those participants had a positive
students, and prepare them to hold
forums, including on-campus recruiting,
career outcome.
professional leadership positions. With
career fairs and information sessions. • When asked how graduates obtained
• After a successful launch of WISE (Women Inspiring Successful
the opening of the Lasallian Women and Gender Resource Center, there also have been new opportunities for cross-
employment, 41% indicated it was
Enterprise) in 2018, the program had
through a Manhattan College resource,
almost twice as many participants this
an increase from 28% for the 2017 class,
past summer, increasing from 11 to
34% for 2016 graduates, and 40% for
20. This highly competitive internship
Opportunity Corps (TOC) recently
2015 graduates.
program matches participants with
received a grant from the My Brother’s
an eight-week paid internship that
Keeper Alliance for graduate special
aligns with their career interests and
education. The TOC represents
• 23% of the 2018 graduating class participated in the Mentor Program,
collaboration on campus. • Manhattan College’s Teacher
goals. Some new workplaces added PRE SIDEN T ’ S REP O R T | 15
a continued partnership between
annual New York State Industries
history of slavery in the borough and
Manhattan College and high-need focus
for the Disabled (NYSID) CREATE
its legacy as it relates to present day.
districts in New York City and Yonkers.
Symposium, which connects student
Slavery in the Bronx (HIST 100) is a
The project will provide a master’s
engineers from colleges and universities
community-engaged learning course led
in education program that offers a
across New York State with NYSID
by Adam Arenson, associate professor
comprehensive intensive program
member organizations that employ
of history and director of the urban
leading to full qualifications and
individuals with disabilities. Guided
studies program. The class is working
New York State certifications in
by Zahra Shahbazi, assistant professor
with community partners, including the
childhood students with disabilities
of mechanical engineering, the two
Hunts Point Slave Burial Ground Project
(SWD), grades 1-6; adolescence SWD
Manhattan College teams worked with
and the Kingsbridge Historical Society,
generalist 7-12 extensions: English or
Lifespire, a nonprofit with locations in
to explore how the history of slavery
math or social studies with an option for
all five boroughs of New York City, as
continues to reverberate in the Bronx,
bilingual certification.
well as Long Island, Westchester and
and to understand what it means for the
Ulster Counties.
local communities in Kingsbridge-Van
• Two teams of Manhattan College students traveled to Albany to present
• Th irteen Manhattan College students
their ideas for improving workplace
journeyed across the Bronx during the
efficiency for disabled individuals.
spring semester to learn about the
Cortlandt and Hunts Point.
The presentation took place at the
Through the community-engaged learning course Slavery in the Bronx, students had the opportunity to conduct research about slavery and emancipation, race relations and public planning, public history and advocacy in the context of the College's home borough. Led by associate professor of history Adam Arenson, the class visited the Kingsbridge Historical Society and the Hunts Point Slave Burial Ground in Drake Park, which was covered by ABC7 news. 16 | 2018–2019
At the Spring Honors Convocation in May, Emma Kaishian ’19 received the Joseph J. Gunn ’30 Alumni Medal. The Alumni Society bestows the medal on a graduating senior who has made the most significant overall contribution to Manhattan during his or her undergraduate years with an emphasis on excellence, leadership and service. Captain of the women's lacrosse team, Kaishian started all four years for the team.
• Manhattan College’s student-athletes
maintaining at least a 3.30 cumulative
data that more accurately reflects the
continued their record of achievements
team GPA. The Jaspers finished 2018
success of college student-athletes than
in sports, academics and service.
with a cumulative GPA of 3.45. The
the federal graduation rate.
• During the 2018 spring semester, 215 student-athletes garnered inclusion on the MAAC Academic Honor Roll, the
team has earned the annual AVCA honor seven straight times since 2012. • The men’s and women’s track and
• Eleven Jaspers were selected to the 2019 MAAC Men’s and Women’s Swimming and Diving All-Academic Teams. To be
second-highest tally of any MAAC
field teams have earned All-Academic
eligible for the MAAC All-Academic
institution. To be eligible, a student-
Team honors from the U.S. Track and
team, a student-athlete must complete
athlete must hold a cumulative GPA
Field and Cross Country Coaches
two semesters at their institution and
of 3.20 or higher on a 4.0 scale. The
Association for last year’s indoor and
hold a cumulative GPA of 3.2.
cumulative GPA for the semester was
outdoor seasons. This marks the fifth
3.27, with 187 student-athletes meriting
consecutive year in which each team
Dean’s List status and 25 student-athletes
was honored. To be eligible, a team’s
earning perfect 4.0 GPAs.
cumulative GPA must be 3.0 or higher.
