ThePRESIDENT’S power REPORT !"#$ of place The power ofplace a higher rate. we are admitting are choosing the Uat during the same period—meaning those by 5percentage points to 21percent nearly 40,000. Ouryieldhas increased percent over the past four years to our history. Applications are up16 competitive, selective, and diverse in The incoming class is one ofthe most professionals is strong. community ofscholars, educators, and our sta! retention has beensteady. Our percent and reflect adiverse pool,while job applicants have increased by 68 interim dean. Over the past three years College ofEngineering who serves as Communication, and Daniel Berg at the Karin Wilkins at the School of Anthony Varona at the School ofLaw, We welcomed three new deans: STUDENTS: TALENT: country. the in 9 No. ranked was program, Throat and Nose, Ear, our and time, 18th the for nation the in hospital eye 1 No. the ranked was Institute Eye Palmer Bascom The nation. the across 71 only of one and Florida, in center cancer NCI-designated second the is It designation. Institute Cancer National received Center Cancer Comprehensive Sylvester The 94-year history. fundraising years inthe University’s 62 percent, making this one ofthe best and endowment giving increased by $139 millionover the previous year, We raised $321.8 million—more than HEALTH SYSTEM: SYSTEM: HEALTH PHILANTHROPY:

Canada to Argentina. grown to 14ofthe top universities from Hemispheric University Consortium has which we opened inMexico City. Our America and the Caribbean, the firstof covering di! erent regions inLatin We are onour way to creating five hubs financial performance inits history. past two years, UHealth has had the best results over afive year period.Over the with 142percent growth inoperating the strongest inmore than adecade, margins for the past two years, which is overall, resulting in+2percent operating We improved financial performance HEMISPHERE: HEMISPHERE: FINANCES: Message from the president years ago, I knew there was a Miami Hurricanes call home. unique power of place to this change the world. From the moment I arrived here four even a feeling. When I look through the lens of ‘place,’ at the University of Miami I am struck by our unique position to influence and enduring institution we Place can bedefined in erent ways— %erent di many a location, a position,

President Julio Frenk We Are One U. this journey. community as we travel together on contributions ofevery member ofour I amprofoundly grateful for the our legacy. This is uniquely Miami, and this willbe responsibility to the world we share. nurtures asense ofbelonging and a facing our world—all inanenvironment that intellectual resources to address real challenges Every day, we leverage our geographic, cultural, and this as one University and as one team. and expanded the reach of our academic and health enterprises.This We past didyear, we achieved historic milestones, attracted new talent, move forward to become abetter and stronger University. who strive for excellence withunmatched determination, propel usto evolve and to afixed location, our people, who embody aspirit ofresilience and renewal, and opportunities for building bridgesand advancing knowledge. And while place refers understanding, and innovation across the Americas and the world, provides endless Our strategic location, inacity that sits at the pointofconvergence for creativity,

1 University of Miami 2019 President’s Report

2019 President’s Report 2019 President’s Confronting the University of Miami University 2 complex issue of climate change

The University of Miami is equipped to confront climate change in ways that few other institutions can. Our wealth of interdisciplinary expertise brings together world-class scientists with engineers, urban planners, health professionals, architects, artists, and communicators to identify creative and innovative solutions.

The softball-sized chunk Baker and fellow scientists of grooved brain coral that fits easily from the Rosenstiel School of Marine into the palm of marine biologist and and Atmospheric Science and other coral expert Andrew Baker bears an agencies, have collected hundreds of uncanny resemblance to the complex corals from outside the disease zone University scientists are working to organ that is the locus of the human mind. and brought them to the University save Florida’s precious coral colonies As a healthy member of a species hatchery, where they are tended to from extinction. Coral reefs around preserve their genetic diversity for the Caribbean are quickly disappear- being ravaged by a mysterious disease, ing as a result of climate change, the brain coral specimen in Baker’s future transplantation and potential diseases, overfishing, and poor water hand also occupies a special place in breeding. quality. Healthy reefs shape coast- the minds of several marine “Direct removal of corals from reefs lines and provide the first line of scientists—as a harbinger of hope. is usually the last thing that any defense against weather hazards conservation management agency such as hurricanes. Coral reefs can Chiseled from a reef in the Marquesas reduce wave energy by up to 97 Keys west of Key West, the coral is wants to do,” says Baker, an associate percent, thereby protecting low-lying among 340 specimens that are thriving professor at the Rosenstiel School and coastlines from erosion and flood- in three 20-foot-long outdoor tanks at the leader of the University’s participation ing, and by trapping sediments University of Miami’s Experimental in the Florida Reef Tract Rescue Project. and limiting the need for But today’s ambitious rescue e!ort is costly beach renourish- Hatchery on Virginia Key. All are part of Andrew C. Baker, an associate professor in the Department of ment projects. an ambitious rescue mission to save the focused on collecting up to 3,000 Marine Biology and Ecology in the University of Miami Rosenstiel Florida Reef Tract, the only barrier reef colonies of 15 di!erent species and School of Marine and Atmospheric Science, is a renowned expert nurturing them at land-based coral on the study of the ecology and conservation of coral reefs, with in the continental United States, from particular attention to the impact of climate change on these fragile a devastating malady known as stony facilities around the country. environments. Rebuilding healthy and physically complex coral coral tissue loss disease. “The ultimate goal,” Baker says, reefs has been shown to be a cost-e!cient, natural way to enhance Coral reefs protect coastlines from “is to restore the corals or bring their fisheries habitat, promote recreational diving, and bu"er the threats of coastal hazards. Coral reef restoration as a natural damaging erosion and provide habitats o!spring back to the reefs.” restoration solution is considered to be two to five times and shelter for many marine organisms. cheaper than using artificial structures. First observed in 2014 o! Virginia Key, stony coral tissue loss disease has a!ected Map Data ©2019 Google up to 23 di!erent species of coral along the Florida Reef. It has spread past Key West toward the Marquesas and Dry Tortugas and crept as far north as Martin County, around 88 miles north of Miami in Jupiter, Florida.

