President's Report
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MAGAZINE DePauw PRESIDENT’S REPORT Annual Honor Roll of Donors WINTER 2009-10 Oct. 25-28, 2007 OLD GOLD WEEKEND A wOctobereekend 2 to - 4,recogniz 2009 e OUTST ANDING Alumni Achievement To commemorate the 125th season of the DePauw University School of Music, a PriSM Concert, featuring a variety of music from faculty members, students and alumni, was presented during Old Gold Weekend. Old Gold Day festivities included a pre-game corn roast and crowning of the Old Gold King and Queen, junior Adam M. Gilbert and senior rachel S. Ardery, during halftime ceremonies of the football game between DePauw and Millsaps College. The Tigers won 29-27. DePauw MAGAZINE CONTENTS WINTER 2009-10 • VOLUmE 73 • NO. 2 MA GAZINE STAFF Larry G. Anderson, editor E AUW Dian D. Phillips, director of publications D P Donna Grooms, class notes editor Kelly A. Graves, designer, assistant director of publications Richard Fields, University photographer Larry G. Ligget, editorial assistant Jennifer Clarkson Soster ’88, executive director of alumni relations Lisa Hollander, vice president for development and alumni relations DePauw Alumni Association Officers PRESIDENT’S REPORT Janet L. Johns ’85, president 2 Marcus R. Veatch ’75, vice president Sarah Roberts Houghland ’65, secretary PRESIDENT’S REPORT Annual Honor Roll of Donors WINTER 2009-10 DEPAUW ContactS Admission Christopher J. Wells, interim vice president for admission and financial aid 765-658-4108 [email protected] 37 Alumni Relations 2008-09 ANNUAL HONOR ROLL OF DONORS Jennifer Clarkson Soster ’88, executive director 765-658-4208 [email protected] Annual Fund John R. Kuka, director 765-658-4211 [email protected] Athletics S. Page Cotton Jr. ’71, director 765-658-4938 [email protected] Career Services Center Steve Langerud, director 765-658-4280 [email protected] Class Notes Donna Grooms 765-658-4625 (fax) [email protected] DePauw Magazine Larry G. Anderson, editor P.O. Box 37 Greencastle, IN 46135-0037 765-658-4628 765-658-4625 (fax) [email protected] www.depauw.edu/pa/magazine Development and Alumni Relations Lisa Hollander, vice president 765-658-4036 [email protected] Financial Aid Craig A. Slaughter, director 765-658-4030 [email protected] Media Relations Ken Owen ’82, executive director 88 RECENT WORDS 765-658-4634 [email protected] Bryant ’58. Buddenbaum ’62. Gifford ’71. Registrar’s Office (transcripts) Kenneth J. Kirkpatrick, registrar Hanlon ’92. Hendrix ’77. McGreevy ’56. 765-658-4000 [email protected] Peeler. Spears ’78. Tudor ’58. Woolling ’78. Sports Information Bill Wagner, director 765-658-4630 Hotline (scores) 765-658-4636 [email protected] 91 CLASS NOTES www.depauw.edu/ath/ Web site Jason C. Shore 765-658-4533 [email protected] www.depauw.edu Printed by Mignone Communications Inc., Huntington, Ind. www.depauw.edu/pa/magazine CAMPUS UPDATE 2 PRESIDENT’SCAMPUS UPDATE REPORT ANNUAL HONOR& ROLL of DONORS CONTENTS A Message from President Brian W. Casey 4 A Report from R. David Hoover ’67 10 Financial Report for 2008-09 12 The Washington C. DePauw Society 14 Indiana Asbury Legacy Society 22 The Annual Fund 23 DePauw Loyalty Society 26 Class Lists 37 Parent Giving 66 Friends, Faculty and Staff 72 Corporations, Foundations and Organizations 80 Memorial Gifts 82 Honor Gifts 83 Board Lists 84 3 PRESIDENT’S REPORT Winter 2009-10 How is DePauw doing? During a year and a half in the office of president, a time in which I have traveled to a dozen cities Hto meet with DePauw alumni, I am repeatedly asked how DePauw is doing. Those who follow higher education know that institutions such as DePauw – and even colleges and universities that have little in common with DePauw – have faced a series of extraordinary financial challenges. Private institutions that rely on endowments to sustain their academic enterprise saw endowments fall quickly. (DePauw’s endowment declined 19.4 percent during the 2008-09 academic year, a significant decline but a lesser fall than witnessed by most of our peers.) Public institutions have seen support from states decline at similar levels. Brian W. Casey DePauw, by necessity, is undertaking considerable steps to address the financial pressures it faces. We have frozen all salaries, stopped all hiring, and have taken other means to reduce expenses and costs. DePauw has a debt structure that must be managed, pressure from Walden Inn operations, and rising financial aid needs for our students. We will continue to address these issues across the campus by consulting with nearly all campus and non-campus-based constituencies. DePauw is also doing something few other institutions are attempting at this time: we are thinking about how to use this time of tumult as an opportunity to plan for a very strong future. As described below, we have started a series of planning conversations about our academic program, our residential structure, and the ways in which we use the campus