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BUSINESS PLAN
Building a Financial Structure
to Achieve Enterprise Goals
September 2013John Haeger, President
Laura Huenne...
DEFINING THE INSTITUTION
WHAT WE ARE, WHAT WE ARE NOT
2
Office of the President
MISSION FOCUS
3
To provide an outstanding
undergraduate residential
education strengthened by
rese...
Office of the President
Basic Carnegie Classification
Number of Institutions Enrollment
Public Private not-for-profit Priv...
Office of the President
5
FY
2012
R&D
Expenditures
Ph.D.
Degrees
UA $625M 417
ASU $386M 442
NAU $28M 26
Office of the President
EVOLUTION OF ARIZONA UNIVERSITY SYSTEM
Office of the President
7
The Arizona Higher Education Enterprise
Northern Arizona University
NAU Flagstaff NAU Regional
C...
KEY METRICS
WHERE WE ARE, WHERE WE ARE GOING
8
Office of the President
NAU 2020 GOALS
9
Research expenditures
$43.4M
Undergraduate
enrollment
25,531
Undergraduate online...
Office of the President
2020 ENTERPRISE METRICS
Overall on track to meet NAU’s 2020 goals
10
May exceed:
• Undergraduate e...
Office of the President
GRADUATION RATES
11
12.6%
3.9%
2.0%
10.6%
49.1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
6 years lat...
COMPARISONS WITH PEERS
12
Office of the President
• University of Maine - Orono
• Old Dominion University - Norfolk, VA
• Georgia State University -...
Office of the President
COMPARISON WITH PEERS – 6-YEAR
GRADUATION RATE
14
0%
10%
20%
30%
40%
50%
60%
70%
Cohort 2005 (grad...
Office of the President
15
NAU
Bachelor’s Degrees
(2010-2011)
ENROLLMENT, TUITION,
DEGREES
0 10,000 20,000 30,000 40,000
T...
Office of the President
DISTINCTIVE CHARACTERISTICS
16
Research
Finances
Access
Undergraduate
Education
• Core of universi...
Office of the President
ENROLLMENT GROWTH DETAIL
17
Flagstaff
Community
Campuses
Online
Yuma
26,606 (+40%)
Headcount:
Low ...
Office of the President
STUDENT PROFILE: DEMOGRAPHICS
18
Flagstaff Community Campuses Online
Female 55% 67% 73%
AZ Residen...
Office of the President
DISTINCTIVE CHARACTERISTICS
19
Research
Finances
Access
Undergraduate
Education
• Core of universi...
Office of the President
• Serving students off-campus for
more than three decades
– 32 community campuses
(up from 22 in 2...
Office of the President
PERSONALIZED LEARNING
To enable motivated adult students to earn a high quality
degree more effici...
Office of the President
EXPANDING TRANSFER STUDENT PIPELINE
2NAU programs growing rapidly
• Arizona Western College
• Cent...
Office of the President
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
Flagstaff (Ple...
Office of the President
NEW NAU TRANSFER STUDENTS FROM
ARIZONA COMMUNITY COLLEGES
24
1,540
2,376
0
500
1,000
1,500
2,000
2...
Office of the President
FUNDING CHANGES SINCE 2003
25
41%
38%
23%
20%
25%
38%
2003 2008 2013
Fiscal Year
Tuition and fees ...
Office of the President
REVENUE SOURCES
26
State Gen'l
Fund,
$107M,
23%
Tuition &
Fees,
$173M,
38%Grants &
Contracts,
$40M...
Office of the President
FY 2013 EXPENDITURES (Unaudited, in millions)
Instruction, $142M,
40%
Academic Support,
$32M, 9%
S...
Office of the President
28
DECISION MAKING PROCESS
•President
•Provost and VPs
•Leadership Day
•Strategic Planning
and Bud...
Office of the President
BUSINESS PLAN STRATEGY (JUNE 2012)
• More effective use of technology on the academic side
– Perso...
FINANCIALS
30
Office of the President
DISTINCTIVE CHARACTERISTICS
31
Research
Finances
Access
Undergraduate
Education
• Core of universi...
Office of the President
FINANCIAL HIGHLIGHTS FY 2013
• Total assets: $1B+
– Net Assets: +$14M
• Total Revenue Sources: $46...
Office of the President
AUXILIARY SERVICES
High Country Conference Center
FY-2010 FY-2011 FY-2012
Number of
Meetings/Event...
Office of the President
CHANGE IN STATE FISCAL SUPPORT OF
HIGHER EDUCATION
(PER $1,000 OF STATE PERSONAL INCOME: FY 1980- ...
Office of the President
NET TUITION/FEE AND STATE APPROPRIATION REVENUE
35
$253
$248
$255
$276
$262
$200
$210
$220
$230
$2...
Office of the President
36
$0
$20,000
$40,000
$60,000
$80,000
Note: FY 2011 data because later peer data is unavailable. N...
Office of the President
INVESTMENTS WITH STATE APPROPRIATIONS
AND/OR TUITION AND FEES
• Growth in new programs such as hea...
Office of the President
TUITION DIFFERENTIATION
38
Resident Tuition + Fees (Starting Fall 2013)
Undergraduate
Flagstaff Pl...
Office of the President
EDUCATIONAL & GENERAL
EXPENDITURES PER FTE
39
15,500
16,000
16,500
17,000
17,500
18,000
18,500
19,...
Office of the President
SCENARIO PLANNING TO MEET 2020 GOALS
40
Financial Templates A,B,C linked to input models that
allo...
Office of the President
BUDGET PLANNING SCENARIOS:
2020 GOALS ACHIEVABLE
41
State
Appropriation at
FY15 Base + 50%
Perform...
Office of the President
TESTING OTHER SCENARIOS
• Bad Case Scenario
– 0% Performance FY16-FY20
– 3% PLEDGE
– ~ 200 Enrollm...
Office of the President
43
State General
Fund,
$161M
25%
Tuition &
Fees, $248M,
39%
Grants and
Contracts,
$56M, 9%
Federal...
Office of the President
0%
20%
40%
60%
80%
100%
120%
140%
160%
2006 2007 2008 2009 2010 2011 2012
Change in Space Change i...
Office of the President
PROJECTED DEBT SERVICE
FY Debt Capacity Projection (Without SPEED)
2013 $ 215,000,000
2014 $ 170,0...
Office of the President
46
South
Campus
North
Campus
Office of the President
Science and Health Phase II Student and Academic Support Building
Aquatics and Tennis Center Scien...
ACADEMIC AFFAIRS
48
Office of the President
DISTINCTIVE CHARACTERISTICS
49
Research
Finances
Access
Undergraduate
Education
• Core of universi...
