Innovation in the Making: Wentworth President's Report 2013-2014

Innovation in the Making wentworth president’s report 2013–14

“As both a mature institution and one that is constantly reinvigorating our offerings and capabilities, Wentworth blends the experience and expertise of a proven educational leader with the entrepreneurial qualities of a youthful engine of innovation.” — Z orica Pantić, ee, ph.d., President

dear friends of wentworth In 2014, we found ourselves not only still early in our second century as a school (though incorporated in 1904, Wentworth didn’t open its doors until 1911), but also early in the implementation of our latest five-year strategic plan (2013–2017). As both a mature institution and one that is constantly reinvigorating our offerings and capabilities, we blend the experience and expertise of a proven educational leader with the entrepreneurial qualities of a youthful engine of innovation.

2

The Five Factors of Career Success

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The High-Tech Highway

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The Apartments@525

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Community and Corporate Partnerships

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A New Wave of Supporters

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Strategic Investments, Lasting Impact

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Donor List

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The Corporation

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Summary of Financial Results

Rather than being at odds with each other, we embrace the two halves of our identity, for in that combination lies a key differentiator for Wentworth: our intense focus on delivering an experiential education that leads to career success for our graduates.

Perhaps the clearest—and, moving forward, certainly the most visible—illustration of how Wentworth helps students achieve career success is a new theme currently appearing in our admissions materials: the Five Factors of Career Success. These factors are the result of an extensive research effort that involved speaking with students, faculty, alumni, and external influencers, including guidance counselors, industry partners, and higher education peers.

We are proud to be so differentiated. In this report, I will guide you through some of the key activities and accomplishments of the past year, including the Five Factors, some exciting new facilities, examples of EPIC (Externally collaborative, Project-based, Interdisciplinary Curricula for learning) partnerships, and of course, our fundraising efforts that make all of these things possible.

I hope you will be impressed with our blend of leadership and entrepreneurship in meeting the challenges and opportunities our students will face in the 21st century marketplace. I also hope you will take pride in your support of our efforts, for which we are grateful, and continue to be a loyal friend to Wentworth.

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wentworth president’s report 2013–2014

delivering on our mission “Preparing our students for success following graduation has always been a key focus for Wentworth—and one of our greatest strengths.

In considering what enables us to deliver so consistently in this regard, we were able to identify five qualities that set us apart.”

Id L o ea ca l ti on C P a o ll a r t bo ne r r s a ti hi on ps &

C L e oop ar er ni a t n g iv e

F Ac o c u ad se em d ic s

In En no t r va ep tio re n ne & ur sh i

p

the five factors of career success

The Five Factors of Career Success today’s global, interconnected economy demands creativity, collaboration, and the ability to lead with confidence. Wentworth offers a unique combination of five factors that help ensure our students’ career success through an integrated program of hands-on, experiential learning and opportunities to grow and make valuable connections.

1 Focused Academics

4 Collaboration & Partnerships

Wentworth’s academic offerings are guided by our commitment to EPIC Learning (Externally collaborative, Project-based, Interdisciplinary Curricula). Our programs emphasize both curricular and extracurricular learning, enabling students from different majors to collaborate on complex problems—just as they would in the workplace.

Wentworth collaborates with the Colleges of the Fenway as well as a host of universities, corporations, neighboring communities, and other partners on a wide range of projects. These partnerships provide students with handson experience as well as important connections that lay the foundation for their subsequent professional networks.

2 Cooperative Learning

5 Ideal Location

Students complete a minimum of two semesters of cooperative learning experiences (co-ops), applying classroom knowledge in real-world environments. Through co-ops, students learn to think on their feet as they tackle projects that have real-world implications and impact.

The Wentworth campus is conveniently located within a world-class center of technology, business, and culture, and some of the most respected institutions of higher learning, medicine, and finance are based in Boston. As a result, our students benefit from an ideal combination of working and learning opportunities.

3 Innovation & Entrepreneurship Wentworth provides opportunities for students to identify and fulfill technical, societal, and economic needs with innovative ideas and solutions that the world has never seen before. No matter their major, students are encouraged to adopt an entrepreneurial mindset, and we help give them the resources and support to engage in projects that create real value.

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wentworth president’s report 2013–2014

The Five Factors in Action a cutting - edge co - op: alex schwarzkopf, belm ’15 Few companies have a stronger reputation for innovation

As a result of the fast-paced work environment, Alex says

and functional design than Tesla Motors, whose fully

he quickly learned to work smarter, not harder. “There’s so

electric vehicles are redefining the automotive industry.

much that needs to be done, and it has to be done so well,

For electromechanical engineering student Alex

that there’s no time for spinning your wheels. I learned to

Schwarzkopf, this made pursuing a co-op at their California

think strategically so that I could solve problems in their

production facility a no-brainer. He says, “I have always

entirety—not just one piece of the puzzle at a time.”

had a desire to be at the forefront of innovation—and Tesla is truly cutting edge.”

While helping to develop enhanced power electronics,

Alex plans to take advantage of what he learned at Tesla in his own entrepreneurial endeavors. During his junior year at Wentworth, he and several fellow students

Alex was impressed by Tesla’s almost fanatical attention

developed the idea of an advanced concussion monitoring

to detail. He says, “Their team is constantly redesigning

system, which they later expanded into a business called

the redesign. They care so much about what goes

Pure Innovation (PI) thanks in part to funding offered

into their vehicles.” Thanks to his hands-on experience

through Wentworth’s Accelerate program. “The mentality

at Wentworth, he was able to make substantive

I saw at Tesla is the one we need to adopt at PI. We are

contributions to their project right away. “I found that I

going to market with an elegant, simple, carefully designed

had so many technical, real-world skills—how to solder,

product. The flashy features can always come afterwards.”

how to manufacture parts, how to wire electronics—that the other students working at Tesla simply didn’t have.”

“I learned to think strategically so that I could solve problems in their entirety—not just one piece of the puzzle at a time.”

—Alex Schwarzkopf

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the five factors of career success

a business partnership 16 years in the making: simply stored When Deborah Massaro, BARC ’14, and Stephanie

modifications to their design, prepare their business plan,

Nannariello, BIND ’14, came to Wentworth, they had

and develop a pitch in order to receive funding for their

already been best friends for more than a decade.

new start-up: Simply Stored. They used rubber molds to

The two met in the first grade and quickly became

cast their initial prototypes, opting for a translucent body

inseparable, and while Deborah’s interests were in

that made the nail polish within the container the true

architectural studies and Stephanie’s in user design, both

star of the show.

were fascinated by Wentworth’s focus on the practical

The new business partners plan to continue

application of classroom skills. Stephanie recalls, “I was

developing their product in the years to come. Stephanie

impressed by how hands-on everything is here. It’s not

says that they could not have achieved so much were

clean and theoretical—it’s a place to get your hands dirty.”

it not for the support of the Wentworth community.

