Advancing Excellence: University of Dallas Annual Report, FY June 1, 2020 - May 31, 2021

Advancing Excellence Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

Letter from the Chairman

Letter from the President

Board of Trustees

University Breaks Endowment, Enrollment Records in Fall 2021

The Most Reverend Edward J. Burns, Chancellor Richard Husseini, ’88, Chair Joe Armes

For the first time in its 65-year history, the University of Dallas’ endowment has reached the $100 million mark, at the same time that undergraduate enrollment hit a record 1,500 undergraduate students.

Hon. Stephanie Bascon, ’88, NAB President Charles E. Baumann, ’88 Win Bell Louis Brown Mary Devlin Capizzi, ’88 ’89 J. Barry Clark The Most Reverend Cardinal Kevin J. Farrell Emmet Flood, ’78 The Most Reverend Daniel E. Flores, ’83 ’87 Louis J. Grabowsky Patrick E. Haggerty Jr., ’67 ’68 Gregory Hoelscher, ’77 Cary Hyden, ’80 William Keffler Annmarie Kelly, ’91 The Most Reverend Gregory Kelly, ’78 ’82 Mike Magusiak Mary T. Manning, ’17 Randall Muck, Vice Chair Thomas M. Nealon, MBA ’87 Joseph O. Neuhoff Jr. Hon. Nathaniel “Tan” Parker, ’93 Mary Ritter, ’85

Dear UD Supporter,

Dear Friends,

As chairman of the University of Dallas Board of Trustees, it is my honor to share this annual report for the 2021 fiscal year with you at an exciting time in the university’s history.

What a remarkable year we have all had. If there are any lessons we have learned, it is that through trials and tribulations, we have endured, exercising the virtues of patience and perseverance. Both of these virtues — elements of the virtue of courage — have been firmly planted in our souls.

We were pleased to officially inaugurate President Jonathan J. Sanford as the university’s 10th president just this past month. Under Dr. Sanford’s leadership, the university has entered a new era of optimism and growth that will match the optimism and growth of the Dallas/Fort Worth metroplex and of Texas at large. Case in point — we just welcomed our largest first-year class in history and reached the $100 million milestone in our endowment fund, a critical measure of the long-term health of our institution.

On behalf of the Board of Trustees, thank you for your support and continued interest in this institution that is beloved by so many.

Sincerely,

Jonathan J. Sanford, Ph.D. The Most Reverend Mark Seitz, ’76 ’82 Nicholas T. Serafy Jr. Megan Smith, D.O., ’02 ’18 Patrick V. Stark Regina Uhl, J.D., ’00

Richard Husseini, BS ’88 Chairman, Board of Trustees

As Catholics, we persevere in this life for we know that suffering is never meaningless; there is something far greater than us. Courage and hope are ever present, and it is in this hope that we rededicate ourselves to the mission we are called to at the University of Dallas. That mission is nothing less than the pursuit of truth, wisdom and virtue, the fundamental goods of education.

As a community of learners, we have learned the value of learning in person, together in dialogue. Whether our students are studying computer science or Plato, and whether our graduates are in full-time ministry or accomplished entrepreneurs, our mission is to cultivate their pursuit of these goods. For it is in this noble pursuit that the hope for renewing our culture resides. We are all called to this great mission, to be great and pursue greatness relentlessly for the betterment of our families, our communities, our country and our Church.

Sincerely,

Bridgett Wagner, ’81, Secretary Julie Weber, ’91

Enrollment Growth of First-time Students 500

400

300

200

100

0

Jean White, ’86, Treasurer

Fall

Albert Zapanta Tom Zellers, M.D., ’79

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“Both are significant achievements in the life of our institution,” said President Jonathan J. Sanford, Ph.D. “We hope that the momentum will inspire continued investment in the lives of future generations of students, who, through the benefit of a UD education, are leaders well-equipped to serve their communities, the Church and our country.”

’17

’18

’19

’20

’21

Jonathan J. Sanford, Ph.D. President Professor of Philosophy

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

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STRATEGIC PLAN: A FORMULA FOR FLOURISHING Theme

Theme

Academic Excellence in Service to an Education That Always Matters

Forming Character in Service to a Life Well-Lived

The University of Dallas is dedicated to inquiry into timeless truths, but in no way does it sacrifice preparing our students for the present and future by doing so. Such dedication swims against the current in higher education in two fundamental ways: by assuming there are essential truths to be discovered, and by prioritizing their study. We work to provide an education that prepares students not only for their first job, but also for their fifth and 15th. Coupled with our undergraduate and graduate core curricula are majors and concentrations that ready our students for the here and now, as well as the beyond. It is the combination of the timeless with the contemporary, a combination especially evident in the ways in which the sciences and business studies are integrated with the humanities, that makes our education one that always matters.

There has been an unprecedented decline in emotional and psychological health among college-aged students in the past decade. We know there are many causes, including isolation from community, a growing sense that life is meaningless, and a growing lack of integration of the mind, body and spirit. These are causes that the University of Dallas is well-poised to correct with its formation in the intellectual, moral and theological virtues, as well as our emphasis on cultivating a resilient and entrepreneurial spirit in our students and alumni. We aim to be a paradigm for an integrated and rich approach to preparing students for lives of meaning and purpose.

Theme

Reputation and Recognition

VISION STATEMENT Academic excellence embodied in a rigorous Catholic education dedicated to a lifelong pursuit of wisdom, truth and virtue.

Introduction The University of Dallas aims to provide the paradigm for Catholic university education. It seeks to do this through combining a comprehensive liberal education with disciplined formation in a wide variety of majors and graduate programs in a manner unmatched by any other Catholic university.

Through its rigorous and intimate approach to educating the whole person, the University of Dallas cultivates in current, past, future and lifelong students those habits of mind and heart that enable them to live flourishing personal and professional lives in service to their families, communities, country and faith.

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Strategic Plan Strategy guides action, and requires a prudent arrangement of priorities to realize the university’s vision. This strategic plan, adopted by the Board of Trustees in May 2020, is the fruit of critical discernment of our strengths and weaknesses, as well as careful reflection on our opportunities for revenue and endowment growth in light of the current challenges to higher education in our local and national landscapes.

In order for the University of Dallas to achieve its vision, it also needs to establish long-term financial stability.

Ultimately, that requires that we make significant strides in advancing the reputation of the university and broadening recognition of its excellence and distinctiveness. Making progress on this theme is essential to higher enrollments, increased engagement among alumni and supporters, expanding networks for student and alumni career advancement, and embracing new friends supportive of UD’s distinctive educational mission.

