EXPANDING OUR SCOPE
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
EXECUTIVE COUNCIL
TRUSTEES
OF THE UNIVERSITY
John A. Fry
President
Domenic Ceccanecchio
Vice President, Public Safety
Mark L. Greenberg, PhD
Provost and Senior Vice
President, Academic Affairs
Jeff Eberly
Vice President, Finance and
Associate Treasurer, Drexel
University, and Associate
Dean, Financial Affairs,
College of Medicine
Susan C. Aldridge, PhD
Senior Vice President,
Online Learning and
President, Drexel e-Learning
Helen Y. Bowman
Senior Vice President,
Finance, Treasurer and CFO
Lori N. Doyle
Senior Vice President,
University Communications
Rose Martinelli
Interim Senior Vice President,
Enrollment Management
Keith A. Orris
Senior Vice President,
Corporate Relations and
Economic Development
Daniel V. Schidlow, MD
Dean and Senior Vice
President, Medical Affairs,
College of Medicine
Louis Bellardine
Vice President,
Human Resources
John A. Bielec, PhD
Vice President, Information
Resources and Technology
Amy A. Bosio
Vice President, Financial
Planning and Student
Financial Services
Ana Diez Roux, MD, PhD
Dean, School of Public Health
Gloria F. Donnelly, PhD
Dean, College of Nursing
and Health Professions
Edward G. Longazel
Vice President and Chief
Compliance and Privacy
Officer
David E. Fenske, PhD
Dean, College of Computing
and Informatics
Services
Catherine Ulozas
Vice President, Investments
David E. Wilson
Vice President, Government
and Community Relations
John Zabinski
Vice President,
Institutional Advancement,
College of Medicine
Janice Biros, EdD
Senior Vice Provost, Budget,
Planning, Administration
Deborah Crawford, PhD
Senior Vice Provost, Research
James R. Tucker
Senior Vice President, Student N. John DiNardo, PhD
Senior Vice Provost,
Life and Administrative
Academic Affairs
Services
George W. Gephart Jr.
President and Chief Executive
Officer, Academy of Natural
Sciences of Drexel University
Roger J. Dennis, JD
Dean, School of Law
Robert Francis, EdD
Vice President,
University Facilities
Rosalind Remer, PhD
Michael J. Exler, JD
Vice President and Executive
Senior Vice President, General Director, Office of the
Counsel and Board Secretary
President
Peter Frisko
James Seaman, PhD
Interim Senior Vice President, Vice President, Internal Audit
Institutional Advancement
and Management Consulting
Brian T. Keech
Senior Vice President,
Government and Community
Relations
Donna DeCarolis, PhD
Dean, Close School of
Entrepreneurship
Peter J. Franks
Vice Provost, Career Education
Mark Freeman, PhD
Vice Provost,
Institutional Research,
Assessment and Effectiveness
Janet Fleetwood, PhD
Vice Provost, Strategic
Development and Initiatives
Lucy Kerman, PhD
Vice Provost, University and
Community Partnerships
Julie Mostov, PhD
Vice Provost,
Global Initiatives
Joseph Hughes, PhD
Dean, College of Engineering
D.B. Jones, PhD
Dean, Pennoni
Honors College
Frank Linnehan, PhD
Dean, LeBow College
of Business
William F. Lynch, PhD
Dean, School of Education,
and Interim Dean,
Goodwin College of
Professional Studies
Donna Murasko, PhD
Dean, College of Arts
and Sciences
Allen Sabinson
Dean, Westphal College of
Media Arts & Design
Banu Onaral, PhD
Director, School of
Biomedical Engineering,
Science, and Health Systems
Mary Moran, MD
Vice Dean, Faculty Affairs
and Professional Development,
College of Medicine
Claire Tillman
Associate Dean for
Administration, Chief of Staff,
College of Medicine
Danuta Nitecki, PhD
Dean, University Libraries
David A. Ruth, PhD
Dean of Students
Ludo Scheffer, PhD
Chair, Faculty Senate
David Flood, PhD
Ombuds
Eric Zillmer, PsyD
Athletic Director
Renee J. Amoore
Paul (Mel) Baiada ’82, ’85
Sally J. Bellet, Esq.
Gregory S. Bentley
Carl M. Buchholz, Esq.
Robert R. Buckley ’58, HD ’12
Randall S. Burkert ’82
R. John Chapel ’67
Hon. Ida K. Chen
Kathleen P. Chimicles ’83
Abbie Dean ’07
Nicholas DeBenedictis ’68, ’69, HD ’87
Richard J. DePiano ’64
Gerianne Tringali DiPiano
Domenic M. DiPiero III
Robert J. Drummond ’66
Brian R. Ford
John A. Fry**
Sean J. Gallagher ’93
Richard A. Greenawalt ’66*
Richard A. Hayne
Cynthia P. Heckscher
Mary R. (Nina) Henderson ’72
Richard C. Ill ’73
Patricia H. Imbesi ’69
Joseph H. Jacovini, Esq., HD ’04
Alan C. Kessler, Esq.
Thomas R. Kline, Esq.
Joel M. Koppelman ’70
J. Michael Lawrie ’77
Raphael C. Lee ’75
Robert J. Lewis
Robert J. Mongeluzzi, Esq.
Denis P. O’Brien ’87
C.R. (Chuck) Pennoni ’63, ’66, HD ’92
D. Howard Pierce ’71
Charles P. Pizzi
Robert F. Powelson
Michael A. Rashid
William T. Schleyer ’73, HD ’06
Nicholas S. Schorsch
Stephen A. Sheller, Esq.