This desire to get their hands dirty—to build

“Accelerate taught us how to develop and carry out a

something new from the ground up—led them to the

complex business plan. No matter how successful the

Accelerate Wentworth Innovation + Entrepreneurship

product turns out to be, we learned so much that this

Center, where they found their complementary skillsets

experience could never be considered a failure.”

to be a powerful asset. Years earlier, as part of a high school technology assignment, the two had worked together to design a structure that would organize and display their nail polish collections. Through Accelerate they hoped to capitalize on this creative concept in order to develop a marketable product. Deborah says, “Ever since we created our nail polish cases in high school, our friends would always comment on how cool they were and how they’d love to have something similar. With Accelerate we saw an opportunity to make that a reality.”

Deborah and Stephanie met with mentors from Accelerate who helped them to make strategic

“ACCELERATE TAUGHT US HOW TO DEVELOP AND CARRY OUT A COMPLEX BUSINESS PLAN.” —Stephanie Nannariello

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wentworth president’s report 2013–2014

strategic improvements, state-of-the-art capabilities “I am proud of our success in inspiring, empowering, and innovating through experiential learning opportunities. In order to continue to deliver on this mission, we must invest in strategic improvements to our facilities that provide our students with the high-quality, practical education that is Wentworth’s trademark.”

the high-tech highway

The High-Tech Highway if students are to be fully prepared for the challenges they will face following graduation, they must have the chance to learn and experiment with the true tools of the trade— no matter their field of interest. In support of this goal, Wentworth has been engaged in a vital renovation project through the ground-floor hallways of Wentworth, Williston, and Dobbs Halls. The result is a “High-Tech Highway,” offering the cutting-edge facilities necessary to best position our students for success in today’s age of rapidly changing technologies. As part of this ongoing initiative, we dedicated both the Altschuler Computer Center and the Gelfand Strength of Materials Laboratory in 2014.

The Altschuler Computer Center The Altschuler Computer Center—made possible in large part by a $1 million gift from Sam Altschuler, Hon. ’08, and his wife Nancy—opened on May 16, 2014.

Supplied with a comprehensive collection of industrystandard networking data and storage equipment, as well as all the necessary cables, racks, and powerdistribution tools, the center is unmatched among current undergraduate programs at peer institutions.

The Altschulers hope their gift will serve as a differen­ tiating factor for the Institute and the next generation of students. “New and prospective students are really taken with the quality of these facilities,” Sam says.

“Their eyes go wide when they see them.”

Charlie Wiseman, assistant professor of computer science and computer networking, says the center will create an unprecedented “testing ground” for exploration and discovery in the rapidly expanding

fields of cyber security, network engineering, and maintenance. “Students will learn how to build and operate their own small chunks of the Internet, how to monitor stress on the network, and how to secure it against outside attack,” he says.

By building micro-versions of the systems utilized by technology giants such as Amazon, Facebook, and Google, students at the center will acquire practical, firsthand experience that will position them to succeed in real-world situations. For years, Wentworth graduates have helped design and build the nation’s physical infrastructure. Thanks to the learning experiences afforded by the innovative Altschuler Computer Center, Wentworth graduates will now be supremely equipped to help craft our digital infrastructure as well.

The Altschuler Computer Center features exceptionally powerful facilities that give students opportunities to monitor and troubleshoot a real-life computing environment.

These capabilities include:

35 30 20 5 1

cisco switches

cisco routers

dell servers

cisco nexus switches

emc storage array

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wentworth president’s report 2013–2014

The Gelfand Strength of Materials Laboratory The Gelfand Strength of Materials Laboratory is the newest exit off the burgeoning High-Tech Highway. Dedicated on October 19, 2014, the lab was funded in large part by a $1 million gift from the Gelfand Charitable Trust, led by Mark Gelfand and Cynthia Calabrese.

The Gelfand Lab secures Wentworth’s competitive edge within the discipline of engineering, equipping students with industry-standard equipment and modern machinery that tests tensile strength, torsion, shear, and other structural behaviors. Students will be able to experiment with prototypes to discover the limits of their designs and identify weak points. They can then create new models based on their understanding of how materials react to external and internal stresses. This forward-thinking, functional research has the potential to drive future products in fields as diverse as wearable electronics and advanced construction materials.

Upon returning from a summer co-op at Tesla Motors, fifth-year electromechanical engineering student Alex Schwarzkopf was impressed by the new facility. “It really gives us an edge and lets us compete in the 21st century,” he says.

The lab not only offers new opportunities to undergraduates, but also serves the Institute’s new masters programs, extending Wentworth’s impact on the field and bringing the Institute one step closer to university status.

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the high-tech highway

securing the future: charlie wiseman Assistant Professor of Computer Science and Computer Networking Charlie Wiseman is helping teach the engineers and computer scientists who will become the designers and stewards of the Internet.

For example, in the Altschuler Computer Center students are learning to establish, maintain, and protect fully

A Top Destination for Technology Training

automated networks that they build from

The Gelfand Lab and Altschuler Computer Center complement the Sweeney Nanotechnology Lab, the Amelia and Eugene Lutrzykowski Collaboration Space, and Wentworth’s Manufacturing Center, making Wentworth one of the best-equipped destinations for technology and engineering education. Together, these enhancements have transformed this central campus location into a modern thoroughfare featuring advanced classrooms and laboratories, ensuring that our students benefit from a rigorous academic experience that truly reflects the working environments of tomorrow. “This moves us from the 1960s to today,” says Michael Jackson, chair of the Department of Mechanical Engineering and Technology.

“The principles haven’t changed, but the equipment changes, and we have to keep up with it.”

reasons we created the Altschuler Center

scratch. Charlie says, “One of the main is that today’s students don’t have sufficient opportunities to build their own networks.” Students begin his course with a set of brand-new hardware. Over the semester, they slowly integrate more advanced components running software applications on their network.

Charlie says one of the funda­mental goals of his course is to teach students to leverage automation and redundancy: “Google has hundreds of servers dying

“The Altschuler Computer Center is preparing our students to get phenomenal jobs in what is really a highly advanced field.” —Professor Charlie Wiseman

every day, but the site never goes down for users. We are trying to model a smaller scale version of that kind of data center.”

He feels confident that students will leave his class with the concrete skills and knowledge to be successful right after graduation. “The center is preparing our students to get phenomenal jobs in what is really a highly advanced field,” he says. “Without this equipment we would never be able to give them the same skills and experience, and they are getting a head start on everyone else as a result.”

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wentworth president’s report 2013–2014

at home at wentworth “Wentworth’s transformational educational experiences take place all across our campus— in our lecture halls and laboratories, under trees on the quad, and in the communal spaces of our residential halls. As Wentworth’s enrollment climbs, we have redoubled our commitment to providing on-campus housing for the bright, hardworking students who make our community exceptional.”

the apartments@525

The Apartments@525 in support of our strategic initiative to enhance our campus’s physical infrastructure, Wentworth was pleased to welcome students into our newest residence hall for the first time in September 2014. The apartment-style suites located at 525 Huntington Avenue—known familiarly as the Apartments@525— represent a significant addition to our eight previous residential facilities.

