Advancing Excellence Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
Letter from the Chairman
Letter from the President
Board of Trustees
University Breaks Endowment, Enrollment Records in Fall 2021
The Most Reverend Edward J. Burns, Chancellor Richard Husseini, ’88, Chair Joe Armes
For the first time in its 65-year history, the University of Dallas’ endowment has reached the $100 million mark, at the same time that undergraduate enrollment hit a record 1,500 undergraduate students.
Hon. Stephanie Bascon, ’88, NAB President Charles E. Baumann, ’88 Win Bell Louis Brown Mary Devlin Capizzi, ’88 ’89 J. Barry Clark The Most Reverend Cardinal Kevin J. Farrell Emmet Flood, ’78 The Most Reverend Daniel E. Flores, ’83 ’87 Louis J. Grabowsky Patrick E. Haggerty Jr., ’67 ’68 Gregory Hoelscher, ’77 Cary Hyden, ’80 William Keffler Annmarie Kelly, ’91 The Most Reverend Gregory Kelly, ’78 ’82 Mike Magusiak Mary T. Manning, ’17 Randall Muck, Vice Chair Thomas M. Nealon, MBA ’87 Joseph O. Neuhoff Jr. Hon. Nathaniel “Tan” Parker, ’93 Mary Ritter, ’85
Dear UD Supporter,
Dear Friends,
As chairman of the University of Dallas Board of Trustees, it is my honor to share this annual report for the 2021 fiscal year with you at an exciting time in the university’s history.
What a remarkable year we have all had. If there are any lessons we have learned, it is that through trials and tribulations, we have endured, exercising the virtues of patience and perseverance. Both of these virtues — elements of the virtue of courage — have been firmly planted in our souls.
We were pleased to officially inaugurate President Jonathan J. Sanford as the university’s 10th president just this past month. Under Dr. Sanford’s leadership, the university has entered a new era of optimism and growth that will match the optimism and growth of the Dallas/Fort Worth metroplex and of Texas at large. Case in point — we just welcomed our largest first-year class in history and reached the $100 million milestone in our endowment fund, a critical measure of the long-term health of our institution. On behalf of the Board of Trustees, thank you for your support and continued interest in this institution that is beloved by so many. Sincerely,
Jonathan J. Sanford, Ph.D. The Most Reverend Mark Seitz, ’76 ’82 Nicholas T. Serafy Jr. Megan Smith, D.O., ’02 ’18 Patrick V. Stark Regina Uhl, J.D., ’00
Richard Husseini, BS ’88 Chairman, Board of Trustees
As Catholics, we persevere in this life for we know that suffering is never meaningless; there is something far greater than us. Courage and hope are ever present, and it is in this hope that we rededicate ourselves to the mission we are called to at the University of Dallas. That mission is nothing less than the pursuit of truth, wisdom and virtue, the fundamental goods of education. As a community of learners, we have learned the value of learning in person, together in dialogue. Whether our students are studying computer science or Plato, and whether our graduates are in full-time ministry or accomplished entrepreneurs, our mission is to cultivate their pursuit of these goods. For it is in this noble pursuit that the hope for renewing our culture resides. We are all called to this great mission, to be great and pursue greatness relentlessly for the betterment of our families, our communities, our country and our Church. Sincerely,
Bridgett Wagner, ’81, Secretary Julie Weber, ’91
Enrollment Growth of First-time Students 500
400
300
200
100
0
Jean White, ’86, Treasurer
Fall
Albert Zapanta Tom Zellers, M.D., ’79
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“Both are significant achievements in the life of our institution,” said President Jonathan J. Sanford, Ph.D. “We hope that the momentum will inspire continued investment in the lives of future generations of students, who, through the benefit of a UD education, are leaders well-equipped to serve their communities, the Church and our country.”
’17
’18
’19
’20
’21
Jonathan J. Sanford, Ph.D. President Professor of Philosophy
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
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STRATEGIC PLAN: A FORMULA FOR FLOURISHING Theme
Theme
Academic Excellence in Service to an Education That Always Matters
Forming Character in Service to a Life Well-Lived
The University of Dallas is dedicated to inquiry into timeless truths, but in no way does it sacrifice preparing our students for the present and future by doing so. Such dedication swims against the current in higher education in two fundamental ways: by assuming there are essential truths to be discovered, and by prioritizing their study. We work to provide an education that prepares students not only for their first job, but also for their fifth and 15th. Coupled with our undergraduate and graduate core curricula are majors and concentrations that ready our students for the here and now, as well as the beyond. It is the combination of the timeless with the contemporary, a combination especially evident in the ways in which the sciences and business studies are integrated with the humanities, that makes our education one that always matters.
There has been an unprecedented decline in emotional and psychological health among college-aged students in the past decade. We know there are many causes, including isolation from community, a growing sense that life is meaningless, and a growing lack of integration of the mind, body and spirit. These are causes that the University of Dallas is well-poised to correct with its formation in the intellectual, moral and theological virtues, as well as our emphasis on cultivating a resilient and entrepreneurial spirit in our students and alumni. We aim to be a paradigm for an integrated and rich approach to preparing students for lives of meaning and purpose.
Theme
Reputation and Recognition
VISION STATEMENT Academic excellence embodied in a rigorous Catholic education dedicated to a lifelong pursuit of wisdom, truth and virtue. Introduction The University of Dallas aims to provide the paradigm for Catholic university education. It seeks to do this through combining a comprehensive liberal education with disciplined formation in a wide variety of majors and graduate programs in a manner unmatched by any other Catholic university. Through its rigorous and intimate approach to educating the whole person, the University of Dallas cultivates in current, past, future and lifelong students those habits of mind and heart that enable them to live flourishing personal and professional lives in service to their families, communities, country and faith.
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Strategic Plan Strategy guides action, and requires a prudent arrangement of priorities to realize the university’s vision. This strategic plan, adopted by the Board of Trustees in May 2020, is the fruit of critical discernment of our strengths and weaknesses, as well as careful reflection on our opportunities for revenue and endowment growth in light of the current challenges to higher education in our local and national landscapes.
In order for the University of Dallas to achieve its vision, it also needs to establish long-term financial stability. Ultimately, that requires that we make significant strides in advancing the reputation of the university and broadening recognition of its excellence and distinctiveness. Making progress on this theme is essential to higher enrollments, increased engagement among alumni and supporters, expanding networks for student and alumni career advancement, and embracing new friends supportive of UD’s distinctive educational mission.
Our future efforts will focus on the following four themes, rooted in the central ideas that the University of Dallas provides an exceptional undergraduate Catholic liberal arts education, and its graduate programs are fostering a new generation of competent and visionary leaders in every area of society, with a special emphasis on forming those who can in turn provide such an education to others.