Our future efforts will focus on the following four themes, rooted in the central ideas that the University of Dallas provides an exceptional undergraduate Catholic liberal arts education, and its graduate programs are fostering a new generation of competent and visionary leaders in every area of society, with a special emphasis on forming those who can in turn provide such an education to others.

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Fiscal Year June 1, 2020 - May 31, 2021

Theme

Service to Church and Country The University of Dallas strives to make its students better human beings, and that includes helping them to thrive as members of religious and political communities who dedicate themselves to serving others. We seek to prepare our students for an eternity with God, and for their day and age as active contributors to building a culture of justice and love. Love for America’s founding principles is genuine at the University of Dallas, as is love for God and neighbor, expressed in principles of solidarity and the common good.

Our rigorous and faithful curricular and extracurricular emphases prepare students for dual citizenship in both the city of man and the city of God, and make our graduates uniquely prepared to serve in positions of civil, military and professional leadership, and to build up the institutional Church through significant contributions as lay and religious leaders.

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Academic Excellence Investing in Our Faculty

First Gen Focus

Constantin College of Liberal Arts

UD is committed to the success of firstgeneration students throughout their careers at UD.

Home to UD’s distinctive Core Curriculum, all undergraduates focus on the great works of Western civilization and develop the intellectual and critical thinking skills that prepare students for success in college and beyond.

GROWTH IN Endowed GIVING $1,500,000

With the support of generous scholarships, the Constantin Scholars Program at UD welcomes and supports Texas students who will be the first in their families to complete a bachelor’s degree.

Honoring the memory of their son Zach, a member of UD’s Class of 2016 who died tragically in a car accident the summer before his senior year, UD Trustee J. Barry Clark and his wife, Kathy, established two endowed Faculty Excellence Funds — one named for Father Robert E. Maguire, O. Cist., to support faculty excellence in the English Department, and another for longtime physics faculty member Richard P. Olenick, Ph.D., for faculty excellence in physics.

Endowed faculty excellence funds provide critical financial support to UD’s renowned faculty. Such endowments are used to provide additional funds to help sustain faculty research and teaching so that our faculty can persist in deepening their wisdom, advancing knowledge in their fields and providing the very best education to our students.

$1,200,000

$900,000

$600,000

CONSTANTIN COLLEGE OF LIBERAL ARTS Faculty Accomplishments

$300,000

Aquinas and the Infused Moral Virtues, by Angela McKay Knobel 0

FY18 FY19 FY20 FY21

Total Cash to Endowment

ABOUT THE CONSTANTIN FOUNDATION GRANT

Urban Transformation in Ancient Molise: The Integration of Larinum into the Roman State, by Elizabeth Robinson Essentials of Existential Phenomenological Research, by Scott Churchill, published by the American Psychological Association (APA) Books, and part of the Essentials of Qualitative Methods series

Jeanine Dorrough, BA ’22, conceived the idea for First-Gen Ambassadors last fall, out of a desire to create leadership opportunities unique to first-gen students like herself who are the first in their families to go to college.

During Orientation 2021, the 47 ambassadors were paired with orientation leaders to guide small groups consisting of first-time UD undergraduates. Once the semester began, the ambassadors took over as the leaders of these groups, which meet periodically throughout the school year. Funded for their work through generous scholarships from the Constantin Foundation, the ambassadors remain available to their group members as sources of information and support.

After the start of the school year, all undergraduates, not just new students, were able to join and benefit from an ongoing relationship with first-gen ambassadors.

“I’m sure it’s not just first-gen students who sometimes feel like they need some extra support or guidance, though, and that’s why we decided to open the groups up to everybody, but leave the leadership positions for the first-gen students,” said Dorrough.

The grant has fueled the creation of key programs such as the summer Constantin Scholars Bridge Program, which accepted its first cohort of DFW-area UD freshmen over summer 2020, the First-Gen Student Association, and the First-Gen Ambassadors, a peer support group open to any student in need of mentorship.

20%

First-generation students, coming from a wide swath of cultural and socioeconomic backgrounds, comprised a record 25% of the 2021 freshman class.

Aquinas on Beatific Charity and the Problem of Love, by Christopher J. Malloy

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Academic Excellence

Braniff Graduate School of Liberal Arts Offers 15 master’s degree programs ranging from fine art to psychology, Ph.D. programs in literature, politics or philosophy, and distinctive preparation in education through our programs for teachers.

Master’s program in Classical Education Grows Enrollment in UD’s Master of Classical Education has grown fivefold since spring 2018.

Preserving Western Tradition For University of Dallas parents Brian and Maria Dean, dedicating one’s life to the study of philosophy and the everlasting truths of the human person is not simply a worthy endeavor for one’s own formation, nor should it be pursued just to properly train the next generation of teachers.

It was with this generation-changing mindset that the Deans made a gift of $100,000 to the Institute of Philosophic Studies. The scholarship is intended to help alleviate some of the day-to-day financial pressures that IPS students may face as they pursue a degree.

“We are committed to finding institutions, like UD, that are committed to preserving the best of the past,” Maria said.

“We are so passionate about the IPS program because the only way to understand everything that is going on today is to know our past.”

About the Institute of Philosophic Studies

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90

60

What is now the Institute of Philosophic Studies developed from an integrated program in literature and politics conceived by Louise Cowan, pictured below, and Willmoore Kendall. Their founding conviction was that politics and literature, in their search for wisdom and understanding about the most important things, shared a common focus on human discourse and its reflection of the human soul.

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0

26 Spring 2018

Joe Gigler, MBA ’80, wouldn’t be the successful business owner and philanthropist he is today without John and Elizabeth “Babe” Hrivnak.

Gigler was just four years old when his father founded a funeral home outside of Pittsburgh in 1959. Next door, in a small shopping center, the Hrivnaks owned Handi Food Mart, a small grocery store that they had saved up to start after years of working for big grocery chains.

He delivered groceries all through high school — and worked at the store after he’d returned home from earning his MBA at the University of Dallas in 1980.

“They were classic American entrepreneurs, with integrity and morals,” said Gigler. “They were humble people with the most incredible sense of generosity.”

It was this sense of generosity that inspired Joe and his wife, Carol, to commit over $400,000 to support the John and Elizabeth “Babe” Hrivnak Memorial Endowed Scholarship for MBA students in UD’s Gupta College of Business.

Satish & Yasmin Gupta College of Business

Spring 2021

Total Cash to Endowment

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Steel Mogul Satish Gupta Named Among AACSB’s Influential Leaders Alumnus Satish Gupta, MBA ’81, was named a “2021 Influential Leader” by the Association to Advance Collegiate Schools of Business — the world’s largest business education alliance.

