Trustees approved the 2022-23 budget, heard reports on Stanford Medicine and ResX, granted approval for construction on building projects, and took action on other items.
The Stanford Board of Trustees has approved an allocation of university reserve funds for a new program to invest in diverse asset managers, creating new avenues for such firms to enter institutional investment portfolios.
At its first meeting of the 2021-2022 academic year, Stanford’s Board of Trustees moved forward several building projects and received updates on how the university is raising its sights after the challenging beginning of the pandemic.
New Stanford trustee Marc Lipschultz, who earned his undergraduate degree from Stanford in 1991, is president and co-chief investment officer of Owl Rock Capital.
Stanford trustees received briefings on such university initiatives as the new school for climate and sustainability and undergraduate education enhancements, as well as pandemic progress and campus activities.
Alumna Roberta Denning, known for her advocacy of the arts and humanities at Stanford, has been elected to the university’s Board of Trustees. Her term begins Feb. 1.
In a series of remote meetings this week, the Stanford Board of Trustees, chaired by Jeff Raikes, discussed the ongoing pandemic, new construction, the university’s engagement with the external world and Long-Range Vision progress.
At their Oct. 4-6 meeting, the Stanford University Board of Trustees discussed the university’s response to the COVID-19 pandemic, heard an update on the Long-Range Vision, and approved a campus committee’s recommendation to remove David Starr Jordan’s name from campus spaces and to relocate the statue of Louis Agassiz outside Jordan Hall.
Beginning in 2020-21, Stanford will provide scholarship support to cover the price of undergraduate tuition for parents with annual incomes below $150,000, up from the current $125,000 threshold.
The Hoover Institution bylaws outline the director search process, including the selection of a 10-member search committee. Joshua Rauh will chair the committee.
Aneel Bhusri, co-founder and CEO of Workday, and Sarah Ketterer, co-founder and CEO of Causeway Capital Management, will join the Stanford Board of Trustees on June 1.
At its meetings this week, the Board of Trustees also heard about current projects in the arts, took action on building projects and heard from the new leader of Lucile Packard Children’s Hospital.
At its Dec. 3-4 meeting, the board also updated its investment responsibility policies, set 2019-20 tuition and made enhancements to financial aid program.
The Board of Trustees on Dec. 4, 2018, announced a new investment responsibility framework for Stanford, including a new educational and research initiative. Below are answers to questions about the new set of actions.
Home equity will no longer be a factor in the financial aid calculation for undergraduates. Stanford’s total undergraduate need-based financial aid budget is expected to increase 7 percent in 2019-20.
