SMU 2015–16 ANNUAL REPORT TABLE OF CONTENTS 4 SMU BOARD OF TRUS TEES 2015–16 5 LETTER FROM THE CHAIR OF THE BOARD OF TRUSTEES 6 SMU ADMINISTRATION 2015–16 7 LETTER FROM THE PRESIDENT 8 SMU CELEBRATES CENTENNIAL ON HOMECOMING WEEKEND 10 CAMPAIGN FINAL YEAR ACHIEVES UNBRIDLED SUCCESS 16 WORLD-CHANGING STUDENTS 24 WORLD-CHANGING FACULTY AND ACADEMICS 32 WORLD-CHANGING CAMPUS 40 FINANCIAL REPORT Consolidated Financial Statements Expenditures Toward Strategic Goals Endowment Report Giving 48 2015–16 HONOR ROLL $100,000+ Gifts and Commitments Endowment Funds Dallas Hall Society President’s Associates Corporations, Foundations and Organizations Hilltop Society 2 AN UNFORGETTABLE YEAR SMU celebrated the centennial of its opening as well as the successful completion of the largest campaign in University history in 2015–16, during a year that will be remembered for as long as SMU exists. As the campus community joined together to mark SMU’s first 100 years of achievement, donors to The Second Century Campaign propelled SMU into the ranks of the nation’s most prestigious institutions of higher education through their generous and, ultimately, record-setting support. The spirit of progress that has marked SMU in recent years continued to permeate life on the Hilltop, as the University took new strides to enhance and strengthen its student quality, faculty and academic excellence and the campus experience. And, as students and faculty attained ever-increasing levels of accomplishment, the University began to look forward to the next chapter of its life as a global resource dedicated to education and the creation of new knowledge. Members of the Centennial Host Committee, alumni, parents, faculty, staff and students take part in a formal processional to McFarlin Auditorium as part of SMU’s centennial commemoration ceremony during Homecoming Weekend in September 2015. SMU 2015–16 ANNUAL REPORT 3 SMU BOARD OF TRUSTEES 2015–16 Michael M. Boone ’63, ’67, Chair Bobby B. Lyle ’67 Robert H. Dedman, Jr. ’80, ’84, Vice Chair Bishop Michael McKee ’78 David B. Miller ’72, ’73, Secretary Scott J. McLean ’78 Ruth Collins Sharp Altshuler ’48 Connie Blass O’Neill ’77 William D. Armstrong ’82 The Reverend Dr. Sheron Covington Patterson ’83, ’89, ’96 Bradley W. Brookshire ’76 Sarah Fullinwider Perot ’83 Laura Welch Bush ’68 Jeanne L. Phillips ’76 Pastor Richie L. Butler ’93 Caren H. Prothro Kelly Hoglund Compton ’79 Carl Sewell ’66 Jeanne Tower Cox ’78 Richard K. Templeton The Reverend Mark Craig Richard Ware ’68 Katherine Raymond Crow ’94 Royce E. (Ed) Wilson, Sr. Gary T. Crum ’69 Antoine L.V. Dijkstra EX OFFICIO Larry R. Faulkner ’66 R. Gerald Turner, SMU President Gerald J. Ford ’66, ’69 Douglas A. Reinelt, President, SMU Faculty Senate Antonio O. Garza, Jr. ’83 Peter A. Lodwick ’77, ’80, Chair, SMU Alumni Board James R. Gibbs ’66, ’70, ’72 Jacob Conway ’16, Student Representative Frederick B. Hegi, Jr. ’66 Clark K. Hunt ’87 TRUSTEES EMERITI Ray L. Hunt ’65 Edwin L. Cox ’42 Gene C. Jones Milledge A. Hart, III Bishop Scott J. Jones ’81, ’92 William L. Hutchison ’54 Fredrick S. Leach ’83 Cary M. Maguire Paul B. Loyd, Jr. ’68 4 LETTER FROM THE CHAIR OF THE BOARD OF TRUSTEES October 2016 This SMU 2015–16 Annual Report is the record of an extraordinary year in the life of the University. In recent months the campus community commemorated the end of The Second Century Celebration, which marked the anniversaries of SMU’s founding and opening, and SMU Unbridled: The Second Century Campaign, the largest fundraising initiative in SMU’s history. President R. Gerald Turner’s announcement that the campaign total had reached $1.15 billion was a proud moment for all of us who care about the future of SMU. All Mustangs should be proud of the leadership of President Turner, whose vision and unflagging efforts were central to the campaign’s achievements. I also want to express my appreciation to the 65,000 generous donors whose gifts have had such a profound impact and enabled SMU to set a record for the largest amount ever raised by a private university in Texas. The Second Century Campaign donors provided 689 new endowed student scholarships; raised the previous number of 62 endowed faculty positions to a new total of 116; and provided for 68 new or significantly enhanced academic programs and initiatives, including endowments for two schools. Twenty-four capital projects also have been substantially funded. While the campaign’s statistics are astonishing, the true story of the campaign’s impact will only be told in the years to come. That impact will reveal itself in the lives of students who benefit from the extraordinary education they receive, the top faculty experts who advance their fields and create new knowledge that drives our economy, and in SMU’s growing influence as a national and international leader in education and research. Thanks are due to all Second Century