Annual Board of Trustees Meeting held on June 6, 2008
July 1, 2008
Dear Members of the Loyola University Chicago Community,
The Loyola Board of Trustees held its annual meeting on June 6 at the Water Tower Campus.
Our Board members are always energized when they have an opportunity to hear from our students and recent alumni. At this meeting, three of our very best and brightest young Loyolans had an opportunity to share with our trustees their experience at Loyola and their life aspirations. Current student Jessica Bates, recent graduate Blake Anderson, and class of 2006 alumna Natalie Church discussed their Loyola education and how it has changed their work, friendships, family, and perspective on life. I’m grateful to them for taking the time to be with us. Kelly Shannon, our vice president for marketing and communications, led the student presentation group and demonstrated that our promise of Preparing People to Lead Extraordinary Lives was indeed alive and well in the examples of our students and alumni.
Since this was our annual meeting of the Board, a good portion of our action items involved formalizing the appointments of trustees, officers, and directors of both the University and Loyola University Health System. This year, we elected five new members to the Board of Trustees. James Bouchard is a steel executive and also received the 2007 Loyola Damen Award. Andrew Smith is a real estate investment management CEO and founding member of the Loyola Parents’ Leadership Council. Judy Duchossois is co-chair of Duchossois Industries, Inc., and a family foundation that generously supports a number of health-care organizations and related causes. Paul Fitzgerald, S.J., is a senior associate dean at Santa Clara University and is active on the board of the Jesuit Volunteer Corps. Finally, Dan Walsh, the chairman of our health system board, has also joined us as a Loyola Trustee. I am grateful that these outstanding individuals have accepted our invitation to join the Board and look forward to their insight and contributions to our work.
The Board also approved the new budget for fiscal year 2009. The budget continues our six-year trend of showing a modest operating surplus while continuing to invest in programming and capital projects that advance our academic mission. Discipline in our spending policies and continued healthy enrollments should bode well for good results in this new fiscal year.
Finally, later this month, the vice presidents, deans, and other University representatives will gather for a summer Leadership Retreat. This two-day meeting will launch a strategic planning process that will result in a new strategic plan for Loyola to begin in fiscal year 2010. Since our 2004–2009 plan will end this fiscal year, we will begin with an assessment of how much of this plan we have accomplished. Over the next few weeks you will hear more about the process, which will include the sharing of a self-study now being completed by Institutional Research and Dr. John Frendreis, who will be helping to lead the planning process. The process will help us identify key aspirational, yet realistic, goals that will shape the next five years for Loyola. There will be numerous opportunities for students, faculty, and staff to participate in shaping our new plan. I have promised the trustees that we will present the 2010–2015 plan at the meeting in March of 2009.
Thank you for all you do for Loyola University Chicago. I hope that the summer months provide you with an opportunity for some rest and rejuvenation prior to our students returning in late August. Have a safe and enjoyable Fourth of July weekend!
Michael J. Garanzini, S.J.