Belmont University President's Report 2014

U EETI TREN RY ST E ORGA TING FOR I NG-TE TRA OLOG NG-TE ATT OLOG M S N A Y T O O N N ON MATIONAL RAORDIN NOVATIO G-TERM TTRAC HNOLOG RING L FAITH A G TECH ING L AN FAITH G TECH NG LON R ANIZ NG EXT Y FOR IN ING LON FAITH ANG TEC ENSU RISTIAN TILIZIN ENSU CHRISTI ILIZIN NSURI UR CH T I N O I S H S G R ACT CHNOLO ENSURCHRISTIA UTILIZ IONSHIP G OUR C MENTS UIONSHIP ING OU MENTS UNSHIPS E FYING ONMEN I G TE NSHIPS G OUR NMENTS E RELAT LIFYIN NVIRON E RELAT PLIFY NVIRON RELATIO EMPL G ENVIR TIVE R E E X O M IV N IN IV IO P SI ELAT PLIFYI G ENVIR G POSIT EXEM ANGING G POSIT DS EXE ANGING POSITIVE NEEDS E CHANG ING PO ITY'S N N IN TO M EE CH CH N U 'S N DS EXE O CHANG URSUI Y'S NEE ING TO URSUI NITY'S N ING TO SUING MUNITY PTING PURS COMMU ANIZAT G R R T S T M U NG DENTS POMMUNI ADAPT DENTS PR COMM ADAPT NTS PU OUR CO TH ADA TUDENT ING OU TERM OR 'S NEED STU OUR C ENGTH RY STU G OU ENGTH STUDE TING STRENG INARY S MEET LONG- MUNITY SUR G L STR DINA ETIN L STR INARY MEE ONAL AORD G ON OM EN N I T E TIONA TRAOR N ME TIONA AORD ATION IZATI EXTR NNOVATI SURIN OUR C NSHIPS R CHRI OU EN EN TING LATIO NIZA ING EX NOVATIO RGANIZA G EXTR R INNOV ORGAN CTING Y FOR I G E N E I NM E VE R G M Y N T N O A O O I O R I M F C R F L E I R T I R M C I T L V T I N O RA GY FO G-TER TRAC OLOGY ONG- H ATT ECHNO P T S E M O G P L EXE HANGIN PTING TS P NOLO NG LON AITH AT G TECHN RING IAN FAIT IZING T A C EN O I T D F U L D O 4 S I N R A S I T N U I 1 T T R A 0 U H N S RISTI TILIZ PS E CH NTS U GT ARY S TING T2 N R R E I O U H R E U P IN MEE STR T E S D R R C ENTS TIONSH ING O IRONM R L S O A M Y A ON EXTRA VATION TIONAL IN V NT’ I E T D A I Z IRON TIVE REL MPLIF GING EN DS NI TING NO ANIZA RACT RES A N I P E E I G N E S X R R A Y O RAC Y FO RG ATT OGY F T PO EDS E TO CH TY'S N ION I O M S R M E AT NI -TE H ATT NOLOG G-TER FAITH CHNOL ON VER G I N N Y'S N PTING COMMU R INNOV FAITH O N STIAN IT TECH L U O A TE ING L L F G T A G O R I N G N N D N F I G A U R N A H A ING O OLOGY HRISTI L ELMO UR HRISTI ILIZIN SURIN OUR CH TILIZI NSUR G OUR S A N S E OUR C TS UT IPS EN YING ENTS U HIPS E LIFYIN NGING EET TECHN OUR C IZATION G B P I H G S G G H P M EN N NS IF HA IZIN LIFYIN M ORGA DAPTINRELATION LIFYIN VIRONM LATIONS EMPL NVIRON RELATIO S EXEM G TO C SUIN P E R X P E N R D E IN XEM LONG-TE NEEDS APOSITIVE S EXEM NGING E SITIVE R NEEDS EHANGING POSITIV Y'S NEE DAPT ENTS PU OUR C NG UNITY'S UING 'S NEED TO CHA ING PO UNITY'S G TO C UING MMUNIT ENGTH A Y STUD ETING IONAL E S O G T S R N M U TY M AR COM TS PUR OMMUNI APTIN PURS UR COM DAPTI TS PUR G OUR C ONAL ST AORDIN ATION M RGANIZA G EXTR I S V A D R N O UDEN G OUR C NGTH A TUDENT TING RENGTH Y STUDE EETIN GANIZAT NG EXT OR INNO -TERM ORACTINOGY FO E S M E G I L R F T R ETIN NAL STR DINARY TION ME IONAL S ORDINA OVATION -TERM O TRACT OLOGY NG LONAITH ATT TECHNO NG LO I N R I O T ZATI EXTRAO INNOVA GANIZA G EXTRA FOR INN G LONG FAITH AT G TECH NSUR ISTIAN F LIZING NSUR HRISTI E R E C R N Y IN N G TI OR TIN LOGY FO -TERM RACTI HNOLOG NSUR HRISTIANUTILIZI ONSHIPS OUR CH ENTS U NSHIPS G OUR ENTS U G O E T I C IO M IN M G

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VISION 2020

04

ATTRACTING EXTRAORDINARY STUDENTS

08

PURSUING POSITIVE RELATIONSHIPS

12

ENSURING LONG-TERM ORGANIZATIONAL STRENGTH

16

ADAPTING TO CHANGING ENVIRONMENTS

20

UTILIZING TECHNOLOGY FOR INNOVATION

24

MEETING OUR COMMUNITY’S NEEDS

28

EXEMPLIFYING OUR CHRISTIAN FAITH

32

STATEMENT OF FINANCIAL POSITION

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PRESIDENT'S REPORT 2014

VISION 2020 SEVEN STRATEGIC PRIORITIES

At Belmont University, we believe that every student was created by God for a purpose and endowed with unique gifts, talents and passions.

Our mission is to help develop our students’ abilities and encourage their dreams, to empower them to use what they learn here to engage and transform the world because our greatest privilege, and what gives our lives meaning, is having the capacity, health and intellect to help someone else.

With that mission in mind, together we crafted a set of strategic priorities that will chart our future course as a Christian community of learning and service. These goals, our Vision 2020, represent the Belmont University that we are committing ourselves, both individually and collectively, to create in the coming years.

