Report to Investors

Contents

Leadership Gifts 1

The Wharton Fund 16

MBA Classes 38

Friends, Parents and Family Foundations 86

Corporations and Foundations 93

Undergraduate, Masters and Doctoral Programs 102

Tribute Gifts 109

Gift Planning 114 Leadership Gifts

Visionary Leaders Joseph Wharton gave the Trustees of the University of Pennsylvania $100,000 worth of railroad stock and mortgage bonds in 1881, to establish the world’s first collegiate business school. Today, the Wharton School continues to rely on the generosity of visionary leaders to support its vast global activities. Leadership gifts to the Wharton School follow the example set by our founder in supporting the research enterprise and academic programming, technology enhancements and other critical financial needs. the President’s Circle Leadership Gifts

Gifts of $1 Million and Above

Giving at the President’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.

Anonymous (6) Phyllis S. and William L. Mack, W’61 Patty and Jay H. Baker, W’56 William and Phyllis Mack Family Foundation Pat and Jay Baker Foundation Lisa and David J. Matlin, W’83 Dahlia and Arthur H. Bilger, W’75 Aditya Mittal, W’96, and Megha P. Mittal, W’97 Bilger Foundation Michael Moh, W’92 David S. Blitzer, W’91, and Allison J. Blitzer, C’91 Larry & Celia Moh Foundation Norine I. and Geoffrey T. Boisi, WG’71 Diane J. and John Patience, WG’73 Jerome F. Dean, W’75 Marc J. Rowan, W’84, WG’85 James G. Dinan, W’81 and Elizabeth R. Miller Rowan Family Foundation Jacalyn C. and William P. Egan II, WG’69 His Excellency Sheikh Nahayan M. Al Nahayan Joshua J. Harris, W’86 Diane I. Spilker, W’87, and Marc A. Spilker, W’86 Joshua and Marjorie Harris Family Foundation Richard M. Tsai Higher Colleges of Technology Wan-Tsai Tsai John Idol Lauren G. Turner, W’85, and Kenneth R. Idol Family Foundation “Bobby” Turner, W’84 Bruce I. Jacobs, G’79, GR’86 Margaret O. and Jerome A. Turner, W’57 Tayeb Kamali Catherine P. and Randall J. Weisenburger, WG’87 Joel A. Lang, W’55, WG’58 Dorinda and Mark Winkelman, WG’73 Diane v.S. and Robert M. Levy, WG’74 Emil K. Woods, W’94 Kenneth N. Levy, WG’76, G’82 Barbara Ziegler † Marie O. and Barry R. Lipman, W’70

† Indicates deceased

2012 Annual Report to Investors 2 the Director’s Circle Leadership Gifts

Gifts of $500,000 to $999,999

Giving at the Director’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.

Anonymous (6) Gloria M. and William H. Lawrence, W’83 Altus One Fund, Inc. Nancy and Howard S. Marks, W’67 Arbor Commerical Mortgage LLC Manuel V. Pangilinan, WG’68 Jeff T. Blau, WG’92 Jaime Peisach, W’88, and Silas K. Chou Cheryl Peisach, W’87 Robert I. Glass, WG’58 James Riady Bennett W. and Cynthia R. Golub, W’76 Anthony Salim Golub Family Fund Salim Group David J. Haemisegger, WG’81, and Nancy Nasher Elena K. and Scott L. Shleifer, W’99 Pasi M. Hamalainen, EE’92, W’92, G’93 Rhona R. and Richard L. Thompson, WG’96 Lara E. and Anthony R. Ignaczak, W’86 University of Pennsylvania USA Foundation Limited Jonathon S. Jacobson, W’83, and Wells Fargo Social Responsibility Group Joanna M. Jacobson, C’82 Steven C. Witkoff Jacobson Family Foundation Arthur M. Wrubel, W’87 Jeffrey S. Katz, WG’71 and Beth Rogers Ivan P. Kaufman

† Indicates deceased

2012 Annual Report to Investors 3 the Executive’s Circle Leadership Gifts

Gifts of $100,000 to $499,999

Giving at the Executive’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.

Anonymous (19) Becky M. Elrad, W’89, and Paul K. Kelly, C’62, WG’64, and Erika and Jay B. Abramson, W’83, L’86 Michael A. Elrad, W’89 nancy Lee B. Kelly David Altshuler, WG’93, and Sebastian Escarrer, WG’93 Kelly Family Foundation sharman B. Altshuler, V’96 Wendy J. Finerman, W’82 Rene M. Kern, G’90, WG’90 Sharman & David Altshuler Randy C. and Jay S. Fishman, W’74, WG’74 Brian Kwait, WG’88 Advised Fund Fishman Family Foundation Bonnie A. Larson Revocable Trust Joseph G. Ansanelli, W’92 David N. Fleischer, C’70, WG’76, and Marc J. Leder, W’83 Lawrence G. Babin, W’70 Judith M. Fleischer, WG’76 Leder Family Foundation, Inc. Venkat. H. “Vinnie” Badinehal, WG’96 Goldman Sachs Charitable Gift Lorraine and Ken Levy Bank of America Corporation Goldman Sachs Gives Rosy and Daniel E. Levy, C’87, W’87 Ron Baron The Goldman Sachs Group, Inc. Elaine A. and Stephen E. Lewis, WG’65 Baron Capital, Inc. Vidya and Sanjay Govil, WAM’08 Lannie L. and Howard A. Lipson, W’86 Mohamed B. Bassatne, WG’89 Sanjay Govil Foundation Patricia C. and Nicholas Lobaccaro, W’91 Bassatne Association for Charity Michael S. Gross William T. Lockard, WG’84, and Shelley A. and Grant G. Behrman, WG’77 Vicki Panzier Gross, W’87 Alix Marduel Milton R. Berlinski, WG’80 Mehmet Habbab, W’65, WG’67 Frederic Mack Amy and Andrew G. Bluhm, W’88 Sami Habbab, W’98 Richard J. Mack, W’89 Susan B. and Carl E. Bolch, Jr., W’65 Mary and Robert M. Haft, W’74 Patricia and John T. Magliocco, W’64 Bruce W. Brownstein, W’80 Heckscher Foundation for Children Claude M. Marion, WG’80 Bulldog Ventures, Limited Andrew M. Heller, WG’79 Mars Belgium NV CDVSJ Foundation Hertz Corporation James B. McElwee, WG’76 Citi Foundation Boris Hirmas Said Michelson Medical Research Claude and Sofia Marion Foundation William F. Holekamp, WG’72 foundation, Inc. David A. Cohen Holekamp Foundation Gary Michelson Arthur D. Collins, Jr., WG’73 Cathey S. and Donald D. Humphreys, WG’76 Mindy and Ira M. Mitzner Collins Family Foundation Brynn and Peter Huntsman Kenneth D. Moelis, W’81, WG’81, and Jonathan J. Coslet, W’87 Jon and Karen Huntsman Foundation Julie T. Moelis, W’81 Roger Crandall, WG’02 Karen C. and Jon M. Huntsman, W’59, H’96 Edward A. Mule, W’84, WG’84 Anthony L. Davis, G’97, WG’97 Marie L. Hurabiell, L’96 Mule Family Foundation Gary S. and Ellen S. Davis, W’85 Ira M. Mitzner 2004 Revocable Trust NCsoft Ellen and Gary Davis Foundation William M. Jewett, WG’86, and Roy S. Neff, WG’76, and Rosa R. and Carlos M. de la Cruz, patricia Jewett Rosalind S. Neff, WG’76 W’62, WG’63 Evan Jones, WG’83 New Visions Irrevocable Trust Susan and Michael A. Delaney, WG’82 Evan and Cindy Jones Foundation Pacific Gas &E lectric Company Faquiry Diaz, C’97, W’97 Kadrovach-Duckworth Foundation Palermo-Ravich Revocable Trust Albert F. Dombrowski, WG’93 Michael Kao, WG’97 Simon D. Palley, WG’83, and Thomas and Connie K. Duckworth, WG’79 Beth J. Kaplan, W’80, WG’81 Midge Palley, WG’83 Alberto I. Duran, WG’93 Jeffrey M. Kaplan, W’87, and Lisa A. and Richard C. Perry, W’77 Adolphus O. Ehrlich, W’32 Robin H. Kaplan, C’91 Perry Capital

† Indicates deceased

2012 Annual Report to Investors 4 The Executive’s Circle LEADERSHIP GIFTS

Santo Politi, WG’97 Marcia W. and Paul W. Soldatos, WG’74 Lea and Barry A. Porter, W’79 Sovereign Bank Emily S. and David S. Nancy and Geoffrey L. Stack, WG’72 pottruck, C’70, WG’72 Nancy & Geoffrey Stack Family Foundation David & Emily Pottruck Fund Christopher C. Stavrou, WG’67 Sharon and Scott S. Prince, W’85 Patrick Sun, W’81 Prince Family Foundation Rachel and Jeff Sutton, W’81 Mandakini Puri, WG’86 Jeff Sutton Charity Fund Stacey D. and William J. Quinn, W’92 Tinah and Sukanto Tanoto, WF’01 Quinn Family Foundation Tanoto Foundation Quinn Family Fund Karen G. Tarte, W’84, and Scott Tarte, C’84 Clifford I. Rackson, W’81, WG’82 Andrew I. Trader, W’91, WG’99 Jess M. Ravich, W’79, WG’79 Charles P. Turlinski, WG’71 Staci and Eric G. Reiter, W’97 Urban Outfitters, Inc. Saul B. Rosenthal, W’90 Tina and Michael A. Weinstock, W’82 Robert L. Rosner, WG’85 Loralee and Alfred P. West, Jr., WG’66 John M. Roth, W’80, WG’80, and R. Graham Whaling, WG’88 lauren Razook Gregory A. White, WG’80, and Neil L. Rubler, WG’98, and Mindy G. White, W’80, WG’81 Allison M. Rubler, C’93 Thomas K. Whitford, WG’82, and Robert S. Rubler, C’58, D’62 Margaret B. Lehr, C’76, WG’82 Sap America, Inc. Mary and Scott A. Wieler, WG’87 Monica Sasson, C’91 Wieler Family Private Foundation Denise and Andrew M. Saul, W’68 Willis Re, Inc. Samuel C. Schwab, W’73 Robert Wolf, W’84 Schwab Fund Robin S. and Marc B. Wolpow, W’80 Joyce E. and Richard C. Schwartz, WG’87 Marc and Robin Wolpow Family Fund SEI Investments Company Evelyn Wu, W’02 Jerry M. Seslowe, WG’69 Vivian Wu, C’94, W’94 Catharine D. Sharpe Charitable Trust Winston Wu, W’02 Sholk-Kaplan Family Philanthropic Fund Diana D. and James E. Yacobucci, WG’74 Lydia P. and Douglas W. Shorenstein Lydia & Doug Shorenstein Foundation, Inc. Ravi Sinha, WG’89 Richard L. Smithline, W’81

† Indicates deceased

2012 Annual Report to Investors 5 Investors Leadership Gifts

Gifts to $99,999 Giving at the Investors’ level reflects outright gifts to restricted funds.

Anonymous (29) American Value Partner AXA Foundation Arya Abedin, WG’12, G’12 Amerimar Realty Company AXA Foundation Fund Aberdeen Asset Management Amgen, Inc. AYCO Corporation Riya Abraham, ENG’08, W’08 Amtrak Andrew R. Bacas, WG’91 Sergio D. Abramovich, WG’99 The Andalex Group Bacas Family Foundation, Inc. Lisa M. and Steven M. Abramowitz, W’85 William M. Andersen, WG’83 Howard D. Bailin, W’54 Accenture Ltd. Angelo, Gordon & Company Christian Baillet, WG’75 Amachie K. Ackah, WG’00 Anheuser-Busch Companies, Inc. Bain Capital LLC Ackman-Ziff Real Estate Group, LLC Anne/Michael Connelly Foundation Bain & Company, Inc. Across Bridge Network, Inc. Antheus Capital/MAC Property Charlotte P. and Houston A. Baker ACTA Realty Corporation Aon Corporation Jeffrey W. Baker, WG’85, GAR’86, GCP’89 Actuaries Club of Philadelphia Apax Foundation Vikram D. Bakhru, WG’09 Mia R. Adelberg, C’02, L’06, WG’11, G’11 Matthew B. Apfel, L’90 and Daniela A. Ballard, G’94, WG’94 Dean S. Adler, W’79, L’83, and Jacqueline D. Reses, W’92 Ballard Spahr Andrews & Ingersoll, LLC susanna E. Lachs, CW’74, ASC’76 Apollo Management LP Ballymore Company, Inc. Susanna Lachs & Dean Adler Apollo Real Estate Advisors LP Ballyshannon Partners, LP family Charitable Fund Applied Predictive Technologies Derek and Deepak Advani, WG’98 Yarom D. Arad, WG’95 Bonnie Miao Bandeen, C’80, WG’85 Nathan I. Agam, ENG’99, W’99 ARAMARK Corporation Bank of New York Mellon Achal Agarwal, ENG’95, W’95 Arden Group The Bank of Tokyo-Mitsubishi UFJ, Ltd. Air Products and Chemicals, Inc. AREA Property Partners Barclays Capital Syed H. Akbari, W’06 Robert J. Aresty, W’63 Paul S. Barrett, WG’65 Akerman Senterfitt Argosy Real Estate BASF Corporation Laura J. Alber, C’90 Izhar Armony, G’97, WG’97 Baupost Group LLC Alcoa Foundation Arnall Golden Gregory LLP Jay R. Beaulieu, WG’98 Douglas A. Alexander, EE’83, W’83 Alan C. Arnold Jr., WG’02 Paul J. Bednarski, W’70 Alex Brown Realty Inc. Michael B. Aronson, W’78 Paul Joseph Bednarski Trust Andre-Matias Alfaro, WG’12 Theodore R. Aronson, W’74, WG’75, and Dana D. Behar, WG’89 Alliance Partners Barbara B. Aronson, CW’74 Albert P. Behler Allianz AG Aronson+Johnson+Ortiz LP Howard M. Behr, WG’01, G’01 Allianzgi of America, L.P. Artemis Real Estate Partners, LLC Jessie M. Beller, C’00 Allstate Insurance Company Howard Arvey Robert B. Bellinger, WG’89 Michel M. Al-Moumen, C’11, W’11 Arvey Foundation Belvedere Capital Richard M. Alpher Matthew K. Asada, C’02, W’02 Bemis Company, Inc. Timothy J. Alston, W’72 Asahi Kasei Plastics NA, Inc. Deborah D. Bennett, WG’87, and Alvarez & Marsal Real Estate ASB Capital Management LLC Alan R. Braxton, WG’87 Advisory Services LLC Susan R. Asch, EAS’84, W’84 Allison L. Berey, G’94, WG’94 Gabriela M. Alvarez-Pagola, G’94, WG’94 Ashforth Pacific, Inc. Allan J. Berger American Academy of Actuaries Asplundh Foundation Max M. Berger, C’77 American Air Liquide Samir Assaad, G’97, WG’97 Paul I. Bergman, C’02, W’02, G’04, WG’04 American Express Company Eliav I. Assouline, W’95 Robert A. Bergmann, W’88, and American Insurance Association AstraZeneca PLC nancy C. Bergmann, C’89 American Land Management Robert J. Atkins, WG’59 Jeffrey A. Berkman, W’63 American Life, Inc. Larry S. Auerbach Joy M. and Howard R. Berlin, W’57

† Indicates deceased

2012 Annual Report to Investors 6 Investors LEADERSHIP GIFTS

Dorrit Bern The H.L. Brown, Jr. Family Foundation Camilo R. Cepeda, G’03, WG’03 Adam K. Bernstein, W’85, and Sidney Brown, W’38 Deborah A. and tracy M. Bernstein, C’88 Annabelle E. Brown-Fowlkes, WG’99 Robert J. Chalfin, W’78, WG’78 R.J. Berrier, Ltd. Brown Shoe Company, Inc. Risa M. Chalfin, C’08 William R. Bintzer, WG’79 Andrew R. Brownstein, W’75, WG’76, and Robert J. and Deborah A. Chalfin BlackRock Financial Mangement, Inc. elise J. Brownstein, CW’76 family Foundation Blackstone Group LP Elise and Andrew Brownstein Charitable Trust Dan C. Chamby, WG’88 Alain D. Blanc Brude, WG’75 Mathew Brownstein Christopher Chaney Laurie K. and Robert Z. Bliss, W’82 Adam Brownstein Trust Hae-Gin Chang, ENG’10, W’10 Adele G. Block, CW’38 Jason Brownstein Trust Ling S. Chang, EE’92, W’92 James A. Block, WG’94, and BTG Pactual US Asset Mei-Hsin J. Chang, ENG’94 heidi J. Block, WG’95 Management Corporation Nelson A. Chang Adele and Leonard Block Foundation, Inc. BTG Pactual US Capital Corporation Stephanie S. Chang, W’88, WG’94 Jacqueline and David L. Blumberg, WG’90 The Buccini/Pollin Group, Inc. Craig B. Channer, WG’04 Roger A. Blumencranz, W’59 Linda M. Buchheit, GED’91 David Th Chao, WG’05 The Boeing Company Buckingham Capital Management, Inc. Stanley S. Chaplin Holger H. Boerner, G’06, WG’06 Alfred J. Buescher, W’48 Charles Schwab & Co., Inc. Gil J. Bonwitt, W’87 Build-A-Bear Management Charming Shoppes, Inc. Elise & Gil Bonwitt Philanthropic Fund John M. Burdick Loong Chen, MTE’95, W’95 Annette P. Borish, CW’41 Burdick Gallery Teresa Chen, ENG’07, W’07 Robert Bosch LLC Martin S. Burger, W’87 Richard G. Cheong The Boston Consulting Group, Inc. Daniel D. Burns, ENG’90, W’90 Ferdinand S. Cheuk, W’96 Joseph Andrew Boswell, ENG’99, W’99 Burns & McBride, Inc. Jeffrey T. Cheung, ENG’87, W’87 Robert N. Boucai, W’97 Business & Nonprofit Strategies, Inc. Chevron Products Company Shelly L. Boyce, WG’95 Joseph R. Buthorn, WG’96 Jerry Chi, WG’12, G’12 BPG Properties LTD Harmon P. Butler, W’54 Katherine Shen and Lynde and Harry Bradley Foundation Kaifan Cai, WG’11 pei-Yuan Chia, WG’65 Katherine W. Wu Brady, ENG’01, W’01 Scott S. Calidas, ENG’00, W’00 Vivian Chiang Erica B. Bramer, G’00, WG’00 John F. Campbell, W’82, EAS’82 Yon K. Cho, W’84 Brandywine Global Investment Campus Apartments, Inc. Sonya P. and Abhijit Dev Chodry, W’94 Management, LLC Matthew M. Capers, W’09 Don S. Choe, ENG’90, W’90 Brandywine Operating Partnership, LP Capital One Services, Inc. Mary Sun Chou, W’85, C’85 and Brandywine Realty Trust Capital Trust, Inc. Arthur C. P. Chou, ME’84 Clinton T. Brass, WG’02 Edward L. Carey, Jr., WG’85 Celia Chou B. Braun Medical, Inc. W.P. Carey & Co. LLC P.C. Chou Family Foundation Brause Realty, Inc. Cargill, Incorporated Joseph J. Chu, W’98, WG’07 Melanie E. Breaux, L’07, and Richard B.W. Carney, Jr., WG’61 Chubb & Son, Inc. Justin H. Flax, G’08, WEV’10 Carpenter Technology Corporation CIGNA Corporation Susan C. Brenman James P. Carreras, Jr., WG’65 Circle Management Company Alex S. Bresler, W’06 Brian & Melinda Carroll Charitable Gift Fund Richard J. Cisek, EE’93, WG’07 Frances F. and Leo D. Bretter, W’56 Melinda and Brian F. Carroll, ENG’93, W’93 Citigroup Inc. Marie C. Bridy Peter J. Carroll, W’52 Michael P. Ciuchta, WG’90 Bonnie Brier Melinda T. Carswell, W’86 The Clorox Company Ira Brind, C’63, L’67 Marco C. Carvalho, WG’00 CNA Insurance Companies Susan J. Briskin Michael Castagna, WG’05 Coghill Capital Management Toby Briskin Michael N. Castellano, W’73 David L. Cohen, L’81, and Broadway Real Estate Partners LLC Catalyst Real Estate, LLC Rhonda R. Cohen, L’80 Michael S. Brodsky, W’88 Carol A. Catto, WEV’00, G’02, G’08 Jeffrey H. Cohen, W’85, and Brookdale Realty Services LLC CBRE Clarion Securities lisa Block Cohen, C’85 Brookfield Properities Corporation Cedar Realty Trust Hedy S. Cohen, WG’78, and H.L. “Robin” Brown III Centerbridge Partners Morris A. Cohen

† Indicates deceased

2012 Annual Report to Investors 7 Investors LEADERSHIP GIFTS

John T. Colas, W’84, and Lauren R. Davidson, C’02 EFH-Luminant dorcas Lee Colas, C’74 Stephen R. Davidson, W’06, WG’07 Matthew J. Ehmer, ENG’05, W’05 Joel C. Coleman, W’52, L’55 Estate of Warren S. Davis, WG’38 Stuart C. Eichert, ENG’99, W’99, GEN’99 Joel and Lois Coleman Foundation Daymon Woldwide, Inc. Alexander W. Eifler, C’04 Comcast Corporation Harold De Neef, WG’05 Karen Eifler, ENG’03, W’03 Richard J. Comizio, W’87 Dechert LLP Eric M. Eisenstein, W’92, ENG’93, G’00, Matthew M. Commons, C’01, W’01 Shelly H. and Michael E. Dee, W’81 GRW’02, and Debra S. Eisenstein, V’01 Eugene R. Conahan, WEV’86, WEV’89 Michael A. & Susan Gavoor Delaney Elizabeth H. Elfman, C’09 Robert T. Coneybeer, WG’96, and Charitable Gift Fund Eric M. Elfman, W’75, WG’76 Alice P.D. Coneybeer, G’95 Deloitte Consulting Susan and Joel E. Elfman, GD’84 David J. Congdon, WG’87 Deloitte Services LP Charles L. Elliott, WG’03 Connecticut General Life Insurance Company Tobias A. Dengel, ENG’94, W’94 Elm Tree Funds Anne and Michael J. Connelly, WG’76 The Depository Trust & Clearing Corporation Deborah B. and Martin H. Elrad, W’61 Consolidated Edison Company of NY, Inc. W. L. Derby, C’61, WG’65 Elsevier Science USA Contact Singapore Alexandria R. Derby-Schenk, C’99 Frederic G. Emry, W’61 Convergent Capital Partners Robert F. DeRito Endurance Reinsurance Corp of America Edward W. Cook, WG’90 Henry Frederick Detering, G’04, WG’04 E-Polos of Dallas Craig F. Cook, WG’85 Deutsche Bank Eppendorf Cooper Industries, Inc. Deutsche Bank AG Jay A. Epstien Patricia D. Cope, W’79 Isaac I. Devash, WEV’88 Equity Group Investments Corday Family Foundation Piero D. Di Capua, WG’76 Equity Industrial Partner Corporation Ernesto Cordera, WG’77 Dick’s Sporting Goods Equity Office Properties Trust CoreNet Global, Inc. Robert S. Dinerman, W’78 Ernst & Young LLP Laurence D. Cornell, WG’86 DLA Piper Ariel Etcheverry Corporate Executive Board DLJ Real Estate Capital Partners, LLC Amy Etherington Anthony M. Corriggio, ENG’91, W’91, WG’99 Fiona Julie Dodd, WG’05 European Hotels Corporation, Ltd. Karen and Charles M. Couric, WG’73 Sarah H. Dong, ENG’06, W’06, WG’11, GEN’11 European Investors, Inc. Cozen O’Connor Kevin F. Donohoe Company, Inc. Exelon Corporation Credicorp Bank Dotmenu, Inc. Exxon Mobil Corporation Credit Suisse George E. Doty, W’76, and Lee S. Doty, W’76 Roger N. Farah, W’75 Criterion Real Estate Capital Doty Family Foundation Farmers Group, Inc. Crown Cork & Seal Company, Inc. The Dow Chemical Company Eli S. Faskha Froimzon, ENG’93, W’93 C.T. Partners Dow Chemical Company Foundation Anna Fateeva-Berenfeld, G’97, WG’97 CUNA Mutual Insurance Society Brian K. Downey, ENG’09, W’09 FedEx Corporation William H. Cunningham, WG’84 James C. Dragon, WG’79 Federal Reserve Bank of Philadelphia John J. Curry, WG’86 The Dress Barn, Inc. Foundation Federal Reserve System Curry Realty Company Peter M. Drittel, WG’83, and Alan H. Fein, W’76 Cushman Wakefield Sonnenblick-Goldman LLC Jane C. Drittel, W’83 Meryl H. Feintuch, W’74, and Richard D. Walter Czarnecki, WG’10, G’10 DRW Trading Group feintuch, W’74 Richard D’Avino, W’77, L’80, and Brian J. Duffy, CHE’63, WG’67 Richard D. Feintuch, W’74, and pamela J. Murphy, L’79 Blair M. Duncan, WG’85, L’94 Meryl H. Feintuch, W’74 Peter A. Daley, EE’98, W’98 Lili B. Dung, G’87, WG’87 Robert Feitler, W’51 John H. Dalton, WG’71 Dunnhumby USA, LLC Alan F. Feldman, WG’90 Michael S. Dana, WG’85 Anthony N. Durso, WG’61 David J. Feldman, C’80 Philip M. Darivoff, W’79, WG’85, and Andrew L. Dworkin, C’81 Suzanne S. and Steven M. Feldman, W’84 Besty Marks Darivoff, C’79 Sean A. Eagle, WG’99, and Marc S. Felman, WG’88 Alice Davenport susan Y. Eagle, WG’99 Michelle K. Felman, WG’88 Patricia E. Davenport, CW’73 Eastdil Secured, LLC Laurel E. Fensterer, ENG’96, W’96 Elizabeth R. and William C. Davidson, W’68 eBay, Inc. Thomas R. Ferguson III, WG’87, and Elizabeth and William Davidson Family EdVenture Partners Julia E. Ferguson, WG’86 Charitable Fund Edward J. Minskoff Equities, Inc. Gabriel E. Fernando, ENG’11, W’11

† Indicates deceased

2012 Annual Report to Investors 8 Investors LEADERSHIP GIFTS

J. Robert Ferrari, WG’62, G’64 Richard A. Fuchs, EAS’80, W’80 Goldring Family Foundation Debra Fickler, L’82 Mr. E. Kenneth Furst Goldstar Group Joseph Fidanque, Jr., W’62 Jill E. Schwartz, G’01, WG’01 Glenn J. Goldstein, ENG’03, W’03 Fidanque Hermanos & Hijos SA Marni S. Gaer, C’88, and Joel S. Goldstein, W’76, and Fidelity Investments samuel H. Gaer, W’88 susan A. Goldstein, W’76 Christopher C. Fikry, M’04, WG’04, WG03 Galbreath & Company Emma and Frederick M. Goltz, C’93, W’93 Financial Engines Galeria Kaufhof GMBH Frederick M. and Emma J. Goltz Cynthia K. and Ralph Finerman, W’56 Kimberly N. Gallant, ENG’08, W’08 Revocable Trust Karen L. Finerman, W’87 and David L. Gallo, W’95 Ashton and James R. Goodfield, C’84, WG’90 lawrence Golub Leonard R. Ganz, W’65, and Stephen M. Goodman, W’62, L’65, and Karen Finerman Charitable Gift Fund Roberta Widman Ganz, MT’77 Janis L. Goodman, G’89, SW’91, Jerry E. Finger, W’54 Susan J. Ganz, WG’88 and SWP’05Google, Inc. Carol and John Finleu Fund howard P. Sugarman, WG’93 Ronald B. Gordon, W’64, and FINRA Investor Education Foudation Stephen J. Garchik, W’75, WG’76 Claire Israel Gordon, CW’64 First American Title Insurance Company Garchik Family Foundation Sara Gordon, CGS’02, G’04 First Niagara Stavros Gatopoulos Victoria S. and David Carl Gottlieb, W’86 First Trust Bank Leigh and Carol M. Gatton, WG’58 Madhan P. Gounder, W’03 Julie S. and Wayne S. Firsty, EAS’85, W’85 Bill Gatton Foundation William T. Grant Foundation Alexander E. Fisher, W’62 Gazit Group USA, Inc. Grant-Thornton Scott A. Fisher, C’76, G’76 Shirley Gee Patricia C. Graue, G’07, WG’07 Flagship Properties, LLC Steven C. Gee, WG’83, and Betsy J. Green Thomas J. Fleisch, WG’81 teresa Tong Gee, W’84 Richard J. Green, L’77, WG’78 Debbie J. Fleischer, W’84 Debra and Keith B. Gelb, W’92 William and Elyse G. Greenbaum, WG’80 Elisabeth C. and Charles M. Fleischman, WG’86 Gem Capital LLC Greenberg Traurig, LLC Charles & Lisa C. Fleischman Family Foundation General Mills, Inc. Julia and Joel M. Greenblatt, W’79, WG’80 William J. Florence, III, WG’90, and General Motors Corporation Geoffrey S. Greener, W’86, WG’87, and Joy V. Seppala, WG’89 Jennifer R. Germain, C’94, and Melissa R. Greener, C’86 Factory Mutual Insurance Company paul E. Germain, W’93 Rita Greenfield Holly J. Fogle, C’96, W’96 Asim Ghosh, WG’70 Beth A. and David J. Greenwald, W’80 Richard L. Fogler, W’67 C. Craig Gile, WG’94 David and Beth Greenwald Family Fund Fortis, Inc. Stephen J. Gilhooly, W’74, WG’75 Manya K. Greif, CW’65 Foot Locker, Inc. Hilary Gillman Stephen J. Gresdo, W’96 Lucille Ford Jeffrey E. Ginsberg, W’86, and Maura L. Griffin, WG’93 Ford Foundation Jane M. Smith, WG’90 Janelle J. and Michael D. Grimes Forest City Ratner Companies Stanley C. and Susan Clayman Glantz, W’82 Michael and Janelle Grimes Fund Marilyn Frank Sandra and Kenneth S. Glass, W’82, EE’82 John R. Grimm Todd M. Freeman, WG’87, G’87 William H. Glazer, C’90 Robert S. Grodinsky, C’47 L’50, and Neil M. Freemer Elizabeth K. and Bruce H. Gleason, W’57 leba P. Grodinsky, OT’51 Fremont Group Foundation Edward A. Glickman EAS’78, W’78 W.T. Groome Fremont Realty Capital, LP Pamela M. and Robert B. Goergen, WG’62 Catherine Bonnier Grossman, WG’80 Freudenberg-Nok Goergen Foundation Doris M. Grossmann William Frey Asaf Gola, EAS’93, W’93 Frank Grosso David Friedman, C’78 Rita S. and Alan J. Gold, W’55 Grundfos Pumps Corporation David Friedman Private Foundation Allison R. Goldberg, W’98, and Guggenheim Securities Eric G. Friedman, ENG’07, GEN’07, W’07 Joshua Goldberg, C’98 Mauro Guillen and Sandra Suarez Leo and Kathryne Friedman Trust Bonnie J. and Gary R. Goldberg, W’81 Kunal Gupta, ENG’04, W’04, WG’12 Steven J. Friedman, C’10, W’10 Steven M. Goldblatt, ENG’92, W’92 Vikram Gupta, W’98, and Laura Lee Stewart Friedman Golden Tree inSite Partners Vivake Gupta, WG’06 Stephen A. Fromm, EE’86, W’86 Gold Family Foundation Eyal Gura, WG’08 FTI Consulting Jay G. Goldman, W’79 Ellen S. and Robert G. Gutenstein, W’55 Alexandra J. Fuchs, G’96, WG’96 Gary F. Goldring, W’78, WG’79 Robert G. and Ellen Gutenstein Foundation

† Indicates deceased

2012 Annual Report to Investors 9 Investors LEADERSHIP GIFTS

Joseph Gyourko James M. Ho, WG’87 Andrew H. Jacobson, WG’93, and H2 Company, Inc. John L. Ho, W’79, WG’82, and Marina K. Jacobson, G’93, WG’93 Spencer B. Haber, W’89, WG’91 Maria C. Ho, W’81 Sachin Jade, WG’12 Kirk S. Hachigian, WG’86 Hogan Lovells US LLP David R. Jaffe, C’81, W’81 Hackberry Endowment Partners Hoglund Foundation Jamestown Properties Sam E. Haddad, WEV’93 John J. and Edna M. Holahan Fund Scott D. Janzen, WG’87 Haddad Apparel Group, LTD. Honeywell, Inc. Carmen Jap, W’99 Gloria G. Haft Dannie C. and George K. Hongchoy, WG’91 JBG Properties Haier Group David M. Hopkins, WG’65 Jean Madeline-Aveda Institute Jean K. Hamburg Carol A. and James W. Hovey, W’67, GCP’72 C.D. Jensen Neil J. Hamburg, W’77, L’80, and Michelle Alford James W. and Carol A. Hovey Foundation Andrew S. Jhawar, W’93 The Jean K. Hamburg Living Trust The Howard Hughes Corporation Suvarna Joglekar Hankin Foundation Todd C. Howell, ENG’94, W’94 Ryan P. Johnson, W’04 William P. Hankowsky Dale E. Hower, WG’81 The Robert Wood Johnson Foundation Lynn M. and Lawrence M. Harding, W’85 Hsbc Group Johnson & Johnson Corporate Contributions Deborah L. Harmon, WG’87 Kelvin V. Hu, EE’06, W’06 Margaret T. Jones, ENG’99, W’99 Ian Harris, WG’83 Leo Z. Huang, WG’98 Edward S. Joseph, ENG’90, W’90 Hartford Fire Insurance Co. Joelle Huijnen, WG’03 Lisa A. and Michael S. Josephson, W’82 Hartford Insurance Group David G. Hunscher, WG’65 Arif T. Joshi, W’98 Harvest Equities Estate of I. Erwin Hunsicker, WEV’28 Atul S. Joshi, C’03, W’03, and HCA Healthcare Huntington Bancshares Rina H. Joshi, C’03, W’03 Juhi Heda, ENG’10, W’10 Huntington Ingalls Industries JPMorgan Chase & Co. A. Gilbert Heebner, G’67 Huntington National Bank JP Morgan Securities James J. Heffernen, W’56 Hunt Realty Investments, Inc. JSRE Management Helena F Clark Trust Brian K. Hurst, W’94, and Nisha Hurst, W’96 Barbara Thomas Judge, CW’66 Ronald I. Heller Husky Energy Inc Kenneth F. Kadish, W’68 Heller Family Foundation IBM Corporation Debra A. and James R. Kahn, C’75 William L. Henderson, GR’83 Jane Ibrahim, WG’00, G’00 Nancy R. Kail, WG’89, G’89, and Jared S. Hendricks, W’02, and Shauqat A. Ibrahim, WG’78 Marcos A. Rodriguez, WG’89, G’89 Jenna A. Hendricks, C’02 Hiroaki Iizawa, WG’98 Anjali J. Kalyani, WG’04 Charles H. Hennekens, W’63 James L. Iker, WG’02 Kishore B. Kanakamedala, WG’99 Charles Hennekens M.D. Foundation Indorama Matthew S. Kaplan, W’79 Hersha Hospitality, LP Information Specialists Group, Inc. Rita M. and Keith E. Kaplan, W’82 Etie Hertz ING Clarion Partners Arthur S. Karafin, W’60, L’63, and Theodore J. Hess Trust, W’36, WG’37 Sarah M. Ingmanson, G’04, WG’04 Barbara B. Karafin, GED’63 Barbara G. and Stephen J. Heyman, W’59 Inlet Capital LLC Steven A. Karpf, W’70, WG’72 Judith S. Heyman International Council of Shopping Centers, Inc. Katten Muchin Rosenman LLP Lucille and William C. Hicks, WG’63 International Financial Co., LLC Michael S. Katz, W’82, and William C. S. and Lucille Hicks International Foundation of Roni K. Katz, W’83 Charitable Trust employee Benefit Plans Axel Kauffman James P. Highland, G’90, GR’94 International Paper Company Herbert C. Kay, W’59 High Real Estate Group Investment Company Institute Mr. and Mrs. Stephen A. Keller, W’41 High Rise Capital Management, LP Adrian R. Ironside, WG’08 Keystone Property Group High Rise Capitol Foundation Irwantono Irwantono, W’99 Vandita Khullar Singh Hillwood - A Perot Company Hilary and Selwyn Isakow, WG’78 Jerome King Himmel + Merringoff Properties Isakow Foundation Kingwest & Company Hines Interests Limited Partnership Island Capital Group Kit Kinports, L’80 Hirtle Callaghan & Co., Inc. I-Space Institute LLC Kirkland & Ellis LLP J. Adam Hitt, W’83, WG’84, and Ronen Israel, ENG’95, W’95 Seth Kisch, WG’12, G’12 JoAnn H. Hitt, W’83 Raymond J. Iwanowski, C’88, W’88 David Klein, WG’13 The Hitt Family Foundation, Inc. Jackson Lewis LLP Martin V. Klepper, W’69

† Indicates deceased

2012 Annual Report to Investors 10 Investors LEADERSHIP GIFTS

Robert A. Knakal, W’84 Faye L. Lane Nancy N. Liffmann, WG’95 and Gerald D. Knorr, W’82, WG’86, and Debra F. Langer, C’92 Reid K. Liffmann, WG’95 Monica Thomas Knorr, W’85 Jonathan A. Langer, W’92 Li & Fung Ltd. Karsten Koed Jonathan & Debra Langer Charitable Fund Eli Lilly and Company Peggy J. Koenig, WG’86 Carol L. and Robert T. Lapidus, C’83 Terence M. Lim, ENG’88, W’88 Koenig Charitable Foundation Eric B. Larson Limited Inc Neil H. Koffler, ENG’88, W’88 Eric & Katherine Larson Family Fund Yeechung F. Lin, ENG’91, W’91 Keith A. Kohler, G’93, WG’93 Matthew H. Lattman, ENG’04, W’04, WG’08 Lincoln Financial Group Kohl’s William P. Lauder, W’83 Lincoln National Corporation Kit Konolige, WG’89, and Lori Konolige, CW’75 Estee Lauder Companies Lion Brothers Company, Inc. Leslie C. Koo, WG’81 Matthew Lavicka, ENG’85, W’85 Lionstone Partners, Ltd. Joshua M. Kopelman, W’93, and Risa J. Lavizzo-Mourey, WG’86 and Ron M. Lior, ENG’93, W’93 Rena C. Kopelman, C’92 Robert Lavizzo-Mourey Bryan H. Lipinski, NU’82 Kopelman Foundation Gerald G. Lawrence, WG’75 Barry and Marie Lipman Family Fund Lawrence M. and Korin A. Korman, WG’92 Lawrence Ruben Company, Inc. Joseph W. Lippincott, W’03 Leonard I. Korman, W’57 Lazard Freres & Co. LLC Sean Z. Liu Pamela C. and Bradley J. Korman, WG’92 Gian B. Lazzarino, WEV’96 L&L Holding Company, Incorporated Korman Communities David C. Leader, G’87, WG’87 Keith M. Locker, WG’88 Korman Commercial Properties, Inc. Claudia M. Lee, WEV’97 Lockheed Martin Corporation Alissa S. Korn, C’89, and Steven J. Korn, W’89 Jennifer J. Lee, ENG’04, W’04, and Rachel L. Lebenson, WG’03, G’03 Elizabeth B. and Douglas R. Korn, W’84 philip S. Lee, W’03 Longview Management LLP Korn Family Fund Margarette Lee Leon Lowenstein Foundation, Inc. Anthony R. Kozberg, W’94 Stephanie D. Lee, C’91, W’91, and Donald G. Lubin, W’54 John P. Kozora, WEV’03 steven G. Lee, ENG’91, W’91 Kathryn M. Lucas, WG’02 Caryn O. Kraff, C’83, and Lowell D. Kraff, W’83 Sung C. Lee, C’91, WG’00 Lucifer Lighting Company Kraft Foods Inc. Young-Sup Lee, ENG’86, W’86 Kwon T. Lung Robert M. Kramer, W’86, and Legg Mason, Inc. Robin G. Lutin susan M. Kramer, W’86 Meenal Lele, ENG’05, W’05 LVMH-Moet Hennessy Louis Vuitton Kramer Levin Naftalis & Frankel LLP Scott H. Lenet, WG’97 Susan and Ralph L. Mack, W’82 Norman M. Kranzdorf, L’55 Lenovo Group Ltd. Craig C. MacKay, W’84, WG’89 Kranzdorf Family Foundation Jennifer E. Leonard, G’00, WG’00 Elizabeth V. MacKay Roland H. Kratzer III, C’86, WG’92 Stephane Lesaffre, G’12, WG’12 MacKay Family Fund John S. Kraus Nicholas J. Letizia, W’73 Estate of Jane MacKenzie, EF’42 Martin R. Kravet, W’82 The Leukemia & Lymphoma Society, Inc. Jean and Ian C. MacMillan, KRE Group, Inc. Leverage Agency h’86, PAR’88, PAR’89 Michele A. Kreisler, G’92, GRW’96 Jill Levick James H. MacPherson, W’59 Barry and Christina Kringstein Leslie and Stephen Levick Macquarie Bank Foundation, Ltd. Mukund Krishnaswami, ENG’96, W’96, WG’98 Richard L. Levine, W’60 Macquarie Capital Advisors Steven Kuan Paul A. Levinson, W’95 Macquarie Holdings (USA), Inc. Lulu M. Kusuma, WG’00 Edythe O. Levitt, W’59 Macy’s, Inc. Julie L. Kuznetsov, G’97, WG’97 Valerie S. Levitt, C’87 Gary F. Madison, WG’87 Vladimar Kuznetsov Martin A. Levy, W’58 Madison Capital Kristina S. and James W. Lambert, WG’78 Sander M. Levy, W’83, and Madison International Realty, LLC Martin R. Landau felicia M. Levy, C’87 Thomas J. Maher, W’63 Landmark Partners Liberty Mutual Insurance Company Major League Soccer, LLC Robert D. Lane, Jr., L’77 Liberty Property Trust John B. Malcolm, Jr., WG’59 Bruce S. Lane, W’82 Charles S. Lichtman, WG’74 Stephen J. Malkin, WG’88 Bruce and Leslie Lane Foundation Kathryn C. and Richard B. Lieb, WG’75 Ludovico C. Manfredi, WG’91 Curtis S. Lane, W’79, WG’80, and Robert C. Lieber, WG’84 Mann Enterprises, Inc. Stacey Rosner Lane, C’80 Jeffrey Lieberman, ENG’96, W’96 Dawn S. and Arnold J. Markowitz Curtis and Stacey Lane Fund Lieberman Family Foundation Mars & Co.

† Indicates deceased

2012 Annual Report to Investors 11 Investors LEADERSHIP GIFTS

Julie and Gerald M. Marshall, WG’89 Julian N. Millikan, ENG’00, W’00 New York Community Trust Marsh & McLennan Companies, Inc. David L. Millstein, W’67, L’72 New York Life Insurance Company Franklin D. Marsteller, WG’79 Takamasa Minami, G’07, WG’07 Henry Nias Foundation Inc William F. Martin, WG’74 Jay B. Minkoff, WG’83 Steven A. Nichtberger, C’83, W’83, and Massey Kankal Realty Services Jared Z. Mintz, WG’93 laura J. Bessen-Nichtberger Gilbert L. Mathews, W’70 MIRELF IV AIV, LP The Nielsen Company (BASES) Andrew W. Mathias, W’95 Youlia K. Miteva, ENG’98, W’98 Nippon Life Insurance Company Kristina E. Mathias, C’94, W’94 Mizuho Financial Group The Nomura Securities Co., Ltd. Yannick J. Mathieu, WG’99 Management Leadership of Tomorrow Nordstrom George C. Matteson, Jr., W’50 Seth D. Model, WG’85 Northwestern Mutual Life Insurance Company Matthews International Capital Modell’s II,Inc. Ernest S. Nounou, W’66 Management, LLC. Ken & Julie Moelis Foundation NUL System Services Corporation Shari D. Matz Linda P. and H L. Montague, Jr., C’60 Jed F. Nussdorf, ENG’02, WG’02 Erik C. Mayo, W’98 Steven I. Montague, WEV’97 Oaktree Capital Management, LP Mary Mc Cleary Alison C. Mora, ENG’10, W’10, GEN’10 Och-Ziff Management McCarthy Cook & Company Morgan, Lewis & Bockius David P. O’Connor McElwee Family Fund Morgan Properties John J. O’Connor, WG’61 Gerald H. McGinley, W’52 Morgan Stanley Annapoorna Ogoti, WG’04 John P. McHugh, ENG’96, W’96 Morgan Stanley Foundation Ohio State University Medical Center Jeffrey S. McKibben, W’93, and Morgan Stanley Smith Barney Judith O’Leary Allison B. McKibben, C’93 Global Impact Funding Oliver McMillan William P. McMullan, WG’76 Donald F. Morrison, PAR’92 Oliver Wyman, Inc. McMullan Family Fund Richard H. Moss, G’87, WG’87 Bryan A. Olson, WG’02 Katherine H. and F. William McNabb III, WG’83 MRM Partners Charlene H. Olson, WG’93 and Meadow Partners, LLC M&T Bank Christopher J. Olson, WG’93, G’93 MeadWestvaco Foundation Munich American Reassurance Company Shaun F. O’Malley, W’59 Medrisk, Inc. Robert V. Murdocca, W’91 Omya Industries, Inc. Medtronic, Inc. Peter W. Murray, WG’66 Onex Real Estate Partners John F. Megrue, WG’84, and Mutual of America Life Insurance Company Ontario Pension Board lizanne G. Megrue, WG’84 Joshua J. Nadell, W’89, and Oppenheimer Funds Melander Group LLC stacey E. Nadell, C’89 Steven E. Orbuch, C’88 Melia Hotels International SA Joshua and Stacey Nadell Fund Orchard Properties Bernardo S. Mello, G’97, WG’99 Mindy E. Nagorsky-Israel, C’94, W’94 The Oregon Community Foundation Jose A. Mendez, W’54 Asuka and Karen S. Nakahara Susan and Fredrick K. Orkin, WG’76, FEL’72 Mercator, Inc. Eileen Cheigh Nakamura, WG’96, and Orrick, Herrington & Sutcliffe LLP Merck & Co., Inc. Kunihiro Nakamura, W’90 Otsuka Pharmaceuticals Merck Sharp & Dohme Corporation NASA Outlet Partners Robert K. Mericle, W’85 NASDAQ OMX Group, Inc. Matthew P. Owens, ENG’10, W’10, GEN’10 Robert E. Mescal, Jr., WG’77 Martin D. Nass Owens-Corning Fiberglas Corporation Metropolitan Life Insurance Company National Football League Mehmet C. Oz, M’86, WG’86 M & G Polymers National Security Agency Pacific Coast Capital Partners, LLC Jeffrey I. Michelson, D’82 Nationwide Mutual Insurance Company Pacific Investment Management Company LLC Microsoft Corporation Naval Air Warfare Center Susan W. and William Palace The Mid-America Management Corporation NBC Universal, Inc. Suyash Paliwal, W’02, WG’02 Milestone Group Neighborhood Revitalization Group Palladin Capital Group, Inc. Samuel C. Milkman, C’85 Nancy and Bruce L. Newberg, W’79, WG’80 Michael Palladinetti, GEN’99, WG’06 Lewis M. Miller, W’85, WG’85, and The Bruce and Nancy Newberg Fund Matsushita Electric Industrial Co., Ltd. sharon Z. Miller, W’85 New Media Metrics, Inc. Jill K. Pancha, GEE’89 Matthew Miller Benjamin L. Newton, C’07 Pramod Pancha, EE’88, W’88, Sari Miller, WG’77 David S. Newton, WG’81 GEE’91, GRE’94 Miller Realty Philanthropic Fund Newton Family Fund Panco Management of New Jersey LLC

† Indicates deceased

2012 Annual Report to Investors 12 Investors LEADERSHIP GIFTS

Alexander S. Panos, W’92, WG’97 Property Casualty Insurers Harold L. Rosenberg, W’79, and Pamela and Edward S. Pantzer, PAR’93 Association of America laurie A. Sayet Pantzer Properties, Inc. Prudential Financial Paul I. Rosenberg, W’59 Paramount Group Inc. PT Sentosa Laju Energy Robert A. Rosenberg, W’72 Doris Parker Tommy Puk Ann and Seymour Rosenberg Rishi K. Patel, EE’98, W’98 Kathryn E. Purdy, W’09 Louis S. Rosenfeld, WG’82, and Melissa J. Pearce, WG’01, G’01 Richard S. Pzena, W’79, WG’80 Blair Treisman Rosenfeld, C’89 PECO Energy Company Pzena Charitable Foundation Patti G. and Ronald A. Rosenfeld, W’61 Theodore Pedas, WG’54 Qooco Incorporated Rosenfeld Family Charitable Foundation Arthur H. Penn, W’85, WG’86, and Jeffrey S. Quicksilver Bruce A. Rosenfield Ilene Dalinka Penn, C’88 Quidsi, Inc. Bennett Rosenthal, W’85, WG’86, and Erica J. and Kevin S. Penn, W’83 Radian Guaranty, Inc. Allison K. Rosenthal, L’91 Kevin & Erica Penn Charitable Rosanna L. Ramos-Velita, G’92, WG’92 and Allison & Bennett Rosenthal Fund foundation of the Je hans P. Levin, WG’91 Jennifer A. Ross J. C. Penney Company, Inc. Bruce Ratner Jeffrey K. Rothenberg, W’77, WG’77 Penn Scholars Foundation RBC Capital Markets Corporation Reid S. Rothenberg, C’11 PA Real Estate Investment Trust Robin K. Reagan, WG’89, G’89 Pamela and Stuart M. Rothenberg, W’84, L’87 Karen W. Perlmutter, C’88 Sashi P. Reddi, GRW’94 Pamela and Stuart Rothenberg Foundation Perry Ellis International, Inc. Sherman R. Reed III, W’52 Lynn D. Rothman, WG’88 Pfizer, Inc. Catherine A. Reed, WG’87 Pierre-Yves Roussel, WG’93 Philadelphia Eagles Football Club Dale Reiss Brett A. Rowland, W’94 The Philadelphia Foundation Dale Reiss and Jerome King Fund Royal Abstract of New York Philadelphia Gas Works Sheri and John M. Reiss, W’81, L’84, WG’84 Royal Bank of Scotland Phillips-Van Heusen Corporation The Related Companies, LP Julia A. Rubalevskaya, C’06, W’06, WG’12, G’12 David A. Piacquad, WG’84 Byron R. Renfro, WG’03 Richard Ruben Philip Pilevsky Mitchell R. Resnick, W’94, and Carin E. Langen David B. Rubenstein, WG’91 Pilot Real Estate Group Bruce M. Resnikoff, W’79 Rubenstein Partners Pimco Resnikoff Family Fund Rubicon Global Linda M. Plattus, W’85, and Resource Capital Partners, Inc. Wendy and Kenneth A. Ruby, W’55 seth P. Plattus, L’86 Resource Properties, Inc. Ruby Family Foundation PNC Bank Retail Services & Systems, Inc. Peter S. Rummell, WG’71 Martin D. Polevoy, L’67 Retail Sites, LLC Joanne M. and William A. Runner, Jr., Janet and Robert A. Pollan, EE’82, W’82 Sarah W. and Sean H. Reynolds, WG’93 WEV’64, WEV’66 Robert and Janet Pollan Philanthropic Fund Robert J. Rieger, W’77 Steve Russell Hiroko and Gregg S. Polle, W’82 Marietta A. Ries Lavicka, C’86 Russian American Mortgage Co. Polo Ralph Lauren Corporation Diana R. Riklis, C’76, GED’77, and Choonho Ryu, G’92, GRW’93 David C. Pong, W’91 Ira D. Riklis, W’76, WG’77 Nima Safabakhsh, G’07, WG’07 Cheri A. and Jerry D. Poole, WG’95 Michelle L. Riley, C’95, GED’96, and Charles D. Safford, WG’59 Michael C. Poulos, W’93 Richard J. Riley, W’96 Beth T. Safran Gilberto Pozzi, WG’95 Ashraf R. Rizvi, W’86 Sage Group, LLC Ethan E. Prater, WG’04 Suhail R. Rizvi, W’88 Saint Barnabas Health Care System Lynn and Steven D. Pratt, WG’71 Lawrence M. Robbins, ENG’92, W’92 John J. Sakoff, WEV’76 Douglas A. Present, WG’90 Eric W. Roberts, W’86 Saks Fifth Avenue Present Family Foundation Eric W. Roberts Fund Saks Incorporated Jennifer B. Press, ENG’00, W’00 Daniel C. Robinson, W’02, WEV’03 Judy Samelson Adrienne A. Price, W’78, C’78, G’78, and Rockwood Capital Corporation Sam & Peggy Grossman Foundation Gene L. Wexler Neal I. Rodin Robert E. Sanchez, WG’93 PricewaterhouseCoopers Nicolas R. Rodriguez-Brizuela, G’06, WG’06 Prakash Santhana, WG’06 Jaime Prieto, WG’03 Bryan S. Romano, W’98 Amitrajya Saraogi, WG’01 Stefanie L. Prigge Betsy and Donald P. Rosen, C’78 Albert K. and Jodi S. Sassoon Prima Capital Advisors, LLC John E. Rosenbaum, C’80, W’80 Saul Ewing LLP

