Arizona State University Strategic Enterprise Plan: 2021 Update & Operational and Financial Review

Michael M. Crow February 12, 2021 The ASU Enterprise

2 ASU is leading the Fifth Wave

First Wave Second Wave Third Wave Fourth Wave Fifth Wave Greek Academies State Colleges Land-Grant Colleges Research Universities National Service Universities

163 6 Harvard College* 1693 College of William and Mary 1876 * 1701 Yale College State-chartered colleges and universities, 1885 * 1746 College of New Jersey (Princeton) including teacher colleges and 1890 * 1754 King’s College (Columbia) technological institutes, some private 1755 College of Philadelphia (Penn) 1764 College of Rhode Island (Brown) 1785 * First Wave colleges that evolved into 1766 Queen’s College (Rutgers) 1789 University of North Carolina* research universities 1769 1792 University of Vermont 1801 University of South Carolina 1816 1819 University of Virginia* Land-grant colleges and universities Columbia University Schools founded during the early Republic established as a consequence of that established the prototype for the University of Pennsylvania the Morrill Act of 1862 American residential liberal arts college , etc. 1848 University of Wisconsin 1783 Dickinson College 1851 1865 * 1793 1855 Michigan State University 1867 University of Illinois* Second Wave colleges and universities 1794 Bowdoin College 1855 Penn State University 1868 University of California* that evolved into research universities 1800 Middlebury College 1856 University of Maryland 1869 University of Georgia 1832 Wabash College 1858 Iowa State University 1870 University of North Carolina 1833 Oberlin College 1861 Massachusetts Institute 1871 Texas A&M University, etc. University of Michigan 1837 Mount Holyoke College of Technology (MIT), etc. 1885 University of Virginia 1846 Grinnell College Georgia Tech 1860 Bard College 1862 California State Normal School Caltech 1864 Swarthmore College (California State University system) Arizona State University, etc. 1871 Smith College Second Wave schools subsequently designated land-grant universities 1885 Bryn Mawr College 1880 University of Southern California 1887 , etc. 1883 University of Texas, Austin University of Wisconsin T hird Wave universities that evolved into research universities 1885 Tempe Normal School (ASU) University of Minnesota 1885 Georgia Institute of Technology University of Wisconsin Liberal arts colleges established during Michigan State University the twentieth century as variants of the (Georgia Tech) Penn State University University of Minnesota colonial colleges 1891 California Institute of Technology University of Maryland Michigan State University (Caltech), etc. 1908 Iowa State University Penn State University 1932 Bennington College MIT, etc. University of Maryland 1899 Northern Arizona University Iowa State University 1946 Claremont McKenna College Fourth Wave institutions combining scale MIT 1955 1909 Tennessee Tech and accessibility with world-class Cornell University 1969 College of the Atlantic 1944 Utah Valley University 1890 land-grant institutions (HBCUs) research enterprises University of Illinois 1997 Olin College, etc. Alabama A&M University 1946 Portland State University University of California Tuskegee University Arizona State University* 1963 University of Central Florida Purdue University, etc. West Virginia State University, etc. 1966 University of Maryland University of Arizona Penn State University Baltimore County, etc. University of Maryland system 3 Purdue University, etc. * = progenitors 2018 California Community College No. 115 ASU is an emerging National Service University

National Service Universities aspire to accelerate positive social outcomes through the seamless integration of cutting-edge technological innovation and scalability with institutional cultures dedicated to the advancement of academic enterprise and public value.

4 Our charter drives all we do

ASU is a comprehensive public research university, measured not by whom it excludes, but by whom it includes and how they succeed; advancing research and discovery of public value; and assuming fundamental responsibility for the economic, social, cultural and overall health of the communities it serves.

5 Fulfilling our responsibility and the public trust

The charter is a promise to the citizens of Arizona.

ASU has a responsibility to fulfill the requirements of the Arizona Constitution to provide public education.