Office of the President
ACADEMIC PROGRAMS LINKED
TO OVERALL BUDGET STRATEGY
Mission
and
Finances
Retention/
Student
Succes...
Office of the President
RETENTION
5% retention rate
increase = additional
$6M in tuition
revenue annually
51
65.7%
67.2%
6...
Office of the President
UNIVERSITY COLLEGE
• Faculty focused on first-year student
experience
– First-Year Learning Initia...
Office of the President
PARTNERSHIP WITH ENROLLMENT MANAGEMENT
AND STUDENT AFFAIRS
• Residential Learning Communities
– 32...
Office of the President
IMPROVING EARLY MATHEMATICS
PERFORMANCE = KEY TO EARLY SUCCESS
• Students
– Spend most time on spe...
Office of the President
TECHNOLOGY INNOVATION FUND
55
• Supporting faculty to develop blended 100-200 level
large-enrollme...
Office of the President
CURRICULAR DESIGN AND ASSESSMENT
• The only four-year university nationwide receiving a 2009
Counc...
Office of the President
GLOBAL EDUCATION STRATEGY
• Internationalization attracting additional student
population and reve...
Office of the President
HEALTH PROFESSIONS
• Accept up to 90 community college credits from the RN program to the BSN
• Un...
Office of the President
PHOENIX BIOMEDICAL CENTER
• Arizona public universities working
together to share faculty, facilit...
Office of the President
GROWTH IN HEALTH PROFESSIONS
AND RELATED FIELDS
• High demand programs
• Anticipated to be
revenue...
Office of the President
61
STEM GROWTH
0
200
400
600
800
1,000
1,200
2008 2009 2012 2013
STEM Degrees Awarded
Graduate Und...
Office of the President
UNDERGRADUATE ENGAGEMENT IN RESEARCH:
HIGH-IMPACT STUDENT-FACULTY RELATIONSHIPS
• Independent rese...
Office of the President
April 26, 2013 at Walkup Skydome
• 627 presentations
• 1,110 individual students
• 177 faculty men...
RESEARCH FOCUS
64
Office of the President
DISTINCTIVE CHARACTERISTICS
65
Research
Finances
Access
Undergraduate
Education
• Core of universi...
Office of the President
WHEN WE TALK ABOUT RESEARCH…
• Discovery Research
• Public Service
• Instruction-related
66
Office of the President
NAU’S SPONSORED PROJECTS PROFILE IS UNIQUE
IN THE ARIZONA SYSTEM
Data: FY 2012
$386M
91%
$37,5M
9%...
Office of the President
METRICS
68
FY Intellectual Property Income U.S. Patents Issued Invention Disclosures Transacted
20...
Office of the President
$0 $20 $40 $60 $80 $100 $120
Millions
69
COMPARISON WITH PEERS
2011 NSF RESEARCH EXPENDITURES
NAU
...
Office of the President
TOP 10 FUNDING AGENCIES:
JULY 2010 – JUNE 2013
70
Sponsor Dollars Awarded New Awards
U.S. Departme...
Office of the President
RESEARCH SUCCESSES
• NIH grants focused on Native American cancer research
• NSF grant to develop ...
Office of the President
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
1. Research Expenditures
10-year Trend
460
480
5...
Office of the President
STRATEGIES FOR 2020 SUCCESS
Research
Expenditures
Ph.D. Degrees
Awarded
Invention
Disclosures
U.S....
Office of the President
FUTURE OF RESEARCH AT NAU
• Fostering Partnerships
– FMC, TGen North, Lowell/U.S. Naval Observator...
Office of the President
PUBLIC SERVICE
• Arizona Rural Policy Institute
• The Center for American Indian Economic Developm...
Office of the President
SPONSORED PROJECTS RELATED TO INSTRUCTION
76
• Improving teaching skills of existing
teachers and ...
NAU FOUNDATION
77
Office of the President
NAU FOUNDATION
The mission of the Northern Arizona University
Foundation, Inc. is to promote the U...
Office of the President
FINANCIAL FRAMEWORK
• Assets under advisement - $110M, doubled
in size in last 7 years
• FY 13 Ret...
Office of the President
NAU FOUNDATION ENDOWMENT
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
Endowment Level 2012 in Mi...
Office of the President
ORGANIZATIONAL FRAMEWORK
• Founded in 1959
• 34 member board of directors, current chair Hank Peck...
Office of the President
BOARD STRUCTURE
• Board Committees: 7
– Executive
– Investment
– Audit
– Finance
– Directors
– Dev...
Office of the President
FUNDRAISING ACTIVITY
• Major Gift Officers – 6
• Corporate and Foundation Relations – 2
• Planned ...
Office of the President
“ONLY AT NAU” CAMPAIGN
• Comprehensive campaign
• Started counting in July 2009
• Public phase beg...
Office of the President
WHAT OUR DONORS SUPPORT
0%
5%
10%
15%
20%
25%
30%
35%
Program
Support
Athletics Faculty
Support
Br...
Office of the President
NORTHERN ARIZONA REAL ESTATE HOLDINGS
• Direct investment of Foundation
Assets to fund two buildin...
Office of the President
NAU VENTURES
• Supports University activity to commercialize
intellectual property
– Provides mark...
CONCLUSION
88
Office of the President
ALIGNMENT WITH ABOR GOALS
• University College/ FYLI
• Lumberjack Mathematics
Center
• Student Suc...
Office of the President
PARTNERSHIPS
90
Office of the President
NAU ATHLETICS: A REGIONAL ASSET
• 2.7% of total NAU expenditures
• NAU Athletics activities contri...
Office of the President
NAU’S TOTAL ECONOMIC IMPACT IN ARIZONA
(DIRECT, INDIRECT + INDUCED)
92
$610
$806
$152
$214
$225
$4...
Office of the President
TRENDS
Conditions
• More students
• More efficient use of
faculty time
• Less state funding
• Limi...
Office of the President
94
1: e-Advising
2: Evidence-based pedagogy
3: The decline of the lone-eagle teaching approach
4: ...
Office of the President
THANK YOU
95
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NAU's Business Plan presented to ABOR by the university president Dr. Haeger

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My latest presentation I put together for the university president on how the university financials tie to the organizational mission and strategic goals. Every year the university president presents a so-called business plan to the Arizona Board of Regents on the directions the university is taking.

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Transcript of "NAU's Business Plan presented to ABOR by the university president Dr. Haeger"

  1. 1. BUSINESS PLAN Building a Financial Structure to Achieve Enterprise Goals September 2013John Haeger, President Laura Huenneke, Provost Jennus Burton, VP-Finance & Administration Mason Gerety, VP-Advancement
  2. 2. DEFINING THE INSTITUTION WHAT WE ARE, WHAT WE ARE NOT 2
  3. 3. Office of the President MISSION FOCUS 3 To provide an outstanding undergraduate residential education strengthened by research, graduate and professional programs, and sophisticated methods of distance delivery and innovative new campuses and programs throughout the state.