† Indicates deceased

2012 Annual Report to Investors 13 Investors LEADERSHIP GIFTS

Robert J. Savage, W’89 Shasta Ventures Management, LLC Jane M. Smith, WG’90 and Savills Granite LLC Joanna and John H. Shaw III, WG’69 Jeffrey E. Ginsberg, W’86 Normand R. Savoie, C’86, G’91, WG’91 John W. Shaw, WG’82 Jeffrey C. Smith, W’94 Bryan Sayer Shaw & Company Nathan B. Snyder, WG’05 SCA Americas, Inc. Robert Sheft, W’83, and Hope Gittis Sheft, C’86 Société Générale William Schawbel, W’61 Robert and Hope Sheft Philanthropic Fund Society of Actuaries Jeffrey S. Scheck, W’86 Dan and Lizette Sheinberg Adam D. Sokoloff, W’84, and Adrienne & Jeffrey Scheck Philanthropic Fund Robert E. Sheker, ENG’91, W’91 susan D. Sokoloff, C’84 Roger O. Schembs, W’52 Shell Oil Company Marshall S. Somers, C’74, WEV’86 Curtis J. Schenker, C’80 Ned L. Sherwood, W’71, and Andrew J. Song, ENG’09, W’09 Jean L. Schere, C’69, G’70, WG’72, G’81 emily Layzer Sherwood, CW’73 Patrick Songsanand, ENG’95, W’95 Mr. and Mrs. Harvey Schermer Ned and Emily Sherwood Foundation Southern Company Peter D. Schiffrin, C’73, WG’78 Sherwood Equities, Inc. Christian B. Sowul, ENG’97, W’97 Frank B. Schmidt, W’62 Mimi Shih, WG’10 Stacey Spector Schneider National, Inc. Albert K. Shin, EE’94, W’94 Craig A. Spencer Bruce Schonbraun Christopher L. Shoemaker, W’91, WG’97 Spencer Gifts, Inc. William J. Schottenstein, W’76 Robert H. Shorb, Jr., WG’84 Jay S. Spivak, ENG’89, W’89 Saul Schottenstein Foundation Alan Shuch and Leslie Wohlman Himmel, Ronald R. Spoehel, W’79, GEE’80, WG’80 Daniel C. Schwab, W’91 CW’75; then move to the S section Beth B. Sprole, W’87 Michael J. Schwab, W’85 John L. Sica, W’83, WG’88, and Square Mile Capital Management LLC Amy Schwab-Silfen, W’83, WG’88 heather Renton Sica, WG’89 Stephen Squires Adam R. Schwartz, C’98, and SICA family LLC James B. Stake, WG’79 lauren G. Schwartz, C’99 Glen B. Siegel, W’82, and Amy Y. Siegel, W’83 Starwood Capital Group David N. Schwartz, W’99 Jill and Stuart G. Siegel, W’85 State Farm Mutual Automobile Insurance Jeffrey B. Schwartz, W’96 Stuart and Jill Siegel Charitable Foundation Company Mark J. Schwartz, W’79 Jan A. Sigmon, C’82 State Metals, Inc. Monique B. and Robert J. Schweich, W’55 Adam G. Silfen, C’98, WG’03 State Street Bank and Trust Company Robert J. Schweich Fund David & Lyn Silfen Foundation No 2 State Street Corporation Rachel Scott Silverlake Technology Management, LLC William G. Staton, WG’71 Seabreeze Foundation Amy S. Silverman Mary Steadman Jo V. Seibert, WEV’78 Jane Aresty Silverman, GCP’70 Scott B. Stein, ENG’03, W’03 Martin Selig, W’59 Robert A. Silverman, L’81 Harold and Mimi Steinberg Charitable Trust Martin Selig Real Estate Silver Point Capital LP Leslie Morgan Steiner, WG’92 and Vivian C. Seltzer, SW’53, and Silverstein Properties, Inc. perry W. Steiner, WG’93 William Seltzer, C’49 Ian Timothy Simmonds, WG’05 Perry Winter and Leslie Morgan Steiner Fund Aydin Senkut, G’96, WG’96 Barry Simon Gregory L. Steinhauer, W’84 Sponsors for Educational Opportunity Jacqueline S. and David E. Simon Jeffrey M. Steren, W’73 Career Program David E. Simon, W’95, WG’01, and Eric L. Stern Anshu and Vinit Sethi, C’95, W’95 stephanie B. Simon, C’96, W’96 Michael Stern Eugenio Sevilla-Sacasa, WG’81 Simon Property Group, Inc. Steven T. Stern, C’65 Sevilla-Sacasa Charitable Fund James D. Simpson, WG’65 Norman A. Stevens, W’53 Kisti A. Shah, W’99 Rebecca P. and Bruce A. Singer Stevens & Lee Neil H. Shah, C’95, W’95 Priscilla Singer-Halper, WG’90, and Jamie Halper Karen H. and John B. Stine II, W76, WG’79 Ronak Shah, WEV’02, WEV’03 Rohit Singh, C’02, W’02 Richard J. Stockton, WG’97 Shanghai Jiao Tong University Sirius XM Radio, Inc. Stoltz Management of Delaware, Inc. Hal Shanis Andrew P. Siwulec, WG’76 Story Worldwide Barbara J. and Edward L. Shapiro, W’86 SJM Partners, Inc Linda and Elhanan Streit, WG’65 Edward L. & Barbara J. Shapiro Trust Skidmore, Owings & Merrill LLP Student Federal Credit Union Isadore Sharp SL Green Realty Julien J. Studley, Inc. The Sharp Foundation Alfred P. Sloan Foundation Suez Usa, Inc. James P. Sharples, WG’03 Smart Family Foundation Daniel S. Sundheim, W’99, and Brian G. Smith, G’04, WG’04 Brett A. Sundheim, C’01

† Indicates deceased

2012 Annual Report to Investors 14 Investors LEADERSHIP GIFTS

Sunrise Brands, LLC Daisy Tsui Jeffrey M. Weingarten, W’70 Mike Susoev, WG’87, G’87 Turnkey Sports, LLC Jeffrey and Susan Weingarten Foundation Susquehanna Holdings Co. Two Trees Management Company LLC Philip R. Weingold, W’82 Davor P. Sutija, CHE’83, W’83 Diane L. Ty, G’87, WG’87 Katherine and Samuel J. Weinhoff, WG’74 Swiss Re Holding NA, Inc. Tyco Electronics Corporation Barbara Weisbein Syngenta Corporation UDR, Inc. Paul F. Weisbein Taconic Investments Partners, LLC Ultra Hardware Products, LLC Weiss Asset Management LP Charbel H. Tagher, WG’76 Judith Underwood, WG’79 Wells Fargo Bank, N.A. Henry Y. Tam, EE’03, GEE’03, W’03 Unilever Wells Fargo Commercial Mortgage Melvin C. Tang, ENG’98, W’98 Union Bank Wells Fargo Company Ruth Tanseer United Water Resources Inc Rosa C. Welton, ENG’95, W’95 Bernard A. G. Taradash, W’54 University of Michigan John D. Wertheim, WG’73, G’77 Target Corporation University of Technology Susan Westfall Robert M. Taubman, W’41 Urdang Capital Management Wharton Graduate Association The Taubman Company U.S. Bancorp David P. Wheeler, WG’76 Pauline C. Taylor, WEV’95, WEV’96, GFA’99 U.S. Tennis Association Philip J. Whitcome, WG’76† TD Securities Inc Robert K. Vahradian, WG’86 Lawrence White, L’75 Technogel-America Roland A. Van Der Meer, W’82, EE’82 Wendy S. White, L’75 Teradata Corporation Van Der Meer Revocable Trust Jennifer S. and Bruce E. Terker, W’76, G’78, GRW’99 The Vanguard Group, Inc. Benjamin J. Whitfield, C’98, W’98 Christophe P. Terlizzi Vantage Properties, LLC Griffin Davies Whitney, WG’05 Texas Instruments Foundation Matthew M. Verghese, EE’06, W’06, WG’12 Williams-Sonoma, Inc. Texas Instruments Incorporated Aaron L. Vermut, WG’00, and William T Morris Foundation, Inc. Thackeray Partners LP Adriana L. Vermut, C’00 Spencer J. Willig, C’06, G’09, G’10, L’10 The Hub VF Corporation Gail C. Wilson The J.P. Morgan Chase Foundation Vocus, Inc. Vardina L. Wind, ASC’75, and Yoram J. Wind Susan Thorp Estate of John Vollmayer, WG’54 Anthony Wojtkowiak TIAA-CREF Institute Vornado Realty Trust Gregory S. and Nancy B. Wolcott The Timken Company Wachs-Weingarten Charitable Trust Derish M. Wolff, C’57, and The TJX Companies, Inc. Neal Wadhera, ENG’97, W’97, GEN’04, WG’04 Maureen Robinson Cordelia J. To, W’99, G’04, WG’04 Richard F. Wagman, W’91 Keet M. Wong, WG’03 Tohmatsu & Co. Walgreen Company Yuang Wong Robert A. Toigo Foundation Charls E. Walker, GR’55 WP Realty, Inc. Toll Brothers, Inc. Walton Street Capital, L.L.C. Myra Wrubel Steven M. Tonkovich, W’89 Claudia P. and David C. Wang, W’98 Kathleen E. Wu, ENG’09, W’09 Robert P. Torretti, G’00, WG’00 Dee K. Wang The Xander Group LLC Amy M. Torri, ENG’99, W’99 Hao Wang, C’08, W’08 Xerox Corporation Total Wine & More Tina L. Wang Yiqingzhai Foundation Towers, Perrin, Forster & Crosby John A. Ward III, WG’69 Jason S. Young, ENG’04, W’04, and Toyota Motor Engenireening & Langdon T. Ward, ENG’03, W’03 eileen S. Young, ENG’04, W’04 Mfg. North America, Inc. Ward Family Foundation Deborah Miller Zabel, CW’66, WG’94 Carlos Trad Freneau, WG’12 Wasserman Foundation Eric H. Zabinski, ENG’92, W’92 Travelers Corporation Wawa, Inc. Jeffrey J. Zajkowski, W’87, and Trecap Partners WeatherPredict Consulting, Inc. deborah K. Zajkowski, W’86 David J. Trone, WG’85, and Ellen Edelman Weber, W’82 and Martin A. Zawatsky June M. Trone, WG’85 Robin L. Weber, EAS’82, W’82 Ehsan E. Zayan, CW’73 Robert Trone, W’81, L’91 Joshua Z. Wechter, C’03, W’03 Jane Z. Zhu, W’15 Robert G. Trout, GM’60, and Brian Weigandt, WG’12, G’12 Richard S. Ziman Anne H. Trout, CW’46 Julian M. Weigle, W’42 Matthew J. Zola, ENG’90, W’90 T. Rowe Price Associates, Inc. Melissa V. Weiler, W’86 Alexander J. Zolan, ENG’07, W’07 T. Rowe Price Charitable Giving Fund Bryan S. Weingarten, W’82, and ZS Associates Marjorie W. Weingarten, C’85 Brian S. Zwerner, W’95

† Indicates deceased

2012 Annual Report to Investors 15 The Wharton Fund

Education Innovation Wharton represents the finest investment in a business education—both in knowledge gained and in a lifelong association with one of the most respected names in academia. The Wharton Fund provides resources to fund high-priority initiatives of the School: it helps invigorate our inno- vations in academic programs and student and alumni services; it builds our competitiveness in attracting the best students and faculty; it gives us the flexibility to pursue next-level opportunities. The Wharton Fund also helps to bridge the gap between the actual cost of educating students at Wharton and the income generated from tuition and endowment. The Dean’s Circle The Wharton Fund

Gifts of $100,000 and Above

The Dean’s Circle honors our most generous donors to the Wharton Fund. These individuals have made a powerful statement, which illustrates the importance of annual giving, by donating $100,000 or more in gifts to the Wharton Fund during fiscal year 2012.

Anonymous (5)

1. Robert Wolf, W’84 Chief Executive Officer 32 Advisors, LLC

1 Not Pictured

Clifford I. Rackson, W’81, WG’82 Managing Member Rackson Asset Management

2012 Annual Report to Investors 17 125th Society The Wharton Fund

Pledges of $100,000 and Above

Created in celebration of Wharton’s 125th anniversary in 2006, the 125th Society recognizes those individuals who have pledged $100,000 or more to the Wharton Fund.

Anonymous (5)

Pictured

1. Joseph G. Ansanelli, W’92 Partner Greylock Partners

2. Mehmet Habbab, W’65, WG’67 Chairman 1 2 3 Delta Star Petrol Enerji Ticaret A.S.

3. Sami Habbab, W’98 Chief Executive Officer Delta Rubis Petroleum

4. Andrew M. Heller, WG’79 President and Owner Heller Capital Corporation

5. Brynn and Peter Huntsman 4 5 6 President and Chief Executive Officer Huntsman Corporation

6. Lara E. and Anthony R. Ignaczak, W’86 President Quad-C Management, Inc.

2012 Annual Report to Investors 18 125th Society THE WHARTON FUND

7. Jeffrey S. Katz, WG’71, and Beth A. Rogers Chief Executive Officer and Principal Owner Sherwood Equities, Inc.

8. Lisa and David J. Matlin, W’83 Chief Executive Officer MatlinPatterson Global Advisers LLC 7 8 9 9. Jerry M. Seslowe, WG’69 Managing Director Resource Holdings, Ltd.

10. Nancy and Geoffrey L. Stack, WG’72 Managing Director Sares-Regis Group

11. K. Robert “Bobby” Turner, W’84, and Lauren Golub Turner, W’85 Partner (Chairman, CEO and 10 11 12 Co-Founding Partner) Canyon Capital Advisors LLC (Canyon Capital Realty Advisors LLC)

12. Catherine P. and Randall J. Weisenburger, WG’87 Not Pictured Executive Vice President & Chief Financial Officer Diane J. and John Patience, WG’73 Omnicom Group, Inc. General Partner Crabtree Partners LLC

Jaime Peisach, W’88, and Cheryl Peisach, W’87 Owners Passion Growers

Diana D. and James E. Yacobucci, WG’74 General Partner Winfield Associates LLC

2012 Annual Report to Investors 19 The Reginald H. Jones and

The Wharton Fund Grace Cole Jones Decade Donors

Gifts of $25,000 or More to the Wharton Fund for 10 Consecutive Years

The following individuals are honored for their outstanding leadership and generosity in supporting the Wharton School at the Joseph Wharton Society level for 10 or more consecutive years. The late Reginald “Reg” H. Jones, W’39, H’90, who led General Electric and was an outstanding example of alumni leadership and support, is recognized through this named level of distinction.

1. Katherine Shen and Pei-yuan Chia, WG’65 Retired Vice Chairman Citicorp-Citibank

2. Perry Golkin, W’74, WG’74, L’78, and Donna O’Hara Golkin, WG’77 Chief Executive Officer PPC Enterprises LLC 1 2 3 3. Andrew M. Heller, WG’79 President Heller Capital Corporation

4. Karen C. and Jon M. Huntsman, W’59, HON’96 Founder and Executive Chairman Huntsman Corporation

5. John L. Kelsey, WG’50 Retired 4 5 6 6. Alain M. Levy, WG’72

7. Diane v.S. and Robert M. Levy, WG’74 Partner, Chairman & Chief Investment Officer Harris Associates LP

8. John F. McCartney, WG’76 Chairman Huron Consulting Group

9. James B. McElwee, WG’76 Director James McElwee Venture Advisory 7 8 9

10. Kristin D. and Rodney A. McLauchlan, WG’78 Board Director Legacy Trust Company

11. Marie and Joseph J. Melone, W’53, WG’54, GR’61 Retired President and Chief Executive Officer AXA Financial, Inc.

12. Michael D. Zisman, GEE’73, GR’77, 10 11 12 and Linda J. Gamble, LPS’10 President Golf Genius Software

2012 Annual Report to Investors 20 The Anvil Society The Wharton Fund

Gifts from $50,000 to $99,999

In 2006, and in honor of Wharton’s 125th anniversary, the Anvil Society was created to recognize those donors who gave $50,000 to $99,999 to the Wharton Fund. The anvil reflects Joseph Wharton’s pioneering work in the metals industry and has become a symbol for those individuals whose commitment to the School has set them apart as leaders and role models for fellow alumni.

1. Steven J. Aresty, WG’87 President Alfred Dunner Retail LLC

2. Venkat H. “Vinnie” Badinehal, WG’96 Co-Head of Americas Financial Institutions Group Investment Banking Deutsche Bank

3. Dahlia and Arthur H. Bilger, W’75 1 2 3

4. Govind V. Iyer, WG’89 Managing Partner Egon Zehnder International (India) Pvt. Ltd.

5. Eric Kessler, WG’79 President and Chief Operating Officer Home Box Office, Inc.

6. James B. McElwee, WG’76 Director 4 5 6 James McElwee Venture Advisory

7. Clement Pappas, WG’09 Chief Executive Officer Clement Pappas & Co., Inc.

8. Octavio C. Pereira Lopes, WG’96 Partner GP Investments

9. Shari and Richard A. Sapp, WG’81 7 8 9 Private Investor

2012 Annual Report to Investors 21 THe Anvil Society THE WHARTON FUND

10. Inder S. Sidhu, WG’91 Senior Vice President Cisco Systems, Inc.

11. Ivan D. Trifunovich, WG’98 President, Chief Executive Officer & Director Wafergen Biosystems, Inc.

12. Dorinda and 10 11 Mark Winkelman, WG’73 Senior Director The Goldman Sachs Group, Inc.

Not Pictured

Ellen H. Adams, WG’84 Lillian C. Pardee, OT’47† Managing Director Castlerock Management Jess M. Ravich, W’79, WG’79 Head of Alternative Products David Altshuler, WG’93, and Trust Company of the West Sharman B. Altshuler, V’96 Founder and Chief Executive Officer Kevin S. Seo, WG’97 TechFoundation Chief Executive Officer NOWCOM, Inc. Robert J. Bishop, WG’86 Principal Brian Thurman, WG’82 Impala Asset Management LLC ATL Ocean LLC

Roger Crandall, WG’02 Diana D. and James E. Yacobucci, WG’74 Chairman, President & General Partner Chief Executive Officer Winfield Associates LLC Massachusetts Mutual Life Insurance Company

George L. Noble, WG’81, and Constance A. Bakke-Noble, GED’80 Noble Partners

† Indicates deceased

2012 Annual Report to Investors 22 The Joseph Wharton Society The Wharton Fund

Gifts of $25,000 and 49,999

These donors, who have given from $25,000 to $49,999 to the Wharton Fund this fiscal year, are paving the way for generations to come. By recognizing the need for unrestricted giving at a high level, they set important giving standards that help to build upon our history of support to the Wharton Fund.

Anonymous (8)

1. Joseph G. Ansanelli, W’92 Partner Greylock Partners

2. Edward N. Antoian, WG’82 Partner, Chartwell Investment Partners Founder, Zeke Capital Advisors

3. Mohamed B. Bassatne, WG’89 1 2 3 Chief Executive Officer BB Energy Group

4. Shelley A. and Grant G. Behrman, WG’77 Co-Founder and Managing Partner Behrman Capital

5. Milton R. Berlinski, WG’80 Chairman and Chief Executive Officer Uretek 4 5 6 6. Nancy L. and Robert S. Blank, L’65 Co-Chairman and Co-Chief Executive Officer Whitcom Partners

7. Norine I. and Geoffrey T. Boisi, WG’71 Chairman and Chief Executive Officer Roundtable Investment Partners LLC

8. Samuel R. Chapin, WG’84 Executive Vice Chairman Bank of America Merrill Lynch 7 8 9

9. Katherine Shen and Pei-yuan Chia, WG’65 Retired Vice Chairman Citicorp-Citibank

2012 Annual Report to Investors 23 The Joseph Wharton Society THE WHARTON FUND

10. Arthur D. Collins, Jr., WG’73 Retired Chairman and Chief Executive Officer Medtronic, Inc.

11. Philip M. Darivoff, W’79, WG’85, and Besty Marks Darivoff, C’79 Director of Alumni Relations Goldman, Sachs & Co. 10 11 12 12. James E. Daverman, WG’73, and Wendy Pearson Daverman, SAM’72 Managing Partner Redfish Partners

13. Josephine and Dolf R. DiBiasio, WG’69 Retired Senior Partner McKinsey & Co.

14. James G. Dinan, W’81 and Elizabeth R. Miller 13 14 15 Founder and Chief Executive Officer York Capital Management LP

15. Thomas and Connie K. Duckworth, WG’79 Founder and Chief Executive Officer ARZU STUDIO HOPE

16. Jacalyn C. and William P. Egan II, WG’69 Founder and General Partner Marion Equity Partners 16 17 18

17. David D. Fleet, WG’83 Retired President Western Asset Management Company

18. David N. Fleischer, C’70, WG’76, and Judith M. Fleischer, WG’76 Principal Chickasaw Capital Management, LLC

19. David B. Ford, WG’70 21 President 19 20 DBF Associates

20. M.J. and Samuel J. Foti, W’74, G’78 President and Chief Executive Officer Halley Capital LLC

21. Alan E. Gilbert, WG’91 Vice Chairman Amherst Securities Group LP

2012 Annual Report to Investors 24 The Joseph Wharton Society 28 THE WHARTON FUND

22. Perry Golkin, W’74, WG’74, L’78, and Donna O’Hara Golkin, WG’77 Chief Executive Officer PPC Enterprises LLC

23. Vidya and Sanjay Govil, WAM’08 Non Executive Chairman and Founder Infinite Computer Solutions, Inc.

24. Mary and Robert M. Haft, W’74 22 23 24 Chairman Main Street Lender

25. James E. Hahn, W’86 Partner and Managing Director JC Asia Alpha Private Equity

26. Joshua J. Harris, W’86 Co-Founder and Chief Investment Officer Apollo Management LP 25 26 27 27. Taizo Hasebe, WG’96 Managing Director TPG Axon Capital (HK) Ltd.

28. Susan and Richard M. Hayden, WG’69 Chairman Haymarket Financial LLP

29. Thomas J. Hopkins, WG’87 Founder and Managing Director Colchester Capital LLC 28 29 30 30. Cathey S. and Donald D. Humphreys, WG’76 Retired Senior Vice President and Principal Financial Officer Exxon Mobil Corporation

31. Karen C. and Jon M. Huntsman, W’59, H’96 Founder and Executive Chairman Huntsman Corporation 31 32 33 32. Nina and S.A. Ibrahim, WG’78 Chief Executive Officer Radian Group Inc.

33. Lara E. and Anthony R. Ignaczak, W’86 President Quad-C Management, Inc.

2012 Annual Report to Investors 25 The Joseph Wharton Society THE WHARTON FUND

34. John L. Kelsey, WG’50 Retired

35. Dow Kim, W’84, WG’90 Private Investor

36. Pamela C. and Bradley J. Korman, WG’92 Co-Chief Executive Officer Korman Communities 34 35 36

37. Nelson J. Lam, WG’87 President The Lam Group, Inc.

38. Gloria M. and William H. Lawrence, W’83 Founder and Chief Executive Officer Meridian Capital Partners, Inc.

39. Alain M. Levy, WG’72 37 38 39 40. Diane v.S. and Robert M. Levy, WG’74 Partner, Chairman & Chief Investment Officer Harris Associates LP

41. Jane and Michael F. Lewis, W’74 Chief Executive Officer ILD Corporation

42. Richard J. Mack, W’89 40 41 42 Chief Executive Officer, North America AREA Property Partners

43. Vikram Malhotra, WG’86, and Mary B. Malhotra, G’86, WG’86 Chairman of the Americas, McKinsey & Company (Vikram) Consultant, MBM Consulting (Mary)

44. John McCartney, WG’76 Chairman Huron Consulting Group 43 44 45

45. Kristin D. and Rodney A. McLauchlan, WG’78 Board Director Legacy Trust Company

2012 Annual Report to Investors 26 The Joseph Wharton Society THE WHARTON FUND

46. Marie and Joseph J. Melone, W’53, WG’54, GR’61 Retired President and Chief Executive Officer AXA Financial, Inc.

47. L. David Mounts, WG’04 Chief Executive Officer Inmar 46 47 48 48. Jane E. and Daniel S. Och, W’82 Founder and Chief Executive Officer Och-Ziff Capital Management Group

49. Susan and Steffen W. Parratt, WG’98 Software Entrepreneurs

50. Theodore Pedas, WG’54 President Circle Management Company

51. Robert L. Rosner, WG’85 49 50 51 Founding Partner and Managing Director Vestar Capital Partners Europe

52. John M. Roth, W’80, WG’80 and Lauren Razook Partner Freeman Spogli & Co.

53. L. Chris Saenger, WG’93 Partner Reliant Star Capital 52 53 54

54. Denise and Andrew M. Saul, W’68 Managing Partner Saul Partners LP

55. Alfred N. Schindler, WG’78 Chairman Schindler Holding Ltd.

56. Jeanne J. and Joseph F. Scoby, W’87, G’87 Chief Executive Officer 55 56 57 PEAK6 Investments, LP

57. David A. Sherman, W’82 Chairman Sherman Residential

2012 Annual Report to Investors 27 The Joseph Wharton Society THE WHARTON FUND

58. Alan Shuch and Leslie Wohlman Himmel, CW’75 Advisory Director, Goldman Sachs Asset Management (Alan) Partner, Himmel + Meringoff Properties (Leslie)

59. Candye and William S. Spears, WG’67 Chairman & Founder Cenergistic, Inc. 58 59 60

60. Katherine and Samuel J. Weinhoff, WG’74 Managing Director Schroders Incorporated

61. R. Graham Whaling, WG’88 Founder and Managing Director Parkman Whaling LLC

62. Thomas K. Whitford, WG’82, and Margaret B. Lehr, C’76, WG’82 61 62 63 Vice Chairman, PNC Financial (Thomas) Writer (Margaret)

63. Richard J. Williams, WG’87 Co-Founder, Managing Partner WestView Capital Partners

64. Gary L. Wilson, WG’63 Private Investor

65. Robin and Marc B. Wolpow, W’80 64 Co-Founder 65 66 Audax Group

66. Michael D. Zisman, GEE’73, GR’77, and Linda J. Gamble, LPS’10 President Golf Genius Software

2012 Annual Report to Investors 28 The Joseph Wharton Society THE WHARTON FUND

Not Pictured

Catherine and Joseph J. Aresty, W’43 Ronald E. Hohauser, WG’97, and Rosanna L. Ramos-Velita, Nimia V. Del Rosario, GED’99 G’92, WG’92 and Hans P. Levin Cynthia G. Biondi, WG’83 Founder and Principal Chairman of the Board, Hansen A.S., Inc. Latus Advisors, LLC Caja Rural Los Andes (Rosanna) Senior Vice President,Treasury at Candice K. Chia, C’97, WG’03 David M. Horn, C’63, WG’68 and Prudential Financial (Hans) Susan Mason Horn, W’68 Jean-Pierre C. Rosso, WG’67 Roberto F. Civita, W’57 President, American Capital Group (David) Executive Chairman Chairman and Editor-in-Chief Owner/Realtor Associate, ETC Designs/ World Economic Forum USA Abril Sotheby’s International Realty (Susan)

Marcia W. and William J. Florence III, WG’90, and Peggy J. Koenig, WG’86 Managing Partner & Paul W. Soldatos, WG’74 Joy Victoria Seppala, WG’89 Co-Chief Executive Officer Partner ABRY Partners AEA Investors LP Sharon A. Fordham, WG’77 Principal Angelo J.Y. Koo, WG’93 Jing Shyh Samuel Su, WG’83 The Fordham Group Chairman and Chief Executive Officer President, China Division China Development Industrial Bank Yum! Brands, Inc. W. Frank Fountain, WG’73, and Sharma Richmond Fountain, WG’72 Zulfiqarali H. Lakhani, WG’78 Allen A. Weaver, WG’85, and President Managing Director Jennifer Sullivan Weaver, WG’85 Chrysler LLC Colgate-Palmolive (Pakistan) Ltd. Senior Managing Director Prudential Capital Group David J. Gilbert, WG’87, and Bong Suh Lee, W’59 Susan B. Gilbert, WG’87 Chairman Loralee and Alfred P. West, Jr., WG’66 Chief Investment Officer Danam Corp. Chairman and Chief Executive Officer Clarion Partners SEI Investments Company Jenny Magee Newton G.Z. Glassman, WG’90 Mary and Scott A. Wieler, WG’87 Managing Partner Claude M. Marion, WG’80 Chairman The Catalyst Capital Group, Inc. Managing Director Signal Hill Capital Group LLC Spinnaker Capital, Ltd. Constance H. Williams, WG’80 and Pasi M. Hamalainen, James M. Norris, WG’97 Sankey V. Williams, WG’77, INT’77 EE’92, W’92, G’93 Managing Director Retired Managing Director Vanguard International PIMCO Diane J. and John Patience, WG’73 General Partner Crabtree Partners LLC

Sundararajan Pichai, WG’02 Senior Vice President, Chrome Google, Inc.

2012 Annual Report to Investors 29 Founders The Wharton Fund

Gifts from $10,000 to $24,999

Anonymous (7) David Ertel, W’87, WG’88, and Urvashi and Shiv V. Khemka, WG’90, G’90** Laurence G. Allen, W’79, WG’82 Beth Seidenberg Ertel, W’88, WG’92** Thomas C. King, WG’89, and Sonia and J. Antonio Baltodano, W’73** Sebastian Escarrer, WG’93** lynn E. King, WG’89^ Derek and Bonnie Miao Bandeen, C’80, WG’85 David R. Fassnacht, W’88^ Kit Konolige, WG’89, and Edgar W. Barksdale, Jr., WG’68, and Mary C. and Christian A. Felipe, WG’86^ lori Konolige, CW’75 Joan Barksdale, G’68 Randi and Mark B. Fisher, W’82, WG’83 Ann McLaughlin Korologos, WG’88 Shari R. Beck, W’87 and John L. Flannery, Jr., WG’87* Seng Gee Lee, W’43, WG’44 Kenneth Beck, WG’87 Daniel K. Flatley, WG’82** Brenda O’Grady Liistro, WG’80, and Barry H. Beracha, WG’65^ Claire and Jeffrey G. Fluhr, ENG’96, W’96^ paul T. Liistro, WG’80* Jodie P. and Peter D. Berkman, W’88** Darren M. Fogel, W’93, and William T. Lockard, WG’84, and Alix Marduel Brett M. Berry, WG’96 Jeanne Ehrenkranz Fogel, C’92, WG’97 David J. Loo, WG’87 Anurag Bhargava, ENG’89, W’89** Richard L. Folsom, WG’90 Thomas M. Luddy, WG’76, and Edouard C. Bich, WG’88* Charles T. Freeman, W’66, WG’69** Janice H. Luddy, WG’77^ Gary A. Binning, WG’86 James L. Freeman, C’67, WG’70** Susan and Ralph L. Mack, W’82 Michael S. Blechman, W’77, WG’78^ Thomas S. Glover, WG’87 Patrick C. Madden, WG’57 Margo and Mitchell J. Blutt, Gary S. Gluck, W’85, WG’91** Keith E. McDermott, WG’70 C’78, M’82, WG’87* Bonnie J. and Gary R. Goldberg, W’81** Andrew G. McMaster, Jr., WG’76^ José M. Bonetti, W’61** Arthur A. Gosnell, WG’83^ Henry H. McVey, WG’97* Jorge Born, W’83 Lawrence D. Greenberg, W’85, WG’86, and Mary Penniman Moran, WG’81 and Charles B. Brinkley, WG’84** Beth G. Greenberg, W’85^ Garrett M. Moran, WG’82 Thomas P. Butler, W’76 Curtis C. Gunn, WG’64^ Teresa and Daniel J. Murrin, W’79** Ruby Carlos, WG’99 and Ronald S. Haft, W’81, WG’82^ Carolyn and Steven A. Okin, WG’81^ James A. Doyle, WG’97 Richard D. Hannan, WG’57^ Todd Oretsky, WG’12* Alberto J. Chamorro, W’78** Willis S. Hesselroth, W’66, WG’67^ Paul L. Ouyang, WG’82, and Shankar Chandran, WG’02* William F. Holekamp, WG’72^ deborah Gohh Ouyang, WG’81^ Pierre T.M. Chen* Shek C. Hong* B. Craig Owens, WG’80 Marsha R. Cohen, WG’76^ Dannie C. and George K. Hongchoy, WG’91 Young T. Park, WG’98** Stuyvesant P. Comfort, W’91 James K. Hunt, WG’75 Parag Patel, WG’12* Edward W. Cook, WG’90** Woong-Seong Hwang, WG’98^ Ignacio Pena, WG’98* George A. Davala, WG’84** Elisabeth W. Ireland, WG’84 Barbara F. and Mitja M. Peterman, WG’70^ Constance L. Dollase, WG’76* Raj Venkataraman Iyer, WG’02^ Soon H. Pho, W’98** Steven Dollase, WG’04* Philippe L. Jacob, EE’85, WG’92 Sharon and Scott S. Prince, W’85^ Antoine P. Drean, WG’92** Bruce I. Jacobs, G’79, GR’86^ Rose M. and Gary L. Ray, WG’70** Mark B. Dreyfus, W’78* David L. Jaffe, WG’84 Andrew V. Rechtschaffen, Susan O. and Richard J. Dugas* Patricia and William M. Jewett, WG’86* W’99, WG’00, and Monique Messer Alberto I. Duran, WG’93 Barry A. Kaplan, WG’80 Rechtschaffen, C’00 Paul S. Efron, WG’80, and Judy and Steven M. Kaye, WG’85^ Mark Renton, WG’87, and susan Gringer Efron, W’79 Ram V. Kelkar, WG’87* patti F. Renton, C’79 Stephen Eisenstein, WG’88^ John M. Keller, WG’77 Ashraf R. Rizvi, W’86

* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years

2012 Annual Report to Investors 30 Founders THE WHARTON FUND

Suhail R. Rizvi, W’88 Sergei M. Rodionov, WG’02* Andrew H. Rush, L’83, WG’89, and susie H. Chun, L’83** Robert S. Schimek, WG’96^ Fabienne A. Serfaty, WG’87, G’87 Eugenio Sevilla-Sacasa, WG’81 Cherida Collins Smith, WG’74^ Wesley A. Sparks, WG’94 Michael Spilo, WG’11** Param Sreekanth, WG’96* Paul A. Stefanick, WG’88 Linda and Elhanan Streit, WG’65** Chang Sun, G’89, WG’89** Patrick Sun, W’81* George Z. Swirski, WG’87 Lynne L. Tarnopol, CW’60 Fred C. Taylor, WG’88 Susan B. Tribble, WG’80** Guy F. Ullens, WAM’90 James A. Urry, WG’81** A. G. Van Tienhoven, W’87** Sharon R. Wakiyama, WG’04* Gregory A. White, WG’80, and Mindy G. White, W’80, WG’81** George T. Yang, WG’64 Fang Yao, WG’91* Henry M. Zachs, WG’58^ Judith Zachs, CW’58^ Isabel and Federico Zorraquin, WG’87**

2012 Annual Report to Investors 31 Fellows The Wharton Fund

Gifts from $5,000 to $9,999

Anonymous (1) Leon J. De Adrian, WG’81** Torrence C. Harder, WG’69^ Saman K. Adamiyatt, WG’89 Mr. and Mrs. John C. Dean, Jr., WG’74 Kathy Hay, WG’91** Maureen M. Ahn, WG’85 A.S. Dean Mary P. Henahan, WG’02* Yong-Chan Ahn, WG’85** Guy F. Detrilles, WG’71** Naomi C. and Jeffrey J. Hewitt, WG’86** Bradley L. Altberger, W’94^ Fiona Julie Dodd, WG’05** Mitchell K. Higashi, WAM’05, CGS’06 Joan and James Anchin, W’65, WG’66^ Edward J. Doheny, WG’70^ Janice and James M. Ho, WG’87* Marilyn K. Andersen, WG’03^ H. Frank Doroff, WG’72, and Thomas J. Hoskins, WG’77^ John D. Avery, WG’93, and stephanie Z. Doroff, C’84* Brian F. Hughes, W’81, WG’91^ Jill Sullivan Avery, C’88, WG’93^ Jeremy R. Drax, WG’89 Milton M. Irvin, WG’74, and Andrew R. Bacas, WG’91^ Tamara Dunietz, WG’91 Melody S. Irvin, WG’74^ Larry D. Bailey, WG’76^ John D. Durrett, WG’81** Robert Jaunich II, WG’63^ Patty and Jay H. Baker, W’56 Bruce A. Eatroff, WG’89, and Dwight L. Johnson, WG’63^ Arthur S. Baldadian, WG’68, and fern S. Eatroff, C’85** Joseph A. Jolson, WG’84^ Kathie Lowenthal Baldadian, NU’68^ Douglas C. Edman, WG’90 Douglas J. Kahn, WG’82** Andrew H. Bass, GME’74, GR’89, and Robert M. Ettinger, WG’85* Tania E. Kandra, WG’97* freda Wilkerson Bass, WG’73** Robert B. Fairley, WG’73^ Beth J. Kaplan, W’80, WG’81 Richard A. Bates, WG’96* Peter M. Falvey, WG’97* Steven H. Kasoff, WG’97** Mateo Beja, WG’80 Thomas R. Ferguson III, WG’87, and Arif Khan, WG’12* J. Thomas Bevan, GED’92, WG’01, and Julia E. Ferguson, WG’86* Haluk M. Kilimci, WG’52 Jennifer Chow Bevan, WG’01^ Stewart A. Fisher, WG’87, and Jonathan Koplovitz, C’90, WG’95^ Christopher Borch, WG’80* susan G. Fisher, GNU’87** Holly F. and Kenneth A. Korngiebel, WG’96* Jon D. Bosse, WG’82 Thomas J. Fleisch, WG’81 Shailendra Kumar* William R. Brandt, Jr., WG’78** Laura Freeman Catherine and William Lawrence, WG’65 Claudia R. Braunstein, WG’81 Michael B. Garfinkle, WG’80, and Edgar D. Legaspi, G’86, WG’86* Leslie Simmons Brille, WG’96** Melanie Gordon^ H. Joseph Leitch, WG’77** Michael H. Brockhaus, WG’96 Michael D. Gayda, W’76** Pierre L. Levi, WG’79, and Linda M. Buchheit, GED’91* Debra and Keith B. Gelb, W’92 Barbara J. Rager Levi, WG’79^ Beth Burnam, WG’79^ Charles-Edouard M. Giblain, WG’88, and Susan L. and David T. Levine, WG’81** David H. Cannon, WG’01** lamia B. Giblain, G’88, WG’88* David B. Lim, WG’90 Luis Carrillo, WG’98** Thomas L. Gipson, WG’67^ Alexander F. Lloyd, C’91, WG’97** Henry A. Chan, EE’83, WG’87* Kenneth E. Glassman, WG’98^ Scott E. Lombart, W’10** Linda J. Chandler, WG’97* Thomas A. Gooley, WG’94* Jiandong Lu, WG’01** Jean-Charles Charki, WG’00** Alexander Gorra, W’94** Wonya Y. Lucas, WG’90 Sanford Chee, WG’02* Scott L. Graves, WG’99 Alexander P. Lynch, C’74, WG’76 Peter J. Clare, WG’92 Eldridge F. Gray, WG’93** Peter S. Lynch, WG’68, and Janet F. Clark, WG’82 Marla J. Green Carolyn A. Lynch, CW’68^ John S. Clark, W’69** Richard J. Green, L’77, WG’78 Michael D. Madden, WG’73 Timothy M. Cohen, WG’96, and Jeffrey P. Greiner, WG’83^ A. Bruce Mainwaring, C’47, and Christina Dillon Cohen, WG’96^ Kevin R. Gruneich, WG’82 Margaret R. Mainwaring, ED’47, H’85^ David J. Congdon, WG’87 Samuel B. Guren, WG’74^ Steve Martinez, C’91, W’91, and Darryl W. Copeland, Jr., WG’89 Matthew T. Hagerty, WG’02* Mina Takayanagi Martinez, WG’96* Susan C. and William M. Cotter, W’81^ Barbara A. and Andrew C. Halvorsen, WG’72 Eric J. Matejevich, C’95, W’95^ James W. Davidson, WG’69** David T. Hamamoto, WG’83 Scott A. Mather, ENG’92, W’92, GEN’94*

2012 Annual Report to Investors 32 Fellows THE WHARTON FUND

John J. McArdle III, WG’75 Steven B. Silverstein, WG’85 and Cathy Raduns^ Angenette E. Meaney, C’09* Ian Timothy Simmonds, WG’05 E. Robert Meaney, WG’74^ Priscilla Singer-Halper, WG’90, and Jamie Halper Vishnu Shankar Menon, WG’05* John R. Sinnenberg, WG’92^ Elizabeth Milton, WG’09 Richard W. Slocum, W’80, WG’85, and Michael Moh, W’92* phyllis Strauss Slocum, C’80 Jaime J. Montealegre, W’73** Carlo Solari, WG’00 Alexander V. Moomjy, CHE’81, WG’85 Warren L. Strickland, Jr., WG’86** William B. Morrow, WG’79** Ellen B. and Frank L. Sullivan, Jr., WG’71 Sheila Gilligan Mossman, WG’83^ Sotha and Chanthol Sun, WAM’97** John M. Murphy, C’81, WG’12* Lawrence Szabo, WG’92* Aditya Narayanan, WG’06* Surindha D. Talwatte, WG’97* Kevin O’Malley, C’97, WG’04^ James C. To, W’99 Shaun F. O’Malley, W’59 Kilin To, WG’79 Jeanette L. Ourada, WG’92^ Charles Tseng, WG’79 Anthony Paduano^ Allen B. Uyeda, WG’78^ Simon D. Palley, WG’83, and John J. Vresics, WG’86** Midge Palley, WG’83** Patricia and Robert S. Warth, W’57 Jason Palmenberg, WG’12* Michael K. Weaver, W’98** Dalip Pathak, WG’78, and Andrew A. Weber, WG’04^ Chandrika Pathak, G’82 Mark R. Weinsten, WG’90, and Richard A. Perez, WG’08** Joan S. Weinsten, C’91^ Glen A. Peterson, WG’90* William T. Wilson, WG’90^ Lauren and Scott M. Pinkus, Brian A. Wong, WG’03** W’80, WG’81^ Alexandra K. Zaporozec, WG’92 John A. Piotrowski, WG’80* Mazen S. Zein, WG’76^ Ruth M. Porat, WG’87^ Ruilin Zhao, WG’05 Emily S. and David S. Pottruck, Mahbobeh and Barry Zwarenstein, WG’75^ C’70, WG’72 Scott A. Puopolo, WG’90* William J. Quinn, W’92^ Sumant Ramachandra, WG’09 Matthew Rebold, WG’87 David L. Reynolds, WG’89** H. Ulrich Richard, WG’72^ Mark V. Rickabaugh, WG’69** Theodore R. Rosenberg, WG’64^ David L. Rosenblum, WG’77** Bennett Rosenthal, W’85, WG’86, and Allison K. Rosenthal, L’91** Michael J. Ross, WG’93 Lisa Y. Rourke, WG’88** Shridevi and Purna R. Saggurti, WG’87** Randy S. Saluck, C’87, WG’97 Aric M. Shalev, W’95** Vincent A. Sheehy, WG’85^ Raymond P. Silcock, WG’87

2012 Annual Report to Investors 33 Associates The Wharton Fund

Gifts from $2,500 to $4,999

Anonymous (5) George C. Chou, WG’92* Daniela Gelleni, WG’09* Adriana Agbo, WG’12* David H. Chun, WG’94* Deirdre M. Giblin, L’93** Ronald M. Akel, W’60* Bradley W. Coburn, WG’94* Robert J. Glaser, Jr., WG’83^ J. Scott Andrews, WG’78* Pamela Codo, WG’06** Ruth Golan, WG’01* Peter L. Anker, WG’61 Stephen A. Colanero, WG’92 Jon M. Goldstein, WG’86 Edvige Kromayer Barrie, CW’74, WG’76 and Warren Z. Colter, WG’87* John P. Griffith, WG’87** James E. Frederick, C’74^ Michael P. Connelly, WG’08 Gilles Guillon, WG’04** Robert S. Bartley, WG’88* Donald C. Cowles III, WG’68^ Adele and Lee M. Hale, W’47** Andrew G. Basile, WG’08* H. Andrew Cross, WG’82* Elaine Goldberg Harris, WG’84 Stephen B. Baus, WG’95** Asher B. Dann, W’57^ John M. Harris, WG’71 Evan S. Betzer, WG’99 H. Corbin Day, WG’63** Arthur R. Hartzell, Jr., WG’51 Raghava Bharadwaj, WG’12* Jonathan B. Degaynor, WG’93 Jessica A. Hatch, WG’07 Eugene V. Bissell III, WG’80^ William J. Delaney III, WG’82** Stephen P. Healy, WG’89^ Barbara J. Bissell-Howell, WG’76^ Marlena L. Demenus, WG’97 Erica Siegel Henning, WG’03** Judith E. Blake, WG’80^ Weiying Ding, WG’10** Brian M. Hermelin, WG’92 Steven F. Bouck, WG’86^ J. Kevin Dolan, WG’81 Christian Hernandez, WG’03^ Marguerite Bowen* David B. Dubard, WG’92** Robert M. Hernandez, WG’68 Christopher L. Boyatt, G’87, WG’87 Michael V. Duffy, WG’03* Neil Herrington, G’02, WG’02* Samuel P. Brilliant, WG’70* Stephen A. Eason, WG’81** Thomas D. Heule, WG’91 Margarita Brose Orr, WG’95 K. J. Ebeling, WG’78* John Hill, G’77, and Bruce W. Brownstein, W’80^ Sara A. Edelman, C’02* nicole Feuerring Hill, C’77, WG’79* Joseph A. Buccilli, WG’91** Robert C. Elder, WG’50* Cindy and Stuart B. Hill, W’82^ Sebastien Burdel, WG’10** Ziad A. El-Khalil, WG’87^ Charles B. Hintz, WG’78, and Randall S. Burkert, WG’89^ Michael A. Elrad, W’89, and Kristine F. Hintz, C’78, WG’80 Barbara A. Burtin, WG’08 Becky M. Elrad, W’89* M. Westye Hoegh, WG’71 Elisabeth H. and Lawrence R. Burtschy, WG’61 Craig L. Enenstein, G’95, WG’95, and Andrea White Hoff, WG’93 Charles C. Butt, W’59** Carolyn J. Enenstein, C’95^ Brendan L. Hoffman, C’90, WG’97 Thomas E. Calibeo, WG’00** Roy M. Fairman, WG’73** Gail C. Hoffman, WG’87 and Richard J. Canning, WG’87^ Peter E. Finn, WG’95** Matthew B. Hoffman, WG’87* Joseph H. Cappalonga, WG’70^ Todd A. Fisher, WG’92 Robert K. Howard, WG’80 Erika S. and William M. Carter, WG’97** William J. Forsell, WG’81, and Shu H. Hsu* Frank D. Catrickes, W’98 lynn Dawley Forsell, WG’81^ Louise H. and Joseph F. Huber, WG’70 Robert F. Cavanaugh, W’81^ Christopher Todd Fortune, WG’05* Lee A. Huff, WG’63* Kurt M. Cellar, WG’99^ John H. Fox, Jr., GEE’91, WG’01 William M. Hyland, WG’92* Rachel Cervantes, WG’11** Gregory B. Fraser, WG’86 Yungkil Jang, WG’00 James S. Chang, WG’89 Robert L. Friedman, WG’87 Gregory S. Jannetta, W’88, WG’94, and Klaus H. Chavanne, WG’84 Kenneth S. Frieze, WG’95^ leslie H. Smith, C’93, GED’95, WG’02^ Cathleen H. Chawla, WG’01^ Benjamin M. Frost, W’96, WG’01* Barratt H. Jaruzelski, W’83 Jonson I. Chen, W’97** Steven H. Fu, WG’93** Amy P. Johnson, WG’04** Craig A. Chesley, C’80, WG’87* Howard P. Furst, C’89, WG’00 Craig S. Johnson, W’82, WG’87^ Byung-Hyun Cho, WG’87^ John A. Garth, WG’85** David J. Johnston, WG’68 Didier J. Choix, WG’86 Paula J. Gehr, WG’70 Nichole S. Jordan, WG’08*

2012 Annual Report to Investors 34 Associates THE WHARTON FUND

Wayne A. Josephson, WG’76* Edward J. McCarthy, WG’70^ Mark A. Pinho, WG’06* Barbara Thomas Judge, CW’66** Wesley S. McDonald, WG’88, and Steven J. Pinsky, WG’91** Randall W. Kahn, WG’98^ deirdre F. McDonald, WG’88** Michael P. Pinto, WG’85 Madhu P. Kalia, WG’93* Michael J. McGonigle, WG’95 Annie E. Kim, WG’03 Sumeet Kanwar, WG’98* Kathleen L. McIlwain, W’83^ Samy Podlubny, WG’03 Lawrence C. Karlson, WG’80 Katherine H. and F. William McNabb III, WG’83** John G. Popp, WG’82 Brian P. Keil, WG’92, and Brian M. McNeill, WG’94** Joseph D. Punia, WG’78^ stephanie K. Schnabel, WG’93^ Robert J. Meador, Jr., FEL’02, and Gloria V. Rabinowitz, WG’78** Badar M. Khan, WG’99 Karen E. Meador, WG’02^ Sridhar Rajagopalan, WG’00** Lynne A. Kielhorn, WG’94 Joseph M. Mecane, WG’02* John D. Rauschkolb, G’94, WG’94, and Allison J. Kiffin* James L. Mersfelder, WG’66** Mayra E. Kam-Rauschkolb, Prasad G. Kilaru, WG’10** Irwin A. Michael, WG’73^ W’88, G’94, WG’94^ Aleksandr Kisilevich, WG’99 Dagmara Michalczuk, WG’10 Staci and Eric G. Reiter, W’97** Scott M. Klein, C’88, W’88^ Julie and Scott Lewis Miller, WG’85^ Tristan P. Renz, WG’83^ Anne and Timothy J. Komada, WG’08 Mary E. Miracky, WG’80** Paul J. Reszutek, W’79, WG’79^ Lawrence M. and Korin A. Korman, WG’92* Rohan Mirchandani, WG’12* Khadir N. Richie, WG’02^ Ronald J. Korn, W’61 Farnaz Mohammadi, WG’12* James S. Riepe, Jr., C’98, WG’07** David L. Kornblau, W’77, WG’77, and Simon D. Mordant, WAM’95* James A. Robison, WG’78^ Amy Castor Kornblau, C’76, G’77^ Priyadarshan Mundhra, WG’96** Gustavo S. Roessler, WG’90** David Krakower, WG’77* Salil S. Nadgauda, WG’09** Edward C. Rorer, WG’70^ Sherryl Kuhlman, WG’01* Edward P. H. Nash, G’91, WG’91^ Richard J. Rouse, WG’70 Janet O. and Barry Lang, W’64* Eileen T. Naughton, C’79, WG’87* Edward M. Rubin, C’82, WG’87** Robert C. Lang, WG’81 Daniel and Nancy Fuld Neff, WG’78 Mani A. Sadeghi, WG’90, and Leah A. LaPlaca, WG’01* Catherine M. Lewis, WG’97* Amy G. Sadeghi, C’85, WG’90 Richard Lawrence, WG’87 Jane C. and John A. Nelson, Stephen M. Sammut, WG’84^ James C. Lee, WG’06* C’78, W’78, L’82, WG’82* Scott B. Schaefer, WG’88** Junwoo J. Lee, WG’97 John J. Nesbitt, WG’67* Bruce D. Schulman, WG’99** Ken Y. Lee, WG’07* Robert A. Newbold, WG’99** Jeffrey B. Schwartz, W’96 Kanetr Lerthirunvibul, GEE’84, WG’86* Michael R. Nicolais, WG’86 David A. Schweidel, C’01, Robert G. Levine, WG’86, and James L. Noel III, WG’72* GRW’04, GRW’06** Julie G. Levine, GED’86** Franck Noiret, WG’95^ Richard F. Seamans, WG’69** Allen J. Levinson, W’77, WG’78^ Raymond Noujaim, WG’02** Troy K. Senter, WG’99^ Jonathan L. Levy, W’07** Jeremiah P. O’Grady, WG’65** Joel G. Serebransky, WG’85^ Clyde S. Lewis, WG’70** Mia S. Okinaga, WG’92** Norman S. Shaffer, WG’68^ Ralph Lim, WG’77 Mary E. O’Loughlin, WG’02* Timothy B. Shannon, W’94, WG’05* Terence M. Lim, ENG’88, W’88 Sharif L. Omar, WG’02* Stephen T. Shapiro, WG’79^ Jeffrey S. Lin, W’97^ Ford E. O’Neil, WG’90** Robert W. Sharps, WG’97 Laura S. Linehan, WG’93 Rory J. O’Neill, WG’92^ James J. Shea, Jr., W’49 Frederic P. Lotti, WG’06** Frances J. Orabona, WG’00^ Timothy N. Sheehy, WG’02* Jianfeng Lou, WG’05* H. L. Orth, L’81* Lawrence A. Sherman, WG’54 Varun M. Lumba, W’03* Steven S. Page, WG’00, and Piyush Singhvi, WG’10* James R. Lussier, W’78^ Carrie L. Page, ENG’98* Nancy and Justin W. Slatky, W’98, WG’99^ Ephram L. Lustgarten, WG’06* Kim K. Pan, WG’80^ Wendy and Stanley M. Sloan, C’69, WG’71 Richard A. Macksey, Jr., WG’90** Wayne T. Parman, WG’71^ Christine and Benjamin Slotznick, L’79, GR’86 Vincent S. Maddi, WG’89** Meryl D. Pearlstein, WG’79* Douglas M. Smith, WG’87* Koichiro Maeda, WG’03, G’03* Feliza A. Peralta, WG’97* Michael B. Smith, WG’01** Maritess Manaluz, C’94* Ronaldo F. Peralta, WG’97* Duane G. Sonneborn, Jr., WG’64^ Joseph L. Mathias IV, WG’96 Michael R. Persche, WG’97 Daniel A. Sperrazza, WG’94 Timothy P. McCann, WG’86, and Michelle L. Pierce, W’93, WG’98 Ellen Stafford-Sigg, WG’88 laura Hitt McCann, WG’82* Daniel J. Pike, WG’92** Eric A. Steinmiller, WG’93^