For the Deans, whose daughter Anna is a doctoral student in UD’s Institute of Philosophic Studies (IPS), the pursuit of philosophy at its highest academic levels is a paramount task for today’s generation.

150

120

Building Business LeadersHip

Offers a range of master’s degrees from business administration to cybersecurity, and the first AACSBaccredited DBA program in Texas.

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Forming Character for a Life Well-Lived

“

Rome Attracts New Support

In classical education you’re not simply filling minds with facts; you’re creating a community of learners who want to cultivate and to pass on an intellectual tradition.”

–Jeffrey Lehman, MA ’99 PhD ’02

Inspiring Lifelong Virtue

Life-Changing Rome

Academic excellence and intellectual rigor are hallmarks of a University of Dallas education, but pursuit of these goods cannot be separated from the cultivation of the intellectual, moral and theological virtues of our students.

Character formation is not only at the heart of our student life on campus, but woven into the university’s many lifelong learning initiatives, recently coalesced under the work of the St. Ambrose Center led by alumnus Jeffrey Lehman, MA ’99 PhD ’02.

In the summer of 2020, the program marked its 50th year, and while celebrations were subdued due to the pandemic, the milestone was aptly marked with the release of Due Santi and the University of Dallas: Un Piccolo Paradiso, a book co-edited by Associate Professor of English Greg Roper, Ph.D., BA ’84, and Associate Professor of English Andrew Moran, BA ’91 PhD ’04.

The center encompasses several important initiatives: Studies in Catholic Faith & Culture, which began in 2018 under the direction of alumna Sister Jane Dominic Laurel, O.P. BA ’92 MA ’21, now consists of four online courses available to individuals, parish groups, schools and anyone interested in an in-depth instruction from the best faculty UD offers.

Arts of Liberty and professional development courses for K-12 teachers in classical education ensure teachers are equipped to reimagine pedagogy and modes of learning in the classical sense.

Braniff graduate programs, particularly the Master of Humanities with a Classical Education concentration, are among the most popular graduate programs at UD. “There is a renaissance in classical education that’s happening right now, fueled by a desire to reestablish intellectual freedom that has been challenged and often compromised by technology and the media these past few decades,” explains Lehman.

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A new Rome scholarship gift of $112,000, made by a generous couple, provides vitally needed resources to ensure students with the greatest need are able to take part in the transformative UD Rome Program. The gift will provide 12 full scholarships in FY22 for students who would otherwise be unable to participate in a Rome semester. The donor, an alumnus who wishes to remain anonymous, shared: “My Rome experience was so important in my life, so life-changing, that I wanted to make sure every UD student had the opportunity to be a Romer.”

“In putting together the volume, we wanted to give a sense of the life of Due Santi — all the voices, all the history, the daily routine and the special events, the seriousness of its intellectual and spiritual life as well as its playfulness and joy,” said Moran.

Book Proceeds Fund Scholarship All profits from sales of the book will go to the Charles T. Uhl Rome Scholarship that assists students in defraying the costs of participating in the Rome Program.

To boost donations even further, Kathy (Uhl) Milligan, BA ’91 MBA ’95, and Danny Milligan, BA ’91, have pledged to make a $10 donation to this scholarship fund for each book sold, up to $20,000.

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Service to Church and Country Continuing Education Programs

New Beginnings, Expanded Offerings

Honoring their Service

About ROTC @ UD The University of Dallas is committed to supporting students who wish to earn appointments as commissioned officers in the U.S. Army or Air Force, by partnering with the University of Texas at Arlington (Army) and the University of North Texas (Air Force).

Catholic Biblical School Certificate in Pastoral Ministry Deacon Formation Teología del Cuerpo (Theology of the Body) Rome Study Tour Holy Land Study Tour

degree Programs Bachelor of Arts, master’s degrees and graduate certificates are offered through the Constantin College of Liberal Arts and Braniff Graduate School of Liberal Arts in the following areas: Catholic School Leadership, M.A. and graduate certificate Catechetical Ministry, M.C.M. Leadership, M.A. Pastoral Ministry, B.A., M.P.M. Theological Studies, M.T.S. Theology, B.A., M.A., M.Th.

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Dioceses served by the Neuhoff Institute

Dallas, Fort Worth, Las Vegas, Atlanta, Reno and San Angelo

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Seeking to enhance and enrich the university’s educational offerings, last spring the university announced the restructuring of its theology degree programs and continuing education programs in pastoral ministry.

Heroes who have given their lives in service to our country were honored on Veterans Day 2020 at a special service on the Braniff Mall, coinciding with the opening of the university’s Veterans Lounge, located on the third floor of SB Hall.

The Ann and Joe O. Neuhoff School of Ministry is now the Ann and Joe O. Neuhoff Institute for Ministry and Evangelization, which will preserve and expand the School of Ministry’s English and Spanish non-degree certificate offerings, including deaconate formation. Undergraduate and graduate theology and ministry programs are now part of the Constantin College of Liberal Arts and the Braniff Graduate School of Liberal Arts.

The Veterans Lounge in SB Hall was a project spearheaded by former UD Trustee Terry O’Halloran, MBA ’83.

The undergraduate major in pastoral ministry has been combined with theology to provide a more integrated formation for undergraduate students, while moving the graduate programs to the Braniff Graduate School returns them to where many of them were originally housed for 20 years.

He added, “I’m grateful to have an environment where our veterans can share stories, make business contacts and discuss issues they all have in common due to the stress and fatigue of our past several years. As a Marine, I’m proud that the university has done this for our country’s most valuable individuals.”

A new Institute for Homiletics, funded by the Catholic Foundation and housed at the University of Dallas, set to launch in fall 2021, will also be associated with the Neuhoff Institute to serve parish priests and deacons in their preaching ministry.

Advancing Excellence | Annual Report

“From the beginning when it was suggested to have a place for veterans to meet, study and make new friends, I was excited,” said O’Halloran, a retired U.S. Marine who, with support from other donors, led the effort to dedicate a gathering space on campus for students, staff and faculty who have served in the military.

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Building Reputation. Expanding Engagement.

Alumni Generosity

Paying It Forward

The 2021 Cor Challenge, which ran March 23-27, broke records for the second year in a row in both number of donors and dollars received, taking the title from 2020 as the most successful Cor Challenge ever. Nearly nearly 1,000 donors (a 30% increase over 2020) raised almost $290,000 (a 43% increase over 2020). Special thanks go to University Trustee Nick Serafy and his wife, Viveca, for their $50,000 match.