2019 President’s Report 2019 President’s

University of Miami University Sylvester, the new ‘crown jewel’ 4 helping to fight the war on cancer

The University of Miami is The Sylvester Comprehensive Robert Croyle, director of the NCI’s Division of Cancer Control leading the transformation Cancer Center at UHealth—the University of Miami Health System—earned the and Population Sciences, called of health care in the 21st century. prestigious cancer center designation NCI-designated centers the “crown jewels from the National Cancer Institute. in the nation’s war on cancer.” He said The monumental achievement of Sylvester is engaging local communities Dr. Stephen D. Nimer and his team at and serving populations in need. Sylvester recognizes the cancer center’s Two programs stand out: Sylvester’s clinical care, research, and outreach to Firefighter Cancer Initiative, which is medically underserved communities with studying ways to reduce cancer risk innovative cancer prevention strategies. among Florida’s firefighters, and the “We have worked tirelessly to Game Changer outreach vehicle, which become one of the nation’s great cancer is bringing cancer screenings and centers,” Nimer said in announcing health information to underserved the transformative distinction with South Florida communities. President Frenk. “Now, we have “We believe strongly that the confirmation from the NCI that we demographics of South Florida reflect are one of the great cancer centers what the composition of the larger in the United States.” United States will likely look like in 2050, Only the second NCI-designated and that we’re uniquely positioned to ask cancer center in Florida, and one of those research questions today that other only 71 across the nation, Sylvester cancer centers will be contending with in gives patients access to cutting-edge the future,” said Erin Kobetz, associate information like genomic testing and director for Population Science and to more novel, potentially lifesaving Cancer Disparity. clinical trials—providing hope where once there was none. Hilarie Bass, chair of the University of Miami Board of Trustees, speaks at the July 29 press conference where the Sylvester Dr. Julio Frenk, president of the University of Miami (right), Comprehensive Cancer Center Florida Senator Gayle Harrell (center), and Dr. Henri joined a highly select group as one Ford, dean of the Miller School of Medicine, at the of only two NCI-designated press conference on July 29, 2019. Part of the cancer centers in the state National Institutes of Health, the National of Florida, and one of just Cancer Institute is the federal government’s 71 across the nation. Sylvester’s principal agency for cancer research and renowned work ensures that training. The NCI Cancer Centers Program patients in South Florida leads, conducts, and supports cancer research are able to receive the most across the nation through a network of elite advanced cancer care without cancer centers. traveling outside the region.

People are bombarded by countless distractions. One’s internal focus can be derailed 2019 President’s Report 2019 President’s

by competing thoughts and worries, as well as external intrusions, constantly diverting our thoughts. For the average person, losing focus may be problematic, but the consequences of these diversions can be extremely dire for elite military service members deployed to a conflict zone. A University of Miami study finds that mindfulness training can improve cognitive performance in U.S. Special Operations Forces. Mindfulness training involves teaching

people skills to focus their attention, with keen of Miami University awareness to their moment-to-moment 7 experience, without emotional reactivity. As this capacity is developed, a Mindful soldiers person becomes more skilled at remaining steady amid moments that might The University of Miami is otherwise trigger an pursuing integrated interdisciplinary emotional over- research that translates into actionable solutions. reaction, and compromise their focus. For elite military service Mindfulness training, said Lt. Gen. “Here, in a population already known members deployed to a conflict zone, Eric Shoomaker, 42nd Army surgeon for their peak cognitive ability, we found or for anyone confronting serious general and former commanding that mindfulness training may be able danger, a mind lacking focus could general of the U.S. Army Medical to enhance cognition, even under mean life or death. Command, “may provide the best high-stress circumstances,” Jha said. This is why the U.S. military is prospect for success in demanding The latest study suggests that in providing mindfulness training to work. Mindfulness training is emerging addition to elite military service optimize soldiers’ cognitive as a powerful tool.” members, others, such as first responders performance and well-being. A study published in the journal and people in high-stress situations, University of Miami associate Progress in Brain Research and could benefit from mindfulness training professor Amishi Jha and co-authored by Jha, Rogers, University as a cognitive enhancement tool. lecturer Scott Rogers, founders researchers Anthony P. Zanesco and and codirectors of the Ekaterina Denkova, and Commander UMindfulness Initiative, William MacNulty, an o"cer in the established in 2010, discovered Commissioned Corps of the U.S. Public that members of special Health Service, followed 120 of the most operations forces who elite soldiers in the United States participated in a monthlong military for two months to see mindfulness course could whether mindfulness training improve their attention and could help improve their working memory. These are attention and working mental capacities necessary to tone memory. down emotional reactivity and boost problem-solving skills. “Because these soldiers are required to do the most di"cult and cognitively demanding tasks under extreme conditions, we want them to have the maximum amount of attention and working memory to succeed at those tasks,” said Jha, a neuroscientist in the College of Arts and Sciences Department of Psychology.

2019 President’s Report 2019 President’s

University of Miami University Art for life 9

From Broadway to the big screen to the museum space, artists from the University of Miami are reaching their dreams and creating art for life.

READY FOR BROADWAY KEEPING THEIR STORIES ALIVE Jordan Kiser, along with 14 other The trailer for a documentary exploring seniors who are part of the University’s the relationships between University Theatre Arts Program, traveled to New of Miami students and York City during spring break for the Holocaust survivors won a annual Senior Showcase. This is Telly Award. For 11 years, the Holocaust a major moment in their artistic Survivors Student Internship Program careers because industry leaders paired University of Miami students in Broadway are invited to with Holocaust survivors to create an watch their performances. enriching, unique, and emotional learning experience. The documentary A BRONX TALE provides an answer to a poignant One of the leading actors in question of our generation: Who the new Broadway musical will tell their stories when the last hit “A Bronx Tale,” which is Holocaust survivors are gone? Members of the University of Miami community are creating on a national tour and taking art for life. Whether documenting the shared experiences audiences back to the stoops A SYMBOL OF ASSUMPTIONS between our students and Holocaust survivors, performing a Associate Professor powerful story on Broadway, garnering the courage to of the Bronx in the 1960s, is Billie Grace audition within an earshot of Times Square in New York University of Miami alumnus Lynn challenges assumptions people City, or creating a piece that taps into the emotion of a Joey Barreiro, who went make of black men wearing hoodies. powerful social movement—art that is born in Miami from performing shows at the The art installation is daunting. doesn’t stay here. It lives everywhere. Standing nearly 9 feet tall, a black Jerry Herman Ring Theatre at hooded sweatshirt made of foam towers Map Data ©2019 Google the University to filling seats across the country. over onlookers. “The hooded sweatshirt has become a symbol of racist assumptions about people of color, and now it is being worn by those who wish to challenge those assumptions,” said Lynn. “Creating a huge hoodie is not only a metaphor for the size of the problem, but also for the di"culty of being able to empathize with people of di!erent backgrounds. This work is a part of the large reckoning and healing concerning racial injustice that our country is currently undergoing.”