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
Theme
Service to Church and Country The University of Dallas strives to make its students better human beings, and that includes helping them to thrive as members of religious and political communities who dedicate themselves to serving others. We seek to prepare our students for an eternity with God, and for their day and age as active contributors to building a culture of justice and love. Love for America’s founding principles is genuine at the University of Dallas, as is love for God and neighbor, expressed in principles of solidarity and the common good. Our rigorous and faithful curricular and extracurricular emphases prepare students for dual citizenship in both the city of man and the city of God, and make our graduates uniquely prepared to serve in positions of civil, military and professional leadership, and to build up the institutional Church through significant contributions as lay and religious leaders.
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Academic Excellence Investing in Our Faculty
First Gen Focus
Constantin College of Liberal Arts
UD is committed to the success of firstgeneration students throughout their careers at UD.
Home to UD’s distinctive Core Curriculum, all undergraduates focus on the great works of Western civilization and develop the intellectual and critical thinking skills that prepare students for success in college and beyond.
GROWTH IN Endowed GIVING $1,500,000
With the support of generous scholarships, the Constantin Scholars Program at UD welcomes and supports Texas students who will be the first in their families to complete a bachelor’s degree.
Honoring the memory of their son Zach, a member of UD’s Class of 2016 who died tragically in a car accident the summer before his senior year, UD Trustee J. Barry Clark and his wife, Kathy, established two endowed Faculty Excellence Funds — one named for Father Robert E. Maguire, O. Cist., to support faculty excellence in the English Department, and another for longtime physics faculty member Richard P. Olenick, Ph.D., for faculty excellence in physics. Endowed faculty excellence funds provide critical financial support to UD’s renowned faculty. Such endowments are used to provide additional funds to help sustain faculty research and teaching so that our faculty can persist in deepening their wisdom, advancing knowledge in their fields and providing the very best education to our students.
$1,200,000
$900,000
$600,000
CONSTANTIN COLLEGE OF LIBERAL ARTS Faculty Accomplishments
$300,000
Aquinas and the Infused Moral Virtues, by Angela McKay Knobel 0
FY18 FY19 FY20 FY21
Total Cash to Endowment
ABOUT THE CONSTANTIN FOUNDATION GRANT
Urban Transformation in Ancient Molise: The Integration of Larinum into the Roman State, by Elizabeth Robinson Essentials of Existential Phenomenological Research, by Scott Churchill, published by the American Psychological Association (APA) Books, and part of the Essentials of Qualitative Methods series
Jeanine Dorrough, BA ’22, conceived the idea for First-Gen Ambassadors last fall, out of a desire to create leadership opportunities unique to first-gen students like herself who are the first in their families to go to college. During Orientation 2021, the 47 ambassadors were paired with orientation leaders to guide small groups consisting of first-time UD undergraduates. Once the semester began, the ambassadors took over as the leaders of these groups, which meet periodically throughout the school year. Funded for their work through generous scholarships from the Constantin Foundation, the ambassadors remain available to their group members as sources of information and support. After the start of the school year, all undergraduates, not just new students, were able to join and benefit from an ongoing relationship with first-gen ambassadors. “I’m sure it’s not just first-gen students who sometimes feel like they need some extra support or guidance, though, and that’s why we decided to open the groups up to everybody, but leave the leadership positions for the first-gen students,” said Dorrough.
The grant has fueled the creation of key programs such as the summer Constantin Scholars Bridge Program, which accepted its first cohort of DFW-area UD freshmen over summer 2020, the First-Gen Student Association, and the First-Gen Ambassadors, a peer support group open to any student in need of mentorship.
20%
First-generation students, coming from a wide swath of cultural and socioeconomic backgrounds, comprised a record 25% of the 2021 freshman class.
Aquinas on Beatific Charity and the Problem of Love, by Christopher J. Malloy
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Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
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Academic Excellence
Braniff Graduate School of Liberal Arts Offers 15 master’s degree programs ranging from fine art to psychology, Ph.D. programs in literature, politics or philosophy, and distinctive preparation in education through our programs for teachers.
Master’s program in Classical Education Grows Enrollment in UD’s Master of Classical Education has grown fivefold since spring 2018.
Preserving Western Tradition For University of Dallas parents Brian and Maria Dean, dedicating one’s life to the study of philosophy and the everlasting truths of the human person is not simply a worthy endeavor for one’s own formation, nor should it be pursued just to properly train the next generation of teachers.
It was with this generation-changing mindset that the Deans made a gift of $100,000 to the Institute of Philosophic Studies. The scholarship is intended to help alleviate some of the day-to-day financial pressures that IPS students may face as they pursue a degree. “We are committed to finding institutions, like UD, that are committed to preserving the best of the past,” Maria said. “We are so passionate about the IPS program because the only way to understand everything that is going on today is to know our past.” About the Institute of Philosophic Studies
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What is now the Institute of Philosophic Studies developed from an integrated program in literature and politics conceived by Louise Cowan, pictured below, and Willmoore Kendall. Their founding conviction was that politics and literature, in their search for wisdom and understanding about the most important things, shared a common focus on human discourse and its reflection of the human soul.
30
0
26 Spring 2018
Joe Gigler, MBA ’80, wouldn’t be the successful business owner and philanthropist he is today without John and Elizabeth “Babe” Hrivnak. Gigler was just four years old when his father founded a funeral home outside of Pittsburgh in 1959. Next door, in a small shopping center, the Hrivnaks owned Handi Food Mart, a small grocery store that they had saved up to start after years of working for big grocery chains. He delivered groceries all through high school — and worked at the store after he’d returned home from earning his MBA at the University of Dallas in 1980. “They were classic American entrepreneurs, with integrity and morals,” said Gigler. “They were humble people with the most incredible sense of generosity.” It was this sense of generosity that inspired Joe and his wife, Carol, to commit over $400,000 to support the John and Elizabeth “Babe” Hrivnak Memorial Endowed Scholarship for MBA students in UD’s Gupta College of Business.
Satish & Yasmin Gupta College of Business
Spring 2021
Total Cash to Endowment
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Steel Mogul Satish Gupta Named Among AACSB’s Influential Leaders Alumnus Satish Gupta, MBA ’81, was named a “2021 Influential Leader” by the Association to Advance Collegiate Schools of Business — the world’s largest business education alliance.
For the Deans, whose daughter Anna is a doctoral student in UD’s Institute of Philosophic Studies (IPS), the pursuit of philosophy at its highest academic levels is a paramount task for today’s generation.