OVER THE PAST 10 YEARS

Alumni Give Back

New, First-Time Students

+34%

Undergraduate Students

+10.6%

25 by 2025 Building off the model of the Class of 1985 effort, the university is launching an effort to increase our overall alumni participation rate from 13.6% in FY21 to 25% by May 31, 2025.

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Cor Challenge Breaks Records Second Year in Row

Mike Wehrle, D.D.S., BA ’85, along with classmates Bill Schofield and Jennifer (Coyle) Byrne (both also BA ’85), stepped forward to launch the Class of 1985 Endowed Scholarship to inspire both their classmates and current and future alumni to invest in the outstanding value of a UD education.

Working closely with 1985 class agents Gina (Bonanno) Morrison and Linda (Derdeyn) Jackson, as well as Jon Shelburne, Jim Martin and John Altomare, they were able to reconnect and engage 100 classmates, increasing their class participation rate to 46% in FY21 from 24% the previous year, for a total of $300,000 in gift commitments.

“

[ cor: noun, Latin — the heart ]

UD’s annual fund, the Cor Fund, is the lifeblood of the University of Dallas, providing a crucial bridge between tuition revenue and the actual costs to deliver a quality UD education. Most importantly, a gift to the Cor Fund allows the university to respond to the most pressing financial concerns and provide the flexibility to seize unique and important opportunities that serve UD’s vital mission.

New UD Mentorship Program Fosters Student, Alumni Connections Students seeking career advice and UD alumni looking to give back can now take advantage of a new Mentorship Program created by the offices of Personal and Career Development and Alumni Relations.

“The UD Alumni network is represented in so many fields, and we all share a love for UD,” said Monica (Tomutsa) Molano, BA ’07. “This mentoring program allows all of us to give back with our time and expertise to the next generation, and help make their paths forward after graduation — and beyond — a little easier.”

COR CHALLENGE 2021 Participation By the Numbers

957 Donors

UD inspires a natural curiosity, asking, ‘Why does it work, how does it work?’ I’m able to work across a great swath of engineering because I’m able to ask good questions, spot patterns and synthesize, which are all things UD taught me.”

–Jennifer (Coyle) Byrne, Ph.D., BS BA ’85

Advancing Excellence | Annual Report

About the Cor Fund

$286,258 Funds Raised

Fiscal Year June 1, 2020 - May 31, 2021

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A-

Building Reputation. Expanding Engagement.

American Council of Trustees & Alumni

A New Legacy

No. 6

Regional Universities West / U.S. News & World Report's "Best Colleges" 2022

Julie and Erick Pecha consider themselves a new, different kind of UD legacy. While not alumni themselves, they are the parents of five alumni — Brennan Pecha, BS ’11, Camille (Pecha) Kennedy, BA ’13 MA ’15, Luke Pecha, BS ’15, Gabe Pecha, BS ’17, Josephine Pecha, BA ’21— and a current student, Katerina Pecha, BA ’25.

Further, the Pecha parents are alumni of the St. Ignatius Institute (SII) at the University of San Francisco, which was, when they attended, very similar to UD, with a liberal arts curriculum. When they were students at this private Jesuit university in California, Father C.M. Buckley, S.J., was an integral part of the program and their guiding light, hence the choice of namesake for the scholarship they have established at UD: the Father C.M. Buckley Scholarship.

In his 90s now, Father Buckley is in residence at Thomas Aquinas College, serving the students there in much the same way he did those at the Institute.

A-

“He was a mountain of a man intellectually for the students,” said Julie. “We began this scholarship in his name to both honor him and to encourage other SII alumni to support UD, which is continuing the legacy of education that we received and want to pass along to our children.”

American Council of Trustees & Alumni

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The Quest, a documentary-style limited series produced by the University of Dallas about living one’s journey with truth and wisdom in troubled times, debuted on EWTN, the largest Catholic television network in the world, in November.

Content for the series is drawn from faculty interviews featured in the University of Dallas’ free online course program, Studies in Catholic Faith and Culture.

“The Quest takes viewers on a journey, drawing on stories from Scripture, history and literature to explore the Christian life as a narrative of joyful courage in the gathering darkness of this world,” said Shannon Valenzuela, Ph.D., BA ’00, affiliated professor of English at UD, who wrote, directed and narrated the series.

“Living life courageously, persevering through adversity and discovering the ultimate truth in God are hallmarks of a UD education that we are excited and proud to share with

No. 6

Regional Universities West / U.S. News & World Report's "Best Colleges" 2022

Bringing UD to the World

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

the world,” President Jonathan J. Sanford, Ph.D., added.

In 2018, Sanford, in his capacity as provost, founded the Studies in Catholic Faith and Culture program under the university’s Liberal Learning for Life initiative, which shares the best of a UD education with the wider world and fosters a lifelong appreciation of the liberal arts in promoting human flourishing.

sign up to become a Quest VIP Sign up to receive the latest episodes of the Quest, along with free downloadable resources for individuals and discussion groups, at quest.udallas.edu.

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The President’s Society

The President’s Society recognizes donors who invest $1,000 or more annually in the University of Dallas. These leadership gifts support the mission of UD as we continue our dedication to the pursuit of wisdom, truth and virtue as the proper and primary ends of education. Support from the members of the President’s Society is critical to ensuring we attract and retain the best faculty, enroll the top students, and provide the distinct classroom experience that makes us the University of Dallas.

Life Members (as of May 31, 2021)

Cistercian Society (for June 1, 2020 -- May 31, 2021)

The Life Members of the President’s Society comprise our generous donors who have invested $250,000 or more.

The Cistercian Society was founded to honor the original Cistercians, who played a crucial part in the founding of the university. This society recognizes generous donors who invest $20,000 or more annually in the university.

Anonymous

Carol and Joseph H. Gigler

Joseph O. Neuhoff

B & G Partnership Ltd.

Goldman Sachs Philanthropy Fund

Pat and Neil J. O’Brien

Anonymous

Julia and Matthew D. Hejduk

Viveca and Nick Serafy

Louis A. Beecherl †

John T. Gulczynski †

John M. Olin Foundation

Kelly and Joe B. Armes

Hillcrest Foundation

Martha Sheridan

Belmont Foundation

Gupta Agarwal Charitable Foundation

Minnie K. Patton Scholarship Foundation

The Theodore and Beulah Beasley

Helen Hunt

Fanny Baltazar Sheumaker and

A.H. Belo Corporation Foundation

Yasmin and Satish Gupta

Bosque Foundation

Ed Haggar Family Foundation

James M. Moroney Jr. †

Lynn and Win Bell

Elizabeth and Richard A. Husseini

Christopher R. Bright

J. M. Haggar Jr. Family Foundation

Vincent R. Pawlowski

Christopher R. Bright

Rev. Monsignor Milam J. Joseph

William R. Burleigh Family Foundation

Edmond R. Haggar †

The Rea Charitable Trust

Beverly and Brian F. Burch Sr.

