Saint Mary’s College of California President

Moraga, CA

PRESIDENT

ADDITIONAL CANDIDATE INFORMATION

October 2012

Prepared by:

Kate Haley and Brian Bloomfield

Witt / Kieffer

Saint Mary’s College of California President

CONTENTS

Advancement & Alumni Relations ............................................................................... 1

Financials .................................................................................................................... 1

Update Year Ended June 30, 2012.................................................................................... 4 Fiscal Year Ending June 30, 2011 ..................................................................................... 5 Endowment Quarterly Changes ........................................................................................ 6 Analysis of Endowment Fund Support to Operating Budget ................................................ 6 Fiscal Year-end Endowment Investment Returns ............................................................... 6

Enrollment and Retention ........................................................................................... 7

Total Enrollment (Headcount) All Programs ....................................................................... 7

Organizational Charts—Administration .....................................................................11

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ADVANCEMENT & ALUMNI RELATIONS

The College has approximately 42,500 living, addressable alumni, with 82 percent living in California and 55 percent in the greater Bay Area. In fiscal year 2011-2012, 8.16 percent of all alumni (13.07 percent of traditional undergraduate alumni) made a gift to the college.

The College raised $8,644,000 in FY12, a significant achievement without a seven-figure gift and a jump of more than $2 million from fiscal years 2008, 2009 and 2010. The number of donors to the College grew by more than 15 percent over the previous year. FY11 represented the college’s most successful year: $39,671,000 was raised, including several seven- and eight-figure capital gifts. Annual giving totals average $3.6 million over the last five years.

During the 2012-2013 academic year, the College is celebrating the 150th year since its founding with the theme: The Year of the Gael. Several special events are planned, including three broad-based celebrations and a series of “Great Conversations.”

The Campaign for Saint Mary’s, with the motto A Gael Force is Gathering, began on July 1, 2009. The Board of Trustees established a working goal of $100 million for the campaign. The public announcement is planned for May 4, 2013, as the culmination of the college’s sesquicentennial celebration year. As of June 30, 2012, $54,500,000 has been raised. The campaign has three broad priority categories: Enriching the Academic Experience, Propelling a Vibrant Community, and Supporting Student Success. Within the priorities are several capital projects; foremost among them is a new Library and Learning Commons.

The college’s Board of Trustees has 25 members, which includes the president, five other Christian Brothers, one priest and 18 lay members. Twenty-two of the members are alumni of the college. In FY12, 89 percent of lay board members made a gift to the college.

FINANCIALS

Financial Indicators:

1. The FY 2011-2012 operating budget ended the year with a small surplus and was able to support transfers of funds for the improvement of existing facilities ($3.2 million), for the support of a $2.1 million student financial aid reserve ($1.4 million), and for the College’s Sesquicentennial ($0.9 million).

2. Updated enrollment data indicates that the FY 2012-2013 operating budget should remain in balance when it is formally updated by the Board of Trustees in October 2012.

3. The Cal Grant Program was reduced by the Governor’s line item veto by $485 or 5% from $9,708 to $9,223 for FY 2012-2013, which was much less than the proposed reduction that would have been pegged Cal Grant amounts to the level of grants awarded at CSU campuses.

4. The tuition discount rate for new students enrolling in fall 2012 is projected to be 33.8%, which is slightly below the budgeted target of 34.0%.

5. The discount rate for some returning students will increase if they have lost eligibility for Cal Grants under new program regulations. These types of students will be the primary

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beneficiaries of the $2.1 student financial aid reserve included in the College’s FY 2012-2013 operating budget.

6. The $2.1 million financial aid reserve should be more than enough to assist students during FY 2012-2013, but may be needed in FY 2013-2014 and beyond if the Cal Grant Program receives further reductions in funding.

7. The performance of endowment investments for the year ended June 30, 2012 was -1.36%. The overall negative performance can be attributed to -11.65% performance by non-U.S. equities, which comprise 30% of the endowment’s investments. Although the performance of non-U.S. equities was negative, it was better than the index performance for non-U.S. equities of -14.09% for the year ended June 30, 2012.

8. The market value of endowment investments as of June 30, 2012 was $127.9 million, which represents a decrease of $3.9 million or 2.9% from the June 30, 2011 market value of $131.8 million. The decline over the year ended June 30, 2012 can be attributed to the in non-U.S. equities noted above and to spending withdrawals from the endowment that support the College’s operating budget.

9. The College was well in compliance with its key bond covenants as of June 30, 2012. Amendments made to the bond documents in January 2012 removed the one credit covenant that had been problematic in past years.