150
120
Building Business LeadersHip
Offers a range of master’s degrees from business administration to cybersecurity, and the first AACSBaccredited DBA program in Texas.
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
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Forming Character for a Life Well-Lived
“
Rome Attracts New Support
In classical education you’re not simply filling minds with facts; you’re creating a community of learners who want to cultivate and to pass on an intellectual tradition.” –Jeffrey Lehman, MA ’99 PhD ’02
Inspiring Lifelong Virtue
Life-Changing Rome
Academic excellence and intellectual rigor are hallmarks of a University of Dallas education, but pursuit of these goods cannot be separated from the cultivation of the intellectual, moral and theological virtues of our students. Character formation is not only at the heart of our student life on campus, but woven into the university’s many lifelong learning initiatives, recently coalesced under the work of the St. Ambrose Center led by alumnus Jeffrey Lehman, MA ’99 PhD ’02.
In the summer of 2020, the program marked its 50th year, and while celebrations were subdued due to the pandemic, the milestone was aptly marked with the release of Due Santi and the University of Dallas: Un Piccolo Paradiso, a book co-edited by Associate Professor of English Greg Roper, Ph.D., BA ’84, and Associate Professor of English Andrew Moran, BA ’91 PhD ’04.
The center encompasses several important initiatives: Studies in Catholic Faith & Culture, which began in 2018 under the direction of alumna Sister Jane Dominic Laurel, O.P. BA ’92 MA ’21, now consists of four online courses available to individuals, parish groups, schools and anyone interested in an in-depth instruction from the best faculty UD offers. Arts of Liberty and professional development courses for K-12 teachers in classical education ensure teachers are equipped to reimagine pedagogy and modes of learning in the classical sense. Braniff graduate programs, particularly the Master of Humanities with a Classical Education concentration, are among the most popular graduate programs at UD. “There is a renaissance in classical education that’s happening right now, fueled by a desire to reestablish intellectual freedom that has been challenged and often compromised by technology and the media these past few decades,” explains Lehman.
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Advancing Excellence | Annual Report
A new Rome scholarship gift of $112,000, made by a generous couple, provides vitally needed resources to ensure students with the greatest need are able to take part in the transformative UD Rome Program. The gift will provide 12 full scholarships in FY22 for students who would otherwise be unable to participate in a Rome semester. The donor, an alumnus who wishes to remain anonymous, shared: “My Rome experience was so important in my life, so life-changing, that I wanted to make sure every UD student had the opportunity to be a Romer.”
“In putting together the volume, we wanted to give a sense of the life of Due Santi — all the voices, all the history, the daily routine and the special events, the seriousness of its intellectual and spiritual life as well as its playfulness and joy,” said Moran.
Book Proceeds Fund Scholarship All profits from sales of the book will go to the Charles T. Uhl Rome Scholarship that assists students in defraying the costs of participating in the Rome Program. To boost donations even further, Kathy (Uhl) Milligan, BA ’91 MBA ’95, and Danny Milligan, BA ’91, have pledged to make a $10 donation to this scholarship fund for each book sold, up to $20,000.
Fiscal Year June 1, 2020 - May 31, 2021
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Service to Church and Country Continuing Education Programs
New Beginnings, Expanded Offerings
Honoring their Service
About ROTC @ UD The University of Dallas is committed to supporting students who wish to earn appointments as commissioned officers in the U.S. Army or Air Force, by partnering with the University of Texas at Arlington (Army) and the University of North Texas (Air Force).
Catholic Biblical School Certificate in Pastoral Ministry Deacon Formation Teología del Cuerpo (Theology of the Body) Rome Study Tour Holy Land Study Tour
degree Programs Bachelor of Arts, master’s degrees and graduate certificates are offered through the Constantin College of Liberal Arts and Braniff Graduate School of Liberal Arts in the following areas: Catholic School Leadership, M.A. and graduate certificate Catechetical Ministry, M.C.M. Leadership, M.A. Pastoral Ministry, B.A., M.P.M. Theological Studies, M.T.S. Theology, B.A., M.A., M.Th.
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Dioceses served by the Neuhoff Institute
Dallas, Fort Worth, Las Vegas, Atlanta, Reno and San Angelo
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Seeking to enhance and enrich the university’s educational offerings, last spring the university announced the restructuring of its theology degree programs and continuing education programs in pastoral ministry.
Heroes who have given their lives in service to our country were honored on Veterans Day 2020 at a special service on the Braniff Mall, coinciding with the opening of the university’s Veterans Lounge, located on the third floor of SB Hall.
The Ann and Joe O. Neuhoff School of Ministry is now the Ann and Joe O. Neuhoff Institute for Ministry and Evangelization, which will preserve and expand the School of Ministry’s English and Spanish non-degree certificate offerings, including deaconate formation. Undergraduate and graduate theology and ministry programs are now part of the Constantin College of Liberal Arts and the Braniff Graduate School of Liberal Arts.
The Veterans Lounge in SB Hall was a project spearheaded by former UD Trustee Terry O’Halloran, MBA ’83.
The undergraduate major in pastoral ministry has been combined with theology to provide a more integrated formation for undergraduate students, while moving the graduate programs to the Braniff Graduate School returns them to where many of them were originally housed for 20 years.
He added, “I’m grateful to have an environment where our veterans can share stories, make business contacts and discuss issues they all have in common due to the stress and fatigue of our past several years. As a Marine, I’m proud that the university has done this for our country’s most valuable individuals.”
A new Institute for Homiletics, funded by the Catholic Foundation and housed at the University of Dallas, set to launch in fall 2021, will also be associated with the Neuhoff Institute to serve parish priests and deacons in their preaching ministry.
Advancing Excellence | Annual Report
“From the beginning when it was suggested to have a place for veterans to meet, study and make new friends, I was excited,” said O’Halloran, a retired U.S. Marine who, with support from other donors, led the effort to dedicate a gathering space on campus for students, staff and faculty who have served in the military.
Fiscal Year June 1, 2020 - May 31, 2021
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Building Reputation. Expanding Engagement. Alumni Generosity
Paying It Forward
The 2021 Cor Challenge, which ran March 23-27, broke records for the second year in a row in both number of donors and dollars received, taking the title from 2020 as the most successful Cor Challenge ever. Nearly nearly 1,000 donors (a 30% increase over 2020) raised almost $290,000 (a 43% increase over 2020). Special thanks go to University Trustee Nick Serafy and his wife, Viveca, for their $50,000 match.
OVER THE PAST 10 YEARS
Alumni Give Back
New, First-Time Students
+34%
Undergraduate Students
+10.6%
25 by 2025 Building off the model of the Class of 1985 effort, the university is launching an effort to increase our overall alumni participation rate from 13.6% in FY21 to 25% by May 31, 2025.
