University of Louisville Presentation to The Louisville Cardinal UofL: It’s Happening Here! 1/22/09

2 What’s Happening Here? Let’s start with where we have been... Milestones 1970: UofL enters State Higher Education System : Another mouth (expensive) to feed 1996: Boyle Report - Community agenda to grow/diversify economy-new cluster Healthcare/Life Science Logistics/Distribution - Role of UofL 1997:HB1 – Postsecondary Education Improvement Act -- Public Agenda – increase economic opportunity/Quality of life -- UofL shall be a premier nationally recognized metropolitan research university

3 Boyle Report – 1996 Community Agenda to Build Economy House Bill A Public Agenda for Higher Education to Build Economy Challenge for Excellence UofL 10 Year Plan What’s Happening Here? So...

4 The Goals 1.Achieve classification as a Carnegie Research I University -- Done 2.Have a national reputation for its quality undergraduate programs – Done 3.Have at least 20 nationally recognized research and graduate/professional programs – Done 4.Attain designation as a National Institutes of Health (NIH) Cancer Center – In Progress 5.Have 75 endowed chairs and professorships in key fields – Done 6.Graduate at least 140 doctoral students per year – Done

5 The Goals 7.Increase federal funding to more that $40 million annually and increase total sponsored funding to $80 million per year – Done 8.Increase its endowment from $255 million to $500 million – Done 9.Increase significantly the number of business start-ups that develop from university research activity – Done 10.Increase the number of patents and licenses based upon university research – Done 11.Be recognized as a national leader for linking its resources to the needs of its community – Done

6 A Decade of Progress

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10 Pretty Good Progress But you have heard the expression “What have you done lately?” “It’s time to finish the job.” -- President James Ramsey State of the University address September 2007

11 It’s Time to Finish the Job  Strategic Plan  Vision  Goals  Strategies  Tactics  Funding Plan  Capital Campaign  Branding Effort

12 “The 2020 Plan” Educational Excellence  Achieve “Double the Numbers” goals (CPE)  Award 350 doctoral degrees, up from 151  Achieve Phi Beta Kappa Chapter  Transform campus life and housing so that 32% of our students live on campus  Double the number of nationally recognized programs – 30 to 60

13 “The 2020 Plan” Research, Scholarship and Creative Activity  Recruit 180 nationally recognized researcher/scholars and increase total grant and research to $400M, including $193.5M in federal funding  Achieve NCI Cancer Center designation

14 “The 2020 Plan” Community Engagement  Expand our commitment to downtown Louisville and support all Kentucky cities through the City Solutions Center  Achieve the 13 goals of the West Louisville Signature Partnership to reduce disparities in education, health, economic and social conditions

15 “The 2020 Plan” Diversity, Opportunity and Social Justice  Be the leader nationally in preparing students to live and work in a global society, with particular emphasis on cultural diversity, international studies, and social justice

16 “The 2020 Plan” Creative and Responsible Stewardship  Increase our endowment from $796.8M to $1.5B in 2014 and $3B in 2020  Spur economic development in Louisville and Kentucky through the commercialization of research at our business development and commercialization enterprises (Nucleus, Metacyte, Haymarket, Shelby Campus) and the recruitment of new businesses

17 The 2020 Plan Allows Us to  Keep momentum  Keep moving forward While dealing with Bad and Ugly!

18 The Bad SOURCE: Center on Budget and Policy Priorities 12/23/08 44 States Face Budget Shortfalls

19 The Bad Employment in Kentucky Has Dropped Since September 2008 (Nonfarm employment in thousands) Jan ,814.8 Jan ,839.8 Nov ,857.4

20 The Bad Manufacturing Employment in Kentucky Has Dropped Since 2000 (Manufacturing employment in thousands)

21 And Now the Ugly (Real Ugly!)

22 Governor’s Midyear Budget Proposal  Revenue shortfall -- $456M this year?  State units ↓ 4% │ Universities 2% if...  Cigarette tax increase 70¢ to $1 per pack  Will cuts be recurring?  The forecast for next year is problematic

23 So a New Challenge  Keep momentum – budget cuts  Keep moving forward – budget cuts  Look for light at the end of the tunnel – continuing  Weak economy

24 How, You Say?  Efficiency  Underperforming assets  Clinical operations  Private partnerships  Fundraising  Research commercialization  Being smart  TIF

25 Other Issues?