A Framework for
Strategic Planning
(2013–2018)
Joel Seligman
Report to the Faculty Senate
April 23, 2013
0
College Town
1
College Admissions Data
Admission Year:
2005
2009
2011
2012
2013
Applicants
11,293
12,111
13,672
14,786
16,119
Enrolled
High School GPA
3.56
3.72
3.81
3.81
3.80
Enrolled
Two-score SAT
1304
1330
1344
1358
1369
2
Gail Norris
3
Kathy Rideout
4
Eric Fredericksen
5
Adam Frank & Coursera
6
Rob and Dana Clark
7
Jonathan W. Friedberg
8
Michael Rotondo
9
Advancement Total Contributions
(In Millions)
$925.1
$834.1
$900.0
$800.0
$683.5
$700.0
$534.7
$600.0
$454.9
$500.0
$325.6
$400.0
$300.0
$181.8
$200.0
$100.0
$78.8
$0.0
$0.0
2005
2006
2007
2008
2009
2010
2011
2012
Mar-13
10
Faculty and Endowed Professorships
11
Progress Since the 2008 Strategic Plans Were Adopted
3,000
George Eastman Circle Membership
2,578
2,282
2,500
2,021
2,000
1,407
1,500
1,087
1,283
1,000
500
160
286
0
6/07
12/07
12/08
12/09
12/10
12/11
12/12
YTD 2013
12
Georgia Gosnell
13
Gosnell Professorships
Timothy Quill:
Gosnell Professor in
Palliative Care
Robert Panzer:
Gosnell Professor in
Quality and Safety
14
Alan Hilfiker Gift
15
Jay S. and Jeanne P. Benet
16
Joseph N. Lambert and Harold B. Schleifer
17
The Dr. Elizabeth R. McAnarney Professorship in
Pediatrics Funded by Roger and Carolyn Friedlander
Richard E. Kreipe
18
John J. Kuiper Distinguished Professor
David A. Bushinsky
19
James N. Doyle Senior
Professor in Entrepreneurship
Ronald Goettler
20
Ani and Mark Gabrellian Professor
David M. Primo
21
Saunders Family Distinguished
Professor in Neuromuscular Research
Charles A. Thornton
22
Richard and Margaret Burton Distinguished
Professorship in Orthopaedics
Edward M. Schwarz
23
Denham S. Ward
Professor in Anesthesiology
Michael P. Eaton
24
Charles E. and Dale L. Phelps Professorship
in Public Health and Policy
25
James R. Fienup
26
55th Grammy Awards - Winners
Renée Fleming
Robert Ludwig
27
Department of Orthopaedics
Regis J. O’Keefe
Edward M. Schwarz
28
A Center of Excellence
29
Women in Science, Technology,
Engineering, and Entrepreneurship
Jie Qiao
30
John DiBartolomeo
31
Ally Zywicki
32
Men’s Squash
33
Fulbright Recipients
Andre Otis
Rohini Bhatia
S. Rebekah Carpio
Anja Weinrib-Weiss
Cameron LaPoint
Jyothi Purushotham
Ankit Medhekar
34
Lani Guinier
35
MAG Centennial
36
2013 Simon NYC Conference
Reform at a Crossroad:
Economic Transformation in the Year Ahead
At the Landmark Roosevelt Hotel
37
Steven Chu
2013 College Commencement Keynote Speaker
38
Strategic Planning:
The Next Generation
39
39
Macro Changes Since 2006-2008
A. Academic Health Care
B. Sponsored Research
C. Tuition and Technology
D. Competitive Set
40
A. Academic Healthcare
FY12 Operating Revenues ($2.8B)
Educational Activities
1%
Gifts & Pledges
4%
Auxiliary Enterprises
3%
Long-Term Investment
Income
3%
Royalty Income
1%
Other
1%
Net Tuition & Fees
7%
Grants & Contracts
14%
Hospital & Faculty Practice
Patient Care Activities
66%
41
A. Academic Healthcare
Total Core Revenues and % of Core Budget Total (FY12 $ in Thousands)
College
SMD
Simon
$192,099 $189,984 $40,286
40%
39%
8%
ESM
SON
Warner
$36,714
$16,674
$9,639
8%
4%
2%
Number of Tenure-track Faculty by School & Percent of University Total
College
SMD
Simon
ESM
SON
Warner
344
808
43
86
19
24
25%
61%
3.3%
6.5%
1.4%
1.8%
42
A. Academic Healthcare
Clinical Care Income & Expenses
($ in Thousands)
FY11
FY12
Clinical Care Revenue
$ 1,810,596
$ 1,907,959