Alfred Kelley

The Sumners Foundation

Catholic Diocese of Dallas

The Patrick and Beatrice Haggerty

Cordelia G. Sansone †

Jennifer Byrne, Ph.D.

Annmarie Flynn Kelly and Robert W. Kelly

The Teagle Foundation

SB International Inc.

Nancy Cain Marcus Robertson and

The Larsen Foundation

Lauren Elizabeth and Jason Wu Trujillo

The John G. and Marie Stella Kenedy

Regina M. Uhl

The Catholic Foundation

Foundation

Trust Grant

Foundation Inc.

HLH Family Foundation

Philip Sheumaker William A. Solemene Charitable Foundation

The Center for Thomas More Studies

Beatrice Haggerty †

Scanlan Foundation

Kathy and J. Barry Clark

Mary and Patrick E. Haggerty

Charles Schulze †

The Estate of Neil and Jo Anne Campbell †

Suzanne Collmer

Hillcrest Foundation

Viveca and Nick Serafy

Mary Devlin Capizzi and Joseph E. Capizzi

Kathleen and Daniel J. Milligan

Tammy and Michael Wehrle

Communities Foundation of Texas

Hoblitzelle Foundation

Rick V. Stark and Patty A. Stark

The Catholic Foundation

Lisa Fougerousse Mobus and Jeff Mobus

The Welch Foundation

Constantin Foundation

Elizabeth and Richard A. Husseini

Bonnie and John L. Strauss

The Center for Thomas More Studies

Lisa and Randall F. Muck

Jean and Martin White

LouAnn and Michael Corboy

W. M. Keck Foundation

The Sumners Foundation

Kathy and J. Barry Clark

Erlinda and Charles Neubecker

Lely K. White

Dr. Donald Cowan † and Dr. Louise Cowan †

The John G. and Marie Stella Kenedy

Mary and Richard K. Templeton

Constantin Foundation

Joseph O. Neuhoff

David M. Crowley Foundation

Memorial Foundation Inc.

Sanford Robertson

Memorial Foundation Inc.

Mary and Michael F. Terry

Debbie and Kurt M. Daniel

Vincent R. Pawlowski

David M. and Mary C. Crowley Trust

Carl B. and Florence E. King Foundation

Bredow and Robert E. Thompson

Maria and Brian Dean

The Rea Charitable Trust

Dan D. Cruse and Margaret A. Cruse †

Charles G. Koch Charitable Foundation

Jere W. Thompson

Robert H. Dedman University of Dallas

Mary Rossi Ritter and Timothy Ritter

Maureen and Robert W. Decherd

Kresge Foundation

Shirley Vilfordi

Joy and Ralph R. Ellis

Carlos J. Kruegel

The Welch Foundation

Danielle and Dan G. Flaherty

Scanlan Foundation

William P. Esslinger †

The Larsen Foundation

Ann and Raymond E. Wooldridge

Carol and Joseph H. Gigler

Robin and William A. Schofield

Elvira and Eugene T. Fitzgibbons

Norma and Harry J. Longwell

YAS International LLC

Danielle and Dan G. Flaherty

The J.E. and L.E. Mabee Foundation

Jane and Manuel Zuniga

The Foundation Powers Inc.

Eugene McDermott Foundation

Fox Management Trusts

David Mitchell Marcus Foundation

Permanent Endowment Fund

Patricia and Paul Verderese

Rebecca and Jonathan Sanford

† Members who have passed

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The President’s Society Dominican Society (for June 1, 2020 -- May 31, 2021)

Carpenter Society (for June 1, 2020 -- May 31, 2021)

The Dominican Society derives its name from the first Dominican priest, Father Damian Fandal, who arrived on campus in 1958. This society recognizes our generous donors who invest between $10,000 and $19,999 annually in the university.

Anonymous

Martha and Alex T. Galbraith

Steven M. Allen

Emily and Seth M. Gartland

Beth and Pete Blute

Bridget and Edward Gramling

Monica and Carlo Molano

William R. Burleigh Family Foundation

Sheila and Christopher Gramling

Elise and Burk Murchison

Chris and Bainard Cowan

The Patrick and Beatrice

Kathy and Joseph C. Murphy

George Creel

Haggerty Foundation

Eileen McPherson Meinert and David Meinert

Laura and Peter Quinn

Susan and Michael D. Cuda

Mary and Patrick E. Haggerty

Catherine and Kenneth Schneider

Donna Sue Dolle and Charles E. Baumann

Stacey and Thomas S. Hibbs

William Sheridan

Bernadette and Aubrey Edwards

Adelaida and Allan Kagan

Gwyneth and Jeffrey Spaeder

Janis A. and Martin J. Fee

Lilly Fellows Program in Humanities and

Patty and Rick V. Stark

Maureen and Michael Ferguson The Fitzgibbons Family Fund

the Arts Mikail M. McIntosh-Doty

Bridgett and Steve Wagner Robert Wood

Ariel and Emmet T. Flood

Gorman Society (for June 1, 2020 -- May 31, 2021) The Gorman Society was founded to honor Bishop Thomas Kiely Gorman, bishop of the Diocese of Dallas at the time of UD’s founding. This society recognizes our generous donors who invest between $5,000 and $9,999 annually in the university.

Anonymous

Anna F. Haine and William R. Haine †

Catherine A. Pullen

Theresa and Chris Archer

Robin and Gregory P. Hoelscher

Karen and Ken Richelsen

David L. Atkinson

Cary Hyden

Judith and Carey Schulten

Leslie Harris and Edward G. Baptista

Yolanda and Edwin L. Jacobs

Andrea and Jeffery Sexton

Francis and Frankie Beckwith

RoseMary Johnson

Megan A. Smith

Linda and Donald W. Bendure

Bishop Gregory Kelly

Alice and Ken Starr

Dian and Richard E. Carville

Kathleen and Thomas Lagarde

Strake Foundation

Catholic Diocese of Dallas

Eli Lilly and Company Foundation

United States Conference

Catholic Heritage Curricula

Dick Long

Elizabeth Ochoa Dalla-Valle

Catharine and Patrick Maher

Kris and Paul Vetter

Kimberly and John Donnelly

The Margaret Maher Foundation

Shirley Vilfordi

Susan Ellis

James Martin

Roy Wadsworth

Richard F. Endres

Marta and Douglas Mayer

Marilyn Walker

Brandie and Timothy Gehan

Shannon and Thomas Nealon

Zuniga Investments Inc.