A Community Project As a culmination of three years of planning and construction, Wentworth celebrated the formal dedication of the new building with Boston Mayor Martin J. Walsh and a gathering of other partners and civic leaders on October 28, 2014.

“This truly is a community project,” remarked the mayor. “We’re looking to create more residence halls to work with our neighbors in the city, and we’re looking for partners in education. This building is an example of both.” Mayor Walsh recently articulated his commitment to help Boston’s colleges and universities reduce off-campus living by 50 percent over the next 15 years, and Wentworth is proud to partner with the mayor as he works toward achieving this goal.

Independence, Security, Community Designed by Beacon Architectural and built by Bond Brothers Construction using sustainable materials, the seven-story, 110,000-square-foot facility houses 305 students in suite-style apartments. The building boasts inviting gathering spaces on the ground floor, a beautifully landscaped entry plaza on Huntington Avenue, and communal workspaces where students can collaborate on projects.

As students mature, they typically seek more private and independent living opportunities. In many cases, this leads them to seek housing in nearby neighborhoods off campus. The Apartments@525 offer Wentworth juniors and seniors the very best of both worlds—the independence and amenities of off-campus facilities matched with the security and community benefits of living on campus.

Cultivating a vibrant campus community is central to Wentworth’s mission of preparing students for success in their later endeavors. Students who live on campus are more likely to remain engaged with their coursework and often perform better on exams; The apartments include: as a result, they are better prepared for success upon graduation. → Private and double-style Ensuring that our upperclassmen have access bedrooms to well-equipped, attractive housing options on campus not only sets them up for greater individual → Full kitchens success, but also creates a more dynamic learning community that benefits everyone at Wentworth. → In-unit washers Every student’s experience is enhanced by the and dryers cross-pollination of ideas that on-campus living → Spectacular views of fosters, and the creative concepts born in the casual the city setting of a residence or dining hall often lead to innovative collaborations, projects, or businesses.

Wentworth has long celebrated our bustling campus that sits at the heart of Boston’s learning laboratory. The Apartments@525 create new opportunities for even more of the Wentworth student body to enjoy that singular environment and help to firmly establish Wentworth as a residential institution.

At the Apartments@525 dedication ceremony, Wentworth senior and resident assistant Mike Webb, BELM ’15, remarked, “There’s a lot of pride in living on campus. I could not be more impressed with how the building turned out.”

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wentworth president’s report 2013–2014

connected to our partners “We have made a concerted effort to engage partners who strengthen our educational offerings, create additional opportunities for our students, and increase our institutional visibility. In these and other initiatives, we continually ensure that our curriculum reflects the most relevant, applicable developments in various disciplines, and offer our partners extensive access to the talents of our students, who are among the most skilled and innovative in the nation.”

communit y and corpor ate partnerships

Opportunities to Shine over the past year, Wentworth students participated in a wide variety of programs developed and run in collaboration with corporate and community partners.

Two of the most visible demonstrations of their success in engaging with the world beyond Wentworth involved GE Aviation and the Brookview House, located in nearby Dorchester, Massachusetts.

Taking Flight with GE Aviation

Helping Homeless Teens

As part of our commitment to externally collaborative, project-based, interdisciplinary curricula for learning, last year Wentworth was proud to partner with GE to create an innovative, forward-thinking program in manufacturing technology research. An industry leader in the development and production of aircraft engines and related systems, GE Aviation is ideally positioned to recruit Wentworth graduates, who go on to become leaders in fields of engineering and design. Through the partnership, students were offered the exciting opportunity to help redesign a jet engine component under the careful guidance of GE’s professional engineers.

Over the course of the project, students used advanced design software and 3D printers to explore their concepts and generate prototypes. Employing a variety of techniques including Pareto analysis and cause-and-effect diagrams, students evaluated the strength of their modifications and conducted a value analysis of the component. At the end of the course, they presented their recommendations for a more efficient mechanical design of the component to a panel of faculty and GE representatives to be considered for implementation. Once the solution was approved, the class was invited to visit the company’s facility for a demonstration.

Mike Sims, an executive and general manager for GE Aviation, had this to say about their efforts: “The students of Wentworth are doing great things and receiving an education that will serve them incredibly well in the future. I’m glad they’re taking advantage of this opportunity through GE.” Thanks to this partnership—and others like it—Wentworth students are tackling real-world projects within the academic curriculum, expanding their co-op and job placement opportunities and giving them unmatched professional experience.

At Wentworth, learning is a two-way street: students don’t just passively absorb knowledge—they engage actively with the community on campus and beyond. Many students undertake service-learning projects, where they hone their skills while providing valuable services to those in need. Through collaboration with Wentworth’s Center for Community and Learning Partnerships, Brittany Wilson-Guillermo, BMET ’14, spearheaded the develop­ ment of a project to renovate the teen spaces at the Brookview House, which offers safe housing and support services to homeless women and their children.

Students are helping to create new areas for youth to study, socialize, and prepare meals. In support of the project, Brittany has engaged Wentworth students from a wide variety of disciplines—including industrial design, architecture, and interior design—who bring their individual skills to bear on the project.

The Ford Motor Company Fund recently awarded a $25,000 grant to the Wentworth students participating in this effort, recognizing the significance of their impact on the lives of the Brookview residents. While the grant will help fund the purchase of materials and furniture, Wentworth students, staff, faculty, and alumni will perform all the labor. Over the course of the project, students will gain essential experience in their discipline and contribute to a truly worthy cause for community neighbors in Boston.

“The students of Wentworth are doing great things and receiving an education that will serve them incredibly well in the future.”

—Mike Sims, GE Aviation

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full speed ahead “As I hope you have seen, it has been an incredible year of growth and progress here at Wentworth. These achievements would not be possible without the support of the students, alumni, and friends whose generous contributions to our annual fund—now known as the Wentworth Fund—help keep our institution strong.”

A New Wave of Supporters The Wentworth Fund helps us recruit talented students and top-flight faculty members by supplying crucial financial support for the Institute. Gifts of every amount demonstrate our supporters’ belief in the immeasurable value of the Wentworth experience and provide necessary funding for everything from library acquisitions and lab renovations

as wentworth continues to enhance our infrastructure, technology, and academic programs, we must also enlist the support of our community to ensure our continued success.

With this in mind, on April 1, 2014, the Institute issued the “Get on Board” Challenge to the Wentworth community. The goal: inspire 1,000 new gifts by June 30. Gifts of all sizes were encouraged—the primary objective was to increase participation and unite the community in pursuit of a shared goal.

to vital scholarship assistance.

Your support remains critical as we

look forward to even more exciting initiatives that will bolster Wentworth’s reputation and expand opportunities for our students. It is never too late to “get on board” by making a gift to the Wentworth Fund at wit.edu/wentworth-fund.

1,322

gifts from new wentworth supporters were made during the “get on board” challenge, raising a total of more than

$700k 14

The Wentworth Fund: Immediate Impact Alumni, students, parents, friends, and the Wentworth Leopard all helped to spread the news of the challenge among our community through social media, word of mouth, and on our website. Even President Pantić joined the sensation, releasing a YouTube video that showed her riding a skateboard and encouraging others to “get on board” with her. The Wentworth community rose to the challenge and met it handily, making 1,322 qualifying gifts before the deadline.