• For the seventh consecutive year,
• Th e NCAA’s latest Division I graduation
• Women’s lacrosse player Emma Kaishian ’19 received the Joseph J. Gunn ’30 Alumni Medal, given to a graduating senior who embodies Manhattan’s Lasallian mission and has
Manhattan volleyball has received
rate data, including the division’s
made a significant contribution to the
the Team Academic Award from
Graduation Success Rate (GSR), held
College. She was the captain of the team
the American Volleyball Coaches
good news for Manhattan. The College
during the 2019 season, which was one
Association (AVCA). The award honors
produced a 97% GSR for the cohort,
of the best in program history. Kaishian
collegiate and high school volleyball
with 10 programs attaining a perfect
also was named to the 2019 Google
teams that displayed excellence in the
100% GSR. The Division I Board of
Cloud Academic All-District Women’s
classroom during the school year by
Directors created the GSR to provide
At-Large Team. PRE SIDEN T ’ S REP O R T | 17
Performance Yearly Showcase (JASPYS) celebrated Manhattan’s 19 Division I athletic programs. Niasia Boone ’20 (women’s track and field) was named Female Athlete of the Year for the 2018-19 season and men’s soccer player Adrien Awana ’20 was named Male Athlete of the Year. Awards were also distributed in categories including Unsung Heroes, Comeback Player of the Year, and Iron Jaspers. Women’s basketball won the Jasper Cup, which recognizes the team that most supports other athletic programs, gives back to the community and excels in the classroom. • Baseball’s Nick Cimillo ’22 was Women’s basketball captain Courtney Warley ’21 was named MAAC Defensive Player of the Year for the 2018-19 season. She is the second Jasper in program history to earn the honor. Warley started in all 31 games for Manhattan, playing a team-high of 32.2 minutes per game.
• The NCAA honored the golf and
basketball and volleyball teams all
softball teams for their impressive
landed in the top 10 for their respective
performances in the classroom with
sports, with men’s lacrosse taking
Public Recognition Awards, which are
home first place out of all the DI men’s
given to those teams that rank among
lacrosse programs.
the top 10% in their sports. This is the sixth straight Public Recognition Award for the golf team, while the softball team was honored for the fifth consecutive year. • Six Manhattan College athletic teams
• Th e Manhattan Student-Athlete Advisory Committee (SAAC) raised more than $4,100 at its fourth annual Brave a Shave for Kids with Cancer event. Coaches and staff members raised money by either volunteering as
earned national recognition for their
a pie-throwing target or by shaving
community service during the 2018-19
their head. Proceeds were donated to
academic year, as tracked by Helper
the St. Baldrick’s Foundation to help
Helper, an official NCAA volunteer
fund research in the battle against
management platform. Jaspers on the
pediatric cancer.
men’s lacrosse, men’s and women’s swimming, women’s lacrosse, women’s 18 | 2018–2019
• Organized by SAAC, the third annual Jasper Academic and Sports
selected unanimously as the MAAC Rookie of the Year. Cimillo registered a team-best 26 multi-hit performances and a 15-game hitting streak. It is the fifth time in MAAC history that a Jasper has claimed Rookie of the Year. • Amir Khaghani ’19 was named to the Google Cloud Academic All-American Division I Cross Country/Track and Field Third Team, selected by the College Sports Information Directors of America. The award recognizes the nation’s top student-athletes for their combined performances on the field and in the classroom. Khaghani was the only MAAC student-athlete to receive All-American honors for cross country and track.
• Women’s basketball players Candela
• Cross Country’s Hali Ielfield ’22 earned
NCAA Woman of the Year Award.
