President's Report

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PRESIDENT’S REPORT 2015

2016

TABLE OF CONTENTS PRESIDENT’S LETTER..................................................................................3

GOAL 1: A DISTINCTIVE LEARNING HERITAGE..........................................4

GOAL 2: A DISTINCTIVE LEARNING ENVIRONMENT.. ................................8

GOAL 3: A DISTINCTIVE LEARNING DYNAMIC......................................... 14

FINANCIAL REPORT.................................................................................. 18

2

| 2015 – 2016

TO THE MANHATTAN COLLEGE COMMUNITY —

T

he following pages provide a

project this past summer was the creation

Barrytown, New York, have found a new

glimpse into some of the most

of a new Center for Student Success on the

and fitting home, thanks to a collaborative

important milestones, events and

entry level of Thomas Hall (in the space

project and joint fundraising campaign

accomplishments of the past year. The

with the District of Eastern North Ameri-

story they tell is one of success in chal-

ca. These glorious works of art are part of

lenging times. It is a story of a community

the patrimony of the Lasallian world, tell-

that strives day in and day out to provide

ing in vibrant form and color the inspiring

the best possible education for its students

story of De La Salle and the Brothers.

and to deepen its commitment to its core

The accomplishments of 2014-2015 were

values. As I say whenever I’m pressed to

many and varied. Enrollment is strong,

answer the question: What’s the greatest

our students are thriving, and we continue

strength of Manhattan College? We are

to build a strong and sustainable finan-

blessed with great people united by a great

cial base. As you’ll see in the pages that

purpose.

follow, such success is due to the talented

In last year’s report, I mentioned that we

men and women of our community who

had spent a good deal of time and energy

work so hard — and so creatively — to

in academic year 2013-2014 planning for the future, as we developed a comprehensive Campus Master Plan in tandem with Phase II of Renewing the Promise, the College’s strategic plan. This year, I am pleased to report some of the many ways in which we are putting those plans into action.

Under the guidance of the Campus Master Plan, we are moving forward to develop our South Campus as the hub of our engineering and science programs. Plans are nearing completion for the first phase of construction, centered on a new, state-ofthe-art Engineering and Science Center.

Also envisioned are substantial renovations of Leo Hall and the Research and Learning Center, as well as a new apartment-style residence hall. Through these projects, we will be able to provide the facilities necessary to sustain our tradition of excellence for many years to come, improve the atmosphere and functionality of South Campus, and diversify and expand our student housing options.

We continue, as well, to improve and upgrade North Campus facilities. A major

formerly housing Dante’s Den). This new Center brings together in one convenient space a number of programs that we have been expanding and developing during the past years, and through which we have improved student success (as measured by retention, job placement success, and success in graduate and professional school placement). A student entering the doors of Thomas Hall now has immediate access to the Center for Academic Success, the Office of Career Pathways, Graduate Admissions, and Financial Aid — offices that until this summer were widely dispersed among several buildings on campus.

April marked the completion of a very different kind of facilities upgrade in the Chapel of De La Salle and His Brothers.

After many months of restoration and installation, as well as eager anticipation, a magnificent set of stained glass windows were unveiled and blessed at a Mass and dedication ceremony marking the feast

strengthen the College by building on our core strengths. Those strengths provide the pillars of our strategic plan, Renewing the Promise, and the selected accomplishments of the past year are organized under the plan’s three major goals: deepening and sustaining our distinctive heritage as a Lasallian Catholic college; taking full advantage of our distinctive learning environment (as a residential college in New York City); and drawing on the opportunities provided by our distinctive learning dynamic (made possible by a breadth of academic programming that is remarkable for a school of our size).

I hope that this report conveys the sense of energy and purpose that pervades our work at the College. It’s an exciting time to be a Jasper. And it’s an honor, a pleasure, and a privilege to be working with the extended Manhattan College community, as we build the future of this great institution.

day of Saint John Baptist de La Salle. The windows, which came to us from the former Christian Brothers’ Novitiate in PRESIDENT’S REPORT |

3

A DISTINCTIVE LEARNING HERITAGE 4

| 2015 – 2016

“We will advance learning by ensuring the vitality and visibility of our distinctive core identity as Catholic and Lasallian throughout the College.”

I

n pursuit of this goal, the College

Francis at St. Patrick’s Cathedral.

seeks to assure that its Lasallian

Mehnaz Afridi, assistant professor of

Catholic heritage is vital and visible

religious studies and director of the

throughout its academic, cocurricular,

College’s Holocaust, Genocide and

and extracurricular programs.

Interfaith Education Center, attended

• Through the combined efforts of Manhattan College and the District of Eastern North America, the College acquired a striking set of 12 stained glass windows depicting the life and legacy of Saint John Baptist de La Salle in the context of the Gospels from the former Brothers’

an interfaith service at the 9/11 Memorial and Museum. Some 40 students, faculty and staff took part in the Papal Mass at Madison Square Garden, where Tom Moran ’74, chairman of Mutual of America, delivered a prayer in Irish.