2019 President’s Report 2019 President’s

University of Miami University The University’s 11 new ‘Magicverse’

The University of Miami is shaping the educational revolution through bold new ideas and transformative partnerships.

Through spatial “The transformative technology computing and a set of of Magic Leap a!ords us a unique magic glasses, students in opportunity for our faculty and students the School of Architecture to participate in defining the future in are blending the physical and virtually any field or discipline,” said virtual worlds for new learning Je!rey Duerk, executive vice president experiences that take them for academic a!airs and provost. out of the classroom to anywhere Students and faculty in the Center for they want to go. Computational Science and the School Instant yoga classes with a virtual of Communication built an immersive instructor. Slicing up a building into and engaging campus tour in the “virtual zones” to provide personalized ether, complete with student work spaces. Examining artwork and tour guides. buildings as they float before their Iris Zhang, a computer eyes—even Swiss-French architect Le engineering student, said Corbusier’s modernist masterpiece, she was impressed with The opportunity to Villa Sayoye, located outside Paris the demonstrations she create new applications in appears at arm’s length. has viewed. The use of mixed reality is coming to mixed reality will only fruition on campus. More than 30 Such is the power and the imagination become more popular in Magic Leap-enabled projects are in that has been unleashed on campus due development and fueled by collaborations to the partnership between the University the future, she believes. across schools and colleges. One example includes a of Miami and Magic Leap, the Broward “We are experiencing project with the University’s Center for Computational County-based company founded by the next generation Science and Magic Leap to produce “The U Experience,” of technology,” an interactive map of the Coral Gables campus. Other projects alumnus Rony Abovitz and the creator Zhang said. are underway, and range from a desktop app to view and of the mixed reality glasses that are analyze a patient’s biomechanical movements, to an app that enabling transformative uses in spatial simulates an airway fire in the operating room. computing—a new world Abovitz has coined the “Magicverse.”

2019 President’s Report 2019 President’s Connecting University of Miami University institutions, 13 individuals, and The University of Miami is providing opportunities for research and education across the hemisphere in ways that no single institution ideas across the can do alone.

The University of Miami opened a regional o"ce in In 2018, the University of Miami Mexico City to facilitate educational exchange, support research established the Hemispheric University hemisphere e!orts, and strengthen collaborations with academic and health Consortium. The consortium, which institutions throughout Mexico and Central America. includes 14 leading institutions from “The U seeks to promote partnerships and two-way Latin America, the Caribbean, Canada, movement of students, researchers, and innovators,” and the United States, will collaborate on President Julio Frenk said in announcing the new the sharing of knowledge and solutions regional o"ce, the first of five o"ces the University to challenges facing not only the plans to open in strategic locations throughout hemisphere but also the world. Latin America and the Caribbean. “Universities have a great role to play Opening a regional o"ce in the Roma as exemplary institutions that model the As the University’s 2025 centennial draws Norte district of Mexico City—the most values we should all aspire to: reason, near, President Julio Frenk is vigorously the search for truth, and respectful pursuing the vision of its founders: to populous city in North America in a create a Pan-American university country with the region’s second dissent and disagreement,” Frenk said. that not only brings the world to the largest economy—establishes a U, but brings the U to the world. footprint that will focus on four Regional o!ces in Mexico and major areas: educational Central America will promote educational exchange, exchange and mobility, research, innovation, and research, technology health care. The University innovation, and health care. will have five hubs, covering “The University is focused di"erent regions in Latin on building connective America and the Caribbe- an. The Hemispheric bridges across the globe, University Consortium has and the regional o"ce in grown to 14 of the top Mexico City is a tremendous universities from Canada first step to enriching the to Argentina. experience of not only our Map Data ©2019 Google own students and faculty but those from across the region,” noted Lourdes Dieck-Assad, vice president for hemispheric and global a!airs.

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University of Miami University 14

Whether it’s succeeding on the field of play, excelling in the classroom, or reaching pentathlon and Estela out to serve our South Florida Perez-Somarriba in women’s community, at the University of Miami tennis. Perez-Somarriba was also named student-athletes succeed at every level of their college experience. This past year, to the ITA Collegiate All-Star Team, the 177 student-athletes made the Atlantic fourth Miami Hurricane to make the Coast Conference academic honor roll, ITA Collegiate All-Star Team under which recognizes individuals who earned head coach Paige Yaroshuk-Tews. a 3.0 GPA or higher, and for the second The Hurricanes baseball program consecutive year, Hurricane student- athletes ranked in the top 10 among all ended the 2019 season ranked in the top Student-athletes at the field, and volleyball—were recognized Division I schools in the NCAA Team 25 of every major poll following its 46th University of Miami succeed not just for perfect single-year scores of 1,000 in Works Helper Community Service postseason appearance in program Competition, participating in 146 events Achieving in competition, but also in the the 2017-18 Academic Progress Report history, wrapping up an impressive first and logging more than 3,600 hours of classroom and in campus life. released by the NCAA. Six of those season under head coach Gino DiMare. community service. In the 2018-19 academic year, 177 programs earned multiyear scores of Former defensive coordinator Manny student-athletes made the Atlantic 1,000 for the four-year period from 2014 Diaz has generated excitement, taking success on and Coast Conference academic honor roll, to 2018. the helm as football head coach going The NCAA also recently awarded the which recognizes individuals who into the 2019 football season. earned a 3.0 GPA or higher. University an NCAA CHOICES Grant And in August, the new national In the most recent Graduation for its ’Canes Connected program. The ACC Network—dedicated to ACC o! the field Success Rate figures released by the three-year grant will help the University sports programming, live games, and NCAA, Miami student-athletes posted a develop a peer education program original content—launched. At the University of Miami, student-athletes succeed GSR of 90 percent. Nine University of focused on alcohol and drug abuse “The ACCN will provide us with a Miami athletics programs—women’s prevention. at every level of their college experience. tremendous platform to help promote and basketball, men’s cross country, men’s Two Hurricanes captured individual showcase our teams, our student-athletes, diving, golf, women’s soccer, men’s NCAA championships—Michelle and our University to a wide audience,” tennis, women’s tennis, men’s track and Athlerley in the women’s indoor Director of Athletics Blake James said.