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Cor Challenge Breaks Records Second Year in Row
Mike Wehrle, D.D.S., BA ’85, along with classmates Bill Schofield and Jennifer (Coyle) Byrne (both also BA ’85), stepped forward to launch the Class of 1985 Endowed Scholarship to inspire both their classmates and current and future alumni to invest in the outstanding value of a UD education. Working closely with 1985 class agents Gina (Bonanno) Morrison and Linda (Derdeyn) Jackson, as well as Jon Shelburne, Jim Martin and John Altomare, they were able to reconnect and engage 100 classmates, increasing their class participation rate to 46% in FY21 from 24% the previous year, for a total of $300,000 in gift commitments.
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[ cor: noun, Latin — the heart ]
UD’s annual fund, the Cor Fund, is the lifeblood of the University of Dallas, providing a crucial bridge between tuition revenue and the actual costs to deliver a quality UD education. Most importantly, a gift to the Cor Fund allows the university to respond to the most pressing financial concerns and provide the flexibility to seize unique and important opportunities that serve UD’s vital mission.
New UD Mentorship Program Fosters Student, Alumni Connections Students seeking career advice and UD alumni looking to give back can now take advantage of a new Mentorship Program created by the offices of Personal and Career Development and Alumni Relations. “The UD Alumni network is represented in so many fields, and we all share a love for UD,” said Monica (Tomutsa) Molano, BA ’07. “This mentoring program allows all of us to give back with our time and expertise to the next generation, and help make their paths forward after graduation — and beyond — a little easier.”
COR CHALLENGE 2021 Participation By the Numbers
957 Donors
UD inspires a natural curiosity, asking, ‘Why does it work, how does it work?’ I’m able to work across a great swath of engineering because I’m able to ask good questions, spot patterns and synthesize, which are all things UD taught me.” –Jennifer (Coyle) Byrne, Ph.D., BS BA ’85
Advancing Excellence | Annual Report
About the Cor Fund
$286,258 Funds Raised
Fiscal Year June 1, 2020 - May 31, 2021
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Building Reputation. Expanding Engagement. American Council of Trustees & Alumni
A New Legacy
No. 6
Regional Universities West / U.S. News & World Report's "Best Colleges" 2022
Julie and Erick Pecha consider themselves a new, different kind of UD legacy. While not alumni themselves, they are the parents of five alumni — Brennan Pecha, BS ’11, Camille (Pecha) Kennedy, BA ’13 MA ’15, Luke Pecha, BS ’15, Gabe Pecha, BS ’17, Josephine Pecha, BA ’21— and a current student, Katerina Pecha, BA ’25. Further, the Pecha parents are alumni of the St. Ignatius Institute (SII) at the University of San Francisco, which was, when they attended, very similar to UD, with a liberal arts curriculum. When they were students at this private Jesuit university in California, Father C.M. Buckley, S.J., was an integral part of the program and their guiding light, hence the choice of namesake for the scholarship they have established at UD: the Father C.M. Buckley Scholarship. In his 90s now, Father Buckley is in residence at Thomas Aquinas College, serving the students there in much the same way he did those at the Institute.
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“He was a mountain of a man intellectually for the students,” said Julie. “We began this scholarship in his name to both honor him and to encourage other SII alumni to support UD, which is continuing the legacy of education that we received and want to pass along to our children.”
American Council of Trustees & Alumni
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The Quest, a documentary-style limited series produced by the University of Dallas about living one’s journey with truth and wisdom in troubled times, debuted on EWTN, the largest Catholic television network in the world, in November. Content for the series is drawn from faculty interviews featured in the University of Dallas’ free online course program, Studies in Catholic Faith and Culture. “The Quest takes viewers on a journey, drawing on stories from Scripture, history and literature to explore the Christian life as a narrative of joyful courage in the gathering darkness of this world,” said Shannon Valenzuela, Ph.D., BA ’00, affiliated professor of English at UD, who wrote, directed and narrated the series. “Living life courageously, persevering through adversity and discovering the ultimate truth in God are hallmarks of a UD education that we are excited and proud to share with
No. 6
Regional Universities West / U.S. News & World Report's "Best Colleges" 2022
Bringing UD to the World
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
the world,” President Jonathan J. Sanford, Ph.D., added. In 2018, Sanford, in his capacity as provost, founded the Studies in Catholic Faith and Culture program under the university’s Liberal Learning for Life initiative, which shares the best of a UD education with the wider world and fosters a lifelong appreciation of the liberal arts in promoting human flourishing.
sign up to become a Quest VIP Sign up to receive the latest episodes of the Quest, along with free downloadable resources for individuals and discussion groups, at quest.udallas.edu.
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The President’s Society
The President’s Society recognizes donors who invest $1,000 or more annually in the University of Dallas. These leadership gifts support the mission of UD as we continue our dedication to the pursuit of wisdom, truth and virtue as the proper and primary ends of education. Support from the members of the President’s Society is critical to ensuring we attract and retain the best faculty, enroll the top students, and provide the distinct classroom experience that makes us the University of Dallas.
Life Members (as of May 31, 2021)
Cistercian Society (for June 1, 2020 -- May 31, 2021)
The Life Members of the President’s Society comprise our generous donors who have invested $250,000 or more.
The Cistercian Society was founded to honor the original Cistercians, who played a crucial part in the founding of the university. This society recognizes generous donors who invest $20,000 or more annually in the university.
Anonymous
Carol and Joseph H. Gigler
Joseph O. Neuhoff
B & G Partnership Ltd.
Goldman Sachs Philanthropy Fund
Pat and Neil J. O’Brien
Anonymous
Julia and Matthew D. Hejduk
Viveca and Nick Serafy
Louis A. Beecherl †
John T. Gulczynski †
John M. Olin Foundation
Kelly and Joe B. Armes
Hillcrest Foundation
Martha Sheridan
Belmont Foundation
Gupta Agarwal Charitable Foundation
Minnie K. Patton Scholarship Foundation
The Theodore and Beulah Beasley
Helen Hunt
Fanny Baltazar Sheumaker and
A.H. Belo Corporation Foundation
Yasmin and Satish Gupta
Bosque Foundation
Ed Haggar Family Foundation
James M. Moroney Jr. †
Lynn and Win Bell
Elizabeth and Richard A. Husseini
Christopher R. Bright
J. M. Haggar Jr. Family Foundation
Vincent R. Pawlowski
Christopher R. Bright
Rev. Monsignor Milam J. Joseph
William R. Burleigh Family Foundation
Edmond R. Haggar †
The Rea Charitable Trust
Beverly and Brian F. Burch Sr.
