UNBRIDLED ACHIEVEMENT SMU 2011-12 ANNUAL REPORT TABLE OF CONTENTS 4 | SMU BOARD OF TRUSTEES 2011–12 5 | LETTER FROM THE CHAIR OF THE BOARD OF TRUSTEES 6 | SMU ADMINISTRATION 2011–12 7 | LETTER FROM THE PRESIDENT 8 | THE SECOND CENTURY CELEBRATION 14 | PROGRESS REPORT Student Quality Faculty and Academic Excellence Campus Experience 38 | FINANCIAL REPORT Consolidated Financial Statements Expenditures Toward Strategic Goals Endowment Report Campaign Update Yearly Giving 48 | HONOR ROLLS Second Century Campaign Donors New Endowment Donors New Dallas Hall Society Members President’s Associates Corporations, Foundations and Organizations Hilltop Society 2 | SMU.EDU/ANNUALREPORT In 2011-12 SMU celebrated the second year of the University’s centennial commemoration period marking the 100th anniversaries of SMU’s founding and opening. The University’s progress was marked by major strides forward in the key areas of student quality, faculty and academic excellence and the campus experience. The Second Century Campaign, the largest fundraising initiative in SMU history, continued to play an essential role in drawing the resources that are enabling SMU to continue its remarkable rise as a top educational institution. By the end of the fiscal year, SMU had received commitments for more than 84 percent of the campaign’s financial goals. Thanks to the inspiring support of alumni, parents and friends of the University, SMU is continuing to build a strong foundation for an extraordinary second century on the Hilltop. SMU BOARD OF TRUSTEES 2011-12 LETTER FROM THE CHAIR OF THE BOARD OF TRUSTEES Caren H. Prothro, Chair Gerald J. Ford ’66, ’69 Helmut Sohmen ’66 Civic and Philanthropic Leader Diamond A Ford Corporation BW Corporation Limited Michael M. Boone ’63, ’67, Vice Chair Antonio O. Garza, Jr. ’83 Richard K. Templeton Haynes & Boone, LLP White & Case, S.C. Texas Instruments Incorporated Robert H. Dedman, Jr. ’80, ’84, Secretary James R. Gibbs ’66, ’70, ’72 John C. Tolleson ’70 DFI Management, Ltd. Frontier Oil Corporation (Retired) Tolleson Wealth Management Ruth Collins Sharp Altshuler ’48 Frederick B. Hegi, Jr. ’66 Royce E. (Ed) Wilson Civic and Philanthropic Leader Wingate Management, LLP Attensity Media, LLC Bishop W. Earl Bledsoe ’85 Clark K. Hunt ’87 Richard J. Wood Dallas Area – North Texas Conference of Kansas City Chiefs The Japan Society of New York (Retired) The United Methodist Church Ray L. Hunt ’65 Bradley W. Brookshire ’76 Hunt Oil Company Brookshire Grocery Company EX OFFICIO Gene C. Jones Laura Welch Bush ’68 Civic and Philanthropic Leader R. Gerald Turner Former First Lady of the United States President, SMU Bishop Scott J. Jones ’81, ’92 Pastor Kirbyjon H. Caldwell ’81 Great Plains Annual Conference of José L. Lage Windsor Village United Methodist Church The United Methodist Church President, SMU Faculty Senate Donald J. Carty Fredrick S. Leach ’83 William H. Vanderstraaten ’82 AMR Corporation (Retired) Private Medical Practice Chair, SMU Alumni Board Kelly Hoglund Compton ’79 Paul B. Loyd, Jr. ’68 Adriana Martinez ’12 The Hoglund Foundation PBL Enterprises Student Representative Rev. Mark Craig Bobby B. Lyle ’67 Highland Park United Methodist Church Lyco Holdings Incorporated TRUSTEES EMERITI Gary T. Crum ’69 David B. Miller ’72, ’73 CFP Foundation EnCap Investments, L.P. Edwin L. Cox ’42 Edwin L. Cox Company Linda Pitts Custard ’60, ’99 Rev. Dr. Sheron Covington Patterson ’83, ’89, ’96 Custard/Pitts Land and Cattle Co., LP North Texas Region of The United Methodist William L. Hutchison ’54 Church Hutchison Oil and Gas Corporation Bishop James (Jim) E. Dorff ’72 San Antonio Episcopal Area of Sarah Fullinwider Perot ’83 Cary M. Maguire The United Methodist Church Civic and Philanthropic Leader Maguire Oil Company Frank M. Dunlevy ’71 Jeanne L. Phillips ’76 Cowen & Company, LLC Hunt Consolidated, Inc. Juan L. Elek Carl Sewell ’66 Elek, Moreno Valle y Asociados Sewell Automotive Companies Alan D. Feld ’57, ’60 Bishop Ann Brookshire Sherer-Simpson Akin, Gump, Strauss, Hauer & Feld Nebraska Area – Nebraska Conference of The United Methodist Church 4 | SMU.EDU/ANNUALREPORT LETTER FROM THE CHAIR OF THE BOARD OF TRUSTEES SECTION NAME It is a special time at SMU. This Annual Report highlights the University’s extraordinary progress during 2011-12, the second year of SMU’s centennial commemoration period. It is a snapshot of an institution in Lmotion.orem ipsum dolor sit amet, consectetur adipiscing elit. Cras risus mi, In one important measure of progress, the average SAT score of incoming first-year students incongue fall 2011 reached sed 1269,euismod setting a newvitae, record. gravida The rise, supported at neque. by donor contributionsUt magna nisi, sagittis nec for merit-based scholarships, takes SMU