The responsibility is not one that is conditional upon the actions of the legislature; it is ASU’s responsibility to find the means to fulfill its charter while seeking appropriate and fair public investment in the costs of education for Arizona resident students.

6 Our design aspirations are how we work

Leverage Our Place Enable Student Success ASU embraces its cultural, socioeconomic ASU is committed to the success of each and physical setting. unique student.

Transform Society Fuse Intellectual Disciplines ASU catalyzes social change by being ASU creates knowledge by transcending connected to social needs. academic disciplines.

Value Entrepreneurship Be Socially Embedded ASU uses its knowledge and encourages ASU connects with communities through innovation. mutually beneficial partnerships.

Conduct Use-Inspired Research Engage Globally ASU research has purpose and impact. ASU engages with people and issues locally, nationally and internationally..

7 ASU’s public enterprise continues to evolve

Academic Enterprise

8 ASU’s public enterprise continues to evolve

Knowledge Enterprise

Academic Enterprise

9 ASU’s public enterprise continues to evolve

Learning Enterprise

Knowledge Enterprise

Academic Enterprise

10 Three pillars anchor the public enterprise

Academic Enterprise Knowledge Enterprise Learning Enterprise

11 ASU: A public enterprise university in service to the nation

EdPlus@ASU

ASU Enterprise Partners

ASU Enterprise Technology Office

ASU Marketing Hub

ASU Preparatory Academy 12 The pillars and our colleges and schools work together

EdPlus@ASU

ASU Enterprise Partners

ASU Enterprise Technology Office

ASU Marketing Hub 13 ASU Preparatory Academy ASU advances across teaching and learning realms

14 Our design enables our response under all conditions

Fragile The quality of being easily broken or damaged —The Oxford Dictionary

“the capacity of a system to absorb disturbance and re-organize while undergoing Resilient change so as to still retain essentially the same function, structure, identity and feedbacks” —Walker et al., Ecology and Society, 2004

Something that “thrives and grows when exposed to volatility, randomness, Antifragile disorder, and stressors and loves adventures, risk, and uncertainty” —Nassim Taleb, author of The Black Swan, 2007

15 COVID Management

16 ASU as a resource for fighting COVID-19

Throughout the past year, during a time of high stress and unique demands, leaders throughout the state have called upon Arizona State University to be of service.

ASU students, faculty and staff have relied on innovation, ingenuity, hard work and determination to take on assignments that have helped the state advance through unprecedented challenges.

17 ASU COVID-19 response: 2020 Timeline

18 ASU COVID-19 response: 2020 Timeline

19 ASU COVID-19 response: Students

• Accessible and free COVID-19 testing • Enhanced campus safety and cleaning protocols • ASU COVID-19 Outbreak Response Unit • Telemedicine and telecounseling • COVID-19 management strategy and case data updates • Three learning modalities: ASU immersion, ASU Sync, iCourses • ASU 24/7 Experience Center • Digital tools including laptops, WiFi hotspots • Digital academic support programs • Virtual orientations and campus visits • CARES Act funding • Modified dining options • Physically distanced community activities • Virtual commencement and convocation ceremonies

20 ASU COVID-19 response: Faculty and Staff

• Enhanced safety protocols • Accessible and free COVID-19 testing • Daily health check app • COVID-19 management strategy and case updates • Employee Wellness Exposure Management Team • Employee Assistance Office • Phased return to work plan • Online employee webinars • Workplace accommodations • ASU Telecommuting Resource Guide • Classroom safety supplies • Classroom technology upgrades • Digital tools including laptops and WiFi hotspots • ASU Sync classroom orientations, on-demand training modules, and digital tools and templates • ASU 24/7 Experience Center • Instructional videos to facilitate remote teaching (Zoom, Slack, etc.) • UTO key modality data dashboard 21 ASU COVID-19 response: Research