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University of Miami University 16

A university committed to Miami

Through new partnerships and ongoing initiatives, the University continues to cement itself as a beacon of service for the community. Faculty, students, and sta! engaged with the community at a record level, completing 209,000 hours of service, with an economic impact estimated at more than $5 million.

TEAMING UP FOR TEAM HURRICANES MENTORING STUDENT SUCCESS SHOWS UP TO FIND A CURE LOCAL YOUNGSTERS This past year, the University of ON THE GRIDIRON Miami and Miami Dade College (MDC) The University of Miami and Miami Dade More than 5,000 participants rode, ran, and shared an historic moment when the two College formally executed a 10-year walked 62,136 miles at the Dolphins Cancer University of Miami football players and institutions formally executed an agree- agreement that serves to provide Challenge IX to support research at coaches hosted a series of free youth ment to assist students who wish to guidelines and assist students in the Sylvester Comprehensive Cancer Center. football camps throughout South transfer from MDC to the U. This is one of transferability of coursework from MDC Among the thousands of participants, Florida. At Homestead’s Harris Field many examples of ways in which the Park, more than 160 local children from University impacts the local community. to majors within the College of Arts 965 represented Team Hurricanes— From signature fundraising events like and Sciences at the University an 18 percent increase over 2018. 5 to 12 years old were mentored in the Dolphins Cancer Challenge to of Miami. The agreement technique, persistence, and leadership— ’CANES CLEANUP community clean up days, the University establishes that the all under the tutelage of the Miami strives to provide strength and support to IN THE COMMUNITY University will accept and Hurricanes. the local community. While the University On April 13, ’Canes around the country guarantee merit of Miami is a global University, it calls came together to give back in their STUDENTS EMBRACE South Florida home. It is one of the largest scholarships to MDC communities for the ’Canes Day COMMUNITY SERVICE private employers in Miami-Dade County, students who have of Service. In Miami, faculty and sta! Nearly 400 students participated in with more than 17,000 faculty and sta", received their the National Gandhi Day of Service, and this past year, through myriad service also stepped up to the challenge and Associate of Arts events, the University provided more than hosted the first service day for the largest annual service day aimed 200,000 hours of service to the community. degree from the employees. Through a partnership with at helping organizations across South honors college and who Miami-Dade County, employees and Florida. Students fanned out across Map Data ©2019 Google meet the requirements alumni from around the University 27 locations, cleaning up parks and of transferability of joined the annual Biscayne Bay cleanup beaches, serving meals to veterans, coursework necessary to event called Baynanza, which the helping to restore natural habitats, and complete their four-year degree. University’s o"ce of Government and helping to build homes for the elderly. Community Relations supported as a Bay Champion Sponsor.

2019 President’s Report 2019 President’s

University of Miami University 19 Building the iconic university

Across the University’s campuses, construction crews work diligently to introduce new structures and improve existing ones. From large-scale projects like Lakeside Village and a new student services building to classroom updates introducing the latest technology, the University is creating an integrated ecosystem for learning, living, design, and sustainability.

LAKESIDE VILLAGE STUDENT SERVICES BUILDING Construction crews remain hard A new structure on the Coral Gables at work on Lakeside Village, which campus will transform how students opens next year. The new 550,000-square- access vital campus services. The foot apartment-and-suite-style student three-story, 30,000-square-foot facility housing facility will contain 1,115 beds, will be home to a new “one-stop” center retail space, food services, multipurpose for student-facing service departments, spaces, and other amenities. The the Camner Center for Academic 12-acre Lakeside Village comprises Resources, and the Counseling Center. 25 interconnected buildings and a The University is multitude of outdoor spaces, including Start Date: June 2019 humming with construction a grand courtyard, study spots, Completion Date: August 2020 projects touching all campuses. From recreational spaces, and outdoor new hurricane impact windows and terraces. classroom technology upgrades, to a new integrated on campus living experience and student service hub, Start Date: January 2018 these brick and mortar changes will Expected Completion Date: May 2020 enrich the student experience for many generations to come.

2019 President’s Report 2019 President’s

RICHTER LIBRARY

University of Miami University WINDOW REPLACEMENT 20 As part of an ongoing University-wide a compound built to house the returning e!ort to maintain the University’s veterans of World War II. Building 48 was physical infrastructure, the windows among the structures considered for their on the Otto G. Richter Library’s first, historical significance in 1983 when second, and third floors are being they were transformed into the o"ces, replaced with new hurricane impact studios, and classrooms of today. windows. This update will enhance safety and weather resilience of the Start Date: December 2018 building, increase energy e"ciency, and Completion Date: August 2019 ensure normal building maintenance. Completed in 1962, Richter Library is WHITTEN LEARNING CENTER named after an ardent supporter of the VOLPE BUILDING CLASSROOM RENOVATION University who made construction of WINDOW REPLACEMENT All 12 classrooms in the George E. Whitten the building possible. The windows and doors throughout the Learning Center on the Coral Gables historic Arnold Volpe Music Building campus received a complete overhaul of Start Date: May 2019 were replaced with new hurricane technology. The changes range from new Completion Date: October 2019 impact windows. Part of the Frost podiums, monitors, and computers used School of Music, the building was for presentations to upgrades that make named after Arnold Volpe, a violinist, the space more functional and better able ARCHITECTURE BUILDING composer, and conductor who joined to host and record meetings and seminars. 48 WINDOW REPLACEMENT the University as a faculty member in Among the new technology implemented, The windows and doors throughout the 1926 at the request of Bowman Foster some rooms will now allow users to historic School of Architecture Building 48 Ashe, the University’s first president, connect wirelessly through Apple TV or were replaced with new hurricane impact and Bertha Foster, the first dean of the Crestron systems. These classroom ROSENSTIEL SCHOOL HECHT ATHLETIC INTRAMURAL SCUBA TRAINING POOL CENTER RENOVATION FIELDS UPGRADE windows. Special care was taken to music school. Volpe founded the upgrades will serve the needs of students, A new scuba training pool at the Following the launch of the Carol So!er The intramural fields—located behind preserve the original structure, designed by University’s symphony orchestra and faculty, sta!, and external community Rosenstiel School of Marine and Indoor Practice Facility in 2018, phases the Herbert Wellness Center—are South Florida’s first registered female led its first concert on March 6, 1927. members who use the spaces. Atmospheric Science at Virginia two and three of the Hecht Athletic undergoing a transformative upgrade. architect, Marion Manley, in 1947 as part of Start Date: May 2019 Start Date: May 2019 Key will support the scientific diving Center project included the renovation New irrigation lines and an improved Completion Date: August 2019 Completion Date: July 2019 and scuba training program on the of about 15,000 square feet of o"ce and drainage system will eliminate the marine campus. meeting room spaces. In addition to collection of water and allow for improving the workspaces and meeting uninterrupted use of the fields year- Start Date: October 2018 rooms for coaches, sta!, and graduate round. The project will also replace the Completion: October 2019 assistants, a new entrance and reception current field lights with LED lights, area was created. The weight room cutting the center’s total energy usage received new flooring, enhanced by up to 50 percent. equipment, and branding. Start Date: April 2019 Start Date: January 2019 Completion Date: October 2019 Completion Date: August 2019