Novitiate in Barrytown, N.Y. Originally

• October was dubbed Fair Trade Month,

crafted in France in the early 20th centu-

and reminded the campus community

ry, these masterpieces were painstakingly

not only of Manhattan’s Fair Trade Col-

restored, and installed in the Chapel of

lege status since 2012 but also and more

De La Salle and His Brothers on April 7,

importantly of the continuing impor-

2016, the Feast of De La Salle.

tance of purchasing goods that are pro-

• The College scheduled a number of events and programs in conjunction with Pope Francis’ historic visit to New

duced by farmers and workers who are compensated and treated justly by those who derive benefit from their labor.

York City in 2015, including Sustainable

• Campus Ministry and Social Action

September, a month-long series of activ-

(CMSA) continued to develop and

ities inspired by Laudato Sí, the Pope’s

enhance service and service-learning

encyclical on environmental issues.

opportunities for our students.

• I n addition, students, faculty, adminis-

• For many years, the Lasallian Outreach

trators and alumni were actively

Volunteer Experience (L.O.V.E.) pro-

engaged throughout the city and on

gram has provided students, faculty and

campus during the apostolic journey:

staff with opportunities to learn and

President Brennan O’Donnell and

serve in some of the most economically

Brother Jack Curran, FSC, vice

challenged areas of the country and

president for mission, attended the

the world. This past year, 87 students

Evening Prayer service led by Pope

traveled to a variety of places, including

New Orleans, Arizona, Montana, Texas,

continue to grow in number of

Ecuador and Haiti.

participants and events.

• The recently launched Lasallian

Top: Crafted in the early 20th century, James II Visiting Children of His Irish Followers is one of 12 exquisite stained glass windows that Manhattan College acquired from the former Brothers’ Novitiate in Barrytown, N.Y., last year. Bottom: Meghan Dinegar ’16 educates the College community about Fair Trade goods, which are produced by farmers and artisans who receive fair wages and can perform their duties in a safe environment.

• CMSA’s Lasallians in Faith Together,

Outreach Collaborative (L.O.Co.), which

or the L.I.F.T. program has been gaining

partners with local organizations such

recognition since its introduction

as Concourse House and the River-

last year. This three-day social justice

dale-Yonkers Society for Ethical Culture,

training retreat is designed to educate

grew from 15 members in the previous

students about the Fordham-Bedford

spring to 45 members during the 2015-

neighborhood of the Bronx, and to help

16 academic year.

them to understand that economic,

• More than 50 students participated in the Service on Saturdays program, which debuted in the fall of 2015. These

social and political dynamics of the neighborhood, the borough and the city.

• Throughout April, also known as

one-time service opportunities have

Mission Month, the campus hosted

included work with City Harvest Mobile

more than 100 events that in various

Markets and Friends of Rockaway, and

ways express our identity as a Lasallian

PRESIDENT’S REPORT |

5

Catholic college. The events ranged from

the Jesuit Volunteer Corps; and Anthony

disadvantaged students. This year, the

lectures and presentations, to meditation

Fischetti accepted a position with Rostro

Center further developed its curriculum

sessions directed by our late chaplain,

de Cristo.

and sponsored a teaching and learning

Father George Hill, who passed away in September.

• Manhattan’s annual Day of Service, a

and university students across the U.S. this year to be named a Newman Civic

workshop for K-12 educators featuring Ken Bain, president of the Best Teachers Institute and author of the influential book, What the Best College Students Do.

highlight of the Mission Month calendar,

Fellow, an award honoring those demon-

drew more than 100 students, faculty

strating exemplary service to their local

• Dedicated to advocating understand-

and staff volunteers. From morning until

communities. Caiafa was recognized for

ing across religious traditions and to

evening, these volunteers worked across

his volunteer work at the Bronx-based

fostering interreligious dialogue, the

neighborhoods in the Bronx.

Renaissance Youth Center.

Holocaust, Genocide and Interfaith Ed-

• This past year, five members of the class

6

• David Caiafa ’19 was one of 218 college

• Launched in early 2015, the Center for

of 2016 committed themselves to full-

the Study of the Future of Education was

time service positions after graduation:

founded to be a resource for promoting

Madison Cona, Jo-Ann Mullooly and

educational opportunity and fostering

Kathryn Varone are serving as Lasallian

success across the spectrum of schools,

Volunteers; Katherine Hyche entered

with special focus on the needs of

| 2015 – 2016

ucation Center continued to deepen its programming and extend its influence on and off campus. Among the prominent speakers and events on campus this past year were: Marion Kaplan, professor of Hebrew and Judaic Studies and

MONEY MAGAZINE RANKS MANHATTAN COLLEGE NO. 3 ON ITS LIST OF THE 50 COLLEGES THAT ADD THE MOST VALUE

THE COLLEGE HOSTED MORE THAN 100 EVENTS THROUGHOUT ITS ANNUAL MISSION MONTH IN APRIL

Skirball Professor of Modern Jewish

suggestions for what we, as a College

History at New York University, who de-

community, can do to solve some of the

livered the eighth annual Frederick Sch-

world’s issues.

weitzer Lecture, entitled Jewish Women and Families during Kristallnacht; and a two-day conference, Abrahamic

MANHATTAN’S ANNUAL DAY OF SERVICE DREW MORE THAN 100 STUDENTS, FACULTY AND STAFF VOLUNTEERS

Religions: Challenges and Cooperation in the Age of Extremism.

