Annual Report 2004-05
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Focus. Would that I could summon and banish this phantom visitor at will. For me, focus is never a sure bet. Sometimes it’s . • present when I want it – a welcome visitor when I’m preparing a speech; • absent when I want it – alas, while writing this piece and most everything I write; • present when I don’t want it – a routine curse at 3 a.m.; • blessedly absent when I don’t want it – as when I’m winding down with Bonnie at day’s end. I’m getting better at manufacturing focus. I can strip away outside distractions by manipulating my environment. But the inside stuff usually remains noisy. Part of what makes focus elusive or accessible for all of us relates to our work. Bonnie Robinson makes her living by blocking out everything and focusing on her music. But she can lock in on anything. She doesn’t really have an off switch on her laser: When she’s talking to someone, the rest of our family can be three feet away discussing what we’re getting her for Focus Christmas without fear of being overheard. On the other hand, my work depends on my ability to MESSAGE PRESIDENT’S see and think about many things simultaneously, which explains why I get a lot done and make a lot of mistakes. I’m not really sure what multi-tasking means, but I’m sure I do it. Although my lens is more often wide-angle than zoom, the object of my vision seldom changes. I see eager 1 students gathered with caring scholars. Both are experiencing the challenges, the joys, the ambiguities, the pain, the fulfi llment, the complexities, and, ultimately, the durable satisfaction of honoring God, following Christ and serving our human community. I see a college bounding upward in strength and academic standing. I see a grand “to do” list that exhausts me. But I also see this annual report and my energy is renewed. The impact of your generosity cannot be overstated. The good work being done at Whitworth comes directly from the tools you are putting into our hands. I thank you for a great 2004-05. Focus is of little value if it’s not followed by action. Through God’s grace and your kindness, our students go forth to put Whitworth’s mission into action. God bless you for being a part of this community. 2004-05: The Year in Focus August 17, 2004 Whitworth receives a September 28, 2004 National Endowment Hundreds of students, for the Arts grant to August 20, 2004 faculty and staff hammer, develop the Visiting Whitworth moves into the top fi ve in paint, sweep and serve at Artists in Printmaking U.S. News & World Report’s 2005 rankings more than 20 Spokane Program. of best colleges and best values among nonprofi t organizations 126 master’s-level universities in the during Whitworth’s annual 15-state Western region of the U.S. Community Building Day. THE YEAR IN FOCUS IN YEAR THE AUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER 2 August 24, 2004 Art professors work through August 30, 2004 the summer with a Whitworth welcomes 480 local art-restoration freshmen – the largest class in July 12, 2004 professional the college’s 114-year history. Victor Pentz of Peachtree Presbyterian and senior art Freshman applications are up Church and Richard Mouw, president of Fuller students to restore, 80 percent since fall 2000. Theological Seminary, lead the 29th annual document and place Whitworth Institute of Ministry, focusing the 400 works in the on “The Church and the Marketplace: The college’s permanent Relationship Between Work and Christian Faith.” art collection. Whitworth College 2004-05 Annual Report November 6, 2004 Renowned jazz pianist Eric October 2, 2004 Reed performs in concert with Weyerhaeuser Hall, the award-winning Whitworth Whitworth’s $7.13 million Jazz Ensemble, which has won academic building, opens fi rst place fi ve times in the past and becomes home to the eight years at the annual Lionel Whitworth School of Global Hampton Jazz Festival. Commerce & Management, the departments of politics December 4-10, 2004 & history and sociology, and The Seattle concert in Whitworth’s Christmas Festival series, Magnifi cat: We the Weyerhaeuser Center for Magnify the Lord, is fi lmed by the national television newsmagazine series Religion & Christian Faith and Learning. Ethics Newsweekly forfor a programprogram that explores Protestant views of the VirginVirgin Mary.Mary. AUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER FOCUS IN YEAR THE October 14, 2004 3 Leading Christian November 12, 2004 philosopher Nicholas Leif Enger, author of the best-selling novel Peace Wolterstorff, of Yale Like a River, presents a lecture and reading as University, shares his vision Whitworth’s Endowed English Reader. Enger’s book of faith-based higher was named one of Time Magazine’s Top Books of education in a lecture, the Year for 