Campaign volunteers, whose hard work did so much to achieve campaign success. I want also to express my heartfelt gratitude to the other members of the Campaign Leadership Council for their efforts, wisdom and generosity, all of which were of paramount importance in this extraordinary endeavor. Because of the inspiring contributions of Second Century Campaign donors, I strongly believe that SMU’s best days are still to come. I hope that all who played a part in the campaign take pride in the future you have made possible. Michael M. Boone ’63, ’67 Chair, Board of Trustees SMU 2015–16 ANNUAL REPORT 5 SMU ADMINISTRATION 2015–16 R. Gerald Turner David J. Chard President Leon Simmons Dean Annette Caldwell Simmons School of Education Steven C. Currall and Human Development Provost and Vice President for Academic Affairs Marc P. Christensen Pamela D. Anthony Dean and Bobby B. Lyle Professor of Engineering Education Vice President for Student Affairs Bobby B. Lyle School of Engineering Brad E. Cheves Jennifer M. Collins Vice President for Development and External Affairs Judge James Noel Dean and Professor of Law Dedman School of Law Christine C. Regis Vice President for Business and Finance Thomas DiPiero Treasurer and Chief Investment Officerad interim Dean Dedman College of Humanities and Sciences Harold W. Stanley Vice President for Executive Affairs Samuel S. Holland Algur H. Meadows Dean Paul Ward Meadows School of the Arts Vice President for Legal Affairs and Governmental Relations General Counsel and Secretary William B. Lawrence Dean Rick Hart Perkins School of Theology Director of Athletics Gillian M. McCombs Dean and Director Central University Libraries Albert W. Niemi, Jr. Dean and Tolleson Chair in Business Leadership Edwin L. Cox School of Business James E. Quick Dean of Graduate Studies Associate Vice President for Research and Graduate Studies 6 LETTER FROM THE PRESIDENT October 2016 This 2015–16 Annual Report tells the story of the year that served as a capstone to both the celebration of SMU’s centennial and The Second Century Campaign, the first in SMU history to exceed $1 billion. It was a year of major progress, as SMU continued to enhance the quality of our students, faculty and campus – thanks to you and tens of thousands of fellow supporters. As you will see in the pages of this report, the entrepreneurial spirit of the University – one of its distinguishing characteristics – remains strong. Students and faculty in every academic discipline are seeing opportunities to create something new in the world and working hard to bring those ideas to life. The University’s founders had the foresight to understand what a great institution of higher education could mean for an ambitious young city. Stories throughout this report show how SMU’s relationship with Dallas continues to enable students and faculty to take advantage of unique learning, research, social and career opportunities that provide a platform for making global impact. In December 2015, the SMU Board of Trustees endorsed a new strategic plan for the University that charts a course for the next decade, one in which the University will continue to enhance its programs, expand its global impact and rise in prominence. Building on its current strengths, SMU will continue to respond to the evolving needs of constituents within the Metroplex and beyond, to make an impact that transcends borders in our global society. The University’s first president, Robert S. Hyer, said at SMU’s founding, “Universities do not grow old, but live from age to age in immortal youth.” Appropriately, SMU continues to evolve to address the changing needs of our students and our world while remaining true to what has always made the University great. Thank you for all you do to contribute to SMU’s bold future. R. Gerald Turner President SMU 2015–16 ANNUAL REPORT 7 8 SMU CELEBRATES CENTENNIAL ON HOMECOMING WEEKEND SMU marked Homecoming Weekend in September with a historic, high-spirited celebration of the University’s 100th birthday. Highlights included a centennial countdown concert, a commemorative worship service, a special all-campus ceremony and a picnic. Bells pealed Sept. 24 at United Methodist churches across the state in support of SMU's centennial. The annual Homecoming parade featured the SMU Parade of Giants, 10 towering puppets representing key figures in SMU history, along with student-built floats and more than 30 former Homecoming queens and kings. A centennial fireworks extravaganza capped the weekend. The centennial commemoration marked the conclusion of SMU’s Second Century Celebration, a five-year period from 2011 through 2015 commemorating the 100th anniversaries of the University’s founding and opening. The Second Century Celebration was a historic opportunity to highlight SMU’s progress and growing international prominence in leadership, innovation, creativity and service.