Clinical Care Expenses
1,724,925
1,797,263
Operating Margin
85,671
110,696
43
B. Sponsored Research Support
University of Rochester (In Millions)
$600
Sponsored Research
ARRA Stimulus
$500
$43.0
$400
$17.0
$3.5
$300
$200
$352
$361
$360
$389
$351
$421
$398
$348
$100
$0
FY 05
FY 06
FY 07
FY 08
FY 09
FY 10
FY 11
FY 12
44
B. Sponsored Research
National Federal Research Funding ($ in Billions)
45
C. Tuition & Technology
The Value of Higher Education Persists
46
C. Tuition & Technology
FY13 Net Tuition by School
College
SMD
Simon
ESM
60.0%
10.0%
82.0%
47.0%
Endowment
12.0
18.0
10.0
42.0
6.0
14.0
Gifts
4.0
6.0
7.0
3.0
1.0
3.0
Sponsored Research
16.0
31.0
0.0
0.0
3.0
2.0
Other Rev & Transfers
8.0
35.0
1.0
8.0
6.0
1.0
Net Tuition
SON Warner
84.0%
80.0%
47
C. Tuition & Technology
College Tuition Increases
10.0%
8.1
8.0%
6.9
5.3
6.0%
5.9
4.0%
4.0
4.25
4.0
09-10
10-11
11-12
4.5
3.9
2.0%
0.0%
05-06
06-07
07-08
08-09
12-13
13-14
48
C. Tuition & Technology
“Taxpayers cannot continue to subsidize
higher and higher and higher costs of higher
education. Colleges must do their part to
keep their costs down, and it's our job to
make sure they do.”
“I think it's important in higher education
that we get serious about the fact that the
inflation of tuition has been much faster than
inflation generally. And my view is we have to
hold down the rate of tuition increases and
fee increases in higher education.”
49
D. Competitive Set
50
D. Competitive Set
“We anticipate an ongoing
bifurcation of student
demand favoring the highest
quality and most affordable
higher education options.”
~ Moody’s Investors Service:
Higher Education Outlook for 2012
51
D. Competitive Set
Red Shift in Our Leading Peers (In Billions)
2012 Rank & Institution
1 Harvard
2012 Endowment
Market Value
Value of 10% Gain
$ 30.4
$ 3.04B
2 Yale
19.3
1.93B
4 Stanford
17.0
1.70B
5 Princeton
17.0
1.70B
9 Texas System
7.6
760M
22 Dartmouth
3.5
350M
23 Vanderbilt
3.4
340M
26 Johns Hopkins
2.6
260M
40 Rockefeller
1.7
170M
45 Rochester
1.6
160M
52
2013 U.S. News Rankings
Rank
Institution
21
University of California-Berkeley
24
University of California-Los Angeles
24
University of Virginia
29
University of Michigan-Ann Arbor
30
University of North Carolina-Chapel Hill
33
University of Rochester
53
D. Competitive Set
Total University - International Students
(Full- and Part-Time Students)
2,200
2,100
2,079
2,000
1,900
1,800
1,859
1,700
1,600
1,500
1,504
1,400
1,300
1,000
1,587
1,355
1,200
1,100
1,539
1,266
1,145
1,168
1,204
1,190
1,162
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
54
2008 Strategic Plan: Objectives
• Top 20 U.S. research university
• Growth from 8,300 students in Fall 2004 to 10,000 students in 2015
• Concomitant growth in tenured and tenure track faculty
• Residential life improvements, expanded athletic facilities, and a
substantial start on expanded College performing arts programs
• Breakthrough programs such as TEAM that link the College and Simon
• Higher quality patient care through expanded clinical care facilities
• $1 billion or more of new facilities between July 2005 and June 2016
• A sustainable significantly higher level of annual giving
• Endowment draw by FY 17 of 6.1 percent or lower, with overall target
of 5.5. percent
55
Progress Since the 2008 Strategic Plans Were Adopted
A Leading Research University - FY11 Federal R&D Expenditures
Institution
Norm Rank
$ Rank
Johns Hopkins University
