PRATT INSTITUTE BOARD OF TRUSTEES PRESIDENT’S REPORT Museum of Modern Art Founder’s Room 11 West 53rd Street New York, NY Thursday, October 10, 2013 12:00 p.m. Admissions and Enrollment Enrollment The estimated fall 2013 enrollment is 4,634 students of which 3,152 (68 percent) is undergraduate and 1,482 (32 percent) is graduate. Undergraduate enrollment is up 52 students over goal and graduate enrollment is down 121 students under goal. Thus, there is a small decline in overall enrollment of 69 students from our 4,703 goal, a decline of 1.5 percent due to the shortfall of graduate students. Pratt had 6,149 freshman applications for approximately 680 positions in the freshman class. The number of Pratt’s freshman applications is larger than any competitive art school except the Savannah College of Art. Pratt now exceeds the freshman applications of major schools including Parsons, Maryland Art Institute, Cooper Union, RISD, Chicago Art Institute School, Cal Arts and Art Center. Institutional Research and Strategic Planning Strategic Planning The Strategic Planning Committee will summarize the results of the first year of the strategic plan implementation at its first meeting on October 21. In June 2012, the Strategic Planning Committee had approved a $1 million allocation for strategic goals of which $900,000 was spent to achieve the following strategic goals: $135,000 was spent on improving curricular integration and continuity by reviewing and rationalizing course credits, integrating the foundation year curriculum with the 1 sophomore year curriculum, increasing cross-disciplinary offerings, and reforming general education. $43,000 was spent to work on the plan for a complete redesign of the Center for Continuing and Professional Studies (CCPS) so that the Center plays a strategic role in realizing Pratt’s vision and future goals. $147,000 was spent to raise Pratt’s public events profile, create a public events office and improve Memorial Hall’s audio and video systems. $195,000 was spent to redesign the Institute’s pratt.edu website in keeping with its new brand and messaging strategy.. $250,000 was spent on improving administrative practices at Pratt based on recommendations from consultants the Perrino Group and James McGill.. $100,000 was spent on Innovation Fund grants to encourage faculty collaborations and initiatives to look for external funding.. Pratt’s divisions did not limit themselves to funding strategic planning initiatives from this $1 million allocation. Many initiatives were funded and implemented using divisional resources. For example, the Information Technology Division is creating a central 3D Printing Lab for all Pratt students regardless of major at a cost of $150,000. Institutional Research Update: Pratt Retention Committee Improving student retention at Pratt is one of the major goals of the current strategic plan. Retention rates reported to the government show the persistence of students from freshman to sophomore year and provide insights into students’ progress through the postsecondary education system. The Institute’s Retention Committee will serve as an advisory group to the president and Pratt community regarding student retention. The committee will be charged with researching retention issues on campus and nationally, and making recommendations regarding possible action options. The committee will also monitor and evaluate initiatives related to increasing first- to second-year retention and six-year graduation rates for undergraduate students. The Office of Institutional Research and Planning is currently compiling longitudinal data on attrition based on students’ academic background, demographics, departments and other variables to be analyzed by the Retention Committee. The Committee will provide a written report to the president by December 15 of each year. The report will summarize the Committee´s activities during the prior year, provide appropriate retention and graduation statistics and data, and outline long-range planning for the following year. 2 Academic Affairs Deans of Art and Design Searches We are searching this fall for deans of the School of Art and School of Design, effective July 1, 2014. Consideration of candidates for the dean of Art candidates will begin October 15, 2013, and dean of School of Design on October 30, 2013. Both searches will remain open until the positions are filled. Full Time Faculty Searches As part of the Board of Trustees approved initiative to hire 40 new full time faculty members over a six year period (2011/2012 through 2016/2017), we will search this year for eight new full time faculty lines—four in the School of Art and Design, three in the school of Architecture, and one in the School of Liberal Arts and Sciences (SLAS). Additional searches will