• Rapid robotic saliva testing • PPE Response Network • 100+ research groups mobilized (including COVID-19 vaccine teams) • Weekly ASU Biodesign media briefings • Wastewater COVID-19 tracking • Point-of-care testing device • Computational Modeling in Social and Ecological Sciences (CoMSES Net), international clearinghouse for computer models • COVID Testing Commons, one-stop resource for comprehensive testing information • Global Futures Laboratory

22 ASU COVID-19 response: Community

• Accessible and free COVID-19 saliva testing • Operation of the state’s mass vaccination sites • COVID-19 management strategy and case updates • Wastewater COVID-19 tracking • Outbreak Response Team traced 15,000 cases • Maricopa County Serosurvey Program • Edson mask-making tutorial • COVID Resilience for Healthcare Professionals Facebook group (ECONHI) • COVID-19 Diagnostic Commons • Online music therapy for the elderly (School of Music) • ASU Prep Digital and ASU For You • MLFTC Sun Devil Learning Labs • Virtual Field Trips • Arizona PBS educational programming • Center for Accelerating Operational Efficiency work on medical equipment and vaccine supply chain challenges • Global Security Initiative’s Center for Cybersecurity and Digital Forensics tracking of COVID-19 by online scammers 23 The ASU community stepped up to serve

Video: Thank You, Sun Devils COVID-19 is not going away

These conditions accelerate the changes we knew were needed.

We believe there is more value in moving forward from here than going back to “normal.”

25 Our ASU Sync modality is one way of moving forward through innovation

Course options

On-campus immersion courses delivered entirely online with lectures available on demand. Blend of in-person and ASU Sync experiences. ASU Sync is fully interactive remote learning using live lectures via Zoom.

On-campus, in-person instruction.

26 ASU succeeded and set new goals

Video: Reflecting on college during a pandemic and planning for Spring 2021 Evolution of the public enterprise

28 ASU thrives on collaboration

29 ASU integrates capacity of major affiliates

InStride Cintana Dreamscape Learn

30 ASU operates in metropolitan U.S. cities

31 ASU will open flagship center in Downtown Los Angeles architectural landmark in 2021

Five story, 80,000 square foot center for modern Los Angeles

Herald Examiner Building

32 ASU academic engagement spans the globe

33 ASU research engagement spans the globe

34 Performance and Accomplishments

35 ASU mission and goals make clear our expectations

Demonstrate leadership in academic excellence and accessibility

Establish national standing in academic quality and impact of colleges and schools in every field

Establish ASU as a global center for interdisciplinary research, discovery and development by 2025

Enhance our local impact and social embeddedness

36 ASU progress is measured against our goals

Demonstrate leadership in academic excellence and accessibility

• Maintain the fundamental principle of accessibility to all students qualified to study at a research university.

• Maintain university accessibility to match Arizona’s socioeconomic diversity, with undifferentiated outcomes for success.

• Improve first-year persistence to greater than 90 percent.

• Enhance university graduation rate to greater than 85 percent and more than 32,000 graduates.

• Enhance quality while reducing the cost of a degree.

• Enroll 125,000 online and distance-education degree-seeking students.

• Enhance measured student development and individual student learning to national leadership levels.

• Engage all learners on all levels. 37 ASU progress is measured against our goals

Establish national standing in academic quality/ impact of colleges/schools in every field

• Attain national standing in academic quality for each college and school (top 5 percent).

• Attain national standing in the learning value added to our graduates in each college and school.

• Become the leading university academically (faculty, discovery, research, creativity) in at least one department or school within each college and school.

38 ASU progress is measured against our goals

Establish ASU as a global center for interdisciplinary research, discovery and development

• Become the leading American center for discovery and scholarship in the integrated social sciences and comprehensive arts and sciences.

• Enhance research competitiveness to more than $1 billion in annual research expenditures.

• Transform regional economic competitiveness through research and discovery and value-added programs.

• Become a leading American center for innovation and entrepreneurship at all levels.