By making their gifts to the Wentworth Fund, donors of all levels not only expressed their desire to get on board with our institution’s forward trajectory, but also helped ensure Wentworth’s continued leadership among experiential, career-focused institutions both in Boston and throughout the nation. Surpassing the challenge goal of 1,000 new gifts triggered an additional $100,000 contribution by the Wentworth Board of Trustees and Corporators, further increasing the impact of each donor’s support.

These gifts and others made to the fund have an immediate impact on our community, and play a vital role in ensuring Wentworth continues to deliver the hands-on, interdisciplinary education to which we have long been committed. Reflecting on the successful challenge, Paula Sakey, vice president for institutional advancement, says, “This was a wonderful way to end our fiscal year and engage new alumni support for the Wentworth Fund. The foresight and support of our trustees and corporators in developing this challenge sends a positive message to alumni, parents, and friends about the importance of participation and giving back.”

“From the discoveries they make in the classroom to the contributions they make in the workplace, our students are living proof of Wentworth’s success in developing a new generation of leaders. In many cases, this success is due to the generous support of those whose names you’ll read on the following pages.

I hope that you are as excited as I am by the many outstanding achievements this report reflects, and I thank you for your continued friendship and support for our remarkable students and institution.”

Sincerely,

Zorica Pantic´, ee, ph.d.

President

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wentworth president’s report 2013–2014

Strategic Investments, Lasting Impact an enduring connection: sam (hon. ’08) and nancy altschuler When Sam and Nancy Altschuler were asked to help

“I saw my son getting an extremely good education, and

Wentworth upgrade its current computer lab, they saw

so I was inspired to become involved,” says Sam. He

the opportunity to make a profound difference for the

served as a corporator for the Institute for 30 years and

Institute. “We wanted our gift to help provide students

was awarded an honorary degree in 2008. Jeff recently

with hands-on experiences using the same equipment

followed his father into a leadership role, becoming

they will have on the job,” says Sam, who founded the

a corporator in 2013, and his son David graduated with

electronics manufacturing company Altron in 1970. “The

a degree in computer networking in August 2014.

Altschuler Computer Center gives students a significant advantage over their competitors—they can hit the ground running when they graduate and make an immediate impact at their workplace.”

The Altschuler family’s close involvement with

“Over the years, I’ve seen Wentworth grow substantially and at an increasing pace,” says Sam. “President Pantić has brought a great deal of creativity and innovation to the school. Nancy and I are extremely proud to have played a part in its development, and

Wentworth spans three generations. The Institute’s

we look forward to our family’s continued engagement

hands-on approach attracted Sam and Nancy’s son Jeff,

in the years to come.”

who graduated with an engineering degree in 1984.

“I’ve seen Wentworth grow substantially and at an increasing pace. Nancy and I are extremely proud to have played a part in its development, and we look forward to our family’s continued engagement in the years to come.” —Sam Altschuler

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str ategic investments, lasting impact

fostering real- world skills: mark gelfand and cynthia calabrese Although a physicist by training, Mark Gelfand was always

more than that. They were meticulous at returning my

drawn to the practical dimensions of the STEM (science,

phone calls and they showed a very caring attitude

technology, engineering, and mathematics) disciplines.

towards helping us during a difficult time. I’ve always

When he met his partner Cynthia Calabrese, whose

remembered that and said to my sons that if I ever had

brother and two sons graduated from Wentworth, Mark

a chance to give back, I gladly would.”

was curious to learn more about the Institute. He says, “In STEM fields, simulations work to a point—but only to a

When Mark and Cynthia learned of plans to create a new strength of materials lab, they saw an opportunity

point. You learn so much more by having real, hands-on

to give back to the Institute while simultaneously making

opportunities. When I first became involved with

a real difference by supporting a high-quality facility

Wentworth, I immediately saw that this school was speaking my language.”

For Cynthia, the connection to Wentworth is more

that would train the leaders of tomorrow. Mark says, “Wentworth is quietly developing the future creators of national wealth—and I don’t think they get nearly enough

emotional than strategic. When her second son enrolled

credit for it. I’m proud to support the Institute, knowing

at the Institute, her personal life was in a state of

that for a relatively low cost I can help make an outsized

transition. She says, “Wentworth was extremely helpful

impact on America’s future generations.”

in providing us with financial assistance, but really it was

“Wentworth is quietly developing the future creators of national wealth—and I don’t think they get nearly enough credit for it.”

—Mark Gelfand

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904 society The 1904 Society celebrates and recognizes alumni and friends who have made a commitment to support Wentworth Institute of Technology through a planned or deferred gift. We are pleased to recognize the following individuals, who have let us know that Wentworth is included in their estate plans. Thank you for making a difference in the lives of our community.

mr. james f. adams, mw&tm ’51 mr. george v. albert, sr.*, ac ’46 mr. michael t. anthony, iet ’82, ma ’84 mr. sherman l. ayers*, ec ’28 mr. louis c. beggs, mc&td ’43, hon. ’13 mr. george l. bent, mw&tm ’51 mr. ronald g. betts professor benjamin blake* mr. robert a. booker, bcs ’75 mr. armand e. bourgeois*, mc&td ’50, hon. ’00 mrs. mary z. bryant ethel and vincent devito*, bc ’38 mr. a. wentworth erickson, jr.*, hon. ’86 mr. and mrs.* william h. flanagan, mc&td ’51, hon. ’11 mr. william f. gilbert, jr.*, ie ’51 mr. john b. gray*, hon. ’04 mr. j. richard hero, jr., med ’64 mr. robert a. kilgore*, bc ’50

mr. nikolaos d. kokolakis, iet ’81 mr. stuart locke, ec ’39 mr. eugene a. mccalvey, mds ’72 mr. and mrs. glenn a. neilson, bc ’68, aet ’69 mr. lawrence a. perkins, eet ’64 ms. patricia scharling mr. william m. scranton mr. ernest e. siegfriedt, jr.*, pt ’57, hon. ’02 mr. george g. swain, jr.*, mc&td ’35 mrs. eugenia sweeney, hon. ’09 mrs. ella m. taylor* mr. arthur t. thompson, hon. ’85 mrs. virginia d. thompson dr. john f. van domelen, hon. ’05 mr. joseph t. vercellone, aet ’60 mr. richard l. watts*, eee ’62 mr. donald b. wilson*, hon. ’95 *deceased

to learn more about the wentworth 1904 society, contact: Paula Sakey, vice president for institutional advancement, at 617.989.4219 or sakeyp@wit.edu

donor list

Our Heartfelt Thanks to All Our Supporters Every effort has been made

Lifetime $500,000+

to ensure the accuracy of this list. We apologize for any

Samuel Altschuler, Hon. ’08, and Nancy Altschuler

errors or omissions.