BELMONT UNIVERSITY

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VISION 2020

1

WE WILL STRIVE TO ATTRACT, RETAIN AND GRADUATE EXTRAORDINARY STUDENTS.

2

WE WILL PURSUE TRANSPARENCY, OPEN CONVERSATIONS AND POSITIVE RELATIONSHIPS AS TOOLS FOR CREATING A RENEWED SENSE OF MUTUAL RESPECT AND COLLABORATION.

3

WE WILL ENSURE LONG-TERM ORGANIZATIONAL STRENGTH BY THE EFFICIENT AND RESPONSIBLE USE OF OUR RESOURCES.

4

WE WILL ENGAGE IN ONGOING EVALUATION OF OUR LEARNING PROCESSES AND ADAPT TO CHANGING ENVIRONMENTS.

5

WE WILL UTILIZE TECHNOLOGY RELATED TO INFORMATION DISSEMINATION, LEARNING, INSTRUCTIONAL DELIVERY AND ADMINISTRATIVE PRACTICE TO INNOVATE.

6

WE WILL CONTINUE OUR COMMITMENT TO BE “NASHVILLE’S UNIVERSITY,” ALIGNING BELMONT’S VISION AND RESOURCES WITH THE EVER-CHANGING NEEDS OF THE PEOPLE IN OUR COMMUNITY.

7

WE WILL EXEMPLIFY OUR CHRISTIAN FAITH BY RESPONDING TO THE IMPERATIVE EXPRESSED IN JAMES 1:22, WHICH STATES “DO NOT MERELY LISTEN TO THE WORD… DO WHAT IT SAYS."

Seeds of these seven goals are already beginning to bloom—the pages that follow show the many ways Belmont University embraced Vision 2020 themes in 2014.

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PRESIDENT'S REPORT 2014

I ME ATIONAL TRAORD OVATION ORGAN ING EX MEET UNITY'S ACTIN ATTR UTILIZ S ANIZ ING EX FOR INN NG-TERM TRACT TUDENT R COMM H ATTR AN FAITHNMENTS ATIONS T OGY L M I VIRO T T ARY S G OU O T I C E L A S A R A I F H G L R HNO N R CHR G EN SITIVE EXE IT RDIN N N A I A I I F T T R TEC ENSU ISTIAN XTRAO S MEE CHRIS G OU HANGIN G PO NEEDS NGIN R FYIN TO C IN ITY'S O CHA P S R CHR NG E DENT U P U O I S I H G I U N T L ING S G OU R S T T U N P T S I U G C M N Y Y M P N E A M T R I F YIN ATTR RDINA MPLI DS EXE ADAP UDENTS OUR CO DAPT Y STUD OUR R N TRAO EXE G G E GTH T A A O E S G N I N H N I I T Y N T T TREN 'S TREN INAR EETI RENG AORD VA G EX ENTS E Y E T I S S N D M R D T N T L U R I L U M S N X G A O T A T M O L E N I N C ARY S M ATION XTRA ATION IONA NG T I O I O A T T C V E O ANIZA RAC TE I V T R Z N N A T I I O U G Z N N D N C O I I R T NG G G ORGA CTIN FOR IN RGAN TRA FOR T R A N O I I N H T Y T A O M Z T M A G I I E Y R R R M A O L E G ME ONG-TE H ATT NOLO G-TER N FAITH CHNOL ONG-T TIAN F S UTI IPS E G L IAN FAIT G TECH NG LON RISTIA ING TE ING L R CHRIS NMENT ATIONSH PLIF RIST TILIZINNSURI OUR CH UTILIZ ENSURING OU G ENVIRO IVE REL S EXEM CHAN S LIFY NGIN IT NEED G TO U U IPS E YING ENTS S P I S O T H P N NSH S A NG S N URS F P ' M N I I H Y N O L T C M T I O I I P T P E O LATI EXEM G ENVIR VE RELA EDS EX TING TO URSU OMMUN TH ADA ENTS P OUR C C EEDS CHANGIN POSITI ITY'S NE ADAP DENTS P G OUR STRENG RY STUD ETING STREN A E NAL G MUN NGTH U N L N O T I I A N M T S I T O D N N A Y E R G RSU COM O O E I O I R R O E I T R T T A A T A T A X R NOVA ANIZ S IN ION M ANIZ E T R U D L X U G P A R E N O N O T G N G N N I I A O G I A TS ING R R I V R T O T O R N R T O ZA G EX R INN TERM ACTI GY FO TERM TRAC GY FO RM T I E N A E M M ORG CTIN GY FO LONG- ATTR NOLO ONG- H AT NOLO G-TE TER ATTRA HNOLO RING FAITH G TECH RING L IAN FAIT G TECH NG LON ISTIAN I C N IZIN R T T N U U E I H A S R H I T I T S S Z C I T I U R A N R CH G S EN HRIS L L ENS R TS U I I E U N T T I O S Z P U U C P TILI TIONSHI G OUR MENTS TIONSHI ING OU MENTS NSHIPS IFYING RONMEN LATIO N LIFY VIRON LATIO MPL ENVI VE RE S E RELA FYIN VIRO RELA BELMONT UNIVERSITY

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SECTION NAME 2014

1 WE WILL STRIVE TO ATTRACT, RETAIN AND GRADUATE EXTRAORDINARY STUDENTS.

2014 WAS AN INCREDIBLE YEAR AT BELMONT University, one filled with impressive achievements, grand openings, high rankings, new programs and other significant news. A highlight, though, was the institution-wide, collaborative process of creating Belmont’s Vision 2020, the plan which will guide our progress the next five years.

While focused firmly on our future, Vision 2020 finds its roots in this University’s current identity.

The seven Strategic Priorities outlined in this 2014 President's Report begin with what qualities we believe are vital for us today and provide an aspirational outline for who we want to become as an institution. And, of course, it all begins with our students.

VISION 2020

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PRESIDENT'S REPORT 2014

BELMONT UNIVERSITY

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ATTRACTING EXTRAORDINARY STUDENTS

With a record enrollment of more than 7,300— and new, innovative programs in publishing, music therapy and a combined PharmD/MBA— Belmont continues to attract a large and diverse student body. Those students come to Belmont confident they will receive an excellent education, a fact emboldened by the University’s most recent No. 5 ranking in U.S. News & World Report’s annual list of America’s Best Colleges in the South region.