39 ASU progress is measured against our goals

Enhance our local impact and social embeddedness

• Strengthen Arizona’s interactive network of teaching, learning and discovery resources to reflect the scope of ASU’s comprehensive knowledge enterprise.

• Co-develop solutions to the critical social, technical, cultural and environmental issues facing 21st-century Arizona, ensuring sustainability and resilience.

• Meet the needs of 21st-century learners through the Universal Learner ® initiative by increasing individual success through personalized learning pathways and promoting adaptability to all accelerated social-technical changes.

40 ASU excellence earns recognition

41 42 ASU continues to achieve on all fronts

Student Success Research Enterprise Management

43 Student Success

44 ASU students demonstrate excellence and innovation in 2020

Udall Undergraduate Scholarship XPRIZE Next-Gen Mask Churchill Scholarship

Three ASU winners First place winners Two ASU finalists in 2020-2021 • Outstanding undergraduates pursuing • Challenge to create a more comfortable • Established by Sir Winston Churchill environmental careers and Native American effective and affordable face covering to fulfil his vision of US–UK scientific students who want to work in tribal public • Floe Mask anti-fogging mask exchange policy or tribal health • $500,000 prize • One year of Master’s study at • Nekiyah Draper • Selected over 1,000+ other teams Cambridge • Tahiry Langrand • Maeve Kennedy • Grant Real Bird • Alexis Hocken • Two additional ASU honorary mentions • Barrett Honors College 2020 alumni

45 Undergraduate enrollment reaches highest ever levels

Undergraduate enrollment actual, current metric goals, and proposed goals (2003-2025)

Current Metric Goals

Proposed Metric Goals

140,000 International

Online 120,000 Campus 100,000 Non Resident 80,000 Online

60,000 Campus

40,000 Resident

20,000 Online Campus - 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

46 Graduate enrollment has continued to outpace goals Graduate enrollment actual, current metric goals, and proposed goals (2003-2025)

Current Metric Goals

Proposed Metric Goals 40,000 International

35,000 Online

30,000 Campus

25,000 Non Resident

20,000 Online Campus 15,000

10,000 Resident

5,000 Online Campus 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

47 First-year student enrollment has grown across all populations First-time, first-year enrollment by race/ethnicity (1980-2020)

18,000

16,000

International 14,000 52% Unknown 12,000 Arizona first-year students are students of color Two or More 10,000 Pacific Islander

8,000 American Indian

6,000 Black

4,000 Asian

Hispanic 2,000 White 0 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 '17 '19

48 ASU is now more accessible to low-income students First-year enrollment by income (2002, 2011, 2020)

1,600

1,400

1,200

1,000

800

600

400 Fall 2020

Fall 2011 200 Fall 2002 - 140k 160k 180k 200k 220k 240k 260k 280k 300k 320k 340k 360k 380k 400k < $20k $120k- $140k- $160k- $180k- $200k- $220k- $240k- $260k- $280k- $300k- $320k- $340k- $360k- $380k- > $400k $20k-40k $40k-60k $60k-80k 49 $80k-100k $100k-120 All incomes adjusted to 2018 dollars using CPI. Pell Grant recipient enrollment is more than triple that of the Ivy League Undergraduate Pell Grant recipients by academic year

45,000 40,491

40,000

35,000

30,000

25,000

20,000

15,000

10,000 1,044 5,000

0 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 50 First-generation student enrollment has tripled since 2002 First-generation student enrollment (Fall 2002-Fall 2020)

30,000 27,900

25,000

20,000

15,000

7,560 10,000

5,000

- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

51 Arizona community college transfer enrollment has grown

Percentage change in 12-month enrollment compared to 2002-03

20% 6,259 15%

10% Over a period during 5,541 5% which community college enrollment has declined, ASU has 0% consistently increased enrollment, with four- -5% year graduation rates of 70% in 2018-19. -10%