Stanley W. Silverman ’69, ’74
Manuel N. Stamatakis, HD ’05
Ira M. Taffer ’79, ’83
Charles K. Valutas ’73
Michael J. Williams ’80, ’83
*Chairman
**President
PRESIDENT’S MESSAGE
A
CONTENTS
2 STUDENTS
STUDENT SNAPSHOT
4 ACADEMICS
AND RESOURCES
FACULTY
ACADEMIC
ENTERPRISE
LEARNING SPACES
8 EXPERIENTIAL LEARNING AND
STUDENT LIFE
THE DREXEL CO-OP
STUDENT SERVICES
AND ENGAGEMENT
12 RESEARCH
AND INNOVATION
RESEARCH
ENTERPRISE
TECHNOLOGY
COMMERCIALIZATION
GLOBAL
PARTNERSHIPS
16 LOCAL IMPACT
CIVIC ENGAGEMENT
ECONOMIC
DEVELOPMENT
NEIGHBORHOOD INITIATIVES
18 SUPPORT
AND FINANCES
CAMPAIGN AND
FUNDRAISING
CORPORATE AND FOUNDATION SUPPORT
ALUMNI PROFILE
FINANCIALS
n annual report is by nature a chronicle of change. What
makes me especially proud of Drexel is that our biggest
transformations flow from the constants of our institutional
character, the things that have made Drexel unique for well
over a century.
Drexel students are self-directed, ambitious and intent on
gaining real-world experience as a pathway to leadership.
We’re helping them build on those traits through a Universitywide focus on entrepreneurship, most directly manifested in
the new Charles D. Close School of Entrepreneurship.
Our innovative, engaged faculty are focused on impact. We
continue to foster their work through new interdisciplinary
research institutes in fields like energy and the environment
and cybersecurity. We’ve also developed new vehicles like
Drexel Ventures to leverage the clinical and commercial
potential of Drexel-created technologies.
The advantages and challenges of being an urban university
are part of Drexel’s core, and we’re helping strengthen nearby
neighborhoods that have been too often neglected. Our
strategy includes not just robust collaborative initiatives like
the Dornsife Center for Neighborhood Partnerships, but a hard
look at how Drexel affects the community through operations
like student housing. At the same time, we’re developing
12-plus acres of underutilized land near Amtrak 30th Street
Station into an “Innovation Neighborhood” that will help put
Philadelphia on an equal footing with the nation’s best
technology commercialization centers.
Even as we celebrate our achievements, a relentless drive for
excellence and relevance is also part of Drexel’s DNA. We face
rising challenges like increasing the affordability of a Drexel
education while continuing to invest in academic quality and
student aid and retention. Fortunately, our culture of
innovation and collaboration is ideally suited to meeting any
challenge, and I look forward to what we will accomplish
together as an institution.
Sincerely,
John A. Fry
President
ONLINE:
drexel.edu/Report2013
STUDENTS
At the center of everything Drexel does is
one fundamental relationship, between the
University and our students. Their talents inspire
us; their educational needs drive our decisions.
0.0
13620
MEDICINE
26,132 STUDENTS
27000
26,132
UP 21.3% SINCE 2008
21,537
27000
18000
Total students
online
part-time
undergraduate
full-time
Total students
9000
9000
2008
0
2013
16,616 undergraduate
8,041 graduate
1,475 professional
6810
apps for new class
2008
0
2013
LAW
2 0,945 traditional classroom
5,187 Drexel University Online
143 FIRST-YEAR LAW STUDENTS
FROM 22 STATES
STUDENT SNAPSHOT
0
43945.0
FALL 2013
FIRST-YEAR STUDENTS
SCHOLARS
7 FULBRIGHT SCHOLARS
43,945
21972.5
HIGH SCHOOL
MOST IN DREXEL HISTORY
43945.0
33% IN TOP 10% OF CLASS
61% IN TOP QUARTER
apps AVERAGE
for new class GPA
3.45
4 GOLDWATER SCHOLARS
apps for
new class
13%
UNDERREPRESENTED
MINORITY STUDENTS
MOST IN THE NATION
WITH ALL FOUR DREXEL NOMINEES RECOGNIZED FOR THE FIRST TIME
9 INSTITUTE OF ELECTRICAL AND
ELECTRONICS ENGINEERS POWER
AND ENERGY SOCIETY SCHOLARS
21972.5
21,454
0.0
2008
2013
43,945
APPLICATIONS
0.0
13,620
APPLICATIONS
traditional classroom
1 8,909 full-time
7,223 part-time
A RECORD
FIRST COHORT UNDER NEW PARTNERSHIP WITH KAISER PERMANENTE
graduate
18000
12,005
259
NEW MEDICAL
STUDENTS
12 STUDENTS IN
CLINICAL ROTATIONS IN
NORTHERN CALIFORNIA
professional
13,620
13620
FOR A CLASS OF 3,039
195 LIBERTY SCHOLARS
UP FROM 10% IN 2012
PHILADELPHIA HIGH SCHOOL GRADUATES WITH ECONOMIC
NEED OFFERED FULL TUITION AND FEES TO ATTEND DREXEL
18% INTERNATIONAL
UP FROM 14% IN 2012
FROM
LIBERTY SCHOLARS ON CAMPUS:
20102011 2012 2013
S
INENT
T
6 CON
50 100150195
13620
MILITARY
635 VETERAN STUDENTS
6810
apps for newINSTITUTIONAL
class
94% RECEIVED
GRANTS OR SCHOLARSHIPS
NAMED A “MILITARY FRIENDLY SCHOOL”
FIVE YEARS IN A ROW BY VICTORY MEDIA
6810
apps for new class
0
2
STUDENTS
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
3
ACADEMICS
AND RESOURCES
Drexel continues to build new intellectual and
educational capacity that inspires our teaching
and scholarship. We call that work “Transforming
the Modern Urban University.”
ACADEMIC ENTERPRISE
867
1,525
2013
FULL-TIME FACULTY
2008
FACULTY
CLOSE SCHOOL OF ENTREPRENEURSHIP
•Integrating innovation into
curricula University-wide
•Developing residential and co-op
programming around entrepreneurship
•Creating new degree programs
100 NEW TENURE-TRACK
RESEARCH FACULTY LINES BEING CREATED BY 2017
“As we apply
knowledge and skill
to solve problems
that beset humanity,
that’s what we call
‘Thinking Forward.’”
Mark L. Greenberg,
Drexel’s provost, leads a
faculty that strives to
connect its work to
real-world challenges.
Every day is a new
opportunity for Drexel
University to find viable
solutions to society’s
greatest problems.
The University’s
best and
brightest join in
unique collaboration to destroy
boundaries, blaze
new paths and
give legs to
new ideas.