Abejon ’19 and Gabby Cajou ’20, and
the MAAC Most Outstanding Rookie
The nominees competed in 20 different
men’s track and field athletes Ryan
title at the 2018 MAAC Cross Country
women’s sports across all three NCAA
Addlesberger ’19 and Chris Woodhouse
Championships.
divisions, including 251 from Division
’19 participated in College Dream Day at P.S. 153 in Harlem this spring. At an assembly, they spoke about what it takes to be a college athlete, and what drives
• Women’s track and field standout Madison Arndt ’18 was among the
I, 131 from Division II, and 199 from Division III.
record 581 nominees for the 2018
them to do their best in both sports and their studies. • The international philanthropic organization Sport Changes Life named women’s basketball player Taylor Williams ’18 as a 2018-19 Victory Scholar. The Victory Scholar program brings hope to young people in local Irish communities. • Courtney Warley ’21 (women’s basketball) was named 2019 MAAC Defensive Player of the Year. She is the second student-athlete in school history to take home the MAAC’s highest defensive honor. Warley led the MAAC in a number of categories, including a league-high 9.1 rebounds per game. • Golfer Connor O’Rourke ’18 was named a Srixon/Cleveland Golf AllAmerica Scholar by the Golf Coaches Association of America. • Infielder Richie Barrella ’19 was named a Perfect Game Collegiate Baseball League All-Star this summer. Barrella was selected by the coaches of his collegiate summer team, the Amsterdam Mohawks. During his junior campaign at Manhattan, Barrella earned Second Team All-MAAC honors after hitting a team-leading .309 with a teambest 16 multi-hit games to go along with a 17-game hitting streak.
(Top) The impressive stats of Richie Barrella ’19 earned him a spot on the Perfect Game Baseball League All-Star Team. Barrella had a 17-game hitting streak and started all 51 games he played in, playing primarily at first base and in the outfield. (Bottom) For the 2018 cross country season, Amir Khaghani ’19 was Manhattan's top finisher at the Metropolitan Cross Country Championships, earning fifth place overall for the five-mile course. He also earned All-MAAC honors as the Jaspers' top finisher at the 8K MAAC Cross Country Championships. PRE SIDEN T ’ S REP O R T | 19
A DISTINCTIVE LEARNING DYNAMIC
“ We will advance learning through the distinctive dynamic of our integration of liberal arts and professional disciplines throughout the College.”
G
oal three underscores the value
those students in Manhattan College’s
of the College’s combination of
Communication department. Students
a large university’s curriculum
will produce live broadcasts for
with the person-centered learning of a
NCAA Division I athletics events, and
liberal arts college, which challenges
announce and produce pre-packaged
students to become educated both in
segments to air during those contests.
depth and in breadth.
Sports Media Production is a 300-level course that is currently open to all
• For the fifth consecutive year, 75 Manhattan College students spent the
course is to train a group of students
last week in September presenting
to serve as the production crew for the
the work they conducted during the
men’s and women’s basketball games at
summer in a variety of fields of study.
the start of the 2019-20 season.
This research program is managed through the Center for Graduate School and Fellowship Advisement. Students are chosen based on an evaluation of their proposed research or creative project, their academic and cocurricular achievements, and promise for future contributions to knowledge and research in their disciplines. The Center for Graduate School and Fellowship Advisement provides enhanced programs, advising and support so that students develop intellectual, interpersonal and research skills to be competitive applicants to graduate school, professional school and fellowships. • Students in the Manhattan College sports media production program have a new classroom. A new ESPN mobile production unit arrived on campus in March and serves as a classroom for
20 | 2018–2019
communication majors. The goal of the
• Members of New York City’s public sector recently came together in the Kelly Commons to inform students about the impact that working in the public sector can have on the lives of New Yorkers. Moderated by Robert Walsh, the College’s senior adviser for strategic partnerships, the event featured Gregg Bishop, who leads the New York City Department of Small Business Services, as well as representatives from the Neighborhood 360° Fellows Program, the NYC Urban Fellows Program and the Coro Fellows Program in Public Affairs. • The Center for the Study of the Future of Education (CSFE) hosted Sister Tesa Fitzgerald, CSJ, founder of Hour Children, who gave a talk on her ideas to end intergenerational incarceration. Hour Children is a nonprofit agency
Sister Tesa Fitzgerald, CSJ, visited campus to discuss her work with the nonprofit Hour Children, named for the critical hours that govern the relationship between an incarcerated mother and her child: the hour of incarceration, visitation hours during the prison term, and the hour of the woman’s release and reunification with her family.
