“We have work to do,” said President David Skorton on Oct. 26, 2006 when he officially announced the launch of Cornell’s capital campaign.
Less than a year later, it seems the administration has taken its president’s words to heart, having raised $1.72 billion out of the proposed $4 billion over five years.
“The campaign has made very strong progress since our public launch last October,” said Jim Mazza, campaign director. “During the past fiscal year, which ended June 30, Cornell had its most successful fundraising year in its history, with $754.8 million in new gifts and commitments, with nearly $300 million designated to priorities on the Ithaca campus and the balance to initiatives at Weill Cornell Medical College.
The Department of Applied Economics and Management in the College of Agriculture and Life Sciences launched its new student leadership program with a slew of events last Thursday and Friday.
More than 30 distinguished alumni on AEM’s Business Advisory Council helped introduce the Business Opportunities in Leadership and Diversity (BOLD) program through a series of workshops, seminars and panels designed to usher in a new era of leadership focus for the AEM department.
Researchers at Weill Cornell Medical College may have identified a possible new treatment for Alzheimer’s diseases after concluding a preliminary, small-scale study with Baxter International. The focus of the study was Baxter’s Gammagard, an intravenous immunoglobulin treatment for patients with immunodeficiency and its effects on slowing or even stopping the progression of Alzheimer’s.
“The IVIG study was a Cornell investigator-initiated study. We conceived and designed the study and then approached Baxter and other sources for support,” said Prof. Normal Relkin, neurology and neuroscience, lead researcher at Weill Cornell Medical College.
Students who received free OmniRide bus passes for the past two years will no longer enjoy riding TCAT for free. Beginning this August, the University will only provide free OmniRide bus passes to new students.
However, students will not have to pay to take the bus after 6 p.m. or on the weekends.
On Friday, 13 undergraduate candidates kicked-off their campaigns for one of the most influential positions open to Cornell students — the position of student trustee on the Cornell University Board of Trustees. Compared to the four candidates who ran last year, this year’s selection is significantly more diverse, with candidates from every class, including three freshmen.
The Cornell University Board of Trustees convened in Ithaca last week, with the full Board meeting on Friday in the Beck Center of Statler Hall. President David Skorton, Student Assembly President Kwame Thomison ’07 and Graduate and Professional Student Assembly President Janet Vertesi grad presented reports to the Board during the part of the session that was open to the public.
The 2006 fiscal year was one of phenomenal growth for both public and private institutions. While Wall Street stole the spotlight with its record-breaking earnings, college endowments also fared very well.
Endowments rose for the vast majority of institutions in the 2006 fiscal year, with an average increase in market value of 10.7 percent.
Out of 765 institutions surveyed in the United States and Canada, only 14 saw their endowments shrink, according to data released by the National Association of College and University Business Officers.
The top three endowments by market value at the end of the 2006 fiscal year were Harvard’s, Yale’s and Stanford’s, coming in at $28.9 billion, $18 billion and $14.1 billion, respectively.
The University Diversity Council hosted an open forum yesterday, and less than five students were among a small crowd comprised of faculty and staff. At the forum, called “Diversity at Cornell,” administrators discussed a new initiative not only to increase diversity, but also to increase awareness during President David J. Skorton’s first year in office.
The UDC is composed of an executive committee co-chaired by Skorton and Provost Biddy Martin, and a working group co-chaired by Robert Harris, vice provost for diversity and faculty development and David Harris, vice provost for social sciences and seeks to deepen Cornell’s commitment to fostering and sustaining diversity.
Trustees approve tuition, room and board increases
Peter Meinig ’61 was re-elected as the Chairman of the Board of Trustees, the Board announced after its meetings in New York City this weekend. Meinig will serve as Chairman for three years from July 1 through June 30, 2010, and his term as trustee will be extended through July 1, 2011.