President's Report 2012 2013

Advancing the Institute wentworth president’s report

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fiscal year 2015

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a message from ryan hutchins

the campaign for the douglas d. schumann library & learning commons

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renewable energy leader’s gift makes wentworth a player in an emerging field

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scholarships strengthen the wentworth learning community

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thanks to the balfour foundation, the boston pipeline initiative is poised for growth

planned giving leaves a lasting legacy

president’s circle

thanks to donors, wentworth achieves record-breaking annual fund total

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donor list

the corporation

summary of financial results

president ’s l e t ter

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dear friends, Ten years ago, I had the honor of becoming president of Wentworth. Over the past decade, the Institute has been on an upward trajectory. We added eight new undergraduate programs; became a master’s degreegranting institution with five professional graduate degree programs; and Wentworth’s experiential academic focus expanded to include innovation and entrepreneurship. The number of applications has doubled; our enrollment increased to 4,000 students; and our national rankings are rising. The credit for our ability to accomplish all these things can be shared among the Institute’s leadership, faculty, staff, and one other very important constituency: our donors.

This year’s President’s Report turns its spotlight on the essential support of our many generous benefactors. While their names have always appeared in the back of this report, this year we wanted to bring some of them into the front, as well. In this report, we discuss a few examples of transformational gifts we have received in the past year. At the same time, I must make it clear that each and every financial contribution—large or small, directed or unrestricted—is appreciated. Our examples were chosen not for their denominations but for their diversity: they support capital projects, scholarships, and professorships; they come from corporations, young and established alums, and foundations.

As I said in my inauguration speech back in April 2006, what attracted me most to Wentworth were our students. Even after 10 years, they continue to amaze me—their dedication, energy, enthusiasm,

entrepreneurship, and leadership. But the success of our students would not be possible without the extraordinary participation of many donors. You helped us support our students’ access, experience, and success through scholarships, professorships, and support for the facilities.

So in this President’s Report, the message is simple: Thank you. Whatever your affiliation with Wentworth, whatever your giving history, whatever your philanthropic priorities, we are honored that you have shown us your support in the past, and we hope to enjoy your continued involvement in our important work in the years to come.

zorica panti´c , ee, ph.d. president

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dear friends, As a Wentworth alumnus, it is my honor to serve on the Board of Trustees.

And as chair of the Board’s Development Committee, I’m proud to report that fiscal year 2015 (FY15) was a very successful year for fundraising.

Thanks to all the donors who supported Wentworth in the past year—and who continue to make the Institute a philanthropic priority—we have amassed an enviable list of financial highlights: → wentworth received over $14 million in new

commitments with $5,718,451 provided in cash → the number of alumni and friends giving increased by 24% → corporate and foundation contributions rose to $584,219 → the percentage of students receiving financial aid was 88% → named scholarships were awarded to 217 students

Gifts don’t have to be very large to make a very big difference. For example, as you’ll learn on pages 16–17, this year we had a record-breaking year for the Wentworth Fund, as 3,284 donors contributed a total of $1,017,264. On average, that’s just a little more than $300 per person. All we ever ask anyone is to give what they can—but to please give.

We rely on donors to strengthen, enrich, and expand our Five Factors of Career Success; specifically, Focused Academics (our curricular and extracurricular programs), Cooperative Learning (our hands-on practical experience opportunities), Innovation and Entrepreneurship (including

our Accelerate center), and Collaboration and Partnerships (see pages 10–11 for an example).

To all who contributed, we thank you. To all who may contribute in the future, I hope that the articles in this report make the case for what Wentworth can achieve with your support.

ryan e. hutchins, cmt ’96, cmc ’98 senior vice president and regional manager, gilbane building company and chair, wentworth development committee

th e d oug l a s d. sch u m a n n lib r a ry

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l e a rning com mons

the campaign for the douglas d. schumann library & learning commons Built in 1967, Wentworth’s library has continually taken steps to keep pace with advances in information and technology. Now it is time for it to take a major leap forward. Launched in 2015 with a $5 million gift from Doug Schumann, AM ’64, Hon. ’08, the Campaign for the Douglas D. Schumann Library & Learning Commons will transform this essential asset into an interdisciplinary space that fosters collaboration and innovation. for more information on the campaign for the douglas d. schumann library & learning commons, please contact:

Paula Sakey Vice President for Institutional Advancement 617-989-4219 sakeyp@wit.edu

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An investment in learning, research, and innovation At a total estimated cost of $15 million, the library renovation will bring about wide-ranging upgrades that reflect contemporary trends in library design and functionality, including: → construction of common spaces for

collaboration and interdisciplinary learning → a complete overhaul of the library’s

technology infrastructure, which will allow students to work individually or together to test and model prototypes in real time → a groundbreaking lending program that

will allow students to check out tools and technologies such as laser cutters, modeling software, and 3d scanners and printers

These kinds of capabilities will play a pivotal role in affirming the essential characteristics of a Wentworth education—helping students take ownership of, and responsibility for, their learning through tools that deliver information about new and proven concepts and techniques.

As such, it joins a growing list of other important enhancements to the campus and to Wentworth’s academic and research offerings, including the Altschuler Computer Center, the Gelfand Strength of Materials Lab, and the Center for Sciences and Biomedical Engineering.

“The Douglas D. Schumann Library & Learning Commons will be an inspirational space—a place for students that is uniquely theirs; where they can engage with their peers and instructors; where they can explore and take ownership of their own learning; where they can make and create,” says Library Director Kevin Kidd.

The man behind the name Doug Schumann, a Wentworth trustee emeritus and 2008 honorary degree recipient, is no stranger to making transformative gifts. His past donations to Wentworth have ranged from funding the Schumann Fitness Center, which opened in 2012; to providing scholarship support for mechanical engineering students who demonstrate positive, goal-oriented attitudes; to endowing the Schumann Professorship in Mechanical Engineering and Technology.

Schumann is the owner and founder of P-Q Controls Inc., a leading engineering services company that supplies heavy-duty joysticks and controls for the refuse, mining, forestry, marine, and construction industries, among others. His success puts him in a position to make a difference for others. “My philanthropic work is rooted in the love and support I received from my parents and a desire to help young people who may not have been as fortunate as I was,” he says.

Additional gifts speak volumes Schumann’s $5 million gift was a great start toward completing the overall campaign goal of $7.5 million.

Two other major donors have stepped up to keep the momentum going through gifts that total $750,000. The first is from William Whelan, eep ’63, a trustee emeritus and former board chair whose service to Wentworth earned him an honorary degree from the Institute in 2003. He also was the winner of the 1998 Wentworth Alumni Association Gold Leopard Award.