Once here, students are not only challenged academically and personally, but with many cultural opportunities as well, including study abroad locations across the globe. Students are eager to get involved and experience all that Belmont has to offer as they make a name and home for themselves through a variety of co-curricular opportunities, including Greek life, intramural sports and distinctive student organizations like the Equestrian Club, the Anime Guild and the highly regarded a cappella group The Beltones.

Still, we recognize that our mission is to challenge and equip these students for what comes next as they take what they learn here and use it to engage and transform the world. We are merely one step on a life-long journey of learning. Or as Supreme Court Justice Samuel Alito expressed at the commencement ceremony for Belmont Law’s charter graduating class, “It’s good to go through the mental process to identify what is essential and permanent in our lives, those things that matter most.” ■

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I I I A R A T G TI EXTR NNOV RM OR TIN R O R R C R O O M O F F T A R C ING GY FOR I LONG-TE ATTRA NOLOGY LONG-TE H ATTR NOLOGY NG-TERM FAITH AT ECHNO H IT TECH O O TIAN NG T R C H A G L G L E T F O I T N N G A N URI I N S LIZI NSU F G A G I N R I I N R T N N U I I A S R H ENS CHRISTI UTILIZ PS ENS UR CHRI UTILIZ ENSU OUR C TS UTI SHIPS E YING I O ENTS SHIPS YING NMEN TION IF NG R ENTS H L U S G O N P F VIRO RELA XEM ANGI G RONM LATIO IFYIN RONM TION I L P NVI ITIVE RE EMPL G ENVI VE RELA EXEM GING EN OSITIVE EEDS E TO CH ING I EEDS N X NGIN P TY'S N TING RSU P S T A E I O H G S P S C O N IN MUNI DAP S PU XEM G NEED O CHA G P O S T U ' Y S G TY'S TING T RSUIN MMUNIT APTIN S PUR UR COM NGTH A TUDENT NEEDS E G OU N T S E O U I O N S P D R ' C Y Y P E T A A Y R G F D TIN S R GTH A D ENTS IT PLI U U L N T N O I A S U D N N UD TING STRE INARY MEE IZATIO RAOR COMM EXEM T S C T Y E N G A D L X R N S E O A R E A U R N I D N I O T G O T M E ION NIZATIO G EXTRA INNOVA ERM OR CTINGETING TY'S NE TRACT AITH AT NTS U GA TIN Y FOR ONG-T TTRA ME MUNI TH AT IAN F ONME LA R O S C LOG E T NVIR M I L M A P R S A O A I I H F G C E H R R T V O S I N H ATT TECHN SURIN TIAN FA LATION G OUR RISTIA OUR C GING E POSITI EDS E G S EN HRIS VE RE ETIN UR CH ING CHAN ING 'S NE H N I Z SHIP UR C I S ME G O Y G TO RSU NITY C T F I O I S T L O U N O N P P ATIO YING UING P IONSHI PLIFYI EXEM APTINENTS PUR COMM PTING STUDE T IF RS A M EEDS TH AD STUD G OU H ADA NARY ING L L E E P R X U N M N P TIVE I G E Y N T T D I N S R G S ' R E E T A N Y P O O R E I N I E T E I I T A I S VAT G PO TIONSH MMUN ONAL S RAORD ON ME AL STR EXTR TION M ONAL S I N I G A O N I A T SUI IVE REL OUR C GANIZAT ING EX INNOVAT NIZATIO ACTIN R INNOV GANIZAT TRAC T G A T POSI EETIN TERM OR TRACTOGY FOR RM ORG TH ATTR LOGY FO TERM OR FAITH A ILIZIN - TIAN T NOL T IP I E O M T A G A N G U F N N H N H G S O G LO O C N T H N H T S L I E A I C S O N I A T R E L T N E F G T H S O G N UR C RONM LATI G CHRI N STIAN ING I I N N I R I R M Z I I E U R E U HRI O Z V L R R S I X I U N U G E E O N T S IL E T UR C S UT S EN ING O NTS U IPS E IFYIN GING OSITIV EEDS

2 WE WILL PURSUE TRANSPARENCY, OPEN CONVERSATIONS AND POSITIVE RELATIONSHIPS AS TOOLS FOR CREATING A RENEWED SENSE OF MUTUAL RESPECT AND COLLABORATION.

WHERE THERE IS NO VISION, THE PEOPLE PERISH. At Belmont, administration is committed to ensuring that the Vision is not only in place, but is a product of all stakeholders—faculty and staff, students and alumni, donors and friends.

To create our Vision 2020, the road map by which we are driving the coming years, University leadership saw to it that all voices were heard.

From town hall conversations, to intimate focus groups, to widespread surveys, the voices of all were considered.

Becoming a Bruin means joining a community dedicated to intentional collaboration, engagement and service. During Welcome Week— the days immediately following move-in—new students enoy a candlelit evening under Belmont’s iconic Bell Tower, reflecting on the coming year and the new community they’ve joined, taking care to touch the Tower’s bricks and feel the energy of those who came before.

VISION 2020

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“Life Under the Tower” is a powerful symbol for a Belmont student’s way of life, but it doesn’t stop there. It’s extended to faculty and staff who not only commit to creating a student-centered atmosphere but who are also enthusiastic about opportunities to work and serve as teams off campus. Last spring’s inaugural “It’s Bruin Time in the Community” event, for example, provided time for volunteer efforts in the local area. And it’s an attitude found in abundance in our alumni, whether it's those from the Tower Society celebrating more than 50 years since their own commencement to brand new grads relishing a return to Homecoming and their new on-campus Alumni House.