5 NEW NATIONAL
SCIENCE FOUNDATION
CAREER AWARDS
RECOGNIZING JUNIOR FACULTY
(ESPECIALLY WOMEN AND MINORITIES) FOR
OUTSTANDING TEACHING AND RESEARCH
ANDREA FORTE,
COLLEGE OF COMPUTING & INFORMATICS, for
a project on design of participatory information environments to allow assessment
of information quality and encourage
contributions
5 NEW
ACADEMIC
UNITS
RACHEL GREENSTADT,
COLLEGE OF ENGINEERING, for work focusing
on Internet privacy and the rise of big data
by the quality and
capacity and the
excellence of your
faculty.”
John A. Fry, Drexel’s
president, knows that
Drexel relies for its
reputation on its
faculty — who are
experts in their fields
and consistently
excellent in research,
teaching and service.
Drexel continues to
attract new talent with an
entrepreneurialminded, real-world focus
who add a new dimension
to an already robust
faculty body.
JENNIFER RODE,
COLLEGE OF COMPUTING & INFORMATICS, for
a project on gender-equity issues in the
design of human-computer interaction
CENTER FOR HOSPITALITY AND SPORT MANAGEMENT
•Reflects growing importance of tourism and
leisure locally and nationally
•Expresses Drexel’s commitment to economic impact
ALEKSANDRA SARCEVIC,
COLLEGE OF COMPUTING & INFORMATICS,
for an investigation into how to develop
real-time information displays supporting
fast-response, interdisciplinary
medical teams
4 COMMUNITY
COLLEGE NETWORK SITES
ACADEMICS AND RESOURCES
BURLINGTON COUNTY COLLEGE
Northampton
Community College
DELAWARE COUNTY COMMUNITY COLLEGE
MONTGOMERY COUNTY COMMUNITY COLLEGE
Montgomery County
Community College
Delaware County
Community College
PENNSYLVANIA
Main Campus,
Philadelphia
4
SCHOOL OF ECONOMICS
•In LeBow College of Business
•Faculty leaders in international trade, industrial
economics and more
•New MS and BA programs
GRADUATE SCHOOL OF BIOMEDICAL SCIENCES
AND PROFESSIONAL STUDIES
•In College of Medicine
•Innovative, cross-disciplinary masters, PhD
and certificate programs
•Builds on history of excellence in scientific
training programs
M. ANI HSIEH,
COLLEGE OF ENGINEERING, for research into
how fluid dynamics affect unmanned
underwater robotic vehicles
“You are known
“Just imagine you create
something, and some
student is being helped
by it. It’s been a great
experience. And it’s been
very impactful to me.”
COLLEGE OF COMPUTING & INFORMATICS
•Leveraging and aligning
University-wide strengths
•Uniting programs from three colleges
•11 NSF CAREER award recipients
Burlington
County
Community
College
NORTHAMPTON COMMUNITY COLLEGE
That’s what Christopher Gray
told USA Today about the experience of developing Scholly,
his mobile app for scholarship searches that has been
downloaded more than 40,000
times since its launch. As part
of Drexel’s groundbreaking
entrepreneurship co-op
through the Close School
of Entrepreneurship, Gray
received funding, mentorship and space in the Baiada
Institute for Entrepreneurship
to further develop Scholly.
The app lets high school
and college students easily
search for scholarships they
didn’t even know they could
apply for, which is something
Gray wished he could have
used when he found $1.3
million in scholarship money
in high school. Now the junior
business student with an entrepreneurship concentration
is using the skills he developed
at Drexel to build his startup.
Scholly was named one of the
top 20 local up-and-coming
startups by Philadelphia
magazine and has received
notice from Forbes, U.S.
News & World Report, The
Philadelphia Inquirer and local
television and radio.
NEW JERSEY
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
5
LEARNING SPACES
Drexel continues to define a new set of intellectual
and physical environments that inspire our scholarship, service and innovation. We call that work
“Transforming the Modern Urban University.”
2 MAJOR
LEARNING,
TEACHING AND
RESEARCH
RESOURCES
GERRI C. LEBOW HALL,
HOME TO LEBOW COLLEGE OF BUSINESS
•Opened October 2013
•$92 million project
inspired by Bennett S. LeBow’s
$45 million gift
•12 stories, 177,500 square feet,
15 new classrooms
4 NEW
OR
RENOVATED
ACADEMIC
CENTERS
ExCITe CENTER, for high-tech
collaborations between STEM
disciplines and the arts and design
RESEARCH COMPUTING CO-LOCATION
CENTER, providing high-power
resources for investigators
STRATTON HALL, NEW HOME FOR
PSYCHOLOGY DEPARTMENT
•Renovations completed in
November 2013
•Psychology Department faculty in
a single location for the first time
•Heart of collaborative research
featuring Arts and Sciences,
Medicine and more
THREE PARKWAY, NEW CENTER CITY
SPACE FOR COLLEGE OF NURSING AND
HEALTH PROFESSIONS
•186,000 square feet (five stories
of 20-story tower)
•Research, instructional and
administrative space
•Expands Drexel’s presence on
Benjamin Franklin Parkway
(begun with Academy of Natural
Sciences merger)
NESBITT HALL, NEW HOME FOR SCHOOL
OF PUBLIC HEALTH
•Renovations completed in
December 2013
•Faculty and students moved to
University City Campus
•Project funded by Drexel and
Pennsylvania’s Campus Energy
Efficiency Fund
Music Hack Day, ExCITe Center
6
ACADEMICS AND RESOURCES
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
7
EXPERIENTIAL
LEARNING AND
STUDENT LIFE
At Drexel, classroom learning builds on a
foundation of on-campus enrichment and real-world
professional experience. Our attention to those
areas is what sets a Drexel education apart.
97.6% SUCCESS RATE FOR STUDENTS
SEEKING CO-OP EMPLOYMENT
$1MILLION IN STIPENDS
“I’m really glad I
did it, because I was
surrounded by artistic
individuals who looked at
design with an entirely
different eye, giving me
a different perspective
on the way I created
things.”
Rachel Young, a 2013
graduate, thanks Drexel’s
Westphal College of Media
Arts & Design for the
tools she needed to qualify
for a co-op with Marvel
Entertainment, the comic
book creators behind
Spider-Man and Ironman.