and interact with the community of Greencastle. Conversations such as these, in times we are facing, may seem indulgent. Can you plan a better future when you’re very concerned about the present? I believe so, and can point to history as a guide. During the past 150 years, various American institutions have encountered challenging economic times and used the opportunity to sharpen attention on what matters, to take bold steps, and to imagine a stronger future. The 20th century provides the examples of Stanford University, Duke University, and (more recently) Carleton College and Davidson College – institutions that moved from places of strength to positions of true national and international prominence. DePauw itself was transformed by the gift of Washington C. DePauw at a time when it faced considerable financial challenges. This may be DePauw’s time to move, even further than it has over the decades, into the upper reaches of the nation’s colleges and universities. Signs portend good things for DePauw. We welcomed 747 talented new students in the Class of 2013 this fall, one of the largest classes in DePauw’s 172-year history and drawn from a larger number of applications. More outstanding students nationally and internationally are becoming aware of DePauw as a community where they can develop their intellectual lives through the liberal arts and prepare to engage the world. Significantly, 20 percent of the entering class has alumni ties. I want to thank alumni who know the value of the DePauw experience and entrust their children’s education to the University as well as alumni who recommend other deserving prospective students. What then are the conversations about DePauw’s future that we have started? They are those high- lighted in recent issues of DePauw Magazine. We have moved forward in all. DePauw’s academic program. After more than a year of discussions about DePauw’s intellectual life, faculty members – at their September 2009 meeting – voted their support of a new vision for a DePauw education. The work of faculty members on this issue has been really remarkable, and they have produced a great number of extraordinary recommendations in a relatively short time. Their efforts 4 PRESIDENT’S REPORT PRESIDENT’S REPORT will profoundly shape the intellectual experience for DePauw students for years to come, and I thank faculty members for their important work. Among changes already voted in by the faculty are a considerable reduction in the number of required courses and a plan that students complete all foundational, required courses in the first two years of their college program. Students should be prepared to continue to higher-level courses in their later years at DePauw, and should have more opportunities and freedoms to explore areas of interest. Throughout this year, faculty will also consider enhancements to Winter Term, additional opportunities to complete a capstone or thesis requirement, and changes to the ways in which we ensure students have necessary writing, speaking and quantitative skills. Campus and town-gown planning. With the help of faculty members, students and staff mem- bers, we continue a campus-wide review to determine if campus space is being used most effectively to support academic programs and the social experience for all students. Ayers Saint Gross, one of the world’s top campus planning firms, has been leading this effort. In the spring, we should see a prelimi- nary draft of a campus plan, one that will call for enhancements to the entrances and edges of campus, improvements to our landscape and treescape, more areas for social and intellectual interaction, and better ways to connect to the downtown area of the City of Greencastle. Financial and administrative planning. The financial reality was that the University had to resolve a Fiscal Year 2008-09 operating budget deficit of $4.7 million. For 2009-10 I can report that DePauw developed an operating budget that – due to the diligent work of faculty and staff members – is projected to be balanced. However, in order to balance the 2009-10 operating budget during these chal- lenging financial times, we have implemented operating cost reductions of nearly $5 million. Because of increases in student financial need for continuing students as well as other unplanned capital expenses, a number of additional steps must be taken throughout the year to keep the budget balanced. Looking to the future, the University will face a significant challenge balancing the operating budget throughout the next five years. To that end, I have called for creation of the University Resource Pri- oritization Task Force. This committee, composed of faculty members, students and staff members, is charged to consider DePauw’s long-term strategic priorities and offer me guidelines about how best to align the University’s available resources in service of these priorities. We will have to consider difficult trade-offs in the years ahead.