• In spring of 2016, the College hosted its second Racial Justice Teach-In, which brought together viewpoints from all corners of the campus to openly discuss issues of race and ethnicity. Linda

MANHATTAN COLLEGE RANKS AMONG THE TOP 100 COLLEGES IN THE UNITED STATES ON FORBES’ LIST OF BEST VALUE COLLEGES 2016

Sarsour, executive director of the Arab American Association of New York, delivered the keynote address.

• During a talk entitled The United Nations 2030 Sustainable Development Agenda: How it came about and what it means to you, Ambassador David Donoghue, the U.N.’s representative from Ireland, described the goals its member states are planning to achieve in the next 15 years. He offered 87 STUDENTS PARTICIPATED IN L.O.V.E. TRIPS THIS PAST YEAR, OR THAT THERE WERE MORE THAN 100 EVENTS AS PART OF MISSION MONTH

Opposite page: More than 100 students, faculty and staff participated in Manhattan’s annual Day of Service to volunteer their time and talent in local communities throughout the Bronx.

Top of this page: The College’s Holocaust, Genocide, and Interfaith Education Center brought together a panel of renowned religious scholars for its conference Abrahamic Religions: Challenges and Cooperation in the Age of Extremism, held on campus last February.

Above: David Caiafa ’19 was one of 218 college and university students across the U.S. this year to be named a Newman Civic Fellow.

PRESIDENT’S REPORT |

7

A DISTINCTIVE LEARNING ENVIRONMENT 8

| 2015 – 2016

“We will advance learning by fostering student engagement and integrated learning through our distinctive environment on campus, in New York City, and with our international networks.”

I

n striving toward core goal two,

• The Residence Life department’s

Manhattan College fosters a learning

Saturdays in the City program, which

environment drawing upon its

offers a weekly rotating slate of urban

position as a residential college in a

excursions, featured a well-rounded mix

major urban center.

of sites this past year: kayaking at Pier

• This past year, the College continued to develop its orientation and first-year experience programs for freshmen and transfer students — aiming to acclimate and support students in their transition into the community.

• The Arches Learning and Living program accepted 171 residents during the 2015-16 academic year who enrolled in courses that incorporate classroom knowledge with volunteer opportunities, as well as participated in cultural and academic excursions throughout New York City.

• Building upon the concept of integrated learning and living, the College debuted four Common Interest Communities (CICs), themed living spaces housed within the campus residence halls, this past year. The communities — Environmental Issues and Sustainability, Performing Arts and Visual Culture, Entrepreneurship, and Nuestra Casa (Our House) — brought together more than 60 like-minded residents.

26, exploring the High Line and walking across the Brooklyn Bridge, as well as visiting the Metropolitan Museum of Art, Strand Book Store, and Museo del Barrio.

• Manhattan College unveiled its first public mural, which was designed and painted by a dedicated group of 12 students on the wall under Founders Bridge, just outside of the Thomas Hall convenience store. The mural, titled Blossom, was developed in partnership with Creative Art Works, a nonprofit that provides dynamic visual arts and multimedia experiences for New York City youth.

• The College’s recently revamped broadcast studio is now equipped with three new Blackmagic Studio 4K cameras — the same cutting-edge technology utilized on professional sets — and a Blackmagic 4K 2-M/E video switcher, which allows for a wider variety of shooting techniques.

Manhattan College is the first higher education institution in the Greater New York City area to operate at this level.

Top: Created by a group of 12 students, Blossom, Manhattan College’s first public mural, depicts the different facets of campus life, intertwined with elements of Manhattan’s Lasallian Catholic heritage. Bottom: Jaspers enrolled in learning and living programs, such as the Arches or one of the College’s new Common Interest Communities, have the opportunity to explore many of New York City’s cultural sites, as well as to become better acquainted with students who have similar interests.

• According to surveys administered

by Manhattan’s Office of Career Pathways (OCP), the data collected about career outcomes nine months after graduation for 2012-2015 graduates shows consistent increases in positive career outcomes and a steady decrease in those still seeking or not pursuing employment.

• 89 percent of recent graduates are employed or in graduate school, and the 89 percent that accepted employment are employed full-time (including those enrolled in graduate school and working).

• For those working full-time, 85 percent reported that their employment is related to their field of study, and 84 percent indicated it was in their desired industry.

