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2013 USC Financial Report 9977_USC_coverform_final.r2_Layout 1 11/22/13 3:28 AM Page 1 University Park Los Angeles, CA 90089 usc.edu financial report_2013 UNIVERSITY OF SOUTHERN CALIFORNIA For information and additional copies of this report, please contact: University of Southern California University Park, UGB 205 Los Angeles, CA 90089-8005 (213) 821-1900 about.usc.edu 9977_USC_coverform_final.r3_Layout 1 11/22/13 3:00 PM Page 2 On the cover The Collaborative High Altitude Flow Facility (CHAFF), a joint USC and Air Force facility housed on the University Park Campus, is a large vacuum chamber simulating space environments for a host of applications — from testing propulsion systems to materials behavior. (USC/Chris Shinn) Produced by the Office of the University Comptroller and published by University Communications, Office of University Publications, 2013 Design: Rick Simner Design Photos by: Cover, Chris Shinn; inside front cover, Justin Ichida Lab, Lick Pui Lai/Andy McMahon Lab; p. 2 Kim Fox Photography; p. 4 R&D Magazine, Justin Ichida Lab; p. 5 Philip Channing; p. 6 Elisabeth 03 _ RESEARCH AT THE INTERSECTION Rutledge/Andy McMahon Lab, Chris Shinn; p. 7 Qi-Long Ying 09 _ UNIVERSITY HIGHLIGHTS Lab, Chris Shinn; p. 8 Chris Shinn, FJ Gaylor Photography; p. 9 Bill 14 _ ACADEMIC HIGHLIGHTS Hebert; p. 10 Chris Shinn; p. 12 Gus Ruelas; p. 13 Philip Channing; 23_ FINANCIAL STATEMENTS p. 14, William Vasta; p.15 Philip Channing, Gregory Creech, William 28_ NOTES TO FINANCIAL STATEMENTS Vasta; p. 16 Ed Carreon, Jim Haw, Alexander Iziliaev; p 17 Philip 42 _ BUDGET 2013-2014 Channing, Craig Schwartz, Steve 53 _ USC ROLE AND MISSION Cohen; p. 18 Meiki Takechi Arquil- los, Philip Channing, Julie Glassberg; UNIVERSITY LEADERSHIP, inside back cover p. 19 Philip Channing, Chris Shinn, Lisa Brook; p. 20 Chris Shinn, Tom Queally; p. 21 Brian Goodman, Philip Channing; p. 22 Philip Channing Printing: ColorGraphics 9977_USC_upfront_final.r1_USCFR 11/21/13 12:27 AM Page 1 research at the intersection of science and the humanities 9977_USC_upfront_final.r1_USCFR 11/21/13 12:29 AM Page 2 Holocaust survivors are interviewed on USC's three-dimensional videotaping stage for the USC Shoah Foundation's New Dimensions in Testimony Project. 9977_USC_upfront_final.r1_USCFR 11/21/13 12:31 AM Page 3 University of Southern California 2012 FINANCIAL REPORT / 3 imagine being blind and having your vision partially restored. Or watching an embryonic heart beat as it develops its chambers. Or having a conversation with a 3D hologram of a Holocaust survivor — long after this person has passed away. This year, USC researchers worked across disciplines to achieve these and other breakthroughs that are changing the way we live now and in the future. 9977_USC_upfront_final.r2_USCFR 11/22/13 3:59 AM Page 4 4 / 2013 FINANCIAL REPORT University of Southern California Eli and Edythe Broad Center for Regenerative Medicine and Stem Cell Research at USC Motor neurons derived from a patient with ALS PROVOST PROFESSOR MARK S. HUMAYUN and a USC Stem Cell, the Regenerative Medicine team of researchers developed the Argus II, the world’s Initiative, promotes collaborative, multi- first artificial retina approved for use in the United States disciplinary research across the university. and the European Economic Area. Produced by Second Sight Medical Products, the device is intended to restore some vision to people suffering from blindness caused by the inherited disease retinitis pigmentosa. “In the patients who have received implants to date, the improvement in the quality of life has been invaluable,” said Humayun, who holds joint appointments as Provost Professor at the Keck School of Medicine of USC and the USC Viterbi School of Engineering and is director of the USC Eye Institute. “The fact that many patients can use the Argus implant in their activities of daily living, such as recognizing large letters, locating the position of objects and more, has been beyond our wildest dreams.” Even wilder dreams are being realized as USC expands its biomedical enterprise through a series of transformative faculty hires. Provost Professor Andrew P. McMahon left Harvard University to accept joint appointments at the Keck 9977_USC_upfront_final.r2_USCFR 11/22/13 3:59 AM Page 5 University of Southern California 2013 FINANCIAL REPORT / 5 “USC Stem Cell allows us to tap into the collective power of USC’s researchers in basic sciences, medicine, pharmacy, gerontology, dentistry, computing, engineering and beyond.” – Andrew P. McMahon, Provost Professor School and the USC Dornsife College of Letters, Arts California Institute of Technology, he now serves as USC’s and Sciences. He chairs the newly created Department director of science initiatives and holds joint appointments of Stem Cell