be conducted for four replacement lines. As of this fall, we have hired 20 new full-time faculty as part of the 40 new full time hiring program. MSCHE Re-accreditation Under the guidance of Associate Provost Marianthi Zikopoulos, the Middle States Commission on Higher Education (MSCHE) Self-Study Steering Committee has been formed, along with five subcommittees or working groups who will provide the research and initial writing for our selfstudy. Pratt’s draft self-study will be submitted to MSCHE in January 2015 for review. The MSCHE visiting team will be at Pratt in spring 2015. Undergraduate Curriculum Committee Report This was a massive effort focused in the School of Art and Design and led by Acting Dean of the School of Art and Design Leighton Pierce with the participation of faculty, chairs and Dean Andrew Barnes of SLAS as well as Pratt administration. This report recommends structural changes to the undergraduate curricular structure in Art and Design to better serve our students by: Creating greater cross disciplinary opportunities for our students. Creating a structure allowing for more focused and less diffused course scheduling. Creating opportunities for greater cultural breadth and depth. Improving retention of students. Better integrating the entire four-year curriculum, especially the relationship of the Foundation year to the sophomore year and beyond. Specific recommendations in this report, which were subsequently adopted or modified by the Provost include: Reducing the total credit count for the BFA in all majors in the School of Art and Design from 134 to 126 (or 120) credits while standardizing on a normative three credits per course structure. Some one-credit courses may still exist. 3 Increasing integrative education by offering minors and developing an interdisciplinary major. Creating a standard scheduling matrix based on 90 minute start times. Creating an integrated Freshman Year committee in 2013/14. The Provost considered the report issued by Acting Dean Pierce and Dean Barnes in July 2013 and has created draft guidelines for the Undergraduate Curriculum Committee, which have been shared with the Chair’s Council, Provost’s Council, Senior Staff, and the Academic Affairs Committee of the Board of Trustees, and to the IWCC and APPC of the Academic Senate for review and comment. Both the IWCC and APPC are in the process of review and comment. GID Program The Industrial Design department inaugurated an innovative master’s program in Global Innovation Design (GID). GID is offered in collaboration with two prominent international partners: the Royal College of Art/Imperial College in London and Keio University's Graduate Media Design in Tokyo. It is a model of collaborative education that draws on the strengths of each institution and the dynamism of three international urban locations. There are currently 12 students at Pratt this fall from London. Eight students will come to Pratt this spring. Seven Pratt students are now in Tokyo and will go to London in the spring. SLAS The School of Liberal Arts and Sciences (SLAS) continues to develop its graduate level programs. The new MA in Media Studies program has welcomed its first cohort of students – 13 in total – which far exceeds its first year goal of eight students. Recruitment is also underway for students for the first cohort for the MFA in Writing, which will begin fall 2014. We are also aggressively recruiting students to our newly revised B.A. in Critical and Visual Studies, which has reduced the number of credits from 133 to 121, and has been restructured so that students will have more opportunities to take courses in other departments across the Institute. This fall, the proposed MFA in Performance and Performance Studies will be filed with the New York State Department of Education. This year, SLAS appointed a new chair in the Department of Humanities and Media Studies – Maria Damon – and four new, tenure-tracked faculty members to its departments. Center for Continuing and Professional Studies A cross institute committee was formed to explore the mission, markets and results of our Center for Continuing and Professional Studies (CCPS). Additionally, Pratt retained LERN as consultants to return to campus for a follow-up report to their extensive 2009 study of the unit. Pratt’s administration will conduct a search for a CCPS program director in spring 2014 and have the director in place for the onset of the fall 2014 semester. 