2012 Annual Report to Investors 35 Associates THE WHARTON FUND

Bradford S. Stone, WG’83 Kenneth S. Ziebelman, WG’85, and Rick L. Stratford, WG’99* lori G. Koffman, WG’84 Roger L. Strong, Jr., WG’83^ Edward D. Zinbarg, WG’55^ Ajit Surana, WG’86** Nicholas J. Zocchi, Jr., CHE’70, WG’76* Brian G. Sweeney, WG’91^ Weihua Zou, WG’01** Jean-Philippe Talmon, WG’05 Albert K. Tang* Darren Tangen, WG’01** Assaf Y. Tarnopolsky, WG’00, G’00, and natalie P. Tarnopolsky, WG’00 Cathryn P. Taylor, WG’87** Brian B. Topping, C’57, WG’65, and elizabeth H. Topping, CW’57^ Leopoldo Torres, WG’88 Daniel Y. Treves, WG’71^ Deborah S. and Kenneth I. Tuchman, L’76, WG’76^ Krishna C. Tyagarajan, WG’02* Thomas B. Tyree, Jr., WG’89** Robert K. Vahradian, WG’86** Richard L. Veith, WG’65^ Srinivasan Venkatesh, WG’03* Aaron L. Vermut, WG’00, and Adriana L. Vermut, C’00 Patrick J. Waide, Jr., WG’61^ Patricia L. and lawrence A. Weinbach, W’61** Laura P. and Neil A. Weiner, C’82, WG’86^ Jay M. Weinstein, WG’87^ Karin N. Weisburgh, WG’81^ Scott R. Wells, WG’94^ Chang L. Wey, WG’82* Thomas L. Wheeler III, WG’59^ Richard G. White, WG’86** Keith R. Whittaker, WG’00* Nancy G. and Quincy N. Williams, WG’57 Phillip Y. Wu, WG’95^ Young S. Yi, WG’97 Harold L. Yoh III, WG’90** Kay H. Yun, WG’90, and Andre J. Neumann-Loreck** Jordan C. Zaken, W’97, and lindsay B. Zaken, C’00** Shane X. Zhang, WG’98*

2012 Annual Report to Investors 36 Young Franklin society The Wharton Fund

Gifts from $1,000 to $2,499 from MBA Classes of 2006-2012

Anonymous (2) Matthew A. Gotlin, WG’08 Satish Penmetsa, WG’12* Joseph Abbott, WG’12* Adam J. Gross, W’11 Martin U. Peters, W’07* Isaac O. Adejemilua, WG’08* Gerard Gruner, WG’07* Vincent Piau, WG’12* Alexander Adell, WG’12* Wendy Guthrie, WG’12* Alexander Pillersdorf, WG’10 Brian Albarran, WG’12* Niles Ho, WG’08* Kenneth M. Pope, WG’08 Sharif Atta, WG’09* Lauren Huneke, WG’11 Ravi Prakash, WG’12* Deb Bardhan, WG’11* Adrian R. Ironside, WG’08 Narahari Pujar, WG’12* Michael Baron, WG’10 Samuel Isaacson, WG’10 Archana Ravichandran, WG’08 Damien Bates, WG’12* Alan L. Isenberg, C’01, WG’10* Francesco Revel-Sillamoni, WG’12* Marla Bleavins, WG’12* Monica Jan, WG’12* Asaf Rosenheim, WG’12* Avijit Borthakur, WG’09** Nichole S. Jordan, WG’08* Nima Safabakhsh, G’07, WG’07 Amanda Breslin, WG’12* Russell Kahan, WG’12* Vaibhav V. Saraiya, ENG’01, W’01, WG’09** Katherine Broom, WG’12* Salomon Kamalodine, WG’12* Ali J. Satvat, WG’06* Chad Brubaker, WG’12* Hariharan Kannan, WG’12* Tracy B. Satvat, C’99, WG’06* Ajay B. Candade, WG’07 Susrut Kesari, WG’07 Brian M. Schmanske, WG’09 Debashish Chatterjee, WG’07 Jess Kindler, WG’12* Joshua Schrier, WG’12* Jo-Ann Chen, C’00, WG’09** Lauren Knausenberger, WG’12* Eric Sheng, WG’12* Mina M. Chen, WG’07 Elizabeth E. Ko, WG’07* Ying Shi, WG’12* Hyun-Joon Chin, WG’08 Alex Kuperman, WG’12* Akihisa Shiozaki, WG’10* Eunsoo Chung, WG’12* Francesca M. La O, WG’10* Michael J. Sinkula, WG’12* Richard J. Cisek, EE’93, WG’07** Dugan A. Lawrence, Maoyong Teng, WG’08 Megan Cleghorn, WEV’08, WG’12* C’03, W’03, WG’12* Andrew J. Tochterman, WG’08 Aidan Connolly, WG’12* Earl Lee, WG’12* Alona Tolentino, WG’12* William Corrigan, WG’12* Michael Lee, WG’12* Richard J. Viens, WG’08* Brian Corvino, WG’11 Kurt Leedy, WG’12* Christian Vogt, WG’12* Joel A. Dearborn, Jr., W’01, WG’08, and Charles K. Lim, CGS’02, Peter F. Weis, WG’08 nisha E. Dearborn, W’02, WG’07 RES’02, WG’08* Patricia E. Werhahn, WG’08 Jonathan Duffy, WG’12* Andrew Liu, WG’12* Heather Wilkens, WG’12* Jonathan Dyer, WG’09 Robert MacAskie, WG’11* Howard Willson, WG’12* Scott F. Elkins, GEN’07, WG’07* Vineet Mathur, WG’12* Timothy Withers, WG’12* Christopher Fanning, WG’12* Mason Mednick, WG’09 Ka C. Wong, WG’12* Lawrence Fichter, WG’10* Mile Milisavljevic, WG’06* Eric Zarkovich, WG’11* Helen E. Foster, WG’07* Chandan Mishra, WG’12* Eric Freedman, WG’09 Ali Mokhberi, WG’12* Frances Fu, WG’12* Timothy Mullen, WG’12* Zhaokun Gao, WG’12* Shashank Nanavati, WG’12* Joaquin Garcia, WG’12* Anant Padmanabhan, WG’12* Joshua Garver, WG’12* John J. Pan, M’01, WG’12* Linnea J. Geiss, WG’07 Sanju Pancholi, WG’12* Eric Goldman, WG’12* Ronald K. Park, WG’08* Keith Gornish, WG’12* Vrushali Patil, WG’12*

2012 Annual Report to Investors 37 MBA Classes C lass Development MBA Classes Ambassadors

CLASS OF 1948 CLASS OF 1963 CLASS OF 1972 Janifer Burns Salomon Moussatche Robert Blumenthal James L. Noel III Clark N. Callander Stephen Dreskin CLASS OF 1950 CLASS OF 1965 CLASS OF 1973 Jeffrey J. Hewitt Thomas Brennan Paul Allersmeyer Naomi Levin Breman Paul Mathison Howard Berger Charles P. Rogers Valerie Mosley CLASS OF 1951 Elli Streit Gregory M. Solomon Myron Weiner Brian Topping CLASS OF 1975 Richard “Dick” Veith Thomas J. Gallagher CLASS OF 1987 CLASS OF 1952 Roland “Nick” Whitridge Steve Aresty Jack Smith (Chair) CLASS OF 1976 Kenneth Beck Eugene DiRe CLASS OF 1966 Soussan M. Arfaania Henry Chan Milton Silver Tom Hadlock Richard Burcham Warren Colter Marcel H. Guay Sherry Oshiver Lon C. Cross CLASS OF 1956 Peter W. Rowe Diana Davenport Clifford Leventhal Dan Coogan CLASS OF 1980 Bob Domine Thomas Vincent Dick Dahlberg Paul Besancon Stacy Dutton Clarence Hollis, Jr. Catherine Bonnier Grossman Steve Feld CLASS OF 1957 Gerald Sullivan Greg White Cynthia Frick Carl Shaifer Peter Alexander Woolsey David Gilbert Quincy Williams E. Donald Challis II CLASS OF 1981 Pam Harris Leon DeAdrian Matt Hoffman CLASS OF 1958 CLASS OF 1967 John Fetter Ram Kelkar Walter Bruckner Ian Bennett Gary Kokalari Nelson Lam Thomas O. Jones James J. Lennon Jeff Montgomery Kevin Woelflein John Thompson CLASS OF 1982 Bill Palmer Jerry Young Jean Clemons Kate Reed CLASS OF 1959 Paul Zantzinger Andy Cross Fabienne Serafy John Dluhy Todd Drumm Paul Sloate CLASS OF 1970 Mario Ira Cathryn Ploger Taylor CLASS OF 1960 Tom Amato Leanne Tobias Al Borenstine David Ford CLASS OF 1983 Diane Ty William Hickey Joe Huber Christopher Corrini J. D. White Claus Hirsch Julio Leung Anand Iyer Lydia York Henry Janoski Gary Ray Renee Migdal Don Short CLASS OF 1990 CLASS OF 1961 Christian Varin CLASS OF 1985 Guy Bacigalupi Grant Greapentrog Lawana Dumas Edward Cook Frank H. Pinkus CLASS OF 1971 Deb Ulrich Field Tom Courtney Kent Weber Daniel B. Behrend Joel Serebransky Dave Hoffman Roger Low Jasjeet Sood Brian Kim CLASS OF 1962 Veriene W. Mirzy Bill Kissick Patrick Hynes Robert L. Morrison CLASS OF 1986 Kristin Lee-Hoffman Stephen Kobrin David S. Bigelow John Mahlmeister Doug Brown Jay Mantz

† Indicates deceased

2012 Annual Report to Investors 39 Class Development Ambassadors MBA CLASSES

John McAdam Jeanne McPhillips Dolan CLASS OF 2002 CLASS OF 2007 Brian McLoughlin Craig Enenstein Stephanie Cochinos Selorm Adadevoh Joseph Moriarty Darrin Kennedy Barat Dickman Jonathan Adler Peter Morin Rajive Mathur Julien Halfon Kevin Justin Clark David Mussafer Verdere Philpot Geoffrey Hart Sakis Decossard Tim O’Hara Elizabeth Wahab Raj Venkataraman Iyer Raghav Gandhi Gustavo Roessler Marie Williams Steve Lebischak Linnea Julia Geiss Tracy Rosen Alexandra Levin Ken Lee Ron Rosenberg CLASS OF 1996 Khadir Richie Latika Signorelli David Shedd Frank Kotsen Amit Sinha Jay Womack Mark Weinsten Xavier Sztejnberg Leslie Hughes Smith William Wilson Juan Urdaneta CLASS OF 2008 CLASS OF 1997 Luis Vergara Melissa Bryan CLASS OF 1991 Sallie Beason Andrzej Cetnarski Karen Sue Batchelder Peter Falvey CLASS OF 2004 Joel Dearborn Bob Hrabchak Jeanne Fogel Gilles Guillon Samra Haider Laurence F. Ioffredo Ronald Eric Hohauser Paul Lussow Fiona Ho Pasquale M. La Vecchia Michael Kim Niles Ho Alex Labak Catherine Nelson CLASS OF 2005 Craig Isakow Christopher Malone Victoria Penfield Mona Bijoor Rob Jahn Edward “Ted” Nash Feliza Peralta Schuyler Coppedge Bolaji Lawal Miguel Geronimo Osio Montiel Steven Shapiro Caryn Feinberg Joyce Liao Santiago Perez Andras Forgacs Adriani Onie Burt R. Rea CLASS OF 1999 Abhijoy Gandhi Anthony Sawtell Evan Sturza Alysa Kurganska Craig Yuri Keiserman Katrine Sawtell Sarah Hammer Williams Pete Kim Nicole Smith CLASS OF 1992 D. C. Moore Pamela Velarde Mary Cusack CLASS OF 2000 Ben Pettigrew Joseph Hage Victor Calanog Laura Ross CLASS OF 2009 George Chou Suma CM Grace Shieh Hamet Aguemon Joy Dicker Moneshia Graefin Zu Eltz Ian Simmonds Franklin Amoo J. B. Haller Audrey Greenberg J. P. Talmon John Buchanan Peter Kraynak Trent Hickman Hunter Davis Karen Levine Jeff Laborde CLASS OF 2006 Armel Kouassi Jackie Lutz Natalie Tarnopolsky Jay Cecil Joanne Liu Omer Malchin Ari Chester Chris Luhur Mike Mitchell CLASS OF 2001 Karen Cua Sunanda Saxena Antoine Papiernik Jenn Bevan Wissam Darwiche Aaron Schnarch Sujata T. Pherwani Tom Bevan Charles Field James Schroder Pierre Riveau Aldona Clottey Rashmi Gupta L. A. Sergeant-Wilkinson Melissa Feldman Sanjay Khanduri CLASS OF 2010 Debra Taiwo James Fields Joseph Kirikian Javier Artola John Ward Ruth Golan Frederic Lotti Ita Ekpoudom Alexandra Zaporozec Jurgen Habichler Borja Madrid Ajanta Kalyanpur Vivek Jayaraman Justin Markle Takashi Kawasaki CLASS OF 1995 Sophie Ross M. K. O’Connell Shrikirti Mahesh Nancy Casey Jeff Schlosser Serhan Secmen Ty Meeks Nicholas Connolly III Eduardo Strang Steve Woda

† Indicates deceased

2012 Annual Report to Investors 40 Class Development Ambassadors MBA CLASSES

Anusha Prasad Rodriguez WEMBA XXIV Stacy Stokes Michael Wells Charlene Su WEMBA XXV CLASS OF 2011 Mary Tung Deborah Crandall Nigel Cordeiro WEMBA XXVI Walter Czarnecki Lieven Nuyttens Chris Donnellon Rahul Sondhi Benjamin Francois Carl Lonnberg WEMBA XXVIII Megan O’Connor Philadelphia Selina Wang Sharon Wakiyama

CLASS OF 2012 WEMBA XXIX Constantinos Vassiliou Coutifaris Philadelphia Jason Lin Bikram Bakshi Stella Lin Steve Shueh Phyllis Liu Jonathan Wells Veronica Mendiola Tilottama “Riya” Sen WEMBA XXIX Claire Sutton San Francisco Liming Yao Matthew Myllykangas

EXECUTIVE MBA WEMBA XXXI Philadelphia WEMBA VIII Rich Cisek Charles Brinkley Jessica Hatch

WEMBA XI WEMBA XXXII Roman Kyzyk Philadelphia Michael Connelly WEMBA XIV Matthew Gotlin Denise L. Devine Joseph B. Fetterman WEMBA XXXIV San Francisco WEMBA XVII Daniel Sullivan Frank Arcoleo Tina Todasco Wendy Chin Gary Cookhorn WEMBA XXXV Madhu Kalia San Francisco Mukund Sundaram WEMBA XIX Anne Libby WEMBA XXXV Philadelphia WEMBA XX Rachel Cervantes Leslie Golden Brian Corvino Jon Hastings Jim Self

† Indicates deceased

2012 Annual Report to Investors 41 Emeritus-Class of 1959 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

Emeritus ReuNIONS DONORS CLASS OF 1951 Eugene F. Dire Classes of 1935-1961 William P. Camp† CLASS DEVELOPMENT Charles S. Ganoe Total Giving: $201,652 David R. Douglass, Jr. AMBASSADOR Mark H. Goldman Participation: 13% Donald E. Kanally Myron E. Weiner Harvey Grossman Sing King Irving M. Groves, Jr. CLASS OF 1932 George E. Tannehill DONORS Walter R. Haidet Thomas B. O’Donnell John K. Boyce, Jr. Robert T. Hennes, Sr.† CLASS OF 1949 Edward J. Collins† B. Theodore Jacobs CLASS OF 1937 Robert C. Allen William R. Crosby Haluk M. Kilimci Theodore J. Hess Trust Robert S. Bowles Gerald R. Curtis Joseph B. Milgram, Jr. An-min Chung† William B. Eagleson, Jr. Erwin J. Rogers CLASS OF 1938 C. Russell de Burlo, Jr. Raymond J. Hartman, Jr. Philip J. Ruedig Estate of Warren S. Davis Clifford L. Elling† Arthur R. Hartzell, Jr. Milton Silver George F. Fry, Jr. Alexander J. Kay, Jr. John F. Smith CLASS OF 1940 Robert C. Gilmore A. Louis Keil Lewis F. H. Smith Joseph W. Hatch† Donald R. Goodby William R. Knobloch John O. Todd, Jr. Angel M. Martin Ernest L. Grove, Jr. Frank P. Meadows, Jr. Grady E. Jensen J. William Medford, Jr. CLASS OF 1953 CLASS OF 1943 Robert A. Kuhn Christian H. Pedersen Richard M. Burk William R. Krause Thomas R. Pellett George O. Pfaff Warren B. Galkin Seymour Rudich Warren H. Shadek William H. Jewett CLASS OF 1944 David H. Skinner Lucinda W. Kasperson Krongthong Chutima CLASS OF 1950 Robert L. Stern Clark MacMullen Seng Gee Lee CLASS DEVELOPMENT Myron E. Weiner Samuel M. Watson AMBASSADOR Donald E. Whiting CLASS OF 1947 Thomas Brennan Robert F. Williams CLASS OF 1954 Hewitt S. Gurnee, Jr. Omar Burton Wright, Jr. John E. Butler Frank J. Hoenemeyer, Jr. DONORS James F. Coleman Paul R. McClenon Lowell E. Abramson CLASS OF 1952 M. Robert Goldwasser Robert E. Wesp Robert C. Elder* CLASS DEVELOPMENT Robert G. Hoffman William S. Woods, Jr. Helen Lowe Eliason AMBASSADORs John C. Hoyt John L. Kelsey ^ John F. Smith James A. Jacobs William F. Morris III Eugene F. Dire Robert D. Jones CLASS OF 1948 Donald B. Reed Milton Silver George M. Knebel, Jr. CLASS DEVELOPMENT William A. Reinke Norman Masri AMBASSADOR Jerome Snyder DONORS John F. McCoy Salomon Moussatche Lionel N. Zimmer Robert M. Ayres, Jr. Joseph J. Melone ^

William J. Branscom Harvey L. Miller Robert M. Corcoran Arnold B. Mishkin

2012 Annual Report to Investors 42 Emeritus-Class of 1959 Emeritus-Class of 1959 MBA CLASSES MBA Classes

Paul T. Nettler Alfred J. Roman Donald S. Wasserman Edward H. Fielding William L. Nikel Thomas H. Sebring Rodney W. Wilson Alan J. Fletcher Theodore Pedas ^ Henry Shulman Erich Gansmuller Murray Pitkowsky John T. Warmath, Jr. CLASS OF 1957 Carol M. Gatton Sol L. Resnik Richard G. Weiss Class Development Joseph M. Gavula Frederick W. Sauers Edward D. Zinbarg ^ Ambassadors Robert I. Glass † Lawrence A. Sherman Carl H. Shaifer III James J. Hartnett, Jr. Marshall Z. Solomon CLASS OF 1956 Quincy N. Williams Samuel N. Hibbard Estate of John Vollmayer Class Development G. Thomas Hill Armand B. Weiss Ambassadors DONORS Thomas D. Jones, Jr. Paul M. Weissman Clifford A. Leventhal Clark Alvord II Thomas D. Jones Ernest M. Wilkinson, Jr. Thomas M. Vincent Edward B. Brandon Thomas O. Jones Robert D. Corrie David G. Kratzok † CLASS OF 1955 DONORS Paul H. Geithner, Jr. Joel A. Lang Garnett F. Beazley, Jr. Howard I. Blutstein Frederick Goehringer III Richard D. Lanoue Bill R. Berglund Robert C. Butler J. Wesley Gray, Jr. George Leibowitz Richard G. Dooley Robert L. Cahill, Jr. Richard D. Hannan ^ James R. Love Julian M. Gordon Bernard J. Conroy Philip S. Harvey Eugene S. Mann Thomas H. Jones Richard N. Mason William G. Granat William S. Dalton Eugene S. Loughlin, Jr.† Philip S. McMullan, Jr. Charles D. Hawn, Sr. John F. De Pledge Patrick C. Madden Leslie S. Nagler James F. Hinkhouse Frank M. Deiner Lawrence N. Odence Paul G. O’Leary Robert T. McPeek George H. Delanoy Frank W. Edwards Fred S. Schlaepfer John C. Phillips, Jr. George S. Peterson, Jr. Leon Feldt Carl H. Shaifer III Clayton E. Pinder Morton Rachofsky Harold A. Havekotte Raymond J. Staffeldt Clarence R. Reed Alfred J. Roman George G. Hawke John L. Sullivan, Jr. Royal C. Riedinger Harry M. Schnirring Jane Stone Horn Lewis E. Weinstein Robert R. Sachs Thomas H. Sebring John B. Hussey Quincy N. Williams Edward L. Sanders Richard G. Weiss Robert T. Lamkin Martin Scherr Edward D. Zinbarg ^ Clifford A. Leventhal CLASS OF 1958 James L. Smart III Richard J. Cross Norman L. Leventhal Class Development Richard F. Tecca David G. Delong Vincent M. Love Ambassadors Edward A. Weinstein Richard G. Dooley David A. MacLaughlin Walter S. Bruckner William W. Werber Charles J. Farrell Anthony J. Math, Jr. Thomas O. Jones John R. Woolford, Jr. Michael E. A. Gellert James E. Moltz Kevin Woelflein Henry M. Zachs ^ William G. Granat Robert A. Natiello Charles D. Hawn, Sr. David C. Oppen DONORS CLASS OF 1959 James F. Hinkhouse C. D. Peterson Walter S. Bruckner Class Development John R. Kaufman John L. Ray Edith Lloyd Clark Ambassador Jan B. Luytjes William N. Rutledge James A. Cook John Dluhy Robert T. McPeek Sheldon S. Schweikert Robert L. Cooper Robert M. Nied James J. Shepard Robert O. Coulter DONORS George S. Peterson, Jr. Thomas Heyward Simmons Herschel Cutler Juan A. Arill-Miranda Morton Rachofsky David S. Strauss Dana M. Dudley Henry Assael Joseph L. Reilly, Jr. Roger T. Struck Timothy D. Ellard Robert J. Atkins Donald J. Rodriguez Thomas M. Vincent Paul A. Falcigno David I. Bavar

2012 Annual Report to Investors 43 Emeritus-Class of 1959 MBA CLASSES

Harry F. Bower, Jr. David A. Burton Robert Lee Comer Kenneth B. Davenny Albert J. DeGulis Jack E. Dibb John C. Donaldson, Jr. Mark K. Dresden, Jr. Richard T. Ernst Barbara S. Feigenbaum Stanley Fingerman Samuel S. Friedman Philip A. Gehman Bernard Greene David C. Hartney Curvin H. Hollimon Richard M. Johnston Scott C. Lea Robert C. Luce Tan Tek Lum John B. Malcolm, Jr. Gilbert Y. Marchand David T. Michaelson Louis I. Naturman Arthur B. O’Connor O. John Olcay Carmen Ortiz Ramon A. Ortiz Carl D. Packer Richard V. Rikert Mason L. Ripp Richard D. Rooney Charles D. Safford Ivan N. Schatz Lee Edward Schelley Gilbert W. Schlerf Stanley J. Shapiro David M. Sturges Robert A. Sullivan Thomas L. Wheeler III ^

2012 Annual Report to Investors 44 Class of 1960-1970 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 1960 Frank H. Pinkus Robert H. Taupeka James K. Schiller Class Development Kent R. Weber James D. Tucker Paul Schurr Ambassadors Patrick J. Waide, Jr.^ Robert W. Slusser Alvin J. Borenstine Donors Kent R. Weber Bruce M. Smith William Hickey William H. Abrams E. Richard Weiler James P. Wade, Jr. Claus W. Hirsch Robert R. Adams Robert S. Williams Franklin S. Wolf Henry V. Janoski Peter L. Anker Mayer Wolf David G. Boling 50TH REUNION Elwood S. Wood III Donors J. Richard Briscoe CLASS OF 1962 Alvin J. Borenstine Lawrence R. Burtschy Total Giving: $9,420 CLASS OF 1963 David S. Branch Richard B. W. Carney, Jr. Participation: 16% Total Giving: $48,020 Calvin A. Canney Anthony N. Durso Participation: 20% Ashley B. Craig, Jr. Frank F. Embick, Jr. Class Development Ronald E. Davis Walter G. French Ambassadors Class Development John M. Dennehy Robert H. Gottheiner Patrick J. Hynes III Ambassador John K. Easton, Jr. Grant L. Greapentrog Stephen J. Kobrin Robert P. Blumenthal Julius Eisen Albert C. Hann Walter W. Faster Russell G. Harter Donors Donors Morris Godel Keith A. Hauge Robert W. Bergmark Joseph M. Alpert William H. Herrman Lawrence T. Hopkins Richard L. Biegel Jay Alfred Anglada Claus W. Hirsch Arthur J. Humphreys Sewon Chough John H. Beal Roy N. Holmes Frederick Klutey, Jr. Perry T. Christy Robert P. Blumenthal Henry V. Janoski Lee M. Kucera Richard W. Clark John M. Bourne Harry M. Johnson Kelvin L. MacKavanagh Richard B. Cunningham John Peter Braun Thomas J. Mazur John M. McCormick Kinloch F. Dunlap III Raymond C. Burton, Jr. James A. Mullin John R. McLaughlin William H. Egert Stewart M. Butler Walter H. Pfannmuller David M. Mitchell J. Robert Ferrari Laurence D. Chapin Frederick M. Pistilli Philippe Muller Richard A. Furniss, Jr. Suzanne Cutler Charles A. Prigge Roger Murray, Jr. E. Martin Gibson Charles H. Davis Albert M. Reading, Jr. Barry F. Neustein Robert B. Goergen H. Corbin Day** Richard F. Schmidt John J. O’Connor Patrick J. Hynes III Carlos M. de la Cruz, Sr. Marshall A. Smith Marvin Petry Andrew M. Jergens Julian E. Fant, Jr. Donald K. St Martin Frank H. Pinkus John J. Kennedy Jeff Foran William D. Tully Peter S. Pitarys Stephen J. Kobrin Anthony E. Gallo Edward V. Wandersee Alan E. Reed George F. Krall Clifford M. Gillespie Leslie F. Welson Edward F. Reese, Jr. Raymond H. Laub Charles Gitzendanner John G. Zimmerman, Jr. Ira S. Rimerman Robert A. Lieberman Allan J. Goodmanson Herbert E. Sawin II Kahandas N. Nandola John R. Gosnell CLASS OF 1961 Robert L. Secundy Richard H. Negus Bradford Green, Jr. Class Development Jacobus T. Severiens Donald M. Peterson William C. S. Hicks Ambassadors Paul D. Shein Karl M. Pulley Frederic F. Hinze Grant L. Greapentrog Arthur Leon Silvers John P. Reardon Lee A. Huff*

2012 Annual Report to Investors 45 Class of 1960-1970 MBA CLASSES

Walter A. Jachem Kenneth P. Heinze Donors Theodore D. Pennington Robert Jaunich^ John Bruce Henard Leonard J. Anable Dale R. Perelman Dwight L. Johnson^ Richard D. Hofmann David H. Badger J. Robert Ransone Peter A. Korn A. Scott Holmes Paul S. Barrett Robert J. Reagan John J. Landers III Tom G. Hussmann Barry H. Beracha^ Harry P. Ridenour, Jr. James I. Lewis John D. Karcher Howard M. Berger Winfield F. Robinson, Jr. Ralph W. Lindeman Michael J. Kearney Douglas V. Bloom Walter A. Roe William J. McKnight Paul K. Kelly Daniel C. Bolger Toms B. Royal Richard A. Monacell L. H. Knickerbocker, Jr. George H. Breed Arthur M. Sachs Howard R. Morgan James E. Lloyd Chester H. Brown, Jr. Schuyler J. Scutt, Jr. Richard P. Ossen Edward J. Lyons Scott L. Brown George B. Seeley III Albert Pinter, Jr. Gerald H. Majer Richard S. Bullock Ethan A. Seidel Maurice E. Purnell Winn F. Martin William K. Buscaglia, Jr. Peter M. Sherin Alfred Rauch, Jr. Peter S. McDougall James P. Carreras, Jr. Michael Sherwin John E. Reynolds III Terrence J. McGlinn William J. Cashin, Jr. James D. Simpson III Robert B. Roper Robert A. Moore Pei-Yuan Chia^ Wilbur H. Stocking, Jr. John Y. Schreyer III James T. Parkinson III Thomas E. Clune Elhanan Streit** Guerry L. Suggs Jerry H. Pyle Gregory Coleman John A. Stroebele Gary L. Wilson Eugene C. Rainis William L. Derby Peter V. Sullivan H. Jay Zukerman Heinrich A. Rehmann Hugh E. Donahue Frederick B. Taylor George V. Alles William F. Reidenbach William E. Dyer Neil P. Thelen Theodore R. Rosenberg^ Richard L. Fischer J. Peter Thompson, Jr. CLASS OF 1964 Loren D. Ross Kenneth W. Forbes Brian B. Topping^ Total Giving: $32,220 William J. Rysanek Allen D. Gart Lawrence D. Tornek Participation: 19% James H. Sanborn Joe G. Grant Stephen C. Twining Duane G. Sonneborn, Jr.^ Robert M. Halperin Richard L. Veith^ Lawrence L. Anderson David P. Traut Thomas C. Hardy Thomas Craig Watson, Jr. Robert H. Bayne, Jr. Dale W. Van Voorhis John D. Hartigan Roland W. Whitridge G. Gordon Biggar, Jr. Frank J. Wagner David M. Hopkins Robert O. Wilbur Robert D. Bosch Joseph F. White, Jr. David G. Hunscher Andrew M. Wyszkowski Peter F. Branch Bryan H. Wimberly John G. Hunter Edward H. Carr George T. Yang James W. Irwin CLASS OF 1966 Anthony M. Carvette III Neil E. Yarhouse Richard J. Jacobs Total Giving: $51,777 James J. Connors III Paul S. Allersmeyer Leon W. Klud Participation: 15% Eugene C. Devol, Jr. David L. Kniffin David E. Downen CLASS OF 1965 William A. Latta Class Development Leo C. Drozeski, Jr. Total Giving: $59,767 Stephen E. Lewis Ambassadors James G. Ehlen, Jr. Participation: 19% George A. Long E. Donald Challis II Edwin J. Feulner, Jr. William J. Madden J. Daniel Coogan, Jr. Tom Finke Class Development Richard F. McCloskey Richard E. Dahlberg F. Marion Fletcher Ambassadors William F. Messerly II Marcel H. Guay Jeremy M. Fryberger Paul Allersmeyer James A. Michael Thomas K. Hadlock Ronald B. Goettinger Howard M. Berger Alexander R. Morris Clarence Hollis, Jr. J. William Goodwine Elhanan Streit Jeremiah P. O’Grady** Peter W. Rowe Curtis C. Gunn, Jr.^ Brian B. Topping Theodore A. Olson Gerald Sullivan Robert M. Harting Roland W. Whitridge James M. Paxton Peter Alexander Woolsey Jerome E. Hass Richard L. Veith

2012 Annual Report to Investors 46 Class of 1960-1970 MBA CLASSES

Donors William H. Schmidt, Jr. Patricia M. Eisenhauer Ronald D. Schrotberger Peter A. Alexander M. Samuel Self Bruce Evashevski C. Peter Shields James S. Anchin^ Barry H. Shanler Stanley L. Foster John A. Siniscal Philip B. Bannan John A. Simkiss, Jr. Edward A. Fusakio William S. Spears^ Fredric J. Bell Anton K. Simson Stanley I. Garnett II Christopher C. Stavrou Larry L. Bennison Louis E. Stoddard Thomas L. Gipson^ Robert Philip Swartz Donald M. Boehm Richard F. Stradling, Jr. Irving J. Goss Robert M.W. Taylor James A. Bowditch Frank Szabo, Jr. David W. Graff Bruce S. Wagner J. Nile Brennecke B. Kenneth Townsend, Jr. H. Wade Gresham Eric J. Walter J. Mason Brown, Jr. R. David Usilton Mehmet Habbab* Thomas T. Warren A. Richard Casavant, Jr. Manuel F. Villalon Kirk R. Hagan Paul H. Wilson J. Daniel Coogan, Jr. Roger L. Von Gohren John J. Hastings, Jr. Richard D. Wilson John F. Cook Stephen J. Warner Richard S. Hayes William H. Yeckley, Jr. Richard E. Dahlberg Alfred P. West, Jr. Willis S. Hesselroth^ Douglas Q. L. Yee Arthur N. DeWinter Henry W. White George W. Heydweiller Jerry A. Young Robert Stewart Eads Thomas H. Witmer Richard N. Hill Paul T. Zantzinger David L. Evans Oliver E. Wood, Jr. Henry F. Hofmann, Jr. Nola Maddox Falcone Peter D. Zaglio Robert L. Hooker CLASS OF 1968 Albert Patric Finch III William H. Ingram Total Giving: $75,150 Donald L. Flamm 45TH REUNION William F. Jelin Participation: 15% Lawrence A. Fullerton CLASS OF 1967 Gerald M. Johnston Kenneth R. Glaser Total Giving: $182,370 Robert Y. Justis, Jr. James O. Aspin Ralph W. Grambo, Jr. Participation: 18% Kevin J. Keller William H. Baker David W. Grow David S. Kirk Arthur S. Baldadian^ Richard Peter Gunshor CLASS DEVELOPMENT Timothy P. Knabe Stephen A. Bank Thomas K. Hadlock AMBASSADORS John F. Maher Edgar W. Barksdale, Jr. Gary H. Harvey, Jr. Ian Bennett Robert H. Mannal Lee A. Bender Richard S. Hawkins James J. Lennon Thomas S. Marshall William Black III John A. Hendricks John Thompson Dale F. Massing Robert N. Carlson Frank C. Jenkins Jerry Young William F. Masterson† Denis T. Carpio Robert W. Keidel Paul T. Zantzinger Gene R. McGrevin Kenneth R. Cassidy Christopher P. Kirchen James R. McMullen E. Stuart Clymer James D. Kirsner DONORS Thomas K. Miller, Jr. Raymond B. Cohen Jon P. Larrick Thorsten E. Ackerson John J. Nesbitt III* Robert L. Corcoran, Jr. C. James Luther Terrence L. Arndt John C. Parry IV Donald C. Cowles III^ John Peder Maarbjerg Thomas C. Arnold Charles F. Pierce, Jr. Kenneth E. Davis Paul R. McCann H. D. Auerbach Nelson W. Potter Benoit F. Deschamps James L. Mersfelder** James Nelson Bexfield Peter H.S. Redwood Joseph W. Devall Celeste C. Michalski Richard M. Bouhan Daniel W. Robert Peter L. Dornemann Buxton Saunders Midyette John F. Brownley John J. Roche Arthur A. DuLaney III James H. Murray, Jr. Ralph A. Cann III Jean-Pierre C. Rosso^ Charles N. Favazzo Peter W. Murray A. William Carnduff Leonard I. Rothman Terrence M. Finn Joseph V. Newman Fowler F. Cooper, Jr. Jay D. Rubenstein Peter T. Funke S. Donald Oberfield Philip J. Copple Alan L. Saabye Edward M. Gleason Charles C. Pearson, Jr. W. Jerry Cox C. Murray Saylor, Jr. Woodrin Grossman Sydney N. Phin Jonathan E. Devoll Jeffrey C. Sayre Robert S. Hamrin Robert D. Rands Brian J. Duffy Hudson B. Scattergood Robert W. Harris

2012 Annual Report to Investors 47 Class of 1960-1970 MBA CLASSES

Rodman R. Heckman III Robert P. Vocelli George E. Loomis DONORS Robert M. Hernandez Don J. Vogt Thomas W. Morris Anonymous (1) David M. Horn^ Christopher H. Washburn John H. Mullin III Rudolph Abel, Jr. K. Neal Hunt Norman M. Wayne John A. Nesbitt Cameron Adair Brian A. Johnson John S. Witucki, Jr. Thomas O. Niederer Thomas G. Amato Lowell W. Johnson Drew J. Otocka Richard L. Arvedlund David J. Johnston CLASS OF 1969 William L. Paternotte Garland P. Asher M. Gordon Keiser, Jr. Total Giving: $482,128 H. Pierce Pelouze III A. Merrill Ayers Timothy A. Kraftson Participation: 15% George H. P. Pettway James F. Babcock Herbert K. H. Lee, Jr. Howard M. Potratz Roderick G. Baldwin Sheldon S. Liss Robert L. Adair Benjamin R. Punongbayan Stephen E. Barr Peter S. Lynch^ Robert B. Arthur Peter M. Ramsey Alan J. Berdy Henry T. Lyons John W. Bartlett Russell G. Redenbaugh Dan W. Boone III H. Carroll Mackin Robert F. Bavington, Jr. Franklin Reinow Caren Byrd Borland Thomas H. Main Thomas N. Chewning Mark V. Rickabaugh** Richard G. Borso Stephen T. McFadden Charles C. Church, Jr. Steven M. Rothschild Samuel P. Brilliant* Arthur T. McManus Robert H. Coleman Edward A. Rubel Joseph H. Cappalonga^ Douglas D. McNair Thomas B. Collins Henry D. Ryder Richard P. Clarke Richard R. McNeill Kirk A. Cressman Carl F. Safanda Michael R. Coltrane Stuart G. Miller Edward S. Croft III David G. Santry John I. Condon, Jr. Patrick N. Mullane Frederick J. Crowley Lindley C. Scarlett Robert H. Cooper Daniel R. Murphy Arthur H. Darling Richard F. Seamans** James E. Crane Lloyd U. Noland James W. Davidson** Jerry M. Seslowe^ Denis V. Curtin James W. O’Grady J. Edwin Davis III John H. Shaw III Gerard J. Davies Terry S. Overton Robert M. Davis Earl P. Spencer III J.H. Dow Davis Manuel V. Pangilinan David H. Desmon Edward H. Sullivan III Mary Davis Clifford W. Perry, Jr. Dolf R. DiBiasio^ Peter J. Tate Glenn A. Deibert Charles J. Plohn, Jr. Thomas S. Drumm Michael S. Walsh, Jr. Janet Rashkin Desmon William G. Pomeroy Frederick W. Ducca Allan T. Walsh Angel B. Divino Henry B. Rainville II William P. Egan II^ John A. Ward III James S. Doak Eugene E. Record, Jr. David A. Eisenberg John M. Wetherhold, Jr. Edward J. Doheny^ Robert E. Reeves Kenneth L. Fadner David L. Wilson, Jr. David J. Evans Robert S. Rockwell Norman A. Fair Bertram P. Finn Robert W. Romeo John V. Flynn CLASS OF 1970 James E. Fleeger Norman S. Shaffer^ Charles T. Freeman** Total Giving: $117,186 Robert F. Flickinger James A. Shea Vincent E. Furey, Jr. Participation: 15% David B. Ford** Clifford E. Shedd III E. Kenneth Furst Alfred H. Freeman, Jr. David A. Smith Laurens W. Goff CLASS DEVELOPMENT James L. Freeman** John S. Snyder Dwight Grant AMBASSADORS Leonard H. Gaffga Robert J. Stapleton John R. Hallen Thomas G. Amato Robert D. Garth Michael S. Stolbach. Torrence C. Harder^ David B. Ford Bernard P. Gawley Richard W. Stumbo, Jr. Richard M. Hayden** Joseph F. Huber Paula J. Gehr Michael J. Sullivan David W. Howe Julio Leung Asim Ghosh David R. Thomas Thomas J. Keller Gary L. Ray Jan G. Goes Jan M. Twardowski Allan M. Kline Donald J. Short John D. Gonnerman Michael E. Tyler Charles Kurz II Christian Varin Thomas A. Gudiness Edwin S. Valliant III Scott C. Lederman

2012 Annual Report to Investors 48 Class of 1960-1970 MBA CLASSES

Robert V. Henning, Jr. Gary M. Stibel Guy R. Henshaw Richard H. Stowell Thomas F. Hill Macrobert S. Thompson Joseph F. Huber Anthony J. Tonti Collie L. Hutter Drew Tucker William A. Ince John Nick Vinke Dalmacio P. Inventor Donald J. Vredenburgh Michael H. Kaye Robert E. Wederbrand Daniel W. Kollin William Weissenburger, Jr. William H. Langdon Burton J. Willingham Betty H. Langhammer Benjamin Wyche IV Walter E. Lankau, Jr. Robert P. Lentz III Clyde Stephen Lewis** John P. Longhine Robert A. Lowe Richard C. Lufkin Peter T. Macy Alan S. Markle Paul G. Marshall James L. Mater Edward J. McCarthy^ Jay C. McCutcheon Keith E. McDermott Robert D. Moffat Peter M. Montague Alan J. Montgomery David P. Montgomery Lance A. Morrell David L. Nevins Washburn S. Oberwager C. E. Stewart Patrick Richard A. Perkins Mitja M. Peterman^ Edmund O. Piehler, Jr. Robert D. Piety Dennis Ramsier Rodney G. Ravenscroft William J. Raver Gary L. Ray** Louis T. Requard Edward C. Rorer^ Richard J. Rouse Jonathan P. Russell Thomas C. Saylor William T. Schwartz Donald J. Short

2012 Annual Report to Investors 49 Class of 1971-1980 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 1971 Bruce S. Foerster John P. O’Leary, Jr. DONORS Total Giving: $559,418 John David Forter Pedro A. Palma Carrillo Viktor Althann Participation: 15% Arturo Gomez Pina Wayne T. Parman^ Richard R. Baker Eitel R. Gomez James L. Portlock Charles A. Bauer CLASS DEVELOPMENT Ralph D. Griffin Steven D. Pratt Gilman D. Blake III AMBASSADORS John Mosby Harris James E. P. Ring Richard R. Bond Daniel B. Behrend Richard B. Haslett Paul E. Rowe, Jr. Thomas H. Bonnell Roger L. Low Richard W. Herbst Peter S. Rummell Betty Robinson Brown Veriene W. Mirzy Thomas Edward Hipple Peter A. Rutski William T. Brown Robert L. Morrison M. Westye Hoegh Noel J. Schachner Andrew Cacciatore Donald B. Holden Alan S. Schneier John J. Callanan DONORS James H. Howard, Jr. Eric G. Sellix Frank Cerminara Thomas J. Anathan Andrew F. Jackson II Allen K. Shenk, Jr. Peter Chapin Barry J. Arch Edwin L. Johnson Stanley M. Sloan Albert A. Childs George A. Atkinson, Jr. Ronald M. Joseph Francis X. Speidel, Jr. Robert Cook Peter Balint Jeffrey S. Katz^ David L. Squier Theodore S. Corwin, Jr. Richard W. Ball Stanley David Katz William G. Staton Donald F. Crumrine Jeffrey D. Barr Wilfred J. Kaydos Terry L. Stevens Robert C. Dean Daniel B. Behrend Patrick L. Kelly Ronald N. Stricklin James B. Donahue Barry B. Berkowitz Robert C. Kline Frank L. Sullivan, Jr. H. Frank Doroff* Stanley M. Berman Edward J. Kowalcyk Harvey I. Susswein Fred H. Drummond III Alfred A. Bingham III Mark I. Lebo William Joseph Tiedje Herbert R. Edson Geoffrey T. Boisi** Richard C. Lee George E. Tillman Steven E. Ehrlich J. William Bowman Robert N. Lepre Daniel Y. Treves^ George A. Ekman Randall S. Brame Mark J. Liszt Joseph P. Turkel C. Leroy Ellenberger Francis W. Brissette Roger L. Low Charles P. Turlinski Robert B. Fane Robert E. Chappell Jay A. Lurch Thomas H. Turner R. Jeffrey Fast Vincent W.C. Chen Thomas D. Mann, Jr. Richard C. Ware II Sharma R. Fountain Paula H. J. Cholmondeley Kendrick W. Mattox, Jr. James G. Waters Dennis M. Galgano Stephen Crawford Daniel F. McCarthy William M. Watts, Jr. Robert E. Gillon Charles F. Culbertson, Jr. Thomas J. McGeough Paul J. Winters David M. Green John H. Dalton Donald F. McKee Margaret Mary Wyche D. Wylie Greig Kersy B. Dastur J. Christopher Meyer III Mehdi Zahedi Joseph E. Hakim Linden A. Davis, Jr. Kent P. Miller Andrew C. Halvorsen James V. Deane Veriene W. Mirzy 40TH REUNION A. Bruce Harrison Patrick H. Dear Robert A. Montgomery CLASS OF 1972 A. Allan Hayes Guy F. Detrilles** John D. Moran Total Giving: $236,537 William F. Holekamp^ Alan J. Dlugash Brian R. Mund Participation: 14% Steven A. Karpf Timothy O. Fanning, Jr. James W. Neumeister Robert J. Leonard Kenneth J. Fellows Robert C. Nevin CLASS DEVELOPMENT Alain M. Levy^ Arthur L. Fisher John E. Ogier AMBASSADOR Nelson R. Lipshutz James L. Noel III

2012 Annual Report to Investors 50 Class of 1971-1980 MBA CLASSES

William E. Lough II CLASS DEVELOPMENT Richard C. Hoffman Gerald W. Abbott James R. Mantey AMBASSADORS John P. H. Holton Peter Amons Paul S. Marshall Naomi Levin Breman Jane Tripp Howe Stephen M. Aspero Michael A. Mates Charles P. Rogers Richard V. Howe Marybeth M. Banks Gilbert K. McCurdy Frederick C. Ingber H. Andrew Batty, Jr. Louis H. Miller, Jr. DONORS Orville W. Jones Reid C. Becker James D. Morrill Anonymous (1) Paul V. Kennedy Betsy Bennett Bernstein A. A. Neese, Jr. Eric W. Augusta David M. Knott Helen R. Bosley James L. Noel III* Robert L. Banks, Jr. Barbara Levy Landes Timothy A. Brown John J. O’Malley David G. Barber Ben R. Lever Scott W. Burcham Michael G. O’Neil Freda Wilkerson Bass** Kathryn Speaker MacNett Stuart N. Conway Joseph F. Pesce, Jr. Christopher G. Bastis Michael D. Madden Lynn E. Crawford, Jr. John W. Potter, Jr. Paul F. Bellows Larry R. Matlack Lee A. Davies David S. Pottruck W. Russell Bennett III Joe C. McKinney Lawrence S. De Van Jeffrey P. Price Robert S. Bernstein Irwin A. Michael^ John C. Dean, Jr. Pusadee Prichapanich David W. Blair Samuel K. Mitchell Donald E. Eckhart David A. Prill Jean Daley Blair Robert J. Munczinski Stanley A. Ecton Robert A. Renegar Young J. Boozer III Ronald B. Norris Victor H. Emerson H. Ulrich Richard^ Naomi Levin Breman Richard Noth Wilson C. Everhart, Jr. Michael J. Russo Peter C. Brockett Richard Z. Osworth Jay S. Fishman Carl Richard Sadler Patrick J. Brosnan Charles E. Otto Peter J. Gaskin Peter S. Savitz David W. Bush John Patience Thomas F. Gizicki Jean L. Schere Jesse T. Cantrill John S. Phillips Stephan E. Goldman Ned S. Scherer Jacqueline C. Chatmon Nancy M. Pindus Perry Golkin^ Daniel R. Schwarzwalder Marshall B.S. Chawla Bruce R. Pittenger Steven E. Gross H. Thomas Sharpe, Jr. Duncan A. Christie Patrick O. Ring Samuel B. Guren^ Albert Barry Simpson Arthur D. Collins, Jr.^ Richard K. Robbins Peter R. Haidorfer Cyril S. Spiro Charles M. Couric Gary L. Rogalski Barbara J. Hatinger Geoffrey L. Stack David L. Cross Georgia Robins Sadler Charles Henderson III Houston A. Stebbins James E. Daverman^ Jovito Salceda Allen I. Herman C. Richard Struse Maceo N. Davis Bruce R. Schwaidelson Carl P. Herrmann Kevin E. Sullivan Arthur Dimartino Howard A. Sherman Phillip J. Hinman Henry F. Thorne Shigeo Doi William S. Swift Donald M. Hoskins Charles E. Tinsley III Thomas Russell Doughty, Jr. Vincent John Wall Melody Smith Irvin^ Victor Villafane John R. Emmons William L. Wass Milton M. Irvin^ Sherwood M. Walls Robert B. Fairley^ Richard A. Weimert Jack Israel Andrew T. Weinberger Roy M. Fairman** Robert S. Weinroth Peter A. Janus James M. Weiss W. Frank Fountain, Jr. J. David Wertheim Jack H. Keeney Steven L. Whitney Bruce C. Friedman Richard C. Wiggin Bradford W. Kling Charles C. Woodard Howard C. Gartner Mark O. Winkelman^ Norris L. Larrymore, Jr. Robert E. Woods, Jr. Robert Jay Gold Charles E. Zeigler, Jr. Peter H. LaSalle Brad R. Woolsey Carter C. Good Donald F. Leff William F. Yonkers Jeffrey L. Goodwin CLASS OF 1974 Robert Levine Dennis S. Goren Total Giving: $117,699 Robert M. Levy^ CLASS OF 1973 Michael D. Gunter Participation: 15% Charles S. Lichtman Total Giving: $258,617 Steven L. Heiferman Jean P. Livingston Participation: 16% John D. Hittson Josephine S. Madej