Biology and Regenerative Medicine and at USC Viterbi and USC Dornsife. serves as director of the Eli and Edythe Broad Center for “What excites me most about my research,” he said, Regenerative Medicine and Stem Cell Research at USC. “is when we obtain findings that others have declared are Shortly after his arrival, he spearheaded USC Stem Cell, impossible to obtain.” the Regenerative Medicine Initiative, to promote collabo- USC continued to dial up its biomedical brainpower rative, multidisciplinary research across the university. when Provost Professor Arthur W. Toga and Professor Paul “USC Stem Cell allows us to tap into the collective Thompson, along with around 100 other faculty, researchers power of USC’s researchers in basic sciences, medicine, and multidisciplinary staff in their world-renowned Labora- pharmacy, gerontology, dentistry, computing, engineering tory of Neuro Imaging, moved from UCLA to USC. These and beyond,” said McMahon, who studies the development, celebrated experts will form the core of a new neuroinfor- repair and regeneration of critical organ systems, including matics institute, which will use powerful computers to see the kidney. “The goal is to translate our research from the circuitry of the human brain and aid our understanding the laboratory to the bedside, helping patients who suffer of Alzheimer’s, schizophrenia, depression and other diseases. from birth defects, injury and chronic disease.” The investigators hope to forge collaborations with Another bold visionary and recent USC recruit, colleagues at the Eli and Edythe Broad Center for Regen- Provost Professor Scott E. Fraser, is a world leader in imag- erative Medicine and Stem Cell Research, the Zilkha ing biological structures and molecular signals to better Neurogenetic Institute and other university partners. understand complex events such as embryonic develop- “We are both cases in point of the value of working ment and disease processes. Formerly a professor at the at the interface between disciplines,” Toga said. “We’re 9977_USC_upfront_final.r1_USCFR 11/21/13 12:40 AM Page 6 6 / 2013 FINANCIAL REPORT University of Southern California “We are both cases in point of the value of working at the interface between disciplines. We’re integrationists, very much trying to bring together a whole that is greater than the sum of its parts.” – Arthur W. Toga, Provost Professor and Director of the USC Institute for Neuroimaging and Informatics Above: Mouse embryo image from McMahon Lab integrationists, very much trying to bring together a tive research on alternative fuels. They also earned whole that is greater than the sum of its parts.” recognition from the nations of their birth: native Hungar- USC’s School of Philosophy also has extended its ian Olah received the 2013 Semmelweis Budapest Award, interdisciplinary reach with the addition of a progressive and Prakash was appointed to India’s National Academy five-year BA/MA program in philosophy and law, and an of Sciences. interdisciplinary major in philosophy, politics and law. Closer to home, President Barack Obama presented The philosophy graduate program rose to number a trio of Trojans with National Medals, the highest honor 11 in the Philosophical Gourmet Report ranking, and the de- bestowed by the United States government for achieve- partment hired three renowned professors from the Uni- ment in a variety of fields. versity of Oxford: John Hawthorne, Ralph Wedgwood Presidential Professor George Lucas accepted the and Gabriel Uzquiano Cruz. National Medal of Arts for transporting audiences to new USC’s newest additions aren’t the only ones to garner worlds and creating some of the most beloved and iconic recognition. films of all time. In October, the Royal Swedish Academy of Sciences Solomon W. Golomb, University Professor and awarded the Nobel Prize in chemistry for 2013 to Distin- Distinguished Professor of Electrical Engineering and guished Professor Arieh Warshel and two colleagues for Mathematics, earned the National Medal of Science for developing the key principles behind computer simulations his work on “shift register sequences,” patterns of zeros that are now indispensable in the study of chemical reactions. and ones that have applications ranging from cellphone In the same month, fellow Nobel Laureate and systems to the Mars rovers’ deep-space communications. Distinguished Professor George Olah and Professor G.K. At the same ceremony, USC alumnus Rangaswamy Surya Prakash from the Chemistry Department received a Srinivasan, PhD ’56, of IBM was presented with the $1 million prize from the State of Israel for their innova- National Medal of Technology and Innovation for his 9977_USC_upfront_final.r1_USCFR 11/21/13 12:41 AM Page 7 University of Southern California 2013 FINANCIAL
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