4 Library The Library continues an initiative to expand offerings of electronic resources available to students, faculty, and staff researchers. In addition to the broad range of full-text and citation databases made available during the first year of this effort, researchers will now have access to: Film & Television Literature Index, Psyc ARTICLES, PsycINFO, Urban Land Development Case Studies, Urban Studies Abstracts, and Arts:Search (formerly DesignInform, which also includes Design Abstracts Retrospective). In January 2014, researchers will also have access to Digital Sanborn Maps 5 Boroughs Geo Edition, and Sanborn current Queens Borough. Center for Sustainable Design Strategies The Center for Sustainable Design Strategies (CSDS) will be launching the Brooklyn Fashion Accelerator (BFA) in late October in the former Pfizer Building at 630 Flushing Avenue near the Flushing Avenue G Train stop in Brooklyn. The ribbon cutting ceremony is scheduled for October 29. Funding of $1.13 million was awarded by the New York State Empire Development Corporation (Ken Adams) and Brooklyn Borough President Marty Markowitz. We will be downsizing the Pratt Design Incubator and bringing it back onto 1,000 square feet on campus as an entrepreneurship center in the basement of the Engineering Building. The fourth annual PALS Summit took place in Los Angeles October 2-5 and was hosted by Art Center and Otis College of Art and Design. PALS stands for Partnership for Academic Leadership in Sustainability and was founded in 2010 by Pratt Institute in collaboration with AICAD. SAVI Lab (GIS) Planning is well underway for our Spatial Analysis and Visualization Initiative (SAVI) to be housed in the lower level of the ISC Building. SAVI is a Geographic Information Systems (GIS)centered initiative that will provide geographic mapping and analysis services to our community, corporate sponsors, and community organizations. The GIS Lab was made possible by an $860,000 from the New York City Council for construction and equipment. Jessie Braden, formerly with the Pratt Center, has been appointed acting director, and construction is expected to begin by the end of October. Opening of the facility is expected in February 2014. Pratt Center The Pratt Center’s Made In NYC initiative to link local designers with local manufacturers and to encourage consumers to shop for local products took off with more than 1,050 registered companies. In November, the Center will launch a 20,000 square foot Made In NYC pop-up store for approximately 100 emerging fashion designers. In August, Pratt Center released a comprehensive industrial policy for New York City which was endorsed by a number of elected officials including Democratic Mayoral candidate Bill de Blasio. 5 The Center is completing its collaboration with New York State to develop a new strategy for retrofitting low-income housing to reduce energy costs and carbon emissions. The City agreed to pilot a Pratt Center strategy for helping homeowners impacted by Hurricane Sandy. City agencies will create hubs in impacted communities to make it easier for homeowners to get necessary rebuilding permits and benefits. Academic Senate Update, October 2013 In the spring 2013 semester, the Senate conducted general elections for the 2013-2016 term, following nominations in fall 2012. The Student Government Association tallied the votes and reported on the results. On April 23, 2013, the Senate elected the following officers to the Executive Committee (EC): Jenny Lee Paul Dambowic, PT SLAS Chris Allen Sula, FT SILS Cecilia Almeida, UG Chair President Vice President Secretary Treasurer Finance and Administration FY 2012-2013 Financial Results Our pre-audit final operating results for 2012-2013 are $203,667,342 of which $183,096,662 is unrestricted revenues and $10,570,680 are restricted revenues. Our June 20, 2013 operating budget is three percent greater than the previous year, 2011-2012. Our estimated excess of revenues over expenses at this time and prior to the completion of our audit is approximately $6 million. Pratt’s financial aid expenses for 2012-2013 are $40,041,451, an increase of $2,516,713 over the previous year, 2011-212. The tuition discount for financial aid last year was 23.2 percent. A six year historical review of our discount rates ranges from 21.1 percent to 23.6 percent. FY 2013-2014 Operating Budget Our new 2013-2014 operating budget is $210,716,338 of which $199,785,146 is unrestricted revenue and $10,931,192 is restricted revenue. This year’s operating budget is $7.1 million larger or 3.5 percent greater than last year’s. The following is a list and percentage of Pratt’s major Educational, General and Auxiliary Expenses for 2013-2014 as categorized by NACUBJO, a college and university financial association. 6 Instruction 1 Public Service Academic Support 2 Student Services 3 Institutional Support 4 Operation and Maintenance Plant Capital Repair & Renovation Principal, Interest & Fee Payments Federal – PELL & SEOG 5 Auxiliary Enterprises Total 1. 2. 3. 4. 