Heather and Thomas A. Goodman

of Catholic Bishops

Virginia G. Piper Charitable Trust

The Carpenter Society was founded to honor the Carpenter family, who contributed 160 acres to the university in 1955.

This society recognizes our generous donors who invest between $1,000 and $4,999 annually in the university.

Anonymous

Paula M. Ciprich

Mark D. Foeckler

Julie and David Abell

Susan and Daniel F. Clifford

Tom P. Fogerty

Albertsons Safeway

Katherine A. Coerver

Follett Higher Education

Dr. John M. Altomare

Samuel J. Cohen

Jackie and Roy Fuentes

Melanie and Michael Alvares

Comporium Foundation

Phylann and Ed Fusco

Corlin and Wayne Ambler

Trang and Phillip S. Conley

Jackie† and Robert M. Galecke

Thu-Lan and David Andrews

Constance Connelly

Adrienne and John M. Gallagher

Megan and Alan G. Anz

Trang and Scott Crider

Teresa M. Gorman

Elsy and Joseph Arlinghaus

Suzannah and Mark D. Cronenwett

Donna and Louis J. Grabowsky

Laura and Paul Arnold

Kristina Joyce and Joseph M. Cyr

Joseph M. Graham

Rev. Victor Lee Austin

Catherine and Henry Daboub

Amanda and Alexander Halisky

Timberly and Bernard Avendanio

Anne and Timothy A. Daly

Nancy and Michael Hall

Tina M. Azamar

Patrick J. Danaher

Rev. Emmett V. Hall

Kendra and Glenn Backus

Paul and Deb Danaher

Thomas Hansell

BetterMeant Initiatives

Daniel J. Davis

Rachel and Philip Harold

Dr. John Baker and Mrs. Dayle Baker

Elite Sports

Elizabeth and Roy Heyne

Stephanie and Fabius D. Bascon

Jeanette and Matthew deKay

Jon Paul D. Heyne

Julie Dahlquist and Richard Bauer

Jane Z. Delahanty

Sally and Steven Hicks

Eric J. Beeby

Regina and Daniel Devlin

Anne and Dennis Hoelscher

Selena and Killian Beeler

John M. Diebold

Michael T. Hoff

Monsignor John Bell

Betty-Ann Svendsen and Steven DiMarco

Rita and Joe Hogan

Catherine Bellan and James L. Bitterman

Kirk L. Dobbins

Cherie and Jason Hohertz

Kalpana and Ramesh Bhatia

Laura and Dominic Dougherty

Natalie and Michael Horak

Terry and William Biggins

Kristin and Curtis Downs

Vallery and Joseph R. Hrbacek

Mary Ann and Joseph W. Bitter

Elizabeth and John Eastman

Julie and Francis Hubach

Juan S. Blanch

Michelle and John Eliseo

Don Hutchins

Mary Alyce and Alan Blum

Ann Ellis

Lisa and Randy Irlbeck

Lindsay and Alvin O. Bockwinkel

Michelle and Richard Ellis

Italian Club of Dallas

Linda and Thomas Boedecker

Nancy and Jonathan Erickson

Carolyn and Robert James

Young Boozer Family Foundation

Bruce D. Evans

Joseph G. Johnson

Pamela and Curtis P. Bounds

Suzanne and Mark Faulkner

Laurel and Armin Johnson

Abby R. Bova

John Robert (Bob) Fields

Marion and Walter T. Jones

Mary Therese Ahne Breger

Laura and Kevin Fitzpatrick

Tara and Joseph Judge

Nathaniel Brown

Barbara and John J. Flatley

Karen R. Kaczmarski

Renee Brown-Nembhard

Walter L. Fleming

Chrissie and William Keffler

Leah and Marvin Cannon

Laurel Jane and Gregory Fletcher

Rachel E. Khirallah

Renee and Jason Carver

Raphael and Amanda Flood

Pamela and John Kiowski

Jennifer and James Chandler

Gale and Mike E. Florence

Joy Kirsch

† Members who have passed

19

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

20

The President’s Society

Parent council Carpenter Society (continued)

Anonymous

Tamara and Steve F. Nicksic

Anita Shorosky

Libbey and Todd Kitten

Bertha and Thomas J. Norman

Ellen and Kurt Smith

Maisie and John Klocek

John Norris

Sarah D. Sokora

Elizabeth A. Klunder

Mary and Ed Oleksiak

Lynne M. Sprugel

Andrew I. Kovoor

Nancy and Timothy Oliver

Melanie and Robert Stack

Peter Krewet

Jeanmarie and Thomas Organ

Susan and Thomas Stanzel

Ruth T. Krusen

Diane and Jesse P. Orsini

Jamie and Don Stevenson

Mary and Daniel Kubala

Karen and Mark Papania

Teresa and Anthony Stone

Erin and George W. Kuhn

Elizabeth and Nathaniel W. Parker

Rhonda and David W. Stryk

Karen and Christopher Kuplack

Jeanne and John Parker

Rosemary E. Suprenant

Rachel and David Lamberti

Annette and Jeffrey S. Patterson

Karen and David R. Sweet

Kendra J. Lamboy

Julie and Robert E. Pecha

Kathy and Jack Tatom

Mary and Paul Lanari

Mary and John G. Peisen

Kelly and Edgar Tavares

Barbara W. Landregan

Susan D. Pejovich

Dorothy and William R. Tennant

David G. LeMire

Frank B. Peterson

Rebecca Ryskind Teti and Dennis Teti

Susan and John Lenczowski

Jim Petzel

Gail Thomas, Ph.D.

Ann and Jerry Lerner

Patricia and Steven Pierret

Bredow and Robert E. Thompson

Lydia and Frank LoCoco

Ada and Gregory Pimentel

Janis and John M. Tilley

Jessica and John M. Lynch

Barbara and James Pitstick

Mary and Carl Tosetto

Thomas J. Magnor

Mike A. Pitstick

United Way of Orange County

Wendy and Michael H. Magusiak

Catherine and Gregory A. Pivarunas

USAA Property and Casualty Insurance

Heidi and Kevin Maher

Steve and Loree Potash Family

Patty and Alex Valadka

Anne Marie and Kevin Malone

Foundation

Karla and Martin Warborg

James W. Maney

Luz and Michael Probus

Robert Watling

Mary Rister Manuszak and David P.