10. The weekly interest rate resets on the College’s variable rate demand bonds (VRDBs) have remained at near record low ranges (25 basis points or less), but are being reset higher than market levels due to the downgrade of the letter of credit provider (Bank of America) for the bonds.

11. The market value of the interest rate swap agreement associated with the VRDBs has been at near record negative valuations (-$20.0 million) due to low long-term interest rates that are being influenced by the actions of the Federal Reserve. The negative valuations cause the College to post near record levels ($15.0 million) of collateral for the swap agreement.

12. A proposal, including a five year direct bond purchase agreement and a five year line of credit for swap collateral posting, has been developed to address the higher than expected weekly reset rates due to the downgrade of Bank of America and the high levels of collateral postings. The proposal has been endorsed by the Finance Committee and was approved by the full Board of Trustees on August 21, 2012.

13. An $8.0 million line of credit is in place to bridge the receipt of pledge payments in support of the $30.0 million Athletics Corridor project which includes a new and completed baseball field, new recreation center, new aquatics center, new plaza and new baseball stadium structure.

Facilities Indicators:

1. The College received the requisite municipal entitlements and permits and has begun to grade the site of the new recreation center, aquatics center and plaza.

2. The College has contingently received the requisite municipal entitlements to pursue the acquisition of building permits for the new recreation center, aquatics center and plaza.

3. Funds in hand and pledged towards the $30.0 project budget totaled $22.0 million as of June 30, 2012.

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4. The College has contingently received the requisite municipal entitlements to pursue the acquisition of building permits for the renovation of the Psychology Annex located near the Art Museum.

5. Over a dozen smaller facility improvement projects have been completed or are under way this summer and include enhancement to Wi-Fi service in the freshmen residence halls, fire sprinkling for the Brother’s residences, new classroom furniture for Garaventa Hall, a new HVAC system for Brother Jerome West Hall, a new VIP Room in McKeon Pavilion, and various improvements to seven residence halls ranging from new boilers to new furniture, carpet and paint.

6. The College has begun implementing recommendations made during a recent privileged audit of environmental health and safety compliance.

Human Resource Indicators:

1. The phased implementation of market-based salary scales contained in the new faculty salary policy began on July 1, 2012.

2. The market-based salary scales contained in the new staff salary policy were implemented on July 1, 2012.

3. A new web-based staff performance evaluation system has been selected and will be implemented during FY 2012-2013.

4. A recently hired Director of Learning and Organization Effectiveness is developing leadership and professional development opportunities for faculty and staff for implementation during FY 2012-2013.

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Update Year Ended June 30, 2012

Twelve Month

Working

Budget Actual Actual

2011-2012 6/30/2012 % of Budget

REVENUE (000 omitted) Traditional Undergraduate Tuition and Fees 102,619 104,337 101.67%

Institutional Financial Aid (non athletic) (33,966) (35,040) 103.16%

Athletic Grant-in-Aid (5,609) (5,330) 95.03%

Net Tuition Revenue-Traditional Undergraduate 63,044 63,967 101.46%

Adult and Graduate Programs Revenue 22,538 22,706 100.75%

Net Student Fees 85,582 86,673 101.27%

Gifts 2,225 1,929 86.70%

Endowment and Interest 6,100 5,268 86.36%

Sales and Services of Auxiliary Enterprises 18,829 18,892 100.33%

Other 1,919 2,915 151.90%

Total Revenue 114,655 115,677 100.89%

EXPENSES AND TRANSFERS Operating Expenses: Academic 51,645 49,786 96.40%

Information Technology 4,944 5,008 101.29%

Administration 17,798 16,740 94.06%

Student Services 8,206 8,070 98.34%

Athletics 5,649 6,658 117.86%

Auxiliary Services 9,187 8,878 96.64%

Physical Plant 8,234 7,701 93.53%

Debt Service 4,050 5,377 132.77%

Other Expenses 1,000 992 99.20%

Strategic Initiatives 499

0.00%

Subtotal Operating Expenses 111,212 109,210 98.20%

TRANSFERS /OTHER: Depreciation 3,000 3,160 105.33%

Other 125 2,987 2389.60%

Subtotal Transfers/Other 3,125 6,147 196.70%

Total Expenses and Transfers 114,337 115,357 100.89%

REVENUE, LESS EXPENSES AND TRANSFERS 318 320

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Fiscal Year Ending June 30, 2011

Twelve Month

Working

Budget Actual Actual Difference

2010-2011 6/30/2011 % of Budget From Budget

REVENUE (000 omitted) Traditional Undergraduate Tuition and Fees 90,821 92,628 101.99% 1,807

