05-06 Annual Report TERCE NTEN NIAL ANNIVERSARY of the BIRTH of PENN’S FOUNDER
05-06 Annual Report TERCE NTEN NIAL ANNIVERSARY OF THE BIRTH OF PENN’S FOUNDER “ Tell me and I forget. Teach me and I remember. Involve me and I learn.” – Benjamin Franklin University of Pennsylvania Nondiscrimination Statement The University of Pennsylvania values diversity and seeks talented students, faculty and staff from diverse backgrounds. The University of Pennsylvania does not discriminate on the basis of race, sex, sexual orientation, gender identity, religion, color, national or ethic origin, age, dis- ability, or status as a Vietnam Era Veteran or disabled veteran in the administration of educational policies, programs or activities; admissions policies; scholarship and loan awards; athletic, or other University administered programs or employment. Questions or complaints regarding this policy should be directed to: Executive Director, Office of Affirmative Action and Equal Opportunity Programs, Sansom Place East, 3600 Chestnut Street, Suite 228, Philadelphia, PA 19104-6106 or by phone at (215) 898-6993 (Voice) or (215) 898-7803 (TDD). Table of Contents Message from the Vice President for Finance and Treasurer 5 Endowment and Investments 24 Management Responsibility for Financial Statements 29 Report of Independent Accountants 30 Statement of Financial Position 31 Statement of Activities 32 Statement of Cash Flows 33 Notes to Financial Statements 34 Trustees 52 Statutory Officers 53 Benjamin Franklin was born in Boston in 1706. At 17, he settled in Philadelphia, where he began his lifelong quest to serve humanity. A printer by trade, Franklin was also an inventor, innovator, statesman, philanthropist, writer and visionary. As a statesman, he represented Pennsylvania at the revolutionary meetings that resulted in the Declaration of Independence and the U.S.
[Show full text]