  4. 4. Office of the President Basic Carnegie Classification Number of Institutions Enrollment Public Private not-for-profit Private for-profit Total Public Doctorate-granting Universities Very High Research 73 35 0 108 2,283,130 High Research 74 25 0 99 1,430,008 Doctoral 30 49 11 90 401,662 Master’s Colleges and Universities 271 380 73 724 2,590,603 Baccalaureate Colleges 137 534 139 810 485,492 Special Focus Institutions 41 569 241 851 77,417 Tribal Colleges 24 8 0 32 14,591 Community Colleges 1054 114 752 1,920 7,625,324
  5. 5. Office of the President 5 FY 2012 R&D Expenditures Ph.D. Degrees UA $625M 417 ASU $386M 442 NAU $28M 26
  6. 6. Office of the President EVOLUTION OF ARIZONA UNIVERSITY SYSTEM
  7. 7. Office of the President 7 The Arizona Higher Education Enterprise Northern Arizona University NAU Flagstaff NAU Regional Campuses NAU Learning Centers NAU Online NAU Foundation • High Research • Yuma: Master’s Level • Phoenix Medical Campus: Master’s Level • Personalized Learning • Northern Arizona Real Estate Holdings, LLC • Yavapai: Bachelor’s Level • 32 Community Centers: EdD/DPT/ Master’s Level • NAU Ventures, LLC
  8. 8. KEY METRICS WHERE WE ARE, WHERE WE ARE GOING 8
  9. 9. Office of the President NAU 2020 GOALS 9 Research expenditures $43.4M Undergraduate enrollment 25,531 Undergraduate online degrees 810 Comm college to bachelor's 2,300 Comm college transfers 3,800 6-year graduation 60% Freshman retention 78% Annual bachelor's 4,900 $28.1M 21,560 425 1,525 2,606 49.1% 76.1% 4,207 $26.1M 16,654 253 1,035 1,917 50% 71.5% 3,151 2020 Goals 2012 Actuals 2008 Actuals
  10. 10. Office of the President 2020 ENTERPRISE METRICS Overall on track to meet NAU’s 2020 goals 10 May exceed: • Undergraduate enrollment • Bachelor’s degrees • Retention rate • STEM degrees Metrics to watch: • Research and public expenditures • Cost of attendance • Online degrees • Graduate degrees
  11. 11. Office of the President GRADUATION RATES 11 12.6% 3.9% 2.0% 10.6% 49.1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 6 years later First-time Full-time Cohort Starting Fall 2006 Graduated from NAU Graduated at another 4-year institution Graduated with a 2-year degree Still enrolled at NAU Still enrolled at another institution 78.2% 47.0% 48.1% 52.6% 50.0% 49.2% 51.9% 49.1% 30% 35% 40% 45% 50% 55% 2000 2001 2002 2003 2004 2005 2006 Cohort Year Six-year Graduation Rate First-time Full-time Cohort
  12. 12. COMPARISONS WITH PEERS 12
  13. 13. Office of the President • University of Maine - Orono • Old Dominion University - Norfolk, VA • Georgia State University - Atlanta • George Mason University - Fairfax, VA • Southern Illinois University - Carbondale • University of Akron - OH • Ohio University - Athens • University of Alabama - Tuscaloosa • Wichita State University - KS • University of Nevada - Las Vegas • Kent State University - OH • University of North Carolina - Greensboro • Western Michigan University - Kalamazoo • Northern Illinois University - DeKalb • Bowling Green State University - OH PEER INSTITUTIONS
  14. 14. Office of the President COMPARISON WITH PEERS – 6-YEAR GRADUATION RATE 14 0% 10% 20% 30% 40% 50% 60% 70% Cohort 2005 (graduated by fall 2011) where available, otherwise 2004 (graduated by fall 2010)
  15. 15. Office of the President 15 NAU Bachelor’s Degrees (2010-2011) ENROLLMENT, TUITION, DEGREES 0 10,000 20,000 30,000 40,000 Total Enrollment (Fall 2011) Data: Latest available for all - IPEDS $0 $5,000 $10,000 $15,000 Resident Tuition (2011-2012) NAU 0 1,000 2,000 3,000 4,000 5,000 NAU
  16. 16. Office of the President DISTINCTIVE CHARACTERISTICS 16 Research Finances Access Undergraduate Education • Core of university mission • Highly residential main campus • Significant international student population • High-engagement, high-impact classes • First generation students • Pell grant recipients • Undergraduate students in research • Nationally recognized selective areas of excellence • Regional roots, global impact • Lower research expenditures • Mostly federal and state funded grants and contracts • Public Service • Mostly dependent on tuition revenue and state funding • Reduced tuition revenue per student • Lower financial aid award levels • Less in foundation and endowment dollars • Significant off-main campus student population • Extensive network of community campuses • High producer of online degrees • Older students, rural areas • Low-cost options: Personalized Learning, NAU Yavapai, NAU Yuma
  17. 17. Office of the President ENROLLMENT GROWTH DETAIL 17 Flagstaff Community Campuses Online Yuma 26,606 (+40%) Headcount: Low Point in 2005: 19,069 13,027 13,082 12,717 13,443 13,989 14,766 16,032 17,529 17,761 18,292 19,320 5,048 4,745 4,359 4,638 4,492 4,517 4,230 4,033 3,670 3,360 2,947 462 877 1,318 1,780 2,228 2,593 2,662 2,956 3,293 3,759 3,798 662 722 675 701 643 631 676 686 640 591 541 0 5,000 10,000 15,000 20,000 25,000 30,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Flagstaff Statewide Online Yuma
  18. 18. Office of the President STUDENT PROFILE: DEMOGRAPHICS 18 Flagstaff Community Campuses Online Female 55% 67% 73% AZ Resident 65% 99% 87% Under 21 55% 2% 2% Over 30 7% 51% 60% Flagstaff: • 40% first generation • 1060 average SAT Asian American (4%) African American (4%) Hispanic American (16%) Native American (5%) Native Hawaiian (1%) White (65%) Internation al (4%) Declared Ethnicity All Campuses