With students positioned firmly as our focus, the Vision 2020 process also revealed just how much the Belmont community values the relationships built on this campus and determined it was imperative to prioritize keeping those relationships healthy through even more collaboration, engagement and service… together. ■

BELMONT UNIVERSITY

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PURSUING POSITIVE RELATIONSHIPS

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S CHAN T PU C UIN UNIT O 'S NE H M D P P C O E T E A R G N TO SUIN UNITY TING URS COMM TH AD DENTS G OU EXE G TIN PUR COMM ADAP ENTS P G OUR TRENG RY STU LIFYIN NEEDS YING D TIN S R GTH S S ' F A P T U U I L Y N T N O L I A T M S I E R D N P N E A N G D Y E R O E I N U X R M O E N I T R TI AL ST RDINA ION M ANIZA EXTRA GTH E COMM S EXE AORD S E E N OUR R TION G ING D M ATION TRAO OVAT T E E R X R E O E T N A S ANIZ ING EX FOR INN NG-TERM TRACT TIONAL ETING UNITY'S CTING IVE REL XEMP T OGY T A H ME A I E NG T O M Z C S I L R A S M A O N T D O H G P A I R HNOL T T E T C I G ENG G E N A G A I R R N N F H O U A N R C 'S O CH PU O N IT SUI R M U E Y A T A I T R T S G F S I T E L G S EN HRIS NG-T ONA IN STIAN PUR MMUN NG T ENTS T E I P C SHI G OUR ING LO ANIZAT TH ME R CHRI DENTS UR CO DAPTI Y STUD OUR C R G RENG G OU Y STU NG O TH A G G R A N R I N U N O I I Y S T T N D I M R F G S N E N R E T A R I N R L O E E E N E E Y T I A A T EEDS LONG- IZATION EMPLIF TRAORD TION ME NAL STR G EXTR ATION MTIONAL S TING O G V X N RIN M ORGA GTH EX TING E INNOVA ANIZATI RACTINOR INNO RGANIZA TTRAC G TEC R N G ATT A R F O N C E O R E F R A T O T G NAL S ATTR LOGY TERM AITH NOLOGY G-TERM N FAITH TILIZI S ENS O F N IA NTS U SHIP FY O AITH H N G I T O C N H T N S L E A I A C O I T Z AN F I TE NG L HRIST ING RING R CHR ONME ATION L P G I RIST TILIZINNSURI OUR C UTILIZ ENSU ING OU G ENVIR IVE REL S EXEM CHANG TS U SHIPS E IFYINGNMENTS NSHIPS PLIFY HANGIN G POSIT Y'S NEED ING TO SUI T PUR C N MPL VIRO IO XEM TO C UIN UNIT T P O I A A T L E ING A EXE G EN E S OMM H AD ENTS OUR R S R D E U E V T T C EEDS CHANGIN POSITI ITY'S NE ADAP DENTS P G OUR STRENG RY STUD ETING STREN A E NAL G MUN NGTH U N L N O T I I A N M T S I T O D N N ATIO A Y E R G RSU COM O E I O R R O E I T R T A A T A T X N ON M ANIZ R NOVA ANIZ S I E T R U D L X U G P A R E N I O N O T S G N G N N I I A O G I A G R R I V R T O T O R N R C Y FO M IN NIZA O ERM XT INNO ERM ACTI F T A E E Y R G A E ORG G NG-T R NG-T T OLOG -TER O N O R T I L F T A O T Y T ERM TTRAC HNOLOG ING LO FAITH A G TECHN ING LO AN FAITH G TECHN G LONG STIAN UR UR EC IN IN HA AN STI RIN HRI

3 WE WILL ENSURE LONG-TERM ORGANIZATIONAL STRENGTH BY THE EFFICIENT AND RESPONSIBLE USE OF OUR RESOURCES.

VALUING PEOPLE AND PUTTING STUDENTS FIRST also means that we need to create an environment that will last, making smart decisions to guarantee a long and secure future. At Belmont, we are committed to responsibly using the gifts we have been given in order to sustain and promote progress. In fact, U.S. News recently ranked Belmont No. 5 among its peers (and the top private institution) in the South region for achieving high efficiency by providing excellent educational quality while keeping expenses low.

It’s no secret that Belmont has achieved phenomenal growth since 2000. What isn’t as well known is that the University has increased its campus footprint by 27 percent while driving down energy costs at the same rate in just the past three years. In fact, Belmont’s newest and largest residence complex, Two Oaks, welcomed more than 400 students last fall. The facility’s construction emphasized environmentally sustainable features while also focusing on student-centeredness, adding common study areas and two multi-purpose classrooms to create prime living/learning real estate. Even Belmont’s move to the Ohio Valley Conference several years ago came as a result of examining resource usage, recognizing the OVC allowed Belmont to both save significant travel funds and raise the bar on competition.

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Moreover, everything built on Belmont’s campus in recent years keeps environmental sustainability efforts at the forefront, with several structures receiving LEED certifications. The Lawn, a favorite student hangout, was temporarily closed to allow the installation of an energy-saving geothermal unit for the surrounding buildings. More than 100 wells were placed 300 feet beneath the Lawn's surface to enable cost and energyefficient heating and cooling. The celebratory re-opening of the Lawn also featured the opening of Belmont’s popular new fountain, a water installation that, like all of Belmont’s fountains, uses recycled water.

Of course, none of Belmont’s growth—or its long-term strength—would be possible without the generous support of countless individuals and organizations. The Jack C. Massey Foundation, which honors the legacy of one of the country’s greatest entrepreneurs and businessmen, ranks high on the list of Belmont benefactors and announced last fall a new gift of $6.75 million to Belmont University. With this donation, the Massey Foundation provides the lead gift in a planned $10 million renovation of the Massey Business Center, bringing innovative technology, facilities and equipment to Belmont’s nationally ranked business school. ■