closer to reaching the University’s announced goal oflobortis an average SATeget, score cursusof 1300. sit amet arcu. Cras eu mauris et erat suscipit cursus. During 2011-12 SMU also received support for new faculty positions, another key component of academic quality. Talented facultyPellentesque members both impartmalesuada and create knowledge, molestie and increasing magna, the number ut temporof endowed facultyelit positions elementum is of central a. importance if SMU is to rank higher among the nation’s top educational institutions. Phasellus mollis quam ac tellus aliquam nec tincidunt nisi consectetur. This spring the University embarked upon a new major phase of campus development in fulfillment of SMU’s Centennial Master Plan. Up-to-date facilities support accomplishment in every area of endeavor, and these construction and renovation projectsPellentesque will ensure that a both nunc students et and metus faculty members facilisis have dignissimthe tools necessary accumsan for achievement velwell intoarcu. the future. Proin As part of SMU’s centennial commemoration period, the University commissioned a study of its unique contributions todictum Dallas-Fort malesuadaWorth, titled The Powerrisus, of Partnership: in euismod SMU Community mauris and Economic luctus Impact ac. Report. Nam I want tovenenatis take this opportunity to thank Mike Boone ’63, ’67, vice chair of the Board of Trustees, for his leadership in the creation of the report,hendrerit which also massa emphasizes nec how SMUmattis. can play Morbi a vital role sedin the nisiregion’s justo, future. in eleifend. None of these accomplishments would have been possible without the generous contributions of donors as well as the dedication of others who care deeply about the University. Great credit goes to President R. Gerald Turner and his administrative team. In addition, as chair of the Board of Trustees, I would like to express my deepest appreciation for the time, talents and commitment given by all of my fellow board members, especially those whose terms ended in May 2012. You have the profound gratitude of the University community for all you have done to ensure a bright future for SMU. CAREN H. PROTHRO Chair, Board of Trustees LOREM IPSUM DOLOR SIT AMET Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam ac ante et lacus scelerisque imperdiet. Nulla gravida porttitor varius. Vestibulum placerat commodo iaculis. Pellentesque lobortis interdum { magna eu tincidunt. Commodo iaculis. SMU 2011–12 ANNUAL REPORT | 5 SMU ADMINISTRATION 2011–12 LETTER FROM THE PRESIDENT R. Gerald Turner John B. Attanasio President Judge James Noel Dean and Professor of Law Judge William Hawley Atwell Chair of Constitutional Law Paul W. Ludden Dedman School of Law Provost and Vice President for Academic Affairs José Antonio Bowen Thomas E. Barry Dean and Algur H. Meadows Chair Vice President for Executive Affairs Meadows School of the Arts Brad E. Cheves David J. Chard Vice President for Development and External Affairs Leon Simmons Endowed Dean Annette Caldwell Simmons School of Education and Human Development Michael A. Condon Chief Investment Officer and University Treasurer William B. Lawrence Dean Steve Orsini Perkins School of Theology Director of Athletics Gillian M. McCombs Christine C. Regis Dean and Director Vice President for Business and Finance Central University Libraries Paul Ward Albert W. Niemi, Jr. Vice President for Legal Affairs and Governmental Relations Dean and Tolleson Chair in Business Leadership General Counsel and Secretary Cox School of Business Lori S. White Geoffrey C. Orsak Vice President for Student Affairs Dean Lyle School of Engineering James E. Quick Dean of Graduate Studies Associate Vice President for Research William M. Tsutsui Dean Dedman College of Humanities and Sciences 6 | SMU.EDU/ANNUALREPORT As of May 31, 2012 LETTER FROM T H E PRESIDENT SECTION NAME The 2011-12 academic year was marked by a significant increase in SMU’s visibility both in the University’s profile as an institution and as a result of ongoing enhancements to our special campus. orem ipsum dolor sit amet, consectetur adipiscing elit. Cras risus mi, LThe Second Century Celebration, which commemorates the centennials of SMU’s founding and opening, seemed a fitting time to report on the University’s long and successfulcongue partnership sed euismod with the Dallas-Fort vitae, Worth gravida region. For atthat neque. reason, in April Ut SMU magna nisi, sagittis nec published The Power of Partnership: SMU Community and Economic Impact Report, outlininglobortis the manyeget, ways cursus that the University sit amet serves DFWarcu. as a Crasresource. eu mauris et erat suscipit cursus. Growing numbers of educational initiatives, such as the new Engaged Learning