2012 Annual Report to Investors 51 Class of 1971-1980 MBA CLASSES

Ralph A. Mariani DONORS Edward J. McCaffrey DONORS Cynthia Uppendahl Marsh Richard J. Anastasi Anthony J. Mendicino Anonymous (2) William F. Martin Theodore R. Aronson Deborah H. Miller Michael N. Abernethy John F. Maybank Paula Washburn Asinof William C. Mitchell Dale A. Achenbach Jack D. McSpadden, Jr. Christian Baillet William H. Moult Glenn J. Angiolillo E. Robert Meaney^ Charles A. Benson Keisuke Muratsu Katherine C. Aurori Jacob E. Mendelssohn Richard B. Benson John G. Phillips, Jr. Larry D. Bailey^ Peter N. Michaelson Alain D. Blanc Brude James E. Pierce Nancy E. Barnes David B. Mullen Charles B. Blume Eugene M. Procopio Edvige Kromayer Barrie^ Dennis B. Murphy David M. Bougopoulos Dorothy E. Puhy Arthur L. Bell S. J. Palladinetti, Jr. Agnes M. Connors Stephen T. Putnam Ann Rosenzweig Berezin J. Garrett Parker, Jr. Laurie S. Cooperman Sam J. Rabinowitz James R. Biery Elizabeth M. Passela David W. Feil James L. Reed Barbara J. Bissell-Howell^ James B. Peterson Jane S. Fershko-Taylor Constantine P. Remoundos Robin Gittleson Bortnick Kenneth P. Prager Jonathan A. Friedman Andrew G. Rolfe Richard M. Brown III Stephen M. Race Thomas J. Gallagher John E. Ryan, Jr. Andrew R. Brownstein Steven J. Richter Rick R. Gaskins Ruth M. Salzman Patricia Hogan Canfield Keith F. Safian Stephen J. Gilhooly Michael P. Sarsynski, Jr. John R. Cleveland Warren M. Schneider Steven B. Gingrich Michael A. Sawchak, Jr. Ellen Goldman Cohen Paul J. H. Schoemaker Janice R. Hannsz John B. Scott Marsha R. Cohen^ Robert B. Shapiro John E. Hannsz Alan A. Shuch^ John A. Condon Henry R. Shean John Z. Hecker Ronald M. Soldo Barry J. Coyle Richard B. Skilton Henry C. Heller Diane Hayford Sonnecken Helen M. Coyne Frank T. Smith, Jr. James Brad Hendry, Jr. Paul D. Sonnecken Katherine C. Creighton Cherida Collins Smith^ John K. Herr III Emily A. Sopensky Vincent R. Cuiule Roger J. Smith Francis J. Herron Lucy Hertel Staley Neal Curry Thomas L. Snyder Helen Klemm Hill William B. Tracy Daniel Dalley Paul W. Soldatos^ Vance L. Hodnett Andrea E. Utecht William B. Davis III Henry F. Strozeski, Jr. Thomas S. Hoelle John A. Vitkevich, Jr. Jean K. Davis A. Mac Donell Thayer Robert G. Holdway Peter F. Vonkaufmann William L. Dawson, Jr. Daouda Thiam James K. Hunt L. Thomas Welsh, Jr. Debra Kulikowski Decker George J. Titus Bernard K. Jarvis Elliot F. Whipple Frank P. Deleo Jeffrey A. Warner Harry J. Kangis Elmore A. Willets III Piero D. Di Capua William T. Webster, Jr. Linda Miriam Kates Ryujiro Yagasaki Michael A. DiGregorio Samuel J. Weinhoff ^ Robert K. Kazanjian Joseph H. Young Constance L. Dollase* Sara Woolston Calvert T. Kendrick Tim P. Yu Duane R. Downey Nywood Wu Henry S. Kettell Robert F. Ziegelbauer Eric M. Elfman James E. Yacobucci, Jr.** Karen Fink Kupferberg Daniel F. Zinsser James A. Finkelstein Douglas H. Zanzot Gerald G. Lawrence Barry Zwarenstein^ David N. Fleischer Judith Brill Levine John M. Fox CLASS OF 1975 Leonard A. Levitt CLASS OF 1976 Bruce J. Gamache Total Giving: $61,929 Richard B. Lieb Total Giving: $236,005 Stephen J. Garchik Participation: 14% Fred O. Lieberberg Participation: 14% Donald A. Goodwin Elsa M. Little David M. Gordon CLASS DEVELOPMENT Nirmal V. Manerikar CLASS DEVELOPMENT George T. Guernsey IV AMBASSADOR Mary Jo Martin AMBASSADORS Andrew P. Harwood Thomas J. Gallagher John J. McArdle III Soussan M. Arfaania Barbara Theis Hazlett Richard Burcham Sherry Oshiver

2012 Annual Report to Investors 52 Class of 1971-1980 MBA CLASSES

Hollis S. Holm Joan L. Weiner Kent S. Hughes CLASS OF 1978 William K. Hsieh David P. Wheeler Walter G. Jones Total Giving: $103,622 Donald D. Humphreys^ Philip J. Whitcome Karen Wallace Josue Participation: 16% Robert L. Johnson Brian H. Wildes Patricia W. Kambourian Wayne A. Josephson* Richard J. Willbrant, Jr. John M. Keller Anonymous (2) Barbara Lawrence Kaiser Harry H. Wright Dean C. Klevan, Jr. Rex H. Anderson, Jr. Peter T. Kambe Mazen S. Zein^ Barbara D. Knox J. Scott Andrews* Wayne L. Klehm Nicholas J. Zocchi, Jr.* David L. Kornblau^ Dale E. Barnes, Jr. Carol S. Klein Steven R. Zuch David Krakower* Valerie Lancaster Beal Robert A. Kosian A.A. La Fountain III Totney B. Benson Kenneth N. Levy 35TH REUNION Jonathan S. Lang Amy Susan G. Blackstone Lydia C. Li CLASS OF 1977 Kathleen Rifkin Lantz Michael S. Blechman^ Carolyn A. Lowther Total Giving: $168,481 H. Joseph Leitch III** Brenda R. Bonhomme Thomas M. Luddy^ Participation: 13% Ralph Lim Lucy R. Boyle John E. Luth Janice Hotra Luddy^ William R. Brandt, Jr.** Alexander P. Lynch Samuel T. Adenbaum Elaine T. Markezin David M. Breedy Jim Maley James V. Agnello Juan P. Marquard L. Marshal Bryant John F. McCartney^ Pauline J. Albert John L. McCarthy John M. Campbell James B. McElwee^ Melvin T. Andrews Carol C. McMurtrie Stephanie Tramdack Cash Andrew G. McMaster, Jr.^ John P. Aubin Robert E. Mescal, Jr. Robert J. Chalfin W. Patrick McMullan III Charles Banks Sari Miller Rita Hackel Chapin Kim E. Michelstein Grant G. Behrman Howard D. Mirowitz Eugene A. Charon Joan Minella Millane Robert A. Berman Richard C. Oppelt John Chester Deborah Tindall Moore Jane B. Bierwirth Fred T. Perlstadt Robert C. Clark Arthur L. Murray Helen M. Billak Glenn A. Peterson Hedy S. Cohen Rosalind Shapiro Neff Carol R. Burnett Mark D. Quigley Richard J. Craig Roy S. Neff Jere A. Carangelo Scott W. Reid Thomas C. Deas, Jr. Roger L. Neuenschwander Donald G. Cassidy, Jr. Ira D. Riklis George D. Dimitriou Catherine F. O’Neal Hayes B. Clark Carl E. Rosen Robert L. Dudiak Fredrick K. Orkin Steven J. Cohn David L. Rosenblum** Sharon Banks Duncan Clifford A. Perez Ernesto Cordera Jeffrey K. Rothenberg K. James Ebeling* Kathleen G. Putnam Robert C. Cunningham Robert A. Rudzki Andrew C. Eustis Anne Moosman Roher Elizabeth H. Devanny Donald M. Russo Jay M. Fischer David J. Root Stephanie F. Deyo Mark J. Shorstein Arthur M. Fliegelman George S. Schott Mark K. Exley William E. Silverman Richard L. Foreman Gregory W. Sedlock Robert C. Ficke III Dale J. Simpson Theodore S. Francavilla Dabney L. Sharp Sharon A. Fordham Robert F. Storch Eileen Gibney Andrew P. Siwulec Iris D. Frank Caesar F. Sweitzer Richard S. Goldberg Lawrence K. Spitz Douglas F. Garrison Gail Schreier Tulcin Richard J. Green Dola Davis Stemberg Robert L. Glicksteen Gary W. Tureck Mary H. Haddican Ronald F. Stengel William G. M. Goetz Judith H. Van Gorden Joann Hanson Bonnie E. Strauss Richard A. Goglia Mark S. Waldman R. Melbourne Haughton John L. Sullivan, Jr. Donna O’Hara Golkin David L. Walline Margaret J. Heckman Charbel H. Tagher Mark J. Hanchar Robert B. Washabaugh Michael Hess Barbara Howard Teaford Robert E. Harris William B. Wiener III Paul M. Higbee Shirley G. Tessler Mara W. Hilderman Sankey V. Williams^ Brad Hintz Kenneth I. Tuchman^ David G. Hirschland Francis D. Wright III Meryl Cooper Hirschland Steven H. Tyre Thomas J. Hoskins^ Jeanette Cochran Young Anne E. Hoover

2012 Annual Report to Investors 53 Class of 1971-1980 MBA CLASSES

Edgar R. Hopkins Kathleen Ann Walters H. Joseph Horowitz Rosalind A. Walrath Douglas E. Howe Gary B. Weinstein Thomas B. Hottenstein Andrew J. Wellenbach Thomas S. Hull William J. Williamson III Judith Fox Javelly Jeffrey J. Wolking S.A. Ibrahim^ Scott T. Willson Fred E. Jennings Selwyn Isakow Margaret M. Wrynn Eric Kessler^ CLASS OF 1980 Bernard C. Javelly Thomas P. Zarrilli Robert A. Kors. Total Giving: $187,119 Marion C. Jordan Charles R. Zellerbach Stephanie K. Kushner Participation: 17% Andrew A. Juster Elizabeth Kendall Zug James W. Lambert Judith E. King Graham F. Zug Bruce N. Lassman CLASS DEVELOPMENT Terrence P. Kluck Barbara Levi^ AMBASSADORS Zulfiqarali H. Lakhani* CLASS OF 1979 Pierre L. Levi^ Paul Besancon Allen J. Levinson^ Total Giving: $215,829 George M. Levitt Catherine Bonnier Grossman Nancy Zukerman Liscow Participation: 12% Bernard S. Loredo Greg White Robert J. Mathien Michael C. Lowengrub George Whitfield McDowell Anonymous (1) John A. Luke, Jr. DONORS John S. McKinney Laura B. Badian James R. MacGregor Anonymous (2) Rodney A. McLauchlan^ Graham W. Bauerle Stephen P. Maidman Herbert E. Althouse, Jr. Larry E. Miller Susan Kaplan Becker Randall David Marks Sanford Anstey Gary H. Miyashiro Wightman S. Beckwith III Franklin D. Marsteller Suzanne M. Attwood Pamela Moench Larry R. Benfield Anne M. Molloy Karl W. Barnes Elaine M. Naddaff John A. Berg Stephen A. Morocco Ann H. Barnett Edwin N. B. Nalle William R. Bintzer William B. Morrow** David A. Barrett Samuel Nanes Marc Braunstein Kerry Mueller Susan L. Becker John S. Neff John A. Brinker Meryl D. Pearlstein* Mateo A. Beja Nancy Fuld Neff Beth Burnam^ Steven T. Pomeroy Arlyn R. Bell Debra M. Oremland Barbara Hansen Carper Jess M. Ravich^ Milton R. Berlinski** Seth G. Parker Peter F. Chamberlain Paul J. Reszutek^ Arthur H. Berman Dalip Pathak Simeon Chow David P. Reynolds Mark R. Bernfeld Lisa Pearson Prescott Erle S. Cohen Mary Blier Reynolds Saumyendra Bhattacharya Mark A. Prescott Robert Comer Rhonda B. Rosen Eugene V. N. Bissell^ Janice R. Promer Brian E. Crowley Joan Behr Schaeffer Judith E. Blake^ Joseph D. Punia^ Judith G. Darr Stephen T. Shapiro^ James D. Blinn Gloria V. Rabinowitz** Ted L. Disabato Janet Lim Simons Christopher Borch* Barbara Goodman Raho James C. Dragon Joseph L. Simons C. Keith Burgess Philip M. Ritti Connie K. Duckworth^ Robin S. Sitver Donald D. Capelin James A. Robison, Jr.^ Michael P. Dugan Ricardo Soichet Leo H. Chen Michael R. Rogers Susan Eichen James B. Stake John E. Chester III Ronald E. Rothrock Louis A. Ferraresi, Jr. John B. Stine II Debra S. Chester Lisa Sarracino Boucek Daniel J. Fink Keith Stock Richard M. Cureton Peter D. Schiffrin Bruce R. Frank C. Jairus Stratton III Teresa L. Dekalb Susanne Schmitthenner George Wesley Gephart, Jr. William C. Sweeney, Jr. Thomas J. DiClemente Jean M. Sennett Gary F. Goldring Merle R. Symes Suzanne F. Donner Debra B. Silversmith Robert A. Greenman Lori Thompson David B. Driscoll Ellen S. Smith Jeffrey M. Gudman Frederic F. Tompkins James F. Drury Linda Stotter Roger C. Hamilton Charles Tseng Donald D. Eavenson, Jr. D. Timothy Tammany Jan Goldberg Harris Gregory S. Uchimura Paul S. Efron Allen B. Uyeda^ Andrew M. Heller^ Judith Underwood Fredric Etskovitz Marc R. Vandamme Nicole Feuerring Hill* Eric S. Von Berg David N. Feldman

2012 Annual Report to Investors 54 Class of 1971-1980 MBA CLASSES

James D. Felter David A. Minkus David B. Fitzgerald Mary Elizabeth Miracky** Florence Fong-Lopez Douglas E. Molstad Gary R. Fraser Thomas W. Moore Michael B. Garfinkle^ Randal Morgan, Jr. William S. Green Bruce L. Newberg Elyse R. Greenbaum Brenda O’Grady Liistro* Joel M. Greenblatt B. Craig Owens Charles F. Gross Bernard E. Palmer, Jr. Catherine Bonnier Grossman Kim K. T. Pan^ Ellen Weitzer Haber John A. Piotrowski* John R. Hadley Richard S. Pzena Herbert A. Hansen Lawrence J. Richardson Frederick N. Hartman Louisa C. Ridgway Donna Nelson Heller Curtis P. Robb Mary Ellen Hennessy-Jones John M. Roth^ Cynthia Honn Hillas B. M. Sadowski-O’Neill Kristine F. Hintz Peggy Frischer Schwartz Marylyn T. Hoenemeyer Sharon Jaffe Schwartz Dan W. Hoerig Kenneth Dunlop Scott Robert K. Howard Rosalind S. Seiden Carol A. Ingald Alan M. Shapiro Sharon Tuberty Jahnke Ruth A. Shields Dariel I. Jamieson Ronald R. Spoehel Edward S. Johnson Frederick M. Strader William F. Jones, Jr. Bonnie M. Strittmatter David S. Kalapos Catharine W. Trauernicht Barry A. Kaplan Susan Barnes Tribble** Leonardo D. Katz Mark R. Tucci Rachel Wilson Kilpatrick Judith B. Warren Robert A. Kmetz Kristin T. Westfall Margarita Knoepffler Gregory A. White** Michel R. Kohner Constance H. Williams^ Sandra S. Kurinsky Thomas A. Wimberly Curtis S. Lane Steven R. Woolford Kenneth J. Lichtenstein Richard Zimmerman Paul T. Liistro* Mark L. Zusy Janet Susan Loeb James C. Lordeman Jay R. Mactas Nan E. P. Major Claude M. Marion^ Carmen E. Martin Genevieve F. Matsumoto Robin Wallach Matza Audrey D. Meyers Marilyn Teplitz Miller Michael D. Milone

2012 Annual Report to Investors 55 Class of 1981-1990 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 1981 Andrew J. Frommer Denise Pancari DONORS Total Giving: $221,395 William J. Goss Elizabeth G. Pierce Anonymous (2) Participation: 16% Evan M. Graf Scott M. Pinkus^ Laurence Allen Melanie Dorain Green Sonya E. Prear Edward N. Antoian CLASS DEVELOPMENT Richard L. Greenberg Claudia Quintana John F. Ausura AMBASSADORS Robert C. Greenberg Geoffrey S. Richards James P. Baker, Jr. Leon DeAdrian David J. Haemisegger Ricki R. Rogers Thomas J. Barreira John Fetter H. Brereton Hall, Jr. Bret E. Russell Irene B. Bartenstein Gary Kokalari Douglas L. Heguy Richard A. Sapp^ Sherry Salway Black Janis S. Hersh Victor M. Sauerhoff Jon D. Bosse DONORS Peter G. Hildick-Smith Robert A. Savett Nancy E. Boyer Todd K. Abraham Thierry Ho Craig H. Scott David Bradley Ilene C. Albert-Nelson Dale E. Hower Eugenio Sevilla-Sacasa William A. Broadhead Paul J. Bailey Stacy B. Humphrey Michael J. Sherman Robert E. Butman Col. Christopher L. Baker, Jr. M. Elisabeth Kandrysawtz Marie A. Shmaruk Gordon L. Chanen David H. Barber Beth J. Kaplan Harriet F. Smith Wei Chi Jean L. Bartell Barber Edward L. Koch Alan Sooho Janet Frances Clark Barbara Mc Clearn Baumann Shigeru Koga Philippe Soussand Nora Liss Contract Michael A. Benjamin Gary Q. Kokalari Piotr Stamieszkin Stephen W. Coon Judith L. Bollinger Leslie C. Koo Elliot J. Sussman H. Andrew Cross* Claudia R. Braunstein Robert C. Lang William Keller Swalm Wayne H. Crow Richard B. Brown, Jr. Patricia Klaas Laubach Ernesto L. Tinajero John N. Davis Mary Ann Pesce Choate Paul A. Laubach Roberta M. Todd Nathaniel A. Davis P. Kay Coleman Kevin J. Leddy James A. Urry** William J. Delaney III** Bruce R. Collins Jeanne M. Lee Sue E. Weinstein-Nussbaum Michael A. Delaney Thomas N. Cook David T. Levine** Karin N. Weisburgh^ Richard Donnenberg Carol A. Curley Robert H. Lindauer, Jr. Theodore A. Westley Kathleen Y. Dougherty Leon De Adrian** David Alan Longfellow Mindy Geltzer White** Phyllis S. Feeney Pamela S. Dickson Sharon Lowenheim John L. Wise III Daniel K. Flatley** John R. Dilyard Bennett R. Machtiger Amy Halperin Wood Helen Fox-O’Brien J. Kevin Dolan Stephen J. Marmon Jeremy M. Zucker Gregory H. Gac Joe Ducceschi Mary Dudley McCarthy Suzanne F. George John D. Durrett** Catherine A. McHugh 30TH REUNION Karen L. Goldstein James F. Earl Nancy E. Melcher CLASS OF 1982 Barry A. Gradman Sandra Seidman Earl Kenneth D. Moelis Total Giving: $352,342 Michael S. Gray Stephen A. Eason** Mary Penniman Moran Participation: 15% Richard A. Gray C. Thomas Faulders III Brian E. Nerney Kevin R. Gruneich Barry S. Feigenbaum David S. Newton CLASS DEVELOPMENT J. Pemberton Guerry Bryan J. Fields Mark D. Niehaus AMBASSADORS Maureen Ryan Guerry Thomas J. Fleisch George L. Noble Jean Clemons Ronald S. Haft^ Sheree Gehman Fleming Steven A. Okin^ Andy Cross Robert H. Hartheimer Lynn Dawley Forsell^ Deborah Gohh Ouyang^ Todd Drumm Martha M. Heidkamp William J. Forsell^ L. Anthony Pace Mario Ira Hillary Apelbaum Heyl

2012 Annual Report to Investors 56 Class of 1981-1990 MBA CLASSES

Denise E. Higgins John T. Schreiber Manuel A. Gana Gordon J. Ng John L. Ho James D. Shaffner Steven C. Gee Bruce Y. Ong Cora M. Ingrim John W. Shaw Robert J. Glaser, Jr.^ Louis J. Paglia Timothy L. Johnson A. William St Clair Arthur A. Gosnell^ Midge G. Palley** Judith Plocher Kaaua Alan J. Steiner Leslie Kramer Grant Simon D. Palley** G. Kent Kahle Kenneth R. Stevens Clinton L. Greenbaum Ellen B. Perl Douglas James Kahn** David B. Straut Elisa Fishbein Greenbaum Carol A. Peyser Neil B. Kauffman Paul C. Sung Jeffrey P. Greiner^ Steven Peyser Sheila A. Keller Brian Thurman David T. Hamamoto Lynn Nurre Rawlings Peter N. Kellogg Chang Lin Wey* Albert Hansen Tristan P. Renz^ Paul C. Kelly Margaret L. Whitford^ Ian Harris Don M. Rifkin Elizabeth C. Kent Thomas K. Whitford^ Gregg W. Hawes Andrew L. Rinzler Maria Lewis Kussmaul James A. Hayes Leslie J. Rohrer Suellen L. Lazarus CLASS OF 1983 Scott R. Henkin Joseph B. Rubin Leslie K. Lichter Total Giving: $128,385 Douglas W. Herz Nils D. Sellman, Jr. John G. Lohman Participation: 14% Beth A. High Kim J. Sermersheim Laura Hitt McCann* Kenneth C. Hoffman William K. Shan Peter McMillan III CLASS DEVELOPMENT Julie A. House I. Douglas Sherman Maureen A. McMunigal AMBASSADORS Anand S. Iyer Allen R. Siegel John D. Mittnacht Christopher Corrini Balakrishna S. Iyer James E. Solberg Alvin T. Miyasato Anand Iyer Seth H. Jackson Phyllis Steinberg-Ellenbogen Garrett M. Moran Renee Migdal Gail G. Jacobson Bradford S. Stone Michael J. Morrow Anju D. Jessani Roger L. Strong, Jr.^ Georgeana R. Neff DONORS Evan Jones Jing Shyh Samuel Su John A. Nelson* Anonymous (1) Paul Breckinridge Jones, Sr. Subramanian Sundaresh Jay S. Neyer Peter C. Aberg Francis W. Jump, Jr. Gregory D. Sutherland Dana J. O’Brien Rajeev Agarwal Sandra R. Kahn Robert H. Thim Paul L. H. Ouyang^ William M. Andersen John B. Kendrick Randall C. Thompson James Palic Afzal A. Assur Clementine Baker King Benjamin C. Tysch Andrew C. Paller Michael W. Balladon Stacey Shreiner Kley Peter C. Van Allen Douglas D. Perley Alan D. Barnett Steven A. Krohn Robert E. Weeden Paul H. Phaneuf Cynthia G. Biondi^ A. Raj Kumar Charles D. Williams John G. Popp Amy Blau Robert J. Laskowski Helena Wong A. Hobart Porter Judith A. Borcz Bernard J. Lillis Philip L. Yang, Jr. Henry Posner III Ronald Cassano Cynthia Oaks Linville Douglas A. Yorke, Jr. Clifford Ian Rackson^ Bic L. Chan Ronda Halperin Lubin Joseph A. Young Sita Ramaswami Mark Timothy Clark Eva Mallis Trudy M. Zohn Lynn Steinberg Redd Wayne A. Comer Douglas H. Marshall Kurt E. Reiger Peter A. Cummings David W. McAlpin CLASS OF 1984 Marie A. Repko Juliana B. Dalton Robert D. McLaughlin Total Giving: $175,203 William B. Rever III David L. Davies Kevin W. McMurchy Participation: 13% Laura M. Robinson Mary F. Dermody F. William McNabb III** Louis S. Rosenfeld Peter M. Drittel Stephen Mead, Jr. Anonymous (4) Barbara K. Rosengren Jill Gardenswartz Ebstein Roger J. Messersmith Ellen H. Adams^ Moses J. Rosenwasser Tracey Eve Johnson Robert M. Michaels Mary Aduckiewicz Barbara J. Salter Davis James D. Field Jay B. Minkoff Douglas S. Arnold Edward A. Sarkisian Mark B. Fisher Sheila Gilligan Mossman^ Cheryl Zapolsky Bader Judy Piper Schmitt D. Daniel Fleet^ Stephen R. Munger Jane L. Barnet

2012 Annual Report to Investors 57 Class of 1981-1990 MBA CLASSES

Lawrence D. Bartimer Thomas E. Little CLASS DEVELOPMENT Pamela Hite David J. Bates William Thomas Lockard^ AMBASSADORS John L. Ho Katherine M. Berman Thomas B. Mandel Lawana Dumas Amanda Hodgson Hompe Curt M. Biren Frank A. Maturo Deb Ulrich Field Thomas R. Huff David A. Bowen Miriam S. May Joel Serebransky Wai Lun William Ip Jodi Gesner Breitbart John L. Meder Jasjeet Sood Jed D. Johnson Joan C. Britt John F. Megrue, Jr. Kathryn Lee Johnson Daniel G. Broos Lizanne Galbreath Megrue DONORS Hillary M. Kahn Sandra J. Carrithers James A. Muenzer Yong-Chan Ahn** Ted I. Kaminer Samuel R. Chapin^ Edward Mule Lawrence J. Ames Celia Stavroula Kapsomera Klaus H. Chavanne Adil D. Munshi Elisa Joseph Anders Bruce Kasanoff Wayne J. Civinskas Thomas A. Patterson Steven E. Anders Kathryn Jonas Kasanoff Angela K. Cullen David A. Piacquad Lisa J. Archinow-Katz Steven M. Kaye^ William H. Cunningham John M. Reiss Jeffrey W. Baker John A. Kleban Thomas D. Daniel Scott D. Renninger Bonnie M. Bandeen Lee Ann Kline George Andrew Davala** Anne B. Richardson Peter W. Barnes James H. Laird David C. D’Orlando Joseph W. Rogers, Jr. Lisa Benjamin William T. Lawrence Allan B. Duboff Claudel V. Romney Robert H. Blake III Stephen A. Leaf David E. Eckmann Denise W. Romney Albert G. Blakey Ruth Newborg Lightner Yaron Eitan Edward S. Rosenbaum Dennis B. Bloch Lisa Z. Matthews Joy D. Elliott Jack J. Ross Rendell L. Brewster Lewis M. Miller Kimberly D. Font Paul F. Rubin Myra Goldstein Brown Scott Lewis Miller ^ Joseph J. Francfort Michael P. Russomano, Jr. Dennis C. Byrd Seth D. Model Antonio A. Gates Charles J. Santos-Buch Edward L. Carey, Jr. Emmanuel U. Modu Amy Kittredge George Robert H. Shorb, Jr. Steven F. Carman Craig T. Monaghan Robert D. Glaser Peter Sklar Daniel W. Cassens Alexander V. Moomjy Allen S. Goodman Larry J. Stoehr Mary A. Cate James N. Mordy David S. Graff Anne Carswell Tang Carl L. Cohen Sally Scott Moser Elaine Goldberg Harris Benjamin B. Tang Craig F. Cook Mary S. Mountford Frank M. Hatheway Richard B. Thorp Craig A. Corelli Thomas R. Moyes Marilyn B. Hebenstreit Donald C. Tison Michael S. Dana Barbara R. Neuberg Jean A. Hellering Peter C. Tittmann Philip M. Darivoff ^ Michael V. Nguyen J. Adam Hitt Donald W. Torey Alice Depicciotto Catherine Cumberpatch Ogle David T. Hov Stewart A. Turner Blair M. Duncan Michael G. Pailas Lisa Williams Ireland Earl D. Varney Julie Heywood Edwards Michael C. Palitz David L. Jaffe Frederick L. Walters Robert M. Ettinger* Stephen K. Pasterchik Gilbert Eric Johansen Bradley G. Watts Ellen Frasca Evans Lawrence W. Pinnock Joseph A. Jolson^ Susan Hall Weeden Lisa B. Finn Michael P. Pinto Howard S. Kaplan Paul E. Wei Kimberly Nedelman Fish William S. Pitofsky Sharon Keld Warren S. Weiner John A. Garth** Eleni A. Pournaras J. Judge Kelley Joan Whelan Bowen William H. Gavelis Kenneth P. Provencher Susan S. Ketcham Patrick F. Whelan Thomas A. Girlich Kumar A. Ram Brian F. Kiely Christopher E. Wuthmann Richard J. Greenfield Kathryn A. Roland James L. Knighton Stanford T. Young Elizabeth C. Greshin Randon Q. Roland Lori G. Koffman Corey M. Yulinsky Karen L. Grimes Karen Evans Rose Felecia Green Kornegay Frederick P. Zarrilli Kent C. Griswold Robert L. Rosner^ Anne P. Kortlander James N. Guller Marc J. Rowan Charles M. Kuchenbrod CLASS OF 1985 Curtis A. Harris John W. Russell, Jr. Henry C. Lee Total Giving: $146,855 Yosi N. Heber Mary Murphy Russell Robert C. Lieber Participation: 16% Todd C. Herrmann Richard B. Samuelson

2012 Annual Report to Investors 58 Class of 1981-1990 MBA CLASSES

Dean M. Scheinert Kenneth L. Barrett III John Gregory Higgins Debra Starr Rubenstein Earline C. Schmid Eric P. Batterman David Stephen Hope Michael L. Rubenstein Howard J. Seibel Benjamin Clayton Bell, Jr. Daniel S. Hudson Betsy P. Sands Joel G. Serebransky ^ Claire Kinney Berg Miles Conrad Huffstutler III Steven F. Schiffman Vincent A. Sheehy ^ Mattias V. Bergman Mark E. Irwin Dennis Paul Shak Steven B. Silverstein^ Donna H. Berry Marla G. Jeffrey Stephanie J. Simon Karen Vecchio Simons David S. Bigelow William M. Jewett** George Tiong Siy Richard W. Slocum Thomas William Biltz Mark J. Johnson Stephen Joel Smalling Eleanor Pagano Smith Gary A. Binning Kim Young Kassin William A. Smart Richard B. Steele, Jr. Robert J. Bishop^ William S. Kelly Barry Roland Smith Beth Somers Stutzman Steven F. Bouck^ Michael B. Kessler Catherine C. Smith Daniel E. Sutorius Robert D. Britt Il-Hyung Kim Steven Sosnick David J. Trone Kenneth A. Bronfin Deborah M. Kinzer Warren L. Strickland, Jr.** June Malament Trone Douglas A. Brown Craig L. Knebel Ajit Surana** Edward R. Vaimberg Andrea E. Bucuzzo Gerald D. Knorr Deebie Symmes Suzanne Valdez Janifer M. Burns Peggy J. Koenig** Robert Karnig Vahradian** Alain R. Valles Karen Elizabeth Burns Jerome E. Kornblau Patricia A. Verrilli Paula M. Vanderhorst Didier J. Choix Charles R. Kronauer L. Dustin Vincent David W. Verhille Andrew J. Cohen Cynthia Prescott Kuster John J. Vresics** Cynthia P. Walden David M. Cooper Jimmy Kwong Neil A. Weiner^ Mark C. Walden Laurence D. Cornell Risa J. Lavizzo-Mourey Faye Ilsa Weitzman Thomas J. Waleski F. Michael Crawford Edgar David Legaspi* Adlai W. Wertman Mark J. Walker John J. Curry Kanetr Lerthirunvibul* Richard Gerwyn White** Claire A. Walton Joseph H. Demont Robert G. Levine** Irene F. Wolpert Allen A. Weaver Stephen T. D. Dixon Darius Lilaoonwala Jan S. Wolpert Jennifer Sullivan Weaver Cynthia Hall Domine Steve Literati Jeffrey M. Wymard Thomas L. Wiese Elizabeth S. Dunaier Michael Loughran John J. Zaharchuk Nancy H. Yue Stanley M. Ellis Gregory S. MacDiarmid Susan Haines Zaharchuk Glenn C. Etter Mary B. Malhotra** 25TH REUNION Kenneth S. Ziebelman Christian A. Felipe^ Vikram Malhotra^ CLASS OF 1987 Julia E. Ferguson* Cynthia Lee Martin Total Giving: $523,679 CLASS OF 1986 Charles M. Fleischman Timothy P. McCann* Participation: 24% Total Giving: $204,760 Deborah S. Fong James W. McKenzie, Jr. Participation: 17% Wilson M. Fraser, Jr. Jodi Lee Mesirow CLASS DEVELOPMENT Gregory B. Fraser Mary Reaves Morgan AMBASSADORS CLASS DEVELOPMENT Seth Frazier Paul D. Murphy Steve Aresty AMBASSADORS Alvaro Julio Freyre Angela Susan Nesbitt Kenneth Beck David S. Bigelow Eileen P. Freyre Michael R. Nicolais Henry Chan Douglas A. Brown Jane F. Fried Carolyn B. Ottenbreit Warren Colter Janifer Burns Douglas B. Gips Mehmet Cengiz Oz Lon C. Cross Clark N. Callander Amy Jaller Gleklen Arthur H. Penn Diana Davenport Stephen Dreskin Richard J. Goc Robert W. Petit Bob Domine Jeffrey J. Hewitt Jon M. Goldstein James Paul Poe Stacy Dutton Paul Mathison Liran Alon Gordon Jordan F. Posner Steve Feld Valerie Mosley Lawrence D. Greenberg^ Mandakini Puri Cynthia Frick Gregory M. Solomon Richard T. Greenwood Glenn Thompson Rieger David Gilbert Kirk S. Hachigian B. Hudson Riehle Pam Harris DONORS Richard O. Hawkins Bennett Rosenthal** Matt Hoffman Elizabeth Anderson-Higgins Carol G. Hebb Michael Rovinsky Ram Kelkar Arden C. Armstrong Jeffrey J. Hewitt** David I. Rowland Nelson Lam

2012 Annual Report to Investors 59 Class of 1981-1990 MBA CLASSES

Jeff Montgomery J. T. Corless Craig S. Johnson^ Edward M. Rubin** Bill Palmer Rohn E. Crabtree Jonathan D. Kaplan Brian E. Russell Kate Reed M.M. Croak-Freeman Ram V. Kelkar* Purna R. Saggurti** Fabienne Serafy Lon C. Cross Ana V. Kelly Robert Alan Sandler Paul Sloate Charles R. Crowley Jon D. Kempner Sunil L. Sani Cathryn Ploger Taylor Bert Dalby Jennifer Adams Knebel Susan M. Schindelar Leanne Tobias Diana Davenport Theodore Kuh Jonathan M. Schine Diane Ty Thomas P. Davis Nelson J. Lam* Jeffrey J. Schrager J.D. White Ann Biester Deane Richard Lawrence Richard Cory Schwartz Lydia York Robert M. Domine William J. Lazor Fabienne A. Serfaty Joseph M. Donnelly David Charles Leader Edwin R. Smith III DONORS Lili B. L. Dung John S. Lehr Douglas Michael Smith* Anonymous (1) Richard G. Elieff Robert E. Leslie, Jr. Susan M. Spagnola David H. Abramowitz Ziad Anwar El-Khalil^ Steven Wayne Lieberman Mike Susoev Ashwini K. Ahluwalia Steven Feld Ralph E. Little III George Zygmunt Swirski Catherine G. Ahluwalia Thomas Ritson Ferguson III* David J. Loo Cathryn Ploger Taylor** Steven J. Aresty Stewart A. Fisher** Christopher R. Loughran Benjamin A. Teno Michael D. Auerbach^ John L. Flannery, Jr.* Gerald B. Lucas Mary Anne Thadeu Michael A. Barston Todd Messer Freeman Daniel J. Mackell Amie D. Thornton Catherine S. Batterman Judith Fox Freese Anne Benton Madden Leanne A. Tobias Joseph S. Baylock Cynthia L. Frick Gary F. Madison Luis Fernando Tous Melanie A. Beard Robert L. Friedman Michael T. Manns Diane Leslie Ty Kenneth Beck Jeffery A. Galbraith Bruce D. Manson Robert B. Underwood III Joan B. Bergsteinsson Ann McCarthy Gallagher Brian Dannell McBride Darcy D. Van Vuren John W. Bernstein James C. Garnett Joseph John McCusker Sharyl C. Van Winkle David S. Block** David J. Gilbert* Robert E. McNamara Gerard Vecchio Mitchell J. Blutt Susan Buysse Gilbert* Richard Howard Moss Steven M. Walters Erik Boas James D. Glascott Eileen T. Naughton* Stephen W. Webster Patricia Hannon Bonney Thomas S. Glover James P. O’Conor Jay Michael Weinstein ^ Bruce Joseph Bowlus Geoffrey S. Greener Peter Joseph O’Donnell Randall J. Weisenburger ^ Christopher L. Boyatt John P. Griffith, Jr.** Daniel P. O’Meara Richard A. Weiss Ulrich Brass Alok Gupta Vincent F. Oomes Patricia J. Welsh Alan R. Braxton Dinese G. Hannewald Jeffrey R. Page Neil I. Wiesenberg Hal S. Broderson Melanie Anne Hanssen William L. Palmer Sharon Benzel Willard Sarina Monast Bronfin Leslie S. Harris Paul A. Pepe Richard J. Williams Yvonne Volny Brown Pamela Rothaus Harris Andrew F. Peterson Jody Hiller Winter Mark Gordon Bulmash Paul C. Heymann Susan A. Peterson James B. Wistar Richard J. Canning James M. Higgins David Pienkowski Marcy R. Wydman Mark R. Censits^ Sally Tonkin Hines Ruth M. Porat ^ Grace Wang Yu Henry A. Chan James M. Ho* Donald S. Price Peter William Ziobro Craig A. Chesley* Gail Cantor Hoffman* Gregory G. Randolph Federico Zorraquin** Robert E. Chmiel* Matthew B. Hoffman* Matthew Rebold Byung-Hyun Cho Carol Crockett Hoover Catherine A. Reed CLASS OF 1988 Damon W. Chu ^ Thomas J. Hopkins Mark Renton Total Giving: $122,604 Kevin D. Clewley Douglas B. Huntley Erika F. Rimson Participation: 15% David M. Cohen Larry A. Jacobs Kenneth C. Rogozinski Marc A. Cohen Patrik U. Jakobson Margaret Walker Rose Anonymous (1) Warren Z. Colter Tracy A. Jakobson Andrew S. Rosen Timothy R. Andreae David J. Congdon* Scott D. Janzen Steven C. Rosner Donald K. Anthony, Jr.

2012 Annual Report to Investors 60 Class of 1981-1990 MBA CLASSES

Peter C. Balas Claire Labrunerie Brad S. Singer Bill A. Borrelle Robert Stewart Bartley* William G. Lake, Jr. Jackilyn Cetron Soslow Thomas R. Boyle Jan Paul Berger Lily M. Lee Ellen Stafford-Sigg Randall S. Burkert ^ Daniel M. Bernick Sarah Ching-Wen Lee David E. Stanke J.B. Bushick Edouard C. Bich* Craig L. Lissner Paul A. Stefanick Julie Sands Causey Randi J. Brosterman Keith M. Locker Anne Putney Swire James S. Chang F.O. Wilhelm Brote Joanne Lomanto Chapman Taylor James T. Cheng Romel C. Canete Kevin L. Luing Susanne K. Tezanos Milton L. Cofield Marilou Cannon Robert K. Lutey Leopoldo Torres David D. Colburn Dan C. V. Chamby Anne LeBuhn MacCowatt Terri Blumenfeld Wein Darryl Wade Copeland, Jr. Robert C. Chung Victor Thomas Mahoney R. Graham Whaling** Gwyneth Jones Cote Tamara L. Cohen Stephen J. Malkin Augustus E. Williamson Warren Daniels, Jr. Elliot S. Cooperstone Nancy M. Matthews Stephen V. Winthrop Julia Ryan Davis Marco De Benedetti Kevin James McClair Ann B. Wohlstetter Robert E. Deckey Thomas R. Donahue Richard C. McCoy Tom K. Woodliff Leslie Dorman Stephen Harold Dover John M. McDonald III Hope Mead Wynn Andrea Applegate Dover^ Stephen Eisenstein^ Deirdre F. McDonald** Jeremy Ryton Drax David Ertel** Wesley S. McDonald** CLASS OF 1989 Rachel Bork Dunaief Marc Felman Irene B. McFarland Total Giving: $106,742 James M. Dworkin Michelle K. Felman Adrienne M. Minecci Participation: 15% Bruce A. Eatroff** Jennifer K. Ferguson Jane Marie Mingey Jill Schnitzer Edelson Lois Ann Fitton Karen S. Montauk Anonymous (2) Timothy J. Ely John G. Fitzpatrick Jeffrey C. Newman Julie B. Abrams Michael J. Epstein Robert H. Friedman Sarah Bankson Newton Saman K. Adamiyatt Dawn Porter Eringis Robert White Gadsden Felix G. Ngan Mark Evan Adams Reynolds C. Faulkner Susan J. Ganz Sheryl Mitchell Olson Michael A. Adams George A. Fischer Jeffrey M. Genshaft Donald J. Peters, Jr. Maurice J. Alcheck David Scott Friedman Richard J. Gessner, Jr. Steven A. Pfeifer Susan Lee Anderson Marc A. Geffroy Shelton S. Getter, Jr. William L. Potter Curt J. Andersson David J. Glick Marcus R. Giancaterino Derek K. Rapp Susan C. Andersson Matthew Kevin Greene Charles-Edouard Giblain* Emily B. Rapp Maria Teresa Aranzabal Anthony M. Griffith Lamia Barday Giblain* Susan Silberman Resnick Diane M. Ardolino John S. Hamblett Lance John Graber Ronney Lynne Rosenberg Andrea Kaufman Aronson Stephen P. Healy^ David Barlow Hartzell Lynn D. Rothman Stephen S. Aronson Stephanie Hessler Peter Ian Higgins Lisa Young Rourke** Elizabeth A. Arrington Charles J. Huebner Deserene Y. Holloway Joanne S. Ruckel Ellen Auerbach Grody Margaret M. Huffaker Robert W. Hong Ainsley McNeil Sadlo Sally Baek Richard F. Iorio Anne Ko Hou John W. Sadlo Thomas Eugene Bahn Govind V. Iyer* Timothy S. Howell Glen M. Sarvady Francis B. Barker Dorsey M. James Robert A. Hutchens Thomas L. Savage Thomas C. Barnes Rosalie G. Jing Edward Thomas Irwin Scott B. Schaefer** Mohamed B. Bassatne** Nancy R. Kail Martin Jacobs Michael R. Schechner Marilyn M. Battey Stuart P. Kaye Debra G. Janakiefski Glenn G. Schembri Amy Cohen Bauman Lynn E. King^ Eugene D. Juba Kevin A. Schulman Julia Flynn Baumann Thomas C. King^ Candace C. Kidston Amy Schwab-Silfen Dana D. Behar Steven L. Kirson Jiho Kim Scot K. Sedlacek Robert B. Bellinger Kit Konolige Miles M. Kubo Bonnie L. Sherman Feibelman Andrea L. Bevacqua Ann McLaughlin Korologos Charles T. Kumble John L. Sica Edward E. Biddle Bradley A. Kotz Brian Kwait Lisa Silverstein-Hoffstein Bernard T. Blais Mary E. Lacey-Murphy

2012 Annual Report to Investors 61 Class of 1981-1990 MBA CLASSES

Ronald W. Lennox CLASS DEVELOPMENT Cam E. Enarson Joseph P. McGrath, Jr. Brian Keith Lewis AMBASSADORS Elizabeth Apple Fee Lisa Ann Mitnick Paul N. Lewis Guy Bacigalupi Sean E. Fee Peter B. Morin Rozilan E. Lewis Edward Cook Alan F. Feldman Richard S. Nackenson Bradley A. Lucas Tom Courtney Eric Fernandez Elisabeth P. Norwood Eric M. Luftig Dave Hoffman Craig A. Ferraro David G. Olson Craig C. MacKay Brian Kim Barbara A. Fitzgerald Michael R. Olson Vincent S. Maddi** Bill Kissick Paul C. Flattery, Jr. Ford E. O’Neil** Susan A. Madigan-Yorkin Kristin Lee-Hoffman William S. Fleming Jennifer R. Overholt Suzanne B. Mankoff John Mahlmeister William J. Florence III Glen A. Peterson* Gerald M. Marshall Jay Mantz Richard L. Folsom Douglas A. Present Timothy P. McCourt John McAdam Lauren C. Frank Scott A. Puopolo* Wendell Eric Moore Brian McLoughlin Glendon E. French M.H. Pynchon Derek James Murphy Joseph Moriarty Amy Ganz Sadeghi David Isaiah Rachlin Tod Andrew Nestor Peter Morin Benjamin P. Giess Debra L. Rappaport Anne Ryan Donahue Newman David Mussafer Newton G. Z. Glassman Sara Burns Rapuano Mauricio Nicholls Tim O’Hara James R. Goodfield Beth Baxter Reaves Nicole W. Piasecki Gustavo Roessler Charles E. Gottdiener Sharon M. Reishus John P. Puckett III Tracy Rosen Fergus W. Gould Alice Elinor Richardson Jeffrey E. Quigley Ron Rosenberg David M. Grayson James D. Roberge Robin K. Reagan David Shedd Peter D. Greene Gustavo S. Roessler** Rainerio J. Reyes Mark Weinsten James S. Harrington Benjamin M. Rooks David L. Reynolds** William Wilson Suzanne M. Hazard Howard I. Rothberg Marcos A. Rodriguez David C. Hoffman C.R. Rudd-Combemale John C. Rowley DONORS Craig W. Hupper Bruce G. Sabath Andrew Henry Rush** Anonymous (1) D. Bailey Izard Mani A. Sadeghi Sandra Martin Sadler Karen M. Adler Robert G. Jeffries Mark G. Samuelian Jeffrey B. Sakaguchi Kyle S. Adler Scott D. Jones Eric T. Seidman Ian C. Sanderson Theodore M. Alexander III Sally Jutabha Jeffrey Marc Silber Barry E. Schneirov Shari E. Anisman Ivan J. Juzang Robert A. Simms, Jr. Eric Daniel Schweikert Guy G. Bacigalupi Eyal Kaplan Priscilla Singer-Halper Lisa L. Sczublewski James M. Barry Peter W. Kemp Jane M. Smith Joy Victoria Seppala Benjamin A. Batchelder Rene Marc Kern, Jr. Robert T. Snell Stefanie L. Shelley Heather R. Beebe Shiv V. Khemka** Douglas R. Speegle Dean Y. Shigemura John Maclean Black III Jeffrey J. Knopping John E. Stevenson Heather Renton Sica David L. Blumberg Imad S. Labban Catherine J. Stroup Ravi Sinha Bonita A. Burrell John P. Lamberton Jennifer Schofield Taylor Glenn H. Snyder Thomas R. Burton Boong-Kyu Lee Christopher J. Teaford Thomas M. Sprague Eleni A. Cambourelis-Benedikt Kristin Lee-Hoffman James W. Thomas Joseph F. Stivaletti, Jr. Victoria C. Carey H. John Lees Alex D. Vitale Chang Sun** Jon Martin Case Julie Jo Levenson Robert Anthony Warner Gale E. Thompson David F. Casey, Jr. Michael M. Leyland Robert H. Weber Gary Turner Scott C. Chandler David B. Lim Julie Bick Weed Thomas B. Tyree, Jr.** Michael P. Ciuchta Gregory R. Lowell Rogers Weed Carl R. Weinberg Richard P. Conklin Wonya Y. Lucas Mark R. Weinsten^ Edward W. Cook III** Richard Alan Macksey, Jr.** D. Michael Wilkinson CLASS OF 1990 Jeffrey B. Davis Michael J. Marchildon David H. Williams Total Giving: $143,747 Scott M. Diehl Allan W. Marquardt II William T. Wilson^ Participation: 16% Randolph B. Dunbar Alison L. Marx Andrew J. Winton Douglas C. Edman Lee E. McClain, Jr. Kay Hyewon Yun**

2012 Annual Report to Investors 62 Class of 1991-2000 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 1991 Tamara Dunietz Joseph Sutton Mohr III George Chou Total Giving: $10,3478 John G. Fadool Edward P.H. Nash^ Joy Dicker Participation: 13% Kevin George Filcik Michael Leighton Nash J.B. Haller Harvey J. Fram Timothy B. Nash Peter Kraynak CLASS DEVELOPMENT Claudia Franco Mark A. Neibart Karen Levine AMBASSADORS Karen A. Fukumura William Henry Newell Jackie Lutz Karen Sue Batchelder Alan Elliot Gilbert^ Martha Greif Newell Omer Malchin Bob Hrabchak Lisa A. Gillinov Nancy Nicholl-Hasson Mike Mitchell Laurence F. Ioffredo Stephen James Gleason Jennifer C. Nichols Antoine Papiernik Pasquale M. La Vecchia Jeffrey S. Graham Cary Glen Pfeffer Sujata T. Pherwani Alex Labak L. Stephanie Guilpin Steven Jay Pinsky** Pierre Riveau Christopher Malone Victoria Nancy Guy Sharad Rastogi L.A. Sergeant-Wilkinson Edward (Ted) Nash Spencer B. Haber Burt R. Rea Debra Taiwo Miguel Geronimo Osio Montiel Jeffrey T. Harbison Audrey Epstein Reny John Ward Santiago Perez Kathy Hay** David B. Rubenstein Alexandra Zaporozec Burt R. Rea Philip J. Heinrich Normand R. Savoie Evan Sturza Thomas D. Heule Gary E. Schanzer DONORS Kevin L. Holmes Inder Singh Sidhu* Anonymous (2) DONORS George Kwok Lung Hongchoy Mark Joseph Simon Shrinath Acharya Anonymous (1) Susan K. Hullinger Jacqueline L. Smith Joan Shober Adams Jeffrey A. Anderson Linda M. Jenkinson Michael Solot Kyle Alpern-Rabinowitz Cyrille J. Arnould Warren C. Jones Carl Henry Steffens, Jr. Gordon S. Anderson Philippe N. Auffret Paul A. Jordan Jill Wolk Strassberg Denise Aranoff-Brown Jeffrey A. Babin Richard Alan Joseph Evan Neil Sturza Carol Ogden Bailey Andrew R. Bacas^ Joseph H. Kelly John J. Sullivan Rebecca Lyn Bar-Shain Jeffrey Alan Baker Joseph Jude Kelly Andrew M. Susser Cynthia Ann Beach Karen Sue Batchelder Keith M. Kerman Brian George Sweeney^ Peter J. Benda Leslie H. Benoliel Lorrie D. King David Franklin Taylor Annette Juhasz Bergeon Cris Brookmyer Maria Chiara Kozloski Nicolas Topiol Christopher R. Bergeon Dale Leroy Brunelle Pasquale M. La Vecchia Marie D. Tumolo Jeff Todd Blau Joseph A. Buccilli** Wendy Telsey Landon Vesa T. Vanhanen Randall L. Bort Tara D. Butler Hans P.C. Levin* John Francis Varick Jarvis Andrew Bowers Benjamin L. Bystrom Mark S. Lippman Jeffrey William Walter David Neal Brandt Heather Callender Cynthia Wallace Liss Joseph A. Wheeling Brenda Ellen Buhler Erica B. Caplan Jeffrey J. Lund Jeffrey James Burton David Yuan-Jong Chua Michael Luxenberg 20TH REUNION Edward James Callan Curt A. Cimei Brian S. Lyght CLASS OF 1992 Timothy Clarke Casey Julia Ellen Cissel Victor Elliot Mandel Total Giving: $290,535 Grace H. Chang Leora Cope Ludovico C. Manfredi Participation: 17% Denley Chew Raymond Francis Coulombe, Jr. Francine S. Margolis George C. H. Chou* Angela Coley Crawford John Steven Mattingly CLASS DEVELOPMENT Peter J. Clare Delanson D. Crist Joseph F. Maxwell III AMBASSADORS Stephen A. Colanero Charles M. de Vegvar Diane McGrath Mary Cusack David Ray Colley Lili A. Dumelle Lance Alan Miller Joseph Hage Kathleen Drake Conterno