Michael J. Reilly

Kathryn and Mark Weber

Robert Reinke

John and Julie Weber

Christy and Brannon D. Marlowe

Margaret and William R. Richardson

Cecilia and Charles Weigel

Donald J. McAllister

Mary and Don Richardson

Katherine and David Weisbruch

Anne and Sean M. McCrory

James G. Roberts

Janet and Martin E. Weisse

Gregory L. Migdal

Robert G. Rooney

Charlotte and Sean Williams

The Jack Miller Center

Michele and Greg Roper

Jeanne and James B. Williams

Elena and Daniel Mistrot

Peggy and Leonard Ruby

Jayne A. Williams

Therese and Tom Moncrief

Carley and Paul Rydberg

Michelle and Thomas Williamson

Andrew Moran

Mary and Stephen J. Safranek

Marsha A. Martinez-Wylie and

Gina and Dennis Morrison

Luke A. Safranek

Susan and Stan J. Muckenthaler

Stephen Sale

Mr. and Mrs. Paul T. Yarbrough

Abigail and Mitchell Muncy

Christine and William Sei

Marcia A. Zelinsky

David A. Munday

Olivia and Mark A. Seitz

Catherine and Thomas Zellers

Josephine Semasek Murray and Michael

Patricia and Minhaj Servaes

Clark Zentner

Manuszak

G. Murray

The UD Parent Council was established in 2020 to recognize current and former parents who have committed a gift of $5,000 or more annually. We are grateful to these parents who have invested in preserving the University of Dallas’ unique educational mission for future generations of students.

Anonymous Theresa and Chris Archer, P ’14 ’16 ’17 ’21 Donna Sue Dolle, BA ’89, and Charlie Baumann, BA ’88, P ’19 Beth, BA ’83, and Pete, BA ’82, Blute, P ’11 ’12 ’16 ’21 Chris Bright, BA ’77, P ’10 Beverly and Brian Burch, P ’97 ’01 ’03 ’13 Mary, BA ’88 MBA ’89, and Joe Capizzi, P ’19 ’23

Danielle, BA ’81 MBA ’82, and Dan, BA ’82 MBA ’83, Flaherty, P ’21

Julie and Erick Pecha, P ’11 ’13 ’15 ’17 ’21 ’25

Martha and Alex Galbraith, P ’12

Karen and Ken Richelsen, P ’20

Heather, BA ’85, and Tom, BA ’84,

Rebecca and Jonathan Sanford, P ’23

Goodman, P ’16 ’20 Sheila, BA ’92, and Christopher, BA ’93, Gramling, P ’22 Mary, BA ’67, and Pat, BA ’67, Haggerty, P ’93

Catherine and Kenneth Schneider, P ’22 Viveca and Nick Serafy, P ’12 Andrea, BA ’85, and Jeffery, BA ’85, Sexton, P ’14 Patty, MH ’10, and Rick Stark, P ’99 ’01

Anna and William † Haine, P ’96 ’99 ’01 ’10

Patti and Paul Verderese, P ’03

Kathy and Barry Clark, P ’16

Adelaida and Al Kagan, P ’18 ’21 ’24

Roy Wadsworth, BA ’80 MA ’90, P ’15

Chris, BA ’70 MA ’72, and Bainard, BA ’70,

Annmarie, BA ’91, and Bob, BA ’92 PhD

Bridgett, BA ’81, and Steven Wagner, P ’15

Cowan, P ’96 ’03 ’06 ’07 GP ’15 Susan, BA ’83, and Michael, BA ’82, Cuda, P ’18 Debbie, BA ’77, and Kurt, BA ’74, Daniel, P ’03 Maria and Brian Dean, P ’17 Bernadette and Aubrey Edwards, P ’21 ’22 Maureen and Mike Ferguson, P ’22 ’25

’95, Kelly, P ’22 Erna and Keith Kostuch, P ’21 Kathleen, BA ’98, and Tommy, BA ’97,

Bob Wood, P ’83 ’84 Jane, BA ’70, and Manny, BA ’70, Zuniga, P ’93

Lagarde, P ’23 Marta and Doug, MA ’78, Mayer, P ’09 Lisa, BA ’90, and Jeff, BA ’86, Mobus, P ’16 ’19 Elise and Burk Murchison, P ’10

Erika and Neil D. Shah

Clare E. Myers

Barbara and Bruce R. Shaw

Elizabeth and Stephen Nichols

Nancy H. Shelton

21

Kevin D. Wylie

Parent Council (for June 1, 2020 -- May 31, 2021)

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

22

Legacy Society Profile: mike and sharon Perkins

UD Legacy Society

Donors who name the University of Dallas in their wills, trusts, retirement plans, life insurance policies or life income gifts are included in the UD Legacy Society. Such gifts generously allow our students to focus on their education and pursue wisdom, truth and virtue, and provides for UD’s tradition of academic excellence to continue well into the future.

UD Legacy Society members Anonymous

Ms. Janet Hui MacDonald, MS ’07

Mr. and Mrs. Matt and Clare Venegas

Mr. and Mrs. David Michael Bauer, BS ’66

Mr. J. William McFarland Jr.

Mrs. Bridgett G. Wagner, BA ’81, and

Mr. Michael (Misha) E. Belcher, BA ’72

Mr. and Mrs. Daniel, BA ’91, and Kathleen

Mr. Edwin S. Bell Jr. and Mrs. Lynn Bell Mr. O.D. Cruse, BA ’61 Mr. Michael J. Dixon, BA ’85 MBA ’87 Mr. and Mrs. Michael and Mary Jo McGehee Dorn, MA ’10 Ms. Kelly Frances Fanning, BA ’92

Alumni Aim to Leave Legacy of Transformation From undergraduates to benefactors with UD named in their wills, Mike Perkins, BA ’78, and Sharon (Kapavik) Perkins, BA ’79 MA ’89, have watched their relationship with the university evolve. Once, Sharon was a first-generation student at UD on a scholarship, and Mike was a legacy student who nonetheless worked 54 hours a week to pay his way.

As alumni with careers in ministry, Sharon was a graduate student at UD, teaching at the university briefly, and Mike worked in development for a time as a university employee, running a capital campaign. With three children, money was tight. They became parents of a student — their son, David Perkins, BA ’12 — then parents of an alumnus.

“You can make a gift that’s transformative at any level and leave a legacy that’s meaningful,” said Mike.

Sharon added, “Wealth is also of the spirit — to not only give from our modest material means, but in and from that spirit.

We have no idea how that gift will impact someone; to impact one student would be enough.”

For the Perkinses, UD has shaped their family, enriching both their and their children’s lives with the education they received and the relationships they formed. It brings them great joy to bequeath this means of enriching and forming future lives and relationships.

Finally came the Perkinses’ current position as benefactors.

Upon revisiting their wills, they realized that after years of hard work, they would have funds remaining. Considering where this money would have a lasting impact on the next generation, UD was an immediate choice.