BELMONT UNIVERSITY

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ENSURING LONG-TERM ORGANIZATIONAL STRENGTH

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TR INNOV RM O CTIN IRONM NG L ERM H ATT ELATI PLIF X E T FAIT I E R G FOR V A T M R E G N E R V G E N U I X T N T O S G LOGY ING LO FAITH AT HANGIN NTS EN RING L HRISTIAN G POSI NEEDS E NGING SUIN A N TY'S R IAN C NME C I R NI U H U O S C R U U T S U S I T N O P O U O N HRIS N T G E R R S I M U T N S G V U G I M M N T N P UR C ADAPTNGING E RONMENPLIFYINDENTS OUR COM DAPTIN Y STUDE OUR CO U I R EEDS TO CHA ING ENV S EXEM NARY ST ETING ENGTH A ORDINA EETING RENGTH T I G A T G E R S D M R N T N N T L R I E M S A N X ATIO G OLOGY A T O CH ONM TRAO TION L E N N A I O N I G T CHN T O V T NVIR G EX A N I A C O I V T Z G A N I A T O IN ING E TIN R INN GANIZ RAC OR IN RGAN ATTR G TE RING F O T N C O HANGATTRA LOGY F TERM OR AITH AT NOLOGY G-TERM N FAITH TILIZI S ENSU G OUR O A U HIP F N I N NVI H N H G I T S O C N T H N T S Y L I E A I C S O N I A T F R E L T I NG E N E G T H S L O G M I N I G C I P N G T R N N I A R O H R ZIN SURI OUR C TILIZ NSU G OU ENVIR VE REL EXEM CHANGI POSI U IPS E IFYIN GING N ING G IT TI NEEDS G TO I E S N S T I S O N P H N Y U L N P E S A S N U F S P ' M N I I H G Y M N R O L T C M T I N O M I EMP G ENVIR E RELAT EDS EXE ING TO URSUI OMMUN H ADAP ENTS PUOUR CO H ADA V T TS P C ENGT STUD ING ENGT N I E I T P N R I G Y A S U N S R ' O O N D R T A R Y Y P E T T T A N E R G I D I S A E NAL S ORD G MUN NGTH U N L N T I I A N M M S I T D N N N A Y E R O U COM O E I O O I R R O E I I T R T T T NA ON M ANIZA EXTRA NOVAT ANIZA G EX NOVAT IZ S I R D L U A R O TION O OVATI ORG ING G CTIN R IN RGAN IN A R R O R T A O O X N ANIZ ING E FOR IN NG-TERM TRACT LOGY F G-TERM ATTRA LOGY F -TERM O ITH AT N ITH O T OGY O ONG T A O O N N C F L A L H H T A C C N H A G G L R HNOL E E A T G F I I T T N N T G A N I I N IS ILIZI N R IAN F ZING SUR ISTIA ZING RIN C R U E H T S G S EN HRIST TILI S EN R CHR TILI ENSU OUR C S UT IPS E SHIP G OUR C MENTS UIONSHIP ING OU MENTS U SHIPS FYING ONMENT ATIONSH PLI M A N I R E REL T N N I Y O E L A N I V O O I F L X T P I N R R E Y A E O CH M ING E F V VI IVE R MPL ENVI E REL S I E N T D I E X E T S E E T G E G G O V I N G I N N S N X U P S I I T A D S E N I S G G PO EDS ' G I E H G S Y N R E T C O P NIT SN TO E AP PU CHA UIN

4 WE WILL ENGAGE IN ONGOING EVALUATION OF OUR LEARNING PROCESSES AND ADAPT TO CHANGING ENVIRONMENTS.

THE MASSEY BUSINESS CENTER’S RENOVATION comes on the heels of the opening of Belmont’s largest building to date, the Wedgewood Academic Center, a 186,000 square foot facility that houses three colleges and the University’s beautiful new chapel. In an ever-changing world, education must adapt to remain at the forefront. Thus, the Wedgewood Academic Center was designed to include state-of-the-art classrooms, labs, research equipment and room for interdisciplinary collisions to help prepare students as innovators and leaders in their chosen fields. Since the majority of Belmont’s general education courses are held in the facility, every student enjoys classes in the Wedgewood building. With numerous areas for study as well as dining and coffee options, the structure has quickly become a central hub of student activity and an institutional cornerstone.

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But just a few dozen yards away, Belmont’s next major construction project is quickly taking shape.

The to-be-named Dining and Academic Complex will offer exceptional resources to the University’s music business, motion pictures and media studies programs including 30 student edit bays, a motion capture facility, multiple top-notch audio and video studios, a 2,500 square foot sound stage, a scene shop and two screening theaters with audio mixing technology. Of course, every student will be visiting this structure as well since the entire second floor will hold Belmont’s new dining hall.

Evaluating and adapting learning processes, though, goes beyond creating new environments for education. It’s also in the overall approach, which is why Belmont leads the way as a premier teaching institution. As just a few examples, the University offers an active Teaching Center to encourage faculty collaboration and innovation; a pioneering Growth and Purpose for Students (GPS) program that assists students in time management, major selection and more; and a Career and Professional Development team built around colleges to allow for a holistic approach to career clusters. ■

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T A O IN RGAN RA A R TING OR IN M ORG CTI I V R O T R T O A O X N M F T A GY F RM O E N -TER R C I T Y R E G A A G T R T O O N E ITH TECHN TI OGY FO LONG ATTR HNOL LONG ITH AT HNOL ONG-T A F C ING C N NG A G FAITH L L E E A F O I T T N T G I N N S LIZI NSU G A H SUR IAN G I N R I I R T N N U I I S R H I Z C T TILIZ ENS CHRI E N I U T N S L R S S I I U E U P R N T I I S O S R CH S R TS U E H T Y U P U S N I G F S S O I N E H P T N G OURONMEN LATIONS IFYING RONMEN TIONSHI PLIFYI NVIRONM RELATIO XEMPL ANGIN E A ENVI SITIVE R XEMPL NG ENVI IVE REL S EXEM NGING E POSITIVE NEEDS E G TO CH UING PO EDS E HANGI POSIT S NEED TO CHA ING NITY'S PTIN URS H A G P FAIT A C ING U MMU ' N 'S NE Y S S D O G T T T I A R N N N I Y NIT PTING URSU COMMU DAPT NTS PU OUR CO RENGTH STUDE RISTIAN ACTIN Y P UR E T H TTR A A R G D S S C A D H T U R N L N T R T I A N O I A H G S U A E T D N C N O G D Y E R O H E R I O G IT G OU TU ETIN L STR DINAR N ME IZAT A A S N R F I T Y R E IONA R VATIO RGAN G EX LIFY STIAN YIN O M A N R I P LA E ATIO GANIZAT NG EXT OR INNO -TERM ORACTIN EXEM UR CHR EMPLIF G R E E V G I N R O N I F X T I N T T O O I E Y T T I O G C LOG S L ITH A OVAT M C S S A N O D I D A G P R E E Y O R E E N T N G F A I N H AT G TECH NSUR ISTIAN F Y FOR IN EMPLI NITY'S N ITH ATTRSUIN NITY'S N TO CH A PU U U ING E X F R N G I M E M S H O N Z E L M P M C N A I I D S I O O O O L T H R T T I U N C C S U S T T N P H R CHRI TUDE R A ARY S G C VA U ON ING O U E I O D O O T T N A A G OUR S G GTH L IFY G OR IN N ETIN I Y N N N D I I I R R T T A Z N I MPL S UTIL OLOGY FON MEE IFYINGRAORDIN ON MEE AL STRE EXTRAOTION MEONAL S L EXT N I D T TI ATION TING NOVA IZATI AC H P E A A C E V V M E N O O T G R INN N EXE CTING R INN GANIZ TRAC FOR IN ORGAN ATTR N N I LIZ OGY FO OVATIO TRA OGY FO RM OR TH AT LOGY TERM FAITH ILIZI T NOL T IP I E O ONG- TIAN L N T A A N O N U F I H N H G S H OR N FAIT TECH G LON ISTIAN G TEC NG L CHRIS MENT IONSH F Y OLOG HRISTIA ILIZINGSURIN OUR CHR TILIZIN NSURI G OUR ENVIRON E RELAT EXEM UR C NTS UT IPS EN YING ENTS U SHIPS E LIFYINANGING POSITIV NEEDS G TO ONM TION EMP O CH ITY'S PTIN U NME ONSH PLIF ING BELMONT UNIVERSITY