5. NACUBO Category $ 60,687,740 $ 2,607,026 $ 15,227,216 $ 14,175,266 $ 30,883,232 Percentage of Total 35.81% 1.54% 8.99% 8.44% 18.22 % $ 17,993,846 $ 5,000,000 10.62% 2.95% $ 8,000,000 $ 3,957,222 $ 10,810,398 4.72% 2.34% 6.38% $169,471,308 100.00% Instruction: Expenses related to activities that are part of instructional programs. Academic Support: Expenses incurred to provide support services for research, library, and information technology. Student Services: Expenses incurred by Offices of Admission, Registrar and all student activities and services outside context of formal instruction. Institutional Support: Expenses for central, executive-level activities including Board of Trustees, president’s office, planning, finance and administrative functions, development and fund raising. Federal – PELL & SEOG: Federal dollars to support low income students. For the start of our new financial year we will incur several unanticipated operating expenses that are not yet currently budgeted. While these expenses are only preliminary and are not final we are hoping that we will be able to reduce some of these items through negotiation and more finite estimates as follows: 1. Health Insurance. Oxford health insurance seeks a 15.2 percent increase in our current rates, down from an original request for a 23 percent increase. The estimated 15.2 percent cost is $800,000 of which $400,000 would impact this fiscal year since the new rates would not be effective until January 1, 2014. We are seeking only a 10 percent increase. 2. Property Insurance. Hartford Insurance Company has reviewed our current property values of all of our buildings since the Main Building fire. We believe we will be charged an additional $100,000 premium for our property insurance renewal. 3. Hartford Improvement Recommendations. Hartford conducted an audit of all our buildings to determine if there was a need to improve our fire protection systems throughout the campus. This audit included improving or installing sprinkler systems, and improvement or replacement of fire alarm systems in certain buildings. Hartford Insurance will permit Pratt to make these improvements over a three-year period. The estimated cost for the first year to Pratt is $740,000. 7 4. Main Building. There are costs associated with the restoration/reconstruction of Main Building which will not be covered by our fire insurance. While relatively modest these costs include building upgrades required by code, fixtures that cannot be replaced at original prices, and upgrades in electrical and IT. The estimated cost is $2.8 million. 5. Financial Aid Program. A program review is underway to determine the amount of over awards and adjustment to financial aid after completion of the review. This audit review covers fiscal years 2010-2011, 2011-2012 and 2012-2013. Our current estimate of the funds required to be repaid to the Federal Department of Education is $750,000 to $1,000,000. The total estimated unbudgeted adjustments to the 2013-2014 operating budget is $5,063,000. Main Building Recovery As of September 23, 2013 the estimated costs for restoring, reconstructing and renovating the Main Building from the February 2013 fire is $14,115,000. These include $2,823,000 for out-ofpocket costs not covered by insurance calculated at 20 percent of the total budget for construction, restoring and renovation. Endowment The August 31st performance is $124,606,035, up 12.5 percent over the last 12 months. PrattStore The PrattStore officially closed its doors as of June 30, 2013. Sales activity of remaining inventory continued through September 30, 2013. Textbook sales were finished as of June 30, 2012 when Pratt entered into an agreement with Follett Virtual Bookstore, a division of Follett Company. This fall, students, faculty and staff were provided with information regarding the operations of the Virtual store. Faculty were able to place orders for books via the internet connect with Follett and students were able to place orders for books and related materials utilized the internet to access the Virtual store. Art supplies and related materials continue to be available through an agreement with the Utrecht Store which is located in the retail level of Myrtle Hall. Campus Master Plan Master planning firm Cooper Robertson (CR) has provided a draft 10-year update to the Campus Master Plan. CR also developed feasibility studies for the Classon-Emerson site to exploit the concept of a North Campus and provide for Pratt’s long term expansion. This latter project was a comprehensive assessment of broader opportunities for real estate acquisitions, land use, circulation, and program organization in the area north of Willoughby and Myrtle Avenues. Additionally, CR met with the president and provided Pratt with Phase 1 (Campus Profile), and Phase 2 (Assessment of Conditions, Program Interview