2022-2023
PA MESSAGE FROM THE PRESIDENT
Dear Alumni and Friends of Saint Vincent,
lease see this report of the finances for the 2022-23 academic year. We are grateful for the many people who have brought about these successes and the strong financial position that Saint Vincent College continues to hold. Thank you for your support in service of our students.
The 2022-23 year was full of positive activity for Saint Vincent. We welcomed Dr. Helen K. Burns as our Rev. Owen Roth, O.S.B., Inaugural Chair of the Department of Nursing, and welcomed back Al Novak, C’81, to become our new Vice President for Philanthropy & Alumni Relations. Plans for the new Dunlap Family Athletic and Recreation Center and Rhodora and John Donahue Hall, home of our new nursing department, were first envisioned and began to crystalize.
On the academic side, we welcomed back an Army and Air Force ROTC program that has since begun to flourish among our students. As our professors and students collaborated on research and learning inside and out of the
classroom, external sources like U.S. News and World Report continued to rank Saint Vincent as a top-tier liberal arts institution in the nation. And thanks to stable enrollment and the generosity of our alumni and friends, our finances continue to be strong.
In an effort to be good environmental stewards, we are publishing a preview of our annual report in print. Our full financial report for the 2022-23 fiscal year is published online for your consideration, and we hope you will find that it reflects the above successes and prosperity.
On behalf of our Board of Directors, faculty, staff, students, and monastic community, thank you for your continued care and support.
Rev. Paul Taylor, O.S.B. President, Saint Vincent College
of June 30, 2022 and 2023
Saint Vincent College Corporation*
*Includes College and Seminary
BALANCE SHEET
As of June 30, 2022 and 2023
STATEMENT OF ACTIVITIES
ITEMS
Endowment funds provide a stable foundation for any nonprofit institution. They may include program or department scholarships for students, faculty research, endowed chairs, acquisition of new technology, and funds for the upkeep of buildings and grounds. Our endowment is a priority. The Forward, Always Forward Campaign strengthened this important foundation as we work to provide a world-class education for our students.
$32.9 million
Enrollment
1,552 students
Saint Vincent College recognizes the investment students, families, alumni, and friends make in higher education.
Because of your support, we provide financial help to 100% of our first-year students who receive either need-based or merit-based aid.
AtSaint Vincent College, we focus on educating students to meet the demands of a highly competitive world. We invest not only in helping students acquire the skills they need to compete after graduation but also in providing a learning environment that builds character and good moral judgment.
OPERATING REVENUE
Net Tuition
Auxiliary Enterprises
Net Assets Released
Private Gifts and Grants
Investment Income
Federal Grants
State Grants
Other Sources
OPERATING EXPENSES
Instruction and Research
Auxiliary Enterprises
Institutional Support
Student Services
Academic Support
Physical
HONOR ROLL OF Donors
2022-2023
The advancement of the College is possible with the dedicated support and commitment of so many alumni and friends in the Saint Vincent community. We are pleased to recognize those who have made gifts to Saint Vincent College between July 1, 2022, and June 30, 2023.
Scan the QR code below to view our list of donors:
BOARD OF DIRECTORS AS OF JUNE 30, 2024
Mr. Arthur J. Rooney, II, Chair Team President and Co-Owner, Pittsburgh Steelers
Kimberly M. Colonna, Esq., Vice Chair McNees Wallace & Nurick, LLC
Rev. Joseph M. Adams, O.S.B. Subprior, Saint Vincent Archabbey
Rt. Rev. Martin de Porres Bartel, O.S.B. Archabbot and Chancellor, Saint Vincent Archabbey, College and Seminary
Gregory Bisignani, M.D. Physician, Independence Health System
Ms. Bibiana Boerio Former Managing Director, Jaguar Cars, Ltd.; Former CFO, Ford Motor Credit Company
Ms. Jolene Bogner Global Product Owner and Sr. Business Analyst, Mettler Toledo, Inc.
Rev. Jude W. Brady, O.S.B. Director of Pastoral Formation at Saint Vincent Seminary
Ms. Amanda Cecconi Founder and Managing Partner, Punching Nun Group
Robert J. Clemens, Ph.D. Retired Vice President and CTO, Kennametal, Inc.
Rev. Thomas Curry, O.S.B. Pastor, Sacred Heart Parish
Mr. Richard A. DiClaudio Principal and CEO, Energy Innovation Center Institute
Mr. James Donahue Assistant Principal for Student Affairs, Central Catholic High School
David A. Dzombak, Ph.D. Hamerschlag University Professor Emeritus of Civil and Environmental Engineering, Carnegie Mellon University
Mr. Ramon Foster Sports Journalist and Commentator, Retired NFL Player, Pittsburgh Steelers
Ms. Tiffany Gilbert Founder and Executive Director, East Liberty Women’s Care Center
Mr. Paul P. Giunto Retired Executive Vice President, RPA Insurance Services, LLC
Mr. John J. Hans Retired CEO, Imagine! Print Solutions
Rev. Isaac P. Haywiser, O.S.B. Assistant Director, Archabbey Healthcare
Rev. Earl J. Henry, O.S.B. President, Wimmer Corporation, Saint Vincent Archabbey
Mr. Timothy Q. Hudak CEO, Eckert Seamans
Mr. Michael Keslar Divisional CIO and President, BNY
Mr. Edward Kilkeary, Jr. President and CEO, L.J. Aviation
Rev. David Klecker, O.S.B. Prior, Benedictine Priory
Most Rev. Larry J. Kulick, J.C.L. Bishop, Diocese of Greensburg
Rev. Matthew T. Laffey, O.S.B. Director of Campus Ministry, Penn State University
Mr. John M. Lally Managing Partner, Lally & Co., LLC
Rev. Matthew Lambert, O.S.B. Graduate Student, Benediktinerabtei Stift Neuberg
Ivan Lamourt, Psy.D. Sr. Associate Headmaster, St. Benedict’s Preparatory School
Rev. Dominic Leo, O.S.B. Administrator Protem, Saint Gregory the Great Parish
Mr. Ralph H. Liberatore Owner, Three Rivers Orthopaedic & Spine Products, Inc.
Very Rev. Killian Loch, O.S.B. Prior, Saint Vincent Archabbey
Very Rev. Edward Mazich, O.S.B. Rector, Saint Vincent Seminary
David F. McGonigle, Esq. Partner, K&L Gates
Rev. Warren Murrman, O.S.B. Professor of Theology and Liturgy, Saint Vincent Seminary
Mr. Troy A. Ovitsky Managing Director, Wells Fargo
Mr. Robert F. Pusateri Retired Executive Vice President, Energy Sales and Transportation Services, CONSOL Energy
Carlonda R. Reilly, Ph.D. Vice President and CTO, Kennametal, Inc.
Mr. Mark Rossi
Senior Managing Director, Cornerstone Equity Investors
Mr. Paul A. Seaman Co-Owner, JASPAR, LLC
David M. Siwicki, M.D. Co-Founder and President, Dominion Diagnostics
Mr. John N. Stevens Jr. Retired Director, SunTrust Robinson Humphrey
Rev. Paul R. Taylor, O.S.B., Ph.D. President, Saint Vincent College
Rev. Frank Ziemkiewicz, O.S.B. Headmaster, Benedictine Military School
Most Rev. David A. Zubik Bishop, Diocese of Pittsburgh