2012 Annual Report to Investors 63 Class of 1991-2000 MBA CLASSES

Bruce Alan Craig Jacqueline A. Lutz Anonymous (1) Andrea White Hoff Deborah S. Crouse Kathryne J. Lyons Cecile Andre-Leruste Mark T. Humphries Mary Alicia Cusack Bruce Douglas Macurda Jill Sullivan Avery^ Andrew Harris Jacobson James Karnes Davis Julie Anne Mannes John Dalton Avery^ Mark Griffin James Anne Corell-Greeno Decker Julie L. McNamara-Dahl Stephen Earl Barkhuff Todd James Jirovec Douglas J. Deshong Michael E. Mendelson Robert Hamilton Berg Christopher N. Jones Joy E. Dicker Deborah Mester Lynne Marie Bever Joseph Andrew Kaufman Antoine P. Drean** Elizabeth Mihas Ann Blumenthal Deborah B. Keeley David Bryan DuBard** Michael Black Mitchell Gary David Brewster James S. Keller Patrick C. Egan Eduardo Enrique Muller Carole Jayne Chinn Richard Jae Kirkland Ivy B. Elkins Gerardo F. Noejovich Alexander Edward Cioth Keith Adam Kohler Mark G. Engman Elizabeth Jane Nolte Stephen Williamson Clarke Benn A. Konner Beth Seidenberg Ertel** James R. O’Connell, Jr. Margaret K. Clarkson Angelo J.Y. Koo Matthew Stephen Feely Mia Sachi Okinaga** Joseph P. Coleman, Jr. Christine Mary Koobatian Todd Andrew Fisher Rory Joseph O’Neill^ Wayne M. Cooperman Marina Kunis-Jacobson Robert Git Fong Jeanette Louise Ourada^ Carolyn Barnes Coughlin Cynthia Cotney Lawry Halim A. Gabra Daniel Joseph Pike** Stephen Eric Defranco Jacqueline Ann Lessing Joan Marie Gallagher Edward John Pikulik Jonathan B. Degaynor Risa M. Lieberman Daniel Joseph Goggins Leon Podolsky Albert F. Dombrowski Laura Salerno Linehan Akiko Harada Gordon John Hotchkiss Powell Alberto Ivan Duran Sean Patrick Mallon Joseph D. Hage Douglas A. Propp Nigel R. Edelshain Andrew Warren Mayer Richard Leslie Heep Rosanna L. Ramos-Velita* Thomas Talmage Edman Gail Schlifer Maytin Brian Michael Hermelin Sang-Yong Rhee Thomas J. Edwards, Jr. Terence Andrew Maytin Julie A. Hughes L. A. Sergeant-Wilkinson Junichi Endo Joseph F. McCullough Jeffrey Stuart Hunt R. Matthew Shannon Sebastian Escarrer** Michael Mccauley Meyer William Michael Hyland* Leslie Morgan Steiner Robin Stuart Esterson Jared Zalman Mintz Denise Incandela Steven Strickman Linda D. Farquhar Dahri Anna Myers Michael V. Ippolito, Jr. Lawrence Szabo* Paul Joseph Fenaroli Sheri Lynette Nixon Philippe Leslie Jacob Victoria Berka Tanaka Michael Lloyd Foss Charlene Huang Olson Robert Harrison Janes III Paul David Teitelbaum Steven Hau-Cheng Fu** Christopher J. Olson Eric Joseph Kainer Jonathan Bruce Teplitz Stephen Yu Chung Fung Panayota Palli Brian P. Keil^ Michael Dana Tofias Anthony J. Galang Eric F. Penanhoat Shannon Maureen Kelley Robert C. Vaughn III Karl Genest Steve Pogarsky James Germain Kenefick Arnim Von Friedeburg Richard David Gersten Gary D. Pope David A. Kerdell Stephanie Von Friedeburg Thomas H. Gillespie III John Willard Reister John Young Kimm John W. Ward Juanita Girand Goggins Joshua Michael Resnick Michael Kirby Brian C. Weddington Mitchell Alan Goldfeld Sean H. Reynolds Karen Paula Klerman Peter Adam Weinbach Jonathan Golnik David Irwin Ricanati Surya P. Kolluri Betsy Lori Weingarten Luis Gomez Charles Nicholson Ross Bradley Jay Korman^ Thomas Alexander West Edward W. Gray III Michael J. Ross Korin A. Korman* Helene Debra Wolk Maura Louise Griffin Phyllis Beth Rothschild Roland H. Kratzer III Alexandra K. Zaporozec Dana Leslie Gross Pierre-Yves Roussel Bruce Evan Landon Gary Mark Zegiestowsky Thomas Ethan Grubelich Frank A. Ruperto Frances Suk-Fun Lee Robyn Ballard Ziperski Karen Griffith Gryga Laura Brady Saade Olivier Eric Lemaigre Burnett M. Hansen Leo C. Saenger III* Gary Lessing CLASS OF 1993 Susan Steinkamp Hanus Robert Edward Sanchez Nancy R. Lewin Total Giving: $88,836 Anne Crocker Hefter Charles W. Sansbury Nancy N. Liaw Participation: 13% John M. Hochschwender Norman Robert Sanyour

2012 Annual Report to Investors 64 Class of 1991-2000 MBA CLASSES

Steven John Schell Glen Kojiro Furuta Wesley Allen Sparks Daniel Robert Davis Jill Schildkraut-Katz Cigdem Fazilet Gencer Joseph Scott Stewart Rajiv Kanishka De Silva Stephanie Katharine Schnabel^ Sam A. Ghazaleh Alison Kary Stilp James Liam Dolan Carl Warren Schulze C. Craig Gile Paul G. Theunissen Joseph B. Dougherty Kirby Shanks Thomas Andrew Gooley* Shideh Z. Theunissen Mimi Keller Drake Ann Marie Sheridan Ivan Grabar Anne Elizabeth Turner John Ernest Drissel Paul Andrew Smith Warren H. Haber, Jr. Scott R. Wells^ Craig Lawrence Enenstein^ Ellen H. Zimmerman Spear Bruce A. Hauptfuhrer Thomas George Werner Catherine Bentley Fagan Perry Winter Steiner Rebecca J. Hogenhuis John Roger Whelan Anita C. Foley Eric Alan Steinmiller^ Vlad Hogenhuis Janice M. Williams David Pardee Foulke John Joseph Sudol Gregory S. Jannetta Pei-Tse Wu Kenneth Samuel Frieze^ Mark Alan Tanaka Daniel F. Joseph David Allen Youngberg, Jr. Susan Eve Ganz John C. Wang Mayra E. Kam-Rauschkolb^ Karen Ann Yu Steven A. Gitlin David Brendan Wyshner Michelle Miller Keller Stephen E. Zapf Ellen Earling Grantz Caroline H. Yu Lynne A. Kielhorn Brian D. Zeve Anup Gupta Anthony Ngarman Yung Randal Todd Klein Tadahiro R. Haley Charles M. H. Korn CLASS OF 1995 Vivian H. Haley CLASS OF 1994 Kelly S. Kurschner Total Giving: $37,029 Leslie Elizabeth Henry Total Giving: $54,388 Nancy Anne Lambert Participation: 12% Pamela Jean Hughes Participation: 13% Adam Neal Lampert Edward J. Hyken Corina Leone Larkin CLASS DEVELOPMENT Michael Brian Kanner Anonymous (1) George Cabot Lee AMBASSADORS Amy Crandall Kaser Ratan K. Agarwal Renate Keyes Lee Nancy Casey Allison Lesley Keeler Gabriela M. Alvarez-Pagola Douglas S. Lester Nicholas Connolly III Corey L. Kerstetter Peter Thorndike Aman Margot Elaine Levin Jeanne McPhillips Dolan Jonathan Koplovitz^ Stephanie Lorber Assang Steven A. Levy Craig Enenstein Fabienne Lambert Daniela A. Ballard Rebecca Porter Madsen Darrin Kennedy Helene Schwartz Landesberg Stacy Ellen Bash-Polley Steven Edward Madsen Rajive Mathur Carolyn Ann Lange Maria Joan Baum Arthur Kenneth Mann, Jr. Verdere Philpot B. Stephen Lee Allison Leslie Berey Eric George Curtis Mark Elizabeth Wahab Rocky Lee James Andrew Block Sheryl Ann Wirch Mejia Marie Williams Nancy Newmark Liffmann Karin Grennon Breedis Michael Scott Morgioni Reid Kenneth Liffmann Robert S. Bright Mehrdad Mozayyan DONORS Marcus Barclay Linden Russell George Bundschuh Daniel Adam Nadelmann Stephen Gary Adams Matthew Scott Malden Thomas Gabriel Busillo Wayne Louis Nemeth Yarom Doron Arad Rajive K. Mathur Denise Annette Byrd William Terrance O’Neill David E. Bain George William McCoy Stephanie S. Chang Andrea G. Persily Stephen Birk Baus** Michael John McGonigle John Hampden Chaplin Robert F. Prachar, Jr. John Russell Baxter Roberto Azzi De Moraes Germaine Su-Li Chee Pelayo Primo de Rivera Kathryn Goddard Bennett Hiroaki Nakamura David Hyungmin Chun* Suzanne Marie Ramos Heidi J. Block Sheila Narayan Susan Pearl Chung David Andrew Ramsay Vicki Lajuan Bogan Franck Noiret^ Bradley W. Coburn* John David Rauschkolb^ Margarita S. Brose Joshua B. Orenstein Mark Leo Connolly Wendy Lee Rees Holly P. Brown John Rowan Penrose David S. De Lange Ron Dale Reich Christopher J. Burn Verdere C. Philpot Chris H. Douglas Sepand Jordan Riahi Maureen E. Carpenter Gilberto Pozzi John Richard Ensminger Alan Fredric Riffkin William Frederick Case, Jr. Alejandro Przygoda Aleksander Marla Aroesty Fields Dina Schultz Rehan Noor Chaudhri Omar Kalim Rahman Debra Sussman Fletcher Tim David Schultz Laura C. Christopher Kevin Richard Reeves Steven Charles Fletcher Michael P. Shields Janet Raye Cowell James Friend Richter John H. Friedmann Barnett Louis Silver John Damian Gordon M. Robinson

2012 Annual Report to Investors 65 Class of 1991-2000 MBA CLASSES

Henry Roderick Robinson Andrew Phillip Brennan Dwayne Lamont Rayner David Aspesi James George Roccas Leslie Simmons Brille Robert Jerome Reiskin Samir Assaad Douglas P. Rosefsky Michael Hans Brockhaus** Jeffrey Scott Resnick Sallie Smalley Beason George Douglas Ross Amy Park Chang Stefan M. Riedling Charles D. Beeler Peter L. Rukeyser Dora S. Chow Lauren Anne Romeo Eric Richard Bell Carolyn E. Saacke Christina Dillon Cohen Tiffany Borlaug Rubi J. Scott Berniker Durreen Shahnaz Jeffrey Michael Cohen^ Stephen Burke Ryan Marci L. Bernstein David A. Sheehy Timothy Michael Cohen Veronica F. Sanson Tedori Kenneth M. Bloomberg Gregory Stewart Smith Robert Thomas Coneybeer^ Michiel Willem Sanson Mauricio R. Borgonovo Coby Jay Stilp Catherine Haybach Cordoue Aydin Senkut Eric Gerard Bradley Delia Park Swigart Robert Winthrop Culver, Jr. Charles A. Smith III Ivy Robin Brown Evangelia Theologides David Anthony Durkin Jeffrey Raymond Smith Bret David Caldwell William Allen Tuohig Brooke Welles Effron Joseph P. Smith Andrew Howard Cantos Kentaro Ujiie Steven Ted Epstein Todd Jason Squilanti Ilene Schermer Cantos Elizabeth Fjelstul Wahab Shara Goldstein Ertel Param Sreekanth William Matthew Carter Jeff Walker Steven Daniel Ertel John F. Sweeney* Linda J. Chandler** David Henry Warren Seth A. Faler Xavier Sztejnberg Annette May Chin* Marie J. Williams Andrea P. Ferrari Brooks Andrew Taylor Ho H. Chin Ronald L. Wilson II John George Ferrari Richard Lee Thompson Kevin Andrew Chinoy Donald Timothy Wood Jonathan Ashley Foster Yi Tso Steven Baird Chulik Alex B. Wright Alexandra Jill Fuchs Robert Tucker Twitmyer David John Collier David W. Wu Christine Fuchs Robert P. Van Brugge Patrick Robert Cote Oscar Yu Wu James L. Goettee, Jr. Margaret Blaydes Vitrano Howard M. Crow Phillip Yang Wu^ Raj L. Gollamudi Matthew Douglas Walter Alexandra S. Cudby Jay Yarbrough Kimball B. Halsey Calbraith R. Wheaton Anthony Lynn Davis Nancy Yee Young-Hye Han Jerry Wu Marlena Lisa Demenus Christopher Binchi Yeh Kevin Scott Harris Jenelyn Bagadiong Wyspianski Michael L. DeRosa Suzanne E. Zapf Taizo Hasebe Andrie Setiawan Yapsir Eileen Marie Dibb Iris Violeta Ho-Palma Jeffry Marc Donosky CLASS OF 1996 Mark Emerson Humphrey 15TH REUNION Michael Vincent Downs Total Giving: $119,059 Jonathan M. Kaplan CLASS OF 1997 James Allen Doyle Participation: 11% Samer Munzer Khalidi Total Giving: $189,942 Noah Jonathan Eccles^ Kenneth A. Korngiebel Participation: 18% Michelle Cannarsa Egan CLASS DEVELOPMENT Donald W. Kraftson* Scott Gordon Eisen AMBASSADORS Uriel E. Kusiatin CLASS DEVELOPMENT Peter Miah Falvey Frank Kotsen Matthew Sean Levitties AMBASSADORS Eileen Garcia Fandino* Xavier Sztejnberg Minyan Liu Sallie Beason Anna Fateeva-Berenfeld Henry Thomas Lyons Peter Falvey Jeanne Ehrenkranz Fogel DONORS Mina Takayanagi Martinez Jeanne Fogel James Patrick Fox Anonymous (1) Ashish Masih* Ronald Eric Hohauser Pamela E. Friedmann Eric Stephen Adler Shelli Alexander Merritt Michael Kim Ronald Cheis Garrus Jonathan M. Aufzien Nitin Mittal Catherine Nelson George Giagtzoglou Ann Marie Austin Stephens Priyadarshan Mundhra Victoria Penfield Aaron James Gleixner Shekar Ganeshan Ayyar Eileen Cheigh Nakamura** Feliza Peralta Danton Gordon Goei Venkat Himanth Badinehal Ron S. Offir Steven Shapiro Joseph L. Goldberg James P. Bankoff Octavio Cortes Pereira Lopes Philip Roberts Gow Richard A. Bates William John Peters DONORS Keiji Hashimoto Brett Matthew Berry* David Samuel Phillips Anonymous (1) John C. Hellmann Jennifer G. Bloomgarden Gavin Philip Raphael Karen Stephanie Ando Ronald Eric Hohauser Laurie Ann Bloomgarden James Robert Rauen Izhar Armony Yan Hu**

2012 Annual Report to Investors 66 Class of 1991-2000 MBA CLASSES

Andrew Sir Hua Laura E. Purcell Christina Miri Asmuth-Chatalas Stephen Lamarr Ingram Laura Suzanne Isserow Andrew Brian Rapkin William T. Auchincloss Peter A. Joel Tania Elizabeth Kandra Richard Henry Repetto Jay R. Beaulieu Kurt Matthew Johnson Michael Kao* Michael Alan Robbins Rene Pawelek Benedetto Randall Walter Kahn Steven Howard Kasoff Daniel Delano Ross Brent A. Blevins Sheri Beth Kahn^ Daniel Otis Kelsey** Randy Steven Saluck Fabrice L. Boscart Gopinath N. Kallayil Kate B. Kerstetter Terra S. Samuels Lamia Boutaleb Bikramjit Singh Kalra Michael K. Kim Julius Paul Sarkozy Susan Bradham Sumeet Kanwar Julie Lawrence Kuznetsov Gregory David Schaffer Michael P. Brady Wayne Isao Kawarabayashi* Kent Joseph Laber Frank Anthony Sena Tracy Setlock Brala Karl Michael Kellner Sandra Hull Laber Kevin Sookiel Seo Adam Scott Breslawsky Sharon Kershbaum Karen L. Larkin Steven Mark Shapiro* Beatriz Fonseca Buzzi Shankar P. Khadye David John Lattimer Robert Wade Sharps^ Lauren Eve Cantor Kenneth Steven King Junwoo John Lee Timothy F. Sheerin Nicole Andres Carkner Lucine A. King Tina Caroline Lee Andrew Ming-Kai Shih Luis Carrillo Thomas Gregory Kraus Scott Harris Lenet Christopher L. Shoemaker Michael V. Casaburi** Mukund Krishnaswami Laurel Wissinger Lennon Olga Spaic Ellen Marie Chang Nancy Kusumoto Marshall P. Levine Jason K. Spivak Andy Fu-Ling Chao Lennis Steven Lammers Julie W. Lin Jenny R. Staelin David S. Chasen Minh Anh Le Gary Michael Linhart Matthew John Stern Brian G. Choi Xiaoting Li Alexander F. Lloyd Richard J. Stockton Nathaniel Howard Cohn Jeffrey Scott Lipkin Richard Randall Lloyd** William Jun Takeuchi Gregg William Cooper Lester Shing-Gong Liu Gregory Sutton Mand Surindha D. Talwatte Lara Jennifer Dahl Vanessa LaRonda Lowe Edward Joseph Marshall Joann Michelle Teal O’Connell* Jill Scriba Dailey Daniel John Luckshire Kelly Marshall Douglas J. Trauber Mark R. Davidson Ingrid Liseth Mazul Eric S. Masters Priya Gitanjali Trauber Jennifer Wu Dorre Eric Mestre Henry H. McVey Anne Tucher Truesdale Michael James Emerson Kanchan Mhatre Maria F. Merrill* Brian David Truesdale Richard Fertig Victoria Chimei Mio John Francis Murphy Rebecca J. Vail Michael J. Finnerty Gregory George Montana Jeffrey T. Napoliello Robert A. Vogel, Jr. Jennifer A. Follert-Artley Feliz F. Montpellier Ezequiel Navar Craig Evering Vosburg Adrian M. Garate Deborah Chan Moy Catherine M. Lewis Nelson David Reynold Walton Deborah Joy Garner Carlos Roberto Munoz Tereza J. Nemessanyi* Secil Tabli Watson Owen Douglas Garrick Julie Vaughan Murchinson Philippe Gilles Nore Chryssa Lea Westerlund Rajeev Garside James David Oldham Bradford S. Oberwager Julie Renee Wingerter Marni Leigh Gerber Birken Eivend Olson Everett Oliven Laura Lynn Witt Michele Gesser Chioma Adaku Onwuanibe Rachel Gray Overton Terrence R. Woody Vic Gheewala David Susumu Oyadomari Alexander S. Panos Frederica Wei-Min Yang Jonathan A. Glass David Whitney Palmer Yale S. Peebles Young Sang Yi Kenneth Eli Glassman Young-Taeg Park Victoria U. Penfield Ero Kenneth Michael Yu Ronna Sue Glick^ Noel Augustus Parks** Feliza Abella Peralta Sara Leslie Goldstein Steffen W. Parratt Ronaldo F. B. Peralta* CLASS OF 1998 Benjamin Crowninshield Hammond J.D. Pearce^ Michael Robert Persche* Total Giving: $80,974 Kyle Patrick Harrington Ignacio Pena Gregory W. Piasecki Participation: 16% Jennifer Ann Herber Alexander Thomas Perry* Deborah Andringa Pine Leo Zan Huang Stephanie Pettit Peters Philip Stephen Pine Anonymous (2) Brenda Holly Hunsinger Jane C. Pfaff Novak Santo Politi Tarun Narayan Agrawal Everett Fraser Hutt Michelle L. Pierce Philippe Jean Pollet David Weil Albert Woong Seong Hwang Steven M. Polansky Douglas Mark Polley Orman LaRue Anderson Hiroaki Iizawa^ Feng Qian

2012 Annual Report to Investors 67 Class of 1991-2000 MBA CLASSES

Ruofei Daniel Qiu Kurt Matthew Cellar^ Alysa Borisivna Kurganska Vladimir Vilensky James C. Quinn Stella E. Chernyak^ Christopher T. Latta Eric Kurt Wagner Manish Rai Robert Canon Coleman Dirk Edward Lindeman Tobias Woodard Welo Neil L. Rubler Alexander M. Coppersmith Ayana Colbert Machen John Jeffrey Whitaker Eduardo Salgado Anthony M. Corriggio Ruth Elizabeth Manfredi William Tilghman Schlough Stacy Lynne Crinks Jon Edward Mansfield CLASS OF 2000 Jennifer Hae Jung Shin Jack Daly Yannick Jean Mathieu Total Giving: $45,313 Luiz Mauricio Silva Michael James De Asla Daniel James McKone Participation: 13% Hayes Concannon Slade Anuj Dhall Dean E. Miller Jennifer Harrell Sobanet John R. Doubman Elizabeth Watson Millet CLASS DEVELOPMENT Cheryl T. Solit Sean Andrew Eagle Brenda JoEllen Mizgorski AMBASSADORS Pankaj Srivastava Susan Y. Eagle Marc Carl Mizgorski Victor Calanog Ravi Subbaraya Jason Toyin Fadeyi Bhaskaran Natarajan Suma CM Ben Douglas Terk Kevin Coleman Fagan Robert Adrian Newbold Moneshia Graefin Zu Eltz Michael McQuade Terry Benjamin M. Faucett Susan Yvonne Novak** Audrey Greenberg John Henry Tourtelotte Joshua Loeb Fischer Deborah S. Nungester Trent Hickman James Allen Trueman Thomas S. Fitzmaurice Richard R. Patton Jeff Laborde Antoinette Chi-Li Tsai Kevin Jeffrey Foley Jeffrey Michael Perlman Natalie Tarnopolsky Frederic Paul Vereecken Robert David Frost Robin P. Perlman R. Viswanathan Gerald P. Gallagher Laurent Claude Pommier DONORS Craig George Wert, Jr. Juan Carlos Garcia Jeffrey Rabinowitz Anonymous (2) Andrew Juen-Yi Wu Gwen Nicole Goldbloom David Benjamin Ragins Amachie Kweku Ackah Shane Xin Zhang Katrina Elena Gonzalez Niranjan Ravindran Jason Todd Altberger Tannaz Melanie Grant Sandra Mauritia Rehm James Eugene Ambroise CLASS OF 1999 Scott Lane Graves Jennifer Ann Reich David Evan Bard Total Giving: $53,602 Cynthia Lee Greene James Fitch Remington Samuel R. Bell Participation: 14% Suzanne Jordan Grosso Michael Mark Reznikov Lawrence S. Berger Alison Keiller Hagan David Hall Rode Daniel Richard Bonoff CLASS DEVELOPMENT Douglas John Hagan Benjamin J. Roosevelt Erica Blewer Bramer AMBASSADORS Michael Andrew Hajjar Allen M. Rubinstein Scott Phillip Bremen Alysa Kurganska Craig Katherine H. Hammond Joshua S. Rutberg Wendy L. Maidman Bremen Sarah Hammer Williams Michael Scott Haugen Marceau N. Schlumberger Andrew M. Burdick Anne Farrar Hayes Bruce D. Schulman Vladimir Byalik DONORS Christopher A. Hutmaker Sara Eileen Schwerin** Jonathan Adam Carey Anonymous (1) Albert D. Hutzler IV Troy K. Senter Marco Cavalcanti Carvalho Sergio Daniel Abramovich* Eliot C. Ingram Daniel Braun Silvers^ Jean-Charles Charki Shishir Agarwal Marianne V. Kocis Iyer Steven David Silverstein Jitaek Chung** Alex Alberto Alvarado Daniel Arol Jahns Justin Warren Slatky Paul Y. Chung Peter Steven Bailey Sean Jiam Larry Snyder^ Suma CM Jennifer Ellen Bell Kishore B. Kanakamedala Jessica Thompson Somol Clayton Erickson Farr Dayna Bender Victor Joseph Kats Mark Edward Somol William M. Fenimore III Evan S. Betzer Allan Joseph Kelley Adam C. Stam Andrew Clifford Fiala Michael Gaston Bijaoui Seth Marshall Kessler Melinda Barton Stewart Robert Hugh Fields Darren Andrew Bramen Badar Khan Susan Carol Strassler Deborah A. Fineman Steven W. Braskamp Jack H. Kirkpatrick, Jr. Rick Lyman Stratford Alan S. Fuller Annabelle E. Brown Fowlkes Alexander Kisilevich Sandip Talukdar* Howard Paul Furst Kevin C. Brunner Mina Koide Qiang Tan Jeffrey D. Goodman Tricia F. Buenvenida Elizabeth Lynn Kopple Walter Blakely Todd Ashley Fox Grant Ruby Ann C. Carlos Jayant Anant Kulkarni Andrew Isaac Trader Tiffany Sunshine Hackett

2012 Annual Report to Investors 68 Class of 1991-2000 MBA CLASSES

Trent Hickman Yixiao Sun Jane Ibrahim Katherine A. Sutliff Yungkil Jang Assaf Y. Tarnopolsky Anurag Kapur Natalie P. Tarnopolsky Jason Bruce Keller Brenda Carol Thickett Omar Khan Robert Paul Torretti David Seungpyo Kim Catherine M. Trinder Adam M. Koppel Chris Brady Utgaard Vivian Teh-Wei Kuan Aaron Lawrence Vermut Lulu Mada Kusuma Alexander Virtue Vladimir A. Kuznetsov John Earl Wade Jeffrey Monroe Laborde Sian Eugene Wang Christopher A. Lawler Wenqi Wang Gilbert C. Lee Richard Stephen Welch Kyu-Bong Lee Brian Eric Werner Sung C. Lee Thomas C. Whitmoyer Thomas Him Lee Keith Rudolph Whittaker Warren Lee Jennifer E. Leonard Kathy Welborn McLean Deepa Mischler Jamie M. Moyer Sally C. Muscarella Alexandra K. Nicola Michael Edward Norek Jonathan Ari Oleinick Frances Jean Orabona Jay Tetsuyuki Oyakawa^ Steven Stuyvesant Page Letitia W. C. Peypoch* Ramon Jose Peypoch Sally Jane Poblete Fernando Poma Enrique J. Ramirez John Winslow Randall Ashish Kumar Ray Andrew V. Rechtschaffen Daria S. Reznikova Dominic J. Rodrigues Monica Carolina Schmid Griffin Edward Schultz Velyn Lee Sia Andree Simon Todd William Slattery Rachael E. Smith Carlo Solari Stephen Barron Stagg Jonas A. Stiklorius Leigh Byron Straughn

2012 Annual Report to Investors 69 Class of 2001-2012 MBA Classes

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 2001 John George Dutkowski Harold Marcenaro Leon Yao Total Giving: $55,267 Claudio G. Engel Shintaro Matsumoto Clifton Yen Participation: 15% Elizabeth C. Everett Gina McCarthy Reno Yu Peter Barton Fair Robert Paul McCarthy Wei Yu CLASS DEVELOPMENT David Farhadi Gregg Alan Menell Daniel Zilberman AMBASSADORS Melissa Feldman Heather C. Mestemaker Stephanie M. Zilberman Jenn Bevan Jie Feng Christian Marcelo Monti Weihua Zou Tom Bevan James W. Fields Javier Moreno Aldona Clottey Gary Matthew Flam Tatiana Nikitina 10TH REUNION Melissa Feldman John Henry Fox, Jr. Natasha Nicole Pallan CLASS OF 2002 James Fields Francis Xavier Frecentese, Jr. Mohit Pande Total Giving: $117,148 Ruth Golan Benjamin Marc Frost Geoffrey B. Pardo Participation: 12% Jurgen Habichler Jill S. Gabin* Ivan Patricio Parra Vivek Jayaraman Jonathan Drew Gelston Melissa Joy Pearce CLASS DEVELOPMENT Sophie Ross William Delano Georges Matthew Earl Perdue AMBASSADORS Jeff Schlosser Justin G. Gerensky-Greene M. Amy Peterson Stephanie Cochinos Eduardo Strang Ruth Golan Jonathan E. Popper Barat Dickman Steve Woda Allyson C. Goldstein Alimansky* David F. Poritzky Julien Halfon Andrew Perry Gomperts Nandini Rangaswamy Geoffrey Hart DONORS Michael Goussev Chanda Rhodes Ridley Raj Venkataraman Iyer Anonymous (4) Charles F. Gray II Eileen S. Rosenfeld Steve Lebischak David Oblie Ardayfio* Sheri P. Gritt Shapiro Herman J. Rottinghaus Alexandra Levin David Joseph Ashworth Juergen F. Habichler Beny Rubinstein Khadir Richie Laurie Ann Bales Alexander J. Harrington Amit Saraogi Amit Sinha Justin David Barney Anne-Michele Harrington Jonathan Michael Shapiro Leslie Hughes Smith Michael Lee Batten Evan David Henkin Lei Chen Sheehan Juan Urdaneta Howard Martin Behr Mark David Hickey David Evan Simon Luis Vergara David LeRoy Berger Michael Gary Howard Michael Bruce Smith J. Thomas Bevan Didi Huang Arthur K. Steinert** DONORS Jennifer Chow Bevan^ Rachel Beth Ingerto Charles S. Stevens Anonymous (1) Robert Bradford Boardman^ Eric Spencer Jacobson Brian Thomas Taddeo Umber Ahmad** Hugh Chester Boston III Steven James Johnson Darren Tangen Everett Alexander Kevin Thomas Byrne Christopher Clark Kemple Matthew Hall Taylor** Alan C. Arnold, Jr. David Hogensen Cannon Whitner Thomas Kincaid William E. Thygeson Maneesh Bajaj Gregory D. Canzano** Youriy Koudinov Tina Trikha Alix Baudin Udayan Chattopadhyay Sherryl Kuhlman Barton Kyle Turner Robert David Beal Cathleen Helen Chawla Stratsimir S. Kulinski* Thomas Vettier Ellen Jennifer Berger Jihong Chen^ Leah Angelica LaPlaca Christopher R. Volker John Champion Bishop Christina Chew Edmund Injae Lee* Hardeep Singh Walia Jose Biton Wenyan Chu Edward M. Leigh Daizong Wang Douglas Ian Brand Jennifer Ann Cobleigh Brandon Todd Levin Christopher Thorp Weber Clinton Todd Brass Loren Compton-Williams Jing Li Dawn Elaine Wetzel Shankar Chandran Mark Jonathan Davis Lawrence Wing-Ho Li Kelli Whitfield Sanford Chee* Udai Dhawan Jiandong Lu Richard Percy Williams III Paul S. Chi* John Walter Doherty Jacqueline Jie Luo** Andrew W. Wong Eun Jung Choi

2012 Annual Report to Investors 70 Class of 2001-2012 MBA CLASSES

Ben Clark III Mary E. O’Loughlin-Hobson Amanda Kramer Borden Winnie Liu Jane Johnson Dabney Bryan Alexander Olson* John Kendrick Burchard Rachel L. Loeffler Carlos F. De Alba Sharif Lotfi Omar Jenna Lynn Cardone Vikas Lunia Ellen Marie Desmarais Suyash Paliwal* Camilo Roman Cepeda Koichiro Maeda Emily Lin Fan Sundararajan Pichai Gillian C. Chambers William Henry Marsh* Andrew L. Feller Prakash Rajamani* Nishad Girish Chande Heidi J. Matheys Jesse Friedlander Jenifer E. Raver Candice Kai-Dee Chia Edwin A. McDowell Eric Howard Friedman Donna B. Raziano Jonathan Ross Christie Jesse E. McKendry Deborah Godes Shylender Nandi Reddy John Philip Coblentz Jenna Bekeris McNeill Evan Alan Goldman Eric Jay Reiter Sabine Cristante Dmitri I. Melnik Alexandre E. Grantcharov Khadir Nuri Richie Kyle Nicholas Cruz Theron Metz Kristin Greene Sergei M. Rodionov^ Brian A. Cytrynbaum Sandra L. Miller Wade Garney Griggs III William Saliy* M.A. Margarita De Guzman Jonathan Kevin Morgan Matthew T. Hagerty Timothy Noel Sheehy Douglas Ryan DeBoer Paul A. Nselel Geoffrey T. Hart* Anish Sheth* Steven J. DeCherrie Kevin Patrick O’Keefe Mary Patricia Henahan Prashanth Shetty Puja Khurana Dhanraj Heather Marie Paoli Susan Arlene Henschel* Amit K. Sinha Matthew Dilmaghani Anish R. Patel Neil David Herrington Leslie Hughes Smith Michael Vincent Duffy Will Jonathan Peppo Steven Mineui Hong* Michael S. Smith^ Robert Sands Einspruch* Katie M. Peterson David J. Hopkins Charles F. Sterling Charles L. Elliott Annie Kim Podlubny Wei Huang Jaya Subramaniam Eric Christopher Ewald Samy Podlubny Wei Jonathan Huang Jenise L. Tate Stephan Michael Farber Vibhav N. Prasad Bret Thomas Huber Ivanka Telpis Brian David Fields Jaime Prieto James L. Iker Michelle Angela Toledo Evan Scott Fieldston Joseph Quinones Raj Venkataraman Iyer Krishna C. Tyagarajan Gregory T. Fraser Maalika Nina Rastogi Clare Megan Kanter ^ Juan I. Urdaneta* Jason Lee Galloway Mark David Remijan Anand G. Kaygee Janardhan Narayanan Vellore Antonia Y. Georgieva Christian A. Schwarz Ruhi Ahmad Khan Jay R. Venkatesan Ariella Poncz Golomb Scott Michael Segal Nam Jae Kim Pilar Susan Viccellio Thomas Davies Haines, Jr. Juan Carlos Serrano Arun Kohli Claudio Andres Waller John Trompen Harmeling Vijay Shankaran Michelle Renee Kopp Wei Wang Donald Louis Hawks III James P. Sharples Richard Liong Kwee David G. Whitcher Kiran Hebbar Adam Gordon Silfen Miguel Angel Leal Christopher Wong Erica Siegel Henning Brian Douglas Smith Namkoo Lee Vincent J. Zelenko Christian Hernandez** Adam Robert Spiegel Brian Douglas Lehman Robert Allen Hodgen^ Chris Uyematsu Tachiki Kathryn Michelle Lucas CLASS OF 2003 Eric S. Hoffmann Jose Karim Tamer Adrienne Mason Total Giving: $38,291 Olushegun K. Holder Autumn E. Taylor Jeremy Scott McGraw Participation: 13% Jewel Huijnen Egon Eugene Van Der Hoeven Christopher McKee Jerrlyn Shelley Iwata Gaetan Sm Van Wijck Karen E. Meador Anonymous (2) John Thomas Jadach Gregory Michael Walsh Steven Wade Medland^ Fadi Abou-Arbid Amber R. Jangha Lauren Wang Stephanie Alix Meyer Hippolyte Georges Agkpo Peter Tate Jensen Yizhe Wang Richard Dyfrig Miller Charles Russell Agle Treerita E. Johnson-Greene Steven Mark Weddell Michael Albert Minyard Stefanie A. Agusta Vanya Ilieva Kalaidjieva Brian Alan-Mingway Wong Imon Neaz Mohsin Steven Paul Albert, Jr. Helen W. Kaye Constance Fung Wong** Michelle L. Monteiro Marilyn S. Andersen Sara Beth Kleinberg Keet Meng Wong Anna V. Moshkova Devin L. Aronstam^ Ana Kreacic Zachary Abraham Wydra Siva S. Murthy Taran Sang-Yong Bae Vijay Krishnaswamy Asish K. Xavier Raymond Noujaim Laura Joanna Bennett Sukanya S. Kuruganti Yili Kevin Xie Jed F. Nussdorf** Kirk L. Blanchette Juan P. Lamo De Espinosa Evangeline Tanchan Yap

2012 Annual Report to Investors 71 Class of 2001-2012 MBA CLASSES

Nathaniel Lugtu Yap Jordan N. Greenbaum Kobina Paintsir Sam David Birnbaum Andrey G. Zavadskiy Catherine C. Grimes Siddharth Saran Maria Irene Bolanos Chunhui Zhang Gilles Guillon Creighton John Schenkel William J. Brilliant Carolyn Magill Hanson** Ronen Schwartzman Jessica Susan Bronesky CLASS OF 2004 Andrew P. Hertzmark Noah Shahmoon Shanok Alexander Joseph Brown Total Giving: $33,506 Jennifer Hsieh Raghav Sharma Janelle Maria Brown Participation: 13% Tony Y. Hsu Philip Haim Shpilberg Alexander Buzik Charissa Y. Huan Jeanette Sian William Anthony Byers CLASS DEVELOPMENT Jennifer Y. Huang Amitabh Singh David Th Chao AMBASSADORS Nathan K. Hugenberger Brian Gerald Smith Luis A. Chiang Carbonell Gilles Guillon Harris Henson Hwang Keith Allan Solomon Rebecca Wei Chiu Paul Lussow Sarah Milne Ingmanson Jeremy A. Stackawitz Matthew John Conway Paula Suzanne Janssen Matias C. Stitch Schuyler E. Coppedge DONORS Amy P. Johnson Cordelia Jane To Michael Jordan Crimmins Anonymous (1) Paul Richard Joklik** Nicole Torraco Sean L. Cunningham Eric G. Adema Eric Kacou Frederica C. Turner Vishram Dalvi Oliver Tobias Althoff Denis Kalenja Matthew Josiah Turner Harold De Neef Gregory B. Ames Anjali J. Kalyani Srinivas S. Velamoor Shannon E. Delage Roland Anthony Archer Meghan Bridget Kelly Neal Wadhera Fiona Julie Dodd Michael P. Basta Eli T. Kennedy Limin Wang Edward Keith Donnelly** Peter John Bates Madge Forbes Koch Christopher Wren Uzair Ali Dossani Paul I. Bergman Ryan Dustin Koch Richard T. Yeh David C. Drahms Nancy Bergsteinsson Evren Dogan Kopelman Anne Beaufort Zink Simone Louise D’Souza Tiffany Lyn Bray John Paul Lussow David William Fang Douglas H. Campbell Robert Andrew Marcus CLASS OF 2005 Farah D. Fehring Drew Bradford Carter William Todd Martin Total Giving: $43,761 Sergio Luiz Fernandes Michael J. Champness K.T. Mastronardi Participation: 14% Daniel Mark Fine Craig Barron Channer Scott Martin Matthews Christopher T. Fortune Nikhil Rajgopala Chari Zachary Cade McCarroll CLASS DEVELOPMENT Timothy Marvin Frazier* Basem Chbaklo Asha Mehta AMBASSADORS Kate Levering Friedmann George Ting-Fu Cheng Jeffrey Joseph Morales Mona Bijoor Simon Louis Frisch Joseph Chong Robert Baird Murray Schuyler Coppedge Payal Gandhi Brett Ian Cohen Radhika Nagampalli Caryn Feinberg Holland Printice Gary Michael Scott Cohen David C. Naiman Andras Forgacs Vassil G. Georgiev Leroy Pratt Copans Rachel Rekant Nelson Abhijoy Gandhi Jason Cheng Goh Karen Mae Dacosta Kristin N. Norley Yuri Keiserman Benjamin D. Grad Mark James Day Thomas Gitamo Nyairo Pete Kim Mark Andreas Grewe Henry F. Detering Jeffrey Yap Ocampo-Tan D.C. Moore Edward S. Han Michael John Dibiasio John James O’Connell Ben Pettigrew John Andrew Herold Luc M. Dowling Annapoorna Ogoti Laura Ross Carrie Nowacki Hiebeler Brian Scott Elieson Kevin O’Malley Grace Shieh James N. Incognito Meredith H. Epstein Goodman Tammy Park^ Ian Simmonds Donna L. Jabrani Lale Faheem Jason Todd Peters J.P. Talmon Douglas Lincoln Jordan Annabel S. Fan Nicole Elizabeth Petty William Henry Keener Daniel Farley Samuel Noah Porat DONORS Catherine Strauss Khan Kathryn Buckley Farley Ethan Evan Prater Anonymous (1) Ko Kobayashi C. Charles Fikry Hassan Ragab Justin L. Bergner Matthew Peter Kolling Jennifer C. Fisher Harsh Rameshwar Kathryn Bergsteinsson David Konciak Stephanie N. Gampper Beth Elyse Raskin Mona Parekh Bijoor Mary Anne Kurucz* Jessica B. Gilmartin Jeanique D. Riche Courtney Kramer Birnbaum Michael S. Langer

2012 Annual Report to Investors 72 Class of 2001-2012 MBA CLASSES

Axel Enrique Lapica Yiqi Yang Ari M. Chester Julie Simmons Lowrie Melissa Rodriguez Lapica Fang Yao Stephen Chien Brigette D. Lumpkins Dexter Chua Lee Gideon D. Yudelowitz* Meghna Chowdary Ephram L. Lustgarten James Edward Lenhart Miriam S. Zalcman Andrew Gee Wai Chung Omar Hayat Mallick* Jacob P. Levin Xiaoman C. Zhang Pamela Codo Lucia A. Marin Corinne Lin Ruilin Zhao Kristen Dawn Coletto** Nathaniel T. Massari Jonathan Lin Rafael Zitvar Bryan James Corey James L. McCormick Patricia Tien Liu Ethan Matthews Dabbs James N. McGarvey Jianfeng Lou CLASS OF 2006 Dov E. Daniel Cesar A. Medina Morten Marott* Total Giving: $43,761 Devanshu Dhyani Mile Milisavljevic Neil H. Mehta Participation: 16% John Patrick Dougherty Mona Moazzaz* Vishnu Shankar Menon Svetlana Dunaevskaya Karen L. Moog Palash Vinod Misra* CLASS DEVELOPMENT Alireza Esmaeilzadeh Julia Grebelsky Mord Elizabeth Arwen Moss AMBASSADORS Philip Aloysius Faix Clifford R. Moskowitz Justin Paul Murphy Jay Cecil Charles S. Field Marguerite E. Mugge Bonnie K. Niederstrasser Ari Chester Anne L. Gailliot A. Murakami-Cachon Travis Randall Nieman Karen Cua Jennifer L. Garstka John T. Myers Peter Matthew Oberle Wissam Darwiche James Bernard Gerwe Kasia Myers Elizabeth Anne Overbay Charles Field Rodney Gibson Aditya Narayanan Benjamin V. Pettigrew Rashmi Gupta David M. Goldsmith Lisa M. Naughton* Thong Nguyen Phan Sanjay Khanduri Jennifer Friel Goldstein Ignatius Njoku Aized Ali Rabbani Joseph Kirikian William F. Greene Michael K. O’Connell Kevin Martin Roberts Frederic Lotti Jocelyn Grega Jean Baptiste Oldenhove David Valois Rodriguez Borja Madrid Adam C. Groff Richard Alan Osborne Todd Aaron Rosoff Justin Markle Vivake Gupta Michael Palladinetti Laura Obie Ross M.K. O’Connell Philip Paul Gutry Ying-Kit Pang Sarah Gonzales Ryan Serhan Secmen Eugene Hahn Christen L. Patterson Shahab Salemy Justin T. Ham Pedro Martin Perez Reed William Schwandt DONORS Katherine Amy Harman Sean Petersen David Schwartz Anonymous (3) Jennifer Stewart Harmeling Patrick Pettay Ian Timothy Simmonds Edward L. Albanese Mark Richard Hearl Mark Alexander Pinho Anne Elizabeth Sissel Kiran Annavarapu Timothy Irvin Hentzel Mary Elisabeth Plowden* Megan Elizabeth Smyth Prabhat Arora Kelley Hayden Hicks John C. Raezer Nathan Blake Snyder Amanda Grosvenor Baldwin Jack Huang James A. Redfern Serhii Sokolenko Townsend L. Baldwin Wan Huo Jean Boehmler Reynolds Giridhar N. Srinivasan Arthurine E. Barned Ije Chinwe Ikoku Keziah E. Robinson William H. Stadtlander David Mandel Beaird Neal K. Jain N.R. Rodriguez-Brizuela Konstantin V. Stoyanov William Ryan Berger Adam Lewis Karol Matthew David Ross Jeremy Strauss Nikhil A. Bhandare Daniel Jeremy Karp Rohini Sahni Jeremy Michael Strauss Ajay C. Bijoor Pedro H. Knotschke Steven Ross Sarracino Jean-Philippe Talmon Dmitry Binkevich Rahul Kothari Ali John Satvat Mark C. Tronstein Holger Henrik Boerner Vikram Krishnan Tracy Balton Satvat* Elizabeth C. Trumbull Nathan R. Bouknight Tim Lee* Peter Joseph Schedler* Daniel Todd Ury Scott A. Bradford Daniel Dane Levin Shiva Sekhar Mallinath Vangala Guilherme Bulaty Micah Benjamin Levin Sara E. Senich Marc L. Volpe James Johnston Burke Cristiano Brito Lima Kwok Leung Sin Eric Scott Weinroth Melissa M. Burke Amanda T. Lonsdale Riteesh Singh Griffin Davies Whitney Stacy Sweet Calder Frederic Pierre Lotti Aubrey Leigh Smith Michael T. Wong Thomas Steven Champion Richard Blake Lovelace** Vasileios Stachtos Yan Xiong Janet W. Chan Daniel Crocker Lowrie David Saul Steinbergh

2012 Annual Report to Investors 73 Class of 2001-2012 MBA CLASSES

Roydel Alandro Stewart Prasanth Boda Rajyashree Jalan Shaun Rader Geoffrey D. Strong Matthew Whalen Bonanno Jonathan David Jewell James S. Riepe, Jr. Gary Scott Sultan Jonathan Buba Srinivas Kalyanaraman Talia Riklis-Day** Neda Talebian Dustin Jay Burke Boris Katsnelson Nima Safabakhsh Franco Fabrizio Tapia Jamin M. Byun Daniel Reed Kauffman Renos G. Savvides^ Desiree K. Trister Laura Adams Campbell Kathryn Lyndon Kehoe Abby Gennifer Schock Samuel Phineas Upham Ajay Bharat Candade Daniel Keith Kersten Erica Breckner Schwedel William Velez Nitin Chaturvedi Susrut Kesari Anusha Seetharaman Matthew Bryan Volinsky Thierry Chauche David Sean Key Sinharoy Shubhayu Sachin K. Vora Michele M. Cheowtirakul Sidharth Khanna Natalie Sidor Jennifer Manuel Wilder Jeannie Cho Gary Y. Kiang Latika Signorelli Scott Michael Wolff Matthew Po-Chuan Chou Philip John Kirk Jennifer M. Silane David C. Wolfowitz Joseph J. Chu Elizabeth Eunsil Ko Iskra M. Simidchieva Lee Ann Work Eduardo A. Cisneros Serena Kohli* Vladimir D. Spasov Jared Brent Worman Kevin Justin Clark David A. Kreiger Laurence A. Spector Seth J. Yablonovitz Katharine P. Cochran Ashish Kumar Lal Aarthi Srinivasan Joo-Young Julie Yoo Vladimir Young Cole Helene G. Lee James C. Statler B.E. Young-Fountain Elizabeth K. Coleman Ken Yue Lee Eric M. Stone Gabriel Andres Zamora Terence Francis Cuaso Elisabeth P. Leiderman* Vinay Sukhwal Rachel S. Zamsky Stephen R. Davidson William S. Lewis III Hendi Susanto Andrew D. Day Yun Karen Li Charity Ann Swanson 5TH REUNION Nisha E. Dearborn Charles Liu Stephen Dobyns Tadlock CLASS OF 2007 Sakis Decossard Benjamin J. Lundgren Karen Y. Tang Total Giving: $51,397 Neal Anil Desai Naina K. Mackay Amanda Claire Thomas Participation: 21% Daniel Joseph Dibiasio Kudakwashe C. Maposa Marlon Thompson Patrick Bosco Egeonu Jorge Margain Claudia Elena Tordini CLASS DEVELOPMENT Jamie P. Eggers Cristina J. Martin Tammy V. Truong AMBASSADORS Scott Franklin Elkins Duncan Lachlan McLean Pei-Yun Tsao Selorm Adadevoh Quincy Randolph Evans* Nathan Bryant McOmber Pui Pui Tseung Jonathan Adler Robyn Samantha Faden John R. Meyer Alex Verba Kevin Justin Clark Kimberly A. Fitzgerald Geoffrey H. Meyerson Elisabeth J. Wadsworth Sakis Decossard William Worthy Fogle Jason M. Miller Debby Kim Wang Raghav Gandhi Sandra Fontaine Moya Takamasa Minami Jacquelyn Angel Wang Linnea Julia Geiss Sheldon Theodore Forte Pedro Mont Julian S. Wassenaar Ken Lee Helen Elizabeth Foster Joel W. Montgomery Jared Stuart Weiner Latika Signorelli Christina Lynn Frey* Michelle Y. Moudry David Douglas Welling Jay Womack Raghav Gandhi Siddharth Mundra David Pierce Willett Romi Deangelis Garvey Sinead Murphy Jay Curtis Womack DONORS Linnea Julia Geiss Stuart Murray Meredith Lyndon Wu Anonymous (8) Rana Ghahremanpour Meenakshi Nagarajan Yi Zhang Jonathan Ross Adler Andrew Gillick Himani Naresh Longying Zhao Grant R. Allen Patricia C. Graue Napoleon Jason Nelson Tyler Anthony Ziemann Amit Baid Carlos Guerra Anne Bovaird Nevins Nicolas Ramon Banados Donald Robert Hadley Sara E. Newton-Smith CLASS OF 2008 Azim Barodawala Rachna Handa Olubunmi O. Obiora Total Giving: $21,384 Ali Behbahani Douglas John Harding Adrian R. Pasricha Participation: 13% Muriel Leila Berkeley Paul Daniel Hirsch Lluis Pedragosa Sanjay Bharwani Laurie S. Holden Niels C. Peetz-Larsen CLASS DEVELOPMENT Dilip Bhattacharjee Blake B. Hornbuckle Saritha Peruri AMBASSADORS Hani Assem Bishara Ellen Claire Hunter Gavin A. Pratt Melissa Bryan

2012 Annual Report to Investors 74 Class of 2001-2012 MBA CLASSES

Andrzej Cetnarski Rajat Gupta Andree Joelle Sosler George Coles Joel Dearborn Micole K. Hamburger Karthik Subramanian Hunter Davis Samra Haider Ross Elliot Hammer Fonny Surya Patrick Deem Fiona Ho Sarah C. Hammer Maoyong Teng Luis Diquez Niles Ho Aaron David Hankowski Fernando Torres Jonathan Dyer Craig Isakow Christopher E. Hill Julie C. Tseng Brendan Ederle Rob Jahn Fiona Chiyu Ho G.R. Van Rijckevorsel Jeffrey A. Fabre Bolaji Lawal Niles Ho Richard Joseph Viens Daniela Gelleni Joyce Liao Adrian R. Ironside* Vikram Viswanathan* Mitchell Green* Adriani Onie Craig Isakow Patricia Elena Werhahn Luyi Guo Anthony Sawtell William Edward Jarvis Jennifer J. Wilkinson Zhe He Katrine Sawtell Pradeep Jayaraman John Michael Wolfe Aaron Headley Nicole Smith Christopher K. Johnson Cleopatra Zagrean Jeffrey Henretig Pamela Velarde Khalid Kabir Samuel H. Holliday Aydin Alper Kadaster CLASS OF 2009 Robert B. Hosea DONORS Phillip Heejung Kang Total Giving: $18,860 Wayne Hu Anonymous (4) Aaron M. Kaplan Participation: 13% William Hurwitz Isaac O. Adejemilua Francis Kim Nagendra Jayanty Antonio Alfonso* Clayton David Knox CLASS DEVELOPMENT Lee M. Jelenic Alexander R. Amezquita Matthew H. Lattman AMBASSADORS Katie R. Kieran Anna L. Andonova Jin Mann Lee Hamet Aguemon Ann Kim Arindam Bardhan Lian Li Franklin Amoo Eurie Kim Hans Battle Jesse Lucco John Buchanan Nami Kim Keely Beck Samir M. Malik Hunter Davis Rebecca D. Kolsky Andres Bianchi Kevin Anson Matthews Armel Kouassi Vivian Kotun Morfa Matthew S. Blank Erik Matthew Miller Joanne Liu Armel Kouassi Daniel Branco Whitney Ann Miller Chris Luhur Amy Lan Sean Brenan Shiva Mirhosseini Sunanda Saxena Jinho Lee Susanna M. Brown Frederic Halsey Morris Aaron Schnarch Itai Lemberger Steven Charles Burns Grant N. Nachman James Schroder Eduard Lemle Barbara Andrea Burtin Kenneth Dang Nguyen Wayne Lesage Rosebud Buruku Jonathan Thomas O’Day DONORS Adam P. Levin Andrzej P. Cetnarski Samuel Mbabazi Ongwen Anonymous (4) Amanda Lewis Adrian Hin Chan Soyeon Park Franklin Amoo Lauren Lisher Wendy Lai-Ching Chan Thomas W. Parnell Kevin Anamaria Warayut Luangmettakul Hyun-Joon Chin Gary Wayne Patterson Lindsey Andrews Christina Luhur Douglas Cole Archana Ravichandran Aryea Aranoff Hussain Mahmood Joel A. Dearborn, Jr. Elizabeth Dyott Salter Vikram D. Bakhru Louis Marchetti Geoffroy D. Descamps Joseph Elvin Savig Jason Barg Agata Marczak Kumar Dhuvur Anthony D. Sawtell Maximiliano Barrientos Gonzalo Mibelli Kevin Done Katrine Sawtell Joulia Georgieva Berry David Miller Matthew Cleveland Drukker Apoorv Saxena Timothy Berthold Lisa Nager Adam J. Erlebacher Jeffrey L. Schwartz Travis Bowie Avery Cregan Newcomb Galia Felemovicius Pranjal Shah John A. Buchanan Wesley Nurss Thomas Filip, DMD Kyde Sharp Munhim J. Chaudhry Shintaro Ogata Anthony Edouard Fluet Joshua Shedroff George R. Cheely Timothy Parry Javier Garay Amelia Yuk Shiu Hongwei Chen Ana Cristina Pastelero Allison G. Goodson Catherine M. Silver John Chien Deena R. Peters Peter R. Gordon Brian W. Smith Zarja Cibej Anders Petersen Jason Ernest Green Blake Sonnek-Schmelz Lauren Cochran Carrie Peterson