Alfred Kelley
The Sumners Foundation
Catholic Diocese of Dallas
The Patrick and Beatrice Haggerty
Cordelia G. Sansone †
Jennifer Byrne, Ph.D.
Annmarie Flynn Kelly and Robert W. Kelly
The Teagle Foundation
SB International Inc.
Nancy Cain Marcus Robertson and
The Larsen Foundation
Lauren Elizabeth and Jason Wu Trujillo
The John G. and Marie Stella Kenedy
Regina M. Uhl
The Catholic Foundation
Foundation
Trust Grant
Foundation Inc.
HLH Family Foundation
Philip Sheumaker William A. Solemene Charitable Foundation
The Center for Thomas More Studies
Beatrice Haggerty †
Scanlan Foundation
Kathy and J. Barry Clark
Mary and Patrick E. Haggerty
Charles Schulze †
The Estate of Neil and Jo Anne Campbell †
Suzanne Collmer
Hillcrest Foundation
Viveca and Nick Serafy
Mary Devlin Capizzi and Joseph E. Capizzi
Kathleen and Daniel J. Milligan
Tammy and Michael Wehrle
Communities Foundation of Texas
Hoblitzelle Foundation
Rick V. Stark and Patty A. Stark
The Catholic Foundation
Lisa Fougerousse Mobus and Jeff Mobus
The Welch Foundation
Constantin Foundation
Elizabeth and Richard A. Husseini
Bonnie and John L. Strauss
The Center for Thomas More Studies
Lisa and Randall F. Muck
Jean and Martin White
LouAnn and Michael Corboy
W. M. Keck Foundation
The Sumners Foundation
Kathy and J. Barry Clark
Erlinda and Charles Neubecker
Lely K. White
Dr. Donald Cowan † and Dr. Louise Cowan †
The John G. and Marie Stella Kenedy
Mary and Richard K. Templeton
Constantin Foundation
Joseph O. Neuhoff
David M. Crowley Foundation
Memorial Foundation Inc.
Sanford Robertson
Memorial Foundation Inc.
Mary and Michael F. Terry
Debbie and Kurt M. Daniel
Vincent R. Pawlowski
David M. and Mary C. Crowley Trust
Carl B. and Florence E. King Foundation
Bredow and Robert E. Thompson
Maria and Brian Dean
The Rea Charitable Trust
Dan D. Cruse and Margaret A. Cruse †
Charles G. Koch Charitable Foundation
Jere W. Thompson
Robert H. Dedman University of Dallas
Mary Rossi Ritter and Timothy Ritter
Maureen and Robert W. Decherd
Kresge Foundation
Shirley Vilfordi
Joy and Ralph R. Ellis
Carlos J. Kruegel
The Welch Foundation
Danielle and Dan G. Flaherty
Scanlan Foundation
William P. Esslinger †
The Larsen Foundation
Ann and Raymond E. Wooldridge
Carol and Joseph H. Gigler
Robin and William A. Schofield
Elvira and Eugene T. Fitzgibbons
Norma and Harry J. Longwell
YAS International LLC
Danielle and Dan G. Flaherty
The J.E. and L.E. Mabee Foundation
Jane and Manuel Zuniga
The Foundation Powers Inc.
Eugene McDermott Foundation
Fox Management Trusts
David Mitchell Marcus Foundation
Permanent Endowment Fund
Patricia and Paul Verderese
Rebecca and Jonathan Sanford
† Members who have passed
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Fiscal Year June 1, 2020 - May 31, 2021
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The President’s Society Dominican Society (for June 1, 2020 -- May 31, 2021)
Carpenter Society (for June 1, 2020 -- May 31, 2021)
The Dominican Society derives its name from the first Dominican priest, Father Damian Fandal, who arrived on campus in 1958. This society recognizes our generous donors who invest between $10,000 and $19,999 annually in the university. Anonymous
Martha and Alex T. Galbraith
Steven M. Allen
Emily and Seth M. Gartland
Beth and Pete Blute
Bridget and Edward Gramling
Monica and Carlo Molano
William R. Burleigh Family Foundation
Sheila and Christopher Gramling
Elise and Burk Murchison
Chris and Bainard Cowan
The Patrick and Beatrice
Kathy and Joseph C. Murphy
George Creel
Haggerty Foundation
Eileen McPherson Meinert and David Meinert
Laura and Peter Quinn
Susan and Michael D. Cuda
Mary and Patrick E. Haggerty
Catherine and Kenneth Schneider
Donna Sue Dolle and Charles E. Baumann
Stacey and Thomas S. Hibbs
William Sheridan
Bernadette and Aubrey Edwards
Adelaida and Allan Kagan
Gwyneth and Jeffrey Spaeder
Janis A. and Martin J. Fee
Lilly Fellows Program in Humanities and
Patty and Rick V. Stark
Maureen and Michael Ferguson The Fitzgibbons Family Fund
the Arts Mikail M. McIntosh-Doty
Bridgett and Steve Wagner Robert Wood
Ariel and Emmet T. Flood
Gorman Society (for June 1, 2020 -- May 31, 2021) The Gorman Society was founded to honor Bishop Thomas Kiely Gorman, bishop of the Diocese of Dallas at the time of UD’s founding. This society recognizes our generous donors who invest between $5,000 and $9,999 annually in the university. Anonymous
Anna F. Haine and William R. Haine †
Catherine A. Pullen
Theresa and Chris Archer
Robin and Gregory P. Hoelscher
Karen and Ken Richelsen
David L. Atkinson
Cary Hyden
Judith and Carey Schulten
Leslie Harris and Edward G. Baptista
Yolanda and Edwin L. Jacobs
Andrea and Jeffery Sexton
Francis and Frankie Beckwith
RoseMary Johnson
Megan A. Smith
Linda and Donald W. Bendure
Bishop Gregory Kelly
Alice and Ken Starr
Dian and Richard E. Carville
Kathleen and Thomas Lagarde
Strake Foundation
Catholic Diocese of Dallas
Eli Lilly and Company Foundation
United States Conference
Catholic Heritage Curricula
Dick Long
Elizabeth Ochoa Dalla-Valle
Catharine and Patrick Maher
Kris and Paul Vetter
Kimberly and John Donnelly
The Margaret Maher Foundation
Shirley Vilfordi
Susan Ellis
James Martin
Roy Wadsworth
Richard F. Endres
Marta and Douglas Mayer
Marilyn Walker
Brandie and Timothy Gehan
Shannon and Thomas Nealon
Zuniga Investments Inc.