1
1
California Institute of Technology
2
28
University of California-San Diego
3
8
Stanford University
4
6
Washington University in St. Louis
5
16
Duke University
6
9
University of Pittsburgh
7
5
University of Pennsylvania
8
4
University of Washington
9
2
University of Maryland, Baltimore
10
10
Massachusetts Institute of Technology
11
15
Columbia University
12
7
Georgia Institute of Technology
13
23
Yale University
14
14
University of Rochester
15
30
56
College Admissions Data
Admission Year:
2005
2009
2011
2012
2013
Applicants
11,293
12,111
13,672
14,786
16,119
Enrolled
High School GPA
3.56
3.72
3.81
3.81
3.80
Enrolled
Two-score SAT
1304
1330
1344
1358
1369
57
Progress Since the 2008 Strategic Plans Were Adopted
University Faculty Size
(Includes Faculty & Instructional Staff)
3,500
3,000
2,500
2,000
2,214
2,305
2,358
2005
2006
2007
2,417
2,418
2,481
2008
2009
2010
2,557
2,577
2011
2012
2,009
1,500
1,000
2004
58
Progress Since the 2008 Strategic Plans Were Adopted
University Enrollment
11,000
10,500
10,000
9,712
9,334
9,500
9,000
8,500
9,944
10,111
10,290
10,510
8,588
8,846
8,329
8,000
Fall 04 Fall 05 Fall 06 Fall 07 Fall 08 Fall 09 Fall 10 Fall 11 Fall 12
59
Progress Since the 2008 Strategic Plans Were Adopted
Health
Sciences
Center for
Computational
Innovation
60
Progress Since the 2008 Strategic Plans Were Adopted
$663M
in New
Facilities
61
Progress Since the 2008 Strategic Plans Were Adopted
Raymond F. LeChase Hall
62
Progress Since the 2008 Strategic Plans Were Adopted
Strengthening Residential Life
63
Progress Since the 2008 Strategic Plans Were Adopted
James P.
Wilmot
Cancer
Center
64
Progress Since the 2008 Strategic Plans Were Adopted
Full-Time Equivalent Positions
20,500
20,340
20,000
21,881
19,987
19,500
19,441
19,000
18,500
19,610
18,671
18,000
17,500
17,926
17,000
16,500
2006
2007
2008
2009
2010
2011
2012
65
Progress Since the 2008 Strategic Plans Were Adopted
University Endowment Draw
Percent of Five-Year Average
FY 00 FY 05 FY 07 FY 09 FY 10 FY 11 FY 12 FY 13
6.9% 6.5% 6.6% 6.6% 5.7% 5.8% 5.9% 5.9%
66
Long-Term Debt
(In Millions)
$1,050.0
$900.0
$874.2
$750.0
$600.0
$773.0
$683.0
$643.7
$928.2
$745.9
$450.0
$300.0
$150.0
$0.0
2008
2009
2010
2011
2013
2013
67
Progress Since the 2008 Strategic Plans Were Adopted
Endowment & Similar Funds (In Billions)
$2.00
$1.73
$1.50
$1.37
$1.73
$1.62
$1.49
$1.31
$1.58
$1.68
$1.37
$1.00
$0.50
$0.00
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
68
US Higher Education Outlook Negative in 2013
“For 2013, Moody’s revises its outlook
for the entire US higher education
sector to negative, marking a shift to
negative from stable for even the
sector’s market leading diversified
colleges and universities.”
~ Moody’s Investors Service:
Higher Education Outlook for 2012
69
Long Term Demand for Higher Education
and Research Discoveries
“Despite ... challenging business
conditions, the long term
demand ... remains strong and we
anticipate the large majority of
rated organizations will continue
to have a stable outlook.”
70
Framing the 2013-2018 Strategic Plan
A. Continuity
B. Responding to a
Changed
Environment
C. Building on Strength
71
Golisano Children’s Hospital
72
Framing the AS&E 2013-2018 Strategic Plan
73
Framing the Simon 2013-2018 Strategic Plan
74
Framing the Medical Center 2013-2018 Strategic Plan
75
Framing the Eastman 2013-2018 Strategic Plan
76
Framing the Warner 2013-2018 Strategic Plan
77
78