Mr. Michael T. Anthony, iet ’82, ma ’84 Estate of Eben B. Bistline

Please report any corrections to: dataupdate@wit.edu

Mr. Luther H. Blount*, mc&td ’37, Hon. ’89 Frank A. Casella 1991 Charitable Trust

For a complete list of donors,

Davis Educational Foundation

please visit:

Mr. Douglas C. Elder, ac ’58, Hon. ’02 and Mrs. Elizabeth A. Elder

www.wit.edu/wentworth-fund

Mr. and Mrs.* William H. Flanagan, mc&td ’51, Hon. ’11 Mr. Alan P. Fournier, mde ’81, mec ’83, Hon. ’10 The Fournier Family Foundation, Inc. Mr. Mark Gelfand, Hon. ’13 Estate of William F. Gilbert, Jr. GTE Corporation Estate of Donald F. Hodgdon Estate of John A. Kydd, Jr. Richard H. Lufkin Memorial Fund Estate of Orwell P. MacLeod MCAE, Inc. National Science Foundation Estate of Leroy S. Olsen Mr.* and Mrs. Kosta Papoulidis Estate of Francis A. Sagan Mr. Douglas D. Schumann, am ’64, Hon. ’08 Jack Smith, ie ’58, Hon. ’89, and Lillian Smith Softdesk, Inc.

individual donors Arioch Wentworth Circle Gifts of $10,000+

Mr. Douglas D. Schumann, am ’64, Hon. ’08 Jack Smith, ie ’58, Hon. ’89, and Lillian Smith

Mr. Michael T. Anthony, iet ’82, ma ’84

Mr. Robert M. Weyerhaeuser, eee ’78

Mr. Kenneth G. Bacheller* Mr. Louis C. Beggs, mc&td ’43, Hon. ’13 Mr. John Blaisdell, mde ’70, met ’72, and Mrs. Kathy Blaisdell Mr. David C. Blittersdorf, mde ’77, Hon. ’14 Mr. Edward A. Bond, Jr., Hon. ’09 and Mrs. Aletta B. Bond Mr. John E. Brooks, ie ’53 Ms. Cynthia Calabrese, Hon. ’13 Mr. Lloyd A. Carney, eee ’82, ee ’84, Hon. ’13 Mr. George W. Chamillard, ie ’58, Hon. ’97

Mr. William N. Whelan, eep ’63, Hon. ’03

Trustees’ Circle Gifts of $5,000–$9,999 Mr. Jerome H. Casey Mr. Christopher J. Coleman, aet ’81, Hon. ’13 Mr. William G. Creelman, bc ’64 Mr. Paul A. Guarracino, mde ’72 Mr. Ryan E. Hutchins, cmt ’96, cmc ’98 Mr. Gregory B. Janey, ars, bcm ’04 Ivana Magovčević-Liebisch, ph.d., j.d.

Mr. and Mrs.* William H. Flanagan, mc&td ’51, Hon. ’11

John P. Meloni*^, em ’77, ees ’78

Mr. Daniel T. Flatley

Robert and Amelia A. Murray

Mr. Alan P. Fournier, mde ’81, mec ’83, Hon. ’10

Dr. Zorica Pantić

Stephen Fusi, me ’74 and Mindy Pollack Fusi

The Piccarini/Smith Family

Mr. Mark Gelfand, Hon. ’13 Mr. John R. Ghublikian, Jr., Hon. ’94, and Mrs. Maureen A. Ghublikian Mr. and Mrs. Martin D. Guyer, mep ’64, Hon. ’12 Mrs. Lorraine F. Hickey Mr. Phillip R. Hooper, s & de ’58, Hon. ’10, and Mrs. Sally Hooper

Mr. William N. Whelan, eep ’63, Hon. ’03

Dr. and Mrs. Ronald Ritucci

Samuel Altschuler, Hon. ’08, and Nancy Altschuler

Mrs. Eugenia Sweeney, Hon. ’09

Wentworth Alumni Association

Mr. Ernest A. Rhodes, eee ’59

Anonymous

Sweeney Charitable Trust Edwin S. Webster Foundation

Milica and Donald Pogorzelski, Hon. ’06

Mr. Keith J. Peden, Hon. ’09 Ms. Sylvia T. Price, mac ’89 Mr. Frederick F. Raymond, Jr., eee ’84, eec ’86 Kenneth D. and Caroline D. Roberts Mr. Richard D. Sheridan, Sr., s & de ’55 Mr. Robert H. Swanson, Jr., pet ’59, Hon. ’07 Mrs. Ella M. Taylor*^

Ms. Christine Keville

Mr. Sinclair Weeks, Jr., Hon. ’86

Mr. Michael Masterson

Ms. Michele A. Whitham

Mr. and Mrs. Gary J. Miller, aet ’77 Mr. Clarke C. Nickerson, mde ’72, ma ’74 Edward O’Leary, Hon. ’06, and Marie O’Leary Family and Friends of Mike Piccarini, aet ’97, aec ’98

* deceased

^ estate gift

+ matching gift

19

wentworth president’s report 2013–2014

President’s Circle Gifts of $1,000–$4,999

Mr. Michael Frontino, ase ’67

Mr. G. Raymond Luddy, mde ’66

Ms. Fatma Husain Galadari

Mr. Roger C. Lummus, Jr., mw&tm ’54

Mr. Faraj Aalaei, eee ’81, eec ’83

Mr. and Mrs. Mark Gallagher

Mr. John M. Lynch, cet ’80, ce ’83

Mrs. Mary C. Ares

Mr. Leonard C. Gardner, s& de ’56

Mr. Kevin P. McDonough, ats ’69

Mr. Jacob K. Baron, mec ’98

Mr. Henry A. Gibson, s& emo ’40

Mr. Michael W. McNeil, csw ’87

A. Donald and Mary G. Behler

Mrs. Anne M. Gill

Mr. George H. Bodman, mep ’62

Mr. John Grady, bc ’60

Ms. Irene F. McSweeney, bcs ’83, cec ’85, ce ’88

Mr. Robert A. Booker, bcs ’75

Mr. David M. Walsh, mp ’60 Mr. Doten K. Warner*^, ac& d ’37 Mr. George E. Waterhouse, mds ’72 Ms. Carole C. Wedge, faia, leed ap, Hon. ’04

Mr. Wayne J. Griffin

Mr. Ben O’Connell Miley, bind ’08

Mr. Christopher T. Bortlik, css ’94, csc ’96

Mr. Roger Harris, ac ’57

Mr. John M. Milone, Jr., che ’71, ae ’74 Mr. Edward L. Montesi, bc ’60

Mr. James Thomas White, bsa ’12, marc ’13

Mr. Robert W. Boyden, mc&td ’52, mc&td ’58, Hon. ’98

Mr. Russell A. Hutchings, pet ’62 Ms. Amy Intille

Mr. David C. Mores, eee ’64

Mr. and Mrs. Eric Whittenburg

Mr. Stanley A. Jachimowski, bc ’64

Dr. and Mrs. Kevin P. Moriarty, m.d.