• Only 11 percent of graduates were still seeking or not pursuing employment, a one percent decrease from May 2014 graduates.

• The median base salary of 2015 graduates is between $50,000- $60,000 for those working full time, and the average salary reported from individuals is $55,426.

PRESIDENT’S REPORT |

9

PAYSCALE RATES MANHATTAN COLLEGE AS THE TOP CATHOLIC COLLEGE ON ITS 2016 COLLEGE RETURN ON INVESTMENT (ROI) REPORT

• The total number of recent graduates in graduate school remains about the same — between 28 and 31 percent. The top graduate schools include Columbia University and other New York City schools, which reflects graduates’ desire to stay in the metropolitan area.

• 75 percent of recent graduates completed an internship while in school, and 94 percent of those students had landed a job nine months later.

• When asked how graduates obtained

Program were still seeking employment nine months from graduation.

• The top employers for Jaspers included: AIG, Bank of America, Con Edison, Hearst Corporation, JPMorgan Chase, KPMG, NBC Universal, New York City Department of Education, Port Authority of New York and New

• Approximately four percent of graduates accepted fellowships in service or advocacy roles, including AmeriCorps, Peace Corps, FEMA, Lasallian

indicated it was through a Manhattan

Volunteers, and Jesuit Volunteer Corps.

percent since the previous year.

• 18 percent of the May 2015 graduating

liberal arts students plus their families were invited to a reception at the midtown office of Mutual of America Life

Program, one of the Center for Career

Insurance Company, where two accom-

Development’s core programs, which

plished alumni — Christopher Gorman

matches students with alumni for a year

’05, a marketing and external relations

of mentorship. Only seven percent of the

professional at the Metropolitan Museum

students that participated in the Mentor

of Art, and Margaret Kelly-Finch ’95,

| 2015 – 2016

170 STUDENT-ATHLETES WERE NAMED TO THE MAAC HONOR ROLL FOR EARNING A 3.2 GPA OR HIGHER

• In April, 60 prospective business and

class participated in the Mentor

10

IN ITS ANNUAL COLLEGE SALARY REPORT FOR 2016-17, PAYSCALE ALSO LISTED MANHATTAN AT NO. 45 FOR SALARY POTENTIAL OUT OF 963 COLLEGES AND UNIVERSITIES NATIONWIDE

Jersey, and Turner Construction.

employment, more than 40 percent College resource, an increase of two

89 PERCENT OF RECENT GRADUATES REPORTED THAT THEY ARE EMPLOYED OR IN GRADUATE SCHOOL

MANHATTAN’S STUDENTATHLETES SPENT A TOTAL OF 6,856 HOURS VOLUNTEERING

• Under the guidance of chemical

an executive director at Morgan Stanley

receive this award, which enabled her

— shared their professional stories. The

to study in Madrid during the 2015

engineering professor Gennaro

event was hosted by Tom Moran ’74,

spring semester.

Maffia ’72, ’73, graduate students

chairman of Mutual of America.

• Manhattan College had its best-ever

• The Center for Urban Resilience and Environmental Sustainability (CURES)

showing at the 2015 New York College

hosted Made in the Bronx: Green

Fed Challenge, and earned a spot in the

Buildings, Green Jobs, a forum that

finals. The team of business students

pooled the knowledge of 80 community

reached the furthest round of any

members and students on a number

Manhattan team during its five-year

of environmental topics. The

participation in the contest.

conference was co-hosted by Bronx

• Jenifer Martin ’17 received a Benjamin A. Gilman International Scholarship, a prestigious award sponsored by the U.S. Department of State’s Bureau of Educational and Cultural Affairs. She is the first Manhattan College student to

Climate Justice North, a grassroots

Sebastian Garcia ’15, ’16 (M.S.), Eugene Heerschap ’15, ’16 (M.S.) and Olivia Mason ’15, ’17 (M.S.) are working with Anne Gaffney, a senior laboratory fellow at the Idaho National Laboratory, who is leading a project with the United States Department of Energy to help reduce carbon footprints and bring novel catalysis to commercialization.

climate justice alliance, and organized

by Yelda Hangun-Balkir, director of CURES and assistant professor of environmental science.

Opposite page: At a special reception held at the midtown office of Mutual of America Life Insurance Company, students accepted into the Schools of Liberals Arts and Business learned about all of the offerings and advantages provided by those two schools. This page: The Manhattan College team made it to the finals — its best showing — at the 2015 New York College Fed Challenge.

PRESIDENT’S REPORT |

11

• A two-day Intensification of Resource Recovery Forum in August that targeted technologies capable of recovering energy, fuels, clean reusable water and other wastewater resources took place on campus. The conference was made possible through a 2015 National Science Foundation grant to foster collaboration with the water industry, and drew upon the expertise of Robert Sharp, professor of civil and environmental engineering, and several engineering students.