Notes, Enrollment Projections, Space Assessments and Campus Analysis Drawings). CR is finalizing Phase 3 (Concept Alternatives: Near, Intermediate and Long Term Options, Pro / Con Assessment and Selection of Preferred 8 Approach) deliverables. Main Building Fire and Recovery Actions Since the February 15th fire in Main Building, the cleanup phase has been completed. Restoration and occupancy of floors one through four of the six-story Main Building is estimated to take six months until March 2014, assuming completion on an expedited schedule and the cooperation of the appropriate municipal agencies. Additionally, our engineering firm Thornton Tomassetti is designing and preparing permanent roof contract documents for a new reinforced green roof. Our consultant team is completing contract documents for the interior renovations. The reconstruction work will include new wall, ceiling and floor surfaces, new or enhanced electrical, IT, mechanical, security and fire safety infrastructure, as well as new lighting. The schedule, subject to unanticipated conditions, including weather delays, and coordination with municipal agencies, anticipates the major portion of the work will be completed by early 2014. At which time we will begin a phased move back into the Main Building. Initial indications are that the basement, second and third floor will be available on or about midFebruary, the first and fourth floors on or about the end of February and the fifth and sixth floors in mid-March 2014. Townhouse Renovation Project Recognizing the historical character of the NYC Landmarked townhouses, this multi-year project will reconstruct and complete the restoration and renovation of all 27 townhouses. Thirteen townhouses are completed. We are completing four more this fiscal year. Each townhouse accommodates six seniors. Craig Sullivan, Supervisor of Campus Grounds and Landscape Services Craig Sullivan, our new supervisor of campus grounds and landscape services was hired in July. Craig is responsible for the planning and management of grounds maintenance and landscape programs at Pratt Institute. He oversees grounds personnel and all the planting, cultivation, fertilization, and maintenance of lawns, flowers, trees, shrubs, and related landscape plantings. Craig has a master’s of landscape architecture and bachelor’s degree in history. His first year’s salary is being funded by Bruce Newman. We are hoping Bruce will consider funding Craig next year. Information Technology Fiberoptic Project The entire Brooklyn campus has an aging fiberoptic network that is in need of total replacement. A new fiberoptic network will bring high-speed fiberoptic capability to the campus via a unique system of conduits in which high pressure air blasts the thin cabling to each segment. Phases I and II of the plan were approved as part of Pratt’s Strategic Plan and work began over the 9 summer with trenching from North Hall to the ISC building. Brooklyn Labs The introduction of fabric printing services in the Digital Output Center has been a great success and is being used by many students from various majors. IT’s new Specialty Output Center (SOC) houses an array of photo plotters and large format printers. This major expansion of print services will speed up the flow of student print jobs, especially during periods of high demand. Development Fundraising Pratt had one of the largest and best fundraising years ever last year (2012-2013). Pratt completed the second year of its seven-year comprehensive capital campaign of $100 million. We raised a total of $8.1 million in year one and $15.3 million in year two with a two-year grand total of $23.4 million. Our goal for this fiscal year, 2013-2014, is to raise $16.6 million towards the capital campaign for a total three-year result of $40 million. The following chart shows our capital campaign summary of funds raised for (1) Pratt Institute Operating, (2) Pratt Center, and (3) Qualified Planned Gifts for FY2012, FY2013, and our current grand total. Capital Campaign Summary (as of 9/30/13) Year One FY12 Pratt Institute Operating Pratt Center Qualified Planned Gifts Year Two FY13 $5,831,614 $1,929,105 $386,000 $8,146,719 Year Three FY14 to date $10,010,908 $3,744,929 $1,538,048 $15,293,885 $1,252,347 $527,950 $0 $1,780,297 CAMPAIGN TOTAL $17,094,869 $6,201.984 $1,924,048 $25,220,901* * cumulative goal by end of Year Three is $40 million As of September 30, the capital campaign has achieved a cumulative total of $25.2 million, which includes nearly $1.8 million in in new gifts since the close of the last fiscal year on June 30, 2013. We are in our second year of formally encouraging our Pratt faculty and staff to participate in the capital campaign. Last year, this effort helped to double the numbers of faculty and staff who made a donation to Pratt. This success came as a result of hard work by our staff leader for this initiative, Michael Sclafani, Director of Alumni Relations and Annual Giving, and the dedicated group of committee co-chairs: 10 Anita Cooney – Chair, Interior Design Christopher Shrum, Assistant Professor, Arts and Cultural Management William Swan, Director of Undergraduate Admissions Last year’s 2012-2013 fundraising results brought some historic records: 1. $15,293,885 is the largest amount Pratt has raised ever in one year. 2. Largest amount ever raised from a Pratt benefit event, the 125th Anniversary Gala at the Waldorf-Astoria Hotel. 