She said of her training
at Westphal: “The program
teaches you everything —
the design parts and the
programming parts — and
then lets you decide which
path you want to follow.”
FOR NONTRADITIONAL CO-OP OPTIONS INCLUDING INTERNATIONAL,
RESEARCH, NONPROFIT AND ENTREPRENEURIAL EXPERIENCES
2008-091,342
NT
S
ES
DE
TRI
UN
2007-081,310
2007-082364
2009-101,410
2008-092589
2010-111,420
2009-103383
2011-121,503
2012-131,650
“Connecting the
culture from the United
States and the culture
from Asia was really
interesting, and helped
me understand how
people did business.”
STU
IN 2012-13
CO
5,261 CO-OP PLACEMENTS
INTERNATIONAL
CO-OP
EM
P
U.S.
CO-OP
LO
YER
S
THE DREXEL CO-OP
Will Heyman wanted an
international experience
before he graduated,
and was able to travel to
Malaysia for six months of
professional experience
at a digital marketing
company in Kuala Lumpur.
Heyman, a senior communication major focusing
on corporate public
relations, worked closely
with Drexel’s Steinbright
Career Development
Center to make his co-op
experience happen. He
received funding from the
Freeman Foundation, which
partners with Drexel to
support undergraduate co-ops in East and
Southeast Asia.
2010-1136106
2011-1240121
2012-1349161
= 20 students
STUDENT:
90.2%
73.3%
“co-op met or exceeded
my expectations”
“would return to employer for
another co-op or full-time position”
88.2%
“found co-op relevant to
my career objectives”
EMPLOYER:
87.3%
“would consider my co-op
student for full-time position”
94.7%
“found student academic
preparation oriented to my needs”
82.6%
“rated student performance
as good or excellent”
8
EXPERIENTIAL LEARNING AND STUDENT LIFE
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
9
STUDENT SERVICES AND ENGAGEMENT
STUDENT ORGANIZATIONS
6,949 students in 345 orgs, 33 new for 2013
“There are over 300
student organizations
at Drexel — cultural
organizations,
organizations that pertain
to certain majors, general
interest organizations.
Really, whatever your
interest is, there’s a club
for it, and if there isn’t
then it’s super-easy to
start one. ”
STUDENT HEALTH CENTER
10,032 visits
COUNSELING CENTER
1,443 students seen, 124 workshops hosted
INTERNATIONAL STUDENTS AND SCHOLARS SERVICES
3,530 students
from
115 nations
4,606
STUDENTS
942,000 SQ. FT.
OF NEW
HOUSING AND
RETAIL
CHESTNUT SQUARE
•Developed and operated by American
Campus Communities (ACC)
•$97 million, 19-story,
361,000-square-foot project
•Residential tower for 860 students
•Street-level retail including restaurants,
art supply, banking, new bookstore space
LANCASTER AVENUE AND 34TH STREET
•Next partnership with ACC, ground
broken November 2013, opening fall 2015
•$170 million, 581,000-square-foot,
24-story project, largest in Drexel and
ACC histories
•Apartments and suites for
1,300 students
•20,000 square feet retail anchoring
revitalized Lancaster Avenue corridor
2 NEW
STATE-OF-THE-ART
CENTERS SERVING
STUDENTS
IN ON-CAMPUS HOUSING
FOR RESIDENT SATISFACTION (EBI SURVEY)
3 CHAMPIONSHIP
FIRSTS
FOR DREXEL
ATHLETICS
EXPERIENTIAL LEARNING AND STUDENT LIFE
•Women’s basketball wins WNIT
Championship, first national postseason
championship for a Philadelphia
Division I women’s team
•Drexel crew wins Aberdeen
Dad Vail Regatta team title, plus men’s
points trophy and varsity eight gold
•Men’s soccer wins first-ever CAA tournament
championship, makes consecutive NCAA
tournaments for first time
DREXEL CENTRAL
•A “one-stop” customer service center
for registration and financial questions,
in person, by phone or online
STUDENT HEALTH CENTER
•A state-of-the-art physician practice
serving Drexel students and employees
PATH TO THE WNIT
CHAMPIONSHIP
10
RESIDENT
ASSISTANTS
RANKED TOP 10%
NATIONALLY
Taylor Collins ’15, a College
of Nursing and Health
Professions student,
serves as student government vice president and
also chairs the Recognition
Committee that helps students establish new organizations. Drexel’s comprehensive and award-winning
Student Affairs program is
overseen by a professional
staff of 83 working with
more than 500 interns and
students. From residential
living to campus activities,
from counseling to tutoring
to student health, from
athletics to fraternity and
sorority life to international
scholar support, Student
Affairs creates a winning
experience for students.
MARCH 21, 2013
DREXEL 59, IONA 50
DASKALAKIS ATHLETIC CENTER (DAC),
PHILADELPHIA
MARCH 23, 2013
DREXEL 82, HARVARD 72
DAC, PHILADELPHIA
MARCH 30, 2013
MARCH 28, 2013
DREXEL 50, BOWLING GREEN 47 DREXEL 56, AUBURN 43
AUBURN ARENA, AUBURN, ALA.
STROH CENTER,
BOWLING GREEN, OHIO
APRIL 3, 2013
DREXEL 67, FLORIDA 57
DAC, PHILADELPHIA
APRIL 6, 2013
DREXEL 46, UTAH 43
DAC, PHILADELPHIA
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
11
RESEARCH AND
INNOVATION
Universities represent the nexus of the forces—
education, collaboration and discovery—necessary
to meet the challenges facing society. Drexel has
made it a strategic priority to harness those forces
to improve quality of life for all.