-15% New Transfers from AZ CCs -20% AZ CC Enrollment -25% 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 52 ASU has created geographic diversity Student body includes 8,875 international students from 145 countries

Top 10 countries

China India #6 Saudi Arabia Canada in the U.S. for hosting Republic of Korea international students Taiwan Institute for International Education 2020 United Arab Emirates Mexico Egypt Kuwait

53 ASU is committed to low annual tuition adjustments

Tuition and fees for new resident, first-year students (Fall 2013-Fall 2021)

$13,000 $12,671 $12,447 $12,671 $12,500 $12,228

$11,896 $12,000 $11,769 Beginning in Fall 2019, $11,564 $11,896 $11,403 ASU streamlined $11,500 tuition and fees and $11,338 $11,338 $10,957 $11,059 included class fees (which averaged $321 $11,000 $10,764 $11,338 in 2018-19) in total. $10,391 $10,478 $10,822 $10,500 $10,157 $10,792 $10,640 $10,002 $10,358 $10,000 $9,989 University of Arizona

Northern Arizona University $9,500 $9,738 Arizona State University $9,000 Fall '13 Fall '14 Fall '15 Fall '16 Fall '17 Fall '18 Fall '19 Fall '20 Fall '21

54 ASU tuition remains low across all groups compared to Pac-12 public universities

Full-time tuition for new resident undergraduate students (2020-21)

$50,000

$45,000 Non-Resident International

$40,000

$35,000

$30,000

$25,000

$20,000 Resident

$15,000

$10,000

$5,000

$0 Utah Utah Utah UCLA UCLA UCLA Oregon Arizona Oregon Oregon Arizona Arizona Colorado Colorado Colorado UC Berkley UC Berkley UC Berkley Washington Washington Washington Oregon State Oregon Oregon State Oregon Oregon State Oregon Arizona State Arizona State

55 Arizona State Washington State Washington State Washington State ASU is committed to affordability by providing gift aid Average gift aid awards by family income for 42,034 resident undergraduate students (2019-2020)

16000 8,087 5,317 3,963 2,861 2,163 4,656 8,160 Number of Students

14000

12000 Tuition and Mandatory Fees = $11,338 10000

8000

6000 Private / External Gift Aid

4000 State Gift Aid

Federal Gift Aid (all) 2000 Institutional Gift Aid 0 < $20K $20K- $34.99K $35K- $49.99K $50K-$64.99K $65K- $79.99K $80K- $119.99K >=$120K

AZ Median Household Income = $58,945 U.S. Median Household Income = $62,843 Source: U.S. Census Bureau, 2019 56 Chart does not include data for 6,827 students for whom income data is unavailable ASU first-year retention is nearing 90% goal

First-year student retention rates (2002-2019)

90% 88.7%

88%

86%

86.2% 84%

82%

78.0% 80%

78% Arizona First-Year Students 76% 76.7% All First-Year Students 74% '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19

Cohort Entry Year 57 Graduation rates have increased markedly since 2002 and the four-year rate has nearly doubled First-year resident student cohort graduation rate (Fall 1983-Fall 2016)

75% 69.4%

65% 66.5% 57.0%

55% 55.8%

45% 49.3%

6-Year Rate 35% 28.4% 5-Year Rate

4-Year Rate 25% '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Cohort Entry Year

58 Four-year graduation rate compares well with UIA schools Four-year graduation rate of University Innovation Alliance member universities

UT Austin Ohio State Purdue ASU Michigan State UC Riverside Kansas Iowa State UCF Oregon State “A” Average High School GPA Georgia State “B” Average High School GPA

0% 10% 20% 30% 40% 50% 60% 70%

59 ASU degrees awarded have nearly tripled since 2002-03

Undergraduate and graduate degrees by year (2002-2025)

Current Metric Goals 45,000 Proposed Metric Goals 40,000 International

35,000 Online

30,000 Campus

25,000 Non Resident

20,000 Online Campus 15,000

10,000 Resident

5,000 Online Campus 0 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2023-23 2023-24 2024-25 60 Number of ASU degrees awarded in high-demand fields doubled over 10 years High demand degrees awarded (2002-2020)