2012 Annual Report to Investors 75 Class of 2001-2012 MBA CLASSES

Corbin Petro DONORS Eric Jacobson* Albert G. Sara Willis Phillips Anonymous (6) Abhishek Jain Robert Sebastian Kestutis Puckorius Maya Abdurahmanova Neha V. Jain Gilad Shany David Raff Justin Alexander Mark Julien Shwetha Shetty Sonya Raisinghani Kristina Anderson Jay Kahn Wendy Shiekman Cohen Spencer Reich Oliver Ardery Stefan Kang Mimi Shih Zachary Resnick Aradhana S. Bali Collin J. Karthauser Akihisa Shiozaki Matthew M. Rich Sujoy Banerjee Kwang Sup Kim David Silk* Nothando Khetiwe Richards Ricardo Baraldi Cheryl Kimber Nicholas Sinatra Gisselle Rohmer Aleksander Baranski Evan Klebe Amit Singhal Elizabeth Rose Michael Baron Andre C. Kursancew Piyush Singhvi Neha Santiago Lydia M. Bartell Francesca Maria La O James Soldano* Vaibhav V. Saraiya Novruz Bashirov David Lalonde* Angel Sosa Saket Saurabh** Mark Boucher Philo Lange Andrew Stewart Sunanda Saxena Douglas Brandely Hadar Larry Theodore Stofer Brian M. Schmanske Harris I. Brody Muhammed Lasege Charlene C. Su Aharon Schnarch Omar Caraballo Bryan Lattimore Brent Taylor Pranav Sharma Arthur Detmar Chamberlain Jinho Lee Chloe Thompson Ferdinand Sia Adam Champy Jung Hak Lee Tyler Tuite Manpreet Singh Swita Charanasomboon Adam L. Lessler Daniel Turgel Peter Sizgoric Chayan Chatterjee Howard Levine Kiichi Umezawa Meir Stein Rooh Chatterji Richard Lund Petras Vainius Patrick Sullivan Yujin Chung Sara Manning David Vasen Brenda Taylor Melissa Claugus Rachelle Martins Alberto Veliz Ryota Uetani Amy Cooper Stephanie McDuffie Sharon Warren Alejandro Vega Paul Curry Conradin Merk Richard Whelton Georges Verneuil Walter Czarnecki Muhammad S. Mian Joshua Wool Phuong Vuong Deva Dawson Greg M. Millhauser Ben Yi Adolfo Waisburg Emily Di Capua Michael H. Millington Austin Zalkin Sarah D. Walsh Daryl Drabinsky Anthony Mohr Denis Zaviyalov Keith Washington Phillip Druce Rosalia Morales Khaled Zurikat Robert Whipple Dario Druker Stephen Morrow Steven Wislo Isaac Esseku Rema Mounayer CLASS OF 2011 Fatima Faheemi Ignacio Munoz Total Giving: $10,879 CLASS OF 2010 Denise Fernandes Sarah Murphy Participation: 9% Total Giving: $57,400 Alison Guest Kunal Nandy Participation: 16% Christopher Hamilton Tram Nguyen CLASS DEVELOPMENT Matthew Hankin Seung Kyu Ok AMBASSADORS CLASS DEVELOPMENT Mark Hanson Jennifer O’Neill Deborah Crandall AMBASSADORS Philip Haspel Scott Orloff Nigel Cordeiro Javier Artola Brandi Herman Antonios Papantoniou Walter Czarnecki Ita Ekpoudom Sarah Hershey Ashish Parikh Chris Donnellon Ajanta Kalyanpur Michael Hervitz James Pellegrin Benjamin Francois Takashi Kawasaki Jared Herzikoff-Cornell Oleksandr Perevalov Carl Lonnberg Shrikirti Mahesh Stephen Hibbard Daniel Pulido Sabogal Megan O’Connor Ty Meeks Verna Hsu Justice Reid Selina Wang Anusha Prasad Rodriguez Maria Estíbaliz Incer Wonjae Rhee Stacy Stokes Samuel Isaacson Trevor Rich DONORS Charlene Su Alan L. Isenberg David B. Sachs Anonymous (4) Mineo Sakan Fatima Abdulla

2012 Annual Report to Investors 76 Class of 2001-2012 MBA CLASSES

David Adelman Pao Lai Stella Lin Anthony Bertuca Cyrus H. Afshar Brian Lee Phyllis Liu Audinga Besusparyte Farez Alibay Tae Hoon Lee Veronica Mendiola Jose Beya Anthony Altimore Matthew Leeds Tilottama “Riya” Sen Jose Bezerra Carl K. Anku Jessica Luk Claire Sutton Wagish Bhartiya Kristiina Anstey Patrick McBrearty Liming Yao Pejavar Rohit Bhat Kae T. Arima Alexander H. McCoy Niccolo Biancheri Mary Baccash John McDowell DONORS Paul Bienstock Sevasti Balafas Johnathan Medina Anonymous (23) Lauren Bitar Maame Adwoa Banful Humaira Merchant Ahmed Abdulmalik Alison Bloom-Feshbach David Bard Jose Monteiro Arya Abedin Shirin A. Bohra Deb Bardhan Julianna Muir Johnny M. Abram Natalie Bolch Elizabeth Bell* Federico Munoz Joshua Abramson Plern Bonython Martin Bell Rose Ndindiri Babasola Adeleye Elena Boyd Jordan Brehove David Neverson Raja Agnani Theresa Bradley David Brower Justin Overdorff Sameer Agrawal Milagros Brousset Kaifan Cai Samantha Perry Sebastian Aguilar Davian Bryan Nigel Cordeiro Ravi Raghavan Jonathan Aisenberg Julie Bucy Ranga Covindassamy Suhitha Reddy Jessica Aisenbrey Alexander Buell Luiza Curi De Mattos John Roberts Lauren Alexander Lisa Cai Edward Daverman Scott Rubino Andre-Matias Alfaro Daniel Calpin Philip De Cortes Margaret Russell Peter Allen Stewart Campbell Adrian Diaz Peter Ryan Nicholas Anderson Paul Capetillo Tania Dimitrova Eric Sadkin Sherri Andjelic Gustavo Cardenas Sarah H. Dong Jane Santini Jason Andrews Thiago Cardoso Sean Dowling Austin Scott Virgilio K. Aquino Rachel Carpenter Alexa S. Driansky Sejal Shah Andres Arboleda Gabriella Carvalho Leigh Enoch Awais Shaikh Stephanie Awad Brandon D. Cavanagh Brian Erke Wenyun Shi Nii Ayite Ayite Gokhan Celik Carl Fowler Winston H. Song Daniel Babkes Samantha Ceppos Philip Foxworthy Michael Sorensen Matthew Bailey Susan Chacko Kalman Gabriel Aarthi Sowrirajan Rebecca Bailey Balu Chandrasekaran Nikhil Gadia Frank Sprole Nassim Baiou Chia-Wei Chang Samitha Gajameragedara Brandon Stuut Christopher Bak Joy Chang Andres Garcia Kara Sweeney Daniel Baker Wilson Chang Natalie Garcia Michael Tonelli Anthony Balda Daniela Che Joshua Gartland Diana Townsend-Butterworth Douglas Baldasare Charlene C. Chen Jonathan Godin Petula Tse Rachel Balsham Chen Chen Ingrid Gustafsson Kathleen Utecht Richa Bansal Daniel Chen Wilrogtric Hackett Brian Zaratzian Matthew Barbas Dong Chen Katherine Hagin John Zox Noelle Barcenas Evelyn Chen Tage Howerton Elizabeth Barnum Jason Chen Julie E. Ingalls CLASS OF 2012 Mauricio Barra Rincon Karen Chen Mary Irish Total Giving: $22,653 David Bartlett Xiaoxue Chen Alison Jonas Participation: 63% Ibraheem Basir Christine Cheng Christopher Joseph Rachel M. Bassini Jennifer Cheng Arif Kadir CLASS DEVELOPMENT Laura E. Becker Kimberly Cheng Daniel Kahn AMBASSADORS Julia Bedanova Mark Chen-Keenan William Kang Constantinos Vassiliou Coutifaris Vikram Bellapravalu Jerry Chi Michael Kramer Jason Lin Sonia Berlin Kristina Chiu

2012 Annual Report to Investors 77 Class of 2001-2012 MBA CLASSES

Jigar Choksey Youssef Frem Bryce Holland Rohan Kumar Chutithorn Choochuenchaimongkol Laura Fruitman Colleen Horan Theodore J. Kwon Jose Luis Choucaira Frances Fukuda Rebekah C. Horowitz Eric Lai Ong Teung Frank M. Chu Nicole Gain Adria Hou Joseph Lai Hubert Chu Adrian Gale Tara Hovey Sophia Lai Pey Chyou Julia Gamburg Ashley Howerton Aneil Lala Kelsey Clark Xiaomin Gao Stephanie Hsu Bryan S. Lalezarian Rutledge Clement Gabriel Garcia Yiwen Hsu Nikhil Lalwani Nonya Collier Sean Gardner Amy Hsuan Marcus Lanznar Erica Connelly Miguel Garza Amy Huang Michelle Larivee Thomas Cooper Tomas Gazmuri Roger Huang David Lawson Raul Coral Pinto Nithya George Elizabeth Hudson Ariel Leboff Oana Cornis-Pop Nadim Gharios David Huebner Frederic Lecao Guilherme Costa Elizabeth Gibbons Christine Hwang Christopher Lee Alexis Cox Evan Gibson Tiffany Hwong Hyun Bum Lee Carolyn Cross Kyle Gilbride Brian Ierubino Jennifer Lee Brent D’Amico Lara Gitlin Aditi Jain Margaret Lee Robert Daniel Michelle M. Gittens Anurakt Jain Michelle Lee Kofi D. Darkoh Ronald Glass Brianna Jang Susan Lee Cody Dashiell-Earp David Glattstein Peter Jannuzzi Stephane Lesaffre Ankur Datta Dana Gleason Michael Jeanblanc Andre Levy Anthony De Guzman Vaughn Glover Elizabeth Jetton Jennifer Li Andrew Deberry Fernando Gomes Jennifer Z. Jia Zhengyi Li Diana Dengo Lauren Gonzalez Cheng Jin Amanda Liberatore Peter Derman Sarah Goor Katherine Johnson Michael Lim Daniel R. Desouza Matthew Goracy Grier Jones Fengxiaoyue Lin Pooja Dhargalkar Craig Gottesman Lisa Jorjorian Jason Lin Brent Dial Russell Gottfredson David Kahane Oscar Lin Marina Diaz Ibarra Robert Gould Ely Kahn Shirley Y. Lin Christina Dietrich Michael B. Greenman Vik Kakkar Samuel Linn Bethany Donaphin Sean Griffin Minyoung Kang Kimberlyn Lipscomb Kyle Dow Elysia Gruber Shereen Kassam Phyllis Liu Randall Drain Sarah X. Guo Patrick Keeley Nicholas Liveris Oliver Eckhard Gautam Gupta Khushnum Kharas Mckenzie Lock Adel El Senoussi Kunal Gupta Elizabeth Kiernan Victoria Lonsdale Katharine Eldridge Nitin Gupta Harold Kim Mark Lovett Jordan Elkind Daniel Haddad Hee Kyung Kim Timothy Lucey Nicolas Escallon Daniel Haimovic Jed Kim Sara Luchian Reham Fagiri Jared Halperin Jin S. Kim Nicholas Lumpp Ilya Feigin Albert Han Jin-Young Kim Patrick Lutfy Ryan Feit Frank Han Stephen Kim Scott MacLaren Sarah Fennell Anis Harb Seth Kisch Carmen Madanes Mariana Fernandes Kathryn Harrison Joseph Kistler Filip Maes Patricio Ferrara Wilson Hart Rebecca Kleinstein Lola Mafe Kimberly Firestone David Hecht Brian Korgaonkar Richard Martin Jason Fischer Alan Heck Toral Kothari Nimit Maru Scott M. Fishman Matthew Henley Viacheslav Kotov Andrew Mayer Matthew Fitzpatrick Amanda Hill Valeria Kozhevnikov John McCambridge Aaron Flink Margaret Hill Daniel Krausz Megan McCann Ryan Frankel Naoki Hirose Anjali N. Kulkarni Kirk McConnell

2012 Annual Report to Investors 78 Class of 2001-2012 MBA CLASSES

Brandon S. McCoy Adam Pearson Michael Scardigli Clayton Thomas Bryan McCoy Juan Penarrieta Frances Schendle Rebecca Wald Thomas Nathaniel Medina Santiago Peredo Jeffrey R. Schiffner Jose Thomaz Sanaz Memarsadeghi Aaron Perrine Kathryn Schledwitz Robert Thornock Veronica Mendiola Laura Peterson Robbins Schrader Karen Tien Han Meng Michael Phillips Ashley Schwarzmann Carlos Trad Freneau Michael Meng John P. Picasso Zachary Seely Patcharin Tritipeskul Eleonora Merjanova Tomas Pieter Vikas Sekhri Stacey Tsai Anders Meyerhoff Nicholas Pike Tilottama Sen Shuen-Chih Tsuei Morgan Miles Kristen Piotrowski Ankit Shah David Turner Artem Milinchuk Allison Pistone Hassan Shah Shin Ujiie Lauren Miller Kristine Sarah Poblete Kandarp Shah Reed Van Gorden Philip S. Mishkin Lillian Poon Monika Shah Michael Van Pelt Yushi Miyamoto Christine Pope Ravi Shah Rocio Vargas Tokuda Charlotte Moats Nina Prasad Barak Sharir William Vayakornvichit Jennifer Moon Derrick Preston Cole Sharp Matthew Mahir Verghese Federico Moreno Lindsey Puchyr Erin Shea Harrison Vigersky Martin Muniz Faris Rahman Jessup Shean Gerardo Villoslado Elizabeth B. Muscarella Sendil Rajendran Gideon Shiffman Geoffrey Vitt Fahad Najam Lindsay Rand Kohei Shinohara Rmit K. Wadehra Junichi Nakajima Thanapol Ratanaboon Nirupam Sinha Shruti Wadgaonkar Regen Naples Luis-Ramon Redondo Arweemas Sirisaengtaksin Ankit Wadhwa Siddharth Narayan Alexander E. Reich Dominic Skerritt Amy Wang Ryan Nelson Jeffrey Reitman Jessica So Simon Weber Austin Neudecker Francesco Revel-Sillamoni Tesia Sommer Brian Weigandt Alexander Ngo James Rhodes* Jie Song Wesley Whitaker Tara Nicholson Andrew Richard Alexander Sonnenberg Evangeline Wiles Benjamin Nightingale David Rider Richard Soto Stefanie E. Williams Jonathan Nipper Daniel Riedler Marijn Spillebeen John Wilson Paul Nolen Cristian Rios Christopher P. Stanley John Wilson Michael Noonan David Roberts Joshua Stein Melissa Winter Carl Nordenberg Alexandra Robertson Andrew Steinberg Katelyn Witek Christopher O’Connell John Robinson Matthew Sternberg Gayley Woolston Curtis Ofori Prathima Rodrigues Emily Stoler Erica Wu Phillip Oh Kristin Rogus Carol Strulovic Fujun Wu Risa Ohkawa Lauren Rosenblatt Varun Sud Lisa Wu Abimbola D. Okeowo Kimberly Rothwell Erica Sugai Zeen Wu Olufeyikemi Olopade Anastasia Roumelioti Kathryn Sullivan Julia Wynyard Victoria Ornstein Arunavo Roy Bo Sun Ran Xiao Abel Osorio James Ruane Byron Sun Zhuohan Yang Piotr Ossowicz Julia A. Rubalevskaya Yao Sun Liming Yao Tolulope Owodunni Gonzalo Ruiz Rohan Suryavanshi Kimberly Yeung Maria Palma Hatem Sabry Claire S. Sutton Suk Won Yoon Amy Pan Rahul Sadiwala Aaron Szekel Paul Yurashevich Haodong Pan Neal Sahney Stella Tambunan Sangeen Zeb Anirudh Pandita Brent Saiontz Vikas Tandon Priscilla Zee Shuchi Pandya Jillian Sala Samuel Tanzer Jingyu Zhuang Joonam Park David Salamanca Lauren Taylor Alison Paskert Roberto Sanchez Garvin Katerina Tchakalska CLASS OF 2013 Shamik Patel Kathryn Scarborough Robert Teahen Rushil Goel David Klein

2012 Annual Report to Investors 79 MBA for Executives MBA Classes Philadelphia

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 1977 George D. Shapiro William L. Warmuth CLASS OF 1989 Total Giving: $1,000 D. B. Simmons John P. Waterman Total Giving: $5,100 Participation: 18% Fred Wolgel Participation: 13% CLASS OF 1982 Ronald E. Burdge Total Giving: $1,650 CLASS OF 1986 Cynthia A. Black Jonathan E. Fielding Participation: 12% Total Giving: $250 John R. Bulger Louis F. Scheerbaum Participation: 3% Laurie J. Burstein-Maxwell Joan W. Cassedy Thomas S. Clark CLASS OF 1978 James A. Ferguson Ashok K. Rao James T. Cress Total Giving: $75 Rose-Marie T. Fox Donald J. Schroeder Steven J. Davidson Participation: 11% Robert K. Graves Susan J. Thomas Ann McLaughlin Korologos James H. Rich, Jr. Paul B. Long J.P. Duffy CLASS OF 1987 Melinda A. Mabry Edward J. Myerson CLASS OF 1983 Total Giving: $29,675 Michael M. Murphy Priscilla N. Myerson Total Giving: $2,890 Participation: 15% Paul A. Price Participation: 13% Janice A. Stevens CLASS OF 1979 Jonathan D. Albert Total Giving: $2,955 F. Timothy Boylan ^ Thomas M. Brandt, Jr. CLASS OF 1990 Participation: 15% Virginia L. Cunningham Sibley G. Classen ^ Total Giving: $44,965 Richard M. Dannenbaum Allen B. Good Participation: 18% Susan S. Blaser Kent R. McCune Mary Hadley-Devine Leland E. Ferguson Robert L. Packett Deborah L. Harmon Jay S. Adelsberg Edward J. Flax Kathryn R. King Michael J. Baresich Irene D. Goldfarb CLASS OF 1984 Susan Manix Frank C. Bennett III Kilin To Total Giving: $14,050 Pamela D. Schembs H. W. Classen ^ Participation: 15% Raymond P. Silcock Denise L. Devine CLASS OF 1980 Scott A. Wieler ^ Joseph B. Fetterman Total Giving: $6,000 John S. Babiec, Jr. Robert G. Frierson Participation: 5% Charles B. Brinkley CLASS OF 1988 Reginald N. Grant Jacob Chacko Total Giving: $13,150 Catherine O. Hennessy Anonymous (1) Stephen M. Sammut ^ Participation: 9% Owen M. Johnson, Jr. Charles J. Collova Elizabeth Stegner Dow Kim Lawrence C. Karlson Mary M. Wehrmann Robert R. Bonczek Thomas A. Mickler David A. Clark Barbara A. Mihatov CLASS OF 1981 CLASS OF 1985 Nancy M. Crabbe Amedee S. Prouvost Total Giving: $1,275 Total Giving: $1,463 Edward C. Forst Gregory M. Stover Participation: 26% Participation: 15% Ahmet Goksun Harold L. Yoh III * Kenneth N. Goldenberg * David S. Greer Cheryl L. Bittner Laura D. Iarocci CLASS OF 1991 Richard G. McMahon Martin J. Brill Bradley C. Palmer * Total Giving: $15,465 Marvin Preston IV Candace L. Preston John S. West * Participation: 11% Walter F. Prusak Kenneth A. Shulman

2012 Annual Report to Investors 80 mba for Executives Philadelphia MBA CLASSES

John J. Bermel John R. Redman Anonymous (1) Christopher G. Hanssens Beth Cohen Deborah M. Zabel Gerald J. Burke Linus N. Igwemezie Gary S. Gluck * Judith B. Dougherty Michele P. Kijak Brian F. Hughes ^ CLASS OF 1995 Brian Duffy Bina M. Leahy Cynthia A. Jay Total Giving: $11,108 Nicole I. Meyer Sridhar Rajagopalan* Jonathan S. Kern Participation: 20% James M. Norris* Robert S. Snyder Cynthia Orr Day Lisa P. Pryor Michael G. Wells* Mary Kay Scucci Edith V. Aviles de Kostes Keith H. Stimson John Wilhelm II Denise A. Williams Matthew D. Baker Evan R. Wolarsky Yehong Zhang Kam F. Yeung Shelley L. Boyce Francis E. Wolf, Jr. Sheri L. Chin CLASS OF 2001 CLASS OF 1992 Prasad R. Chintamaneni CLASS OF 1998 Total Giving: $15,844 Total Giving: $14,815 Cynthia M. Ciangio Total Giving: $4,500 Participation: 18% Participation: 7% Robert P. Cicalese Participation: 7% Peter E. Finn Anonymous (1) Leslie K. Dupree Ann T. Gillin Lefever Carmine D. Fanelle Blake A. Banky John Fehlauer Thomas G. Huffsmith Linda S. Habgood James M. Bartie Tracy H. Ivey Angelo S. Ioffreda Michael J. Luby Jessica H. Brennan Peter J. McKenney Anne L. Libby Gregory Parris Bradley J. Cannon Linda J. Mutschler Scott M. Lillis Vicki D. Poponi Leonard E. Dolhert Michael J. Naslund Lester J. Mayes, Jr. Susan K. Potter Andrea J. Funk John R. Sinnenberg ^ Timothy O’Shaughnessy Ivan D. Trifunovich Andrew L. Gordon Laurent C. Paris Paul A. Welsh Richard F. Hamm* CLASS OF 1993 David R. Parker Alexander Woltornist Kevin W. Hawley Total Giving: $21,663 William M. Petkun Neil O. Johnston Participation: 10% Jerry D. Poole* CLASS OF 1999 Paul Lemmo Joseph H. Timko Total Giving: $1,800 Edward Mintz David Altshuler John J. Vander Zee Participation: 6% Erin G. Noonan Wendy T. Chin Michael D. Petroff Jason S. Fisherman CLASS OF 1996 Jeffrey S. Engelman Adam T. Rosen Susan R. Forst Total Giving: $12,150 Paul Kavanagh Arvin J. Soh Eldridge F. Gray Participation: 11% Marc Lauzon Jean-Francois Tamby Karen I. Klimas Thomas Myers Mark A. Turner Mark J. Linaugh James C. Beachell Anthony Noto Daqiang Xu Christopher W. Mozina* Frederick L. Ebers Colman O’Murchu Frank H. Reichel III Kathryn M. Farley George A. Woodward CLASS OF 2002 Donald L. Roth Leslie W. Golden Michael R. Zuraw Total Giving: $7,100 Patrick J. Sheridan Jonathan J. Hastings Participation: 10% Nancy Olber Kaufman CLASS OF 2000 CLASS OF 1994 Mark C. Langdon Total Giving: $12,725 Jennifer Baliotti Total Giving: $4,100 Rodd J. MacKlin Participation: 14% Louise Campi Participation: 8% Thomas A. Nye Philip Gitler Joseph A. Rosamilia Ann M. Barber Maxine Gowen Anonymous (1) Robert S. Schimek ^ Stephen H. Barnes Michael J. Higgins Geoffrey C. Brooks John P. Streeten Autumn R. Bayles George R. Joyner Steven M. Diamond Thomas E. Calibeo Mark C. Lester William A. Julian CLASS OF 1997 Stephen M. Casey Joseph M. Mecane Michael Kieli Total Giving: $34,600 Kelly Christiano David Rubashkin Kevin A. McCreadie Participation: 10% Chinh Dao Farshid Shokouhi Brian M. McNeill * Gregory Whaley

2012 Annual Report to Investors 81 mba for Executives Philadelphia MBA CLASSES

CLASS OF 2003 Stephen Shueh CLASS OF 2007 Elizabeth L. Baldwin Total Giving: $1,825 Veronika Sonsev Total Giving: $15,895 Val Bauduin Participation: 6% Gordon Walker Participation: 32% Cesar Bocanegra John Weaver Kirk M. Brown Daniel J. Brennan II Jonathan M. Wells Clayton M. Albertson Guoding Chen Andrew G. Flett Dylan Wolin Jason T. Anderson Lillian W. Chiang David H. Hijirida Brian D. Atkinson David J. Cocagne Patrick G. Lyons CLASS OF 2006 Danielle K. Bateman Michael P. Connelly Ross Musumeci Total Giving: $30,405 Franck Bertoux Alexandr Hromcenco Joseph Oringel Participation: 30% Sonali Bhatnagar Joseph P. Jankowski Todd Simkin Alexandre D. Botelho Scott Javor Xinjin Zhao Anonymous (1) Gregory W. Brown* Adam E. Kane Bradford A. Birdwell J. D. Brundige Raman Kapil * CLASS OF 2004 Joseph G. Borrelli Joshua R. Carter Joshua D. Korsower Total Giving: $25,335 Christopher D. Brandt Laura D. Castleman Stephanie G. Montag Participation: 17% Iain Briggs Mina M. Chen Bernadette M. Murphy Ulf M. Cahn von Seelen Richard J. Cisek Sam Nayden Richard Blackshaw Raymond C. Canole Seth Davis Brian C. Parsons Damon B. Clemow Michael J. Castellano Gregoire Demory Richard A. Perez * Cristian Dersidan Jim Clippard Sandeep Dudhwewala Philip B. Renton Steven Dollase John M. Crain Richard A. Gieseler Sanyogita Shamsunder Ken Kazahaya David Cruice Andrea E. Goodrich Deepak Sharma Manal S. Mehta Kevin C. Dippold Gerard Gruner Sanjay K. Shetty L. David Mounts ^ Brian Egras Jessica A. Hatch Achim W. Welter * Kristie Pellecchia Kevin H. Franck James T. Hickey Michelle A. Reyes Derrick S. Goh Muffie L. Humphrey CLASS OF 2009 Sachin R. Shetty John M. Goode Gregory A. Kaufmann Total Giving: $20,930 Kenneth J. Stern Kenneth J. Gordon Gordon M. Kessler Participation: 27% Divakar C. Tailor Douglas L. Johns Sudhakar N. Kosaraju Jase W. Vanover Robert A. Lasser Jagmeet Lamba Anonymous (1) Sharon R. Wakiyama Matthew T. Laughlin Michelle K. Leff Utpal Bhatt Andrew A. Weber ^ Zoran Maricevic Michael C. Leraris Jo-Ann Chen Ashley K. Wenger Laura D. Megill Adewole O. Osinubi Yu-Ling Cheng Hongyi H. Xing Rekha Menon-Varma Lawanda Parks* Gregory Coleman Rana Mumtaz Eduardo Salaburu Joaquim Costeira CLASS OF 2005 Andrew M. Nisbet Karim Sidi Naomi E. Cromwell Total Giving: $7,358 Troy T. O’Reilly Joshua P. Sokoloff Jerome Devillers Participation: 13% Eleni Papadakis David A. Tcholakian David Dunham Tiago R. Pinto Manish Vig Eric Freedman* Bikram Bakshi Rohini Raghunathan Robert H. Vroman Gary Goodman Michael Castagna Prakash Santhana Steven J. Weiss Alexander N. Hack Yan P. Chao Apratim Sarkar David A. Willis John Karam Pawan Chaturvedi Leslie Shaff Joshua T. Krotec Peter Duffy Nicholas R. Sheppard CLASS OF 2008 Matthew MacKenzie Larry Jacob Rebecca J. Smith Total Giving: $16,988 John McCallion Frank Jimenez Hendrikus G. Ter Maat Participation: 23% Elizabeth McCombs Brent Losey William T. Uhl Timothy McCourt Brian C. Parsons Xinyi Wang Anonymous (2) William Mueller Ajit Salvi Kenneth L. Ziegler John E. Arnold David Mutryn Timothy B. Shannon

2012 Annual Report to Investors 82 mba for Executives Philadelphia MBA CLASSES

Salil S. Nadgauda Travis Nichols Bruce Crocker Arvind Natarajan Clement Pappas George Nolde Joseph Croney Brett Nelson Seema Prasannakumar Michael O’Donnell Pooja Daswani Evelyn Ni Sumant Ramachandra Alexander Pillersdorf * Andrea D’Emidio Prashant Nikam W. P. Rond Gregory Profeta Amit Desai Earl Odom Aran F. Ryan John Purcell Subodh Deshmukh Cheryl Payne Muthiah Sabarethinam Andrew Quan Sandeep Dhar Katie Pease Noel Schaubman Annamalai Ramaswamy Ishdeep Dugal Michel Poirier Benjamin Schnakenberg Jeannie R. Rojas Patrick Dwyer Timothy Power Barry Self Luca Saggese Frank Edwards Rajeev Prabhakar Deepak Seth David Shuler Andrew Fabian Elango Rajagopal Mohan Suntharalingam Eric Smallwood Nicholas Favret Raghuram Rajah Richard Talmadge Ebben W. Smith Gordon Fraley Kumar Rajnish Abha Thakur Robert Spencer Andrew Friedman David Rhode Sharad Vishvanath Tanuj Garg Brianne Salzano CLASS OF 2010 Jamie Weber Ross Goodman Michael Schwerdtman Total Giving: $19,056 Jessica Wirth Parul Goyal Andrea Sevanto Participation: 40% David Wurm William Grant Megan Sniecinski Courtney Graybill Bradford Sodowick Anonymous (2) CLASS OF 2011 Craig Gronczewski Michael Spilo* Tanya Andrien Total Giving: $61,104 Nitin Gupta Ramesh Subramanian Tim Behle Participation: 89% Pranav Gupta Daniel Sugar Sebastien Burdel Tanuj Gupta Jason Thacker Katherine Chen Anonymous (2) Haralambos Hadjitheoris Gaurav Tiwari Sumita Chowdhury Swarup Acharya Jonathan Hartigan Blair Urish Kevin Covert Clay Almy Edward Hartman Manish Varma Nicholas Davis Samrat Ambewadikar Anjana Harve Vipin Varma* Rahul Dhareshwar Sonali Arora Lauren Huneke Rajani Veeramachaneni * Ricardo Dosualdo Jessye Ball Genta Itoh Pallassana Venkataraman James Ferguson Alison Banks Ankur Jain Laurent Vernier Todd C. Gensler Ravi Bansal Jenish Joseph Daniel Voss Rohit Harve James Beaty Prashant Joshi Bhupen Wakankar Jeffrey Hassman Matthew Bird Kirk E. Kaminsky Grosset Waterman Jamison Jeff Joseph Bitterman Rohit Kapoor Bernardo Weaver Karim Kefi Robert Boc Biten Kathrani Casey Wendelburg James Knowles Robert Brantley Kenneth Klingler Kuo-Hsiung Wong Glen Kruse Jeffrey Bricker Alexander Kugajevsky Jack Yuen Gary Landsberg Megan Brody Philip Kuhl Leonard Law Grant Carpenter * Ann E. Lewis Jeffrey S. Lewis Rachel Cervantes Xiaoning Li James Liang Helen Chan Wayne Lin Joshua Maltby Edward Chiang Andrew Lovelace Colleen McStravick Sri A. Chittajallu Robert MacAskie Anthony J. Meehan, Jr. William Cho Richard Meene Zhaoquan Mi Sumit Choudhury Anthony Milinowicz * John Moots Sang M. Chung Thomas Milon Patricia Morschel Kyle W. Compton Jason Mulliner Narasimhan Navele Brian Corvino Daniel Myung Jon Nehlsen Christopher Cox Camile K. Nassif

2012 Annual Report to Investors 83 MBA for Executives MBA Classes San Francisco

All class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds. Reunion giving reflects both outright gifts and pledges.

CLASS OF 2003 CLASS OF 2006 Abhijit Sarkar Jason Cheng Total Giving: $740 Total Giving: $3,769 Jonathan K. Sobel Reza Faili Participation: 10% Participation: 16% Lucius H. Taylor Terence Hannon Dharmesh D. Thakker Erich Horn Anonymous (1) Raghuram Bala Charles J. Thuss III * Kendall Hulet David S. Cook Joseph V. D’Souza Jennifer J. Jacob Charles F. Gilbride Binoj Kumar CLASS OF 2008 Corinne Johnson Patrick J. Kilbourne Willie W. Lee Total Giving: $13,611 Maneesh Joshi Byron R. Renfro Jarvis Leung Participation: 25% Chi Nguyen Morvarid Taheripour Gautam Makani Michiel Post Van Der Molen Molly J. Maybrun Amir M. Agam Luke Proskine CLASS OF 2004 Kelly A. McCrystal Clay T. Armistead * Keith Shea Total Giving: $1,975 Harish Prabandham Michael A. Chowla Munair Simpson * Participation: 8% Chris C. Pu Sean N. Havlin Bipul Sinha Manish Ranjan Srinivas Kaza Jonathan Soberg Richard Gibson Avinash D. Satwalekar Brian C. Kelleher Jan Vandenhengel Charles Hajek Ramkumar Subramanian Jooyoung J. Kim Jonathan Wakenshaw Ryan McDonough Lorraine Y. Sumulong Timothy J. Komada Feng Y. Wei Shankar Narayanan Christina Tseng Xin Li Lalitha Nathan Charles K. Lim CLASS OF 2010 Teruyuki Shimizu CLASS OF 2007 Kelvin C. Liu Total Giving: $18,183 Thomas Woodbury Total Giving: $10,858 Mark L. Martin Participation: 30% Mike Yang Participation: 30% Baltasar D. McMaster Zachary M. Mortensen Anonymous (3) CLASS OF 2005 Denise T. Ambrose Nihal S. Muzumdar Roberta Brewster Total Giving: $7,025 Heinrich C. Blennemann Charles M. Owen John Corliss Participation: 18% Laurence G. Burnett Balasubramanian Rajganesh Anirban Datta Debashish Chatterjee Sridevi K. Rao Fabrice Della Mea Michael A. Ashburn Yuen-Shung Chieh Sam Rosenfeld Weiying Ding Sally Bao Ashish V. Chordia Zhen Tao Charlotte Evans Gregory Chow Eric L. Connors Andrew J. Tochterman Erik Heggland Jennifer Chow Sean A. Curran Ariel Tseitlin Caspar Horne Gary Culliss Manish Goel Scott R. Yi Brett Keating* Michael Gipe Biswaroop Guha Prasad Kilaru Matthew Humphrey Kenneth J. Hong CLASS OF 2009 Josephine Koh Jeffrey D. Lee Randy Hyun Total Giving: $12,913 Miriam Leigh Ryan Morris Haris Japic Participation: 29% Shubham Maheshwari Matthew Myllykangas Andrew H. Junkin Tanya Moniz-Witten Mason Ng Ian C. Lombard Anonymous (2) Jayaram Nanduri Jeff Oberstein Matthew S. Nelson Stanley Allen Daniel Paik Katherine Sherwood Michael W. Olivas David Barnes Jyotirmoy Paul Zornitza Stefanova-Mirrashidi Kirti D. Patel Patrick Bigot Daniel Sullivan Alan Westenskow Zachary W. Perry Avijit Borthakur Christina Todasco Eric Young

2012 Annual Report to Investors 84 mba for Executives San Francisco MBA CLASSES

Suki Toguchi Jyoti Jain Chinglun Wu Bingda Wang Santoshkumar Janardhan Shao-Po Wu Paul Williams Xin Jiang Praveen Yasarapu Elisa Yu Gaurav Kachhawa Jason Yu Robert Zwolinski Vishal Kumar Eric Zarkovich Daehee Lee Jacob Zigelman CLASS OF 2011 David Lee* Total Giving: $30,905 Nir Liebling CLASS OF 2012 Participation: 90% May Lu Michael Lee Brandon Mah John Adger Amit Mahadik* CLASS OF 2013 Shiv Agarwal Emilio Maldonado Lily L. Ng Michael Antonsen Karthik Mandakolathur Jonathan Ben-Horin James Marsh Kevin Bersofsky Christopher Martin Aden Bliss Michael Mayon Monalisa Bora Jason Miles Matthew Burns Christopher Min Victor Chao Andrew Nickerson Richard Christensen Olorunfunmi Oliyide William Coleman Shumeng Pei Francois Daumard Guy Penini Anders Davas Garrett Pilcher Anoopkumar Dawar Suraj Rao Joseph Dekker Delfin Rodillas Jessica Desnoyer David Ronco Ruslana Deykun Tamara Rothenberg Ravinder Dhat Puneet Sahi Kiran Doreswamy Rochan Sankar Alexander Driskill-Smith Brandon Savage Jill E. Ford Barkha Saxena Martin Gedalin Jennifer Schultz Nipun Girotra Mitesh Shah Ashwini Govindaraman Shrinivas Shetty Jason Haase I-Hung Shih Larry Harris* Sanghamitra Sinha Yvonne M. Hart Paul Smith Siraj Hasan Mukund Sundaram Yizhou He Bradley Thomas Maia Hightower Eswar Vemulapalli Corydon Hill Puthucode Venkiteswaran Jason Hodder C.D. Whatley Nishant Jadhav William Wizeman Srinivasan Jagannathan Theodore Wolcott

2012 Annual Report to Investors 85 Friends, Parents and Family Foundations

Philanthropic Support Higher Education exists and thrives in this country because of philanthropic support. Wharton could not have achieved its present level of excellence without generous support from friends, parents and family foundations who keep the School first on their list of philanthropic priorities. On behalf of the next generation of Wharton leaders, thank you for helping to build on the foundation of Joseph Wharton’s commitment to giving back. Friends,Parents and Family Foundations

Outright gifts and pledges to restricted and unrestricted funds from friends, parents and family foundations.

Anonymous (29) Charlotte P. Baker Borch Foundation Jenny H. Chang 1918 Fund Patty C. Baker Marguerite Bowen* Nelson A. Chang Lisa M. Abramowitz Patty and Jay Baker Foundation Kyle Braden Grace Chang & Peter Mansfield Susanna Lachs & Dean Adler Jean Ball Bradley Family Fund Charitable Fund family Charitable Fund Sonia Baltodano** Susan C. Brenman Chapin Charitable Trust Adler Foundation, Inc. Derek Bandeen Frances F. Bretter Stanley S. Chaplin Lynn Aidala Stephen A. Bank Fund Maria Brewster Amy Chasen His Excellency Sheikh Nahayan Bankoff Family Giving Fund Marie C. Bridy Amy and David Chasen Mabarak Al Nahayan Barksdale Family Fund Bonnie Brier family Fund Rachel Cohan Albert Ann Barnett Charitable Fund Susan J. Briskin Mr. and Mrs. Richard G. Cheong Seppala Aleksantero Mr. and Mrs. Ron Baron Toby Briskin Katherine Shen Chia^ Michelle Alford The Barr Fund Sophie & Arthur Brody Foundation Chia Family Foundation Almar Foundation Jeanne Hearne Barsamian Linda D. Brown Vivian Chiang Mr. and Mrs. Richard M. Alpher Bassatne Association for Charity Sandra T. Brown Chimera Charitable Gift Fund Diane C. Althouse Lee M. Bass Fund Suzanne Brownstein Sonya Pupera Chodry Sharman & David Altshuler Baylock Family Trust Elise and Andrew Brownstein Linda K. Chong Advised Fund Paul Joseph Bednarski Trust Charitable Trust Celia Chou Amato Family Fund Albert P. Behler Mathew Brownstein Silas K.F. Chou Joan Anchin^ Shelley A. Behrman** Adam Brownstein Trust P.C. Chou Family Foundation Edward N. Antoian Fund Barry H. Beracha Charitable Fund Jason Brownstein Trust Clark Family Foundation Apax Foundation Jennifer E. Bergantino Lisabeth M. Bulmash Helena F. Clark Trust Apple Foundation, Inc. Paul V. Bergantino John M. Burdick Claude and Sofia Marion Roz Aranow Mr. and Mrs. Allan J. Berger Randall S. Burkert Charitable Fund Foundation Catherine Aresty Jodie P. Berkman** G. Steven Burrill Ralph & Mary Cleveland Catherine & Joseph Aresty Joy M. Berlin Elisabeth Hillenbrand Burtschy Foundation Foundation Milton and Jena Berlinski Butler Family Foundation David A. Cohen Valerie A. Arkoosh Foundation Cambourelis Family Foundation Christina and Tim Cohen Fund Julie Arnheim Berman Family Fund Thomas and Patricia Canfield Joel and Lois Coleman Thomas C. & Genevieve H. Dorrit Bern Gift Fund Foundation Arnold Foundation David Bernstein W. P. Carey Foundation, Inc. Collins Family Foundation Howard Arvey Beth Burnam Trust of 1993 Jeffrey P. Carpenter Michael R. & Anne C. Arvey Foundation Dahlia Bilger^ Brian & Melinda Carroll Coltrane Fund Asplundh Foundation Bilger Foundation Charitable Gift Fund Natasha Comfort Community Mr. and Mrs. A. A. Athanassiou Tinah Bingei Tanoto Anne Casscells Gifts Fund Larry S. Auerbach Anne Bladstrom Barbara Cassidy Foundation Community Foundation of Michelle Aufzien Blatte Family Foundation CDVSJ Foundation Greater Atlanta Aufzien Foundation, Inc. Jacqueline Blumberg Linda M. Censits Anne Connelly John D. and Jill J. Avery Mitchell and Margo Blutt Ouida E. Censits Anne and Michael Connelly Charitable Fund family Foundation Cerminara Foundation Foundation Theresa J. Awe Boisi Family Foundation Jason S. Cha Jodi B. Cooperman AXA Foundation Fund Elise & Gil Bonwitt Deborah Adler Chalfin Jodi & Wayne Cooperman Parashqevi Babi philanthropic Fund Robert J. and Deborah A. Chalfin Charitable Fund Bacas Family Foundation, Inc. Dan/Merrie Boone Foundation family Foundation Cope Family Foundation #47 Bacca Foundation Young Boozer Family Foundation Christopher Chaney Raquel Coppersmith

2012 Annual Report to Investors 87 Friends, Parents and Family Foundations

Corday Family Foundation Eric Edidin Ines E. Franco Peri Goldman Family Fund Corwin Family Charitable Fund Paul and Susan Efron Foundation Marilyn Frank Goldring Family Foundation Susan C. Cotter** Jacalyn C. Egan^ Ronald E. Frank Perry and Donna Golkin Gerald R. & Jeanne M. Curtis Fund Hagar Eitan Janet A. and Gregory B. family Foundation Cushman-Prouvost Family Susan Elfman fraser Fund Emma Goltz Gift Fund Mary P. Ellard James L. Freeman Fund Frederick M. & Emma J. Goltz Emily Cutler Madelyn E. Elling Mr. and Mrs. Neil M. Freemer Revocable Trust Cutler Family Fund Deborah Borth Elrad Harry M. Freer Revoc Trust Bennett W. Golub Billie J. Daniels Endowment Fund William Frey Lawrence Golub Darivoff Family Foundation Jay A. Epstien Helen Clay Frick Foundation Golub Family Fund Alice Davenport Ariel Etcheverry Leo and Kathryne Friedman Trust Ashton Goodfield Robert J. Daverman Foundation Amy Etherington Stewart Friedman Andrew L. Gordon David Friedman Private Foundation Ettinger Family Trust Kenneth Samuel Frieze Fund Melanie Gordon** David & Janet Desmond Phil Fund Richard and Merry Feintuch Fund Andrew & Ruth Frommer Victoria S. Gottlieb Elizabeth & William Davidson Family Suzanne S. Feldman Charitable Fund Vidya Govil** Charitable Fund Mary Caryn Felipe^ Christina Fuchs Fund Sanjay Govil Foundation Gary S. Davis Fidanque Hermanos & Hijos SA Galkin Private Foundation Denise Graf Howard J. Davis Karin B. Fielding Michael Ganz Betsy J. Green Orianne Davis Fields Family Charitable Fund Garchik Family Foundation Marla J. Green Ellen and Gary Davis Foundation Bryan & Barbara Fields Garrison Family Charitable Fund William Greenbaum Day Family Foundation family Fund Marilyn Gaskin Lawrence Greenberg Trust Rosa R. de la Cruz Jerrold and Sally Fine Stavros Gatopoulos Julia Greenblatt Mrs. John C. Dean, Jr. foundation, Inc. Bill Gatton Foundation David L. Jergen & Cynthia Shelly H. Dee Cynthia K. Finerman Gayda Family Foundation Greene Fund Joe Del Gaudio Karen Finerman Charitable Shirley Gee Rita Greenfield Susan Delaney Gift Fund Glenn George Beth A. Greenwald Michael A. and Susan Gavoor Carol and John Finley Fund Gerald A. Tomsic 1995 Trust David & Beth Greenwald Delaney Charitable Gift Fund Julie Seltzer Firsty Nils Gesser family Fund Denargo Fund Randi Fisher Deirdre M. Giblin & David B. Greiner Family Fund Robert F. DeRito Fisher Family Fund duBard Charitable Foundation Janelle J. Grimes Ashvin Dhingra Randy Chapman Fishman Virginia T. Gibson Michael D. Grimes Josephine DiBiasio^ Fishman Family Foundation Hilary Gillman Michael & Janelle Grimes Fund The Dixon Family Trust John G. Fitzpatrick Family Fund Gipson Family Foundation John R. Grimm doll Family Foundation Reuben H. Fleet Foundation Fund Stanley C. Glantz W.T. Groome Doll Family Fund Charles & Lisa C. Fleischman Glaser Family Foundation Michael S. Gross Anna M. Dopkin Charitable Fund family Foundation Sandra Glass Gross Family Charitable Doty Family Foundation Preston J. Fletcher Newton Glassman Foundation John R. & Tara G. Doubman Fund Towana R. Fletcher Charitable Foundation Doris Martin Grossmann Daisy W. Dowling Janet & Arthur Fliegelman Fund Jonathan I. Gleklen Frank Grosso Drukker Foundation Claire Fluhr^ Gary Gluck Charitable Fund Irving & Jett Groves Adele G. Drummond Lucille Ford Scott N. Godes Charitable Foundation Thomas Duckworth^ Sharon A. Fordham Foundation, Inc. Pamela M. Goergen Kevin and Donna Gruneich Richard J. Dugas* M.J. Foti** Goergen Foundation Foundation Susan O. Dugas* W. Frank & Sharma R. Goettinger Family Charitable Ellen S. Gutenstein Duniry Foundation fountain Fund Gift Fund Robert G. and Ellen Gutenstein Mardi & David Durkin Family Fund Fram Family Charitable Gift Fund Bonnie J. Goldberg** Foundation Peter L. Dwares Trust Francis & Sylvie Barker Family Fund Gold Family Foundation Gloria G. Haft

2012 Annual Report to Investors 88 Friends, Parents and Family Foundations

Mary Haft^ Frederick and Andrea Hoff Christopher & Lucinda K. John S. Kraus Jamie Halper* Charitable Fund Jones Fund Thomas & Paula Kraus Barbara A. Halvorsen* Hoglund Foundation Evan and Cindy Jones Foundation family Foundation Jean K. Hamburg John J. and Edna M. Holahan Fund The Marion C. Jordan Fund Barry Kringstein The Jean K. Hamburg Living Trust Holekamp Foundation Lisa A. Josephson Christina Kringstein Hankin Foundation Joan Holmes Kadrovach-Duckworth Foundation Steven Kuan William P. Hankowsky Mr. and Mrs. Shek C. Hong* Debra Amper Kahn Shailendra Kumar Richard D. Hannan Family John J. Hood Douglas J. Kahn Charitable Kushner Family Charitable Fund Foundation Robert & Elizabeth Hooker Fund Gift Fund Kussmaul Family Fund Hannsz Family Charitable Fund Hosono & Axelrod Tayeb Kamali Fiona Kwee Lynn McDonald Harding Charitable Account Barry and Rochelle Kaplan Kristina S. Lambert Hardy Foundation Carol A. Hovey Foundation John P. Lamberton Fund Brenda C. Harper James W. & Carol A. Hovey Karlson Family Charitable Fund Martin R. Landau Sandra J. Harris Foundation Susana T. Katz Bruce & Leslie Lane Foundation Joshua and Marjorie Harris The Daniel Howard Trust Mr. and Mrs. Axel Kauffman Curtis & Stacey Lane Fund family Foundation Margaret J. Howe Ivan P. Kaufman Janet O. Lang Robert E. & Barbara W. Shu H. Hsu* Judy Kaye Carin E. Langen harrison Fund Louise H. Huber* Steven and Judith Kaye Jonathan & Debra Langer Mary G. Harvey† Huber Family Charitable Fund Charitable Fund Charitable Fund Bruce Hauptfuhrer Chartiable Fund Cathey S. Humphreys^ Keeler Family Fund Paul D. Lantz Hayden Family Foundation John T. Hunt Carole Keidel Carol L. Chusid Lapidus Helen Heller David H. Hunter Lucinda Kellam Jones Mr. and Mrs. Eric B. Larson Ronald I. Heller Brynn Huntsman* Nancy Lee B. Kelly Eric & Katherine Larson Heller Family Foundation Peter Huntsman* Kelly Family Foundation family Fund Charles Hennekens M.D. Jon and Karen Huntsman Kelsey Family Foundation Bonnie A. Larson Revocable Trust Foundation Foundation Kerdell Family Fund Robert Lavizzo-Mourey Brian and Jennifer Hermelin Hutzler Fund, Inc. Susan S. Ketcham Fund Gloria M. Lawrence philanthropic Fund IAC Foundation, Inc. Key Foundation Lawry Family Fund Etie Hertz Nina Ibrahim^ Vandita Khullar Singh Leder Family Foundation, Inc. William H. Herrman Nina & S. A. Ibrahim Foundation Allison J. Kiffin Laura Lee foundation, Inc. John Idol Dustyn Kim Margarette Lee Naomi C. Hewitt** Idol Family Foundation Laura Kim Lee Foundation Barbara G. Heyman Lara E. Ignaczak** Jerome King Marian C. Leers Charitable Trust Judith S. Heyman William H. & Cathy Brienza Ingram Percival J. Kirk Jane A. Lehman and Alan G. William C.S. and Lucille Hicks Family Foundation Jeffrey J. Knopping Rev Trust U/A lehman Foundation Charitable Trust Hilary Isakow Virginia C. Knott Leon Levy Foundation High Rise Capitol Foundation Isakow Foundation Karsten Koed Jill N. Lerner Beth Hildick-Smith Philippe Jacob Charitable Fund Koenig Charitable Foundation Lerner Family Foundation Cindy Hill^ Jacobson Family Foundation Anne Komada Jill Levick Robert & Cynthia Hillas Robert & Ardis James Foundation Kopelman Foundation Leslie Levick Charitable Fund Jandt Foundation, Inc. Lawrence M. Korman Stephen Levick Boris Hirmas Said Jean Sennett Fund Pamela C. Korman Susan L. Levine The Hitt Family Foundation, Inc. Mr. and Mrs. C. David Jensen Elizabeth B. Korn Levine Family Foundation Ola Hixon Andrew M. Jergens Fund Korn Family Fund Allen J. and Leslie S. Levinson The H.L. Brown, Jr. Family Jing Family Fund Holly F. Korngiebel Charitable Gift Fund Foundation JNC Fund The Kors Trust Susan Levitt Janice Ho* Suvarna Joglekar Marie-Laure M. Kosian Levitties Foundation Hoenemeyer Family Foundation Jolson Family Foundation Kranzdorf Family Foundation Diane v.S. Levy ^