RESEARCH ENTERPRISE
Y
TR
US
IND
$111 MILLION
IN RESEARCH
EXPENDITURES
©Ted Daeschler/
Academy of Natural Sciences/VIREO
STA
TE
AN
DL
OC
AL
PRIVATE
A
N
D
FOUNDA
TIONS
200 YEARS
4 A.J. DREXEL INSTITUTES
200
2
FEDERAL
FOSTERING CROSS-DISCIPLINARY RESEARCH IN CRITICAL AREAS
200
A.J. DREXEL PLASMA INSTITUTE
201
A.J. DREXEL NANOMATERIALS INSTITUTE
3
2
201
3
CELEBRATED AT THE
ACADEMY OF NATURAL
SCIENCES OF DREXEL
UNIVERSITY
A.J. DREXEL AUTISM INSTITUTE
A.J. DREXEL INSTITUTE FOR ENERGY AND THE ENVIRONMENT
RESEARCH FUNDING BY SOURCE
FEDERAL............... $88.5M
PRIVATE AND
FOUNDATIONS ..... $10.5M
“We think of it as
irreversibly destroying the
virus. That aspect makes
it unique. We don’t want to
render the virus simply
un-infectious. We want to
irreversibly destroy it.”
Cameron Abrams of Drexel’s
College of Engineering and
Irwin Chaiken of the College of
Medicine are working on novel
approaches to the treatment
of AIDS. The researchers
have designed a new molecule
called DAVEI that attaches
itself to the AIDS virus and
triggers its destruction. The
molecule is one of a number
of promising compounds
designed to inactivate HIV that
the investigators are exploring with a $1.1 million National
Institutes of Health grant.
STATE AND
LOCAL.................... $7.5M
INDUSTRY.............. $4.6M
The DAVEI molecule is
comprised of two main
pieces: Membrane Proximal
External Region, which
attaches to the viral membranes, and cyanovarin,
which binds to the sugar
coating of the virus’s protein
spike. Once DAVEI attaches
to HIV, the virus is fooled
into thinking it is bound
to its human cell target,
and it releases its infectious
payload harmlessly.
30 PROJECTS
LICENSED OR UNDER DEVELOPMENT VIA COULTER
FOUNDATION RESEARCH PARTNERSHIP; EXAMPLES INCLUDE:
•The Belly Band project, which provides comfortable
wireless monitoring for women in labor utilizing
integration of electronics into fabric in new ways
•A tumor margin detection project, licensed to
MarginSurgical, that allows surgeons to assess in
the operating room whether tumors have been
completely removed.
1,400 RESEARCH PROJECTS
INVOLVING HUMAN SUBJECTS
NOW OPERATING UNDER FULL AAHRPP ACCREDITATION, INDICATING THE
HIGHEST STANDARDS OF HUMAN SUBJECT PROTECTION IN CLINICAL RESEARCH
12
RESEARCH AND INNOVATION
“How do we take
advantage of these great
opportunities for us to
kick the tires of our
robots? That is something
that we want to continue
doing.”
Paul Oh of the College of
Engineering was speaking
about the work of a Drexelled team that joined 17 others
from around the world in the
DARPA Robotics Challenge, a
first-of-its-kind event showcasing the current state of
disaster-response robotics.
Drexel’s HUBO robot was
literally put to the test with
tasks ranging from driving
a utility vehicle to climbing
a ladder. HUBO didn’t win
this challenge, but robotics
research continues at Drexel
to ensure the University
remains a leader in the field.
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
13
invention
licensing
TECHNOLOGY
0 0
150150
300300
COMMERCIALIZATION
450450
GLOBAL PARTNERSHIPS
Patent
2003-05
24 HEBREW UNIVERSITY
RESEARCHERS JOINING CHILDREN’S
HOSPITAL OF PHILADELPHIA AND
DREXEL INVESTIGATORS
2011-13
Inventions
0
150
450
invention
424
AT A SYMPOSIUM TO BRAINSTORM PEDIATRIC RESEARCH BREAKTHROUGHS
16
Patents
109
150
300
424 INVENTIONS,
109 U.S. PATENTS
17
73
0
SINCE 2011
150
0
450
CELEBRATING ONE YEAR OF PARTNERSHIP WITH THE SHANGHAI ADVANCED RESEARCH INSTITUTE
up
450startlicensing
300
73 COMMERCIALIZATION
AGREEMENTS
INCLUDING
6
Startups
100 RESEARCHERS FROM ASIA,
EUROPE AND THE U.S. AT THE FIRST
DREXEL-SARI INTERNATIONAL
SYMPOSIUM IN SHANGHAI
Patent
0
Licensing
Agreements
300
152
14
HIGHLIGHTS OF INTERNATIONAL UNIVERSITY PARTNERSHIPS
14 STARTUP
COMPANIES
300
450
150
BASED ON DREXEL TECHNOLOGIES
MIDDLESEX
UNIVERSITY,
LONDON
UNIVERSITY
OF LEEDS
UNIVERSITY
OF SHEFFIELD
Patent
0
$400,000
0
IN INAUGURAL PROOF-OF-CONCEPT
FUNDING FROM
DREXEL VENTURES
FOR:
0
0
• Thin-film photovoltaic materials, developed by Jonathan
Spanier
Engineering, could improve
150 of the College of300
450 solar
energy performance
start up
•A new drug therapy for Parkinson’s disease, led by
Sandhya Kortagere of the College of Medicine, aims to invention
eliminate side effects
150
300
450
•“Plasma acid,” a project of Alex Fridman and Alex
Rabinovich of the A.J. Drexel Plasma Institute, may
lead to a less environmentally harmful way to extract
oil from the ground
•A150
system that monitors
software component
interac300
450
tion, by Yuanfang Cai of the College of Computing and
Informatics, will lead to more stability as programs are
150
300
450
developed and change over time
UK
PAUL SABATIER
UNIVERSITY,
TOULOUSE
FRENCH SCHOOL OF
ADVANCED STUDIES
IN PUBLIC HEALTH
(EHESP), PARIS
FRANCE
POLITECNICO DE MADRID
SPAIN
RUHR UNIVERSITY, BOCHUM
MAX PLANCK INSTITUTES
HUMBOLDT UNIVERSITY,
BERLIN
TECHNICAL UNIVERSITY
OF ILMENAU
GERMANY
UNIVERSITÀ IUAV, VENICE KOÇ UNIVERSITY, ISTANBUL
POLITECNICO DI MILANO, BOGAZIÇI UNIVERSITY, ISTANBUL
MILAN
SABANCI UNIVERSITY, ISTANBUL
ITALY
MIDDLE EAST TECHNICAL UNIVERSITY (METU), ANKARA
TURKEY
ISRAEL
HEBREW UNIVERSITY OF JERUSALEM
ISRAEL INSTITUTE OF TECHNOLOGY
(THE TECHNION), HAIFA
BEN GURION UNIVERSITY OF THE NEGEV,
BEERSHEBA
THE GAMBIA
COST PER
INVENTION
IN TERMS OF RESEARCH FUNDING
UNIVERSITY OF THE
GAMBIA, SERE KUNDA
start up
$0.95M
BRAZIL
DREXEL
CHILE
$2.9M
PONTIFÍCIA UNIVERSIDAD
CATÓLICA DE CHILE,
SANTIAGO
CLOSEST PEER
Patent
PONTIFÍCIA UNIVERSIDADE CATÓLICA DO
RIO DE JANEIRO
OSWALDO CRUZ FOUNDATION
(FIOCRUZ), RIO DE JANEIRO
UNIVERSIDADE FEDERAL
DE SANTA CATARINA
UNIVERSITY OF SÃO PAULO
CHINA
SHANGHAI JIAO TONG
UNIVERSITY
TSINGHUA UNIVERSITY,
BEIJING
NANKAI UNIVERSITY, TIANJIN
SHANGHAI ADVANCED
RESEARCH INSTITUTE OF THE
CHINESE ACADEMY OF SCIENCE
“Sometimes you’re pushed
by people who come with
a different perspective
from a different place. It
forces everybody to break
down the disciplinary
boundaries.”