2001 and was honored as Best Book of Educating for Shalom: What the Year by The Christian Science Monitor, The Denver Are Our Goals? Post and The Los Angeles Times. February 1, 2005 March 21, 2005 Sharon Mowry, director of the Whitworth Whitworth elementary- Graduate Studies in Education Program, is education students team elected president of the Washington Council with area Starbucks of Educational Administration Programs. coffeehouses to hold book-night sessions January 20, 2005 for children, generating Professor of Political and International Studies funds to help support Michael Le Roy, ’89, is appointed vice president the new Whitworth for academic affairs and dean of the faculty. Literacy Center. THE YEAR IN FOCUS IN YEAR THE JANUARY FEBRUARY MARCH APRIL MAY JUNE 4 February 7-12, 2005 Whitworth celebrates its founding and the centennial of its student newspaper, The Whitworthian, during Heritage Week, which features February 23-26, 2005 a lecture by 1969 Whitworth alumnus and Pulitzer Prize-winning Whitworth’s jazz combo wins journalist Ross Anderson. In May, The Whitworthian wins top Greater fi rst place at the Lionel Hampton Northwest Student Journalism awards – including Outstanding Jazz Festival at the Univ. of Idaho. Achievement in The jazz ensemble takes second Student Journalism. place, and Chris Parkin, ’05, wins the alto-saxophone improvisation competition. Whitworth College 2004-05 Annual Report April 8-16, 2005 The popularity of Whitworth Theatre’s spring musical production, Godspell, May 2, 2005 prompts an encore performance for After a season in which the Pirates earn NWC June 24, 2005 college trustees and the community. titles in three sports and have nine teams Master of International fi nish third or Management student better in their Randall Johanson is respective sports, the third consecutive Whitworth Whitworth MIM student wins its fi rst- to be selected for an ever Northwest academic internship in Conference McIlroy-Lewis All-Sports Trophy. Switzerland’s Graduate Study Programme at the United Nations. JANUARY FEBRUARY MARCH APRIL MAY JUNE FOCUS IN YEAR THE April 26, 2005 Laura Thaut, ’05, becomes May 14-15, 2005 5 the fourth Whitworth Anna Schowengerdt, ’93, shares Lessons student in as many years Learned from her humanitarian-aidhumanitarian-aid effortsefforts March 1-4, 2005 to receive a Fulbright in Liberia, Uganda, Iraq and Indonesia with Seattle Pacifi c University Professor grant for foreign study. a record 417 students at the college’s of Global Ministries Miriam Adeney 115th undergraduate commencement. and Nabeel Jabbour of The Navigators A day earlier, 116 graduates receive discuss Islam and Christianity at the master’s degrees during Whitworth’s annual missions conference, which also Graduate Commencement Ceremony. included a fair with representatives of 24 Christian mission organizations. By the numbers Whitworth continued on a 52% strong fi nancial trajectory in Total Revenues – $51,348,525 Fiscal Year 2005, with signifi cant Student tuition and fees (less fi nancial aid) $26,691,485 growth in revenue, fi nancial Auxiliary services and other income $10,438,280 giving and total assets that Gift income* $9,112,884 positions the college well for its Net investment gains and losses $5,105,876 ambitious fi ve-year strategic plan. 18% 20% *Does not include prior-year pledges paid this year. Operating revenue increased by 11.6 percent, to $51,348,525 – 10% surpassing the $50 million mark FINANCIAL UPDATE FINANCIAL for the fi rst time and supporting a comfortably balanced budget. Growth was fueled by a 6 Total Expenditures – $42,455,789 94 percent increase in gift 54% income, thanks to your Instructional and academic support $23,078,398 generosity, and a total investment Auxiliary services expenditures $7,793,198 return of 9.3 percent despite a Institutional support $7,608,201 volatile market. Student services $3,975,992 New contributions and good 18% 18% investment returns helped Whitworth’s endowment grow 10% by 7.4 percent, to $65.9 million. Total assets increased by Whitworth College 2004-05 Annual Report Total Whitworth Endowment (in(in millions)millions) Net Worth (in millions) $70 $65,942,262 65 $120 60 100 55 80 50 60 45 40 40 20 1990 1995 2000 2005 35 30 Assets 2004 2005 25 Cash $7,733,497 $11,586,891 20 Receivables and other assets $9,583,441 $10,441,172 UPDATE FINANCIAL 15 Investments $81,747,640 $87,567,562 10 Property and physical plant $43,831,073 $43,426,414 7 5 Total Assets $142,895,651 $153,022,039 ’86 ’87 ’88 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 Liabilities 2004 2005 8.7 percent, to $153 million, as the college continued to make Accruals and other liabilities $10,298,081 $11,169,246 campus improvements and increase its cash and investment Annuities payable $8,898,238 $9,974,535 holdings.