According to Whelan, chairman of Whelan Associates, llc, “Wentworth had a major impact on my life and career. I believe it is essential that the Institute have the facilities it needs to become

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library 101

a truly world-class institution. I think Wentworth stands out because of its commitment to practical as well as theoretical learning and an upgraded library will play an important role in enabling students to build, create, and learn.”

Paul Guarracino, mde ’72, trustee and the founder and president of J. M. Electrical Company in Lynnfield, Mass., has also made a substantial gift to the library campaign.

“For many years, I contributed to the annual fund,” he says. “But in 2003, in the same month that my wife passed away, I decided to make a $10,000 contribution to have her name displayed on the Leopard statue. Then I started taking Wentworth students as co-ops. About this time, President Panti´c arrived, and she has been instrumental in putting the school on the map and inspiring people to get more involved. Wentworth played a big role in my success, and it feels good to give back.” ◆

“my philanthropic work is rooted in the love and support i received from my parents and a desire to help young people who may not have been as fortunate as i was.” — Doug Schumann

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The Alumni Library opened in 1967, with 100,000 books on the shelves. Prior to 1967, the library was housed in Wentworth Hall and held a collection of only 10,000 books.

The current collection consists of 62,000 print books and DVDs, along with 350 print periodicals.

In addition, electronic resources available 24/7 online include 317,000 e-books, 64 article and multimedia online databases, 17,000 online videos, and 54,000 e-journals.

The library currently employs 14 staff members—10 of whom are professional librarians—along with 40 student employees.

Expected completion date is the end of August 2016, with the renovated library slated to open in time for the fall 2016 semester.

Paul Guarracino, mde ’72

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renewable energy leader’s gift makes wentworth a player in an emerging field Corporator David Blittersdorf, mde ’77, has been at the forefront of renewable energy technology for more than 30 years. As president and CEO of AllEarth Renewables Inc., a Vermont-based company that makes, sells, and installs solar-power systems, Blittersdorf believes the energy revolution is happening now and the move away from fossil fuels cannot be delayed. In 2015, Blittersdorf put his money where his vision is, endowing a $1.5 million professorship fund at Wentworth focused on supporting faculty whose scholarly work is geared toward sustainable engineering, technology, design, and management.

David Blittersdorf, mde ’77

th e b lit ter sd orf professor ship

Blittersdorf built his first wind turbine when he was 14 and another while at Wentworth. “The 1970s was the time of the worldwide energy crisis and oil embargoes,” he says. “But aside from a nuclear energy program at Wentworth, there wasn’t a lot going on there in terms of alternative energy.” He built his third wind turbine while a student at the University of Vermont, and eventually started his first company in 1982.

With sustainability having migrated from the buzzword du jour to a true business mandate, Blittersdorf wants Wentworth to be a leader in this area. “It’s about giving back and it’s also about going forward,” he says. “We need to move the needle on renewable energy right now. The world needs more thinkers and doers who are focused on this issue and that’s why I endowed a professorship.

“My goal is to help Wentworth become a recognized leader in education and research into renewable energy,” Blittersdorf continues. “I want to make this a bigger part of the academic experience at Wentworth because I think the future of Blittersdorf built his first wind turbine the world depends on an ability when he was 14 to break our dependence on and another while fossil fuels.” at Wentworth.

A first recipient, a lasting impact Thanks to his generosity, the future is now. In addition to the Blittersdorf Professorship, the gift will also fund a number of scholarly initiatives at Wentworth, including the annual Blittersdorf Faculty Award, which will recognize those with the vision and innovation needed to advance the field.

The professorship will be rotated every three to

Mansour Zenouzi, ph.d., pe, fasme

Blittersdorf’s largest gift to Wentworth, he has been a strong supporter of his alma mater since his graduation, and his close, continuing affiliation with Wentworth has been recognized. In 2014, he delivered the keynote address at Wentworth’s Summer Commencement and received an honorary degree from the Institute. And now, the Blittersdorf Professorship will stand as a marker of his visionary leadership in the field of renewable energy. ◆

“my goal is to help wentworth become a recognized leader in education and research into renewable energy.” five years, and may be awarded to a current faculty member or a new hire.

Wentworth’s first Blittersdorf Professor is Mansour Zenouzi, ph.d., pe, fasme, a professor of Mechanical Engineering and Technology.

“I am pleased to be the first recipient of the Blittersdorf Professorship,” Zenouzi says. “This will enable me to support students’ energy-related projects and to create a center and a laboratory for sustainable energy in collaboration with other faculty members who are interested in energy and its impact on the environment.”

“I think Dr. Zenouzi is a great first recipient,” Blittersdorf adds. “He is committed to crossing disciplines to make his work successful.”

While the $1.5 million endowment is

— David Blittersdorf, mde ’77

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scholarships strengthen the wentworth learning community For most students, nothing does more to directly impact their education than awarding them scholarships. As an institution, Wentworth is particularly grateful to donors who provide funds for scholarships because it enables talented students who might not have been able to afford a Wentworth education to study here. Scholarships, therefore, both support individual students and strengthen our entire learning community.

For this reason, 2015 has been a tremendous year for Wentworth, as new endowed and expendable scholarships and a generous scholarship grant provided important and necessary support.

schol a r ship s

choose to stay onboard after graduation. Right now, close to 25 percent of our staff members are Wentworth graduates; many have developed into leaders and their ideas and energy are helping to drive innovation in our company.”

Michael Santora, bsa ’05, pays it forward

John C. Cannistraro, Jr.

J. C. Cannistraro llc seeds a pipeline of innovation Corporator John C. Cannistraro, Jr., is president of J. C. Cannistraro llc, a Watertown, Mass.-based company that provides mechanical construction services for commercial and institutional projects throughout greater Boston. Founded in 1963 by his father and currently led by Cannistraro and his three brothers, the company specializes in the use of building information modeling and prefabrication. In 2015, the company endowed a $25,000 scholarship fund at Wentworth for students from Boston with financial need.

“Our company has been affiliated with Wentworth since 1999, when we took on a single co-op student,” Cannistraro says. “Around that time, the use of technology in the construction industry really took off, especially in terms of computer modeling. My brothers and I have always been impressed with Wentworth students; they seem to get better every year. Today, the company averages 15 co-op students per semester, most from Wentworth. The retention rate is high, as many

Corporator Michael Santora is the youngest person ever to endow a scholarship at Wentworth. As CEO and co-founder of Crown Holdings, a group of New York City-based development, consulting, and architecture and engineering design firms, Santora is paying forward the financial support that helped him when he was a student.

“I don’t come from a wealthy background,” he says. “Without the scholarships that paid for my education, I wouldn’t have been able to start my own business at 26. So out of gratitude, I decided to create my own endowment fund to provide scholarships for future Wentworth architecture students.”