  19. 19. Office of the President DISTINCTIVE CHARACTERISTICS 19 Research Finances Access Undergraduate Education • Core of university mission • Highly residential main campus • Significant international student population • High-engagement, high-impact classes • First generation students • Pell grant recipients • Undergraduate students in research • Nationally recognized selective areas of excellence • Regional roots, global impact • Lower research expenditures • Mostly federal and state funded grants and contracts • Public Service • Mostly dependent on tuition revenue and state funding • Reduced tuition revenue per student • Lower financial aid award levels • Less in foundation and endowment dollars • Significant off-main campus student population • Extensive network of community campuses • High producer of online degrees • Older students, rural areas • Low-cost options: Personalized Learning, NAU Yavapai, NAU Yuma
  20. 20. Office of the President • Serving students off-campus for more than three decades – 32 community campuses (up from 22 in 2003) – 70+ in-person or blended programs • 80+ online programs • Fourteen 90/30 programs • Joint admissions • Three-year bachelor’s degrees at NAU Yavapai SCOPE OF STATEWIDE MISSION 20 Nontraditional students • Age 28-45 • Primarily female • Some college experience • Degree completion for career advancement • Decision factors: desired program offered, affordability, convenience, acceptance of transfer credits, reputation
  21. 21. Office of the President PERSONALIZED LEARNING To enable motivated adult students to earn a high quality degree more efficiently and at a lower cost by customizing coursework to fit individual learning styles and previously acquired knowledge. Serving adult learners Addressing cost and time barriers to attain a degree Learning and credentialing opportunities for rural Arizona Programs: • Liberal Arts • Small Business Administration • Computer Information Technology • Competency-based • Self-paced • Mentored • Flexible • $5,000 per year/ no additional cost or fees
  22. 22. Office of the President EXPANDING TRANSFER STUDENT PIPELINE 2NAU programs growing rapidly • Arizona Western College • Central Arizona College • Cochise College • Coconino Community College • Eastern Arizona College • Maricopa Community Colleges • Mohave Community College • Pima Community College • Yavapai College 102 256 485 1,067 1,600 0 500 1,000 1,500 2,000 2009 2010 2011 2012 2013 2NAU New Enrollment
  23. 23. Office of the President $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 Flagstaff (Pledge) Statewide 2NAU Yavapai Transportation/Personal Room and Board Books and Supplies Fees Tuition STUDENT COST OF BACHELOR’S DEGREE: LOWER COST OPTIONS 23 4 years at NAU Statewide (Community Campus) 4 years at Flagstaff Campus Note: Students starting in Fall 2013; statewide and Yavapai tuition annual increases assumed as 4.5% level 3 years at NAU Yavapai 2 years at Community College + 2 years at NAU Statewide)
  24. 24. Office of the President NEW NAU TRANSFER STUDENTS FROM ARIZONA COMMUNITY COLLEGES 24 1,540 2,376 0 500 1,000 1,500 2,000 2,500 3,000 2006 2007 2008 2009 2010 2011 Growth: +54% Top Programs: • Business • Education • Health Professions • Liberal Arts 1,044 1,525 1,980 2,300 0 1,000 2,000 3,000 2008 2009 2010 2011 2012 2018 2020 Projected Actual Enrollment Degrees
  25. 25. Office of the President FUNDING CHANGES SINCE 2003 25 41% 38% 23% 20% 25% 38% 2003 2008 2013 Fiscal Year Tuition and fees as % of total sources of funds State appropriation as % of total sources of funds Source: Audited University Financial Reports (2003, 2008), Estimated 2013
  26. 26. Office of the President REVENUE SOURCES 26 State Gen'l Fund, $107M, 23% Tuition & Fees, $173M, 38%Grants & Contracts, $40M, 9% Federal Financial Aid, $37M, 8% Private Gifts, $13M, 3% TRIF, $12M, 2% Auxiliary Revenue, $51M, 11% Other Revenue, $27M, 6% FY 2013 Actual*/ $460M Student Headcount: 26,002 State Gen'l Fund, $109M , 23% Tuition & Fees, $180M , 39% Grants & Contracts, $42M, 9% Federal Financial Aid, $37M, 8% Private Gifts, $13M, 3% TRIF, $11M , 2% Auxiliary Revenue, $51M , 11% Other Revenue, $24M , 5% FY 2014 Original Budget/ $467M Student Headcount: 26,606 * unaudited
  27. 27. Office of the President FY 2013 EXPENDITURES (Unaudited, in millions) Instruction, $142M, 40% Academic Support, $32M, 9% Student Services, $40M, 11% Institutional Support, $46M, 13% Public Service, $27M, 8% Research, $20M, 6% Operation and maintenance of plant, $23M, 6% Scholarships and Fellowships , $24M, 7% 27 Instruction, Academic Support and Student Support = 60% of Expenditures
  28. 28. Office of the President 28 DECISION MAKING PROCESS •President •Provost and VPs •Leadership Day •Strategic Planning and Budget Council • ABOR Strategic Plan = planning foundation • NAU Strategic Plan = planning framework to provide directions to the university divisions • Funding decisions are made as the certainty about the level of state appropriation (spring) and the tuition and fees revenue (fall) increases. • Priorities may shift during the year based on the changing conditions.
