Presidential Post-Board Community Update
Posted: March 10, 2016
Dear Members of the Scripps College Community,
The Board of Trustees concluded its March retreat and meeting on Sunday, March 6, and I would like to inform you about several key actions and discussions.
The trustees approved an operating budget for fiscal year 2016-17. Key elements include:
- Enrollment increases to 980, the culmination of a phased increase in enrollment aligned with the construction of NEW Hall;
- Tuition increase of 3.75%, below the 4.18% average for the previous five years;
- An allocation of $230,000 to continue progress toward fulfilling departmental funding requests per the College’s strategic programming goals;
- A target surplus of $712,000;
- An increase in the tuition discount rate, or the ratio of institutional aid to tuition and fees, to 34.2% from 33.7% in the current year; and
- Capital expenditures of $2.75 million, including roof replacement and solar project at Garrison Theater and ADA enhancements in Balch Hall and the Bette Cree Edwards ’49 Humanities building.
I would like to thank the student, staff, and faculty members of the President’s Budget Advisory Committee, chaired by Vice President for Business Affairs and Treasurer Dean Calvo and Interim Vice President for Academic Affairs and Dean of Faculty Julia Liss for their hard work in proposing a budget that meets the College’s strategic and financial priorities.
New Board Members
The Board approved four new regular trustees this past weekend to begin their official service on July 1, 2016:
Patricia Fechner is the daughter of the late Miyako Y. Fechner ’53. She is a board-certified pediatric endocrinologist in Seattle, Washington, and has been in practice for 23 years. Dr. Fechner is currently an attending physician at Seattle Children’s Hospital and is also associate professor of pediatrics at the University of Washington’s School of Medicine.
An alumna trustee for 10 years from 2001-2011, Patricia “Trish” Jackson ’82 was also assistant director of The Annual Fund at Scripps from 1983-1984. In addition, Trish held various Alumnae Leadership Council roles from 1982-2002, and served as president of the Alumnae Association from 2002-2004, which began her service on the board. Currently, she serves as interim vice president for the office of development and alumni relations at the Geisel School of Medicine at Dartmouth Hitchcock Health.
Gale Picker P’14, P’19 is a certified counselor who specializes in working with parents and families. Gale is the founder of the Family Leadership Fund, a Seattle-area organization that raised and donated over $1 million in the last decade to improve the lives of children and families in communities of color. For many years, Gale served on the staff of the U.S. Senate Finance Committee as well as the U.S. Senate Budget Committee.
Lucinda Bowen Smith ’88 is an accomplished, global executive and organizational change agent with more than 20 years of business experience. She serves as senior vice president of Global Business Services at AGCO Corporation, a Fortune 500 company and a worldwide manufacturer and distributor of agricultural equipment. Lucinda participated in the first Scripps-in-Residence Program this past October.
We are extremely fortunate to welcome such accomplished women to the Board of Trustees, and we look forward to their valuable contributions to the life of the College.
Focus Topic: Sustainability of the Liberal Arts College Economic Model
Trustees, students, faculty, and staff engaged in an in-depth examination of the long-term sustainability of the higher education economic model and its specific applicability to Scripps. Members from the National Association of Colleges and University Officers (NACUBO) presented a comprehensive overview of existing higher education economic structures, internal and external challenges colleges and universities must navigate in the future, and the findings from focus groups with a broad sampling of higher education administrators and faculty members. Meeting attendees engaged in lively small group discussions to generate innovative ideas to help preserve Scripps’ strong financial position and sustainable economic vitality. All who participated appreciated the opportunity to better understand the College’s finances and to join the conversation about Scripps’ future.
I look forward to seeing you at the spring community meeting on March 22 at 4:15 p.m. in the Humanities Auditorium, where we will have an opportunity to discuss the budget and economic model in greater detail. I hope you have a relaxing and enjoyable spring break!
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