Santora’s $25,000 gift is not just about the front-end benefit of paying tuition; it’s also about the back-end relief from high student-loan debt. “I Michael Santora, bsa ’05

know a lot of graduates who live with their parents as they try to pay back loans,” he says. “Your first job will be the lowest-paying job you have; being burdened with debt inhibits your growth as a person and a professional.”

Santora has also been working to create co-op opportunities for Wentworth students at Crown and at other New York City firms. “I really support Wentworth’s education style,” he says. “In my experience, they produce much more real-worldready students.”

Yawkey Foundations steps up to the plate The Yawkey Foundations support several scholarship programs designed to help talented and motivated disadvantaged young people meet the rising costs of education. In 2005, the Trustees of the Yawkey Foundations began to consider the needs of disadvantaged adult learners looking for career advancement and further higher-education opportunities.

According to Anne Fortune, manager of special programs at the Yawkey Foundations, “Our trustees wanted to support education programs that prepare disadvantaged adults for career advancement or further higher education. We give the money directly to colleges and allow them to distribute funds to adult students as they see fit.”

In 2015, the Yawkey Foundations gave Wentworth’s College of Professional and Continuing Education (CPCE) a $50,000 grant, which is providing 15 worthy recipients with a chance to achieve their career goals. “We have supported Wentworth for a number of years,” says Fortune. “Since 2005, the Yawkey Foundations have awarded Wentworth a grand total of $225,000 to support their continuing education programs.” ◆

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thanks to the lloyd g. balfour foundation, the boston pipeline initiative is poised for growth Through the Center for Community and Learning Partnerships (CLP) and its various projects and programming, Wentworth fulfills a long-term commitment to making a difference in the local community. Founded in 2005, CLP focuses not just on community engagement opportunities, but also on helping underrepresented minority and low-income students from Boston prepare for, access, and succeed in higher education. This latter effort is achieved through a carefully designed project called the Boston Pipeline Initiative (BPI) that enjoys solid buy-in from community partners, which in turn provides a strong base of support for student success.

th e b oston pipelin e initi ati v e

The BPI encompasses three strategically aligned programs: SAT Prep, Dual Enrollment, and RAMP, a pre-college summer bridge program. Because these programs had previously been funded separately, it was difficult for CLP to scale any of them to meet the growing need. Enter the Lloyd G. Balfour Foundation, which earlier this year provided a twoyear, $150,000 grant to the BPI. This is the Balfour Foundation’s first grant to Wentworth and the largest foundation grant that CLP has received to date.

“Though today we welcome students from all over the world, Wentworth originally was founded to provide technical education to Boston youth,” says CLP Director Erik Miller. “Through the BPI, we are able to fulfill the Institute’s founding mission in a way that makes a greater impact than we’ve been able to do before.”

Miller notes that only the RAMP program is specifically geared for future Wentworth students.

“The SAT Prep and Dual Enrollment programs are more altruistic,” he says. “The goal is to prepare Boston youth for any higher education experience, not just at Wentworth.”

According to Lori Friedman, director of corporate, foundation, and government relations at Wentworth, “The BPI is a good fit for the Balfour Foundation, which has a strong commitment to supporting education for underserved populations.

We’re very grateful for their generous support, which will help us serve many more Boston high school students.”

Promoting a pipeline of opportunity for Boston youth Thanks to the Balfour Foundation’s grant, the CLP will be able to sustain and expand programs that have already been proven successful. With only

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35 percent of Boston students graduating college in seven years, scaling the BPI programs will help increase graduation rates, making lifelong success a greater possibility for more local young people.

Here is more information about each of the BPI’s three component programs. ◆

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sat prep Launched in 2014, the SAT Prep program was designed to close the test-score gap for Boston students (who score an average of 135 points lower than students from the rest of Massachusetts).

Wentworth faculty and teaching assistants work with students recruited from Boston high schools and youth-serving organizations on developing test-taking strategies, learning content, and taking practice exams. All materials are provided free of charge—including SAT testing fees. Last year, local high school juniors who were enrolled in the program improved their scores nearly 100 points.

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r amp Participants in the RAMP program are Boston residents attending Wentworth as firstyear freshmen. For six weeks during the summer, RAMP helps incoming first-year students acclimate to college coursework, form a cohort of peers from similar backgrounds, and immerse themselves in campus life before the start of the academic year. Established in 2011 as a work-study program, RAMP provides one-on-one mentoring, academic support, and projectbased learning activities with real-world community-based clients. In addition, each student is paid a significant stipend for participating in the program.

The first-year retention rate for RAMP participants is 87 percent, compared with 84 percent for the rest of the student body.

This past August, six students from the first cohort graduated Wentworth in four years.

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dual enrollment Since 2011, CLP’s Dual Enrollment program has made it possible for Boston high school students to earn high school and college credit simultaneously by taking freshman-level courses at Wentworth. The courses, which are offered free of charge (including tuition, laptops, and books), cover mathematics, business management, science, and computer programming.

Dual Enrollment students have access to the same campus resources as the rest of the Wentworth student body, as well as individualized support in developing essential success skills as they gain exposure to college coursework and STEMrelated majors. Having grown from five students in 2011 to 45 students last year, CLP anticipates serving 55 students during the 2015–16 school year.

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planned giving leaves a lasting legacy Planned giving is a special form of philanthropy. Gifts are deferred to some time in the future, often but not always at death, involving any of a number of financial assets that represent a lasting legacy of support. At Wentworth, we highly value and gratefully recognize those who include Wentworth in their estate plans by honoring them as members of the 1904 Society.

Named for the year in which the Institute was founded through the estate gift of Arioch Wentworth, the 1904 Society celebrates those generous alumni and friends who have made a commitment to support Wentworth through a planned or deferred gift. Their gifts will contribute greatly to our growth and success and they will benefit future generations of Wentworth students and faculty.

“i am the middle of three generations in my family with a wentworth affiliation. my father, charles f. angell, was an instructor of electronic engineering technology and my son, philip, graduated in 1989 with a construction management degree. it is a joy to give to wentworth.” — Barbara Balboni, aet ’84, aec ’86

building the future—brick by brick To celebrate and encourage the investment that alumni and friends express in the future of Wentworth through their estate plans, we are launching a yearlong campaign throughout 2016.

The goal is to motivate alumni and friends to make us aware of their thoughtful intentions to provide a gift. Every new member of the 1904 Society will have the option to have a

“wentworth was a very exciting place to study back then, and it still is going places today. i enjoyed working in the machine shop and i liked my instructors. when i began to make my estate plans, i was proud to name wentworth the beneficiary.” — George Bent, mw&tm ’51

brick with their name on it installed in a lovely brick pathway at a special, highly visible location on campus.