  29. 29. Office of the President BUSINESS PLAN STRATEGY (JUNE 2012) • More effective use of technology on the academic side – Personalized Learning • Diversify enrollment mix – International students – Out-of-state students • University enterprises supplement state appropriation and tuition – Goal to decrease Athletics subsidy (currently at $5.45M) – Revenue-producing programs • Diversify academic programming to meet state needs and to reduce subsidies 29
  30. 30. FINANCIALS 30
  31. 31. Office of the President DISTINCTIVE CHARACTERISTICS 31 Research Finances Access Undergraduate Education • Core of university mission • Highly residential main campus • Significant international student population • High-engagement, high-impact classes • First generation students • Pell grant recipients • Undergraduate students in research • Nationally recognized selective areas of excellence • Regional roots, global impact • Lower research expenditures • Mostly federal and state funded grants and contracts • Public Service • Mostly dependent on tuition revenue and state funding • Reduced tuition revenue per student • Lower financial aid award levels • Less in foundation and endowment dollars • Significant off-main campus student population • Extensive network of community campuses • High producer of online degrees • Older students, rural areas • Low-cost options: Personalized Learning, NAU Yavapai, NAU Yuma
  32. 32. Office of the President FINANCIAL HIGHLIGHTS FY 2013 • Total assets: $1B+ – Net Assets: +$14M • Total Revenue Sources: $463.1M (+5.3% over budget) • Total Expenses: $455.8M (+2% over budget) • Monthly Days Cash On Hand: 150 Days • The FY13 Debt Ratio: 5.43% (without SPEED)/ 5.98% (with SPEED) – Maximum allowed is 8% 32 • Debt Capacity is $215 million – NAU plans to use $45 million for the Aquatic/Tennis Center Project in March/April 2014 with Board approval, and JCCR favorable review – Debt Capacity estimated at June 30, 2014: $170 million
  33. 33. Office of the President AUXILIARY SERVICES High Country Conference Center FY-2010 FY-2011 FY-2012 Number of Meetings/Events 335 508 589 Total Annual Attendance 40,512 46,678 51,435 Annual Gross Revenue (in $M) $1.70 $1.98 $2.26 33 Drury Inn Hotel • Flagstaff is the best performing “Inn and Suites” in the Chain with 164 rooms; • Close to 100% occupancy consistently from May to September of each year; • Produces $60,000 annually to NAU as a result of the partnership. Bookstore – Follett FY-2011 FY-2012 FY-2013 Annual Net Revenue $863,057 $877,933 $891,822 Dining and Vending Services ($ in Millions) FY-2010 FY-2011 FY-2012 Gross Revenues $6.0 $5.7 $5.5 American Campus Communities – Residence Halls Ground Lease Gross Revenues FY 2013: • Hilltop $345,000 • Suites $250,000 Move-in 2013
  34. 34. Office of the President CHANGE IN STATE FISCAL SUPPORT OF HIGHER EDUCATION (PER $1,000 OF STATE PERSONAL INCOME: FY 1980- FY 2013) 34 -69.9%-80% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% Wyoming NorthDakota NorthCarolina Arkansas Georgia Indiana Illinois WestVirginia Nebraska NewMexico Maine Kentucky Oklahoma Maryland Ohio Connecticut Alabama Mississippi Hawaii NewJersey Alaska Nevada Louisiana Tennessee Delaware Montana Utah Iowa Idaho NewYork Kansas Washington SouthDakota Texas Missouri Florida Massachusetts Michigan Pennsylvania Virginia Vermont Wisconsin California Minnesota Oregon RhodeIsland SouthCarolina NewHampshire Arizona Colorado ARIZONA U.S. = -46.8% Source: Postsecondary Education Opportunity, February 2013
  35. 35. Office of the President NET TUITION/FEE AND STATE APPROPRIATION REVENUE 35 $253 $248 $255 $276 $262 $200 $210 $220 $230 $240 $250 $260 $270 $280 FY 08 FY 09 FY 10 FY 11 FY 12 Net Tuition & Fee and State Appropriation Revenue $51,232 $48,793 $47,584 $47,865 $43,279 $35,000 $40,000 $45,000 $50,000 $55,000 FY 08 FY 09 FY 10 FY 11 FY 12 Net Tuition & Fee and State Appropriation per Degree -16% +3% InMillions 4,933 5,076 5,356 5,761 6,043 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 FY 08 FY 09 FY 10 FY 11 FY 12 Degrees Awarded +23%
  36. 36. Office of the President 36 $0 $20,000 $40,000 $60,000 $80,000 Note: FY 2011 data because later peer data is unavailable. NAU's state appropriations fell $30M in FY 2012 and the support per degree fell by approximately $4,500. FY 2011 ABOR PEER NET TUITION & FEE AND STATE APPROPRIATION PER DEGREE
  37. 37. Office of the President INVESTMENTS WITH STATE APPROPRIATIONS AND/OR TUITION AND FEES • Growth in new programs such as health professions and Personalized Learning • New learning technologies that should reduce NAU’s overall fixed cost base • Continue investing in other learning modalities such as 2NAU programs, NAU Yavapai, and NAU Yuma • Maintenance of existing facilities in lieu of building renewal resources that the state has discontinued • Faculty and staff retention • New instructional faculty and tenure-track positions to enhance learning and invest in research • New facilities to support learning, recreation, and replace deteriorating facilities 37 Bringing faculty and staff salaries to market: $36.8M Building Renewal: $12M Deferred Maintenance: $108.7M* *FY15-FY17 CIP
  38. 38. Office of the President TUITION DIFFERENTIATION 38 Resident Tuition + Fees (Starting Fall 2013) Undergraduate Flagstaff Pledge $ 9,740 Extended Campuses $ 6,706 Yuma $ 6,706 Yavapai $ 5,098 Personalized Learning $ 5,000 Graduate Flagstaff $ 8,770 Extended Campuses $ 8,158 Yuma $ 8,158
  39. 39. Office of the President EDUCATIONAL & GENERAL EXPENDITURES PER FTE 39 15,500 16,000 16,500 17,000 17,500 18,000 18,500 19,000 19,500 FY 2008 FY 2009 FY 2010 FY 2011 NAU Peer Median Source: IPEDS, BD Staff-LD, 7/2013
  40. 40. Office of the President SCENARIO PLANNING TO MEET 2020 GOALS 40 Financial Templates A,B,C linked to input models that allow testing of many potential scenarios Input Variables  Enrollment  Tuition Rates  State Appropriations  Other Revenues  Expenditures  Personalized Learning Evaluating Model Results in Relation to 2020 Goals  Ability to achieve 2020 metrics  Contingency planning for negative scenarios
  41. 41. Office of the President BUDGET PLANNING SCENARIOS: 2020 GOALS ACHIEVABLE 41 State Appropriation at FY15 Base + 50% Performance Parity Tuition Pledge: 3% Growth Enrollment Growth Personalized Learning Growth (600 annually) FY 15 FY 16 - FY20 Total Revenues Total Expenditures Net Assets E&G Expenditures Per FTE Personalized Learning Gross Tuition Revenue FY 2020 $648.4M $642.7M +$6M Median of FY 11 Peer Level: $19,081 $10M (FY 14 Revenue = $467M)
  42. 42. Office of the President TESTING OTHER SCENARIOS • Bad Case Scenario – 0% Performance FY16-FY20 – 3% PLEDGE – ~ 200 Enrollment Decline = Large Negative Net Assets; Reduction in Expenditures; Difficult to Achieve Metrics 42 • Better Case Scenario – 25% Performance FY16-FY20 – 3% Pledge – No Enrollment Decline = Small Negative Net Assets; Grow Revenue; Achieve Many Metrics
  43. 43. Office of the President 43 State General Fund, $161M 25% Tuition & Fees, $248M, 39% Grants and Contracts, $56M, 9% Federal Financial Aid, $44M, 7% Private Gifts, $16M, 2% TRIF, $12M, 2% Auxiliary Revenue, $67M, 10% Other Revenue, $38M, 6% Student Headcount: ~30,000 FY 2013 & FY 2020 BUDGET SCENARIOS FY 2020/ $648M State Gen'l Fund, $107M , 23% Tuition & Fees, $173M, 38%Grants & Contracts, $40M, 9% Federal Financial Aid, $37M, 8% Private Gifts, $13M, 3% TRIF, $12M, 2% Auxiliary Revenue, $51M, 11% Other Revenue, $27M, 6% FY 2013 Actual*/ $460M Student Headcount: 26,002
  44. 44. Office of the President 0% 20% 40% 60% 80% 100% 120% 140% 160% 2006 2007 2008 2009 2010 2011 2012 Change in Space Change in Enrollment 0% 20% 40% 60% 80% 100% 120% 140% 160% 2006 2007 2008 2009 2010 2011 2012 Change in Space Change in Enrollment Peers GROWTH IN SPACE VS. GROWTH IN ENROLLMENT NAU has seen more growth than peers, especially in enrollment Northern Arizona University
  45. 45. Office of the President PROJECTED DEBT SERVICE FY Debt Capacity Projection (Without SPEED) 2013 $ 215,000,000 2014 $ 170,000,000 2020 $ 310,000,000 With growth in student enrollment, expenditures increase and subsequently the university’s debt service capacity goes up as well.