Mr. John D. Wise, bcs ’88, bcc ’90

Mr. Ron B. Jean, beet ’11

Mr. Mario J. Mummolo, eee ’64

Mr. Michael F. Wojcik, mps ’75

Mr. Peter Jenness iii, md ’64

Mr. Harold E. Nash iii, aet ’73

Mr. Gary C. Johnson, aia, aet ’72

Mrs. Mary T. O’Neill

Mr. Timothy M. Johnson

Ms. Sandra Pascal

Mr. Wayne C. Johnson

Mr. David E. Patch

Mr. James Joyce, aet ’79

Mr. David B. Perini, Hon. ’07

Mrs. Sharon Jozokos, aet ’92, cmc ’93

Mr. Lawrence A. Perkins, eet ’64

Mr. Douglas J. Karam, bcs ’79, bu ’83

Mr. Alan Perrault

David Blittersdorf Revocable Trust

Mr. Michael P. Kearns, aet ’87, cmc ’89

Dr. Russell Pinizzotto and Ms. Robin Johnson

Bond Brothers Foundation

Mr. John D. Kelleher, aet ’61

Mr. Richard E. Portors, mp ’61

Mrs. Barbara Jane Kirkpatrick Mr. Daniel L. Kissam, bcos ’01

Mr. Thomas G. Quick, cc ’82, bcs ’83, buc ’85

Mr. John S. Konopka, bc ’67

Mr. Daniel E. Robinson, aet ’60

Cherbec Advancement Foundation

Mr. David W. Kruger, Hon. ’04

Mr. Andrew J. Ruspini, mds ’78

Columbia Construction Company

Mr. Lawrence LaFreniere

Mr. Douglas C. Ryder, Esq., aet ’62

Electrical Industry Labor Management Cooperation Trust

Mr. Harry J. Schaller, mp ’66

Mr. Mark Denman, bcc ’89

Mr. Daniel P. Lanneville, bcs ’95, cmc ’97 and Ms. Sharon D. Brown, ids ’98, bint ’99

Mr. Terence G. Dougherty, bcs ’78, ce ’80

Catherine C. Lastavica, m.d.

Mr. Denis M. Dubois, aet ’69

Mr. Chi Chung Lau, eee ’67

Mr. Almanzor L. Dupuis, Jr., ac& d ’41

Mr. Melvin P. Solomon, pm& md ’48

Mr. James P. Leonard, iet ’77

Mr. Douglas C. Elder, ac ’58, Hon. ’02 and Mrs. Elizabeth A. Elder

Mr. Al Spagnolo, aet ’70

Mr. W. Boyd Leslie, iec ’58

Mr. Charles G. Stacey, bc ’66

Mr. Russell B. Emerson, mc&td ’57

Mr. Howard V. Levine, aia, aet ’72, ae ’74, Hon. ’06

Mr. Mark A. Staples

Ms. Jocelyn Frederick

Mr. Michael D. Lindemayer, ees ’71

Ms. Amy Bresky, aet Mr. Paul Anthony Britton, Jr., bcot ’11 Mr. Alexander Bunar, Jr., ac ’55, ac ’57 Mr. Ralph E. Butler, Jr., iec ’57 Mr. and Mrs. Thomas N. Butler Mr. Gerald M. Campbell, ie ’57 Mr. Steve Carbonneau, aet ’80 Mr. Robert A. Chagnon, pe, mc&td ’57 Mr. Thomas F. Comeau, cet ’88, cec ’90 Ms. Rose Conti, bcn, abc ’09, bcm ’12 Mr. Michael J. Corbett Mr. Jack G. Corey, aet ’64 Mr. Raymond G. Coute, med ’63 Mr. Matthew W. Coutu, ct ’87 Mr. William P. Crowley, bc ’57 Mr. Joseph B. Cuddy, eew ’89 Mr. John J. Curtis, bcs ’86 Mr. John J. DeLuca, ie ’58

Mr. Daniel G. Larson, mp ’60

Mr. Richard A. Lolley, pet ’69

Mr. William H. Perkins, am64 ’62

Mr. John J. Savasta, aia, bc ’67 Mr. Douglas C. Shepherd, eee ’60 Mr. David J. Simm, mp ’59 Mr. Lawrence C. Smith, eee ’64

Mr. David W. Stirling, aia, aet ’68 Mr. and Mrs. Peter J. Strauch, Jr. Mr. John J. Tabbutt, ase ’67 Mrs. Karri Tiernan, csc ’95 Mr. Robert Totino Mr. Clayton Turnbull

20

Mr. David A. Wahlstrom, aet ’80 and Mrs. Kathleen Wahlstrom, aet ’78, aec ’80

* deceased

^ estate gift

+ matching gift

Mr. Elmer M. Wetmore, Jr., s& de ’49

institutional donors Arioch Wentworth Circle Gifts of $10,000+ The Ayco Charitable Foundation Kenneth G. Bacheller Charitable Foundation

Edward A. Bond Foundation Carney Global Ventures, llc Frank A. Casella 1991 Charitable Trust

Charles C. Ely Educational Trust Fund Fidelity Charitable Gift Fund The Fournier Family Foundation, Inc. Keville Enterprises, Inc. National Electrical Contractors Association, Greater Boston Chapter SEI Giving Fund UG2 The U.S. Charitable Gift Trust Edwin S. Webster Foundation Whelan Family Foundation Inc.

donor list

Trustees’ Circle Gifts of $5,000–$9,999

Cranshaw Construction

Performance Air Conditioning, Inc.

Mr. Frederick A. Hohler, mc&td ’50

Curtis Construction Company, Inc.

Perini Management Services, Inc.

Mr. Gibson Joseph, belm ’10

Anonymous

Dellbrook Construction llc

Perkins+Will

Mr. Roy N. Kabrick

Acme Building Services Incorporated

Doormen/Lifepath Accelerate Team

Prime Buchholz & Associates, Inc.

Mr. James E. Lewis

Bond Brothers

Eastern Insurance

Rebars & Mesh, Inc.

Mrs. Mary Lewis

Boston Foundation, Incorporated

Electric Supply Center

John Ryan Company, Inc.

Mr. Sidney R. Lewis, fm& o ’27

BSA Foundation

EMC Academic Alliance

S & F Concrete Contractors, Inc.

Mr. Alphonse J. Luinis, ac ’52

J. Calnan & Associates, Inc.

Erland Construction, Inc.

Sagamore Plumbing & Heating, Inc.

Mr. John P. Meloni, em ’77, ees ’78

Citizens Bank

ERW, Inc.

Shawmut Design & Construction

Mr. G. Kendall Nylin, ame ’55

Dacon Corporation

Event Strategy Group

Shepley Bulfinch

FM Global +

Fluor Foundation +

Skanska USA

Mr. Michael R. Piccarini, aet ’97, aec ’98

Gilbane Building Company

Thomas G. Gallagher, Inc.

Staples Incorporated

James W. & Margaret A. Ingraham Charitable Fund

GE Foundation +

Suffolk Construction Company, Inc.