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SECTION NAME

5 WE WILL UTILIZE TECHNOLOGY RELATED TO INFORMATION DISSEMINATION, LEARNING, INSTRUCTIONAL DELIVERY AND ADMINISTRATIVE PRACTICE TO INNOVATE.

THE FIFTH STRATEGIC PRIORITY IN MANY WAYS builds on the fourth. In modern times, adapting to changing environments more often than not requires organizations to implement new and progressive means for utilizing technology.

Recent and current campus construction prioritizes finding the best means to aid student learning today and prepare tomorrow’s experts in the field, all the while conserving energy with thoughtful resource usage.

The new Wedgewood Academic Center, for example, boasts 20 labs and more than $2 million of brand new equipment, empowering our students to participate in cutting-edge research and discovery in the physical sciences.

In fact, botany students are even using one of the building’s five green roofs to examine questions about canopy density and plant ecology. And the theaters and studios being built to support Belmont’s motion pictures, media studies and music business programs will feature state-of-the-art equipment enabling student projects to be created at a competitive and professional level.

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But “high tech” can mean more than research and fancy equipment. In the Massey College of Business, it translates to observing real-time interactions with Wall Street via a finance class or investigating tomorrow’s possibilities with beacon technology in an Electronic Markets course.

Meanwhile, nursing faculty are incorporating realistic SIMmen patients to aid students in learning to engage with their patients as well as family members, even in a simulated but still emotionally challenging hospice scenario. Even student organizations are embracing new forms of instructional delivery as Belmont Enactus partners with education faculty and the If I Had a Hammer program to teach school age children math through an on-campus construction project.

Belmont’s plans for technology utilization aren’t limited to the classroom either. Newly-launched mobile apps make it easier than ever for the campus community—including guests—to access abundant information from cell phones and tablets, and the University is exploring unique ways to organize resources in a fashion that recognizes the profound shift being seen in information dissemination. ■

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UTILIZING TECHNOLOGY FOR INNOVATION

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R TTR G EX N UR M DAP NTS P OUR G U H T N M C S E O R R C Y A P E NTS G OUR ENGTH A Y STUD ETING IONAL ST RDINAR ING OU N FAITH RACTIN NARY S I R O IFY STIA E N T R I A D T A A T M N R T P R T Z S I I I T O E NAL A L N D I H X N A O P S R R H E A R I N I T G ING XEM R CH IT O XTRAO NOVAT O X R A I I E F O T T A A G M ACT DS E G OU STIAN L MPL Z E E N R N I I E R G T R T E E I CTINLOGY FO G LONG TH ATTRITY'S NE PLIFYIN UR CHR TTRAC POSITIV EDS EXE ING O N N FAI MUN XEM NG O ITH A ING 'S NE HANG R I N H R C E C S PU SU ISTIA R COM EDS E LIFYI IAN FA RSU UNITY O N T E PS UR CHR NG OU Y'S NE XEMP CHRIST NTS PU COMM PTING TUDENT R COM I UNIT U R S O E A E O T R U D Y D S G U E O U R G H N N ME OMM T ED NG O RY ST ING GTH A DINA N I E G N T N ATIO G OUR C UNITY'S PLIFYI ORDINA N MEET L STREN EXTRAOR ON MEE AL STRE G N A I N N M XEM A NG O T I O R N I N I I M A T T T T O V O X T A I A C E O I E CH OV NIZAT ACT R INN GANIZ TRA R C EDS E ING E N U T N O I NG TY'S NE RACT GY FOR M ORGA H ATTR OGY FO ERM OR AITH AT LIZING NSUR T I I L F R MUN AITH AT CHNOLO ONG-TE IAN FAIT TECHNO LONG-T ISTIAN NTS UT SHIPS E FYIN R NME E L T I N N F G T H S L O G I N N I G C I P G T A R N I N I A R O H R I T N URI M L Z U R I C G I I E U E O N Z V L R R S I X I A N U G L UTI IPS ENS YING O ENTS UT HIPS ENLIFYIN NGING E POSITIVE NEEDS E G TO CH UING S A NG S N URS M F H P ' M N I I H S Y N O L T C M T N I O I I P T P E O EM VIR RELA DS EX NG TO RSU MMUN ADA NTS P UR CO N E X DS E ANGING OSITIVE Y'S NEE DAPTI NTS PU OUR CO RENGTH Y STUDE TING O RENGTH O CH UING P MMUNIT NGTH A Y STUDE ETING ONAL ST RDINAR N MEE ONAL ST AORD E INAR I O VATIO IZATI E S O T R TR VA A A T C X R M R Z S E I T R U N D L OU TIONA RAOR VATIO ORGAN G EX INNO RGAN TING INNO G TIN ANIZA G EXT R INNO -TERM ACTIN GY FOR TERM O TRAC GY FOR RM OR G O ONG- H AT NOLO G-TE N O R G I L R F T N O T O Y T A O N C LOG F L M A L N T H H I A O C C N H A G G L R E E A T F I T T ING N N FAI T CHNO N T I I N T S G A G I R R I A IZ R T N N U U I I H G TE A L S R H I I I S S Z Z C T I I U R T N HRIS N R CH L L ENS R TS U H I I E E U N T T I O S S Z P U U C P I OU NS EN R HI TS TS NG SHI IPS

6 WE WILL CONTINUE OUR COMMITMENT TO BE “NASHVILLE’S UNIVERSITY,” ALIGNING BELMONT’S VISION AND RESOURCES WITH THE EVER-CHANGING NEEDS OF THE PEOPLE IN OUR COMMUNITY.