that provides comprehensive services to
• In celebration of Earth Week, the
program, discussed the history of the
incarcerated and formerly incarcerated
Center for Urban Resilience and
Catholic Church sexual abuse scandal
women and their families. Sr. Tesa has
Environmental Sustainability
and what developments to expect going
been named a CNN Hero and a White
(CURES) provided a week of activities,
forward. Heidi Furey, assistant professor
House Champion of Change. In the
fitness events and info sessions
of philosophy and director of the
spring, the CSFE welcomed educators
related to the theme #Jasperfit and
Center for Ethics, moderated. The Peace
at two separate events. Matthew
#LetsMoveManhattan.
and Justice Studies program, office of
Porricelli, an upper-elementary school teacher who designs his classroom with flexible seating and student-led lessons, delivered a presentation titled, True Stories Shrink the Globe. Lorraine Dowler ’80, an associate professor of geography and women’s studies at Penn State University, spoke about the power of sports and human rights in higher education.
• As part of Peace and Justice Week in February, the Center for Ethics co-sponsored a panel discussion titled Sexual Abuse: A Project for Justice in the
Mission, Catholic Studies program, and the department of Religious Studies also co-sponsored the event. • Students from 17 colleges and
Church and Society. Manhattan chaplain
universities from the United States,
Fr. Thomas Franks, OFM, Cap., Brother
Canada and Romania arrived on
Jack Curran, FSC, vice president of
campus in May for the fifth annual
mission, and Natalia Imperatori-Lee,
Business Analytics Competition. Their
associate professor of religious studies
task was to create a presentation
and director of the Catholic Studies
analyzing the electricity data from
PRE SIDEN T ’ S REP O R T | 21
U.S. NEWS & WORLD REPORT RANKS MANHATTAN 13TH OUT OF 179 IN THE BEST REGIONAL UNIVERSITIES (NORTH) CATEGORY OF ITS 2019 BEST COLLEGES LIST
MANHATTAN IS CONSIDERED ONE OF THE COUNTRY’S BEST INSTITUTIONS IN THE PRINCETON REVIEW’S BEST The Business Analytics Competition features a two-phase contest that requires teams to analyze and glean business insights from a data set. Judging panels are comprised of faculty advisers and industry experts. This year, the Jasper team took third place out of 19 teams and won $1,000.
385 COLLEGES
FOR THE FIRST TIME, THREE
the New York Independent System
entrepreneur judges that awarded a
GRADUATING SENIORS HAVE
Operator and the Energy Information
total of $5,000 in startup cash to three
EARNED FULBRIGHT ENGLISH
Agency. Alongside the other teams,
winning teams. The team of Karthik
TEACHING ASSISTANT
the Manhattan College group of Heyi
Maddur ’19, an electrical engineering
AWARDS
Cheng ’20, Anthony DePinho ’19,
major, Praise Omiponle ’19, a global
Chris Freund ’20 and Jean-Baptiste
business and management major, and
Tamas-Leloup ’19 analyzed the data
Kishan Thakurdin ’19, a mechanical
COLLEGE STUDENTS HELPED
provided and put together a conclusion
engineering major, created QuickMech,
BRONX RESIDENTS RECEIVE
surrounding Governor Andrew
a smartphone app that allows users to
$1.9 MILLION IN STATE AND
Cuomo’s plan to boost New York’s
find local car mechanics in their areas.
FEDERAL TAX REFUNDS
Clean Energy Standard from 50% to
They took home the first prize of $2,500.
70% renewable electricity by 2030. The Manhattan team came in third place in the 19-team field, winning $1,000 for
MORE THAN 40 MANHATTAN
• Thomas O’Malley ’63 gave a well-
FOR THE FIFTH STRAIGHT
attended talk, Creating Wealth, in
YEAR, MANHATTAN COLLEGE
February. He shared wisdom gleaned
HAS EARNED A SPOT ON
from the early days of his career and
VIQTORY’S LIST OF MILITARY
through his successes and setbacks as
FRIENDLY SCHOOLS AND
O’Malley School of Business, School
a commodities trader and corporate
IS RANKED IN THE SILVER
of Engineering and School of Science
leader. Among the practical tips he
CATEGORY, WHICH INCLUDES
competed in the College’s annual
offered, O’Malley advised his listeners
Innovation Challenge in March.