AN IDEA THAT’S SAVING LIVES

2019 President’s Report 2019 President’s ACROSS MIAMI!DADE COUNTY

Dr. Hansel Tookes (left), assistant professor of medicine in the Division of Infectious Diseases and a member of Sylvester Comprehensive Cancer Center at the University of Miami Miller School of Medicine, spearheaded a multi-year campaign to save lives through the creation University of Miami University of the Infectious Disease Elimination Act (IDEA). The act, 22 which created the first legal needle exchange program in Florida, provides clean needles and the overdose- reversal drug naloxone to injection drug users. Additionally, the program provides wound care and health screenings, including for HIV, and links participants to care. The journey began in 2011 when On the front lines Tookes, then a second-year medical student, published a study in the journal Drug and Alcohol The United Nations’ goal of ending AIDS around the world by 2030 Dependence showing that the is undeniably ambitious, but within tantalizing reach. Thanks to medications that number of publicly discarded needles on the streets of suppress the once-fatal human immunodeficiency virus and prevent its transmission, Miami was eight times higher than that of San new infections have dropped by nearly 50 percent over the past two decades. Francisco, a city with twice the number of people who inject Yet in 2017, Miami held the Under ideal drugs and with long-established dubious distinction of being No. 1 in the circumstances, every needle exchange person infected with nation for new HIV cases, with a rate programs. Because nearly four times the national average. HIV would be of his work, the IDEA The National Institute of Mental promptly diagnosed Exchange is now Health has placed its faith in behavioral and immediately a center near the medical campus and social scientists at the University of start taking the as well as a mobile Miami to turn the tide, awarding them a antiretroviral therapy service that provides $3.32 million four-year grant to establish that would reduce sterile syringes and a developmental AIDS Research Center their viral load to an supportive services to to promote research aimed at curbing undetectable level. But people who need help. The IDEA Exchange is adhering to a daily drug the epidemic. funded by the MAC AIDS As Steven Safren, principal regimen often isn’t a Fund, the Elton John AIDS investigator on the grant and director priority for people living Foundation, Gilead of the new Center for HIV and Research with HIV who worry about Pharmaceuticals, in Mental Health, or CHARM, notes, their next meal or a place to the Fishman Family Foundation, the sleep or who deal with controlling greater Miami’s HIV/AIDS Comer Family epidemic will not happen without depression or substance abuse. Foundation, and the addressing the mental and minority “When e!ective medication was Health Foundation health disparities that help perpetuate discovered for HIV, the assumption of South Florida. the disease today. was, OK, people are going to get it HIV infection today, said Safren, a and take it, and we’re going to be done,” professor of psychology, “is now largely said Sannisha Dale, CHARM’s scientific a disease of big-city poor and director for community engagement. intertwined with behavioral health “But there was no attention being paid issues, like depression, problematic to the mental and psychosocial factors substance abuse, traumatic stress, that would impact people gaining stigmas, discrimination.” access to treatment.”

2019 President’s Report 2019 President’s

University of Miami University 25 A magnet for talent

This year’s incoming class is one of the most competitive, selective, and diverse in University of Miami history.

First-year admissions data over the past four years reflects a rising trend for the University. This year, applications grew by more than 16 percent to nearly 40,000— a record for the U. Yield is up five percentage points during the same period—meaning those who are admitted are choosing the University of Miami at a higher rate. We continue to attract exceptional students, and ensure that they succeed and graduate on time. A new taskforce is focused on student success. One of the first major initiatives will reimagine the student experience, providing centralized, e"cient, compassionate service to students in the areas of financial aid, student account services, and more. The University also continues to invest in financial aid for students. Starting with the fall 2020 incoming class, the University of Miami is meeting 100 percent of demonstrated financial need for all federal aid-eligible Florida residents.

Map Data ©2019 Google

2019 President’s Report 2019 President’s Thanks to our University of Miami University 26 generous donors

At the University of Miami, we are surrounded by a caring community of alumni, donors, students, faculty, sta!, parents, grateful patients, volunteers, and friends who have built

and nourished a vibrant culture of philanthropy across our campuses. This year, the trans- Thanks to the generosity of our donors, the University experienced one of the best fundraising years in its history. From top: formative power of generosity abounds as we raised $321,842,615—$139 million more than Robert Milo and wife, Amelia Lamparksi, Charles Castleman, the previous year—and endowment giving increased by 62 percent, President Julio Frenk and Phillip and Patricia Frost, The Arthur H. Hertz Endowed Chair in Liver Diseases making 2018-19 one of the best fundraising years in the University’s history. Cynthia Levy, Dr. Eugene Schi", Dr. Henri Ford, Dr. Edward Abraham, and Arthur H. Hertz.