Julie Mostov, vice provost
for global initiatives, was
talking about the potential
inherent in the joint research agreement signed
by Drexel, The Children’s
Hospital of Philadelphia (CHOP)
and Hebrew University of
Jerusalem in November,
to collaborate on pediatric
translational research. Each
institution acknowledges a duty
to help meet the challenges
facing society, and this
collaboration recognizes
that extraordinary scientific
achievement depends on
combining the strengths of
different institutions. Drexel
brings its Coulter Foundationsupported expertise in
translational research to
the relationship; Hebrew
University’s School of Pharmacy
is a leader in drug delivery
research; and CHOP is the
number one pediatric medical
institution in the nation and a
pioneer in pediatric genomics.
UGANDA
MAKERERE UNIVERSITY, KAMPALAS
ZAMBIA
UNIVERSITY OF ZAMBIA
AUSTRALIA
UNIVERSITY OF SYDNEY
14
0
RESEARCH AND INNOVATION
0
150
150
300
300
450
450
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
15
LOCAL IMPACT
Drexel owes much of our unique character to our
urban location, and we repay the debt through
partnerships, service and economic impact that
build a stronger neighborhood and city. Drexel is
in Philadelphia, of Philadelphia and for Philadelphia.
ECONOMIC
DEVELOPMENT
CIVIC ENGAGEMENT
“Rather than bringing
our neighbors to campus,
or bringing education
and services to Powelton
Village and Mantua as
visitors, Drexel will stand
alongside residents in an
inspiring, inviting facility
open to all.”
Lucy Kerman, Drexel’s vice
provost for university and
community partnerships, is
leading the effort to grow
the Dana and David Dornsife
Center for Neighborhood
Partnerships. The Dornsife
Center is an urban extension center in the tradition
of the land-grant
universities’
programs that
brought services
and partnership to
rural areas. It’s a
place to apply and
deepen University
expertise in
collaboration with
neighbors. In its first year,
while its 1.3-acre West
Philadelphia site is still being
renovated, the center has
already launched programs
in community lawyering
(criminal records expungement, estate planning),
financial services (literacy
workshops, tax preparation), employment assistance
(Neighborhood Job Spot,
offering job-ready skills) and
information technology (a
KEYSPOT digital literacy lab).
16
LOCAL IMPACT
75+ GRASSROOTS
SERVICE PROJECTS
BEGUN OR MANAGED
BY STUDENTS AND EMPLOYEES
$2.2 BILLION
ESTIMATED ANNUAL
ECONOMIC IMPACT
100%
OF FRESHMEN
PARTICIPATING IN THE CORE CIVIC ENGAGEMENT
COMPONENT OF DREXEL’S CURRICULUM
FROM THE INNOVATION NEIGHBORHOOD,
DREXEL’S RESEARCH-DRIVEN MIXED-USE DEVELOPMENT
ON 12 ACRES IN THE HEART OF PHILADELPHIA
74 PHILADELPHIA
STARTUPS
(AND 125+ OVERALL) LAUNCHED VIA DREAMIT VENTURES,
NOW HEADQUARTERED IN INNOVATION CENTER AT 3401,
A PARTNERSHIP OF DREXEL AND UNIVERSITY CITY SCIENCE CENTER
75+ ACRES OF
POTENTIAL AT
30TH STREET STATION
WHERE DREXEL IS PARTNERING WITH AMTRAK AND
BRANDYWINE REALTY TRUST ON A JOINT MASTER PLANNING
STUDY INCLUDING THE RAIL YARDS
Mantua Gardens
“The ways that we
all rediscover that
fundamental part of
ourselves are through
the relationships with one
another and sometimes
through our own selfexpression.”
Sister Mary Scullion is the
co-founder of Project HOME,
a nonprofit organization
committed to ending homelessness in Philadelphia and
a partner in Drexel’s broad
community service efforts.
Project HOME residents
created their own works
of art and Drexel students
developed an exhibition and
sale. The collaboration was
a classic, hands-on example
of Drexel’s commitment to
civic engagement.