Institutional Financial Aid (non athletic) (31,030) (30,993) 99.88% 37

Athletic Grant-in-Aid (5,329) (5,449) 102.25% (120)

Net Tuition Revenue-Traditional Undergraduate 54,462 56,186 103.17% 1,724

Adult and Graduate Programs Revenue 22,143 21,941 99.09% (202)

Net Student Fees 76,605 78,127 101.99% 1,522

Gifts 2,571 2,070 80.51% (501)

Endowment and Interest 6,600 5,269 79.83% (1,331)

Sales and Services of Auxiliary Enterprises 18,443 18,657 101.16% 214

Other 1,520 2,154 141.71% 634

Total Revenue 105,739 106,277 100.51% 538

EXPENSES AND TRANSFERS Operating Expenses: Academic 48,627 46,544 95.72% (2,083)

Information Technology 4,212 4,387 104.15% 175

Administration 16,229 15,036 92.65% (1,193)

Student Services 7,700 7,558 98.16% (142)

Athletics 5,295 6,032 113.92% 737

Auxiliary Services 8,921 8,800 98.64% (121)

Physical Plant 8,486 8,166 96.23% (320)

Debt Service 4,256 5,225 122.77% 969

Other Expenses 794 656 82.62% (138)

Strategic Initiatives 470 470 100.00% -

Subtotal Operating Expenses 104,990 102,874 97.98% (2,116)

INTER-FUND TRANSFERS /OTHER: Depreciation 2,000 2,933 146.63% 933

Other (1,485) 165 -11.11% 1,650

Subtotal Transfers/Other 515 3,098 601.46% 2,583

Total Expenses and Transfers 105,505 105,972 100.44% 467

REVENUE, LESS EXPENSES AND TRANSFERS 234 306

72

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Endowment Quarterly Changes

$102.2$109.6

$117.2 $121.0 $116.0$120.6

$129.2$133.7 $131.8

$117.4 $122.9

$133.6 $127.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

6/2009 9/2009 12/2009 3/2010 6/2010 9/2010 12/2010 3/2011 6/2011 9/2011 12/2011 3/2012 6/2012

MIL

LIO

NS

QUARTERS

TOTAL ENDOWMENT FUND ASSETSQuarterly Changes in Market ValueJune 30, 2009 thru June 30, 2012

Analysis of Endowment Fund Support to Operating Budget

FYE 2007 FYE 2008 FYE 2009 FYE 2010 FYE 2011 FYE 2012

Budgeted Endowment Spending 4,807,500 6,070,000 6,979,000 7,004,500 6,400,000 5,900,000

Actual Endowment Spending 4,807,419 5,536,939 4,557,572 6,125,730 5,305,328 5,303,921