Mr. Daniel Rich, mew ’92 Mr. Richard J. Shaw, pm& md ’42 Mr. William J. York, Jr., pet ’62

Wayne J. Griffin Electric, Inc.

Superior Nut Company, Inc.

Harry Grodsky & Co., Inc. Haley & Aldrich, Inc.

Symmes Maini & McKee Associates, Inc.

Hayward Baker, Inc.

Timberline Construction

gifts in kind

Raytheon +

Hensel Phelps Construction

The Torrey Company, Inc.

Admiral Metals Servicenter

Schwab Charitable Fund

Intel Corporation

Tsoi/Kobus & Associates, Inc.

Agilent Technologies

Wentworth Alumni Association

J. & M. Brown Company, Inc.

UBS Financial Services, Inc.

Feldman Land Surveyors

Jay Cashman, Inc.

United Way of Rhode Island

Pico Technology

President’s Circle Gifts of $1,000–$4,999

Kiva Systems, llc

Uno Restaurants, llc

KVAssociates, Inc.

Vanasse Hangen Brustlin, Inc.

Mr. Dominik Szpyrka, barc ’07, marc ’10

3 Phase Elevator Corporation

Lenovo

Verizon Foundation +

Aetna Fire Alarm Service Company, Inc.

The Luddy Family 2008 Charitable Lead Annuity Trust

Walsh Brothers

AHA Consulting Engineers, Inc.

Mayberry Shoe Company, Inc.

Janey Construction Management & Consulting, Inc. Mechanical Contracting Foundation, Inc.

Wise Construction Corporation

The Architectural Team, Inc.

McGraw Hill Financial +

in memory of

Beacon Architectural Associates

Microsoft Matching Gifts Program +

Deceased Classmates of iec – “56”

A. Donald and Mary G. Behler Foundation

The Miley Foundation

Mr. H. Russell Beatty

Blue Spruce Technologies George H. Bodman, Inc. Boston Properties Inc. Buston Attitude, Inc.

NELCO

Mr. Sean Bender

Office Works

Ms. Jimmie Beverly

O’Leary Limited Partnership

Mr. Philip J. Brooks, aet ’88, aec ’90

Omark Consultants, Inc.

Professor Loutfallah Georges Chedid, ee ’83

The Pepsi Bottling Group, Inc.

J. C . Cannistraro, llc

Mr. Edward J. Crowley, eep ’59

Casella Waste Systems, Incorporated

Mr. David J. D’Agostino, aet ’80, ce ’84

Central Ceilings, Inc. Chapman Construction

Mr. Joseph A. DeNapoli, ec ’48

Chartwells Corporation

Mr. Frederick M. Faulkner, mc&td

Collegiate Press

Mr. Harvey S. Goodwin, Sr., bcs ’69, aet ’70

Commander Contracting Commodore Builders Consigli Construction Company, Inc.

Mr. Rolf O. Zinnack

Mr. Gerald S. Gray, ei& m ’35 Mr. James R. Hickey, bc ’62

* deceased

^ estate gift

+ matching gift

21

wentworth president’s report 2013–2014

Wentworth Institute of Technology Corporation 2013–2014 trustees Chairman Michael T. Anthony ’82, ’84 Executive Vice President Cambridge Semantics, Inc.

Stephen F. Fusi, cfa, cfp, ’72, ’74 Senior Wealth and Investment Advisor New Wealth Advisors, llc

Vice Chairman Michael Masterson Chairman and ceo ALD NanoSolutions, Inc.

Phillip R. Hooper ’58, Hon. ’10 Past Vice President and Operations Manager FM Global

Treasurer Kenneth D. Roberts Past Chairman Candela Corporation

Ryan E. Hutchins ’96, ’98 Senior Vice President and Regional Manager Gilbane Building Company

Secretary Christine Keville President and ceo Keville Enterprises, Inc.

Gregory B. Janey ’04 Principal Owner Janey Construction Management and Consulting, Inc.

President Zorica Pantić, ee, ph.d.

President Wentworth Institute of Technology

Wayne C. Johnson Executive Director of UMass Innovation Institute University of Massachusetts Lowell

John “Jack” W. Blaisdell ’70, ’72 Past Vice President and Chief Engineer UPS, Inc.

David W. Kruger, Hon. ’04 Past Senior Vice President Bank of Boston

Jerome H. Casey Past President and Chief Operating Officer Sekisui Diagnostics, llc George W. Chamillard ’58, Hon. ’97 Past ceo and Chairman Teradyne, Inc.

Howard V. Levine, aia, ’72, ’74, Hon. ’06 Principal Cramer Levine and Company Architects, P.C. Ivana Magovčević-Liebisch, ph.d., j.d.

Senior Vice President and Head of Global Business Development Teva Pharmaceutical Industries, Ltd.

Michael J. Corbett Senior Vice President and Chief Financial Officer PC Construction Company

Gary J. Miller ’77 President Wentworth Alumni Association Executive Vice President and coo NELCO Worldwide

Daniel T. Flatley Trustee The Flatley Foundation

Robert C. Murray President BOND, Inc. Keith J. Peden, Hon. ’09 Senior Vice President, Human Resources and Security Raytheon Company

22

Donald E. Pogorzelski, Hon. ’06 Past President Genzyme Diagnostics Sylvia T. Price ’89 Director of Presales Solutions Pitney Bowes Software, Inc. Clayton Turnbull Founder and ceo The Waldwin Group Michele A. Whitham, Esq. Partner Foley Hoag llp corporators Jeffrey Altschuler ’84 President Altronics Manufacturing, Inc. Jacob K. Baron, Esq., ’98 Partner Holland & Knight, llp David Blittersdorf ’77, Hon. ’14 President and ceo AllEarth Renewables, Inc. Edward A. Bond, Jr., fsmps, fcmaa, leed ap, Hon. ’09 Chairman and ceo BOND, Inc. Robert A. Booker ’75 President R. A . Booker Builders, Inc. Robert W. Boyden ’52, ’58, Hon. ’98 Past President and Treasurer Boyden Molding, Inc. Gerald M. Campbell ’57 Past Vice President and General Manager GTE Telecom International

Rosemarie A. Conti Director of Select Projects BOND, Inc. William G. Creelman ’64 Past Vice President A. J. Martini, Inc. John J. Curtis ’86 President Curtis Construction Company, Inc. Dana A. DeMatteo ’83, ’85 Senior Project Manager Lee Kennedy Co., Inc. Mark Denman ’89 Vice President of Construction Boston Properties Paul E. Doherty Vice President of Hospitality Shawmut Design and Construction Terence G. Dougherty ’78, ’80 Executive Director, Health Systems Transformation Commonwealth Medicine, UMass Medical School William H. Flanagan ’51, Hon. ’11 Past President and Chairman Nexus, Inc. Jocelyn Lum Frederick Principal Tsoi / Kobus & Associates, Inc. Paul A. Guarracino ’72 President and Founder J. M. Electrical Co., Inc. Martin D. Guyer, clu, ’64, Hon. ’12 Certified Insurance Consultant MDG Associates of CT, llc Gary C. Johnson, aia, ’72 Principal Cambridge Seven Associates, Inc.

the corpor ation

Brian-Keith Jones ’93, ’95 Manufacturing Engineer Bose Corporation

Stefania Nappi Mallett ceo ezCater, Inc.