Details and updates on the campaign will be sent during the year and will also be available at alumni events and on the Wentworth website. The brick pathway will be dedicated during the 2017 Black and Gold Weekend.

pl a n n ed gi v ing

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membership has its benefits Members of the 1904 Society are recognized annually in the President’s Report. Wentworth also sends personalized invitations to members to attend an annual donor recognition Mr. James F. Adams, mw&tm ’51 Mr. George V. Albert, Sr.*, ac ’46 Mr. Charles T. Anderson* Anonymous

Mr. Robert W. Cookson*, mc &td ’57

Mr. and Mrs. Glenn A. Neilson, bc ’68, aet ’69

Mr. Charles E. Dearborn, Jr.*, am ’58

Mr. Keith J. Peden, Hon. ’09

Ethel and Vincent DeVito*, bc ’38

Mr. Lawrence A. Perkins, eet ’64 Ms. Patricia Scharling

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

Mr. A. Wentworth Erickson, Jr.*, Hon. ’86

Mr. William M. Scranton

Mr. Sherman L. Ayers*, ec ’28

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

Mr. Ernest E. Siegfriedt, Jr.*, pt ’57, Hon. ’02

Mr. William F. Gilbert, Jr.*, ie ’51

Mr. Everett W. Skinner, Jr., che ’64, pls ’05

Ms. Barbara A. Balboni, aet ’84, aec ’86 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 Mr. Robert W. Boyden, mc &td ’52, mc &td ’58, Hon. ’98 and Mrs. Carol Boyden Mrs. Mary Z. Bryant Mr. Reinhold A. Carlson, ec ’50 Mr. Paul Cherkas*, ac & d ’42

Mr. John B. Gray*, Hon. ’04 Mr. John A. Grimes, md ’61

Mr. George G. Swain, Jr.*, mc &td ’35

Mr. J. Richard Hero, Jr., med ’64

Mrs. Eugenia Sweeney, Hon. ’09

Mr. Robert A. Kilgore*, bc ’50

Mrs. Ella M. Taylor*

Mr. Nikolaos D. Kokolakis, iet ’81

Mr. Arthur T. Thompson*, Hon. ’85

Mr. George L. Larned, Jr.*, che ’60 Mr. Howard V. Levine, aet ’72, ae ’74, Hon. ’06

Mrs. Virginia D. Thompson* Dr. John F. Van Domelen, Hon. ’05

Mr. Stuart Locke, ec ’39

Mr. Joseph T. Vercellone, aet ’60

Mr. G. Raymond Luddy, mde ’66

Mr. Richard L. Watts*, eee ’62

Mr. Eugene A. McCalvey, mds ’72

Mr. Donald B. Wilson*, Hon. ’95

Mr. John P. Meloni*, em ’77, ees ’78

* deceased

event hosted by the president, as well as to a range of Wentworth alumni and special events.

Membership in the Wentworth 1904 Society requires submitting a copy of the estate-planning arrangement, and/or a signed “Letter of Intent” describing the benefit assigned to Wentworth. Acceptable arrangements include naming Wentworth in a will, establishing a charitable trust, gift annuity, making a gift of insurance or other assets, or any other similar deferred gift.

For more information, please contact: Associate Vice President of Institutional Advancement Carol Estes-Schwartz, at 617-989-4255 or estesc@wit.edu, or visit wit.giftplans.org.

“there is no question that any success i’ve had in life is primarily due to wentworth. it seems proper to give back. i’m happy to put my name on the list of those who have given in the hopes that it will inspire others to donate as well.”

— B ob Boyden, mc & td ’52, hon ’98, trustee emeritus

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president’s circle Since its founding in 1904, Wentworth Institute of Technology has been shaped by visionary leaders, builders, dreamers, and doers who paved the way for generations of students.

Inspired by our founding and traditions, the President’s Circle is a prestigious group of alumni and friends of Wentworth whose leadership giving and enthusiastic commitment to the Institute sets an example and inspires others.

president ’s circl e

Wentworth is pleased to recognize and thank these leadership donors who have made significant investments in the Institute’s future. With commitments of $25,000 or more in a single year, these President’s Circle donors help fulfill some of the most immediate needs of Wentworth and its students.

A leadership gift to Wentworth honors our tradition of excellence while securing the Institute’s future. In fiscal year 2015, President’s Circle members contributed 81 percent of the dollars raised by Wentworth Institute of Technology. for more information on the president’s circle, please contact:

Paula Sakey Vice President for Institutional Advancement 617-989-4219 sakeyp@wit.edu

Arioch Wentworth Society Lifetime gifts of $1 million+

Mr. Douglas D. Schumann, am ’64, Hon. ’08

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

Samuel Altschuler, Hon. ’08 and Nancy Altschuler

Jack Smith, ie ’58, Hon. ’89 and Lillian Smith

Mr. Mark Gelfand, Hon. ’13

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

Mrs. Eugenia Sweeney, Hon. ’09

The Fournier Family Foundation, Inc. Mr. Alan P. Fournier, mde ’81, mec ’83, Hon. ’10

President’s Circle Commitments of $25,000+ received by June 30, 2015

Mr. Mark Gelfand, Hon. ’13

Mr. George V. Albert, Sr.*, ac ’46

Mr. Paul A. Guarracino, mde ’72 Mrs. Lorraine F. Hickey Mr. Anil D. Jha, met ’68 and Mrs. Stefania Jha Mr. John S. McGrath, che ’62 Mr. and Mrs. James Menditto, at ’65, ase ’66

Estate of William F. Gilbert, Jr.

Mr. Faisal Al-Shawaf, aec ’94, bcs ’95

GTE Corporation

Mr. Charles T. Anderson*

Edward O’Leary, Hon. ’06 and Marie O’Leary

Estate of John A. Kydd, Jr.

Mr. Sherman L. Ayers*, ec ’28

Dr. and Mrs. Ronald Ritucci

Mr. John A. Kydd Jr., pm & md ’42

Lloyd G. Balfour Foundation, Bank of America, N.A., Trustee

Mr. Michael Vincent Santora, baet ’05

Richard H. Lufkin Memorial Fund, Bank of America, N.A., Trustee Estate of Leroy S. Olsen

Mr. David C. Blittersdorf, mde ’77, Hon. ’14 Edward A. Bond Foundation Mr. Edward A. Bond, Jr., Hon. ’09 and Mrs. Aletta B. Bond J.C. Cannistraro, llc Frank A. Casella Charitable Trust Mr. George W. Chamillard, ie ’58, Hon. ’97 Columbia Construction Company Anonymous Charles C. Ely Educational Trust Fund Fidelity Charitable Gift Fund Mr. and Mrs.* William H. Flanagan, mc &td ’51, Hon. ’11 Mr. and Mrs. Daniel T. Flatley Ford Motor Company Fund The Fournier Family Foundation, Inc.