12,000 11,296

Doctoral - Health 10,000 Doctoral - Education

8,000 Doctoral - STEM

Master’s – Health 5,449 6,000 Master’s - Education

3,499 Master’s - STEM 4,000 Bachelor’s - Health

2,000 Bachelor’s - Education

Bachelor’s - STEM 0 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 61 ASU degrees awarded in STEM fields nearly tripled since 2002-03 STEM degrees awarded (2002-2020)

8,000 6,972 7,000

6,000

5,000

4,000

3,000 2,514 1,857 2,000 Doctoral

Master’s 1,000 Bachelor’s 0 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 62 Research

63 ASU produces pioneering research Game-changing, use-inspired discovery happens here

COVID-19 Saliva Test Mars Perseverance Rover Cameras Tandem Cell Energy Research

64 World-class new faculty continue to join ASU

Donatella Danielli Landry Signé Robert Kaindl

Professor and Director, School of Professor and Senior Director, Professor, Department of Physics Mathematical and Statistical Sciences Thunderbird School of Global Director, Beus CXFEL Laboratory Management Biodesign Institute at ASU Expertise: Partial differential equations, calculus of variations and geometric Leads the Fourth Industrial Revolution Lawrence Berkeley National measure theory and Globalization 4.0 Initiative and the Laboratory and 2019 fellow Washington, DC-based Executive Master of the American Physical Society 2017 fellow of the American of Global Affairs and Management Mathematical Society Expertise: Quantum materials Senior fellow, Brookings Institution and ultrafast science, light-driven 2020 Class of Fellows of the Association Distinguished fellow, Stanford University materials phenomena, multi-modal for Women in Mathematics World Economic Forum Young Global probes, terahertz and photoelectron 65 Leader spectroscopies Research expenditures doubled over the last decade Dollars in millions

$900 $815 Est. New Goal: $1B $800

$700 $660 Est.

$600

$500

$400

$300

$200 Metric Goal $100 Actual $0 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '25

66 Research growth has outpaced nearly all other universities Percentage growth for institutions with research expenditures greater than $100M annually

Indiana U. 500% Bloomington gained Indiana IUPUI’s medical school in 2015. 400% Arizona State

300% NYU

UNC 200% UT -M.D. Anderson Cancer Center

100% Utah

0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-100%

67 Research growth has fueled heightened impact Technology transfer as advanced by SkySong Innovations

350

301 306 300 285 300

250

200

ASU FY20 Goals 150 129 122 Invention Disclosures 100 License Agreements 55 52 56 56 50 Startups 17 18 19 19 Issued U.S. Patents 0 FY18 FY19 FY20

68 SkySong Innovations supports start-up growth

SI’s startup portfolio continues to thrive. Nationally, these companies supported more than 2,000 jobs and contributed $222 million to the economy, with the bulk of that impact in Arizona.

In FY20, ASU startups also raised approximately $100 million in external funding. By the end of next year, if economic conditions stabilize, we may approach or surpass $1 billion in all-time funding raised by ASU-connected startups.

69 ASU leads across research disciplines National Science Foundation Higher Education Research and Development rankings (2019)

70 71 72 73 74 75 76 77 Enterprise Management

78 Revenues have more than tripled over past two decades Net revenues for ASU and component units in millions (2008-2021)

4,500,000

4,000,000 Component Units

3,500,000 Learner and Other

TRIF 3,000,000 Auxiliary 2,500,000 Gifts 2,000,000 Grants and Contracts

1,500,000 Financial Aid Grants

1,000,000 Tuition and Fees

500,000 Federal fiscal stabilization funds State Appropriations - FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 79 ASU’s net position has more than doubled since 2008 Net position and component units in millions (2008-2021)