Most importantly, that generosity GALVANIZING ’CANES AMPLIFY PHILANTHROPY ACROSS THE GLOBE THROUGH PARTNERSHIP translated into support for key institutional April 8 marked the anniversary of By combining their generosity, initiatives, scholarships for aspiring the University’s incorporation in 1925, the Arthur H. Hertz Estate and students, endowed chairs for our faculty, providing the perfect occasion to Trust, the Mitchell Wolfson Sr. and groundbreaking research into recognize our accomplishments and Foundation, and the Gabelli innovative cures and discoveries. look to the future. At an average gift Foundation established the of $240, more than 2,400 ’Canes from Arthur H. Hertz Endowed Chair Through the generosity of our donors, the U.S. to Singapore came together in Liver Diseases in memory of we were able to: to mark our first-ever Giving Day the former University of Miami ASSURE THE FUTURE FOR to support the University’s mission trustee and lifelong supporter. CUTTING!EDGE MEDICAL CARE to transform lives through education, The $2.5 million gift will help Dr. Phillip and Patricia Frost launched research, innovation, and service. shape the future of medicine for a new era for the Dr. Phillip Frost years to come, supporting key Department of Dermatology and LEAVE A LEGACY OF GRATITUDE research and the innovative work Cutaneous Surgery. Thanks to the For Robert Milo and Amelia Lamparski, of the inaugural chairholder, Frosts’ $10 million endowment the U changed their lives forever. Dr. Cynthia Levy. commitment, the department—known In gratitude for the place that brought for its innovation, discovery, and clinical GRANT AN ENDURING GIFT them together as undergraduates, care—will continue to advance FOR THE GRIDIRON the couple committed $1 million to treatments and cures in dermatology. Long-time sports enthusiast, establish the Robert Milo and Amelia philanthropist, and University of Miami STRIKE THE CHORD OF THE Lamparski Milo Endowed Scholarship. alumnus Jonathan Leyva has been PHILANTHROPIC SPIRIT Benefiting juniors and seniors majoring dedicated to seeing the University From the stage at Frost Music Live at in accounting and marketing, the thrive since he was an undergraduate. Gusman Hall—accompanied by the scholarship will stand as a legacy of This year Leyva looked to the future, Frost School’s Henry Mancini Institute the enduring love that can blossom providing the University with a planned Orchestra—esteemed professor and on our campuses. insurance gift to support athletics and renowned violinist Charles Castleman inspire generations to come, continuing presented the University with a 1748 the U’s commitment to excellence both Joannes Baptista Guadagnini violin. on and o! the field. Valued at $1 million, the violin features scrollwork by Francesco Stradivari—son of the celebrated luthier Antonio Stradivari.

TOTAL OPERATING REVENUES

2019 President’s Report 2019 President’s Report on Business and Finance (in millions)

2019 $3,574 Jacqueline A. Travisano Executive Vice President for Business and Finance and

University of Miami University Chief Operating O!cer 2018 $3,266 28 Fiscal Year 2019 increase in Total Net Assets The University of Miami experienced 2017 $2,962 reinforces the University’s profound commitment a second consecutive year of solid financial performance in fiscal year 2019 to continuous operational improvement and generating the largest operating surplus in 2016 $2,850 more than a decade. This was driven by positive financial sustainability. results for both the academic and clinical missions, and also a significant year in philanthropic support. These results increase 2015 $2,709 The University’s net assets grew by $184.5 million, or 8.4 percent, in fiscal year 2019, thanks to the strength of the University’s financial platform, and further enables progress toward the goals outlined in the Roadmap to our New Century. another strong year of operating performance and the generosity of our donors. The fiscal year result signals a second straight year of financial performance exceeding a 2 percent Net assets increased by $184.5 million, or 8.4 percent, to a record high TOTAL ASSETS , contributing to the University’s overall financial position of $2.4 billion. of $2.4 billion, primarily from operating performance and philanthropic (in millions) operating margin support. This growth in net assets contributed to a three-year average of 11.1 percent. The increase in net assets experienced in fiscal year 2019 2019 $4,643 occurred despite flat investment returns for the University’s Endowment Growth Pool, a result of market conditions. 2018 $4,396 Hospitals and Clinics Operating revenue growth of $308.2 million, or 9.4 percent, to $3.6 billion $1,580.0 (44.2%) outpaced the year-over-year growth of operating expenses, resulting in an operating surplus of $75.5 million, or 2.1 percent operating margin. 2017 $4,000 Tuition and Fees, net $560.4 (15.7%) Tuition revenue, net of scholarship and fellowship costs, increased by $25.6 million, or 4.8 percent through increased undergraduate enrollment 2016 $3,806 and a modest tuition increase, o!set by the University’s commitment to Other Sources $76.2 (2.1%) providing financial assistance to its students. 2015 $3,614 Net patient service revenues increased by a robust $244.1 million, or Auxiliary Enterprise, net 13.1 percent, due to growth in multiple programs including chemotherapy $157.1 (4.4%) OPERATING REVENUES visits, diagnostic imaging, and outpatient surgeries. The improvement in $3,248.9 (in millions) revenue was also contributed to by an increase in cancer center supple- TOTAL LIABILITIES Endowment Distribution/ mental funding from the Florida Cancer Hospital Program. (in millions) Investment Income $61.6 (1.7%) Grants and contracts revenue was stable compared to the previous year, 2019 $2,252 increasing slightly by $7.4 million, or 1.4 percent, to a total of $526.6 million. Gifts and Trusts Research expenditures climbed to $359 million in fiscal 2019, or a $86.9 (2.4%) 3.8 percent increase. Federal awards represent about 66 percent of total 2018 $2,189 research expenditures. Grants and Contracts $526.6 (14.7%) Auxiliary enterprise revenue, which is derived from athletics, housing, and 2017 $1,997 dining activities increased by $17.5 million, or 12.5 percent. The majority Medical Professional Practice of the increase came from athletics and was due to renegotiated sponsor- $525.6 (14.7%) ship agreements. 2016 $2,064

Operating expenses increased by $307.4 million or 9.6 percent from 2018, with compensation and benefits, and supplies and services representing 2015 $1,803 82 percent of the increase.

2019 President’s Report 2019 President’s Report on Business and Finance Report on the Endowment

NET ASSETS ENDOWMENT FUNDS (in millions) (in millions) The objective of the University of Miami Endowment University of Miami University 30 2019 $2,392 2019 $997 Growth Pool is to ensure current and future spending requirements are supported while preserving 2018 $2,207 2018 $1,022 purchasing power through asset growth.