Actual Endowment Spending Rate 5.00% 4.91% 4.65% 4.87% 4.83% 4.90%

Fiscal Year-end Endowment Investment Returns

30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 30-Jun-12

Actual Annual Investment Performance 19.5% -6.3% -20.2% 6.7% 19.2% -1.4%

Projected Annual Policy Performance Target 17.6% -5.1% -19.3% 7.2% 18.8% 0.0%

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ENROLLMENT AND RETENTION

Total Enrollment (Headcount) All Programs

UNDERGRADUATE 02 03 04 05 06 07 08 09 10 11

Undergraduates 2572 2494 2440 2525 2489 2504 2514 2379 2621 2823

Extended Education 615 631 640 522 185 47 1 3 8 0

LEAP 51 38 59 68 94 102 88 116 108 123

Open Enrollment 17 5 11 23 12 16 17 14 12 11

Intensive English 7 3

Paralegal & Law Studies 139 166 180 153 55 16 1

Leadership

27 50 39

GRADUATE

Business Administration 257 241 262 248 257 299 334 325 315 345

Education Non-Doctoral 591 626 674 662 665 607 669 578 616 558

Ed.D. 47 67 78 58 62 57 44 50 61 67

Kinesiology 17 22 22 19 10 9 22 15 21 25

Psychology 20 12

MFA 29 35 42 43 42 46 45 46 48 46

MA Health 9

MA Leadership 40 82 80 64 48 76 91 72 56 62

Liberal Studies 31 64 48 47 43 30 14 11 1 0

IPEDS 4442 4486 4536 4432 3962 3809 3840 3636 3917 4099

Nursing Program 256 282 323 363 210 107

Grand Total 4698 4768 4859 4795 4172 3916 3840 3636 3917 4099

ETHNIC DISTRIBUTION FALL 2002 - FALL 2011

02 03 04 05 06 07 08 09 10 11

White

2196 2196 2255 2279 2132 2014 1957 1760 1850 1916

Hispanic/Latino

540 558 632 690 669 656 659 602 720 803

Asian

317 345 362 370 426 383 379 367 357 436

Black

218 250 278 291 270 227 224 226 218 229

International

80 82 77 68 65 69 79 71 74 66

Native American 36 30 31 33 31 36 36 36 33 27

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Hawaiian/Pacific

Islander

18 19

Two or more ethnicities

56 112

Not Reported

1055 1025 901 701 579 531 506 574 591 491

TOTAL

4442 4486 4536 4432 4172 3916 3840 3636 3917 4099

UNDERGRADUATE FRESHMEN APPLICATIONS, ACCEPTANCES AND ENROLLED

FALL 2002 - FALL 2011

02 03 04 05 06 07 08 09 10 11

Applied 3022 3172 3354 3381 4991 3929 3638 3241 3836 4874

Accepted 2559 2590 2779 2861 3508 3231 2961 2555 2889 3355

Acceptance

Rate 85% 82% 83% 85% 70% 82% 81% 79% 75% 69%

Enrolled 645 562 611 675 610 611 675 572 695 648

Yield 25.2% 21.7% 22.0% 23.6% 17.4% 18.9% 22.8% 22.4% 24.1% 19.3%

UNDERGRADUATE RETENTION

ENTERING

COHORT TERM

Number in

Entering Class (at

Fall Census)

RETENTION RATES*

After 1 Year After 2 Years After 3 Years After 4 Years

Fall 2000 614 85.0% 76.7% 75.1% 65.6%

Fall 2001 576 86.1% 78.5% 74.3% 65.6%

Fall 2002 644 85.4% 77.0% 75.9% 66.3%

Fall 2003 560 82.1% 72.9% 68.4% 58.4%

Fall 2004 595 83.9% 77.3% 74.8% 61.3%

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Fall 2005 629 83.6% 74.4% 71.4% 60.7%

Fall 2006 585 78.1% 70.3% 67.9% 55.6%

Fall 2007 566 82.3% 71.9% 69.8% 54.9%

Fall 2008 627 83.6% 75.9% 72.9% 0.0%

Fall 2009 532 86.8% 80.5% 0.0% 0.0%

Fall 2010 636 86.8% 0.0% 0.0% 0.0%

* Retention Rates INCLUDE those who STOP Out and Return in Later Years

UNDERGRADUATE GRADUATION RATES

GRADUATION RATES

Average

Number

of Years

to

Graduate

(elapsed

time)**

Average

Cumulative

GPA at

Graduation

Number of

Graduates

(thru Oct.

2011) ENTERING

COHORT

TERM 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year

10

Year

0.8% 58.6% 66.0% 67.9% 68.4% 68.7% 69.5% 70.2% 4.2 3.13 431

Fall 2000 0.3% 58.7% 68.1% 69.6% 70.0% 70.1% 70.5% 70.7% 4.2 3.12 407

Fall 2001 0.5% 57.5% 66.5% 68.2% 68.9% 69.6% 69.6% 69.6% 4.2 3.15 448

Fall 2002 0.5% 49.5% 59.8% 62.1% 62.9% 63.4% 63.4% 63.4% 4.2 3.09 355

Fall 2003 0.5% 53.6% 62.2% 63.7% 64.4% 64.4% 64.4% 64.4% 4.1 3.11 383

Fall 2004 1.0% 51.8% 59.1% 60.7% 60.7% 60.7% 60.7% 60.7% 4.1 3.14 382

Fall 2005 0.2% 48.5% 54.9% 54.9% 54.9% 54.9% 54.9% 54.9% 4.1 3.15 321

Fall 2006 0.5% 47.9% 47.9% 47.9% 47.9% 47.9% 47.9% 47.9% 4.0 3.19 271

Fall 2007 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 2.8 3.45 4

Fall 2008 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0

Fall 2009 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0

Fall 2010

** Time-to-Degree for Summer term graduates are counted the same as Spring term graduates

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UNDERGRADUATE DISCOUNT AND NET REVENUE 2004-2012

(Dollar Figures in Thousands)

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12

Tuition UG Rate Increase 6.0% 8.5% 6.5% 7.0% 7.0% 2.0% 4.5% 4.9%

Total UG Tuition Revenue 60,624 67,415 70,332 75,833 80,980 79,260 92,628 102,619