3. First endowed professorship in Pratt’s history, the $2.5 million Sirovich Family Professorship of Mathematics for the Arts. 4. Highest percentage of alumni giving at six percent. The following chart shows last year’s 2012-2013 fundraising results by sources: 11 FY13 Funding by Source (for fiscal year ending 6/30/13) FY13 FY12 (as of 6/30/13) (as of 6/30/12) Board Individuals Bequests Corporations Government Foundations $ 979,243 3,997,172 2,834,975 905,937 1,136,000 192,775 $ 574,588 2,191,427 79,188 1,168,527 1,572,634 245,250 SUBTOTAL 10,046,102 5,831,614 Planned Gift Intentions 1,538,048 In-kind Raised FY13 vs. FY12 (as of 6/30) FY09 FY13 vs. FY09 (as of 6/30/09) (as of 6/30) + 70% + 82% +3,480% - 22% - 29% - 21% $ 330,019 821,578 2,001,560 671,265 0 236,775 + 197% + 387% + 42% + 35% + 72% 4,061,197 + 147% - 19% 70,239 Last year, 2012-2013, we increased Pratt’s annual fund raising by 72 percent, with its climbing from $5,831,614 in 2011-2012 to $10,046,102 in 2012-2013. This was especially made possible by nearly $1 million in giving from trustees, nearly $4 million in major gifts from individuals, nearly $3 million in realized bequests, and nearly $1 million from corporations. The largest yearover-year fundraising increases came from bequests (+3,480 percent), individuals (+206 percent), and the Trustees (+70 percent). Planned giving intentions also grew from $386,000 in 2011-2012 to $1,538,048, an increase of 298 percent. The Pratt Center increased its annual fundraising from $1,929,105 to $3,744,929, a 194 percent increase, a near doubling. Following last year’s overall fundraising records, the first quarter of 2013-2014 brought continued success. Pratt has raised $1.25 million as of September 30, an increase of 37 percent over the same period last year. As part of an ambitious effort to grow Pratt’s endowment we have embarked on an aggressive promotion and solicitation program in planned giving and inclusion of Pratt in wills and bequests. In 2012-2013 new planned gift commitments of more than $1.5 million were made by alumni, faculty, staff, trustees, and friends. There were 76 members in the Renaissance Society in 2012-2013, a 21 percent increase over 2011-2012. As a timely reminder of how important these planned giving efforts can be to our fundraising, Pratt recently received a $3 million bequest from Fern B. Macchi, the widow of Charles Macchi. The Charles Macchi Scholarships will be awarded to outstanding undergraduate students in architecture. Special Events 12 Through a focused effort over the past few years, Pratt has also achieved significant success in elevating the effectiveness of event fundraising. In the last three years, our scholarship fundraising events have raised the most support in the school’s history. These top-ranking benefit events raised the following gross amounts: 1. 125th Gala (2012) 2. Legends 2010 3. Legends 2011 $1.1 million $564,000 $420,000 Our upcoming Legends 2013 on November 11 at the Mandarin Oriental Hotel has already raised $475,000 as of October 4, 2013, and is now poised to join this list of the Institute’s most successful fundraising events. Major chairs and lead supporters of this year’s Legends gala are Sondra and David Mack, Judith and Bruce Newman, Susan and Mark Stumer, and David and Jane Walentas. Our honorees are David Easton, Pete Hamill, Margaret Russell, and James Turrell. Award presenters will include Martha Stewart and David Rockwell, and our emcee will be Ted Allen. We anticipate a capacity crowd of 400 guests at this year’s event. Alumni Relations Significant alumni engagement activities are also helping Pratt to reach new highs in alumni contributions. An expanded range of programs are focused on alumni career development and networking, which are top interests indicated in our alumni surveys. Last spring, we also launched a series of regional alumni events in Boston, Philadelphia, and Washington D.C., and an additional summer event in Roxbury, Connecticut. Our Annual Alumni Day was held on Saturday, September 28. The all-day event had an extensive number and variety of activities from receptions, faculty talks, tours, class reunions for