  46. 46. Office of the President 46 South Campus North Campus
  47. 47. Office of the President Science and Health Phase II Student and Academic Support Building Aquatics and Tennis Center Science and Health Phase I SPACE NEEDS
  48. 48. ACADEMIC AFFAIRS 48
  49. 49. Office of the President DISTINCTIVE CHARACTERISTICS 49 Research Finances Access Undergraduate Education • Core of university mission • Highly residential main campus • Significant international student population • High-engagement, high-impact classes • First generation students • Pell grant recipients • Undergraduate students in research • Nationally recognized selective areas of excellence • Regional roots, global impact • Lower research expenditures • Mostly federal and state funded grants and contracts • Public Service • Mostly dependent on tuition revenue and state funding • Reduced tuition revenue per student • Lower financial aid award levels • Less in foundation and endowment dollars • Significant off-main campus student population • Extensive network of community campuses • High producer of online degrees • Older students, rural areas • Low-cost options: Personalized Learning, NAU Yavapai, NAU Yuma
  50. 50. Office of the President ACADEMIC PROGRAMS LINKED TO OVERALL BUDGET STRATEGY Mission and Finances Retention/ Student Success Technology/ Faculty Focus/Cost Containment Degree Quality Innovative Programs/ Student Pipeline Distinctive Programs/ Impactful Practices • University College • Supplemental Instruction • Grade Performance Status • Partnership with EMSA • President’s Technology Initiative • Lumberjack Mathematics Center • Blended Learning • Learning Outcomes Defined at Course-, Program-, University-level • Redesign of Gateway Courses • Reporting on Student Learning Outcomes • Personalized Learning • 2NAU Joint Admissions • Health Professions • STEM • Global Education • Nationally Recognized Programs • Undergraduate Engagement in Research
  51. 51. Office of the President RETENTION 5% retention rate increase = additional $6M in tuition revenue annually 51 65.7% 67.2% 69.9% 70.4% 70.1% 71.9% 71.4% 69.3% 72.2% 71.5% 72.8% 76.1% 60% 65% 70% 75% 80% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Cohort Year One-year Retention Rate First-time Full-time Freshman Cohort
  52. 52. Office of the President UNIVERSITY COLLEGE • Faculty focused on first-year student experience – First-Year Learning Initiative (FYLI): key courses redesigned to foster student development and success (98% of incoming FTFT students) • Gateway Student Success Center • Academic transition programs – Peak Performance Summer Program: adaptive math instruction 0 5 10 15 20 25 Before FYLI After FYLI Percent D-Fail-Withdraw (DFW) Retention/ Student Success
  53. 53. Office of the President PARTNERSHIP WITH ENROLLMENT MANAGEMENT AND STUDENT AFFAIRS • Residential Learning Communities – 32 communities, 786 students, 15 majors from 6 colleges, 7 interest-based • New College-based Learning Communities • Peer Jacks, coaching programs • Student Learning Centers • Student Life • Collaboration in retention programs and analyses Retention/ Student Success
  54. 54. Office of the President IMPROVING EARLY MATHEMATICS PERFORMANCE = KEY TO EARLY SUCCESS • Students – Spend most time on specific competencies – Spend more time on what they don’t understand – Receive assistance when they encounter problems – Participate in scheduled activities and assessments – Accelerate completion 54 0 200 400 600 800 1,000 1,200 Fall '12 Spring '13 Fall '13 Lumberjack Mathematics Center Enrollments Fall '12 to Fall '13 MAT 100 MAT 108 MAT 114 MAT 125 Technology/ Faculty Focus/Cost Containment
  55. 55. Office of the President TECHNOLOGY INNOVATION FUND 55 • Supporting faculty to develop blended 100-200 level large-enrollment classes • 12 courses (humanities, social science, engineering, science labs) • Flipped classes • Partnerships Technology/ Faculty Focus/Cost Containment Example: CENE 180L (Mechanics of Materials) • Students: from bystanders to participants • Reduction of lab sections: from 8 per week to 4 every 2 weeks • Cost reduction: from $25,000/year in staff and materials to $12,000/ year • Reduction in staff hours: from 900 to 300 per year
  56. 56. Office of the President CURRICULAR DESIGN AND ASSESSMENT • The only four-year university nationwide receiving a 2009 Council for Higher Education Accreditation Award • University-wide learning outcomes (including Liberal Studies, Global Learning) mandated by Faculty Senate • Participation in Proficiency Profile, Voluntary System of Accountability • Curriculum design based on articulation of course and program learning outcomes Degree Quality
  57. 57. Office of the President GLOBAL EDUCATION STRATEGY • Internationalization attracting additional student population and revenues • Global Learning outcomes for every undergraduate degree program • Global engagement opportunities benefiting more students – Study abroad – International research – Global Science & Engineering program (54% women) • a B.S. in a STEM discipline • a B.A. in a foreign language • the NAU International Engineering and Natural Science Certificate • extensive real-world international professional experience 0 200 400 600 800 1,000 1,200 International Student Enrollment All others South Korea Germany Saudi Arabia China Distinctive Programs/ Impactful Practices Additional 1,000 international students = ̴$9M tuition revenue
  58. 58. Office of the President HEALTH PROFESSIONS • Accept up to 90 community college credits from the RN program to the BSN • Unique concurrent BSN program with Maricopa Community College District • Athletic Training accredited in 2005; future focused on graduate programming • Biomedical Sciences degree (in Biology) added in fall 2009 • Total enrollment in the College of Health and Human Services increased to 3,358 in fall 2013 (from 1,270 in fall 2003) – Nearly 16% increase since last fall • Technology and statewide sites improve accessibility of health care programs – Nursing programs on the Navajo Reservation (1994), Tucson (2005) and Yuma (2008) – Online RN-to-BSN and Dental Hygiene completion programs – Students with a health-care AAS can complete their BS in Health Sciences Distinctive Programs/ Impactful Practices
  59. 59. Office of the President PHOENIX BIOMEDICAL CENTER • Arizona public universities working together to share faculty, facilities, technology, and supplies to increase high quality affordable healthcare education 59 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Physician Assistant 25 50 75 100 100 100 100 Physical Therapy 24 54 90 106 106 106 106 Occupational Therapy 0 0 20 56 92 108 108 TOTAL 49 104 185 262 298 314 314 • Master’s Degree in Physician Assistant Studies and Doctor of Physical Therapy Degree started in fall 2012 Distinctive Programs/ Impactful Practices Projected Enrollment Growth – Total Headcount
  60. 60. Office of the President GROWTH IN HEALTH PROFESSIONS AND RELATED FIELDS • High demand programs • Anticipated to be revenue neutral • Enrollment growth to drive growth in degrees awarded 60 Note: Enrollment headcount based on CIP identified by Academic Affairs Committee Meeting in February 2013 for performance and enterprise metrics 1,999 2,128 2,267 2,648 257 319 330 366 150 151 143 178 - 500 1,000 1,500 2,000 2,500 3,000 3,500 2010 2011 2012 2013 Enrollment Doctor Master Bachelor Distinctive Programs/ Impactful Practices