23

Uhl, BA ’91 MBA ’95, Milligan Mr. and Mrs. Madison, BA ’11 MBA ’15, and Danielle Schumer, BA ’10, Milliken

Mr. J. Steven Wagner Mrs. Lely K. White Dr. Robert E. Wood Dr. Donald L. Yandell, BA ’62

Dr. Andrew Damian Moran, BA ’91

Dr. Chafic Abiraad †

Mr. Thomas J. Norman Jr. and

Mrs. Dorothy Evelyn Beyer †

Mrs. Bertha B. Norman

Mr. and Mrs. Neil and Jo Anne Campbell †

Dr. Edith Rossi Fekete

Prof. and Mrs. Lyle and Sybil Novinski

Dr. Cherie Clodfelter †

Mrs. Lisa M. Gabriel, BA ’90 MBA ’12

Mr. Vincent R. Pawlowski, BA ’85

Drs. Donald and Louise Cowan †

Mr. and Mrs. Shahul and

Mr. and Mrs. Mike, BA ’78, and Sharon

Ms. Wayne LeMay Crawford, BA ’65 †

Philomena Hameed

Kapavik, BA ’79 MA ’89, Perkins

Mrs. Margie Cruse, BA ’61 †

Dr. Cristen Hamilton, MA ’05

Mr. James C. Petzel, BA ’75

Mr. Robert H. Dedman †

Mr. and Mrs. David K. and Tricia A.

Mr. Michael Pitstick, BA ’15

Mr. and Mrs. William P. and

Hoffmann Mr. and Mrs. Todd, BA ’12, and Mary Jacobson Mr. Edward B. Janeczko Jr. and Mrs. Linda E. Janeczko Mr. and Mrs. Michael and Anne Judge, BA ’02 Mr. and Mrs. Robert, MA ’92 PhD ’95, and Annmarie Flynn, BA ’91, Kelly Mr. and Mrs. S. M. Kiegerl

Mr. John M. Posey, BA ’87 MA ’89

Dr. Lorand Fekete †

Mrs. Laura Felis Quinn, BS ’86 MBA ’18

Mr. Bernard Kim Foreman, MA ’92 †

Mr. and Mrs. Leonard C. Ruby

Mr. Patrick Haggerty †

Mr. and Mrs. Denis, BA ’91, and

Mr. James M. Lotochinski, BA ’83 †

Chrisy Ryan

Mr. Frank K. Ribelin †

Ms. Elia Abigail Santos, ’19

Mr. Archy M. Roper †

Mr. and Mrs. Philip, BA ’90 MBA ’93,

Mr. and Mrs. Charles P. and

and Fanny Baltazar, BA ’88 MBA ’91, Sheumaker

Ms. Joy Davis Kirsch, BA ’85

Dcn. and Mrs. Denis and Denise Simon

Dr. Carl Kogut, BA ’80

Dr. Megan Anne Smith, BA ’02 MBA ’19

Mrs. Estelle Tovar Lara, BA ’67 MA ’74

Ms. Sarah D. Sokora, BA ’15

Mr. and Mrs. Jerome J., BA ’60, and

Mr. Ron St. Angelo

Ann R. Lerner

Marie Esslinger †

Mr. and Mrs. Elray D. Prejean

Catherine Schulze † Rev. John Ladislaus Vincius † Msgr. Thomas W. Weinzapfel †

Mr. Jason Wu Trujillo

† Members who have passed

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

24

Adapted

Adapted

Years Ended May 31, 2020 and 2021

Years Ended May 31, 2020 and 2021

Statement of Financial Position

Statement of Activities 2020

2021

Assets

2021

$ 37,437,000

$ 37,107,000

Net Operating Revenue

Cash and cash equivalents

$ 10,557,000

$ 16,285,000

79,529,000

103,822,000

8,930,000

8,417,000

74,073,000

71,049,000

$ 173,089,000

$199,573,000

$ 20,603,000

$ 22,238,000

Other liabilities

21,220,000

15,238,000

Total liabilities

41,823,000

37,476,000

50,636,000

65,246,000

131,266,000

162,097,000

$ 173,089,000

$ 199,573,000

Investments, at fair value Other assets Property and equipment, net Total assets

Liabilities and Net Assets Notes and bonds payable

Net assets With donor restrictions Total net assets Total liabilities and net assets

Tuition and student fees Private gifts, bequests and support

3,511,000

2,903,000

Investment return for current operations

3,752,000

4,048,000

Auxiliary activities

12,569,000

15,849,000

Total net operating revenues

57,269,000

59,907,000

37,052,000

37,771,000

17,099,000

16,910,000

Operating Expenses Total compensation Other expenses

Growth in endowed giving in addition to prudent fiscal management over time has resulted in the endowment reaching a record $100M, providing a stable source of funding to support excellence for decades to come.

Interest expenses

$38,351

$40,000

$37,207

$35,348

$35,000 $26,763

$25,000 $18,858

$21,594

$20,436

$22,938

$23,173

998,000

860,000

Depreciation

4,581,000

4,450,000

Total operating expenses and losses

59,730,000

59,991,000

Increase (Decrease) in Net Assets from Operating Activity

(2,461,000) (84,000)

Grants and contracts Contributions restricted for long-term investment and property and equipment Investment return over (under) amounts appropriated for operations

$30,000

Nonoperating Change in Net Assets

Endowment Growth Per Full-time Student

$20,000

2020

$24,959

Gain on sale of property and equipment Change in fair value of interest rate swap agreement

$27,906

Net nonoperating change in net assets Increase (decrease) in net assets

$15,000

Net Assets, Beginning of Year

$10,000

Net Assets, End of Year

–

5,821,000

1,341,000 1,852,000 138,000 23,008,000 2,000

–

(682,000) 234,000 799,000

30,915,000

(1,662,000)

30,831,000

132,928,000

131,266,000

$ 131,266,000

$ 162,097,000

$5,000 $-

25

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Advancing Excellence | Annual Report

Fiscal Year June 1, 2020 - May 31, 2021

26

A UD Education Gets Results “UD students are witty, smart, mature, innovative and hardworking, making them a perfect fit for our company.”

– Brianna Champion, Vistra Corp

Class of 2020 First Destinations

$51,929 average salary

98%

308

employed or in graduate school

graduates

35

industries represented

129

unique employers

UD FAST FACTS

12:1 1956 founded in

accredited by

39

student/faculty ratio

Capstone experience in every major

the southern association of colleges & Schools the association to advance collegiate schools of business

19

Average undergraduate class size

Students Who Have Won Fulbright Scholarships

9

Students Who Have Won Goldwater Scholarships