Heather and Thomas A. Goodman
of Catholic Bishops
Virginia G. Piper Charitable Trust
The Carpenter Society was founded to honor the Carpenter family, who contributed 160 acres to the university in 1955. This society recognizes our generous donors who invest between $1,000 and $4,999 annually in the university. Anonymous
Paula M. Ciprich
Mark D. Foeckler
Julie and David Abell
Susan and Daniel F. Clifford
Tom P. Fogerty
Albertsons Safeway
Katherine A. Coerver
Follett Higher Education
Dr. John M. Altomare
Samuel J. Cohen
Jackie and Roy Fuentes
Melanie and Michael Alvares
Comporium Foundation
Phylann and Ed Fusco
Corlin and Wayne Ambler
Trang and Phillip S. Conley
Jackie† and Robert M. Galecke
Thu-Lan and David Andrews
Constance Connelly
Adrienne and John M. Gallagher
Megan and Alan G. Anz
Trang and Scott Crider
Teresa M. Gorman
Elsy and Joseph Arlinghaus
Suzannah and Mark D. Cronenwett
Donna and Louis J. Grabowsky
Laura and Paul Arnold
Kristina Joyce and Joseph M. Cyr
Joseph M. Graham
Rev. Victor Lee Austin
Catherine and Henry Daboub
Amanda and Alexander Halisky
Timberly and Bernard Avendanio
Anne and Timothy A. Daly
Nancy and Michael Hall
Tina M. Azamar
Patrick J. Danaher
Rev. Emmett V. Hall
Kendra and Glenn Backus
Paul and Deb Danaher
Thomas Hansell
BetterMeant Initiatives
Daniel J. Davis
Rachel and Philip Harold
Dr. John Baker and Mrs. Dayle Baker
Elite Sports
Elizabeth and Roy Heyne
Stephanie and Fabius D. Bascon
Jeanette and Matthew deKay
Jon Paul D. Heyne
Julie Dahlquist and Richard Bauer
Jane Z. Delahanty
Sally and Steven Hicks
Eric J. Beeby
Regina and Daniel Devlin
Anne and Dennis Hoelscher
Selena and Killian Beeler
John M. Diebold
Michael T. Hoff
Monsignor John Bell
Betty-Ann Svendsen and Steven DiMarco
Rita and Joe Hogan
Catherine Bellan and James L. Bitterman
Kirk L. Dobbins
Cherie and Jason Hohertz
Kalpana and Ramesh Bhatia
Laura and Dominic Dougherty
Natalie and Michael Horak
Terry and William Biggins
Kristin and Curtis Downs
Vallery and Joseph R. Hrbacek
Mary Ann and Joseph W. Bitter
Elizabeth and John Eastman
Julie and Francis Hubach
Juan S. Blanch
Michelle and John Eliseo
Don Hutchins
Mary Alyce and Alan Blum
Ann Ellis
Lisa and Randy Irlbeck
Lindsay and Alvin O. Bockwinkel
Michelle and Richard Ellis
Italian Club of Dallas
Linda and Thomas Boedecker
Nancy and Jonathan Erickson
Carolyn and Robert James
Young Boozer Family Foundation
Bruce D. Evans
Joseph G. Johnson
Pamela and Curtis P. Bounds
Suzanne and Mark Faulkner
Laurel and Armin Johnson
Abby R. Bova
John Robert (Bob) Fields
Marion and Walter T. Jones
Mary Therese Ahne Breger
Laura and Kevin Fitzpatrick
Tara and Joseph Judge
Nathaniel Brown
Barbara and John J. Flatley
Karen R. Kaczmarski
Renee Brown-Nembhard
Walter L. Fleming
Chrissie and William Keffler
Leah and Marvin Cannon
Laurel Jane and Gregory Fletcher
Rachel E. Khirallah
Renee and Jason Carver
Raphael and Amanda Flood
Pamela and John Kiowski
Jennifer and James Chandler
Gale and Mike E. Florence
Joy Kirsch
† Members who have passed
19
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
20
The President’s Society
Parent council Carpenter Society (continued)
Anonymous
Tamara and Steve F. Nicksic
Anita Shorosky
Libbey and Todd Kitten
Bertha and Thomas J. Norman
Ellen and Kurt Smith
Maisie and John Klocek
John Norris
Sarah D. Sokora
Elizabeth A. Klunder
Mary and Ed Oleksiak
Lynne M. Sprugel
Andrew I. Kovoor
Nancy and Timothy Oliver
Melanie and Robert Stack
Peter Krewet
Jeanmarie and Thomas Organ
Susan and Thomas Stanzel
Ruth T. Krusen
Diane and Jesse P. Orsini
Jamie and Don Stevenson
Mary and Daniel Kubala
Karen and Mark Papania
Teresa and Anthony Stone
Erin and George W. Kuhn
Elizabeth and Nathaniel W. Parker
Rhonda and David W. Stryk
Karen and Christopher Kuplack
Jeanne and John Parker
Rosemary E. Suprenant
Rachel and David Lamberti
Annette and Jeffrey S. Patterson
Karen and David R. Sweet
Kendra J. Lamboy
Julie and Robert E. Pecha
Kathy and Jack Tatom
Mary and Paul Lanari
Mary and John G. Peisen
Kelly and Edgar Tavares
Barbara W. Landregan
Susan D. Pejovich
Dorothy and William R. Tennant
David G. LeMire
Frank B. Peterson
Rebecca Ryskind Teti and Dennis Teti
Susan and John Lenczowski
Jim Petzel
Gail Thomas, Ph.D.
Ann and Jerry Lerner
Patricia and Steven Pierret
Bredow and Robert E. Thompson
Lydia and Frank LoCoco
Ada and Gregory Pimentel
Janis and John M. Tilley
Jessica and John M. Lynch
Barbara and James Pitstick
Mary and Carl Tosetto
Thomas J. Magnor
Mike A. Pitstick
United Way of Orange County
Wendy and Michael H. Magusiak
Catherine and Gregory A. Pivarunas
USAA Property and Casualty Insurance
Heidi and Kevin Maher
Steve and Loree Potash Family
Patty and Alex Valadka
Anne Marie and Kevin Malone
Foundation
Karla and Martin Warborg
James W. Maney
Luz and Michael Probus
Robert Watling
Mary Rister Manuszak and David P.