Mr. Douglas D. Schumann, am ’64, Hon. ’08 Jack Smith, ie ’58, Hon. ’89 and Lillian Smith Wentworth Alumni Association Mr. Robert M. Weyerhaeuser, eee ’78 Yawkey Foundation II

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thanks to donors, wentworth achieves record-breaking annual fund total For the first time in its history, the Wentworth Fund broke the million-dollar mark in fiscal year 2015 (FY15), raising a grand total of $1,017,264. Thanks to the generosity of our 3,284 donors—which includes a greater than 6 percent participation rate among alumni—Wentworth has an even greater ability to invest in its programs and operations going forward.

David A. Wahlstrom, aet ’80

th e w ent wor th fu n d

Gifts to the Wentworth Fund support current-use operating expenses that have an immediate impact on our learning community. As such, they play a significant role in ensuring that the Institute can continue to deliver an interdisciplinary, experiential education that prepares future generations of innovators and entrepreneurs to make substantial contributions to society and lead successful, fulfilling careers. Specifically, these annual funds are used to: → enhance

lab spaces on campus student presentations at academic conferences → bolster academic programs → provide emergency financial aid → enrich student life activities → sponsor

Indirectly, a strong Wentworth Fund has other highly important benefits to the Institute. For example, it ensures our ability to recruit and retain the strongest students, as well as top-notch faculty and staff, in an increasingly competitive market.

In addition, the participation rate of alumni who make annual gifts is a key measure representing satisfaction and is one of a number of metrics used to determine national rankings; it also strengthens Wentworth’s ability to secure contributions from foundations and other sources.

Annual giving helps keep Wentworth current For leadership-level ($1,000+) donor David A. Wahlstrom, aet ’80, Wentworth runs in the family.

His wife and daughter are alumnae of the Institute, and his son is a current student. Wahlstrom, who has been a staff member since 1979, truly has a 360-degree view of the importance of annual giving

on Wentworth’s continued strength and success.

“I don’t recall when I became a regular donor to the Wentworth Fund,” says Wahlstrom, “but when Wentworth began enabling donations through payroll deduction, I jumped at the opportunity.

Every year since then, I have gradually increased my gift amounts. As an employee and an alum, I have an appreciation for the quality of the education and career readiness that Wentworth provides. When students graduate here, they’re ready for jobs. I want to continue to support that.

“To put it simply, philanthropy is how Wentworth will stay current,” he continues. “When we opened the Manufacturing Center in 2011, the equipment was state of the art. But the state of the art changes quickly and we need to have the resources available to remain on the cutting edge. Annual giving is what enables us to do that.”

In essence, a gift to the Wentworth Fund is a vote of confidence in the Institute and its power to transform students’ lives and careers—not to mention an ideal way for alumni to give back and show their appreciation for their own experience at Wentworth. In FY15, the votes were counted and the result was the Fund’s first million-dollar year.

But hopefully not the last. ◆

“as an employee and an alum, i have an appreciation for the quality of the education and career readiness that wentworth provides. when students graduate here, they’re ready for jobs. i want to continue to support that.” — David A. Wahlstrom, aet ’80

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w ent wor th president ’s rep or t fisc a l y e a r 20 15

our heartfelt thanks to all our supporters This list includes donors who made gifts and pledge payments between July 1, 2014, and June 30, 2015.

individual donors

Mr. and Mrs. Daniel T. Flatley

President’s Circle Gifts of $25,000+

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

Mr. George V. Albert, Sr.*, ac ’46

Mr. Mark Gelfand, Hon. ’13

Mr. Faisal Al-Shawaf, aec ’94, bcs ’95

Mrs. Lorraine F. Hickey

Mr. Charles T. Anderson*

Mr. Anil D. Jha, met ’68 and Mrs. Stefania Jha

Anonymous Mr. Sherman L. Ayers*, ec ’28

Mr. and Mrs. James Menditto, at ’65, ase ’66

Mr. David C. Blittersdorf, mde ’77, Hon. ’14

Edward O’Leary, Hon. ’06 and Marie O’Leary

Mr. Edward A. Bond, Jr., Hon. ’09 and Mrs. Aletta B. Bond Mr. George W. Chamillard, ie ’58, Hon. ’97 Mr. and Mrs.* William H. Flanagan, mc &td ’51, Hon. ’11

Dr. and Mrs. Ronald Ritucci Mr. Douglas D. Schumann, am ’64, Hon. ’08 Jack Smith, ie ’58, Hon. ’89 and Lillian Smith Mr. Robert M. Weyerhaeuser, eee ’78

Mr. Douglas C. Elder, ac ’58, Hon. ’02 and Mrs. Elizabeth A. Elder Mr. Joseph F. Fallon, aet ’73, ce ’77

Please report any corrections to: dataupdate@wit.edu For a complete list of donors, please visit: wit.edu/wentworth-fund

Beatty Society Gifts of $10,000–$24,999 Mr. Michael T. Anthony, iet ’82, ma ’84

Mr. John E. Brooks, ie ’53 Mr. Robert W. Cookson*, mc &td ’57

Friends of Sean Paradis

Mr. and Mrs. Sinclair Weeks, Jr., Hon. ’86

Mr. Paul A. Guarracino, mde ’72

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

Mr. and Mrs. Martin D. Guyer, mep ’64

Mr. John R. Ghublikian, Jr. and Mrs. Maureen A. Ghublikian

Mr. Phillip R. Hooper, s & de ’58, Hon. ’10 and Mrs. Sally Hooper

Williston Society Gifts of $2,500–$4,999

Mr. Daniel Maxwell Holzer, belm ’09

Mr. Ryan E. Hutchins, cmt ’96, cmc ’98

Mr. Douglas J. Karam, bcs ’79, bu ’83

Mr. Kenneth Isaacs

Mr. Faraj Aalaei, eee ’81, eec ’83 and Ms. Susan Akbarpour

Ms. Christine Keville

Mr. Gregory B. Janey, ars, bcm ’04

Mr. Michael Masterson

Mrs. Lorraine Kuchinsky

Mr. and Mrs. Gary J. Miller, aet ’77

Mr. John M. Lynch, cet ’80, ce ’83

Dr. Zorica Pantić

Ivana Magovčević-Liebisch, ph.d., j.d.