$4,000 Net position is the financial position at the $3,500 end of the fiscal year accounting for all $3,000 assets, deferred outflows, liabilities and deferred inflows. $2,500

$2,000 Pension & OPEB $1,500 Unrestricted

$1,000 Restricted

$500 Capital Assets ASU Component Units $0 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21

80 ASU uses 21% fewer resources per degree awarded than the national median

Tuition and state appropriation per degree awarded (FY2018)

$120,000 UC Berkeley Washington UCLA $100,000 Purdue Arizona Utah Colorado Oregon Oregon State Oregon $80,000 Oregon ASU | $62,670

$60,000

$40,000

$20,000

$0 Public very high research universities

81 Source: IPEDS ASU uses 14% fewer resources per degree awarded than the median of universities without medical schools

Tuition and state appropriation per degree awarded (FY2018)

$120,000 UC Berkeley $100,000 Colorado Oregon State Oregon Median Oregon $80,000 Arizona Arizona State

$60,000

$40,000

$20,000

$0 Public very high research universities without medical schools

82 Source: IPEDS Cost discipline, application of technology, and economies of scale are projected to maintain current cost levels E&G expense net of scholarship allowance per FTE ABOR methodology

$18,000 $17,145 $17,000 $16,280 $15,668 $16,000 $17,058

$15,000 $14,359

$14,000 $13,458

$13,000

$12,000

ABOR E&G $11,000 $11,453 Adjusted for 2% Inflation $10,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

83 For 5 years, ASU has operated with about half the staff per student as its peers FTE employees per 100 FTE students (FY2012 - FY2019)

FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Arizona State University 12.91 12.93 12.92 12.85 12.52 12.36 12.90 12.78 Florida State University 15.3 15.8 16.1 16.0 16.1 16.2 16.8 17.5 30 Indiana University-Bloomington 20.1 20.5 20.1 20.8 20.3 20.8 22.1 22.5 Michigan State University 22.7 21.5 21.3 21.6 21.9 22.8 22.9 23.0 25 Ohio State University-Main Campus 24.3 23.0 23.0 22.9 22.7 22.9 23.5 23.5 Pennsylvania State University-Main Campus 28.6 28.8 28.8 29.0 29.6 29.3 30.1 31.7 20 Rutgers University-New Brunswick 23.0 23.9 25.7 25.0 24.7 25.9 29.9 29.9 The University of Texas at Austin 28.8 32.8 26.0 26.7 27.4 27.7 27.2 27.6 University of California-Los Angeles 27.3 26.7 28.4 26.4 26.9 26.7 27.1 29.4 15 University of Connecticut 26.9 28.1 28.3 27.6 27.2 27.9 28.5 26.8 University of Illinois at Urbana-Champaign 24.3 24.4 25.1 25.2 25.2 24.2 24.0 23.9 10 University of Iowa 23.2 23.3 23.5 24.1 24.2 23.5 23.2 23.1 University of Maryland-College Park 24.9 25.8 26.0 27.4 25.5 25.6 25.0 24.5 Peer Median 5 University of Minnesota-Twin Cities 29.6 30.3 30.9 31.2 31.6 31.7 31.9 32.3 ASU University of Washington-Seattle Campus 25.6 24.4 25.3 25.6 21.7 25.6 24.7 24.0 0 University of Wisconsin-Madison 26.4 26.9 26.9 27.6 27.5 27.8 28.0 30.1 '12 '13 '14 '15 '16 '17 '18 '19 Peer Median 24.9 24.4 25.7 25.6 25.2 25.6 25.0 24.5

84 ASU use of space is efficient compared to ABOR peers Space density: Net assignable square footage per FTE

500 Institutions 450 Florida State University 400 Indiana University Michigan State University 350 Rutgers University The Ohio State University 300 Pennsylvania State University University of Connecticut University of Iowa 250 UA ASU University of Maryland 200 University of Minnesota NAU University of Washington 150 University of Wisconsin Northern Arizona University 100 University of Arizona