to take risks, be careful what you put
The teams pitched their inventions
in writing, treat those below you well,
and innovations to a panel of
and have a stable personal life. The
Manhattan College alumni and faculty
presentation was followed by a Q&A
the College. • Nine teams of students from the
22 | 2018–2019
THE TOP 20% OF THE 766 COLLEGES AND UNIVERSITIES ON THE LIST
session with business students and
award during an academic year. An
childhood in the South Bronx. He hopes
faculty. In September 2018, Manhattan
international studies major, Alvarez will
to pursue a career in the aerospace
College formally dedicated the O’Malley
teach in Brazil next year. Both Flanigan,
industry after graduation.
School of Business.
an international studies major, and
• Three Manhattan College recent graduates — Natalia Alvarez ’19, Alia
Hay, a special education/adolescent education major, will teach in Malaysia.
• Autumn Herndon ’19 is one of approximately 1,000 college students nationwide to receive a Gilman
Flanigan ’19 and Emily Hay ’19 —
• Miguel Diaz ’20 is one of 496 college
earned Fulbright English Teaching
students across the United States to
enabled Herndon to study abroad in
Assistant awards for the 2019-20
receive an annual Barry Goldwater
Panama this past summer. A native
academic year through the Fulbright
Scholarship. A mechanical engineering
of Clifton Park, New York, Herndon
U.S. Student Program. This is the first
major and a physics minor at
plans to graduate in December 2019
time that more than one Manhattan
Manhattan College, Diaz was born
with a bachelor’s degree in international
College student has received a Fulbright
in Puerto Rico and spent most of his
studies with a concentration in Latin
Scholarship. The scholarship of $3,500
America and the Caribbean. • Musa Jafar, associate professor of computer information systems and business analytics, invited two technical solution specialists from Microsoft to serve as guest instructors in his senior seminar, Data Mining for Business Analytics (BUAN 410). Steven Batista and Kendall Jakes taught a crash course in Power BI, a new Microsoft analytics service that aims to provide business intelligence capabilities with an interface for users to create their own reports and dashboards. • In January, Moujalli Hourani, associate professor of civil and environmental engineering and director of the graduate program in civil engineering and construction management, was recognized with an Outstanding Autumn Herndon ’19 received a Gilman Scholarship to study abroad in Panama. She has held internships at Corewoman, an organization dedicated to helping women develop the skills necessary for leadership, and the Center for Italian Modern Art.
PRE SIDEN T ’ S REP O R T | 23
Achievement Award by The Moles, a
Instrumentation Program grant from
of paleontologists found the remains
national heavy construction industry
the National Science Foundation. The
of this particular mammal in the
professional organization.
grant, which totals nearly $300,000, is
Andes Mountains, located in southern
in support of Suresh’s proposal to build
Bolivia. According to a paper published
a chemical vapor deposition instrument
recently in the Journal of Vertebrate
with novel capabilities for producing
Paleontology, L. shockeyi is among the
polymer thin films. A majority of the
first characterized in the macraucheniid
operators for the proposed instrument
family of South American ungulates
will be undergraduate students.
(hoofed mammals).
• Cristina Pérez Jiménez, assistant professor of English, is one of 24 professors across the United States to be awarded a 2019-20 Ford Postdoctoral Fellowship, a fellowship administered by the National Academies of Sciences, Engineering, and Medicine on behalf of the Ford Foundation. • Aravind Suresh, assistant professor of chemical engineering, has received a three-year Major Research
24 | 2018–2019
• Bruce Shockey, associate professor of
• In March, Manhattan College and
biology and department chair, is now
the Maxine Greene Institute co-
a part of history. Llullataruca shockeyi,
sponsored the fifth annual Imagination,
an extinct species that existed during
Inquiry and Innovation Institute. The
the Miocene era, has been named for
institute’s goal is to bring together
Shockey. An American-Bolivian team
approach to the act of listening and performance, and incorporates studies in music editing and recording, audio technology, acoustics, musicology, popular music, music theory, and performance in piano, voice and guitar. The core areas of the major will include music theory and analysis; music history and culture, including the history of audio technology; performance studies via a particular instrument; and digital audio recording and sound design. • The Major Author Reading Series (MARS) featured poet Fatimah Asghar, writer of If They Come For Us, in September 2018. Alvaro Enrigue, author of Sudden Death; Laura Sims, author of Looker and editor of Fare Forward: Letters from David Markson; and Erika Meitner, author of Holy Moly (Opposite page) An extinct species of hoofed mammal was named for Bruce Shockey, associate professor of biology. An American-Bolivian team of paleontologists named the species after Shockey in recognition of his efforts to improve knowledge of Cenozoic mammals of Bolivia. (This page) The new Digital Arts and Humanities (DAsH) minor brings a digital slant to classes in the School of Liberal Arts, such as Victorian Media. The interdisciplinary program incorporates the internet and digitized resources into coursework.