$28+ MILLION
IN LIFETIME GIFTS
FROM THE LATE PHIL LINDY
•The Lindy Scholars program, matching West
Philadelphia students with Drexel mentors
and other support throughout middle and
high school years
•The Lindy Center for Civic Engagement,
helping students find service opportunities
and connecting service and academics
•The Lindy Institute for Urban Innovation,
incubating and launching community initiatives that build regional economic strength
NEIGHBORHOOD
INITIATIVES
Phil Lindy
with Lindy
Scholars
66 WORKREADY PAID
SUMMER INTERNS
TEENS WHO WORKED 20 HOURS PER WEEK ACROSS DREXEL AS
PART OF A CITYWIDE PHILADELPHIA YOUTH NETWORK PROGRAM
20 WEST PHILADELPHIA
RESIDENTS EMPLOYED AS
MEDICAL ASSISTANTS
AFTER PILOT PROGRAM WITH
UNIVERSITY CITY DISTRICT
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
17
FY 2013
FROM THE CLOSE FOUNDATION FOR THE
CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP
PRODUCING
$67 MILLION
IN PRIVATE PHILANTHROPY
AL U M
N
1,289
4,403
90,039
7,665
$10 MILLION
KEY GIFTS
14,500
TOTAL
DONORS
ALUMNI
PROFILE
122,152
TOTAL
4,
37
9
CAMPAIGN AND
FUNDRAISING
ALL 5
N
I
0
,
I
ATES
ST
test of Drexel’s One
vision
is the
supportvision
and involvement
it inspires
in friends and coltest
of Drexel’s
is the support
and
SUPPORTOne
AND
leagues. This was a involvement
banner year itininspires
that regard.
in alumni, friends and
FINANCES
colleagues. This was a banner year in that regard.
225
$8.3 MILLION
2,466
FROM THE ELKINS TRUST FOR THE COLLEGE OF MEDICINE
11,542
$5 MILLION
FROM THE PERELMAN EDUCATION FOUNDATION
FOR RAYMOND G. PERELMAN PLAZA
144
$455 MILLION RAISED
CAMPAIGN CLOSED NOVEMBER 2013, 7 MONTHS AHEAD OF SCHEDULE
“To me, giving is just a
simple expression of
gratitude. I had great
life-learning experiences
at Drexel that led me to
where I am today, which is
honestly a great place.”
CORPORATE AND
FOUNDATION SUPPORT
$21 MILLION IN NEW GIFTS
VS. $15 MILLION GOAL
LEADERSHIP
CORPORATE AND
FOUNDATION
GIVERS IN 2013
18
$2.5 MILLION
LENFEST FOUNDATION
$600,000
WILLIAM PENN FOUNDATION
$519,000
PEW CHARITABLE TRUSTS (4 GIFTS)
$358,831
AUTISM SPEAKS (2 GIFTS)
$350,000
CLANEIL FOUNDATION
$319,000
WW SMITH CHARITABLE TRUST (3 GIFTS)
$250,000
PENN MUTUAL LIFE INSURANCE COMPANY
$222,941
ROBERT WOOD JOHNSON FOUNDATION
(3 GIFTS)
SUPPORT AND FINANCES
$32.9
MILLION
2008-2010
$57.6
MILLION
2011-2013
TOTAL NEW PLEDGES
AND OUTRIGHT GIFTS FROM
CORPORATIONS
AND FOUNDATIONS
Jessica Bowers ’02 is part
of a new generation of alumni
serving and supporting the
University in recognition of
the unique value of a Drexel
experience. For Bowers, that
experience included a degree
in biology with a minor in corporate communications, three
years as a cheerleader and
involvement with the Golden
Key Honor Society. But perhaps
most important were her three
co-op experiences at major
pharmaceutical firms, which
pointed her toward her role
today as director of marketing
for biotech firm Genisphere.
“Many students entering
Drexel come from
challenging
family situations
that don’t
provide the
support that
many others
take for granted.
The intention,
through this
scholarship
fund, is to facilitate
opportunities for students
who are trying to develop
academically, despite
such challenges. These
challenges could result
from trying to pay their
own way through school or
helping out at home while
in school.”
Martin J. Lutz III ’88 and
’95 established the Martin J.
Lutz Endowed Scholarship
Fund in memory of his father,
Martin J. Lutz Jr. ’63 and
’67, to help LeBow College of
Business students who may
be struggling financially or
enduring hardship as a part
of their family situations. Lutz
himself worked two jobs to
afford college.
80,615 IN
TRISTATE AREA
(PENNSYLVANIA/DELAWARE/NEW JERSEY)
“I’ve never met a man
quite like Martin Lutz.
Albeit it was for an hour,
that hour will have an
everlasting place in my
heart. I never knew a
person could be so giving.
The stories he told me
about his life have made
me realize, above all, to
do what I love. Mr. Lutz
loves to give back to those
in need and, because
of this, a large financial
burden was taken off of my
family’s shoulders, knowing
I had funds to carry me
throughout the year. This
scholarship has helped me
immensely.”
145,000-PLUS
TOTAL ALUMNI KNOWN WORLDWIDE
133 NATIONS
WHERE ALUMNI LIVE
Timothy Banks-Washington ’16
is a recipient of the Martin J.
Lutz endowed scholarship. He
took his first classes inside
the new Gerri C. LeBow Hall
in the fall, after completing an
accounting co-op in
Bala Cynwyd.
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
19
FINANCIALS
FY2013 FINANCIAL SUMMARY
FINANCIAL POSITION
As of June 30, 2013, total net assets grew to $1.1 billion from $946.3 million in
2012 and included $508.3 million in unrestricted, $255.5 million temporarily
restricted for specific purposes and $290.0 million permanently restricted for
endowments and student loans.
Cash remained strong at $87.5 million, due to strong financial results and favorable
capital expenditure timing.
Contributions receivable totaled $82.2 million. Accounts receivable amounted
to $126.2 million, including student charges of $54.2 million, $60.3 million for
sponsored program grants and contracts, patient charges of $8.5 million and
$3.1 million due to the College of Medicine from Tenet Healthcare Corporation.
Total liabilities decreased by $7.6 million, driven by lower accrued expenses,
decrease in postretirement and pension benefit, and $11.6 million of retired debt
retirement liabilities, which were offset by an increase in deposits in the amount
of $10.6 million.
ACTIVITIES
Total revenue in fiscal year 2013 amounted to $965.3 million, which exceeded the
board-approved budget as the result of higher net tuition and auxiliary enterprise revenue due to an overall increase in the number of undergraduate students
attending the University.
Expenses of $896.4 million compared favorably with the budget.
The change in net assets from operating activities was $68.9 million. The total
change in net assets was $107.5 million, with non-operating activity including
endowed gifts, realized and unrealized gain on investments net of endowment
payout and other non-operating income.