2017 $2,003 2017 $949 While fiscal year 2019 returns were lower than the previous two HISTORICAL GP PERFORMANCE vs. BENCHMARKS years on an absolute return basis, the administration is confident Benchmarks that current portfolio themes and initiatives will support the Actual1 Total Portfolio 60/40 2016 $1,741 2016 $845 long-term benefit of the Growth Pool and University as a whole. 2015 3.42% 5.00% 4.36% 2016 -4.40% -2.71% -1.87% Fiscal year 2019 represented continued e!orts to optimize 2017 13.52% 13.75% 10.93% 2015 $1,811 2015 $887 the Growth Pool in the context of its strategic objectives. 2018 9.40% 9.65% 6.89% Highlights include: 2019 0.04% -0.07% 2.04% 1 Net of Fees 2014 $1,734 2014 $865 The Growth Pool generated one-year investment returns of 0.04 percent, compared to the Total Portfolio Benchmark return of -0.07 percent. Due to current market conditions, which are POLICY PORTFOLIO TARGET AND RANGES 2013 $1,553 2013 $778 being influenced by a number of factors including uncertain Range Target May 31, 2019 trade relations, slowing economic growth and wavering Federal Reserve policies, we have chosen to adopt a long-term invest- Public Equity 50-70% 60% 63% ment horizon and lean heavily on liquid investments such as Absolute Return 5-20% 13% 16% Compensation and benefits, comprising The defined-benefit pension plan, which has transform the residential experience and stocks to generate sustainable net of fees and inflation-hedging Private Equity 5-10% 8% 4% 57 percent of total operating expenses, been frozen to new participants since June continued construction of a new proton returns. While this approach still bears risks, as evidenced by Real Assets 0-15% 4% 2% increased $129.6 million, or 6.9 percent, 2007, was negatively impacted by a reduction therapy center at the medical campus. the market downturns in October and December of 2018 and Fixed Income 5-15% 13% 14% due to planned personnel and compensa- in the discount rate for benefit obligations, May of 2019, we believe this is the wisest approach at this time Cash 0-5% 2% 1% tion growth and benefit costs. investment returns, and actuarial losses. Total liabilities increased by $62.9 million or as it provides us with the most flexibility at a modest expense At year-end, plan assets were $778.2 million, 2.9 percent. Accounts payable and accrued ratio. At the same time, commitments to private investments Supplies and services, comprising of and the plan’s unfunded liability was $139.1 expenses increased $37 million mainly continue to be slowly and deliberately added where there is 26 percent of total operating expenses, grew million, an increase of $40.7 million. The due to timing of payments and an increased su"cient compensation for any illiquidity component. ENDOWMENT GROWTH AT MARKET &IN MILLIONS' $122.7 million, or 15.4 percent. This expense plan’s overall funded status at the end of expense base. Accrued pension and One Five Ten Fifteen Year Years Years Years growth was predominantly correlated to the fiscal 2019 was 85 percent. post-retirement benefit costs accounted for Under the guidance of the Board of Trustees, initiatives of Beginning Balance $ 1,021.5 $ 865.4 $ 538.6 $ 474.6 increase in net patient service revenue. the remaining portion of the increase. fiscal year 2019 included reweighing the balance between Return, Including For the fiscal year, total gifts and trusts for active and passive risk. The University continues to allocate Unrealized Appreciation Utilities and interest expense increased by $5 operating, non-operating, and restricted We continue to be optimistic and enthusi- toward index-like “passive” investments where markets are (Depreciation) (2.9) 180.9 557.9 581.7 and $5.1 million, respectively. These increases uses totaled $268.8 million, an increase astic about the future of the University of most e"cient and invest in active managers where the Distributions to Operations, etc.1 (41.5) (207.5) (368.8) (510.1) were expected based on new construction of $129.6 million largely due to an anony- Miami, from crossing the threshold of opportunity is substantial and repeatable. and maintenance of existing facilities. mous estate gift. $1 billion in unrestricted net assets, to the Gifts and Other Net continued philanthropic support for our The investments team also reviewed factors such as size (e.g. Additions 20.3 158.6 269.7 451.2 Other expenses increased by $42.3 million, The University’s total assets increased $247.4 beloved U, and our continued focus on Large Cap vs. Small Cap), style (e.g. Growth vs. Value), and Net Increase (Decrease) (24.1) 132.0 458.8 522.8 or 18.2 percent, contributed by increases million or 5.6 percent over that of the prior administrative excellence and financial underlying geographic exposure to ensure a lack of meaningful Ending Balance $ 997.4 $ 997.4 $ 997.4 $ 997.4 sustainability. We are truly thriving and 1 in legal costs, advertising, and insurance. year. Accounts and loans receivable, net, deviation from the benchmark. This allows outperformance to For most endowments, this is pursuant to the University’s Endowment Spending Policy. strong on the Roadmap to our New Century. increased by $70.3 million largely due to the be more isolated to the e!orts of the portfolio’s active managers, The change in unrestricted net assets from increase in patient care revenue. Investments whom the University believes are truly best in class. non-operating activities was ($15.7) million, increased by $134.4 million primarily due to Jacqueline A. Travisano a $25.3 million decrease from prior year. This the generous gifts by our donors. Property We feel confident that with these strategies in place, the Executive Vice President for Growth Pool is positioned to mitigate market fluctuations decrease was due to post-retirement related and equipment increased by $132 million Business and Finance and Charmel Maynard changes other than net periodic benefit costs. as we invested in our student housing to Chief Operating O!cer with a focus on long-term performance. Associate Vice President and University Treasurer

2019 President’s Report 2019 President’s University of Miami Board of Trustees

Hilarie Bass Tracey P. Berkowitz 1 Aaron S. Podhurst Roberta L. Jacoby Marta S. Weeks Wulf Jacqueline R. Menendez Chair Senior Partner President Vice President for Marc A. Buoniconti Frances L. Wolfson Podhurst Orseck, P.A. Citizens Board University Communications David L. Epstein President President Managing Director Vice Chair The Miami Project Lois Pope Owner and Director Keith Murphy