• As per high Jasper standards, many of the College’s athletic teams and student-athletes had exceptional years — on and off the field.

• 170 student-athletes were named to the MAAC Honor Roll for earning a 3.2 GPA or higher during both the fall and spring semesters in 2015-16.

12

| 2015 – 2016

• 17 of Manhattan’s intercollegiate teams collectively earned a GPA of 3.05.

• In the spring, 26 student-athletes earned perfect 4.0 GPAs for the semester.

• The women’s basketball, golf and softball teams received NCAA Academic Progress Rates (APR) for their success in the classroom.

• Both the swimming and diving teams received College Swimming Coaches Association of America Scholar-AllAmerica status for the fall and spring semesters.

• In the 2015-16 academic year,

• The Jaspers ranked second nationally in community service by the organization Helper Helper in the fall of 2015.

• Elena Bowman ’16 capped off an outstanding career as one of 10 finalists for the Senior CLASS Award, and earned Second Team honors. The Senior CLASS (Community Classroom Character Competition) is a prestigious recognition of Division I student-athletes who excel in the classroom and in their local communities. With selections to the All-MAAC First Team and All-Northeast Region Second Team, Bowman also became just the second player in MAAC history to belt 50 career home runs and

student-athletes spent a total of 6,856

graduated as Manhattan’s all-time leader

hours volunteering.

in that category (52).

•M anhattan College won first place in

• It was a standout year for the women’s

the Metro Atlantic Athletic Conference

soccer team, whose successes resulted

(MAAC) Goodworks Challenge.

in the program’s first-ever appearance

in the MAAC Championship Game.

Kristen Skonieczny ’16 earned MAAC Goalkeeper of the Year, while Jenny Bitzer ’16 was named MAAC Defensive Player of the Year, and Brendan Lawler was honored with MAAC Coach of the Year.

• Parker Giarratana ’19, of the men’s lacrosse team, was also recognized as MAAC Rookie of the Year.

• After beginning its varsity season in 2015, the women’s rowing team had a successful inaugural year, and the team competed at the Head of the Charles for the first time, as well as in the MAAC Championships.

• Blerim Pocesta ’16, of the indoor track and field team, competed in the USA Track & Field Indoor Championships, making him the first Manhattan student-athlete to compete at U.S. Nationals since 2004. He came in 14th in the weight throw with a best

Opposite page: The women’s soccer team made its first appearance ever in the MAAC Championship game, and received several Player of the Year awards. Softball star Elena Bowman ’16 was selected as a finalist for the Senior CLASS Award, a prestigious recognition of Division I student-athletes for their achievements in the classroom and in their local communities. This page: Men’s lacrosse standout Parker Giarratana ’19 earned MAAC Rookie of the Year. Athletic Hall of Fame member and former men’s basketball player Jack Powers ’58 became the first athlete to have his number (34) retired at the College.

effort of 19.46 meters (63 feet, 10¼ inches). Nick Matson ’19 took 12th in the men’s 3,000-meter steeplechase at the USA Junior Championships.

• Former men’s basketball player Jack Powers ’58 became the first Manhattan College athlete to have his number (34) retired. Powers served as head coach of the men’s basketball team and went on to become athletic director. He was inducted into Manhattan’s Athletic Hall of Fame in 1988.

PRESIDENT’S REPORT |

13

A DISTINCTIVE LEARNING ENVIRONMENT 14

| 2015 – 2016

“We will advance learning through the distinctive dynamic of our integration of liberal arts and professional disciplines throughout the College.”

T

he strategic plan’s third core goal

by author William Sullivan, and fellow

underlines the importance of

Jaspers Emily Cutler ’16, Chris Hoey ’17

integrating Manhattan College’s

and John Trieste ’16 presented research

core competencies, the cultural and educational resources of New York City, and innovation in teaching into the curriculum.

• At the annual Research Scholars Pre-

they conducted at the College.

• A sustainability research project in the School of Engineering received a $15,000 grant from the Environmental Protection Agency. Led by Feksi Basha

sentation Day in September 2015, more

’16, Umar Miah ’17, Daniel Hussey ’15,

than 65 students displayed research

’17 (M.S.), and overseen by civil and en-

they conducted throughout the summer

vironmental engineering professor, Goli

as participants in the Jasper Summer

Nossoni, the study set out to determine

Research Scholars, Lasallian Research

the efficacy of a new sustainable concrete

Scholars, Summer Fellows, Branigan

that reduces the corrosion of steel rein-

Scholars Grant, and the School of Sci-

forcement in the presence of chloride.

ence Dean’s Office Summer programs.

• Four students participated in the Col-

• The College’s annual Business Analytics Conference and Competition invited

lege’s Lasallian Research Scholars Pro-

more than 100 participants from 19

gram, launched in spring 2015. Working

colleges in April to campus and to Mic-

alongside faculty advisers, the Lasallian

rosoft’s New York City headquarters. The

researchers explored topics developed by

Jasper team, which consisted of comput-

the International Association of Lasal-

er science major Tylor Borgeson ’16, and

lian Universities, and took part in the

two business analytics majors, Dennis

2015 Saint Mary’s University Interna-

Eriksson ’17 and Marc Stefan Hoeller

tional Symposium on Lasallian Research.