Mr. Keith J. Peden, Hon. ’09

Robert and Amelia A. Murray

Family & Friends of Mike Piccarini, aet ’97, aec ’98

Mr. Clarke C. Nickerson, mde ’72, ma ’74 Mr. Edward W. Pivirotto, Jr., bcs ’74, ae ’76

Mr. Michael D. Binette, aet ’81, aec ’86 Mr. Robert W. Boyden, mc &td ’52, mc &td ’58, Hon. ’98 Mr. Steve Carbonneau, aet ’80, baet ’82 and Mrs. Michelle J. Carbonneau, aet ’81, ma ’83 Mr. John J. Curtis, bcs ’86 Mr. John Grady, bc ’60 Mr. Bob P. Grant, che ’65

Mr. Frederick F. Raymond, Jr., eee ’84, eec ’86

Mr. John S. Konopka, bc ’67

Mrs. Ella M. Taylor*^ Ms. Michele A. Whitham

Mr. Ernest A. Rhodes, eee ’59

Mr. William H. Perkins, am ’62

Kenneth D. and Caroline D.* Roberts

Mr. Jack Pini

Mr. Michael Vincent Santora, baet ’05

Mr. Kevin W. Quinn, bcs ’74, ce ’76

Mr. Kenneth G. Bacheller* Mr. Louis C. Beggs, mc & td ’43, Hon. ’13

Mr. Richard D. Sheridan, Sr., s & de ’55

Stephen Fusi, me ’74 and Mindy Pollack Fusi

Milica and Donald Pogorzelski, Hon. ’06 Every effort has been made to ensure the accuracy of this list. We apologize for any errors or omissions.

Mr. and Mrs. Jerome H. Casey

Dobbs Society Gifts of $5,000–$9,999 Mr. George L. Bent, mw &tm ’51 Mr. John Blaisdell, mde ’70, met ’72 and Mrs. Kathy Blaisdell

Mr. John S. McGrath, che ’62

Mr. Andrew J. Ruspini, mds ’78 Mr. Douglas C. Shepherd, eee ’60 Mr. and Mrs. Robert Totino

d onor list

Founders Society Gifts of $1,000–$2,499

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

Mr. George Abe

Mr. Denis M. Dubois, aet ’69

Mr. and Mrs. Marc G. Allison

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

Mrs. Mary C. Ares

Ms. Chrystyanna Edgecomb

Mr. Jacob K. Baron, mec ’98

Mr. Theodore W. Edwards, Jr., mep ’64

Mr. Eric C. Beauvais, eec ’93

Mr. Jeffrey Erickson

A. Donald and Mary G. Behler

Mr. Michael Frontino, ase ’67

Mr. George S. Bellamacina, eet ’65

Ms. Fatma Husain Galadari

Mr. George H. Bodman, mep ’62

Mr. and Mrs. Mark Gallagher

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

Mr. Henry A. Gibson, s & emo ’40

Mr. Paul Anthony Britton, Jr., bcot ’11 Mrs. Keiko S. Broomhead Mr. David A. Brossi, ac ’53 Mr. Alexander Bunar, Jr., ac ’55, ac ’57 Mr. and Mrs. Thomas N. Butler Mr. and Mrs. Gerald M. Campbell, ie ’57 Mr. Robert A. Chagnon, p.e., mc &td ’57

Mrs. Anne M. Gill Mr. John A. Grimes, md ’61 Mr. Clyde N. Grindell, ec ’50 Mr. John P. Heinstadt, Esq. Mr. and Mrs. J. Richard Hero, Jr., med ’64 Mr. Robert E. Howes, eet ’67 Mr. Russell A. Hutchings, pet ’62 Ms. Amy Intille

Ms. Rose Conti, bcn, abc ’09, bcm ’12 and Mr. Ronald Conti

Mr. and Mrs. Peter Jenness, III, md ’64

Mr. Matthew W. Coutu, ct ’87

Mr. Gary C. Johnson, aia, aet ’72

Mr. William G. Creelman, bc ’64

Mr. Wayne C. Johnson and Ms. Melissa Brokalakis

Mr. William P. Crowley, bc ’57 Mr. Joseph H. Curran, aet ’88, aec ’90

19

Mrs. Sharon Jozokos, aet ’92, cmc ’93 Mr. Michael P. Kearns, aet ’87, cmc ’89

Mr. William L. Dalton, Jr., eep ’60 Mr. John J. DeLuca, ie ’58 Mr. Mark Denman, bcc ’89

* deceased

^ estate gift

+ matching gift

20

w ent wor th president ’s rep or t fisc a l y e a r 20 15

Mr. Gary S. Keith, mpe ’78, me ’80

Mr. David C. Mores, eee ’64

Mr. Elmer M. Wetmore, Jr., s & de ’49

Cookson Charitable Remainder Unitrust

Gilbane Building Company +

Mr. Edmund L. Kelley, eee ’63

Mr. W. James Morrissey, bc ’65

Mr. and Mrs. Michael F. Wojcik, mps ’75

The Alice W. Dorr Foundation

Mrs. Barbara Jane Kirkpatrick

Mr. Charles J. Murphy, eee ’88

James W. & Margaret A. Ingraham Charitable Fund

Mr. Daniel L. Kissam, bcos ’01

Mr. and Mrs. Harold E. Nash III, aet ’73

institutional donors

Mr. and Mrs. Abdulrahman Kreidieh

Mrs. Mary T. O’Neill

Mr. David W. Kruger, Hon. ’04

Ms. Sandra Pascal

President’s Circle Gifts of $25,000+

Mr. Lawrence LaFreniere

Mr. David B. Perini, Hon. ’07

Mr. and Mrs. Randall D. Lambert

Mr. Lawrence A. Perkins, eet ’64

Mr. George L. Larned, Jr.*, che ’60

Educational Advancement Foundation Electrical Industry Labor Management Cooperation Trust Holzer Family Foundation

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

Estate of Charles T. Anderson

Keville Enterprises, Inc.

Estate of Sherman L. Ayers

KVAssociates, Inc.

Mr. Frank A. Pesa, aet ’59

Lloyd G. Balfour Foundation, Bank of America, N.A., Trustee

National Electrical Contractors Association, Greater Boston Chapter

SEI Giving Fund

Mr. and Mrs. Daniel G. Larson, mp ’60

Mr. and Mrs. Anthony Phillips

Blittersdorf Family Foundation, Inc.

Raytheon +

Ella Taylor Trust I

Catherine C. Lastavica, m.d.

Mr. and Mrs. Richard E. Portors, mp ’61

Edward A. Bond Foundation

Mr. and Mrs. Chi Chung Lau, eee ’67

Ms. Sylvia T. Price, mac ’89

J. C . Cannistraro, llc

William E. Schrafft and Bertha E. Schrafft Charitable Trust

Mr. James P. Leonard, iet ’77

Mr. Daniel E. Robinson, aet ’60

Frank A. Casella Charitable Trust

Mr. Douglas C. Ryder, Esq., aet ’62

Columbia Construction Company

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

Ms. Paula Sakey and Mr. Robert Sakey

Charles C. Ely Educational Trust Fund

Mr. Mark A. Staples

Ford Motor Company Fund

Dobbs Society Gifts of $5,000–$9,999

Mr. David W. Stirling, aia, aet ’68

The Fournier Family Foundation, Inc.