the 50th, 40th, 45th, 25th, and 10th years, and the second annual Art and Design Fair. Alumni Day also featured a dedication ceremony honoring Bruce Newman, ’53 and Trustee Emeritus, for his generous support for the landscaping design of the Engineering Quad. More than 600 alumni attended Alumni Day, the second largest turnout for this annual alumni event on campus (the largest was for our 125th Anniversary Kickoff in 2011). Academic Fundraising Initiatives Pratt has begun a major effort to encourage and develop research and projects throughout the academic programs, and to raise funds in support these academic priorities. Fundraising goals are being set with the deans for each of our professional schools to help drive our priorities. We are also expanding fundraising support assistance to help faculty prepare and write grants as well as search and seek the necessary funding for their projects. We anticipate our faculty research and project based program will afford rich opportunities for student participation and learning. Communications Pratt has continued to receive industry accolades for the materials created for the Institute’s 125th Anniversary. The most recent notable honors have included the CASE Circle of Excellence 2013 Silver Medal and the American Inhouse Design Award 2013, both for the 125th 13 Anniversary Issue of Prattfolio magazine. Pratt’s 125th Anniversary Website also received a Bronze Anvil Award of Commendation for 2013. These award-winning designs were part of Pratt Institute’s 125th Anniversary visibility campaign that resulted in more than 60 million media impressions in Fall 2012—an amazing result in visibility that included such top sources as the Associated Press, New York Times, Wall Street Journal, New York Daily News, New York Post, Entertainment Weekly, Time Out New York, Women’s Wear Daily, CNBC, WNBC, and NY1 television. Pratt has now completed its year-long brand strategy development work with Ologie, and the new brand platform has been launched with a broad range of projects, including a new stationery system, capital campaign materials, posters and brochures, admissions bulletins, and marketing materials. New brand guidelines also informed a major redesign of Prattfolio magazine with the Spring/Summer 2013 issue. Ologie is now working with Pratt to complete a redesign of the pratt.edu website, which will launch in early 2014. Press placement has continued to be strong in the first quarter of FY2013. Highlights have included: New York Daily News: Feature article on the Pratt Design Incubator, with mention of Certificate in Design Entrepreneurship program and quotes from Debera Johnson, (6/5/13) The New York Times: A Clinton Hill real estate story where President Schutte discusses the significance of Myrtle Hall in the neighborhood, (7/7/13) New York Post: Article on alumnus Charles Pollock includes quote from President Schutte on the famed designer’s legacy, (8/21/13) Time Out New York: Pratt’s Sustainable Building, Infrastructure Design, and Management certificate program profiled in a feature article “Career-boosting courses,” (8/1/13) Downtown Brooklyn Partnership: Preview of new master’s degree programs in Media Studies and Writing, with quote from Dean Andrew W. Barnes, (8/15/13) WABC-TV, Ch. 7: Industrial Design alumna and Adjunct Professor Lucia DeRespinis discusses the design talent of the late Charles Pollock, (8/21/13) The Chronicle of Higher Education: Dean Barnes writes op-ed piece about massive open online courses (MOOCS), advocating for a higher education movement that emphasizes local knowledge at small institutions, (9/19/13) Associated Press: Provost Barna provides context on the mid-century light sculptures of Isamu Noguchi, (6/6/13) 14 The New York Times: Chair John Shapiro contributed to a piece on redevelopment plans in the Lower East Side, (9/17/13) The Daily Beast: Industrial Design Visiting Assistant Professor Kevin Crowley and alumnus Horatio Yuxin Han were interviewed about Han’s foldable footwear designs, (9/20/13) The Chronicle of Higher Education: Maria Damon’s appointment as Humanities and Media Studies Chair appeared in the “Gazette” section, (8/19/13) The New York Times: Fine Arts Adjunct Professor Ann Messner explores the potential disadvantages of crowdsourcing campaigns in the arts, (6/11/13) Student Affairs Diversity Initiatives Vice President Helen Matusow-Ayres continues as a co-chair, along with Human Resources Director Tom Greene, of the Diversity Committee. Consulting firm Cambridge Hill recently presented their recommendations to improve the hiring process in increasing diversity in faculty hiring. Athletics and Recreation Men’s tennis won the 2013 Hudson Valley Intercollegiate Athletics Conference title. This year, the most male student-athletes ever were