% Tuition Revenue Increase 7.4% 11.2% 4.3% 7.8% 6.8% -2.1% 16.9% 10/8%

Total Financial Aid 17,252 19,734 20,290 23,397 27,888 31,426 36,829 39,575

% Total Financial Aid Increase 4.6% 14.4% 2.8% 15.3% 19.2% 12.7% 17.2% 7.5%

Discount Rate 28.5% 29.3% 28.8% 30.9% 34.4% 39.6% 39.8% 38.6%

Net Tuition Revenue 43,372 47,681 50,042 52,436 53,092 47,834 55,799 63,043

Net Tuition Revenue Increase 3,398 4,309 2,361 2,394 656 -5,258 7,965 7,244

% Net Tuition Revenue Increase 8.5% 9.9% 5.0% 4.8% 1.3% -9.9% 16.7% 13.0%

Total Student UG FTE 2,394 2,470 2,427 2,425 2,459 2,322 2,579 2,783

Net Tuition Rev. Per UG FTE 18,117 19,304 20,619 21,623 21,591 20,600 21,636 22,653

NEW STUDENT REVENUE, DISCOUNT RATE, PELL GRANT & GRADUATION DATA 2006-2011

2006 2007 2008 2009 2010 2011

Total New Students 783 770 799 695 907 847

Tuition Rate $29,050 $31,080 $33,250 $33,910 $35,430 $37,150

New Student Revenue $22,746,150 $23,931,600 $26,566,750 $23,567,450 $32,135,010 $31,466,050

Non-Athletic Aid $5,835,313 $6,916,937 $10,047,540 $9,862,788 $11,770,749 $10,968,521

Non-Athletic Discount Rate 25.7% 28.9% 37.8% 41.8% 36.6% 34.9%

Athletic $1,333,216 $1,263,613 $1,356,560 $1,357,170 $1,418,655 $1,001,081

Athletic Discount Rate 5.9% 5.3% 5.1% 5.8% 4.4% 3.2%

Total Aid $7,168,529 $8,180,550 $11,404,100 $11,219,958 $13,189,404 $11,969,602

Net Revenue $15,577,621 $15,751,050 $15,162,650 $12,347,492 $18,945,606 $19,496,448

Net Revenue per Student $19,895 $20,456 $18,977 $17,766 $20,888 $23,018

New Student Discount Rate 31.5% 34.2% 42.9% 47.6% 41.0% 38.0%

% Receiving Pell Grant 20.5% 24.5% 25.5% 31.8% 33.0% 31.2%

% 1st Generation 39.0% 39.6% 33.8% 41.4% 37.6% 36.1%

FALL 2012 UNDERGRADUATE ENROLLMENT INDICATORS

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1) A total of 5,253 first year student applicants, a 67% increase in the past three years, allowed the Admission Office to be more selective than any previous year in College history, admitting 65% of applicants. Nearly 900 applicants, many highly qualified and admissible in any previous year, were placed on the college’s admission waiting list. More than 800 were denied first year admission.

2) The academic profile of the class of 2016 remains strong with average high school GPA (3.56) and test scores (SAT CR+M = 1120) nearly identical to last year’s entering cohort.

3) Ethnic diversity of the 2012 entering class remains strong with nearly 58% describing themselves as Latino, African American, Asian American or Native American. Of note commitments from African American first year students rebounded from last year’s low of 4.4% (28) to 6.3% (39).

4) Yield (the portion of admitted students choosing to enroll at SMC) declined from 19.3% for fall 2011 to 18.3% for fall 2012, an all-time low. The decline in yield was largest among some candidates, such as those admitted with academic honors (from 19.3% in fall 2010 to 13.3% in fall 2011.) and low income applicants such as those eligible for Pell Grants

5) Over $9.9 million in non-athletic institutional grant aid has been awarded to new students for fall 2012, averaging $13, 615 per student. These aid commitments project a new student discount rate of approximately 33% for fall 2012. This compares with 35% for fall 2011 and 37% for fall 2010. State budget uncertainty and the related potential impact on Cal Grants for new SMC students could significantly alter these figures.

6) New student average net tuition of $24, 835 for fall 2012 is 6.2% higher than last year’s average on the same date ($23,390) and nearly 35% higher than the total three years ago.

ORGANIZATIONAL CHARTS—ADMINISTRATION

Administrative organizational charts can be found in the institutional Fact Book: http://www.stmarys-ca.edu/sites/default/files/attachments/files/FINAL%202%20-%20Organization_1.pdf#page=1

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The material presented in this position specification should be relied on for informational purposes only. This material has been copied, compiled, or quoted in part from Saint Mary’s College documents and personal interviews and is believed to be reliable. Naturally, while every effort has been made to ensure the accuracy of this information, the original source documents and factual situations govern.

This Leadership Profile is intended to provide information about Saint Mary’s College and the position of President. It is designed to assist qualified individuals in assessing their interest in this position.