Bond Brothers Foundation

Mr. Bernard M. Szwarc, eee ’65

Wentworth Alumni Association

BOND

Mr. John J. Tabbutt, ase ’67

Yawkey Foundation II

Brocade

Mr. John M. Looney, p.e., che ’61 Mr. G. Raymond Luddy, mde ’66 Mr. Roger C. Lummus, Jr., mw & tm ’54 Ms. Kathleen MacNeil, aet ’81, ae ’83 Mr. Ronald L. MacNeill, Sr., csw ’85 Mr. and Mrs. Douglas H. McCarter, ac ’49 Mr. Kevin P. McDonough, ats ’69 Mr. Michael W. McNeil, csw ’87 Mr. Edward L. Montesi, bc ’60

Mrs. Karri Tiernan, csc ’95 Mr. David A. Wahlstrom, aet ’80 and Mrs. Kathleen Wahlstrom, aet ’78, aec ’80 Mr. David M. Walsh, mp ’60 Mr. and Mrs. George E. Waterhouse, mds ’72

Carney Global Ventures, llc Beatty Society Gifts of $10,000–$24,999 The Ayco Charitable Foundation Kenneth G. Bacheller Charitable Foundation Cherbec Advancement Foundation Commodore Builders

RBS Citizens Bank

Ella M. Taylor Trust III Whelan Family Foundation Inc.

UG2 Edwin S. Webster Foundation

Mr. and Mrs. W. Boyd Leslie, iec ’58

Mr. George Lewis, Hon. ’00

NELCO

Central Ceilings, Inc. Crown Design and Consulting Electric Supply Center FM Global +

Williston Society Gifts of $2,500–$4,999 The Architectural Team, Inc. Arizona Construction Equipment, Inc. Boston Society of Architects Buston Attitude, Inc. Chapman Construction/Design Chartwells Corporation John R. Conant 2010 Irrev Trust Curtis Construction Company, Inc. C.E. Floyd Company, Inc. Thomas G. Gallagher, Inc. GE Aviation

d onor list

Hensel Phelps Construction Intel Corporation J. M . Electrical Company The Miley Foundation New England Mechanical Contractors Association

A. Donald and Mary G. Behler Foundation George H. Bodman, Inc. Boston Properties, Inc. The Melissa C. Brokalakis Trust

Lenovo

Touloukian Touloukian Inc.

Mr. Joel J. Labbe*, eec ’91*, tmc ’91

The Luddy Family

UBS Financial Services, Inc.

Mr. Sidney R. Lewis*, fm & o ’27

MathWorks

Unified Construction Group, llc

Mr. Ralph F. Lovejoy*, weld ’34

Mayberry Shoe Company, Inc.

US Electrical Services, Inc.

Mr. Alphonse J. Luinis*, ac ’52

Microsoft Matching Gifts Program +

Velocity Collaborative Real Estate Group, llc

Mr. Elliot B. Matteson, Jr.*, cet ’82

Builders and Remodelers Association of Greater Boston

Millwork One, Inc.

BW All Sports

National Association of Home Builders

J. Calnan & Associates, Inc.

National Society of Black Engineers

Cambridge Seven Associates, Inc.

Noonan Brothers Painting

Cane Systems, llc

Office Works

Casella Waste Systems, Inc.

O’Leary Limited Partnership

Cranshaw Construction

Omark Consultants, Inc.

Dacon Corporation

Omni Mount Washington Resort

Dyer Brown & Associates, Inc.

Performance Air Conditioning, Inc.

Elaine Construction

Pro Con, Inc.

Erland Construction, Inc.

Redbrook / A . D. Makepeace Company

Gaston Electrical Co., Inc.

The Richmond Group

Acme Building Services, Inc.

GE Foundation +

S & F Concrete Contractors, Inc.

ADM Agawam Development, llc

Harry Grodsky & Co., Inc.

Schwab Charitable Fund

Aldon Electric

Hoop School, llc

Shawmut Design & Construction

Russ Hutchings Associates, Inc.

Skanska USA

Ingersoll-Rand Company +

Standard Electric

J. & M. Brown Company, Inc.

Suffolk Construction Company, Inc.

Estate of George L. Larned, Jr.

Superior Nut Company, Inc.

Lavallee Bresinger Architects

Ella Taylor Trust II

The Pepsi Bottling Group, Inc. Perkins+Will Prime Buchholz & Associates, Inc. Rebars & Mesh, Inc. Staples Advantage Structure Tone, Inc. Uno Restaurants, llc Zone Mechanical, Inc.

Founders Society Gifts of $1,000–$2,499 A. Murphy Electrical

Allegheny Contract Flooring, Inc. American Plumbing & Heating Corporation Associated General Contractors of Massachusetts, Inc. Bard, Rao + Athanas Consulting Engineers, llc

Timberline Construction

Verizon Foundation + Walsh Brothers Wells Fargo Advisors, llc WSP Group Z-Lights, Inc.

in memory of Mr. Roland Ares*, s & de ’55 Mr. Sean Bender* Mr. Joshua D. Bent*, aaet ’01, baet ’03 Mr. Jimmy Beverly* Mr. Philip J. Brooks*, aet ’88, aec ’90 Mr. Timothy Carrig*, acmt ’04, bcmt ’06 Mr. Roger B. Conant*, s & emo ’42 Mr. Benjamin Garfink*, mc & td ’14 Mr. Ernest N. Hall*, bc ’40 Mr. Stewart B. Hanna*, mp ’64 Mr. Clyde S. Hanscom*, ac ’54 Mr. James R. Hickey*, bc ’62

21

Mr. Alan H. Molin*, eee ’62 Mr. Carlton Moore* Professor Francis E. Nestor* Mr. G. Kendall Nylin*, ame ’55 Dr. Marijana Pantić* Mr. Sean Kenneth Paradis*, bsa ’13*, marc ’14 Mr. Michael R. Piccarini*, aet ’97*, aec ’98 Mr. Danwin M. Purdy*, med ’61 Mr. Richard J. Shaw*, pm & md ’42 Mr. Henry L. Wright*, mep ’61 Mr. William J. York, Jr.*, pet ’62

gifts in kind Anonymous Crispy Dough Dermot’s llc Lillys Gourmet Pasta Van Stry Design

Mr. Richard M. Kuchinsky*, aet ’62 * deceased

^ estate gift

+ matching gift

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w ent wor th president ’s rep or t fisc a l y e a r 20 15

wentworth institute of technology corporation trustees Chairman Michael T. Anthony ’82, ’84 Executive Vice President Cambridge Semantics, Inc. Vice Chairman Michael Masterson Chairman and CEO ALD NanoSolutions, Inc. Treasurer Kenneth D. Roberts Past Chairman Candela Corporation Secretary Christine Keville President and CEO Keville Enterprises, Inc. President Zorica Pantić, ee, ph.d.