Carry Me, were featured in the spring 2019 semester. • In April, the O’Malley Library hosted Experiencing Veterans and Artists Collaboration (EVAC), an art project
innovative thinkers and practitioners
of Liberal Arts and is designed to
that connects veterans and artists
who exemplify outstanding practice.
provide students digital skills that are
together. Two recent Manhattan College
Attendees included educators, visual
attractive to employers after graduation.
alumni — Kirsten Battocchio ’18 and
and performing artists, media and
It includes classes within several
Michael Giraldo ’19 — had their stories
communication specialists, medical and
departments in the School of Liberal
told through the art exhibit. EVAC
health-care professionals, members of
Arts, including, but not limited to,
curators interview veterans about their
the business, technology, engineering
English, History, Modern Languages
experiences, and artists make original
and science communities, and
and Literatures, Sociology, Psychology
and signed prints based on their
Manhattan College students and alumni.
and Communication. Students also can
interpretation of those stories.
• The College launched a Digital Arts and Humanities (DAsH) initiative
take interdisciplinary courses in the O’Malley School of Business.
that became a minor in the fall 2019
• The College announced a new sound
semester. The program incorporates
studies major beginning in the fall of
current course offerings in the School
2020. The major will present a critical PRE SIDEN T ’ S REP O R T | 25
2018-19 STRATEGIC PLAN KEY PERFORMANCE INDICATORS AT A GLANCE 26 | 2018–2019
35%
83 HYBRID COURSES OFFERED IN 2018
Full-time freshmen who are first generation, as of fall 2018
11
2
Total research contracts awarded
240
Number of students who attended the Diversity Dialogue Series
419 Students enrolled in a community-based learning course
7 Attendees in the International Leadership Program for Faculties from Lasallian Universities
238 Full-time faculty
7
se
23% STUDENTS WHO STUDIED IN OTHER COUNTRIES DURING THE PAST ACADEMIC YEAR
$101
Million in Manhattan College’s endowment
39%
21
98
167
Full-time freshmen who are minorities in fall 2018
Capstones offered during the past academic year Number of students enrolled in a practicum course
Total full-time transfer students
46%
7,201 3,412
Seniors who participated in community service during their undergraduate years
Total full-time undergraduate enrollment in 2018
415 Students enrolled in first-year seminar courses
NUMBER OF DONORS
90%
76%
Students who report often or very often having conversations with people of different economic backgrounds
2018 GRADUATES ENROLLED IN GRADUATE SCHOOL OR EMPLOYED WITHIN ONE YEAR OF GRADUATION
2018–19 FINANCIAL REPORT
Manhattan College ended its 2018–19 fiscal year in a strong financial position; reflecting careful and strategic budget planning; steady, incremental growth in enrollment; and continuing increases in contributions and investment earnings. Net Assets Net assets are the difference between the College's assets and its liabilities. As of June 30, 2019, the value of Manhattan College's net assets totaled $286 million. Of this amount, $147 million was without donor restrictions, and $139 million was with donor restrictions.
28 | 2018–2019
Change in Net Assets The College's net assets grew by approximately $8 million in 2018-19, an increase of 2%. Since 2010, the College's net assets have grown steadily, from $126 million to more than $286 million, an increase of more than 100%.