50

-

85 ASU Foundation is core to long-term health FY10-FY25 performance and projections for new gifts and commitments (in millions)

As of 1/25/21 $450 $413 $400

$350 $300 $289 $290 $300 $275 $280 $253 $250 $213 $222 $222 $198 $200 $171 $149 $150 $135 $101 $100 $87 Projected $50 Actual $0 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25

86 Highlights of the Campaign 2020 Final total: $2.354B

Timeframe of Campaign ASU 2020 July 1, 2010 – Dec. 31, 2020

Donor Count Student Access and Excellence Faculty/Staff Giving • 359,699 unique donors • Raised $375M for scholarships • 75,837 faculty/staff gift count (gave at least 1 gift during campaign) (undergraduate/graduate) • $21.8M raised from faculty/staff • 213,473 first-time donors • Disbursed $269M through ASUF privately- • 4,747 faculty/staff unique donor (first-ever gift to ASU during campaign) funded awards 109% growth in faculty/staff • 59.35% of total donors are first-time donors • Disbursed 76,441 scholarships as ASUF donor count • 107,144 alumni donors privately-funded awards • 65,992 alumni first-time donor count • 40% increase in total scholarship amount (first-ever gift to ASU during campaign) awarded annually (FY11 vs. FY20) • 29.79% of alumni donors/total unique • 22% increase in total number of unique donor count scholarships awarded (FY11 vs. FY20)

Gift Value Faculty Excellence • 2,591,571 in total gift count • $85.5M raised for chairs/professorships • $835 average gift amount • 60 new chairs/professorships established • 39% increase in average gift amount • 53% growth in number of • 88% of all gifts were $100 or less chairs/professorships established • 10,206 gifts were greater than $25,000

87 What It Will Take

88 ASU is a catalyst for Arizona’s economic future

As Arizona leaders plan for a revitalized state economy in 2021 in this reshaped world, ASU is prepared for its next assignment.

89 FY22 Public Investment request: New Economy Initiative

90 Ira A. Fulton Schools of Engineering The largest and one of the most comprehensive engineering schools in the nation

58,000+ 50+ $127M Alumni Graduate degree Research expenditures #1 programs FY 2019-2020 Largest and one of the 8,000 25 60 most comprehensive Online students Undergraduate degree Patents per year programs engineering schools in 5,300 #7 the nation Female students 7 Licenses and Options Transdisciplinary schools 5,200 #6 Under-represented groups #13 IP Disclosures Online engineering graduate 232 programs #5 National Hispanic Scholars Startups 42 #11 218 Online engineering graduate programs for veterans CAREER awards National Merit Scholars in the last 5 years. 13 in 2020 85 #8 embers of the National Bachelor’s degrees awarded Academies and distinguished to Hispanics societies #6 Women as tenure/tenure-track 91 faculty Science and technology centers generate collaboration and innovation

92 Future science and technology centers in new economy industries

93 Arizona’s return on investment toward a stronger economy

94 ASU is prepared to operate and create progress in all realms

95 Component Units

ASU Enterprise will continue to grow and TRIF diversify revenue streams Auxiliary Learner and Other

ASU gross revenues in millions (FY2021-FY2026 projected) Gifts

$7,000 Grants and Contracts Financial Aid Grants $6,000 Summer Session

$5,000 Fees

ASU Online Tuition $4,000 Graduate Tuition $3,000 International Tuition

$2,000 Non- Resident UG Tuition

Tuition Revenues Tuition Resident UG Tuition $1,000 Federal Fiscal Stabilization

$0 State Appropriations FY21: $3.8B$3.6B FY22: $4.2B$3.9B FY23: $4.4B$4.6B FY24: $4.9B$5.1B FY25: $5.8B$5.5B FY26: $6.2B$6.5B

96 Dreamscape Learn / Outdoor Learning / COVID-19

97 New Economy Initiative

98