’17, took first place in the two-phase

• In January 2016, several Manhattan College students were invited to share their

competition.

• For the first time, this past spring’s

research findings at a New American

Innovation Contest featured two

Colleges & Universities conference at the

winners. Marketing and global business

National Press Club in Washington, D.C.

double major Meghan McKee ’17 won

Dylan Gray ’16 discussed integrative

the social category for a Global Aid Kit

education on a panel that was moderated

she created to equip world travelers with

MANHATTAN COLLEGE RANKED NO. 17 IN U.S. NEWS & WORLD REPORT’S AMERICA’S BEST COLLEGES 2017 SURVEY healthcare items they may need abroad, and finance major Daniel Hey ’19 won

THE BUSINESS ANALYTICS CONFERENCE AND COMPETITION INVITED MORE THAN 100 STUDENTS FROM 19 COLLEGES TO CAMPUS

the business category for Angel Ventures, an app that brings angel investors to the mobile world. The competition, now in its third year, invites teams of students from across the College to pitch their ideas and

THE PRINCETON REVIEW LISTS MANHATTAN COLLEGE AS ONE OF THE NATION’S BEST INSTITUTIONS FOR UNDERGRADUATE EDUCATION

business startups to a panel of eight faculty, alumni and entrepreneurs.

•P reviously offered as a co-major, Manhattan now offers business analytics as a stand-alone major. The program seeks to improve business performance through

MORE THAN 65 STUDENTS PARTICIPATED IN MANHATTAN’S ANNUAL RESEARCH SCHOLARS PRESENTATION DAY

quantitative methods and strategized decision-making.

• For the first time in the program’s history, the College’s Model United Nations (U.N.) team participated in the National Model U.N. ConferenceEurope, and earned an outstanding delegation award (the highest award a team can receive) for its representation of the Russian Federation.

Top: The Jaspers took first place in the College’s annual Business Analytics Conference and Competition, which drew more than 100 participants to campus and to the New York City headquarters of Microsoft in April.

Bottom: The Model United Nations (U.N.) team traveled to the Czech Republic in November 2015 to compete for the first time at the National Model U.N. Conference-Europe, and earned an outstanding delegation award.

PRESIDENT’S REPORT |

15

• Last January, marketing and management professor Carolyn Predmore led a group of students enrolled in the department’s Field Study Seminar (MKTG 414) and International Marketing Field Project (MBAL 642) courses to Costa Rica for a firsthand look at established and burgeoning companies in San José. One of the trip’s highlights was hashing out a marketing strategy for a hop-on, hop-off sightseeing company, City Square Tours, owned

by Andres Oreamuno ’14.

• In June, associate professor of religious studies, Jawanza Eric Clark ventured to West Africa with six Manhattan students. Their two weeks in Ghana

16

| 2015 – 2016

Opposite page: Sarah Caruso ’17 plays with some of the local children during a two-week trip to Ghana last summer, as part of a special topics in religious studies course. It was the College’s first study abroad program in Africa.

More than a dozen students headed to San José, Costa Rica, last winter to tour the headquarters of an international coffee supplier, meet with a representative from the U.S. Department of Commerce, and hash out the marketing strategy for a hop-on, hop-off sightseeing bus company launched two years ago by a Manhattan alum.

This page: Nancy Hensel, president of The New American Colleges and Universities, headlined a plenary at the consortium’s annual conference, which focused on undergraduate research and was hosted at Manhattan College this past June.

marked the College’s first trip to the

• Manhattan College hosted The New

continent and completed requirements

American Colleges and Universities

for RELS 300, Special Topics in

Summer Institute: Supporting Student

Religious Studies.

Success Through Undergraduate

• A 60-credit, graduate-level program in marriage and family therapy program is now available in the School of Education and Health.

• Two new digital learning courses in the Schools of Education and Health, and Continuing and Professional Studies were established this past academic year: an M.S. program in Instructional Design and Delivery, which teaches educators how to integrate 21st century technology into the design and delivery of their instruction by way of storyboarding, wire-framing and interactive media; and an M.S. in Organizational Leadership,

Research in June.

I n its 20th year, the annual conference was focused on undergraduate research, and how it enhances problem-solving, communication, questioning and other skills vital to student development. Attended by 50 Manhattan College faculty members and nearly 130 guests overall, the two-day conference included a session that described ways of tracking retention and career outcomes data led by Rachel Cirelli, the College’s director of career development, and Rani Roy, assistant vice president for student and faculty development.

which intertwines leadership development plans with hands-on learning and professional assessments to further students’ ability to lead and serve in their chosen professions.