University of Miami University Royal Caribbean to Cure Paralysis President Marine Corporation Vice President for William L. Morrison Cruises Ltd. Leaders in Furthering Supply Chain Management 32 Vice Chair Alfred R. Camner Thomas D. Wood, Sr. Education, Inc. 2 UHealth Senior Advisor Ana VeigaMilton Chairman President-Elect SENIOR TRUSTEES Camner Professional Alex. E. Rodriguez Thomas D. Wood Aileen M. Ugalde Citizens Board 3 Group, P.A. A-Rod Corporation and Company Vice President and Betty G. Amos President 1, 2 2 General Counsel Jose P. Bared Wayne E. Chaplin Steven J. Saiontz José Milton Foundation CORPORATE OFFICERS Chief Executive O!cer Managing Member Patricia A. Whitely Investor Eric Todd Levin 1, 2 Southern Glazer’s Capstrat Group LLC Julio Frenk Vice President Fred Berens 3 Immediate Past President President for Student A"airs Wine & Spirits 2 Managing Director Robert E. Sanchez Citizens Board Je%rey L. Duerk – Investments Adriana Cisneros Chairman and Chief President Leslie Dellinger Executive Vice President Aceituno Wells Fargo Advisors, LLC Chief Executive O!cer Executive O!cer SeamLev Investments Cisneros Ryder System, Inc. for Academic A"airs Secretary to the Charles E. Cobb EMERITI MEMBERS and Provost Board of Trustees Senior Managing Leah Colucci Marvin R. Shanken Michael I. Abrams Jacqueline A. Travisano Charmel Maynard Director and CEO 3 Chairman and Owner Paul J. DiMare M. Shanken Ballard Partners Executive Vice President Associate Vice President Cobb Partners, Limited President for Business and and University Treasurer Communications, Inc. Adrienne Arsht Edward A. Dauer DiMare Homestead, Inc. Finance and Chief 1 3 DEANS President 1 Laurie S. Silvers M. Anthony Burns Operating O!cer David L. Epstein President Florida Medical Managing Partner Chairman Emeritus Rodolphe el-Khoury Hollywood Media Corp. Edward Abraham Services, Inc. JadeSuites and Ryder System, Inc Executive Vice President School of Architecture George Feldenkreis Chief Executive O!cer H. T. Smith, Jr. Paul L. Cejas for Health A"airs and CEO Leonidas Bachas Chairman Infinite Access H. T. Smith, P.A. Chairman and UHealth College of Arts Perry Ellis International Richard D. Fain 1, 2 Jacquelyn R. So%er 1, 2 Chief Executive O!cer Joshua M. Friedman and Sciences PLC Investments, Inc. Phillip Frost Chairman and Co-Chairman and Senior Vice President John Quelch Chairman and Chief Executive O!cer Chief Executive O!cer Laura G. Coulter-Jones for Development and Miami Business School Chief Executive O!cer Royal Caribbean Turnberry Associates Alumni Relations Carlos M. de la Cruz, Sr. Karin G. Wilkins OPKO Health Inc. Cruises Ltd. 1 E. Roe Stamps, IV Chairman of the Board Rudy Fernandez School of Communication Phillip T. George Miguel B. Fernandez Founding Managing Partner and Chief Executive O!cer Senior Vice President Chairman Summit Partners CC1 Companies, LLC for Public A"airs Laura Kohn-Wood The power of place School of Education Rose Ellen Greene MBF Healthcare Partners 1, 3 and Communications Johnny C. Taylor, Jr. Edward W. Easton and Human Development 1 and Chief of Sta" Arva Moore Parks Barbara Hecht Havenick President and Chairman and Chief to the President Daniel Berg (Interim) President President and CEO Chief Executive O!cer Executive O!cer Leveraging our geographic, cultural, and intellectual resources to change the world. College of Engineering Arva Parks & Company Flagler Greyhound Track Society for Human The Easton Group Mary Beth Briscoe Jorge M. Pérez and Magic City Casino Resource Management Vice President and Anthony E. Varona General Partner Gloria M. Estefan Founder, Chairman and 2 Chief Financial O!cer School of Law Hecht Properties, Ltd. Ana VeigaMilton Estefan Enterprises, Inc. UHealth Chief Executive O!cer President Henri R. Ford The Related Group Allan M. Herbert 1 José Milton Foundation Enrique C. Falla, Sr. Jessica Brumley Miller School of Medicine Owner and President Executive Vice President Vice President for Ronald G. Stone 3 1 Richmond Hotel Corp. Jonathan Vilma (Retired) Facilities Operations Shelton G. Berg President ESPN College Football Dow Chemical Company/ Phillip and Patricia Frost 1, 3 and Planning The Comprehensive Marilyn J. Holifield Commentator Guidant Corporation School of Music Companies Partner and Studio Analyst Sarah Christensen Holland & Knight, LLP Alfonso Fanjul Vice President for Cindy Munro Patricia W. Toppel Geisha Jimenez Chairman and Chief Medical Development School of Nursing General Partner Manuel Kadre 1, 2 Williams Executive O!cer UHealth and Health Studies Toppel Partners Chairman and Fanjul Corp. and Florida Chief Executive O!cer EX OFFICIO MEMBERS Stephen Demers Roni Avissar David R. Weaver 2, 3 Crystals Corporation Rosenstiel School MBB Auto Group 1, 2 Vice President and Managing Partner Julio Frenk Peter T. Fay Chief Operating O!cer of Marine and and Chairman President Marcus Lemonis Senior United States UHealth Atmospheric Science Intercap Energy Chairman and University of Miami Circuit Judge Charles D. Eckman Systems, Inc. Chief Executive O!cer Kourtney Gibson Eleventh Circuit Court Lourdes Dieck-Assad Camping World Vice President Libraries G. Ed Williamson II 2 President of Appeals for Hemispheric Chairman and Jayne Sylvester Alumni Association Guillermo “Willy” Prado President David I. Fuente and Global A"airs Graduate School Chief Executive O!cer Malfitano Managing Partner Williamson Loop Capital Markets Marilu C. Marshall Dash Ventures, LLC Keith Eggert Rebecca MacMillan Fox Automotive Group Senior Vice President Devang Desai Vice President Division of Continuing Thelma V. A. Gibson Executive Management/ President-Elect for Revenue Cycle and International REGULAR TRUSTEES President Emeritus Chief Inclusion Alumni Association UHealth Education Theodore R. Gibson Leonard Abess 2 and Diversity O!cer Attorney Memorial Fund Ernie Fernandez Chairman and Estée Lauder Companies, Inc. Gaebe, Mullen, Antonelli, Vice President Chief Executive O!cer and DiMatteo Bernard J. Kosar, Jr. for Information Stuart A. Miller ThinkLAB Ventures Technology and Chief Executive Chairman Frank R. Jimenez Fredric G. Reynolds Information O!cer Hilarie Bass 1, 2, 3 Lennar Corporation Immediate Past President Eduardo M. Sardiña President Alumni Association Brandon E. Gilliland William L. Morrison 1, 2 Bass Institute for Vice President Frank P. Scruggs Vice President and Former Vice Chairman Diversity and Inclusion General Counsel and Attorney Chief Financial O!cer Northern Trust Corporation Corporate Secretary Berger Singerman Jon Batchelor Mary Harper Hagan Judi Prokop Newman Raytheon Company Executive Vice President Steven Sonberg Vice President for President 1 Member of Executive The Batchelor Foundation Managing Partner Human Resources Robert and Judi Newman Holland & Knight, LLP Committee Family Foundation John G. Haller 2 Member of Finance Gonzalo F. Valdes-Fauli Vice President Committee Chairman of Enrollment 3 Member of Audit and Broadspan Capital Management Compliance Committee