selected for Hudson Valley All-Academic Team – two from men’s basketball, and two from men’s tennis. Center for Career and Professional Development Internship registrations increased this summer (133) from summer 2012 (121), with placements that included: Apple, BCBG Max Azria, Carnegie Hall, Inside Edition, Marina Abramovic, LLC, New York Foundation for the Arts, NYC Department of Health, Penguin, and the World Monuments Fund. The May 2013 Pratt Show drew 620 professionals on the industry professional event night. In total, 274 graduating students from undergraduate and graduate programs were accepted to show their work. With the assistance of Vladimir Briller, executive director of institutional research, CCPD completed the annual employment survey for the class of 2012. 256 alumni responded producing a 20 percent response rate for the survey. They reported an 87 percent employment rate. CCPD noted increases in new employer registrations, job postings, internships and full time postings through Pratt Pro Usage: 15 NEW EMPLOYER REGISTRATIONS Summer 2012 2013 Variance New Employer Registrations 790 1158 368 NEW JOB LISTINGS Summer 2012 2013 Variance Internships 1038 1185 147 Full-time 558 692 134 Part-time 250 299 49 Freelance 236 236 0 Volunteer 55 60 5 Summer 29 33 4 TOTAL* 1914 2204 290 International Affairs There are 1,134 international students this fall, up from 1,015 last year. Our percentage of international students is now 24.7 percent, the highest in nearly 20 years. Pratt’s international student body has increased because (1) more international students are applying, especially from China, and (2) admissions is recruiting more international students to increase enrollment, especially on the graduate level. Growth countries include China, Canada, Turkey, Thailand, Colombia, Mexico, Israel, Singapore, and Venezuela. This academic year there are 16 Pratt students on international exchange and 13 coming to Pratt from partner schools. Residential Life and Housing Currently, 1,700 students, or 37 percent of the total student body reside in campus housing, the largest number and percentage ever. This fall, 51 percent of all undergraduate students and five percent of graduate students reside in on campus housing. All new freshmen housing requests (593) were accommodated along with all new transfer requests (69) that were received before June 1. Student Union Campus Master Planners Cooper Robertson (CR) are finalizing plans to renovate the current Student Union to create and/or improve lounges, gallery space, student club organization space, meeting rooms, and office and event space. The building has approximately 10,000 square feet. The preliminary cost estimate is $3 million which is part of the capital campaign. 16 Community Affairs International Downtown Association’s (IDA) World Congress On October 8, Pratt hosted a plenary session for the International Downtown Association’s (IDA) World Congress and 59th Annual Conference. The event featured New York City Mayor Michael Bloomberg and other local city and nonprofit leaders. More than 500 people attended the event, which garnered press coverage in the Brooklyn Daily Eagle and am New York. Myrtle Avenue Revitalization Project (MARP) The vacancy rate on Myrtle has remained low at five percent over the last quarter. Construction has begun on a new seven story rental building on the site that formerly housed the Associated Supermarket at the corner of Myrtle Avenue and Hall Street. Upon completion, which is estimated to take one year, Associated will return along with a branch of TD Bank. The future of the US Post Office on Myrtle is undecided. With their lease up in May 2014, MARP has been working with the owner to help find a suitable new location on Myrtle. Multiple bids have been received and are being reviewed by the city for the $6 million Myrtle streetscape and pedestrian plaza project. The city will be selecting a contractor shortly with the groundbreaking to take place in spring 2014. MARP is working actively with all of the merchants in the future construction zone to ensure that they are well-prepared and can remain opened throughout the 18-month construction period. Over the past year, eight new businesses have opened on Myrtle including three restaurants and bars, three new food retail establishments, an apparel store, and a new pharmacy. An electronics store, two wine shops, two more restaurants and a specialty prepared foods business have signed leases and will open shortly. As you can see, the 2013/2014 academic year has gotten off to a terrific start. I greatly appreciate and look forward to your continued commitment, support and enthusiasm as we address the many challenges and exciting opportunities the year ahead will offer. Sincerely, Thomas F. Schutte President 17