PRESIDENT’S REPORT |

17

2015 – 16 FINANCIAL REPORT

Manhattan College ended its 2015-16 fiscal year in a strong financial position; reflecting careful and strategic budget planning; steady, incremental growth in enrollment; and continuing increases in contributions and investment earnings.

Net Assets

Change in Net Assets

Net Assets are the difference between

The College’s net assets grew by

the College’s assets and liabilities.

$17.3 million in 2015-16, an increase

As of June 30, 2016, the value of

of 8%. Since 2009, the College’s net

Manhattan College’s net assets

assets have grown steadily, from $126

totaled $218 million. Of this amount,

million to more than $218 million, an

$130.7 million was unrestricted,

increase of almost 75%.

$35.8 million was temporarily restricted, and $51.4 million was permanently restricted.

18

| 2015 – 2016

ASSETS

2015 2016

Cash and Cash Equivalents

$48,628,822 $52,693,771

Accounts Receivable*

$1,000,835

$982,398

Government Grants and Other Receivables

$679,416

$879,837

Contributions Receivable, Net

$41,838

$3,991,086

Prepaid Expenses and Other Assets

$575,026

$627,364

Investments

$77,935,283 $80,295,657

Other Receivables**

$1,099,138

$1,093,843

Funds Held by Bond Trustee

$15,694,172

$20,433,230

Property, Plant and Equipment, Net

$169,346,392

$166,795,523

$315,000,922

$327,792,709

2015

2016

Accounts Payable and Accrued Expenses

$8,064,738

$8,306,879

Deferred Revenues and Student Deposits

$11,866,534

$11,914,696

Liability Under Planned Giving Agreements

$1,107,362

$1,054,294

Long-Term Debt

$90,451,701

$85,618,782

Asset Retirement Obligation

$1,637,000

$1,654,000

U.S. Government Grants Refundable

$1,221,672

$1,221,672

$114,349,007

$109,770,323

TOTAL ASSETS

LIABILITIES AND NET ASSETS Liabilities:

TOTAL LIABILITIES Net Assets: Unrestricted

$122,816,234 $130,713,810

Temporarily Restricted

$31,294,292

$35,866,737

Permanently Restricted

$46,541,389

$51,441,839

$200,651,915

$218,022,386

$315,000,922

$327,792,709

TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS

* Net of allowance for uncollectible amounts of $813,000 in 2016 and $886,000 in 2015. ** Net of allowance for uncollectible amounts of $90,000 in 2016 and 2015.

PRESIDENT’S REPORT |

19

MANHATTAN COLLEGE REVENUES, FISCAL YEAR 2015-2016

Government Grants and Contracts

$3 All Others

$2

Investment Income

$1

Contributions

$19

Auxiliary Enterprise

Tuition and Fees (Net)

$34

$86

Figures are represented in millions.

TOTAL REVENUES $145 MILLION This includes $136 million in unrestricted revenues, $5 million in restricted revenues, and $4 million in permanently restricted revenues.

Revenues Manhattan College received $145.6 million in revenue in 2015-2016, of which $136.1 million of these revenues were unrestricted, $4.6 million was temporarily restricted (i.e., designated by donors and other contributors to support specific programs and activities), and $4.9 million was permanently restricted revenue, which went to augment the College's endowment.

The College’s revenue increased by 10% in 2015-16 compared to 2014-15. The increase in total revenues is a result of significant increases in tuition and fees revenue, contribution and auxiliary enterprises.

At $86 million, student tuition and fees represented 60% of the College's 2015-2016 revenues (net of College-provided financial aid). Another 23% of revenue ($34 million) was generated by the activities of the College's auxiliary enterprises, 13% came from contributions, 1% came from investment income, 2% came from government grants and contracts, and 1% came from all other sources.

20

| 2015 – 2016

MANHATTAN COLLEGE EXPENDITURES, FISCAL YEAR 2015-2016

Research and Sponsored Programs

$1 Academic Support Services

$12 Residence Life, Food Service, etc.

Instruction

$44

$22

Student Services

$25 Institutional Support

$24 Figures are represented in millions.

Expenditures Higher education costs for wages and salaries, health benefits, utilities, deferred maintenance, capital development and information technology continue to generate increases in expenses for the College.

The 2015-16 budget reflects significant expense increases in all of these categories representing a 6.8% increase over 2014-15.

The largest area of expenditure in 2015-16 was instruction, which at $44 million represented 34% of total College expenditures. Other major expenditure areas were student services ($24.7 million, 19% of total expenditures); auxiliaries such as residence halls, food services and the College's store ($21.9 million, 17% of total expenditures); and institutional support ($24.2 million, 19% of total expenditures).