ENDOWMENT
As of June 30, 2013, the portfolio market value was approximately $599.9 million
including certain participating trusts and non-pooled investments, up from
$566.5 million at the end of the previous fiscal year. This includes the $48.4 million
Academy of Natural Sciences endowment. Performance of total pooled assets
was more than 9 percent, in line with 2013 market conditions as they relate to
Drexel’s asset allocation policy.
20
FINANCIALS
University
and Subsidiaries
Drexel
University
and Subsidiaries
DREXEL
UNIVERSITY
AND SUBSIDIARIES Drexel
DREXEL
UNIVERSITY
AND SUBSIDIARIES
Consolidated
Statement
of
Financial
Consolidated
Statement
of
Activities
CONSOLIDATED STATEMENT OF ACTIVITIES CONSOLIDATED STATEMENTPosition
OF
of June 30, 2013
(in thousands)
for
thethe
year
ended
June 30,
2013
(in2011
thousands)
for
year
ended
June
30,
(in thousands) asFINANCIAL
POSITION
as of June 30, 2011 (in thousands)
TOTAL
OPERATING REVENUE
TOTAL
OPERATING
Tuition andREVENUE
fees
$610,186
Tuition
and fees
$757,635
Less: Institutional
financial aid
(137,727)
Less:
Institutional
financial
aid
(186,556)
Net student revenue
472,459
Patient
Net student
revenue
571,079
care activities
95,595
Patient
care activities
101,991
State appropriations
13,652
State
appropriations
8,210
Government grants, contracts
Government
grants and contracts 95,116
and contributions
121,673
Private
grants
and
contracts
16,104
Private grants and contracts
13,886
Private
39,780
Privategifts
gifts
66,540
Endowment
Endowmentpayout
payoutunder
under
spending
formula
26,337
spending formula
21,976
Investment
income
5,627
Investment income
3,870
Sales
and
services
of auxiliary
enterprises
83,237
Sales
and
services
of auxiliary
enterprises
73,902
Other
sources
17,786
Other sources
13,403
Total operating revenue
965,267
Total operating revenue
896,956
OPERATING EXPENSE
College
programs
OPERATING EXPENSE
Research
and public service
College programs
Academic
Researchsupport
and public service
Student
services
Academic
support
Institutional
support
Student services
Scholarships
fellowships
Institutionaland
support
Auxiliary
enterprises
Scholarships and fellowships
Auxiliary
Total education
and general
enterprises
322,391
103,746
275,042
27,385
97,877
44,865
22,017
116,007
39,823
15,556
105,392
44,826
16,971
674,776
39,042
Patient
care education
activities and general 116,473
Total
596,164
Operation
andactivities
maintenance
48,063
Patient care
110,959
Interest19,221
Operation and maintenance
44,120
Depreciation
and amortization
37,885
Interest16,590
Depreciation
Total operating
expense
896,418
and amortization
31,227
Change
net assets
from
Totalin
operating
expense
799,060
operating
68,849
Changeactivities
in net assets from
operating activities
97,896
NON-OPERATING ACTIVITY
Endowment and other gifts
9,232
NON-OPERATING
ACTIVITY
Realized/unrealized net gain on
investments,
net
of endowment
Endowment
and
other gifts payout 24,881
15,318
Other
non-operating
income
4,571
Realized
and unrealized
gains (includes
Change in
assets from
netnet
endowment
payout)
62,660
non-operating
activities
38,684
Other non-operating expense
(9,480)
Change
in net
assets
107,533
Change
in net
assets from non-operating activities
68,498
NET
ASSETS
Change
in net assets
166,394
Beginning
of year
946,333
Net assets at beginning of year 685,768
End of year
$1,053,866
Net assets at end of year
$852,162
2013
ASSETS2011
ASSETS
Cashand
andcash
cashequivalents
equivalents
Cash
Operatingcash
cash $58,504
Operating
$81,432
Risk
Retention
Group
cash
4,773
Risk Retention Group cash
6,072
Accounts
receivable,
net
Accounts receivable, net
Tuition
47,368
Tuition
54,244
Grants,
contracts
other
33,865
Grants,
contracts
andand
other
60,295
Patients
6,890
Patients
8,537
Tenet
Healthcare
Corporation
981
Tenet Healthcare Corporation
3,119
Contributions
receivable,
net
100,313
Total accounts
assets net
25,368
Other
receivable
$126,195
Deposits with bond trustees
101,566
Contributions
82,200
Student loansreceivable,
receivable,net
net
30,690
Other
assetsinterest in trusts
19,234
Beneficial
38,939
Deposits
with
bond
trustees
30,504
Investments544,696
Student
loans receivable,
net
35,856
Land, buildings
and equipment,
net 644,834
Beneficial
53,605
interest in trusts
Investments616,706
Total assets
$1,638,787
Land, buildings and equipment, net 803,733
LIABILITIES
Total assets
$1,855,537
Accounts payable
44,626
LIABILITIES
Accrued expenses
92,351
Accounts payable
60,205
Deposits31,064
Accrued expenses
91,709
Deferred revenue
72,777
Deposits35,128
Capital lease
3,087
Deferred revenue
77,928
Government advances for student loans 26,252
Capital lease
2,930
Postretirement benefits
35,944
Government advances for student loans 27,394
Bonds and notes payable
480,524
Postretirement and pension benefits 50,741
Bonds and notes payable
455,636
Total liabilities
786,625
Total liabilities
801,671
NETASSETS
ASSETS
NET
Unrestricted394,557
Unrestricted508,375
Temporarilyrestricted
restricted
233,249
Temporarily
255,460
Permanentlyrestricted
restricted
224,356
Permanently
290,031
Total net assets
1,053,866
Total net assets
852,162
Total
liabilities
Total liabilities and net assets$1,638,787
and net assets
$1,855,537
DREXEL UNIVERSITY PRESIDENT’S REPORT 2013
22
EXPANDING OUR SCOPE
University City Campus
Office of the President
Drexel University
3141 Chestnut Street
Philadelphia, PA 19104
215.895.2100 / drexel.edu