2012 Annual Report to Investors 89 Friends, Parents and Family Foundations

Ken Levy Eileen Markowitz Linda P. Montague William Palace Lorraine Levy Nancy Marks Carolyn S. Montgomery Tia Palermo†^ Rosy Levy Julie Marshall Garrett and Mary Moran Palermo-Ravich Revocable Trust Robert M. Levy Family Foundation Rebecca L. Martinez family Foundation Jinhui Pan Jane Lewis Massey Kankal Realty Services Mordy Family Charitable Fund Pamela and Edward S. Pantzer Steve and Donna Lewis Elizabeth Ring and William Gwinn Morgan/Dekalb Gift Fund Doris Parker Charitable Fund Mather Fund Peter & Samantha Morin Dena Pass Kathryn C. Lieb Lisa Matlin^ Revocable Trust Theodore Pedas Revocable Trust Richard D. Lieberman Glen T. Matsumoto Denise B. Morocco Natan & Lidia Peisach Lieberman Family Foundation Shari D. Matz Donald F. Morrison family Foundation Albert Liliengeld John F. Maybank Rev. Trust Barbara Morrow Penanhoat Family Fund The Terence M. Lim Fund Tom and Arlene Mazur Gift Fund Mule Family Foundation Erica J. Penn Linder Legacy Fund Mary Mc Cleary John & Susan Mullin Fund Kevin & Erica Penn Charitable Lipkin Family Foundation John J. & Joan Creamer McArdle, Kathleen A. Murphy Ring foundation of the Jewish Marie O’Gara Lipman III Foundation Teresa Murrin** Communal Fund Barry and Marie Lipman E & D McCarthy Living Trust Joshua and Stacey Nadell Fund Sylvia M. Perez family Fund McElwee Family Fund Asuka Nakahara A.W. Perry Trust Robert Lipsher T. McGeough Family Fund Karen S. Nakahara Lisa A. Perry Bao Yu S. Liu McGrevin Family Fund Nancy Nasher Barbara Fechteler Peterman^ Ren Qiang E. Liu Mimi and Jim McKenzie Martin David Nass Don & Shirley Peterson Sean Z. Liu family Fund Peggy & Bob Natiello Charitable Fund Patricia C. Lobaccaro Herman & Olivia McManaway Charitable Foundation Peterson Family Trust Lockard/Marduel Revocable Trust McMullan Family Fund Daniel A. Neff Karen B. Petkun James C. & Bette Lordeman Katherine H. McNabb** Jane C. Nelson* Dwight P. Pettay family Charitable Gift Fund E. Robert & Angenette D. Meaney Andre J. Neumann-Loreck** Cathy Pettway Leon Lowenstein Foundation, Inc. Charitable Fund Nancy L. Newberg Paul H. Phaneuf Charitable Sam Lundquist Robert J. Melvin Fund The Bruce and Nancy Gift Fund Lunevica Foundation William Merritt III newberg Fund The Philadelphia Foundation Mr. and Mrs. Kwon T. Lung Robert M. & Ann F. Michaels Fund Newton Family Fund Barbara Piehler Vanisha Lunia Gary Michelson New Visions Irrevocable Trust Philip Pilevsky Robin G. Lutin Gary Karlin Michelson, MD New York Community Trust Lauren Pinkus** P.S. Lynch Charitable Lead Charitable Foundation Noble Family Trust Scott and Linda Pinkus Annuity Trust Julie Miller ^ Norris Family Charitable Fund Foundation Frederic Mack Lisa K. Miller Mary Maluk Nugent Pinto Foundation Fund Phyllis S. Mack Mather Fund Susan Mathes Oberwager Robert and Janet Pollan Elizabeth V. MacKay Mr. and Mrs. Matthew Miller Jane E. Och Philanthropic MacKay Family Fund Miller-Goldberg Family Fund Daniel and Jane Och Polley Family Fund William and Phyllis Mack Scott and Julie Miller Charitable Trust Cheri A. Poole family Foundation philanthropic Fund David P. O’Connor Posner Foundation of Pittsburgh MacKlin Family Fund Miller Realty Philanthropic Fund Judith O’Leary Emily S. Pottruck Madden Family Foundation Lisa Mitchell Pamela J. O’Leary David & Emily Pottruck Fund Jenny Magee* Ira M. Mitzner Rhonda and Rory O’Neill Fund Present Family Foundation John F. Maher Family Foundation Ira M. Mitzner 2004 Oregon Community Foundation Stefanie L. Prigge† John Mandeville Revocable Trust Susie Oringel Sharon Prince^ Elise F. Marbury Mindy Mitzner Eleanor Packer Prince Family Foundation Alix Marduel* Ken & Julie Moelis Foundation Heather H. Page Provincial Foundation Arnold J. Markowitz Anita Mogili Paintstone Foundation Tommy Puk Dawn S. Markowitz Larry & Celia Moh Foundation Susan W. Palace Cynthia & Jerry Pyle Fund

2012 Annual Report to Investors 90 Friends, Parents and Family Foundations

Pzena Charitable Foundation Janet Robusto Schwab Charitable Fund Bruce A. Singer Emmett R. Quady Foundation Neal I. Rodin Joyce E. Schwartz Rebecca P. Singer Jeffrey S. Quicksilver Beth A. Rogers^ Lawrence Schwartz Nancy Slatky^ Stacey D. Quinn Andree Rolfe Schwartz Family Foundation Wendy Sloan** Quinn Family Foundation Rorer Foundation, Inc. Schwedel Foundation Christine Slotznick Quinn Family Fund Ann B. Rosenberg Robert J. Schweich Fund Smart Family Foundation Morton Rachofsky Seymour Rosenberg Jeanne Joy Scoby^ Bruce and Brenda Smith philanthropic Fund Patti Grossman Rosenfeld Scoby Family Foundation donor Advised Fund Cathy Raduns^ Rosenfeld Family Rachel Scott Arnold E. Smolnes Memorial Fund Barbara Goodman Raho Charitable Foundation Scott Family Charitable Acct. Sharon Snyder thank You URBN Foundation Bruce A. Rosenfield Sevilla-Sacasa Charitable Fund Marcia W. Soldatos ^ Sudha A. Ram Allison & Bennett Rosenthal Fund Kathryn G. Shaifer The Soldo Family Foundation Derek & Emily Rapp Family Fund Jennifer A. Ross Hal Shanis Solot Family Foundation Rands Roboff 2003 Rev Trust Ross Family Fund Richard T. Shannin William Song Dinanath F. and Sunanda Rane Jean-Pierre Rosso Charitable Trust Isadore Sharp Xiapin Song Bruce Ratner Pamela and Stuart Rothenberg Catharine D. Sharpe Craig A. Spencer Rose M. Ray** Foundation Charitable Trust Michael & Mita Spilo Fund Raynier Institute and Foundation Herman & Jeanne Rottinghaus The Sharp Foundation Thomas M. & Laurie J. Anderson Lauren Razook** Charitable Gift Fund Joanna Shaw Sprague Fund Rebold Family Fund Carolyn Rowan Robert and Hope Sheft Springview Charitable Fund Gene Record Fund Rowan Family Foundation philanthropic Fund Stephen Squires Lewis B. Redd Richard Ruben Dan Sheinberg Nancy Stack Patricia B. Redenbaugh Ruby Family Foundation Lizette Sheinberg Nancy & Geoffrey Stack Family Donald B. & Rita Jean Reed Brenner Rudman Charitable Trust David & Susan Sherman Foundation Charitable Gift Fund Joanne M. Runner philanthropic Fund Bonnie M. Stapleton Anne G. Reid Ruttenstein Endowment Fund Ned and Emily Sherwood Robert J. and Bonnie M. Janet Reis Safe Futures Fund Foundation stapleton Fund Jessica Reisman Beth T. Safran Sholk-Kaplan Family Mary Steadman† Dale Reiss Shridevi Saggurti** philanthropic Fund Harold and Mimi Steinberg Stanley P. Repko Sahni Family Foundation Shore Family Phil Fund Charitable Trust Resnikoff Family Fund Anthony Salim Douglas W. Shorenstein Perry Winter and Leslie Morgan James Riady Salzman Family Fund Lydia P. Shorenstein Steiner Fund David Ricanati & Elizabeth Judy Samelson Shuch Family Foundation Dola Hamilton Stemberg Warshawsky Ricanati Samuels Family Fund Jill Siegel Charitable Trust philanthropic Fund Sani Family Foundation Stuart and Jill Siegel Stephen Mead Charitable Fund Geoff and Patti Richards Sara & Wilhelm Brote Fund Charitable Foundation Sterling Family Charitable Fund Albert K. Sassoon Joel D. and Shelley Siegel Charitable Gift Fund Mark V. Rickabaugh Fund Jodi Singer Sassoon family Foundation Eric L. Stern Harry & Carolyn Ridenour Denise Saul** David and Lyn Silfen Mr. and Mrs. Michael Stern funding Trust Savitz Family Philanthropic Fund foundation No 2 William P. Stevens Memorial Riefler/Boyatt Family Fund Bryan Sayer Amy S. Silverman scholarship Fund The Glenn T. & Tamara B. Rieger Laurie A. Sayet Silverstein and Raduns Karen H. Stine Charitable Fund Adrienne & Jeffrey Scheck family Foundation Bradford & Pamela Stone Eric W. Roberts Fund philanthropic Fund The Simkiss Family Foundation Charitable Trust Thomas S. Robertson Mr. and Mrs. Harvey Schermer Barry Simon Strong Foundation of New York Maureen Robinson Bruce Schonbraun David E. Simon Robert T. Struck Trust Victoria S. Robinson Saul Schottenstein Foundation Jacqueline S. Simon Sandra Suarez Robison Family Foundation Jeffrey Schrager Family Foundation Jennifer Simons Debra Sudol

2012 Annual Report to Investors 91 Friends, Parents and Family Foundations

Ellen B. Sullivan Waldman Family Charitable Trust Yiqingzhai Foundation Sotha Sun* Seanna C. and Matthew D. Douglas Yorke Giving Fund Sundaresh Family Fund Walter Fund Y & R Charitable Trust Rachel Sutton Claudia P. Wang Henry M. & Judith M. Zachs Jeff Sutton Charity Fund Dee K. Wang Foundation Swordspoint Foundation Tina L. Wang Syed Zaidi Tan & Balladon Family Ward Family Foundation Paul T. Zantzinger Family Charitable Fund Patricia L. Warth Charitable Fund Mr. and Mrs. Albert K. Tang* Wasserman Foundation Suzanne Zarrilli Beverly B. Tannehill Sydelle B. Weinberger Mr. and Mrs. Martin A. Zawatsky Tanoto Foundation Neil and Laura Weiner Family Fund Barbara Ziegler† Ruth Tanseer Weingarten Family Foundation Richard S. Ziman Gary Taylor Katherine Weinhoff^ Lionel N. Zimmer Revocable Trust Taylor Family Foundation Tina Weinstock Edward and Barbara Zinberg Christophe P. Terlizzi Barbara Weisbein philanthropic Fund Susan Thorp Paul F. Weisbein Zisman Family Foundation Xing Tian Catherine P. Weisenburger ^ Isabel Zorraquin* Colin Tice Paul M. Weissman Family Rachelle Zukerman Tittmann & Maybank Family Fund Foundation Mahbobeh Zwarenstein^ Kilin & Cecilie To Foundation Helene R. Weisz Lynn R. Tornek Wells Family Fund Mark Tronstein Living Trust Kristen C. Welo T. Rowe Price Kristin Cleary & Tobias Welo Fund Charitable Giving Fund Loralee West Mr. and Mrs. Richard M. Tsai Gene L. Wexler Wan-Tsai Tsai Alan J. and Helene B. White Fund Daisy Tsui Roland W. Whitridge Fund Deborah Tuchman** Wieler Family Private Foundation Tuchman Family Fund Nancy G. Williams Margaret O. Turner Gail C. Wilson Twenty Plus Foundation Janet L. Wilson Incorporation Wilson Thornhill Foundation Rachel & Jonathan D. Albert Yoram J. Wind tzedakah Fund Dorinda C. Winkelman^ University of Pennsylvania USA Pamela Winter Foundation Limited Steven C. Witkoff Gail L. Valles Anthony Wojtkowiak VanCheng Fund Nancy B. and Gregory S. Wolcott Dale & Bonita Van Voorhis Wolfe Smith Fund family Foundation Robin S. Wolpow** Richard & Carolyn Veith Fund Marc and Robin Wolpow Ventana Charitalbe Foundation family Fund Nastassia C. Virata Mr. and Mrs. Yuang Wong Wachs-Weingarten Charitable Trust Charles Wrubel Wacht & Pearlstein Foundation Myra Wrubel Linda Papp Wagner Elizabeth H. Wyatt Bruce and Elizabeth Wagner Trust Brandon Wynn Mr. and Mrs. Arthur Wald Diana D. Yacobucci**

2012 Annual Report to Investors 92 Corporations and Foundations

Gifts and Grants The Wharton School is extremely grateful for the support it receives from corporations and foundations. These generous gifts and grants to student financial aid, faculty research, curriculum development and other essential programs and initiatives make a significant impact on the School every year. Corporations and The Wharton Partnership Foundations

For more than 130 years, the Wharton School has been deeply engaged with scholarship and business practice, an engagement that has proven critical to the mission of the School and the global business community. As the primary vehicle for fostering industry-academic collaboration, the Wharton Partnership is vital to the School and its member organizations. Through productive, long-term relationships, the Partnership links members with the latest developments in business education and research and the talents of Wharton’s faculty and students. The Wharton School gratefully acknowledges the 2012 Wharton Partnership members for their ongoing support.

PRINCIPALS ($100,000+) Microsoft Corporation Oliver Wyman, Inc. Altus One, Inc. Rubicon Global Property Casualty Insurers Arbor Commercial Mortgage LLC Shell Oil Compamy Association of America Bank of America Corporation Alfred P. Sloan Foundation Prudential Financial Baron Capital, Inc. Sumitomo Mitsui Banking Corporation PT Ciptadana Investment Banking The Citi Foundation ^ Technogel-America Shell Oil Company Citigroup Inc. Robert Toigo Foundation SICA Family LLC Danam Corporation Vanguard Group, Inc. State Farm Mutual Automobile General Motors Corporation Wawa, Inc. Insurance Company The Goldman Sachs Group, Inc. ^ State Metals Inc Goldman Sachs Gives DIRECTORS ($25,000-$49,999) Suez USA, Inc. The Heckscher Foundation for Children Across Bridge Network, Inc. TE Connectivity The Hertz Corporation American Air Liquide Teradata Corporation Higher Colleges of Technology American Insurance Association WeatherPredict Consulting, Inc., International Paper Company BASF Corporation a division of RenaissanceRe The Gary Karlin Michelson MD The Boeing Company Zurich and Farmers Financial Services Charitable Foundation, Inc. The Lynde and Harry Bradley Foundation, Inc. NCsoft Credit Suisse (USA), Inc. ASSOCIATES ($10,000-$24,999) Omnicom Group, Inc. Deutsche Bank * Allianz se Pacific Gas & Electric Company The Dow Chemical Company Foundation Alvarez & Marsal Real Estate Perry Capital FM Global Advisory Services LLC SAP America, Inc. General Mills, Inc. ^ * Angelo, Gordon & Company SEI Investments Company Gem Capital LLC AREA Property Partners Sirius XM Radio, Inc. Hackberry Endowment Partners Argosy Real Estate Sovereign Bank/Santander Universities Haier Group Aronson Johnson Ortiz The Travelers Companies, Inc. Hartford Fire Insurance Company Artemis Real Estate Partners Urban Outfitters, Inc. Indorama Asahi Kasei Plastics NA, Inc. Wells Fargo Social Responsibility Group Liberty Mutual Insurance Company ASB Capital Management, Inc. Willis Re Inc. Lockheed Martin Corporation AYCO Corporation Macy’s, Inc. The Bank of Tokyo-Mitsubishi, UFJ, Ltd. EXECUTIVE DIRECTORS ($50,00-$99,999) Mann Enterprises, Inc. Brause Realty, Inc. Deloitte llp McKinsey & Company, Inc. Brown Shoe Company Inc. Endurance Reinsurance Corporation of America Medrisk, Inc. Buckingham Capital Management, Inc. Federal Express Corporation Merck & Co., Inc. Capital One Services, Inc. Ford Foundation Merck Sharp & Dohme Corporation Capital Trust Google, Inc. The William T. Morris Foundation Chubb & Son, Inc. The Robert Wood Johnson Foundation NASA Consolidated Edison Company of NY, Inc. JPMorgan Chase & Co. National Football League Daymon Woldwide, Inc. The JPMorgan Chase Foundation National Security Agency Dick’s Sporting Goods McCarthy Cook & Company NUL System Services Corporation The Dress Barn, Inc. Foundation

* Partners providing unrestricted support ^ Partners providing support to the Howard E. Mitchell Fellowship Partners listed in bold providing multi-year pledges

2012 Annual Report to Investors 94 The Wharton Partnership CORPORATIONS AND FOUNDATIONS

Eastdil Secured Mizuho Financial Group Vantage Properties Eli Lilly and Company Modell’s II, Inc. VF Services, Inc. Eppendorf Morgan Properties Vornado Realty Trust Equity Group Investments Morgan Stanley Foundation W. P. Carey & Co., LLC The Estée Lauder Companies Munich Reinsurance America, Inc. Walgreen Company Exxon Mobil Corporation ^ * Mutual of America Wells Fargo Bank Federal Reserve Employee Benefits System NASDAQ OMX Group Inc Williams-Sonoma, Inc. Fidelity Investments New Media Metrics, Inc. WP Realty, Inc. Financial Engines, Inc. New York Life Insurance Company Xerox Corporation FINRA Investor Education Foundation Nippon Life Insurance Company Foot Locker, Inc. The Nomura Securities Co., Ltd. GIFTS to $9,999 Forest City Enterprises, Inc. Northwestern Mutual Life A. Fisher Co., Inc. Fremont Realty Capital, LLC Insurance Company, Inc. Aberdeen Asset Management Freudenberg North America L.P. Omya Industries, Inc. Accenture, Inc. Galeria Kaufhof GMBh Pacific Coast Capital Partners, LLC The Ackman-Ziff Real Estate Group, LLC Gazit Group USA, Inc. Pacific Investment Management ACTA Realty Corporation The William T. Grant Foundation Company LLC (PIMCO) Actuaries Club of Philadelphia Greenberg Traurig, llp Palladin Capital Group, Inc. Air Products and Chemicals, Inc. H/2 Capital Partners LLC Panasonic Corporation Akerman Senterfitt The Haddad Apparel Group Paramount Group, Inc. Alex. Brown Realty, Inc. HCA Healthcare Pennsylvania Real Estate Investment Trust Alliance Partners Henry Nias Foundation Inc Perry Ellis International, Inc. Allianzgi of America, L.P. Hersha Hospitality Pilot Real Estate Group Allstate Insurance Company High Rise Capitol Foundation Prudential Financial Alvarez & Marsal Real Estate Hines Radian Guaranty, Inc. Advisory Services, LLC Hogan Lovells US llp The Related Companies, lp American Academy of Actuaries Huntington Bancshares Inc Royal Abstract of New York American Express Company Husky Energy Inc Russian American Mortgage Co. American Insurance Association International Council of Shopping Centers Saks Incorporated American Land Fund Investment Company Institute (ICI) Seabreeze Foundation American Life, Inc. Island Capital Group Simon Property Group American Value Partner JCPenney Company, Inc. Skidmore, Owings & Merrill llp Amerimar Enterprises, Inc. Johnson & Johnson Corporate Contributions Social Security Administration Amtrak Kohl’s Southern Company Andalex Group Ralph Lauren Corporation Spencer Gifts Inc Anheuser-Busch Companies, Inc. Lazard Frères & Co. LLC Starwood Capital Group Antheus Capital Legg Mason & Co., LLC State Street Bank and Trust Company Apollo Global Management, LLC Lenovo Group Ltd. Stoltz Management Of Delaware Apollo Real Estate Advisors The Leukemia & Lymphoma Society, Inc. Story Worldwide Applied Predictive Technologies Li & Fung Ltd. Sunrise Brands, LLC ARAMARK Corporation Limited Inc T. Rowe Price Group, Inc. The Arden Group Lincoln National Corporation TIAA-CREF Arnall Golden Gregory Lion Brothers Company, Inc. Timken Company The Ashforth Company LVMH-Moet Hennessy Louis Vuitton Total Wine & More Assurant Asset Management Madison International Realty, LLC Towers Watson * AstraZeneca Pharmaceuticals LP Massey Knakal Realty Services Two Trees Management Company LLC B. Braun Medical, Inc. Medtronic, Inc. Union Bank Bain & Company, Inc. MetLife US Tennis Association Bain Capital LLC

* Partners providing unrestricted support ^ Partners providing support to the Howard E. Mitchell Fellowship Partners listed in bold providing multi-year pledges

2012 Annual Report to Investors 95 The Wharton Partnership CORPORATIONS AND FOUNDATIONS

Ballard Spahr llp Dechert llp International Foundation of Ballymore Company, Inc. Depository Trust & Clearing Corporation employee Benefit Plans Barclays Capital Inc. Deutsche Bank AG I-Space Institute, LLC The Baupost Group, LLC DLA Piper J.P. Morgan Securities LLC Belvedere Capital DLJ Real Estate Capital Partners, LLC Jackson Lewis llp Bemis Company Inc Dotmenu, Inc. Jamestown Properties BlackRock Financial Mangement, Inc. The Dow Chemical Company The JBG Companies The Blackstone Group DRW Trading Group Jean Madeline-Aveda Institute The Boston Consulting Group, Inc. Dunnhumby USA, LLC Jonathan & Debra Langer Charitable Fund BPG Properties, Ltd. edVenture Partners Katten Muchin Rosenman llp Brandywine Realty Trust Edward J. Minskoff Equities, Inc. Kevin F. Donohoe Company Broadway Real Estate Partners, LLC EFH-Luminant Keystone Property Group Brookdale Realty Services LLC Elm Tree Funds Kingwest & Company Brookfield Asset Management Elsevier Science USA Kirkland & Ellis llp BTG Pactual US Asset Equity Group Investments Korman Communities Management Corporation Equity Residential Korman Corporation BTG Pactual US Capital Corporation Ernst & Young llp Kraft Foods, Inc. The Buccini/Pollin Group, Inc. European Hotels Corporation, Ltd. Kramer Levin Naftalis & Frankel llp Build-A-Bear Management European Investors, Inc. Kranzdorf Family Foundation Burdick Gallery Exelon Corporation KRE Group Burns & McBride, Inc. Federal Reserve Bank of Philadelphia L&L Holding Company, Incorporated Business & Nonprofit Strategies, Inc. First American Title Insurance Company Landmark Partners CTPartners First Niagara Bank Lawrence Ruben Company, Inc. Campus Apartments, Inc. First Trust Bank Leverage Agency Cargill Incorporated Flagship Properties, LLC Liberty Property Trust Carpenter Technology Corporatio FTI Consulting Lincoln Financial Group Cedar Realty Trust Gazit Group USA, Inc. Lion Brothers Company, Inc. Centerbridge Partners Golden Tree inSite Partners The Lionstone Group Charles Schwab & Co., Inc. Goldstar Group Longview Development lp Chevron Products Company Grant Thornton llp Lucifer Lighting Company CIGNA Corporation Grundfos Pumps Corporation M & G Polymers Circle Management Company Guggenheim Securities M & T Bank The Clorox Company High Real Estate Group Macquarie Capital CNA Insurance Companies Hillwood - A Perot Company Macquarie Holdings (USA), Inc. Comcast Corporation Himmel + Merringoff Properties Madison Capital Connecticut General Life Insurance Company Hines Interests Limited Partnership Madison Realty Contact Singapore Hirtle Callaghan & Co., Inc. Madison International Realty Convergent Capital Partners Honeywell, Inc. Major League Soccer, LLC CoreNet Global, Inc. The Hovey Foundation Management Leadership of Tomorrow Corporate Executive Board The Howard Hughes Corporation Mars & Co. Cozen O’Connor The Hub Matthews International Criterion Real Estate Capital Hunt Realty Investments, Inc. Capital Management, LLC. Crown Cork & Seal Company, Inc. Huntington Ingalls Industries MeadWestvaco Foundation Cuna Mutual Insurance Society The Huntington National Bank Melander Group LLC Curry Realty Company IBM Mercator, INC. Cushman & Wakefield Information Specialists Group, Inc. The Mid-America Management Corporation sonnenblick-Goldman LLC ING Clarion Partners The Milestone Group D. E. Shaw & Company Inlet Capital, LLC Morgan Stanley Dale Reiss and Jerome King Fund International Financial Co., LLC Morgan, Lewis & Bockius llp

* Partners providing unrestricted support ^ Partners providing support to the Howard E. Mitchell Fellowship Partners listed in bold providing multi-year pledges

2012 Annual Report to Investors 96 The Wharton Partnership CORPORATIONS AND FOUNDATIONS

Nationwide Mutual Insurance Company Silverstein Properties, Inc. Naval Air Warfare Center SL Green Realty NBCUniversal Société Générale Neighborhood Revitalization Group Society of Actuaries The Nielsen Company (BASES) Sponsors for Educational Opportunity Oaktree Capital Management LLC Career Program Och-Ziff Real Estate Square Mile Capital Management LLC Ohio State University Wexner Medical Center State Street Corporation Oliver McMillan Stevens & Lee ONEX Real Estate Partners Studley Inc. Ontario Pension Board Susquehanna Holdings Company, Ltd. Orchard Commercial Swiss Re Holding NA Inc Orrick, Herrington & Sutcliffe LLP Syngenta Corporation Otsuka Pharmaceuticals Taconic Investments Partners, LLC Outlet Partners LLC Target Corporation Owens-Corning Fiberglas Corp The Taubman Company Pacific Coast Capital Partners, LLC TD Securities Inc Panco Management of New Jersey LLC Thackeray Partners Paramount Group, Inc. The TJX Companies, Inc. Pennsylvania Real Estate Investment Board Tohmatsu & Co. Philadelphia Eagles Football Club Toll Brothers Commercial Philadelphia Gas Works Toyota Motor Manufacturing Phillips-Van Heusen Corporation UDR PNC Bank Ultra Hardware Products, LLC PricewaterhouseCoopers llp Unilever United States, Inc.* Prima Capital Advisors, LLC University of Technology PT Sentosa Laju Energy Urdang Qooco Incorporated Vocus Inc Quidsi, Inc. Walton Street Capital, LLC R. J. Berrier, LTD. Wasserman Foundation RBC Capital Markets, LLC Weiss Asset Management lp Resource Capital, Inc. The Xander Group LLC Resource Real Estate ZS Associates Retail Sites, LLC Rockwood Capital Corporation Royal Bank of Scotland Rubenstein Partners Rubi Family Foundation Saint Barnabas Health Care System Sam & Peggy Grossman Foundation Saul Ewing llp Savills, LLC SCA Americas, Inc. Schneider National, Inc. Shasta Ventures Management, LLC Silverlake Technology Management, LLC

* Partners providing unrestricted support ^ Partners providing support to the Howard E. Mitchell Fellowship Partners listed in bold providing multi-year pledges

2012 Annual Report to Investors 97 Corporate Admissions Corporations and Foundations Sponsors

Worldwide admissions visits are a critical component of Wharton’s MBA recruiting program. Wharton is grateful to the following companies, which graciously provided interview and/or reception sites around the globe for our MBA admission activities.

Agility, Kuwait City (Kuwait) Duke Energy, Charlotte (North Carolina) Alfa Corporation, Monterrey (Mexico) Fundacion Rafael del Pino, Madrid (Spain) Amazon.com, Seattle (Washington) Google, Inc, New York (New York), Bain & Company, San Francisco (California), san Francisco (California) Chicago (Illinois), Dallas (Texas), Embarcadero Invesco, Atlanta (Georgia) (California), Johannesburg (South Africa), Itau Unibanco, Sao Paulo (Brazil) Moscow (Russia), Paris (France) JBG, Washington (District of Columbia) Bain Capital, LLC, Boston (Massachusetts) Jones Day, San Diego (California) Banco Credito de Peru, Lima (Peru) Lafise Bank, Managua (Nicaragua) Bazaarvoice, Austin (Texas) LG Fashion, Seoul (South Korea) BDO, Manila (Philippines), Manila (Philippines) Lord & Taylor, New York (New York) Belkin, Los Angeles (California) McKinsey & Company, Toronto (Canada), Booz & Company, Beirut (Lebanon) lagos (Nigeria) The Boston Consulting Group, Microsoft, Seattle (Washington) London (United Kingdom), MRCCC Siloam Hospitals Semanggi, sydney (Australia) Jakarta (Indonesia) Bupa, Jeddah (Saudi Arabia) PricewaterhouseCoopers, Cathay Financial Holdings, Taipei (Taiwan) Santo Domingo (Dominican Republic) China Minsheng Banking Company, Teamlease Services, Bangalore (India) Shanghai (China) The Stock Exchange of Thailand, Citigroup, New York (New York) Bangkok (Thailand) CreditCorp, Panama City (Panama) TNI, Dubai (United Arab Emirates) Delta Petroleum, Istanbul (Turkey) VinaCapital, Ho Chi Minh City (Vietnam) Deutsche Bank, London (United Kingdom), Yes Bank, Mumbai (India), hong Kong (Hong Kong) New Delhi (India), Bangalore (India)

2012 Annual Report to Investors 98 Wharton’s Global Corporations and Foundations Alumni Forum Sponsors

Wharton’s Global Alumni Forums are responding to changes in the global economy by showcasing the topics— and sharing the opportunities—that keep alumni informed. Thank you to the alumni and corporations that supported the forums this year.

Lead Sponsors (100,000) Gold Sponsors (10,000) PT Chandra Asri Petrochemical Tbk. Panasonic Corporation First Pacific Company Limited Qooco Chinese Lippo Group DBS Bank Ltd. Salim Group Sinar Mas Media Partners Tanoto Foundation Berita Satu Media Holdings The Jakarta Globe Event Sponsor (50,000) Bank of America Merrill Lynch

Platinum Sponsors (25,000) PT Ciptadana Investment Banking Indorama Corporation

2012 Annual Report to Investors 99 Corporations Matching Gift Companies and Foundations

The Wharton School gratefully acknowledges the following companies who lend their support and encourage charitable giving by their employees through matching gifts.

3M Citizens Financial Group, Inc. Google, Inc. Abbott Laboratories The Clorox Company Grant-Thornton Adobe Systems, Inc. CME Group LLC John Hancock Mutual Life Insurance Company Aetna Life & Casualty Company The Coca-Cola Company Hartford Insurance Group Agilent Technologies, Inc. Coghill Capital Management Hess Corporation Air Products and Chemicals, Inc. Colgate-Palmolive Company Highfields Capital Management LP Alcoa, Inc. Conexant Systems, Inc. Honeywell, Inc. AllianceBernstein LP Consolidated Edison Company of NY, Inc. Horizon Blue Cross Blue Shield NJ Alliant Energy Constellation Energy Group Hospira, Inc. American Electric Power Company, Inc. Cooper Industries, Inc. Houston Fuel Oil Terminal Company American Express Company Covidien Hsbc Group American International Group, Inc. Crane Co. Hussmann Ventures Ameriprise Financial Davis Selected Advisers-NY, Inc. IBM Corporation Amgen, Inc. Deloitte Intel Corporation Amica Mutual Insurance Company Deutsche Bank Intuit, Inc. Anchor Capital Advisors, Inc. Diageo North America, Inc. Johnson & Johnson Anheuser-Busch Companies, Inc. Dodge & Cox JPMorgan Chase & Co. Aon Corporation The Dow Chemical Company Kellogg Company Assurant Asset Management Dow Jones & Company, Inc. KLA-Tencor Corporation Assurant Foundation The Duke Energy Foundation KPMG LLP AstraZeneca PLC eBay, Inc. Kraft Foods, Inc. ATMI, Inc. Edison International Laclede Gas Company AT&T El Paso Company Lexis-Nexis Autodesk, Inc. Eli Lilly and Company Lockheed Martin Corporation Avon Products, Inc. Ernst & Young LLP Lubrizol Corporation Bank of America Corporation Eureka Growth Capital Management LP Macquarie Bank Foundation, Ltd. Bank of Montreal Expedia, Inc. Macy’s, Inc. Bank of New York Mellon Exxon Mobil Corporation Mariner Energy, Incorporated Barclays Capital Fidelity Investments Marsh & McLennan Companies, Inc. BlackRock Financial Management, Inc. Fiduciary Trust Company Mastercard International Blue Bell, Inc. Fifth Third Bank McDonald’s Corporation The Boeing Company FMC Corporation The McGraw-Hill Companies, Inc. BP PLC Freddie Mac McKesson Corporation Bristol-Myers Squibb Company Fremont Group Foundation Medimmune Broadridge Financial Solutions, Inc. E & J Gallo Winery, Inc. Medtronic, Inc. Brown-Forman Corporation Bill & Melinda Gates Foundation Merck & Co., Inc. Campbell Soup Company GDF Suez Energy North America Metropolitan Life Insurance Company Capital Group, Inc. Genentech, Inc. Microsoft Corporation Capital One Services, Inc. General Electric Company Minerals Technologies, Inc. Cargill, Inc. General Mills, Inc. Monsanto Company Caterpillar, Inc. Gilbane Building Company Moody’s Corporation Caxton Associates LLC GlaxoSmithKline Morgan Stanley Charles Schwab & Co., Inc. Globel Reinsurance Corporation of America Motorola, Inc. ChevronTexaco Corporation The Goldman Sachs Group, Inc. MSCI, Inc. CIT Financial Corporation Goodrich Corporation Mutual of America Life Insurance Company

2012 Annual Report to Investors 100 Matching Gift Companies CORPORATIONS AND FOUNDATIONS

Nellie Mae Textron, Inc. New York Life Insurance Company TIFF Advisory Services, Inc. New York Stock Exchange, Inc. Towers, Perrin, Forster & Crosby Nextera Energy Foundation, Inc. Towers Watson Norfolk Southern Corporation Toyota Motor Corporation Northwestern Mutual Life Insurance Company T. Rowe Price Associates, Inc. Novartis Pharmaceuticals Corp. Truist Novellus Systems, Inc. Tyco International, Inc. Nuclear Electric Insurance Ltd. UBS AG John Nuveen & Company, Inc. UGI Corporation Occidental Petroleum Corporation Unilever Och-Ziff Management Union Pacific Foundation Old Mutual United Technologies Corporation Olin Corporation Unum Provident Corporation Omidyar Network Fund, Inc. U.S. Bancorp Oracle Corporation The Vanguard Group Foundation Pacific Gas & Electric Company Verizon Communications, Inc. Pearson, Inc. Visa, Inc. PepsiCo, Inc. Vulcan Materials Company Pfizer, Inc. Walt Disney Productions Philadelphia International Advisors LP E M Warburg Pincus & Company, Inc. Philips Electronics North America Wellington Management Co. LLP Pimco Wells Fargo Company Pitney Bowes, Inc. The Western and Southern PNC Bank life Insurance Company PricewaterhouseCoopers Williams Companies Principal Financial Group, Inc. Xcel Energy Corporate Citizenship Foundation The Procter & Gamble Company Xerox Corporation Progressive Group of Companies XL America, Inc. The Prudential Insurance Yahoo!, Inc. Company of America Public Service Electric and Gas Company Putnam Investments QUALCOMM, Inc. Raytheon Company Regions Financial Corporation Salesforce.com Foundation Scripps-Howard Shell Oil Company Siemens Corporation Soros Foundation Sprint Foundation State Farm Insurance Companies Steelcase, Inc. St. Jude Medical, Inc. SunTrust Mid-Atlantic Symantec SYSCO Corporation TCC Group Terex Corporation

2012 Annual Report to Investors 101 Undergraduate, Masters and Doctoral Programs Undergraduate Programs

Outright gifts and pledges to restricted and unrestricted funds from alumni of undergraduate programs.

Anonymous (22) Debra S. Bergman, W’89 Timothy C. Carlson, W’88 J. B. Coulter, W’09 Riya Abraham, ENG’08, W’08 Robert A. Bergmann, W’88 Craig R. Carnaroli, W’85 Laura M. Counihan, W’06 Steven M. Abramowitz, W’85 Jeffrey A. Berkman, W’63 James A. Carr, W’51 Jeffrey Cowan, W’02 Nathan I. Agam, ENG’99, W’99 Peter D. Berkman, W’88** Brian F. Carroll, ENG’93, W’93 Howard A. Cutler, C’90, W’90 Achal Agarwal, ENG’95, W’95 Howard R. Berlin, W’57 Peter J. Carroll, W’52 Gregory Dabrowski, W’10 Syed H. Akbari, W’06 Bruce K. Berman, W’77 Melinda T. Carswell, W’86 Peter A. Daley, EE’98, W’98 Ronald M. Akel, W’60* Adam K. Bernstein, W’85 Michael N. Castellano, W’73 David H. Daniels, W’75 Eliya Alalu, W’90 Anurag Bhargava, ENG’89, W’89** Frank D. Catrickes, W’98 Alfred J. Dann, W’38 David L. Alexander, W’74 Vyomesh P. Bhatia, W’93 Robert F. Cavanaugh, W’81^ Asher B. Dann, W’57^ Douglas A. Alexander, EE’83, W’83 Arthur H. Bilger, W’75^ Richard J. Censits, W’58 William C. Davidson, W’68 Michel M. Al-Moumen, C’11, W’11 Irwin E. Billman, W’62 David Chaimowitz, W’78 Daniel I. Davis, W’66 Timothy J. Alston, W’72† Walter C. Bladstrom, W’59 Alberto J. Chamorro, W’78** Ellen S. Davis, W’85 Bradley L. Altberger, W’94^ Lawrence A. Blatte, W’50 Hae-Gin Chang, ENG’10, W’10 George A. Davis, W’55 Andrew S. Altersohn, W’89 Robert Z. Bliss, W’82 Ling S. Chang, EE’92, W’92 Pedro L. De Oliveira, W’01 Joseph G. Ansanelli, W’92** David S. Blitzer, W’91 Peter N. Chavkin, W’04 Jerome F. Dean, W’75 Harold B. Aranow, W’61 Russell Bloomfield, W’99 Ashley B. Chay, C’08, W’08 Michael E. Dee, W’81 Joseph J. Aresty, W’43 Andrew G. Bluhm, W’88 Coral Z. Chen, C’06, W’06 Tobias A. Dengel, ENG’94, W’94 Robert J. Aresty, W’63 Roger A. Blumencranz, W’59 Jonson I. Chen, W’97** Andrew J. Dermack, W’86 Ralph L. Arnheim, W’89 Arthur H. Blumenthal, W’62 Loong Chen, MTE’95, W’95 Falguni Desai, W’96 Michael B. Aronson, W’78 Carl E. Bolch, Jr., W’65 Teresa Chen, ENG’07, W’07 Charles C. Dhanraj, C’01, W’01 Matthew K. Asada, C’02, W’02 José M. Bonetti, W’61** Ferdinand S. Cheuk, W’96 Faquiry Diaz, C’97, W’97 Susan R. Asch, EAS’84, W’84 Gil J. Bonwitt, W’87 Jeffrey T. Cheung, ENG’87, W’87 Carolyn W. Diehl, W’88 Eliav I. Assouline, W’95 Harry M. Borger, W’64 Adam D. Chewning, C’03, W’03 James G. Dinan, W’81 Elizabeth L. Axelrod, W’84 Jorge Born, W’83 Yon K. Cho, W’84 Robert S. Dinerman, W’78 Lawrence G. Babin, W’70 Joseph Andrew Boswell, Abhijit Dev Chodry, W’94 Carolyn A. Dittmeier, W’78 Cheryl Zapolsky Bader, enG’99, W’99 Don S. Choe, ENG’90, W’90 Anna M. Dopkin, W’89 W’83, WG’84 Robert N. Boucai, W’97 Christopher M. Chomiak, W’11 George E. Doty, W’76 William A. Bader, W’80 Gary L. Breitbart, W’79 Mary Sun Chou, W’85, C’85 Lee S. Doty, W’76 Howard D. Bailin, W’54 Jodi Gesner Breitbart, C’81, WG’84 Stephen M. Ciccarella, Jr., W’94 Brian K. Downey, ENG’09, W’09 George D. Baker, W’68 Alex S. Bresler, W’06 Roberto F. Civita, W’57 Mark B. Dreyfus, W’78* Jay H. Baker, W’56 Leo D. Bretter, W’56 Daglar Cizmeci, C’97, W’97 Jane C. Drittel, W’83 Paul L. Baker, W’06 Michael S. Brodsky, W’88 John S. Clark, W’69** Matthew J. Droessler, W’02 Melissa S. Balaban, W’04 Andrew W. Brown, W’02 Jeffrey D. Cohen, W’93 Audrey B. Drossner, W’78 Robert S. Balantzow, W’62 Stacy S. Brown, W’97 Jeffrey H. Cohen, W’85 Cole H. Drotman, W’08 J. Antonio Baltodano, W’73** Maria V. Buenviaje, W’87 Dorcas Lee Colas, C’74 Kyle T. Duarte, W’98 Michael Baron, W’69 Martin S. Burger, W’87 John T. Colas, W’84 Peter L. Dwares, W’66 Kenna W. Baudin, W’98 Daniel D. Burns, ENG’90, W’90 Sabrina D. Colgin, W’03 Myron I. Dworken, W’52 Shari R. Beck, W’87 Harmon P. Butler, W’54 Stuyvesant P. Comfort, W’91 Yvette Edidin, EAS’98, W’98 Susan L. Becker, W’80, WG’80 Thomas P. Butler, W’76 Richard J. Comizio, W’87 Susan Gringer Efron, W’79 Paul J. Bednarski, W’70 Charles C. Butt, W’59** Matthew M. Commons, C’01, W’01 Matthew J. Ehmer, ENG’05, W’05 Robert H. Beechey, W’85 Scott S. Calidas, ENG’00, W’00 Patricia D. Cope, W’79 Robin S. Elkowitz, W’89 Sanja Benak, W’08 Alexander G. Campbell, W’98 Clive A. Correia, W’99 Menno R. Ellis, W’94 Matthew A. Benbassat, W’00 John F. Campbell, W’82, EAS’82 Jonathan J. Coslet, W’87 Becky M. Elrad, W’89* Lester W. Bentz, W’48 Matthew M. Capers, W’09 William M. Cotter, W’81^ Martin H. Elrad, W’61

2012 Annual Report to Investors 103 Undergraduate Programs

Michael A. Elrad, W’89* Samuel H. Gaer, W’88 Hope M. Gruber, W’72 Barratt H. Jaruzelski, W’83 Frederic G. Emry, W’61 Maribeth Gainard, C’02, W’02 Lisa E. Gulich, W’91 David H. Jauregui, W’07 Evan R. Eneman, W’99 Kimberly N. Gallant, ENG’08, W’08 Vikram Gupta, W’98 Jin W. Jeong, W’02 Moses S. Esema, W’09 R. J. Galli, W’79 Robert G. Gutenstein, W’55 Andrew S. Jhawar, W’93 Roger N. Farah, W’75 David L. Gallo, W’95 Elias Gutt, W’99 Ryan P. Johnson, W’04 Eli S. Faskha Froimzon, Ximena Galvez, W’10 Sami Habbab, W’98* Margaret T. Jones, ENG’99, W’99 enG’93, W’93 Leonard R. Ganz, W’65 William N. Haddad, W’89 Edward S. Joseph, ENG’90, W’90 David R. Fassnacht, W’88^ Priyanka Garg, W’97 Robert M. Haft, W’74^ Michael S. Josephson, W’82 Robert F. Feibelman, W’81 Michael D. Gayda, W’76** James E. Hahn, W’86* Arif T. Joshi, W’98 Alan H. Fein, W’76 Teresa Tong Gee, W’84 Lee M. Hale, W’47** Atul S. Joshi, C’03, W’03 Meryl H. Feintuch, W’74 Keith B. Gelb, W’92 Lawrence M. Harding, W’85 Rina H. Joshi, C’03, W’03 Richard D. Feintuch, W’74 David J. Gerber, W’06 Anusha Harid, C’06, W’06 Kenneth F. Kadish, W’68 Robert Feitler, W’51 Paul E. Germain, W’93 Kenneth M. Harrell, W’91 Herbert G. Kanarick, W’53 Jeffrey B. Feldman, W’78 Michael J. Germano IV, W’01 Herbert E. Harris, Jr., W’47 Jeffrey M. Kaplan, W’87 Steven M. Feldman, W’84 Charles M. Gillman, W’92 Jamie A. Harris, W’78 Keith E. Kaplan, W’82 Stacey L. Feller, W’96 Jeffrey E. Ginsberg, W’86 Jeffrey A. Harris, W’77 Matthew S. Kaplan, W’79 Laurel E. Fensterer, ENG’96, W’96 Anthony P. Giorgio, ENG’96, W’96 Joshua J. Harris, W’86** Robin H. Kaplan, C’91 Gabriel E. Fernando, ENG’11, W’11 Susan Clayman Glantz, W’82 Robert E. Harrison, W’64 Adam B. Karp, W’94 Joseph Fidanque, Jr., W’62 Kenneth S. Glass, W’82, EE’82 Christine A. Hawkins, W’10 Lauren Franklin, W’94 Karen L. Finerman, W’87 Aaron T. Glick, W’00 Juhi Heda, ENG’10, W’10 Andrea W. Karsch, W’82 Ralph Finerman, W’56 Edward A. Glickman EAS’78, W’78 James J. Heffernen, W’56 Michael S. Katz, W’82 Wendy J. Finerman, W’82 Asaf Gola, EAS’93, W’93 Jared S. Hendricks, W’02 Roni K. Katz, W’83 Jerry E. Finger, W’54 Alan J. Gold, W’55 Charles H. Hennekens, W’63 Herbert C. Kay, W’59 Wayne S. Firsty, EAS’85, W’85 Bradley M. Gold, W’78 Leon H. Henry, W’54 Laraine J. Kazanjian-Ballard, W’80 Howard S. Fischer, W’84 Allison R. Goldberg, W’98 Dean A. Henry, W’74 Catherine C. Kelleher, W’81 Alexander E. Fisher, W’62 Gary R. Goldberg, W’81** Stuart B. Hill, W’82^ Diana Kelly, W’84 Debbie J. Fleischer, W’84 Jonathan R. Goldblatt, W’90 Maurice L. Hirsch, Jr., W’62 Joseph J. Kelly, W’84, WG’91 Preston J. Fletcher, W’14 Steven M. Goldblatt, ENG’92, W’92 Heide K. Hirschtick, EAS’86, W’86 Timothy S. Kelly, W’98 Janet W. Fliegelman, W’80 Bruce J. Goldman, W’78 J. Adam Hitt, W’83, WG’84 Usman Khalid, W’02 Jeffrey G. Fluhr, ENG’96, W’96^ Jay G. Goldman, W’79 JoAnn H. Hitt, W’83 Clive B. Klatzkin, W’54 Darren M. Fogel, W’93 Glenn J. Goldstein, ENG’03, W’03 John L. Ho, W’79, WG’82 Jotham H. Klein, W’10 Holly J. Fogle, C’96, W’96 Joel S. Goldstein, W’76 Maria C. Ho, W’81 Louis S. Klein, W’98 Richard L. Fogler, W’67 Susan A. Goldstein, W’76 Jonathan H. Hofer, C’05, W’05 Scott M. Klein, C’88, W’88^ Arnoldo M. Fonseca, ENG’00, W’00 Frederick M. Goltz, C’93, W’93 David P. Hollander, W’80 Martin V. Klepper, W’69 Eileen M. Fonseca, W’99 Cynthia R. Golub, W’76 Susan Mason Horn, W’68^ William J. Kley, W’69 Michael C. Fox, W’02 Albert G. Gonzales, W’12 Paul W. Horrocks, W’94, CGS’98 Robert A. Knakal, W’84 Nicole D. Fox, W’01 Claire Israel Gordon, CW’64 Michelle Hour, C’10, W’10 Gerald D. Knorr, W’82, WG’86 Michael J. Franco, W’90 Ronald B. Gordon, W’64 Todd C. Howell, ENG’94, W’94 Monica Thomas Knorr, W’85 Joel T. Frauenheim, ENG’92, W’92 Alexander Gorra, W’94** Brian K. Hurst, W’94 Neil H. Koffler, ENG’88, W’88 Michael B. Freedman, W’73 David Carl Gottlieb, W’86 Nisha Hurst, W’96 Joshua M. Kopelman, W’93 Stanton D. Freeman, W’59 Madhan P. Gounder, W’03 Yujin Ide, C’00, W’00 Stanton R. Koppel, W’68 Harry M. Freer, W’50 Beth G. Greenberg, W’85^ Anthony R. Ignaczak, W’86** Brian J. Korb, W’96 Christopher J. French, W’82 Eric S. Greenberg, W’88 Naiel Iqbal, W’06 Leonard I. Korman, W’57 Jonathan L. Frey, W’88 Lawrence D. Greenberg, Irwantono Irwantono, W’99 Douglas R. Korn, W’84 Howard M. Friedel, W’59 W’85, WG’86^ Ronen Israel, ENG’95, W’95 Ronald J. Korn, W’61 Steven J. Friedman, C’10, W’10 David J. Greenwald, W’80 Raymond J. Iwanowski, C’88, W’88 Steven J. Korn, W’89 Carl A. Friedrich, W’94 Stephen J. Gresdo, W’96 Jonathon S. Jacobson, W’83 Jonathan K. Kowolik, W’01 Stephen A. Fromm, EE’86, W’86 Adam J. Gross, W’11 David R. Jaffe, C’81, W’81 Anthony R. Kozberg, W’94 Richard A. Fuchs, EAS’80, W’80 Vicki Panzier Gross, W’87 Carmen Jap, W’99 Lowell D. Kraff, W’83