Assets Cash and Cash Equivalents
2018
2019
$64,936,166
$62,441,720
Accounts Receivable*
$1,582,688
$1,238,877
Government Grants and Other Receivables
$1,042,586
$927,482
Contributions Receivable, Net
$22,301,130
$21,159,601
$1,286,819
$1,305,680
$99,212,081
$108,230,334
$1,072,272
$921,952
Funds Held by Bond Trustee
$40,073,442
$14,682,364
Property, Plant and Equipment, Net
$171,980,074
$200,199,175
TOTAL ASSETS
$403,487,258
$411,107,185
Prepaid Expenses and Other Assets Investments Other Receivables**
Liabilities and Net Assets
2018
2019
Liabilities Accounts Payable and Accrued Expenses
$13,340,908
$12,441,224
Deferred Revenues and Student Deposits
$11,657,846
$10,763,299
$1,011,624
$949,467
$99,372,489
$97,658,611
$1,705,000
$1,740,000
$1,221,672
$1,221,672
$128,309,539
$124,774,273
$147,271,619
$147,494,249
$127,906,100
$138,838,663
Liability Under Planned Giving Agreements Long-Term Debt Asset Retirement Obligation U.S. Government Grants Refundable TOTAL LIABILITIES Net Assets Net Assets Without Donor Restrictions Net Assets With Donor Restrictions TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS
$275,177,719
$286,332,912
$403,487,258
$411,107,185
*Net of allowance for uncollectible amounts of $664,000 in 2019 and $698,000 in 2018 **Net of allowance for uncollectible amounts of $90,000 in 2019 and 2018
PRE SIDEN T ’ S REP O R T | 29
MANHATTAN COLLEGE REVENUES, FISCAL YEAR 2018–2019 Government Grants and Contracts
All Others
$3.7
$4.9
Investment Income
$7.8
Contributions*
$15.1
Tuition and Fees (Net) and Auxiliary Services
$122.5
Figures are represented in millions *Utilizes the accrual method of accounting.
TOTAL REVENUES $154 MILLION This includes $140.5 million in revenues without donor restrictions and $13.5 million with donor restrictions
Revenues Manhattan College received $154 million in revenue in 2018-19, of which $140.5 million of these revenues were without donor restrictions. The College's revenue decreased by 10% in 2018-2019, compared to 2017-18. The
30 | 2018–2019
decrease in total revenues is a result of one significant donor gift received in 2017-18. At $122.5 million, student tuition and fees and auxilary services represented 79.5% of the College's 2018-19 revenues (net of College-
provided financial aid). 10% came from contributions, 5% came from investment income, 2.4% came from government grants and contracts, and 3.1% came from all other sources.
MANHATTAN COLLEGE EXPENDITURES, FISCAL YEAR 2018–2019 Academic Support Services
$13.8
Research and Sponsored Programs
$0.8
Instruction
$51.8 Student Services
$50
Institutional Support
$26.5 Figures are represented in millions
Expenditures Higher education costs for wages reflects expense increases in all of and salaries, health benefits, utilities, these categories representing a welldeferred maintenance, capital managed 4% increase above 2017-18. development and information The largest area of expenditure in technology continue to generate 2018-19 was instruction, which at significant increases in expense for $51.8 million represented 38% of the College. The 2018-19 budget total College expenditures. Other major expenditure areas were
student services ($50 million, 36.7% of total expenditures); institutional support ($26.5 million, 19.5% of total expenditures); academic support services ($13.8 million, 10.1% of total expenditures); and research and sponsored programs ($800,000, .5% of total expenditures).
PRE SIDEN T ’ S REP O R T | 31
MANHATTAN COLLEGE MARKET VALUE OF ENDOWMENT, JUNE 30, 2008–2019
110 100 90 80 70 60 50 40 30 20 10 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
MANHATTAN COLLEGE ENROLLMENT, FALL 2013–2019 (includes School of Continuing and Professional Studies) 4,300 4,100 3,900
278 252
3,700 3,500
230
392
192
96
3384
3459
98
109 3369
3,100
94 98
201
157
115
107
366 217
150
197
3,300
87
97
412
3412 3292
3267 3195
2,900 2,700 2,500 2013 32 | 2018–2019
2014
Undergraduate Full Time
2015 Graduate Full Time
2016
2017
2018
Undergraduate PT (FTEs)
2019 Graduate PT (FTEs)
On opposite page: Endowment The market value of Manhattan College's endowment, including reinvested earnings, increased steadily from 2011 until 2019. This past year, the College experienced a growth of its endowment value from approximately $99 million in 2018 to $108 million in 2019, an increase of just over 9% compared to the market valuation 12 months earlier.