  61. 61. Office of the President 61 STEM GROWTH 0 200 400 600 800 1,000 1,200 2008 2009 2012 2013 STEM Degrees Awarded Graduate Undergraduate Distinctive Programs/ Impactful Practices 3,889 4,391 5,101 5,462 5,788 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Fall 2008 Fall 2009 Fall 2010 Fall 2011 Fall 2012 Total STEM Enrollment +49% Strategically focusing on selective, competitively strong graduate programs
  62. 62. Office of the President UNDERGRADUATE ENGAGEMENT IN RESEARCH: HIGH-IMPACT STUDENT-FACULTY RELATIONSHIPS • Independent research and internships: – 1,786 students • First Year Seminar Action Research Teams: – 550 students • Funded UG research programs: – 150 students • Research labs and centers: – 200 students 16% of all undergraduates Distinctive Programs/ Impactful Practices Capstone required in all 87 undergraduate degree programs
  63. 63. Office of the President April 26, 2013 at Walkup Skydome • 627 presentations • 1,110 individual students • 177 faculty mentors Distinctive Programs/ Impactful Practices
  64. 64. RESEARCH FOCUS 64
  65. 65. Office of the President DISTINCTIVE CHARACTERISTICS 65 Research Finances Access Undergraduate Education • Core of university mission • Highly residential main campus • Significant international student population • High-engagement, high-impact classes • First generation students • Pell grant recipients • Undergraduate students in research • Nationally recognized selective areas of excellence • Regional roots, global impact • Lower research expenditures • Mostly federal and state funded grants and contracts • Public Service • Mostly dependent on tuition revenue and state funding • Reduced tuition revenue per student • Lower financial aid award levels • Less in foundation and endowment dollars • Significant off-main campus student population • Extensive network of community campuses • High producer of online degrees • Older students, rural areas • Low-cost options: Personalized Learning, NAU Yavapai, NAU Yuma
  66. 66. Office of the President WHEN WE TALK ABOUT RESEARCH… • Discovery Research • Public Service • Instruction-related 66
  67. 67. Office of the President NAU’S SPONSORED PROJECTS PROFILE IS UNIQUE IN THE ARIZONA SYSTEM Data: FY 2012 $386M 91% $37,5M 9% $625M 89% $77,3M 11% $28M 45% $33,9M 55% Research Public Service
  68. 68. Office of the President METRICS 68 FY Intellectual Property Income U.S. Patents Issued Invention Disclosures Transacted 2009 $0 1 17 2010 $3,000 3 9 2011 $43,000 0 12 2012 $22,277 0 17 Goal 2020 $30,000 3 30 $26,183 $28,100 $43,432 $0 $25,000 $50,000 2009 2010 2011 2012 Goal 2020 Research and Development Expenditures Projected Actual Projected Actual Start-ups 36 26 40 0 10 20 30 40 50 2009 2010 2011 2012 Goal 2020 Ph.D. Degrees Awarded
  69. 69. Office of the President $0 $20 $40 $60 $80 $100 $120 Millions 69 COMPARISON WITH PEERS 2011 NSF RESEARCH EXPENDITURES NAU Data: Latest available for all - IPEDS All Peers Peers with the Most Similar Scope of Research Mission $22 $25 $26 $27 $31 $0 $10 $20 $30 Northern Illinois University Western Michigan University University of North Carolina at Greensboro Kent State University at Kent Northern Arizona University Millions
  70. 70. Office of the President TOP 10 FUNDING AGENCIES: JULY 2010 – JUNE 2013 70 Sponsor Dollars Awarded New Awards U.S. Department of Education $ 20,027,746 12 National Science Foundation $ 18,417,002 59 National Institutes of Health $ 10,196,708 5 Forest Service $ 7,941,060 31 Department of Homeland Security $ 7,673,968 7 Environmental Protection Agency $ 7,575,170 12 Department of Defense $ 3,236,330 4 Corporation for National & Community Service $ 3,050,449 3 U.S. Geological Survey $ 2,895,617 16 Arizona Department of Education $ 2,892,727 11
  71. 71. Office of the President RESEARCH SUCCESSES • NIH grants focused on Native American cancer research • NSF grant to develop a Southwest Experimental Garden Array (SEGA) for integrating genetics and climate change • Research on Valley Fever through MGGen (Paul Keim)
  72. 72. Office of the President 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 1. Research Expenditures 10-year Trend 460 480 500 520 540 560 580 600 620 2. Tenure/ Tenure-eligible Faculty Population 10-year Trend RESEARCH CHALLENGES 3. Limits of Existing Research Facilities • New infrastructure needed to meet 2020 Goals 4. Federal and State R&D Grants “The coming R&D crash” (The Washington Post)
  73. 73. Office of the President STRATEGIES FOR 2020 SUCCESS Research Expenditures Ph.D. Degrees Awarded Invention Disclosures U.S. Patents Issued Intellectual Property Income University Spin-offs • Increase number of research-active faculty • Enhance campus-wide “in-reach” program • Incentivize participation in technology transfer • Increase technology marketing efforts • Research centers and institutes • Biomedical research partnerships • Informatics and big data research • AZ Furnace • Post-doctoral scholars • Graduate student support
  74. 74. Office of the President FUTURE OF RESEARCH AT NAU • Fostering Partnerships – FMC, TGen North, Lowell/U.S. Naval Observatory • Big Data Informatics – Remote sensing – Climate change modeling – Wind resource modeling – Genomic sequencing • Flagstaff as a Public Health Study Site – Geographic isolation – Concentrated health care – Research community – Facilities
  75. 75. Office of the President PUBLIC SERVICE • Arizona Rural Policy Institute • The Center for American Indian Economic Development • The Institute for Tribal Environmental Professionals • Interdisciplinary Health Policy Institute – Catalyst bringing together university experts with health authorities in the private and public sectors to chart a way forward on issues relevant to coordinated primary care and health care cost containment • The Institute for Sustainable Energy Solutions – Wind for Schools (288 teachers trained/ 39 schools) • The Institute for Human Development “Improving Access, Affecting Attitude” – Part of a national network of University Centers for Excellence in Developmental Disabilities Education, Research and Service (UCEDD) 75 $28,794 $29,973 $30,187 $32,772 $26,000 $27,000 $28,000 $29,000 $30,000 $31,000 $32,000 $33,000 $34,000 FY 2009 FY 2010 FY 2011 FY 2012 Public Service Expenditures (in $1,000)
  76. 76. Office of the President SPONSORED PROJECTS RELATED TO INSTRUCTION 76 • Improving teaching skills of existing teachers and increasing number of science teachers • $10.5M in grants since 2007 • $1.5M in Noyce fellowships to support prospective secondary science and math teachers • $64.9 million in grants since 2000 • Provided direct services to 44 middle and high schools and 5,800 students • Delivered professional development for teachers • 50,000 eight-graders (245 schools) participated in assessment of college and career readiness • Participating students have significantly higher HS graduation (88% vs. 72% for AZ) and college participation rates (75% vs. 31% for AZ)
  77. 77. NAU FOUNDATION 77
  78. 78. Office of the President NAU FOUNDATION The mission of the Northern Arizona University Foundation, Inc. is to promote the University's mission, enhance its recognition, and foster private investment in it by creating and nurturing meaningful relationships.