2012 Annual Report to Investors 104 Undergraduate Programs

Robert M. Kramer, W’86 Barry R. Lipman, W’70 Robert K. Mericle, W’85 Richard C. Perry, W’77 Susan M. Kramer, W’86 Joseph W. Lippincott, W’03 David L. Michaels, W’84 Marilyn L. Petry, W’60 Martin R. Kravet, W’82 Howard A. Lipson, W’86 Mark S. Millender, C’89, W’89 Soon H. Pho, W’98** Deborah J. Kriss, W’86 Mickey J. Littmann, W’56 Jeffrey A. Miller, W’82 Cezary K. Pietrzak, W’04 Joel S. Kristoferson, W’07 Derek D. Liu, W’04 Lewis M. Miller, W’85, WG’85 Gregory S. Pinsky, W’97 Fred N. Kronfeld, W’51 Jesse Y. Liu, W’01 Michael L. Miller, W’78 Linda M. Plattus, W’85 Ankur Kumar, W’01 Xiao Liu, W’08 Robert E. Miller, W’90 William L. Pocklington, W’80 Bruce S. Lane, W’82 Nicholas Lobaccaro, W’91 Sharon Z. Miller, W’85 Robert A. Pollan, EE’82, W’82 Barry Lang, W’64* Scott E. Lombart, W’10** Julian N. Millikan, ENG’00, W’00 Gregg S. Polle, W’82 Jonathan A. Langer, W’92 Alexander W. Loukas, W’55 Anindya Mishra, W’09 David C. Pong, W’91 Kevin T. Lau, C’07, W’07 Christine G. Lowe, C’93, W’93 Jeffrey H. Misthal, W’99 Barry A. Porter, W’79 William P. Lauder, W’83 Donald G. Lubin, ESQ, W’54 Youlia K. Miteva, ENG’98, W’98 David I. Portnoy, W’11 Matthew Lavicka, ENG’85, W’85 Varun M. Lumba, W’03* Rana R. Mitra, W’01 Michael C. Poulos, W’93 Thomas G. Lawer, W’88 James R. Lussier, W’78^ Aditya Mittal, W’96 David W. Prager, W’99 William H. Lawrence, W’83** Justin M. Lynch, W’10 Megha P. Mittal, W’97 Shiv S. Prakash, W’08 Autumn J. Learned, W’08 Daniel J. Lyons III, W’01 Julie T. Moelis, W’81 Jennifer B. Press, ENG’00, W’00 Marc J. Leder, W’83 Ralph L. Mack, W’82 Kenneth D. Moelis, W’81, WG’81 Scott S. Prince, W’85^ Andrew Lee, W’89 Richard J. Mack, W’89* Michael Moh, W’92* Jared B. Prushansky, W’03 Bong Suh Lee, W’59** William L. Mack, W’61 Jaime J. Montealegre, W’73** Kathryn E. Purdy, W’09 Jennifer J. Lee, ENG’04, W’04 James H. MacPherson, W’59 Byron T. Mueller, W’69 Thaddeus J. Puzio, W’53 Ky-Won Lee, W’94 Laurie Magid, W’82 Erica Mui, C’08, W’08 William J. Quinn, W’92^ Ling I. Lee, EAS’03, W’03 John T. Magliocco, W’64 Edward L. Muniz, W’97 Axel Ramm, W’06 Philip S. Lee, W’03 Thomas J. Maher, W’63 Annette M. Munson, NU’86, W’86 Charles H. Ratner, W’85 Sonya S. Lee, W’02 Stephen D. Maislin, W’80 Robert V. Murdocca, W’91 Sherman R. Reed III, W’52 Stephanie D. Lee, C’91, W’91 Stephen C. Mandes, W’59 Daniel J. Murrin, W’79** Eric G. Reiter, W’97** Steven G. Lee, ENG’91, W’91 Brian L. Marcus, W’05 Joshua J. Nadell, W’89 Steven A. Reny, W’87 Young-Sup Lee, ENG’86, W’86 Howard S. Marks, W’67 Mindy E. Nagorsky-Israel, Jacqueline D. Reses, W’92 Meenal Lele, ENG’05, W’05 Kenneth L. Marks, W’57 C’94, W’94 Mitchell R. Resnick, W’94 Nicholas J. Letizia, W’73 Steve Martinez, C’91, W’91* Kunihiro Nakamura, W’90 Bruce M. Resnikoff, W’79 Richard L. Levine, W’60 Cyrus E. Massoumi, W’98 Donald S. Nemerov, W’72 Rene R. Reyes, W’00 Paul A. Levinson, W’95 Eric J. Matejevich, C’95, W’95^ Havy L. Nguyen, W’07 Robert J. Rieger, W’77 Edythe O. Levitt, W’59 Gilbert L. Mathews, W’70 Margaret M. Hensler, W’99 Robert O. Riiska, W’83 Daniel E. Levy, C’87, W’87 Andrew W. Mathias, W’95 Steven A. Nichtberger, C’83, W’83 Richard J. Riley, W’96 Felicia M. Levy, C’87 Kristina E. Mathias, C’94, W’94 Andrew M. Nimmer, W’03 Brian Rivers, W’80 Jonathan L. Levy, W’07** David J. Matlin, W’83^ Perry D. Ninger, W’80 Ashraf R. Rizvi, W’86 Martin A. Levy, W’58 Sheila L. Matz, W’85 Ernest S. Nounou, W’66 Suhail R. Rizvi, W’88 Sander M. Levy, W’83 Olivia R. Mauro, W’07 Daniel S. Och, W’82 Lawrence M. Robbins, Michael F. Lewis, W’74 William May, W’07 Shaun F. O’Malley, W’59 enG’92, W’92 Zachary H. Lewis, W’01 Erik C. Mayo, W’98 Raphael B. Osnoss, W’08 Eric W. Roberts, W’86 Barry Lhormer, W’56 Gerald H. McGinley, W’52 Solomon Packer, W’65 Daniel C. Robinson, Jeffrey Lieberman, ENG’96, W’96 Megan J. Mcgoldrick, W’02 Gregory E. Paranzino, W’86 W’02, WEV’03 Terence M. Lim, ENG’88, W’88 John P. McHugh, ENG’96, W’96 Howard A. Parelskin, W’74 Bryan S. Romano, W’98 Alice T. Limkakeng, C’95, W’95 Kathleen L. McIlwain, W’83^ Rishi K. Patel, EE’98, W’98 Francis C. Rooney, Jr., W’43 Jeffrey S. Lin, W’97^ Jeffrey S. McKibben, W’93 Gary M. Pearl, W’85 John E. Rosenbaum, C’80, W’80 Richard Lin, W’05 Geoffrey McQueen, W’05 Cheryl Peisach, W’87** Harold L. Rosenberg, W’79 Yeechung F. Lin, ENG’91, W’91 Creighton R. Meland, Jr., W’78 Jaime Peisach, W’88** Paul I. Rosenberg, W’59 Ronald J. Linder, W’56 Robert J. Melvin, W’49 Michael J. Pelzar, W’90 Robert A. Rosenberg, W’72 Kimberly B. Linton, W’03 Jose A. Mendez, W’54 Kevin S. Penn, W’83 Ronald A. Rosenfeld, W’61 Ron M. Lior, ENG’93, W’93 Amyn J. Merchant, W’91 Felicia G. Perlman, C’89, W’89 Rod J. Rosenstein, W’86

2012 Annual Report to Investors 105 Undergraduate Programs

Saul B. Rosenthal, W’90 Michael A. Shore, W’53 Daniel S. Sundheim, W’99 Jeffrey M. Weingarten, W’70 Norman I. Rosner, W’57 Seth E. Shulman, C’93, W’93 Davor P. Sutija, CHE’83, W’83 Philip R. Weingold, W’82 Michael A. Rotgin, C’91, W’91** Dasha Shushkovsky, W’00 Jeff Sutton, W’81 Judith L. Weiniger, W’85 Brett A. Rowland, W’94 Jeffrey S. Shuster, W’05 Alicia L. Syrett, W’99 Michael A. Weinstock, W’82 Geralyn O. Rubenstein, W’81 Amy Y. Siegel, W’83 Bernice C. Szeto, W’99 Lara M. Weisberg, W’89 Kenneth A. Ruby, W’55 Glen B. Siegel, W’82 Tricia M. Taitt, W’00 Rosa C. Welton, ENG’95, W’95 Alan J. Sadayasu, W’92 Stuart G. Siegel, W’85 Melvin C. Tang, ENG’98, W’98 Alan J. White, W’51 Shauna J. Sadowski, W’99 Donald A. Silversmith, W’75 Bernard A.G. Taradash, W’54 Benjamin J. Whitfield, C’98, W’98 Charles T. Sands, W’65 Marc A. Simon, W’91 Diane R. Tarshis, W’85 Richard S. Wien, W’78 Andrew M. Saul, W’68** Stephanie B. Simon, C’96, W’96 Karen G. Tarte, W’84 Douglas J. Willey, W’88 Robert J. Savage, W’89 Joy Singh, W’84 Robert M. Taubman, W’41 Robert Wolf, W’84^ Donald M. Schaeffer, W’72 Rohit Singh, C’02, W’02 Yolanda S. Taylor, C’92, W’92 Jonathan Wolman, C’90, W’90 William Schawbel, W’61 Kenneth S. Sirlin, W’64 Amie D. Thornton, C’84, WG’87 Marc B. Wolpow, W’80** Jeffrey S. Scheck, W’86 David C. Skolnick, ENG’03, W’03 James C. To, W’99 Helen K. Wong, W’02 Roger O. Schembs, W’52 Jonathan L. Slatkin, W’05 Gerald A. Tomsic, W’72 Emil K. Woods, W’94 William B. Scher, Jr., W’70 Jeffrey C. Smith, W’94 Steven M. Tonkovich, W’89 Arthur M. Wrubel, W’87 Frank B. Schmidt, W’62 John H. Smith, Sr., W’55 Elizabeth K. Topor, W’80 Evelyn Wu, W’02 William M. Schmidt, W’69 Ontario D. Smith, W’06 Amy M. Torri, ENG’99, W’99 Katherine W. Wu, ENG’01, W’01 Matthew B. Schneider, W’97 Samuel E. Smith, W’52 Michael H. Trenk, C’82, W’82 Kathleen E. Wu, ENG’09, W’09 William J. Schottenstein, W’76 Wesley H. Smith, W’57 Christopher E. Tsakalakis, W’89 Vivian Wu, C’94, W’94 Daniel C. Schwab, W’91 Richard L. Smithline, W’81 Adam G. Tuckman, W’96 Winston Wu, W’02 Michael J. Schwab, W’85 Juditha So, W’02 Jerome A. Turner, W’57 Sophia Yang, W’00 Samuel C. Schwab, W’73 Adam D. Sokoloff, W’84 K. Robert “Bobby” Turner, W’84** Steven R. Yanis, W’85 David N. Schwartz, W’99 Andrew J. Song, ENG’09, W’09 Lauren Golub Turner, W’85** Dixon P. Yee, W’84 Jeffrey B. Schwartz, W’96 Patrick Songsanand, Karen A. Skinner Twomey, W’76 Michael S. Yellin, W’80 Mark J. Schwartz, W’79 enG’95, W’95 Christina L. Usher, W’92 Sharon Yeshaya, C’01, W’01 David S. Schwarz, W’00 Christian B. Sowul, ENG’97, W’97 Russell G. Van Cleve, W’91 Eileen S. Young, ENG’04, W’04 Robert J. Schweich, W’55 Cheyenne M. Sparrow, W’09 Roland A. Van Der Meer, Jason S. Young, ENG’04, W’04 George M. Seaman, EF’36, W’39 Bari P. Spielfogel, ENG’07, W’07 W’82, EE’82 Eric H. Zabinski, ENG’92, W’92 Martin Selig, W’59 Diane I. Spilker, W’87 A.G. Van Tienhoven, W’87** Deborah K. Zajkowski, W’86 Elizabeth M. Sestak, W’76 Marc A. Spilker, W’86 Todd C. Vanett, W’75 Jeffrey J. Zajkowski, W’87 Vinit Sethi, C’95, W’95 Jay S. Spivak, ENG’89, W’89 William W. Veronda, W’99 Jordan C. Zaken, W’97** Kisti A. Shah, W’99 Beth B. Sprole, W’87 Adam E. Victor, W’08 Jane Z. Zhu, W’15 Neil H. Shah, C’95, W’95 Scott B. Stein, ENG’03, W’03 Brian D. Vo, W’06 Matthew J. Zola, ENG’90, W’90 Aric M. Shalev, W’95** Jeremy M. Steinberg, W’78 Phillip Vuong, W’04 Alexander J. Zolan, Edward L. Shapiro, W’86 Gregory L. Steinhauer, W’84 Richard F. Wagman, W’91 enG’07, W’07 James J. Shea, Jr., W’49 Jeffrey M. Steren, W’73 Wayne E. Wagner, W’60 Jonathan L. Zrebiec, W’02 Robert Sheft, W’83 Norman A. Stevens, W’53 Justin A. Waluch, C’02, W’02 Brian S. Zwerner, W’95 Shaan A. Sheikh, ENG’07, W’07 Stacey E. Stevens, W’87 David C. Wang, W’98 Robert E. Sheker, ENG’91, W’91 Katherine E. Stitch, C’03, W’03 Langdon T. Ward, ENG’03, W’03 David A. Sherman, W’82** Jill Wolk Strassberg, W’87, WG’91 Robert S. Warth, W’57 Stuart D. Sherr, W’78 Steven S. Strassberg, Michael K. Weaver, W’98** Emily Layzer Sherwood, CW’73 eAS’85, W’85 Ellen Edelman Weber, W’82 Ned L. Sherwood, W’71 Benjamin A. Strate, W’11 Robin L. Weber, EAS’82, W’82 Michael J. Shimoko, W’83 Kathryn B. Strickland, W’01 Joshua Z. Wechter, C’03, W’03 Albert K. Shin, EE’94, W’94 Chris C. Stroup, W’83 Lawrence A. Weil, W’56 Scott L. Shleifer, W’99 Harborne W. Stuart III, W’03 Melissa V. Weiler, W’86 William Shlensky, W’60 Julie A. Stuckmann, W’93 Lawrence A. Weinbach, W’61** Henry L. Shofer, W’79 Patrick Sun, W’81* Bryan S. Weingarten, W’82

2012 Annual Report to Investors 106 Master’s and Doctoral Programs

Outright gifts and pledges to restricted and unrestricted funds from alumni of other master’s and doctoral programs.

Anonymous (1) Karen B. Cohen, SW’96 Thomas M. Fullerton, Jr., GRW’88 Kit Kinports, L’80 Jay B. Abramson, W’83, L’86 Morris A. Cohen, HOM’80 Kevin R. Gallagher, C’80, GED’89 Wibo Koole, WAM’02 Thayer R. Adams, L’86 Rhonda R. Cohen, L’80 Frank P. Garzarella, GEE’76 Amy C. Kornblau, C’76, G’77^ Matthew Adelhardt, GEX’08 Jeffrey W. Coke II, WEV’05 Lisa M. George, G’98, GRW’01 John P. Kozora, WEV’03 Dean S. Adler, W’79, L’83 Carolyn L. Colburn, GED’88 Jess S. Germansky, W’80, GEX’02 Norman M. Kranzdorf, L’55 Beth A. Ageloff-Posner, D’83 Joel C. Coleman, W’52, L’55 Deirdre M. Giblin, L’93** Robert A. Kraybill, L’95 Howard E. Alpert, GAR’74 Eugene R. Conahan, Janusz J. Godyn, RES’90 Michele A. Kreisler, G’92, GRW’96 Sharman B. Altshuler, V’96^ WEV’86, WEV’89 Janis L. Goodman, Jennifer S. Kumble, L’90 Matthew B. Apfel, L’90 Alice P. Coneybeer, GFA’95 G’89, SW’91, SWP’05 Johanna Kung, GEX’98 Genevieve H. Arnold, GED’67 William B. Connelly, WEV’04 Stephen M. Goodman, W’62, L’65 Michael G. Kurcias, W’55, L’58 David J. Ashworth, WG’84, WF’01 John E. Core, GRW’95, HOM’02 Sara Gordon, CGS’02, G’04 Bernard W. Kurek, D’73, Zeti A. Aziz, G’74, GR’78 Felicia C. Crabtree, L’86 Sanjay Govil, WAM’08** WMP’03, WEV’04 Eileen F. Bailey, L’83 Haitao Cui, G’02, GRW’05 Robert S. Grodinsky, C’47, L’50 William L. Kyburz, GEX’02 Houston Baker, HOM’74 Paul J. Czachor, WMP’93 Barbara S. Gross, CW’72, GED’74 Susanna E. Lachs, CW’74, Joan Barksdale, G’68 Heather H. Dahlberg, GED’66 Mauro F. Guillen, HOM’03 ASC’76 Andrew H. Bass, Jr., Richard D’Avino, W’77, L’80 Sam E. Haddad, WEV’93 Stephen Landauer, RES’85, GME’74, GR’89** Melanie E. Davis, SW’02 Benjamin L. Hall, Jr., W’82, L’85 WAM’99 Susan W. Behrend, Nimia V. Del Rosario, GED’99** Andrew P. Halle, WAM’93 Robert D. Lane, Jr., L’77 nu’80, GNU’86 Isaac I. Devash, WEV’88 Pasi M. Hamalainen, Frank L. Langhammer, L’69 Bonnie L. Bellows, G’72 Michael N. Drossner, C’79, M’83 ee’92, W’92, G’93** William B. Lazarus, L’82 Robert S. Blank, L’65^ Hope E. Drury, C’95, L’99 Neil J. Hamburg, W’77, L’80 Gian B. Lazzarino, WEV’96 Ming Y. Blinn, G’80, GR’85 Laura Ducceschi, GED’85 Emmanuel D. Hatzakis, Claudia M. Lee, WEV’97 Dr. Boediono, GRW’79 Deirdre K. Dunn-Haddad, WEV’91 G’92, GRW’93 Daniel A. Lee, W’98, L’00 James J. Borland, SW’70 Stuart C. Eichert, ENG’99, Karyl R. Hayes, GNU’66 Hau Leung L. Lee, G’81, GR’83 Rebecca S. Bramen, GEN’99, W’99 Brenda E. Haynes, FEL’98 Randy H. Lee, C’97, L’01 nu’96, GNU’98 Debra S. Eisenstein, V’01 Joan A. Hewitt, WEV’90 Julie G. Levine, GED’86** Melanie E. Breaux, L’07 Eric M. Eisenstein, W’92, Mitchell K. Higashi, Laura B. Little, GED’07 Linda N. Brill, GED’74 enG’93, G’00, GRW’02 WAM’05, CGS’06 Tzu-Shang T. Liu, C’94, Ira Brind, C’63, L’67 Joel E. Elfman, GD’84 James P. Highland, G’90, GR’94 GR’01, M’03 Bruce W. Brownstein, Claudio G. Engel, WG’83, WF’01 John Hill, Jr., G’77* Chantal M. Lobo, GNU’99 W’80, WAM’05^ John E. Eringis, G’92 William H. Hines, RES’81, Donna M. Louizides, M’02 Janice G. Brunner, L’00 Darice W. Fadeyi, M’99 INT’84, FEL’88 Laurie L. Lundquist, WEV’89 Linda M. Buchheit, GED’91* Adam J. Fein, GRW’97 Edna E. Hollimon, SW’52 Mary P. Maarbjerg, G’69 Katharine W. Buff, GED’98 Kathryn L. Feldman, GGS’09 James W. Hovey, W’67, GCP’72 Laura K. Mack, C’89, G’09, Howard D. Burnett, L’77 Debra Fickler, L’82 Estate of I.E. Hunsicker, WEV’28 WEV’12 Joy E. Butts, WEV’98 Scott A. Fisher, C’76, G’76 Jon M. Huntsman, W’59, HON’96^ Jonna H. Mackin, G’70, GR’01 Nancy H. Carlson, GNU’69 Susan G. Fisher, GNU’87** Marie L. Hurabiell, L’96 Ian C. MacMillan, HOM’86 Carol A. Catto, WEV’00, Justin H. Flax, G’08, WEV’10 Bruce I. Jacobs, G’79, GRW’86^ Janice Maiden, GEX’03 G’02, G’08 Lorna B. Flynn, G’68 John Jamieson, Jr., L’77 Margaret R. Mainwaring, Jung-Ho Choi, GRW’91 Samuel J. Foti, W’74, G’78** Arthur S. Karafin, W’60, L’63 ed’47, HON’85^ Ellen T. Christie, GED’72 Bernard J. Fricker, WEV’89 Barbara B. Karafin, GED’63 Samir M. Malik, C’08, W’08, Susie H. Chun, L’83** Eric G. Friedman, ENG’07, Michael D. Karsch, W’82, L’85 GEN’13, WG’13 David L. Cohen, L’81 GEN’07, W’07 Hann O. Kim, GRW’00 Gabriela Marein-Efron, M’08

2012 Annual Report to Investors 107 Master’s and Doctoral Programs

Cynthia B. Marshall, G’67 Diana R. Riklis, C’76, GED’77 Gino M. Triolo, WEV’94 Scott A. Mather, ENG’92, W’92, Michelle L. Riley, C’95, GED’96 Andrew D. Trister, C’02, ENG’02, GEN’94* Daniel C. Robinson, W’02, WEV’03 GEN’02, GR’07, M’09 Linda S. Matlack, GED’75 Dino E. Robusto, WAM’99 Robert Trone, W’81, L’91 Allys Maybank, V’84 Anita L. Rogers, GAR’79 Robert G. Trout, GM’60 Francis J. McCormick, Allison K. Rosenthal, L’91** Regina M. Turner, V’89, GR’99 WMP’03, G’06, G’09 Stuart M. Rothenberg, W’84, L’87 Guy F. Ullens, WAM’90 Daniel L. McGowan, C’87, WEV’96 Robert S. Rubler, C’58, D’62† Samuel P. Upham, WG’05, Mary M. McKenzie, L’86 William A. Runner, Jr., GRW’06 Robert J. Meador, Jr., FEL’02^ WEV’64, WEV’66 Nicole M. Verrochi, W’05, Orlando Mendoza, GEX’01 Judith B. Ryder, NU’75, GNU’95 C’05, GRW’10, G’10 Jeffrey I. Michelson, D’82 Choonho Ryu, G’92, GRW’93 Olivia C. Wall, SW’73 David L. Millstein, W’67, L’72 Blair L. Sadler, L’65 Danielle E. Warren, G’99, GRW’01 Julia M. Milone, WEV’79 John J. Sakoff, WEV’76 John C. Weiler, W’83, GCP’90 Kathleen M. Montague, L’71 David A. Schweidel, C’01, Lawrence Weiner, W’64, L’67 Steven I. Montague, WEV’97 GRW’04, GRW’06** Meryl A. Weiss, C’79, GED’84 Alison C. Mora, ENG’10, Joseph F. Scoby, G’87, W’87^ Lawrence White, L’75 W’10, GEN’10 Elizabeth D. Scott, GRW’96 Wendy S. White, L’75 Simon D. Mordant, WAM’95 Jo V. Seibert, WEV’78 Shirley M. Williams, WEV’79 Maureen Morgan, GGS’07 Vivian C. Seltzer, SW’53 Spencer J. Willig, C’06, Pamela J. Murphy, L’79 M.R. Severiens, NU’60, GED’62 G’09, G’10, L’10 Sally C. Muscarella, WG’82, Ronak Shah, WEV’03 Vardina Wind, ASC’75 WAM’00 Karen H. Shapiro, GED’92, GED’93 Martin E. Winter, G’76, W’76 Constance A. Noble, GED’80 Milind M. Shrikhande, G’90, Sallie I. Winters, WEV’80 Francis R. Nugent, Jr., WEV’75 GRW’91 Andrew J. Winton, WG’82, Michael S. Nussbaum, M’81 Joel D. Siegel, W’63, L’66 GRW’90 Glenn M. Olcerst, L’76 Jane A. Silverman, GCP’70 Robert E. Wisniewski, W’75, G’08^ H.L. Orth, L’81* Robert A. Silverman, L’81 Diane C. Wolf, GNU’82 Matthew P. Owens, ENG’10, Michael J. Simko, WEV’98 Noel G. Wray, WEV’75 W’10, GEN’10 Matthew R. Slezak, WEV’07 Michael H. Yang, CGS’04, GEN’05 Jill K. Pancha, GEE’89 Benjamin Slotznick, L’79, GR’86 Chia-Lin Yao, GL’99 Pramod Pancha, EE’88, W’88, Tracy Smith, SW’94 Fang Yao, WG’91, WAM’05* GEE’91, GRE’94 Marshall S. Somers, C’74, WEV’86 Ellen F. Yeckley, GED’66 Manoj R. Patel, WEV’99 Laurel J. Southworth, L’93 Robert A. Yu, EE’06, GEE’06, W’06 Chandrika Pathak, G’82 Tricia L. Speakman, M’06 Juan P. Zegarra, GEX’04 Andrea O. Patton, L’99 Susan L. Stern, C’77, D’81^ Michael D. Zisman, Serena M. Peck, L’05 Blair C. Stone, L’86 GEE’73, GR’77^ Helen F. Peters, CW’70, Nancy H. Stowell, G’71 Chang H. Zou, WEV’99, WMP’99 G’74, GR’79 Catherine A. Streeto-Giess, M’90 Elizabeth B. Zuch, GED’76, GR’84 Molly Pettigrew, GNU’05 Chanthol Sun, WAM’97** Seth P. Plattus, L’86 Henry Y. Tam, EE’03, Martin D. Polevoy, L’67 GEE’03, W’03 Adrienne A. Price, W’78, Rose M. Tamura, M’78 C’78, G’78 Sukanto Tanoto, WF’01 Alfred W. Putnam, Jr., L’78 Pauline C. Taylor, WEV’95, Neel A. Rane, C’06, W’06, L’13 WEV’96, GFA’99 Sashi P. Reddi, GRW’94 Bruce E. Terker, W’76, Thomas D. Rees, L’75 G’78, GRW’99 James S. Ribeiro, W’77, GEE’78 Martin A. Torres, W’99, L’05

2012 Annual Report to Investors 108 Tribute Gifts Honorary Gifts Tribute Gifts

An honorary gift in the name of an alumnus or friend of Wharton is an excellent way to mark a milestone or celebrate an achievement. It is also an investment in the business leaders of tomorrow. We are grateful for the following gifts from individuals, corporations and foundations:

In Honor of Franklin Allen, HOM’86 In Honor of NaiMing Gao and In Honor of Mikael Khalid William T. Wilson, WG’90 Chunrong Liu Usman Khalid, W’02 Ms. Zhaokun Gao, WG’12 In Honor of Zeti A. Aziz, G’74, GR’78 In Honor of Sahra and Anonymous In Honor of J.R. Gilhooly, W’48 William M. Lese, W’49 Stephen J. Gilhooly, W’74, WG’75 Izhar Armony, G’97, WG’97 In Honor of Anjali and Sukomal Bardhan Deb Bardhan, WG’11 In Honor of Neelu Gutch In Honor of Mr. and Mrs. Liu Vineet Mathur, WG’12 Bao Yu S. Liu and Ren Qiang E. Liu In Honor of Dr. Boediono, GRW’79 Anonymous In Honor of Ellen and In Honor of Victoria, Jacob and Robert Gutenstein, W’55 Michelle Meyerson In Honor of Bruce Brownstein, Howard D. Bailin, W’54 Geoffrey H. Meyerson, GEN’05, WG’07 W’80, WAM’05 John Edward Rosenbaum, C’80, W’80 In Honor of Joseph and Joyce Harari In Honor of Anna and Jeffrey Harari Tadeusz Michalczuk In Honor of Chinmay Chattopadhyay Max J. Harari, W’90 Dagmara Michalczuk, WG’10 Chayan Chatterjee, WG’10 In Honor of Inge Herman In Honor of Rosa Moreno In Honor of Stephen C.C. Cheung, WG’56 Albert K. Sassoon and Jodi Singer Sassoon Javier Moreno, WG’01 Jeffrey T.H. Cheung, ENG’87, W’87 In Honor of Christopher K. Herz In Honor of Rowland T. Moriarty, Sr. In Honor of the Desai Family Douglas W. Herz, GEE’79, WG’83 Jane and Rowland T. Moriarty, Jr., WG’70 Amit Desai, WG’11 Moriarty Family Charitable Foundation In Honor of T.Y. Ho and Lina Lin Ho In Honor of Dorothy and Jacob Dumelle James M. Ho, WG’87 In Honor of John B. Neff, H’84 Lili A. Dumelle, WG’91 Lucille and William C.S. Hicks, WG’63 In Honor of Andrea Hong, W’06 William C.S. and Lucille Hicks In Honor of Scott Fishman, C’06. WG’12 Mr. and Mrs. Shek C. Hong Charitable Trust Eileen Markowitz Mr. and Mrs. Arthur Wald In Honor of K.B. and In Honor of Nle Ovadje Syamala Swaminathan Iyer Stephen Ovadje, WG’12 In Honor of Eleanor and Anand S. Iyer, WG’83 Peter Frank, W’65, WG’66 In Honor of John W. Peavy, WG’68 Mr. and Mrs. A. Lilienfeld In Honor of N. Rex Jennings, WG’68 John H. Dalton, WG’71 John H. Dalton, WG’71 In Honor of Sidney Franklin, In Honor of Rohini Prabhune C’39, M’42, RES’46 In Honor of Kembrel Jones Aniket Prabhune, WG’12 John Paul Lussow, WG’04 Jason Chen, G’12, WG’12

† Indicates deceased

2012 Annual Report to Investors 110 Honorary Gifts TRIBUTE GIFTS

In Honor of William F. Prigge In Honor of Amar and Kapil Wadehra Stefanie L. Prigge† Rmit K. Wadehra, GEN’06, WG’12

In Honor of Satyanaraya and In Honor of Anne Weintraub and Arjuna Raju Salvador Verson, Jr. Satish Penmetsa, WG’12 Susan W. and William Palace

In Honor of Dean Sapienza In Honor of Helen and Ron White Ernesto Cordera, WG’77 Arthur C.P. Chou, ME’84, and Mary Sun Chou, C’85, W’85 In Honor of Kevyn Philype Davis Soichet Ricardo Soichet, WG’79 In Honor of Damion Wicker, WG’88 Dorsey M. James, WG’89 In Honor of Gayle L. Squires, M’04, WG’04 Stephen Squires In Honor of Gayley Woolston, WG’12 Sara Woolston, WG’74 In Honor of Madhu Sudan Sukhwal Vinay Sukhwal, WG’07 In Honor of Wesley Wrubel Myra and Charles Wrubel In Honor of Tiffany K. Tang, NU’09, W’09, and Randy S. Tang, NU’07, W’07 Mr. and Mrs. Albert K. Tang

In Honor of Domingo and Teresita Toledo Michelle Angela Toledo, WG’02

In Honor of Karine Vernet Vinay Sukhwal, WG’07

† Indicates deceased

2012 Annual Report to Investors 111 Memorial Gifts Tribute Gifts

Through memorial gifts, those with ties to Wharton’s past play a role in shaping its future. The Wharton School is honored to accept the following gifts from individuals, corporations and foundations in memory of loved ones and friends:

In Memory of Melvin and Janet Aronson In Memory Dr. and Mrs Edidiong Ekpoudom Max M. Berger, C’77 Leanne A. Tobias, WG’87 Itohowo Ekpoudom, WG’10 Annette Peck Borish, CW’41 Susan J. Briskin In Memory of Lois Barber In Memory of Mary A. Edgerton, WG’81 John M. Burdick Ann M. Barber, WG’00 Paul A. Laubach, WG’81, and Burdick Gallery patricia Klaas Laubach, WG’81 Stanley S. Chaplin In Memory of Emma and Dean Berger David L. Cohen, L’81, and William Ryan Berger, WG’06 In Memory of Kathryn J. Engebretson, Rhonda R. Cohen, L’80 WG’83, GRW’96 Morris A. Cohen, H’80, and In Memory of H.L. Brown, Jr., WG’54 Clementine Baker King, WG’83 hedy S. Cohen, WG’78 Annabelle E. Brown-Fowlkes, WG’99 Patricia Damoc Cope, W’79 The H.L. Brown, Jr. Family Foundation In Memory of Fred D. Fine, W’43 Cope Family Foundation #47 Nancy B. and Gregory S. Wolcott Myron I. Dworken, W’52 Richard D’Avino, W’77, L’80, and pamela J. Murphy, L’79 In Memory of E. Douglas Burdick In Memory of Benjamin Franklin Elizabeth H. Elfman, C’09 John M. Burdick Wilrogtric Hackett, WG’11 Eric M. Elfman, W’75, WG’76 Burdick Gallery Debra Fickler, L’82 In Memory of Amy Perez Friedlander, WG’91 David Friedman, C’78 In Memory of William Polk Carey, W’53 Andrew L. Feller, W’96, WG’02, and David Friedman Private Foundation W.P. Carey & Co. LLC stacey Feller, W’96 Hilary Gillman Gary F. Goldring, W’78, WG’79 In Memory of Rakesh Chawla, WG’01 In Memory of Amy Perez Friedlander, Goldring Family Foundation Cathleen Helen Chawla, WG’01 WG’91, and Molly and Gregory Friedlander Betsy J. Green Ruth Golan, WG’01 Dena Pass Jean K. Hamburg The Jean K. Hamburg Living Trust In Memory of Jeffrey Chuan Chu, GEE’45 In Memory of Richard Frost, CHE’61 Neil J. Hamburg, W’77, L’80, and Judith S. Heyman Nancy B. and Gregory S. Wolcott Michelle Alford Mr. and Mrs. C. David Jensen Suvarna Joglekar Mr. and Mrs. Axel Kauffman In Memory of William Ebner Glover, W’38 Debra and James R. Kahn, C’75 John S. Kraus Thomas S. Glover, WG’87 Arthur S. Karafin, W’60, L’63, and Sean Z. Liu United Way of Metro Chicago Barbara B. Karafin, GED’63 Shanghai Jiao Tong University Kit Kinports, L’80 Dee K. Wang In Memory of James R. Gray Leslie and Stephen Levick Tina L. Wang Eldridge F. Gray, WG’93 Mr. and Mrs. Kwon T. Lung Mr. and Mrs. Yuang Wong Robin G. Lutin In Memory of Shashi Gurrala, WG’06 Mary McCleary In Memory of Jane Chinn Philip Paul Gutry, WG’06 Mercator, Inc. Carole J. Chinn, WG’93 Elise and Jeffrey Michelson, D’82 In Memory of Morris Hamburg, Mr. and Mrs. Matthew Miller In Memory of Leo Clark and C’43, GR’52 Linda P. and H. Laddie Montague, Jr., C’60 James Ruane, Sr. Theodore R. Aronson, W’74, WG’75, and Dr. and Mrs. Donald F. Morrison James Ruane, WG’12 Barbara Berger Aronson, CW’74 Judith O’Leary Robert J. Atkins, WG’59 Doris Parker In Memory of Paul and Monica Clarkson Larry S. Auerbach Bruce A. Rosenfield and Bonnie Brier Margaret K. Clarkson, WG’93 Mr. and Mrs. Allan J. Berger Bryan Sayer

† Indicates deceased

2012 Annual Report to Investors 112 Memorial Gifts TRIBUTE GIFTS

Peter D. Schiffrin, C’73, WG’78 William Seltzer, C’49, and In Memory of Nicole Korczykowski, In Memory of Lewis E. Platt, WG’66 vivian C. Seltzer, SW’53 C’01, W’01 Nancy B. and Gregory S. Wolcott Hal Shanis Matthew M. Commons, C’01, W’01 Barry Simon In Memory of Chittaranjan Prasad Mr. and Mrs. Michael Stern In Memory of E. Rochelle Kraus Saket Saurabh, WG’09 Barbara and Paul F. Weisbein John S. Kraus Lawrence White, L’75, and In Memory of Edward T. Pratt, Jr. Wendy S. White, L’75 In Memory of Jeung Ming and International Paper Company Mr. and Mrs. Martin A. Zawatsky Kim Kue Leong Glen and Genevieve F. Matsumoto, In Memory of M.S. Radhakrishnan In Memory of Anne R. Harding W’76, WG’80 Vikram Krishnan, WG’06 Lynn and Lawrence M. Harding, W’85 Marsh & McLennan Companies, Inc. In Memory of A. Joel Levinson, W’64 In Memory of Walter Hoerig Paul A. Levinson, W’95 In Memory of Bhamidipaty KDP Rao Dan W. Hoerig, WG’80 Sankar Bhamidipaty, WG’12 In Memory of James T. Magee, W’41 In Memory of Ye HuiLian Jenny Magee In Memory of Mary Robinson Zeen Wu, C’06, WG’12 Mark J. Johnson, WG’86 In Memory of Henry E. Martinson, Jr., In Memory of William R. Hockenberry, W’55, WG’61 In Memory of Mortimer Ruben, D’43 W’20, G’23 Phyllis W. Martinson Erica Siegel Henning, WG’03 Joanne and William A. Runner, Jr., WEV’64, WEV’66 In Memory of John G. “Jack” Mathias, W’43 In Memory of Beth Schachter Robert G. Trout, GM’60, and Ariel Etcheverry Mr. and Mrs. Harvey Schermer Anne H. Trout, CW’46 In Memory of Abu Khair Mohammad Mohsin In Memory of Bernard Schreier In Memory of Josephine loredo Imon N. Mohsin, WG’02 Gail Schreier Tulcin, WG’77 Bernard S. Loredo, WG’79 In Memory of Herbert Moses In Memory of Sushila Sinha In Memory of Robert L. Kaminsky, Lara Moses Weisberg, W’89 Amit K. Sinha, WG’02 W’60, L’63 Carole B. Kaminsky, CW’62 In Memory of Charlie Nesbit In Memory of Donald L. Spurdle, W’65 Michael P. Connelly, WG’08 The Goldman Sachs Group, Inc. In Memory of Amalia and Brian J. Kennedy, C’94 George Kapsomera In Memory of Adolfo Niela Global Reinsurance Corporation of America Nancy R. Kail, WG’89, G’89, and Marcos A. In Memory of William L. Staples, WG’65 Celia S. Kapsomera, WG’85 Rodriguez, WG’89, G’89 Nancy B. and Gregory S. Wolcott

In Memory of Ronen Katz, In Memory of Eric Palace, C’93, W’93 In Memory of Emily Thornock ENG’06, GEN’06, W’06 Mr. and Mrs. Richard M. Alpher Robert Thornock, WG’12, G’12 Etie Hertz Neha Santiago, WG’09 In Memory of Navin Harkishan Pancholi In Memory of Lauren Tsai Sanju Pancholi, WG’12 John S. Kraus In Memory of John H. Kim, WG’97 Theresa J. Awe In Memory of Peter Pappas In Memory of William C. Withers G. Steven Burrill Clement Pappas, WG’09 Timothy Withers, WG’12 Sheila L. Matz, W’85 In Memory of Dorothy Pienkowski In Memory of Alice Wong David Pienkowski, GEE’78, GR’82, WG’87 Deborah Chan Moy, WG’98

† Indicates deceased

2012 Annual Report to Investors 113 Gift^ Planning

Estate Contributions Charitable trusts and bequests, IRAs, life insurance and other estate plans are some of the many sources of planned gifts. These generous gifts help to ensure the ongoing excellence of the Wharton School’s programs. We are grateful to the following individuals whose contributions play a vital role in Wharton’s future. Fiscal Year 2012 Gift Planning Planned Gifts

Planned gifts provide the resources that create extraordinary opportunities and preserve Wharton’s future. Charitable bequests, living trusts, beneficiary designations and life income arrangements are just some of the many ways to help ensure the ongoing excellence of the Wharton School’s programs. We are grateful to the following individuals whose generous contributions play a vital role in Wharton’s future.

Sidney Brown, W’38 † Elaine A. and Stephen E. Lewis, WG’65 Linda M. Buchheit, GED’91 Estate of Jane MacKenzie, EF’42 Alfred J. Buescher, W’48 George C. Matteson, Jr., W’50† Richard M. Burk, WG’53 Shaun F. O’Malley, W’59 Estate of Warren S. Davis, WG’38 Lillian C. Pardee, OT’47† David R. Douglass, Jr., WG’48 Stefanie L. Prigge† Adolphus O. Ehrlich, W’32† Joanne M. and William A. Runner, Jr., Leo and Kathryne Friedman Trust WEV’64, WEV’66 Robert I. Glass, WG’58† Catharine D. Sharpe Charitable Trust Elizabeth K. and Bruce H. Gleason, W’57 Mary Steadman† Theodore J. Hess Trust, W’36, WG’37 C. Henry Veit, W’57 Barbara G. and Stephen J. Heyman, W’59 Estate of John Vollmayer, WG’54 Estate of I. Erwin Hunsicker, WEV’28 Julian M. Weigle, W’42† Mr. and Mrs. Stephen A. Keller, W’41† Barbara Ziegler† Kristina S. and James W. Lambert, WG’78 Robert T. Lamkin, WG’56 Joel A. Lang, W’55, WG’58†

† Indicates deceased

2012 Annual Report to Investors 115 The Gordon B. Hattersley, Gift Planning Jr. Society

Named for the late Gordon B. Hattersley, Jr., WG’54, the Hattersley Society recognizes all who have provided for Wharton’s future through a planned gift. Through their support, Wharton’s alumni and friends have created a meaningful legacy for present and future generations. The School extends its deepest gratitude and appreciation to Hattersley Society members for their outstanding generosity, which sustains Wharton’s tradition of innovation and excellence in education. The Gordon B. Hattersley, Jr. Society is a chapter of the Charles Custis Harrison Society, the University-wide recognition program for planned-giving donors.

Anonymous (12) James F. Clavenna, WG’75† Paul H. Geithner, Jr., WG’57 Thorsten E. Ackerson, WG’67 Aaron B. Cohen, W’37 Michael J. Germano IV, W’01 Robert M. Adams, WG’67 Sylvan M. Cohen, C’35, L’38† Thomas P. Gerrity, H’91 Mrs. Charles W. Adams P. Kay Coleman, WG’81 Meyer S. Gertman, W’39† Ralph E. Ajello, WG’70 J. Daniel Coogan, Jr., WG’66 Virginia and Martin Gibson, WG’62 Johannes Albeck, WG’74 Donald C. Cowles III, WG’68 Ronald C. Gilbert, WG’76 Pauline J. Albert, WG’77 Robert G. Cox, WG’46, GR’56† Angela I. and Gerard H. Gizinski, WG’71 Robert B. Albrecht, W’41† Nancy M. Crabbe, WG’88 Robert I. Glass, WG’58† William H. Alexander Robert L. Crandall, WG’60 Joseph B. Glossberg, W’63, WG’65 J. Arch Anderson, W’24† Mary G. and Anthony Cristo, WG’58† Stuart B. Glover, W’25, L’28, LG’30† Vishal Arya, EAS’03, W’03 Kevin E. Crowe, WG’62 Gary A. Glynn, WG’70, and Paula A. Asinof, WG’75 Edward J. Curry, WG’73 Beth Glynn, WG’82 Joseph A. Avila, EE’74, W’74, WG’78, and William H. Curtis, WG’64 Felix M. Goizueta, W’63, WG’64, GR’71 Marcia S. Avila, CW’74 Mayuri A. Dave, WEV’01 Herbert Z. Gold, W’36† Elizabeth E. Bailey, H’91 Mark A. Dennis, WG’89 Debra Gold-Edelstein, W’83 Mary B. and Claude M. Ballard, Jr.† Frank E. Destribats, WG’80 Barton J. Goldenberg, W’77 Stephen J. Barclay, WG’67 Charles E. Dewey II, WEV’92 Stanley P. Goldstein, W’55 Robin and Michael F. Baumann III, W’82 Jeffrey H. Donahue, WG’72 Gary L. Goodenough, WG’75 Martin Bayersdorfer, Jr., W’40† Edward J. Doran, WG’47† Mark D. Gordon, W’65, L’68 Daniel B. Behrend, WG’71 Edward B. Dosik, W’77 Samuel F. Gorman, W’66, WG’67 John M. Bendheim, W’40 H.R. Duboff, WG’62 Jackson S. Gouraud, W’40† Howard W. Bennett, WG’52 William Duval, W’47† Joleen and Joseph C. Graf, WG’54† Janet Jameson Berger, WG’80 Roberta and Steven Dzubow, WG’70, GR’72 Bradford Green, Jr., WG’63 Joseph F. Bernstein, W’39 John K. Easton, Jr., WG’60 Benjamin F. Griffith, Jr., WG’49† Sonali Bhatnagar, WG’07 Clifford L. Elling, WG’49† James T. Grimaldi, W’51 Helen Blohm, WG’76 C.E. Elliott G. William Grissinger, W’44, WG’48† Gregory J. Boester, WG’98 James A. English II, WG’75 Harvey Grossman, WG’52 David G. Boling, WG’61 Gregory J. Ersek, WG’79† Hans S. Gruenberg, WG’56 John M. Bourne, W’61, WG’63 Joseph H. Estes, WG’85 Adele and Lee M. Hale, W’47 Mr. and Mrs. Jon L. Brandes, WG’64 Mary Estes Helene Halperin, WG’85 Herbert L. Braverman, W’69 Wendy J. Finerman, W’82 Winthrop W. Hamilton, WG’65 John M. Campbell, WG’78 Alexander E. Fisher, W’62 Gilbert W. Harrison, W’62, L’65, and Miguel E. Cano, W’74 Jeff Foran, WG’63 shelley D. Harrison, CW’64, GED’65 Richard E. Carlson, WG’71, and Mrs. Leighton C. Fowler, NAW’33† C. Scott Hartz, WG’70 Charlotte C. Carlson, NU’72 John L. Fox, WG’49 Beverly and Sandra J. Carrithers, WG’84 Andrea and Fred Fraenkel, WG’73 Gordon B. Hattersley, Jr., WG’54† E. Donald Challis II, C’64, WG’66 Edward B. Frankel, W’42, WG’43† David W. Hauck, W’60 Evan D. Challis Stephen Freier, W’70, WG’73 Marguerite J. Hauck Fu S. Chan, WG’66 Robert B. Friedman, W’61 Keith A. Hauge, WG’61 Richard J. Cisek, EE’93, WG’07 Corinne V. Friend, GR’70 Steven L. Heiferman, WG’73

† Indicates deceased

2012 Annual Report to Investors 116 The Gordon B. Hattersley, Jr. Society GIFT PLANNING

Andrew M. Heller, WG’79 Curtis A. Locke, WG’66† Lewis W. Parker, WG’70† Paul L. Hertenstein, WG’51† John F. Lomartra, W’77 Margaret R. Patchell, NAW’32† Stephen J. Heyman, W’59 Frederick A. Lovejoy, WG’55 John Patience, WG’73 Heide K. Hirschtick, EAS’86, W’86 Bernard Lubschutz, W’34† Mrs. Francis C.W. Paton, ED’25 † Susan Mason Horn, W’68, and Virginia and Richard Lundy, WG’48† George and Virginia Peacock david M. Horn, C’63, WG’68 Violet F. Magyar Theodore Pedas, WG’54 William S. Horneff IV John F. Maher, WG’67 Bonnie and George H.P. Pettway, WG’69 Edis and Alexander Horwitz, W’38† John A. Majane, WG’58 Nicole W. Piasecki, WG’90 Logan P. Hottle, WEV’75, WG’76 Stanley Markowitz, WG’53 David C. Pierce, W’50† Lee A. Huff, WG’63 Richard N. Mason, WG’58 Joan and Lewis Platt, WG’66† Laura S. Huseby George C. Matteson, Jr., W’50† John J. Pomerantz, W’55 Todd P. Huseby, C’94, ENG’94 Kenneth H. McClure, W’40 † William G. Pomeroy, WG’68 Richard N. Irmas, WG’53† Louise Buell McClure, GED’50† David F. Posnick, W’88 James A. Jacobs, W’53, WG’54 James J. McElhare, WEV’67† Joel S. Post, WG’95 Earle H. Johnson, WG’77 John S. McKinney, WG’78 Edmund T. Pratt, Jr., WG’49 † Glenn W. Johnston, W’41† Kristin D. and Rodney A. McLauchlan, WG’78 Diane M. Quinn, WG’92 Robert D. Jones, WG’54 Louise and William W. Meiklejohn, W’42† Joel H. Raby, WG’71 Barbara L. Kaiser, WG’76 Kenneth A. Menken, WG’56 † Zbigniew Raciszewski† Clare M. Kanter, WG’02 Raymond D. Mercer, W’39† Bradley Randall, Jr., W’49 Beth J. Kaplan, W’80, WG’81 Patricia E. Michael, W’60 Edward R. Raupp, WG’66 Robert T. Kay, WG’50† Kenneth R. Middleton, WG’67 Rose and Gary L. Ray, WG’70 Robert G. Keeley, WG’56 Martha M. Miller† Randolph C. Read, WG’75 Donald R. Keen, W’48† Scott Lewis Miller, WG’85 Regina O. Redfern, WEV’01 Mr. and Mrs. Stephen A. Keller, W’41† Townsend T. Mink, W’51 Allen B. Reed III † Robert T. Kelly, Jr., W’83 Veriene W. Mirzy, WG’71 Clyde W. Reighard, C’53, WG’55 Frederick G. Kempin, Jr., L’44† David A. Moore, WG’64 J. Permar Richards, Jr., WEV’39 † John B. Kendrick, WG’83 Cynthia and Dwight K. Morita, WG’77 Ira S. Rimerman, WG’61 Dr. and Mrs. James S. Ketchel, WG’54 William B. Morrow, WG’79 Lester A. Rosen, W’33 † Khawar A. Khan, WEV’02 Alan M. Moskowitz, W’46† Stewart H. Rosenberg, W’69 James J. Koch, WG’60 Thomas J. Motley, W’72 Theodore R. Rosenberg, WG’64 Susanne and Matthew Kornreich, W’48† John H. Mudie, WG’51† Peter S. Rummell, WG’71 Daniel J. Krofcheck, WG’83 Norbert W. Muench, WG’47† Joanne M. and William A. Runner, Jr., Charles Kurz II, WG’69 Clark L. Murray, WG’69 WEV’64, WEV’66 Dorothy J. Kurz Robert A. Natiello, WG’56 Mark G. Samuelian, WG’90 Kristina S. and James W. Lambert, WG’78 John L. Neuman, WG’67 Mr. and Mrs. Ira B. Schachter Peter H. Lasalle, WG’74 James Nevels, L’78, WG’78, and Fred S. Schlaepfer, WG’57 Janet M. Lavine, WG’79, and lourene Nevels, Gr’81 James D. Schreyer, WG’75 d.R. Williams, W’78, WG’79 Lourene D. Nevels, GR’81 Andrew B. Schulz, W’79 Catherine and William Lawrence, WG’65 Clarence J. Nickman, W’29, L’32† Susan W. Schwartz June B. Laws, NAW’26 † William L. Nikel, WG’54 Anthony W. Schweiger, W’64 Mark Legnini, W’71 Mary Ellen Northrop, WG’76 Jeffrey L. Seltzer, W’78 Clifford A. Leventhal, C’51, WG’56 James S. Northup, WG’63† Jacobus T. Severiens, WG’61 Diane v.S. and Robert M. Levy, WG’74 Cornelius O’Donnell, WG’63 Earlene and Herbert E. Seymour, WG’59 A. Barton Lewis, WG’47† Whitney C. O’Keeffe, WG’65 Mrs. Clinton H. Shattuck, NAW’23† Jane and Michael F. Lewis, W’74 Shaun F. O’Malley, W’59 John H. Shaw III, WG’69 Stephen E. Lewis, WG’65 Deborah L. Origer, WG’84 Stefanie L. Shelley, WG’89 Philip and Naomi Lippincott Paul E. Orrson, WG’87 Alvin Sherman Mark S. Lippman, WG’91 Karen Anderson Palmer, WG’79, and John J. F. Sherrerd, WG’56† Tzu-Shang T. Liu, C’94, GR’01, M’03 John W. Palmer, WG’79 Howard L. Silver, W’41† Winnie H. Liu, C’95, W’95, WG’03 Mr. and Mrs. Fred Panasiuk, WG’61† Alan H. Silverman, L’80, WG’80

† Indicates deceased

2012 Annual Report to Investors 117 The Gordon B. Hattersley, Jr. Society GIFT PLANNING

Robert S. Siskin, W’47 Maria N. Wall, WG’98 Marilyn and Alan Slutsky D’80, WG’81 Stephen J. Warner, WG’66 Robert B. Smith, W’42† Carl S. Webber, WG’59† Arnold E. Smolens, W’42† William H. Webber, EF’30, W’32, L’35† Edward M. Snider Harvey M. Weidenfeld, W’58 Leslie Belasco Solin and Doris E. and John L. Weingartner, Jr., W’49† lawrence J. Solin, RES’84 Samuel J. Weinhoff, WG’74 Leslie Brooks Solomon, WG’86, and Marilyn Weissman Gregory M. Solomon, WG’86 Richard M. Whiston, W’65 Woodrow W. Speir, W’41† Margaret B. Lehr, C’76, WG’82, and Shepard A. Spunt, W’52, WG’56† thomas K. Whitford, WG’82 Christopher C. Stavrou, WG’67 Beverly and Jerry Wilkinson, WG’69 Clinton O. Steadman, W’44† Janet M. Lavine, WG’79, and Peter O. Stearns, WG’63 d R. Williams, W’78, WG’79 Sharon L. Stein, WG’78 Robert L. Wissoker, W’43 Dola Davis Stemberg, WG’76 Charles H. Woodland, W’47† David C. Stewart, WG’67 Milton L. Wray, WG’54 William M. Stewart, WG’90 Henry M. Zachs, WG’58 Merlin L. Stigge, WG’69 Mr. and Mrs. David M. Zala, WG’53† Elaine D. Stinner, ED’45, GRD’51† Barbara Ziegler† Mrs. Herbert D. Strauss† Alfred I. Stuart, W’37† Ann M. Subach, WG’75 Edward L. Sullivan, W’49† Jonathan F. Swain, WG’61 Mark Tagliaferri, W’85 Lynne L. Tarnopol, CW’60 Cathryn P. Taylor, WG’87 Mrs. Paul E. Taylor, NAW’25† Jordan Taylor, WG’71† Scott A. Thacker, WG’86 Robert J. Theis, WG’75 Robert E. Thomas, W’36 William H. Timbers, Jr., WG’76 Lawrence D. Tornek, WG’65 Andrew I. Trader, W’91, WG’99 Peter F. Tropp, WG’68 Betty H. Truitt, ED’30† J. Glenn Tuthill, WG’49 Anne E. Kalin, WG’91 Gregory A. Vandenbosch, W’95 Setty G. Viralam Vinay S. Viralam, ENG’04, W’04 James P. Wade, Jr., WG’62 Bruce S. Wagner, WG’67 Kenneth J. Walkky, WG’80 Janette Wall†

† Indicates deceased

2012 Annual Report to Investors 118