Enrollment After a period of strong growth, enrollment continues to be stable in an increasingly competitive market, and now stands at approximately 3,900 students including more than 3,200 full-time undergraduate students. The College’s strategy is to encourage incremental steady growth in enrollment appropriate to the College’s resources and mission. Growth has also occurred in the categories of full-time graduate and part-time graduate students.
MANHATTAN COLLEGE TOTAL CONTRIBUTIONS RAISED, FISCAL YEAR 2018–2019 TOTAL RAISED $16.58 MILLION *
Corporations and Foundations
10% $1.66* Parents, Employees and Friends
9% $1.43*
Current Trustees and Emeriti
20% $3.36* Estates
14% $2.27* Alumni
47% $7.86*
Figures are represented in millions *Utilizes the cash method of accounting.
PRE SIDEN T ’ S REP O R T | 33
OVERALL FUNDS RAISED, FISCAL YEARS 2014–2019 $18
$16
$14
$12
$10
$8
$6
$4
$2
0
2014
2015
2016
2017
2018
Figures are represented in millions
2019
ALUMNI PARTICIPATION RATE 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0%
2014
2015
2016 Manhattan College
34 | 2018–2019
2017
2018
U.S. News Peers
2019
PRE SIDEN T ’ S REP O R T | 35
BOARD OF TRUSTEES CHAIRMAN Kenneth Rathgeber ’70 Retired Executive President & CCO Fidelity Investments VICE CHAIRMEN Br. Dennis Lee, FSC Provincial District of Eastern North America Brothers of the Christian Schools Kenneth W. Orce ’65 Retired Executive Committee Member and Partner Cahill Gordon & Reindel LLP
Br. Carlos Gómez-Restrepo, FSC Visitor District of Bogota Brothers of the Christian Schools
James S. Motherway ’83 Managing Director, Risk and Control Group, Operations & Technology MUFG Americas
Moira A. Kilcoyne ’83 Retired Managing Director/CIO Morgan Stanley
Peter M. Mulderry ’87 Managing Director of Marketing/Client Services Highfields Capital Management
Noreen Krall ’87 Vice President and Chief Litigation Counsel Apple Inc. Thomas P. Kuster ’86 CEO, Merit SI LLC
BOARD MEMBERS
Louis J. Lamatina ’79 Law Office of Louis J. Lamatina
John Banks III ’85 President Emeritus Real Estate Board of New York
Br. William Mann, FSC President Emeritus St. Mary’s University of Minnesota
Kenneth Bouyer ’90 Director of Inclusiveness Recruiting EY Americas
Fredric Marro ’77 Founder and President Westmont Associates
Br. Frank G. Byrne, FSC President Christian Brothers Academy
Lynn Martin ’98 President and COO ICE Data Services
Gerard Caccappolo ’63 Retired CEO Ebone
Rosanne Thomas Matzat ’82 Partner, Bankruptcy Department Hahn Hessen LLP
John Desmarais ’85 Founding Partner Desmarais LLP
John McAvoy ’80 Chairman, President and CEO Consolidated Edison Inc.
William N. Dooley ’75 Retired Executive Vice President, Investments American International Group
Marybeth McCall ’74 Retired Vice President and Chief Medical Officer Excellus BlueCross BlueShield
Thomas Farrell ’83 Partner COVE Property Group
Thomas J. Meloro ’86 Partner Willkie Farr & Gallagher LLP
36 | 2018–2019
Suni Munshani Chief Executive Officer Protegrity Peter Musumeci Jr. ’72 Consultant Republic Bank Brennan O’Donnell President Manhattan College Robert Pulver ’69 Former CEO and President All-State Industries Milo E. Riverso ’81 Chief Executive Officer and President STV Group Inc. Anthony Scala Jr. ’74 President Lowy & Donnath Inc. Br. Robert J. Smith, FSC Senior Vice President for University Initiatives and Special Adviser to the President St. Mary’s University of Minnesota Stephen J. Squeri ’81, ’86 Chairman and Chief Executive Officer American Express
PRE SIDEN T ’ S REP O R T | 37
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