PRESIDENT’S REPORT |

21

MANHATTAN COLLEGE MARKET VALUE OF ENDOWMENT, JUNE 30, 2008-2016 80 75 70 65 60 55 50 45 40 35 30

2008 2009 2010 2011 2012 2013 2014 2015 2016

MANHATTAN COLLEGE ENROLLMENT, FALL 2010 TO FALL 2016 (includes School of Continuing and Professional Studies) 4,100 278

3,900 252

3,700

217

150 157

3,500

144 131

190

3,300 134

3,100 156

2,900

52

2,700

2,913

182

117

201 230 98

197

192

109 115

144

3,006

3,141

3,195

3,267

3,369

3,384

2,500 2010 2011 2012 2013 2014 2015 2016 Undergraduate Full Time 22

| 2015 – 2016

Graduate Full Time

Undergraduate PT (FTEs)

Graduate PT (FTEs)

On opposite page: Endowment The market value of Manhattan College's endowment, including reinvested earnings, increased steadily from 2010 until 2016. In 2016, the College experienced a growth of its endowment value from approximately $77 million in 2015 to $80 million in 2016, an increase of just over 4% compared to the market valuation 12 months earlier.

Enrollment Total full-time equivalency (FTE) enrollment has grown by more than 20% at Manhattan since 2010 and now is exceeding 4,000 students, including more than 3,300 full-time undergraduate students. The College's strategy is to encourage incremental steady growth in enrollment appropriate to the College's resources and mission.

Growth has occurred primarily in the categories of full-time undergraduate and part-time graduate.

MANHATTAN COLLEGE TOTAL CONTRIBUTIONS RAISED, FISCAL YEAR 2015-2016 TOTAL RAISED $15.19 MILLION

Estates $.42M

Corporations and Foundations 3% 10% $1.6 M

Parents,Employees, and Friends 13% $1.93 M

Alumni 51% $7.73 M

Current Trustees and Emeriti 23% $3.5 M

PRESIDENT’S REPORT |

23

ALUMNI PARTICIPATION RATE

18% 17% 16% 15% 14% 13% 12% 11% 10% 2011

2012 2013 2014 2015 2016

Manhattan College

U.S. News Peers

OVERALL FUNDS RAISED, FISCAL YEARS 2011-2016

$18 $16 $14 $12 $10 $8 $6 $4 $2 $0 2011 2012 2013 2014 2015 2016 Figures are represented in millions.

24 | 2015 – 2016

BOARD OF TRUSTEES CHAIRMAN Kenneth Rathgeber ’70 Retired Executive President & CCO Fidelity Investments

Moira Kilcoyne ’83 Retired Managing Director/CIO Morgan Stanley

Brennan O’Donnell President Manhattan College

VICE CHAIRMEN

Noreen Krall ’87 Vice President and Chief Litigation Counsel Apple, Inc.

Kenneth Orce ’65 Retired Executive Committee Member & Partner Cahill Gordon & Reindel LLP

John Magliano ’66 Chairman Emeritus Syska Hennessy Group

Michael Paliotta ’87 Managing Director, Global Head of Equities Credit Suisse

Br. Dennis Malloy, FSC Provincial District of Eastern North America, Brothers of the Christian Schools Michael Passarella ’63 Retired Partner PricewaterhouseCoopers LLP BOARD MEMBERS John Banks III ’85 President Real Estate Board of New York

Br. William Mann, FSC President St. Mary’s University of Minnesota Fredric Marro ’77 Founder and President Westmont Associates

Patrick Boyle ’75, ’82 Retired Executive Vice President New York Life Investment Management

Rosanne Thomas Matzat ’82 Partner, Bankruptcy Department Hahn Hessen, LLP

Br. Frank Byrne, FSC President Christian Brothers Academy

Marybeth McCall ’74 Retired Vice President & Chief Medical Officer Excellus BlueCross BlueShield

Gerard Caccappolo ’63 Retired CEO Ebone Clare Cunniffe ’81 Vice President, U.S. Financial Services Informatica Corp.

John Desmarais ’85 Founding Partner Desmarais LLP William Dooley ’75 Retired Executive Vice President, Investments American International Group Thomas Farrell ’83 Partner Cove Property Group Cornelius Higgins ’62 Retired CEO & Co-Chairman Applied Research Associates, Inc.

Br. Michael McGinniss, FSC President Emeritus, Professor of Religion La Salle University John McMaster ’78 President Preparedness Health & Safety Services American Red Cross James Motherway ’83 Managing Director Global Head of Audit BlackRock Peter Mulderry ’87 Managing Director of Marketing/Client Services Highfields Capital Management Peter Musumeci Jr. ’72 Consultant MetroBank, London, England

Milo Riverso ’81 President and Chief Executive Officer STV Group, Inc. Anthony Scala Jr. ’74 President Lowy & Donnath, Inc. Br. Robert Smith, FSC Chief Academic Officer Vice President of the Schools of Graduate and Professional Programs St. Mary’s University of Minnesota Stephen Squeri ’81, ’86 Vice Chairman American Express Company Margaret Walsh ’79, ’82, ’93 President Manhattan College Alumni Society

4513 Manhattan College Parkway Riverdale, NY 10471