Michael J. Reilly
Kathryn and Mark Weber
Robert Reinke
John and Julie Weber
Christy and Brannon D. Marlowe
Margaret and William R. Richardson
Cecilia and Charles Weigel
Donald J. McAllister
Mary and Don Richardson
Katherine and David Weisbruch
Anne and Sean M. McCrory
James G. Roberts
Janet and Martin E. Weisse
Gregory L. Migdal
Robert G. Rooney
Charlotte and Sean Williams
The Jack Miller Center
Michele and Greg Roper
Jeanne and James B. Williams
Elena and Daniel Mistrot
Peggy and Leonard Ruby
Jayne A. Williams
Therese and Tom Moncrief
Carley and Paul Rydberg
Michelle and Thomas Williamson
Andrew Moran
Mary and Stephen J. Safranek
Marsha A. Martinez-Wylie and
Gina and Dennis Morrison
Luke A. Safranek
Susan and Stan J. Muckenthaler
Stephen Sale
Mr. and Mrs. Paul T. Yarbrough
Abigail and Mitchell Muncy
Christine and William Sei
Marcia A. Zelinsky
David A. Munday
Olivia and Mark A. Seitz
Catherine and Thomas Zellers
Josephine Semasek Murray and Michael
Patricia and Minhaj Servaes
Clark Zentner
Manuszak
G. Murray
The UD Parent Council was established in 2020 to recognize current and former parents who have committed a gift of $5,000 or more annually. We are grateful to these parents who have invested in preserving the University of Dallas’ unique educational mission for future generations of students. Anonymous Theresa and Chris Archer, P ’14 ’16 ’17 ’21 Donna Sue Dolle, BA ’89, and Charlie Baumann, BA ’88, P ’19 Beth, BA ’83, and Pete, BA ’82, Blute, P ’11 ’12 ’16 ’21 Chris Bright, BA ’77, P ’10 Beverly and Brian Burch, P ’97 ’01 ’03 ’13 Mary, BA ’88 MBA ’89, and Joe Capizzi, P ’19 ’23
Danielle, BA ’81 MBA ’82, and Dan, BA ’82 MBA ’83, Flaherty, P ’21
Julie and Erick Pecha, P ’11 ’13 ’15 ’17 ’21 ’25
Martha and Alex Galbraith, P ’12
Karen and Ken Richelsen, P ’20
Heather, BA ’85, and Tom, BA ’84,
Rebecca and Jonathan Sanford, P ’23
Goodman, P ’16 ’20 Sheila, BA ’92, and Christopher, BA ’93, Gramling, P ’22 Mary, BA ’67, and Pat, BA ’67, Haggerty, P ’93
Catherine and Kenneth Schneider, P ’22 Viveca and Nick Serafy, P ’12 Andrea, BA ’85, and Jeffery, BA ’85, Sexton, P ’14 Patty, MH ’10, and Rick Stark, P ’99 ’01
Anna and William † Haine, P ’96 ’99 ’01 ’10
Patti and Paul Verderese, P ’03
Kathy and Barry Clark, P ’16
Adelaida and Al Kagan, P ’18 ’21 ’24
Roy Wadsworth, BA ’80 MA ’90, P ’15
Chris, BA ’70 MA ’72, and Bainard, BA ’70,
Annmarie, BA ’91, and Bob, BA ’92 PhD
Bridgett, BA ’81, and Steven Wagner, P ’15
Cowan, P ’96 ’03 ’06 ’07 GP ’15 Susan, BA ’83, and Michael, BA ’82, Cuda, P ’18 Debbie, BA ’77, and Kurt, BA ’74, Daniel, P ’03 Maria and Brian Dean, P ’17 Bernadette and Aubrey Edwards, P ’21 ’22 Maureen and Mike Ferguson, P ’22 ’25
’95, Kelly, P ’22 Erna and Keith Kostuch, P ’21 Kathleen, BA ’98, and Tommy, BA ’97,
Bob Wood, P ’83 ’84 Jane, BA ’70, and Manny, BA ’70, Zuniga, P ’93
Lagarde, P ’23 Marta and Doug, MA ’78, Mayer, P ’09 Lisa, BA ’90, and Jeff, BA ’86, Mobus, P ’16 ’19 Elise and Burk Murchison, P ’10
Erika and Neil D. Shah
Clare E. Myers
Barbara and Bruce R. Shaw
Elizabeth and Stephen Nichols
Nancy H. Shelton
21
Kevin D. Wylie
Parent Council (for June 1, 2020 -- May 31, 2021)
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
22
Legacy Society Profile: mike and sharon Perkins
UD Legacy Society
Donors who name the University of Dallas in their wills, trusts, retirement plans, life insurance policies or life income gifts are included in the UD Legacy Society. Such gifts generously allow our students to focus on their education and pursue wisdom, truth and virtue, and provides for UD’s tradition of academic excellence to continue well into the future.
UD Legacy Society members Anonymous
Ms. Janet Hui MacDonald, MS ’07
Mr. and Mrs. Matt and Clare Venegas
Mr. and Mrs. David Michael Bauer, BS ’66
Mr. J. William McFarland Jr.
Mrs. Bridgett G. Wagner, BA ’81, and
Mr. Michael (Misha) E. Belcher, BA ’72
Mr. and Mrs. Daniel, BA ’91, and Kathleen
Mr. Edwin S. Bell Jr. and Mrs. Lynn Bell Mr. O.D. Cruse, BA ’61 Mr. Michael J. Dixon, BA ’85 MBA ’87 Mr. and Mrs. Michael and Mary Jo McGehee Dorn, MA ’10 Ms. Kelly Frances Fanning, BA ’92
Alumni Aim to Leave Legacy of Transformation From undergraduates to benefactors with UD named in their wills, Mike Perkins, BA ’78, and Sharon (Kapavik) Perkins, BA ’79 MA ’89, have watched their relationship with the university evolve. Once, Sharon was a first-generation student at UD on a scholarship, and Mike was a legacy student who nonetheless worked 54 hours a week to pay his way. As alumni with careers in ministry, Sharon was a graduate student at UD, teaching at the university briefly, and Mike worked in development for a time as a university employee, running a capital campaign. With three children, money was tight. They became parents of a student — their son, David Perkins, BA ’12 — then parents of an alumnus.
“You can make a gift that’s transformative at any level and leave a legacy that’s meaningful,” said Mike. Sharon added, “Wealth is also of the spirit — to not only give from our modest material means, but in and from that spirit. We have no idea how that gift will impact someone; to impact one student would be enough.” For the Perkinses, UD has shaped their family, enriching both their and their children’s lives with the education they received and the relationships they formed. It brings them great joy to bequeath this means of enriching and forming future lives and relationships.
Finally came the Perkinses’ current position as benefactors. Upon revisiting their wills, they realized that after years of hard work, they would have funds remaining. Considering where this money would have a lasting impact on the next generation, UD was an immediate choice.