CHANGING TIMES NECESSITATE ALTERING OUR approaches, and technology has certainly brought tremendous new resources to bear in higher education. However, it’s also nice to know that some things don’t change, that there are constants worth keeping. When pondering the Belmont University of 2020, it was clear to all involved that the university wanted to maintain, and strengthen, its dedication to its hometown.

A hallmark of a Belmont education is service, and with the annual Community Connection Fair, everyone on Belmont’s campus is given a chance to see where they might plug in to help others in Middle Tennessee. Freshmen actually begin their college careers with volunteering through the SERVE Welcome Week tradition that places them at locations around the city for a half-day of service. Perhaps Belmont's biggest community impact comes with the Bridges to Belmont initiative, which in 2014 provided 30 full scholarships for local high school seniors, many of whom are first-generation college students.

Through these and countless other efforts, Belmont students and employees can engage in projects that benefit the city we all call home.

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Another element of service comes from the organizations and groups that make their home on Belmont’s campus, from the Tennessee Arts Academy’s summer conference to the offices for nonprofit Arts & Business Council of Greater Nashville to Haiti ministry partner Live Beyond.

The most recent addition came in October when Metro Nashville Public Schools announced that the Middle Tennessee STEM Innovation Hub would move here, providing a centralized location to support the region’s educational advancement in the sciences, technology, engineering and math.

Of course, Belmont also plays host to numerous cultural and special events throughout the year, inviting the community to enjoy a variety of concerts, art exhibits, lectures, readings and showcases as well as theatre and dance performances. Plus, conferences, like the barbershop quartets of Harmony University, make frequent use of available campus space, and Belmont partners with nonprofits to support important causes, such as last summer’s announcement of the Mother & Child Project by Melinda Gates, former Senator Bill Frist and Scott Hamilton. Even the distinguished justices of the Tennessee Supreme Court visited campus last February, using courtrooms in the Baskin Center to hear appeals cases. ■

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FO LONG ATT HNOL LONG TH AT HNOL NG-TE FAITH TECHN Y G I NOLOURING N FAITH NG TEC URING TIAN FA NG TEC ING LO RISTIAN IZING SUR I A LIZI L S EN G S R R CH I I I S S Z T I U R T N S N L H S I I I E CHR E UR C U NTS U SHIP N N T T I O S E Y U U P I G F S OUR NMENTS TIONSH YING O NMENTS ONSHIP IFYIN IRONME ELATION EMPLI GING L ENV N I O O R S EX LA PLIF T P A R R E A E I I H L M R V V V C I E E G N ITIVE M ING EN TIVE R S EX NGIN POSIT NEED G TO ENTS E X S PO EDS E HANG POSI S NEED TO CHA ING NITY'S PTIN Y STUD LONG E A NAR C ING U MMU ' N Y S D O G T S T I A R ' N N TY TING RSU MMU APTI S PU UR CO NGTH AORDI URINGNG-TER T S E O U DAP ENTS P OUR C GTH AD STUDEN TING O NAL STR G EXTR NTS EN ING LO TRENG STUD EETINGAL STRENRDINARY ON MEE NIZATIO RACTINY STUDE ENSUR -TERM S G EEDS A T INAR ENTS N TRAO OVATI ORGA M N O T I O N A T L D O NIZA EX R INN -TERM FAITH RAOR STUD ING ITY'S N TH AD G A ORG ACTIN OGY FO LONG ISTIAN G EXT DINARY NSUR MMUN TRENG NARY E R CO S ORDI R CTIN AOR G R HNOL H L S N T C T A I T N N R R R A E T C U TRA OU ZATIO EXTRA ATION D U X E O T E U S G T G T N V S I G G N ZIN SHIPS E LIFYIN FAITH A ACTIN DINARY MEETI ORGAN CTING OR INNO RGANIZ TION EXEMPRISTIAN H ATTR XTRAOR VATION NG-TERM ATTRA OLOGY F -TERM O ITH AT O E T H A G O N I H H N C F L N T T A H G N I I F O G R C N A N G L N G OU I R RIN IAN F N IA ZING TE ING A T O T I F S C T G I S Y A I R T I N FYIN UR CHR H ATTR HNOLOG S ENSUR CHRIS TILIZI ENSUR OUR CH TS UTIL HIPS E C SHIP O T I E OU ENTS U SHIPS YING NMEN TIONS PLI T A G F G N TIAN G N O RELA XEM N LATIO FYIN ONM TION F I I R I L Z S I V I HR UTIL IVE RE MPLI ENVIR RELA XEMP ING EN SITIVE EDS E TO CH E DS E ANG E E GING TS OSIT O V N G RS I X N P T S E E N I ' I E H G S P M Y S N E T C IN MUNIT DAP S PU G NEED O CHA G PO Y'S N G TO U N I S SU NITY'S ING T SUIN MUNIT PTIN PUR COM GTH A UDENT G OUR R R MMU ADAPT NTS PU OUR COM TH ADA TUDENTS ING OU L STREN NARY ST EETIN L STR I A M IONA R G S E T D N H N N G D Y E R T O E I O U R O E G N I N ST M TI AT RA STR ZAT INA EXT IZAT

7 WE WILL EXEMPLIFY OUR CHRISTIAN FAITH BY RESPONDING TO THE IMPERATIVE EXPRESSED IN JAMES 1:22, WHICH STATES “DO NOT MERELY LISTEN TO THE WORD… DO WHAT IT SAYS.”

FOR 124 YEARS BELMONT’S CAMPUS HAS attracted men and women focused on pursuing higher education and deepening their faith.