Lawrence Sorgi ’73 President Worksmart Systems, Inc.

James Joyce ’79 ceo OfficeWorks

Michael Maltzan, faia, Hon. ’10 Founder and Principal Michael Maltzan Architecture, Inc.

Al Spagnolo, aia, ’70 Founding Partner Spagnolo Gisness & Associates, Inc.

Irene F. McSweeney ’83, ’85, ’88 Director of Construction Boston Water and Sewer Commission

Carole C. Wedge, faia, leed ap, Hon. ’04 President Shepley Bulfinch

John M. Milone, pe, ’71, ’74 President Milone & MacBroom, Inc.

Sinclair Weeks, Jr., Hon. ’86 Chairman and ceo Emeritus Reed and Barton Foundation, Inc.

Sharon Jozokos, leed ap, ’92, ’93 Project Executive Suffolk Construction Company Douglas J. Karam ’79, ’83 President KVAssociates, Inc. Michael Kearns ’87, ’89 Director of Project Management, Renovations, and Capital Renewal Massachusetts Institute of Technology John D. Kelleher ’61 Past Senior Vice President of Real Estate and Development Shaw’s Supermarkets, Inc. Deborah W. Keller ’93 Principal Engineer/ Project Manager McKenzie Engineering Group, Inc. Lawrence LaFreniere President Electric Supply Center Daniel P. Lanneville, leed ap, ’95, ’97 Senior Project Manager Skanska USA Building Inc. Daniel G. Larson ’60 Past Chairman and President Larson Tool and Stamping Company

Clarke Casey Nickerson ’72, ’74 Past President Spinnaker Contract Manufacturing, Inc. Michael J. O’Dowd ’87, ’89 Bridge Project Development Engineer and Supervising Project Manager for Major Projects Massachusetts Department of Transportation Edward J. O’Leary ’48, Hon. ’06 General Partner Development Associates David B. Perini, Hon. ’07 Past Commissioner, Division of Capital Asset Management Commonwealth of Massachusetts Ronald P. Ritucci, d.m.d.

Retired Orthodontist Richard D. Sheridan, Sr. ’55 Past President Gateway Equipment Corporation

W. Boyd Leslie ’58 Vice President of Sales MicroTek, Inc.

David J. Simm ’59 Past President and ceo Doncasters, plc

John M. Lynch ’80, ’83 Vice President of Engineering, Construction, and Facilities Management Staples, Inc.

John “Jack” F. Smith ’58, Hon. ’89 Past Senior Vice President Digital Equipment Corporation

Paul W. Weiss ’85, ’87, ’88 Senior Manager, “Unleash the Labs”, Rational software IBM Software Group John D. Wise ’88, ’90 President Wise Construction Corporation

trustees emeriti Nicholas Bachynski Past Executive Parsons Main Edward A. Bond, Jr., Hon. ’09 Chairman and ceo BOND, Inc. Robert W. Boyden, ’52, ’58, Hon. ’98 Past President and Treasurer Boyden Molding, Inc. Kenneth L. Carr, Hon. ’92 ceo and Chairman Meridian Medical Systems, llc Phillip R. Hooper, ’58, Hon. ’10 Past Vice President and Operations Manager FM Global David W. Kruger, Hon. ’04 Past Senior Vice President Bank of Boston Eric M. Levi, Hon. ’96 Past Vice President and Manager of Operations Raytheon Douglas D. Schumann, ’64, Hon. ’08 President P-Q Controls, Inc. Richard D. Sheridan, Sr., ’55 Past President Gateway Equipment Corporation C. Thomas Swaim, Esq. Senior Partner Holland & Knight llp Arthur T. Thompson, Hon. ’85 Past Provost Wentworth Institute of Technology Sinclair Weeks, Jr., Hon. ’86 Chairman and ceo Emeritus Reed and Barton Foundation, Inc. William N. Whelan, ’63, Hon. ’03 Past Chairman Spaulding & Slye Colliers Principal Whelan Associates llc

23

wentworth president’s report 2013–2014

Summary of Financial Results 2014

2013

2012

2011

2010

2009

2008

Revenues 109,002,831 100,902,407

90,465,695

82,857,398

80,260,109

74,145,362

68,695,561

25,758,412

25,462,578

23,671,905

22,881,568

21,790,322

21,230,959

19,985,059

Gifts and bequests

1,228,645

1,083,455

1,115,399

834,687

693,944

550,252

769,984

Other income (loss)

1,278,879

1,396,425

1,664,300

2,296,495

1,912,310

(506,698)

1,733,310

Investment income used for operations

3,888,420

3,625,553

3,199,889

3,375,260

3,746,400

4,350,280

4,056,176

total operating revenues

141,157,187

132,470,418

120,117,188

112,245,408 108,403,085

99,770,155

95,240,090

Education and general

94,353,534

90,486,525

84,196,353

81,662,241

80,043,390

78,066,275

76,408,652

Auxiliary expenditures

4,759,303

5,084,141

3,838,815

3,469,075

3,604,936

3,536,085

3,466,365

Student aid

36,151,646

31,690,100

27,576,400

21,233,321

18,454,289

16,465,597

13,956,059

135,264,483

127,260,766

115,611,568 106,364,637

102,102,615

98,067,957

93,831,076

5,892,704

5,209,652

4,505,620

5,880,771

6,300,470

1,702,198

1,409,014

1,214,492

3,162,480

1,040,961

1,009,830

820,216

654,938

4,225,099

7,900,249

11,874,351

(11,513,907)

14,124,477

(1,862,364) (29,937,929)

(13,816,022)

15,036,831 (10,472,946)

15,134,307

(1,042,148) (29,282,991)

(9,590,923)

Student tuition and fees Auxiliary enterprises revenue

Expenses

total operating expenses operating subtotal Gifts Endowment and investment gain (loss) nonoperating subtotal

9,114,741

Net Assets Beginning of year

160,532,942 140,286,459

146,253,785

125,238,707

119,980,385

147,561,178

155,743,087

End of year

175,540,387 160,532,942 140,286,459

146,253,785

125,238,707

119,980,385

147,561,178

74,417,358

77,477,975

66,796,355

66,779,877

91,070,763

endowment

24

91,461,836

81,890,151

president zorica pantić, ee, ph.d. senior vice president for academic affairs and provost russell pinizzotto, ph.d. vice president for business david wahlstrom vice president for enrollment management and student affairs keiko broomhead, ed.d. vice president for finance robert totino vice president for human resources anne gill vice president for technology services and chief information officer mark staples vice president for institutional advancement paula sakey chief of staff, president’s office amy intille Editor: Caleb Cochran Writing: Libretto Design: Stoltze Design Photography: Kathleen Dooher, Heratch Ekmekjian, Tony Rinaldo, Gregg Shupe, Brian Smith

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