23
Uhl, BA ’91 MBA ’95, Milligan Mr. and Mrs. Madison, BA ’11 MBA ’15, and Danielle Schumer, BA ’10, Milliken
Mr. J. Steven Wagner Mrs. Lely K. White Dr. Robert E. Wood Dr. Donald L. Yandell, BA ’62
Dr. Andrew Damian Moran, BA ’91
Dr. Chafic Abiraad †
Mr. Thomas J. Norman Jr. and
Mrs. Dorothy Evelyn Beyer †
Mrs. Bertha B. Norman
Mr. and Mrs. Neil and Jo Anne Campbell †
Dr. Edith Rossi Fekete
Prof. and Mrs. Lyle and Sybil Novinski
Dr. Cherie Clodfelter †
Mrs. Lisa M. Gabriel, BA ’90 MBA ’12
Mr. Vincent R. Pawlowski, BA ’85
Drs. Donald and Louise Cowan †
Mr. and Mrs. Shahul and
Mr. and Mrs. Mike, BA ’78, and Sharon
Ms. Wayne LeMay Crawford, BA ’65 †
Philomena Hameed
Kapavik, BA ’79 MA ’89, Perkins
Mrs. Margie Cruse, BA ’61 †
Dr. Cristen Hamilton, MA ’05
Mr. James C. Petzel, BA ’75
Mr. Robert H. Dedman †
Mr. and Mrs. David K. and Tricia A.
Mr. Michael Pitstick, BA ’15
Mr. and Mrs. William P. and
Hoffmann Mr. and Mrs. Todd, BA ’12, and Mary Jacobson Mr. Edward B. Janeczko Jr. and Mrs. Linda E. Janeczko Mr. and Mrs. Michael and Anne Judge, BA ’02 Mr. and Mrs. Robert, MA ’92 PhD ’95, and Annmarie Flynn, BA ’91, Kelly Mr. and Mrs. S. M. Kiegerl
Mr. John M. Posey, BA ’87 MA ’89
Dr. Lorand Fekete †
Mrs. Laura Felis Quinn, BS ’86 MBA ’18
Mr. Bernard Kim Foreman, MA ’92 †
Mr. and Mrs. Leonard C. Ruby
Mr. Patrick Haggerty †
Mr. and Mrs. Denis, BA ’91, and
Mr. James M. Lotochinski, BA ’83 †
Chrisy Ryan
Mr. Frank K. Ribelin †
Ms. Elia Abigail Santos, ’19
Mr. Archy M. Roper †
Mr. and Mrs. Philip, BA ’90 MBA ’93,
Mr. and Mrs. Charles P. and
and Fanny Baltazar, BA ’88 MBA ’91, Sheumaker
Ms. Joy Davis Kirsch, BA ’85
Dcn. and Mrs. Denis and Denise Simon
Dr. Carl Kogut, BA ’80
Dr. Megan Anne Smith, BA ’02 MBA ’19
Mrs. Estelle Tovar Lara, BA ’67 MA ’74
Ms. Sarah D. Sokora, BA ’15
Mr. and Mrs. Jerome J., BA ’60, and
Mr. Ron St. Angelo
Ann R. Lerner
Marie Esslinger †
Mr. and Mrs. Elray D. Prejean
Catherine Schulze † Rev. John Ladislaus Vincius † Msgr. Thomas W. Weinzapfel †
Mr. Jason Wu Trujillo
† Members who have passed
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
24
Adapted
Adapted
Years Ended May 31, 2020 and 2021
Years Ended May 31, 2020 and 2021
Statement of Financial Position
Statement of Activities 2020
2021
Assets
2021
$ 37,437,000
$ 37,107,000
Net Operating Revenue
Cash and cash equivalents
$ 10,557,000
$ 16,285,000
79,529,000
103,822,000
8,930,000
8,417,000
74,073,000
71,049,000
$ 173,089,000
$199,573,000
$ 20,603,000
$ 22,238,000
Other liabilities
21,220,000
15,238,000
Total liabilities
41,823,000
37,476,000
50,636,000
65,246,000
131,266,000
162,097,000
$ 173,089,000
$ 199,573,000
Investments, at fair value Other assets Property and equipment, net Total assets
Liabilities and Net Assets Notes and bonds payable
Net assets With donor restrictions Total net assets Total liabilities and net assets
Tuition and student fees Private gifts, bequests and support
3,511,000
2,903,000
Investment return for current operations
3,752,000
4,048,000
Auxiliary activities
12,569,000
15,849,000
Total net operating revenues
57,269,000
59,907,000
37,052,000
37,771,000
17,099,000
16,910,000
Operating Expenses Total compensation Other expenses
Growth in endowed giving in addition to prudent fiscal management over time has resulted in the endowment reaching a record $100M, providing a stable source of funding to support excellence for decades to come.
Interest expenses
$38,351
$40,000
$37,207
$35,348
$35,000 $26,763
$25,000 $18,858
$21,594
$20,436
$22,938
$23,173
998,000
860,000
Depreciation
4,581,000
4,450,000
Total operating expenses and losses
59,730,000
59,991,000
Increase (Decrease) in Net Assets from Operating Activity
(2,461,000) (84,000)
Grants and contracts Contributions restricted for long-term investment and property and equipment Investment return over (under) amounts appropriated for operations
$30,000
Nonoperating Change in Net Assets
Endowment Growth Per Full-time Student
$20,000
2020
$24,959
Gain on sale of property and equipment Change in fair value of interest rate swap agreement
$27,906
Net nonoperating change in net assets Increase (decrease) in net assets
$15,000
Net Assets, Beginning of Year
$10,000
Net Assets, End of Year
–
5,821,000
1,341,000 1,852,000 138,000 23,008,000 2,000
–
(682,000) 234,000 799,000
30,915,000
(1,662,000)
30,831,000
132,928,000
131,266,000
$ 131,266,000
$ 162,097,000
$5,000 $-
25
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Advancing Excellence | Annual Report
Fiscal Year June 1, 2020 - May 31, 2021
26
A UD Education Gets Results “UD students are witty, smart, mature, innovative and hardworking, making them a perfect fit for our company.” – Brianna Champion, Vistra Corp
Class of 2020 First Destinations
$51,929 average salary
98%
308
employed or in graduate school
graduates
35
industries represented
129
unique employers
UD FAST FACTS
12:1 1956 founded in
accredited by
39
student/faculty ratio
Capstone experience in every major
the southern association of colleges & Schools the association to advance collegiate schools of business
19
Average undergraduate class size
Students Who Have Won Fulbright Scholarships
9
Students Who Have Won Goldwater Scholarships