  79. 79. Office of the President FINANCIAL FRAMEWORK • Assets under advisement - $110M, doubled in size in last 7 years • FY 13 Return on Investment – 13.8% for NAUF vs. 13.1% for Benchmark • Five year average annual return – 6.97% for NAUF vs. 6.3% for Benchmark
  80. 80. Office of the President NAU FOUNDATION ENDOWMENT $- $50 $100 $150 $200 $250 $300 $350 $400 $450 Endowment Level 2012 in Millions
  81. 81. Office of the President ORGANIZATIONAL FRAMEWORK • Founded in 1959 • 34 member board of directors, current chair Hank Peck of Tucson • President Haeger as non-voting ex-officio • No full time employees – provides direct support to Northern Arizona University for administration and fundraising • Two subsidiaries – Northern Arizona Real Estate Holdings – NAU Ventures
  82. 82. Office of the President BOARD STRUCTURE • Board Committees: 7 – Executive – Investment – Audit – Finance – Directors – Development – Gift Acceptance
  83. 83. Office of the President FUNDRAISING ACTIVITY • Major Gift Officers – 6 • Corporate and Foundation Relations – 2 • Planned Giving – 2 • Annual Fund – 4 • Other related offices – Alumni Relations – Advancement Services
  84. 84. Office of the President “ONLY AT NAU” CAMPAIGN • Comprehensive campaign • Started counting in July 2009 • Public phase begins October 18, 2013 • Used a national consulting firm – Marts and Lundy • At ~ $53M, target of $100M
  85. 85. Office of the President WHAT OUR DONORS SUPPORT 0% 5% 10% 15% 20% 25% 30% 35% Program Support Athletics Faculty Support Bricks and Mortar Research Scholarships Other GivingAreaPercentage "Only at NAU" Areas of Support
  86. 86. Office of the President NORTHERN ARIZONA REAL ESTATE HOLDINGS • Direct investment of Foundation Assets to fund two building projects on the campus • Lease to own agreements – Three years left on lease #1 – 1899 Bar and Grill • $3.5M project, 5.5% interest rate – Nineteen years left on lease #2 – University Services Building • $5.5M project, 5.5% interest rate
  87. 87. Office of the President NAU VENTURES • Supports University activity to commercialize intellectual property – Provides marketing, licensing, and contractual monitoring for selected commercialization efforts • 12 technologies assigned, 1 licensed – Examples: Micropump, Motor that Emulates Muscles • Still in very early stages of this effort
  88. 88. CONCLUSION 88
  89. 89. Office of the President ALIGNMENT WITH ABOR GOALS • University College/ FYLI • Lumberjack Mathematics Center • Student Success Coaching • President’s Technology Initiative 89 Promote Student Learning/ Success Advance Educational Attainment in AZ Expand Research Impact Arizona• Undergraduate research • New PhD programs • Biomedical research • Research lab and other infrastructure expansion • Joint Admission • Personalized Learning • Pledge Tuition • Online Programs • NAU Yuma/NAU Yavapai • Allied Health Programs • STEM • Public Service Institutes and Centers • Economic Development Partnerships
  90. 90. Office of the President PARTNERSHIPS 90
  91. 91. Office of the President NAU ATHLETICS: A REGIONAL ASSET • 2.7% of total NAU expenditures • NAU Athletics activities contribute with $3.85 million in federal, local, and state taxes • Graduation rate: 83% • Cumulative GPA of student-athletes: 3.13 (2012-2013) • Community service hours of student-athletes: 3,840 (2012-2013) • 2012 -2013 Season Highlights: • 4 Big Sky Conference Championships • Big Sky Conference President’s Cup • Men’s Cross Country 4th in the nation (currently 2nd) 91
  92. 92. Office of the President NAU’S TOTAL ECONOMIC IMPACT IN ARIZONA (DIRECT, INDIRECT + INDUCED) 92 $610 $806 $152 $214 $225 $441 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 2003 2010 Millions ~ $1.5 Billion Induced Indirect Direct ~ $1 Billion 2013 Projection: $1.7 Billion
  93. 93. Office of the President TRENDS Conditions • More students • More efficient use of faculty time • Less state funding • Limits on tuition • Performance funding Challenges • Faculty and staff salaries • Deferred maintenance • University culture • Expensive program delivery system • Adaptation of technology 93
  94. 94. Office of the President 94 1: e-Advising 2: Evidence-based pedagogy 3: The decline of the lone-eagle teaching approach 4: Optimized class time 5: Easier educational transitions 6: Fewer large lecture classes 7: New frontiers for e-learning 8: Personalized adaptive learning 9: Increased competency-based and prior-learning credits 10: Data-driven instruction 11: Aggressive pursuit of new revenue 12: Online and low-residency degrees at flagships 13: More certificates and badges 14: Free and open textbooks 15: Public-private partnerships
  95. 95. Office of the President THANK YOU 95
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