From its inception, Belmont has placed a priority on spiritual formation, and now the University stands as the largest ecumenical Christian college in the country. Exemplifying our faith remains essential to our plans looking forward, and progress made in 2014 laid the groundwork for even more opportunities for faculty, staff and students to pursue spiritual growth.

Perhaps the biggest catalyst in that arena was the opening last fall of Belmont’s new Chapel, the first space on campus intentionally designed for worship services. Members of Belmont’s campus and the local community can attend Chapel services and be inspired by student-led worship music and nationally acclaimed scholars who address a myriad of topics through the lens of faith. Recent guests included MIT-trained physicist Dr. Deborah Haarsma, Harvard Law School graduate and Belmont Law Champion for Justice recipient Bryan Stevenson, trauma surgeon and Live Beyond founder Dr. David Vanderpool and Grand Ole Opry member and Belmont alumnus Josh Turner, among others.

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The Chapel’s opening also sparked a new resource for Belmont, a “Vital Worship” grant that was awarded from the Calvin Institute of Christian Worship with funding provided by the Lilly Endowment. The grant funded a number of new initiatives during the fall semester, including a weekday morning prayer session, a speakers series, the creation of ceramic Communion service dishes and the commissioning of 14 large format paintings corresponding to the Stations of the Cross to be displayed during Lent.

Another sign of the future to come was the renaming of Belmont’s School of Religion. After opening more than 25 years ago, last summer the School officially became the College of Theology and Christian Ministry. With approximately 100 student majors, 40 minors and 16 full-time faculty, the new College is perfectly poised for additional program growth and prominence. ■

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EXEMPLIFYING OUR CHRISTIAN FAITH

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STATEMENT OF FINANCIAL POSITION May 31, 2014

ASSETS

BUDGETBUDGET GROWTH GROWTH

TUITION TUITION REVENUE REVENUE

$250,000,000 $250,000,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,972,919 Investments . . . . . . . . . . . . . . . . . . . . . . . . . 122,805,683 Receivable from Others. . . . . . . . . . . . . . . . . . 17,972,780 $200,000,000 $200,000,000 Property, Buildings and Equipment, net. . . . . 476,107,772 Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,966,935 $150,000,000 $150,000,000

Total Assets. . . . . . . . . . . . . . . . . . $674,826,089

LIABILITIES

$200,000,000 $200,000,000

$150,000,000 $150,000,000

$100,000,000 $100,000,000

$100,000,000 $100,000,000

Accounts Payable and Accrued Liabilities. . . . 19,968,986 Notes Payable. . . . . . . . . . . . . . . . . . . . . . . . 169,560,418$50,000,000 $50,000,000 Other Liabilities. . . . . . . . . . . . . . . . . . . . . . . . 11,307,731

Total Liabilities. . . . . . . . . . . . . . . $200,837,135 0

NET ASSETS

0 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15

Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . 376,906,576 Temporarily Restricted. . . . . . . . . . . . . . . . . . 31,510,708 Permanently Restricted. . . . . . . . . . . . . . . . . . 65,571,670 $800,000,000 $800,000,000

Total Net Assets. . . . . . . . . . . . . . . $473,988,954

Total Liabilities and Net Assets . . . . $674,826,089 $700,000,000 $700,000,000

STATEMENT OF ACTIVITIES—ALL FUNDS Year Ended May 31, 2014

50,000,000 50,000,000

INVESTMENT IN CONSTRUCTION INVESTMENT IN CONSTRUCTION

ASSET GROWTH ASSET GROWTH $500,000,000 $500,000,000

$400,000,000 $400,000,000

$600,000,000 $600,000,000 $500,000,000 $500,000,000

$300,000,000 $300,000,000

$200,000,000 $200,000,000

$300,000,000 $300,000,000

Tuition and Fees. . . . . . . . . . . . . . . . . . . . . . 188,336,750 $200,000,000 $200,000,000 Less: Scholarships and Fellowships. . . . . . . . (33,236,002)

Net Tuition. . . . . . . . . . . . . . . . . . $155,100,748 $100,000,000 $100,000,000 Gifts, Grants and Contracts. . . . . . . . . . . . . . . . 4,092,810 0 0 Endowment Spending. . . . . . . . . . . . . . . . . . . . 2,335,326 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 Auxiliary Enterprises Sales and Services . . . . . 29,076,843 Other Sources. . . . . . . . . . . . . . . . . . . . . . . . . . 6,407,920

Total Revenue and Other Support. . . $197,013,647

$100,000,000 $100,000,000

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0

0 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

ASSET GROWTH NET ASSETNET GROWTH

EXPENSES

$500,000,000 $500,000,000

Instruction . . . . . . . . . . . . . . . . . . . . . . . . . . . 63,139,079 Academic Support . . . . . . . . . . . . . . . . . . . . . 16,764,741 $400,000,000 $400,000,000 Student Services. . . . . . . . . . . . . . . . . . . . . . . 24,791,452 Institutional Support . . . . . . . . . . . . . . . . . . . . 16,742,919 $300,000,000 $300,000,000 Auxiliary Enterprises . . . . . . . . . . . . . . . . . . . . 17,676,649

Total Expenses. . . . . . . . . . . . . . . . $139,114,840

Gifts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,245,080 $100,000,000 $100,000,000 Increase in market value of investments . . . . . . 9,614,480 Change in value of interest rate swaps. . . . . . . . . 850,111 0 0 Net Decrease from Non-operating Activities. . . 16,709,671 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 Increase in Net Assets. . . . . . . . . . . . . . . . . . $74,608,478 Net Assets at Beginning of Year. . . . $399,380,476 Net Assets at End of Year . . . . . . . . $473,988,954 //

" CAN WE DO EVEN BETTER? OF COURSE, WE CAN!" KEN DUNCAN

$200,000,000 $200,000,000

NON-OPERATING ACTIVITIES

BELMONT UNIVERSITY

0 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

$400,000,000 $400,000,000

REVENUE AND OTHER SUPPORT

0

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STATEMENT OF FINANCIAL POSITION

MAINTENANCE SERVICES MANAGER 13-14

1900 BELMONT BOULEVARD | NASHVILLE, TN 37212 | BELMONT.EDU