University of Louisville Foundation President’s Report

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University of Louisville Foundation Presidents Report. Dr. James R. Ramsey University of Louisville. December 19, 2011. 2011 Is Almost Over!. 2011 (Did Not Exactly Go According to Plan). Expectations for good growth Things we were not t hinking about l ast year at this time - PowerPoint PPT Presentation

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<p>Presidents Update Board of Overseers</p> <p>University of Louisville FoundationPresidents ReportDr. James R. RamseyUniversity of LouisvilleDecember 19, 20112011 Is Almost Over!</p> <p>212/20/2011 10:56 AMDraft created by Debby PhilpotExpectations for good growth</p> <p>Things we were not thinking about last year at this timeEarthquakes/floodsFukushima Daiichi PlantEuropean implosionUS downgradeGadhafi, Mubarak &amp; Berlusconi gone</p> <p>2011 (Did Not Exactly Go According to Plan)312/20/2011 10:56 AMDraft created by Debby PhilpotLong term unemployed (up to 39.4 weeks mean)Watching events in southern EuropeYouth unemploymentUnderwater homeowners/current on mortgageStagnant incomesSeniors living on savingsPolicy uncertaintyBusinesses cashHealthcareImmigrationEnvironmentOther regulation</p> <p>Should We Still Be Worried?412/20/2011 10:56 AMDraft created by Debby PhilpotWe Know That Nationally Times Have Been Unprecedented</p> <p>US GDP512/20/2011 10:56 AMDraft created by Debby PhilpotUS Employment </p> <p>-Kentucky has not been immune to those impactsNonfarm employment in thousands</p> <p>Notes 1 Most people employed since January 2009 2 Still 74,000 fewer people working today712/20/2011 10:56 AMDraft created by Debby PhilpotState General Fund Revenue (funds higher education or is supposed to</p> <p>State Policy DiscussionFY08FY09FY10FY11FY12FY13FY14General Fund1.1 a-2.7 a-2.4 a6.5% a2.8% e1.8% e 2.4% e%812/20/2011 10:56 AMDraft created by Debby PhilpotExpendituresSome History % </p> <p>Structural Imbalance still exists 2% cut FY12</p> <p>State Policy DiscussionFY 07-12Medicaid32.1%Health Insurance Schools33.1% State Government14.6%KTRS40.9%KERS75.0%Debt Service14.5%Corrections13.0%Student Financial Aid14.6%Higher Ed-4.8%912/20/2011 10:56 AMDraft created by Debby PhilpotTough session/budgetUofL supports CPE requestM&amp;OResearch moneyBucksPerformanceFunding 6 year capital plan</p> <p>Messages1012/20/2011 10:56 AMDraft created by Debby Philpot</p> <p>UofL</p> <p>It has been tough real toughBut moving forward</p> <p>Solid Results Over a Decade of Progress*1998 Reporting Year2002 Reporting Year2011 Reporting YearAverage ACT score of all entering freshmen (fall semester)21.423.224.76year graduation rate30.1%33.0%50.8%Undergraduate degrees awarded1,7341,8492,618Number of students living on campus (fall semester)1,7252,3635,100*2011 data are considered preliminary pending final audit and reconciliation10/11/20111212/20/2011Draft created by Debby Philpot</p> <p>Solid Results Over a Decade of Progress*1998 Reporting Year2002 Reporting Year2011 Reporting YearDoctoral degrees awarded7690163Startup companies (cumulative)1636Patents (cumulative) Applications filed1512591,203 Formal patents issued5572190*2011 data are considered preliminary pending final audit and reconciliation10/11/20111312/20/2011Draft created by Debby Philpot</p> <p>Solid Results Over a Decade of Progress*1998 Reporting Year2002 Reporting Year2011 Reporting YearLicense option agreements (cumulative)1730104Research expenditures$39.1M$80.9M$195.5MEndowed chairs and professorships3587145Endowment$317.0M$478.9M$773.3M *2011 data are considered preliminary pending final audit and reconciliation10/11/20111412/20/2011Draft created by Debby PhilpotContinuing re-engineering of processes and expense managementEnter consortium with other institutions to achieve greater leverage &amp; efficiencies for prescription drug servicesReduce paper use, leverage technologyEnergy managementSelf insuranceWash windows every other year</p> <p>Seven Strategies for SuccessAggressively improving balance sheet management, with an emphasis on converting underperforming assets</p> <p>Seven Strategies for SuccessChurchill Downs Inc. to be first ShelbyHurst office tenant </p> <p>Increasing clinical income to support education and research i.e. The Merger</p> <p>Seven Strategies for Success</p> <p>Increasing contract research and commercialization income</p> <p> - Also license income other intellectual property </p> <p>Seven Strategies for Success</p> <p>Total Research Expenditures1998$39.1M2011$195MCreating private sector partnerships</p> <p>Seven Strategies for Success</p> <p>Cardinal Towne</p> <p>Enhanced fund raising</p> <p>Seven Strategies for SuccessBeing creative in expanding the research mission through innovative financing tools like the tax increment financing plan</p> <p>Seven Strategies for SuccessHSC TIFBelknap TIF</p> <p>Role of ULFShelby CampusKY TrailerNucleusTIF (1)TIF (2)TIF (3)Discretionary $ (LOC)Change payout</p> <p>These are just a few2212/20/2011 10:56 AMDraft created by Debby PhilpotWe have more to do!</p> <p>Thank you!</p> <p>2312/20/2011 10:56 AMDraft created by Debby Philpot</p>

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