President Wentworth Institute of Technology

Daniel T. Flatley Trustee The Flatley Foundation

Robert C. Murray President BOND, Inc.

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

Keith J. Peden, Hon. ’09 Past Senior Vice President, Human Resources and Security Raytheon Company

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

John (“Jack”) Pini Executive Director, Principal Gifts Bentley University

Kenneth Isaacs Past President Graycor Gregory B. Janey ’04 Principal Owner Janey Construction Management and Consulting, Inc.

Donald E. Pogorzelski, Hon. ’06 Past President Genzyme Diagnostics 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 C. 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.

Wayne C. Johnson Director of Innovation Partnerships Mass Insight

Robert W. Boyden ’52 , ’58, Hon. ’98 Past President and Treasurer Boyden Molding, Inc.

George A. Abe Past President, CEO, and Board Member Emerald BioSystems

Douglas J. Karam ’79, ’83 President KVAssociates, Inc.

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

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

Gerald M. Campbell ’57 Past Vice President and General Manager GTE Telecom International

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

Rosemarie A. Conti Director of Interiors Lee Kennedy Co., Inc.

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

Adam Palmer ’09 President Wentworth Alumni Association Project Manager J. M . Electrical Co., 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. John (“Jack”) R. Ghublikian, Jr. Retired Adjunct Faculty Wentworth Institute of Technology 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 Phillip R. Hooper ’58, Hon. ’10 Past Vice President and Operations Manager FM Global

corp or ation list

Gary C. Johnson, aia, ’72 Principal Cambridge Seven Associates, Inc.

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

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

Howard V. Levine, aia, ’72, ’74, Hon. ’06 Principal Cramer Levine & Company Architects, P.C.

James Joyce ’79 CEO OfficeWorks Sharon Jozokos, leed ap, ’92, ’93 Project Executive Suffolk Construction Company Michael Kearns ’87, ’89 Vice President of Construction Advanced Realty Management John D. Kelleher ’61 Past Senior Vice President of Real Estate and Development Shaw’s Supermarkets, Inc.

Kathleen C. MacNeil ’83 Principal MDA Partners llc Stefania Nappi Mallett CEO ezCater, Inc. Michael Maltzan, faia, Hon. ’10 Founder and Principal Michael Maltzan Architecture, Inc. Irene F. McSweeney ’83, ’85, ’88 Director of Construction Boston Water and Sewer Commission

Deborah W. Keller ’93 Principal Engineer / Project Manager McKenzie Engineering Group, Inc.

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

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

Gary J. Miller ’77 Executive Vice President and COO NELCO Worldwide

Lawrence LaFreniere President Electric Supply Center

Clarke Casey Nickerson ’72, ’74 Past President Spinnaker Contract Manufacturing, Inc.

Daniel P. Lanneville, leed ap, ’95, ’97 Senior Project Manager Skanska USA Building Inc.

Michael J. O’Dowd ’87, ’89 Bridge Project Development Engineer and Supervising Project Manager for Major Projects Massachusetts Department of Transportation

Daniel G. Larson ’60 Past Chairman and President Larson Tool and Stamping Company

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 Sylvia T. Price ’89 Director, Sales Programs, Americas Pitney Bowes Software, Inc. Ronald P. Ritucci, d.m.d.

Retired Orthodontist Richard D. Sheridan, Sr. ’55 Past President Gateway Equipment Corporation David J. Simm ’59 Past President and CEO Doncasters, plc

trustee emeriti (as of june 30, 2015) 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

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

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

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

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

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

Eric M. Levi, Hon. ’96 Past Vice President and Manager of Operations Raytheon

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

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 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

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w ent wor th president ’s rep or t fisc a l y e a r 20 15

summary of financial results Revenues

2015

2014

2013

2012

2011

2010

2009

2008

Student tuition and fees

123,261,771

109,002,831

100,902,407

90,465,695

82,857,398

80,260,109

74,145,362

68,695,561

Auxiliary enterprises revenue

31,469,870

25,758,412

25,462,578

23,671,905

22,881,568

21,790,322

21,230,959

19,985,059

Gifts and bequests

1,233,536

1,228,645

1,083,455

1,115,399

834,687

693,944

550,252

769,984

Other income (loss)

1,125,491

1,278,879

1,396,425

1,664,300

2,296,495

1,912,310

(506,698)

1,733,310

4,106,793

3,888,420

3,625,553

3,199,889

3,375,260

3,746,400

4,350,280

4,056,176

161,197,461

141,157,187

132,470,418

120,117,188

112,245,408

108,403,085

99,770,155

95,240,090

Education and general

101,366,293

94,353,534

90,486,525

84,196,353

81,662,241

80,043,390

78,066,275

76,408,652

Auxiliary expenditures

5,425,733

4,759,303

5,084,141

3,838,815

3,469,075

3,604,936

3,536,085

3,466,365

Student aid

44,433,301

36,151,646

31,690,100

27,576,400

21,233,321

18,454,289

16,465,597

13,956,059

total operating expenses

151,225,327

135,264,483

127,260,766

115,611,568

106,364,637

102,102,615

98,067,957

93,831,076

9,972,134

5,892,704

5,209,652

4,505,620

5,880,771

6,300,470

1,702,198

1,409,014

9,251,411

1,214,492

3,162,480

1,040,961

1,009,830

820,216

654,938

4,225,099

(5,477,016)

7,900,249

11,874,351

(11,513,907)

14,124,477

(1,862,364)

(29,937,929)

(13,816,022)

3,774,395

9,114,741

15,036,831

(10,472,946)

15,134,307

(1,042,148)

(29,282,991)

(9,590,923)

Beginning of year

175,540,387

160,532,942

140,286,459

146,253,785

125,238,707

119,980,385

147,561,178

155,743,087

End of year

189,286,916

175,540,387

160,532,942

140,286,459

146,253,785

125,238,707

119,980,385

147,561,178

89,739,718

91,461,836

81,890,151

74,417,358

77,477,975

66,796,355

66,779,877

91,070,763

Investment income used for operations total operating revenues

Expenses

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

Net Assets

endowment

president

Zorica Pantić, ee, ph.d. senior vice president for academic affairs and provost

Richard Hansen, ph.d. vice president for business

David Wahlstrom, aet ’80 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 Design: Stoltze Design Writing: Libretto Photography: Webb Chappell, Kathleen Dooher, Heratch Ekmekjian, Tony Rinaldo

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