WVU's president offers 5th State of the University Address
West Virginia University President James Clements outlined goals, challenges, and triumphs during his fifth State of the University address Monday, October 7th, 2013.
In the last four years, Clements says, university enrollment has grown by 4 percent to 32,595. He also noted significant growth in private giving.
Clements says donations to the WVU Foundation’s State of Minds campaign has already reached 90 percent of fundraising goal, with contributions totaling more than $600 million, with two years remaining in the campaign—the largest fundraising effort in the university’s history.
That, Clements reports, in the face of ever decreased allocations from the state.
“As many of you know, the WVU Systems Operating Budget, not including the Healthcare Enterprise, for last year’s audited financials, was $955 million. This year will top $1 billion. With the WVU Health System, we are more than a $2.6 billion academic enterprise.”
Clements says state appropriations account for 20 percent of the total university budget, and just 7 percent of the overall WVU System budget. Tuition and fees makeup 37 percent of that core budget, which, Clements says is about $355 million. The rest of the budget is accounted for with contracts, grants, and a variety of other revenues.
He says going forward, university policies will be guided by four principals:
- Adhering to the core academic mission of maintaining and protecting academic quality
- Continued investment in the university’s long-term strategic plan
- Improving campus infrastructure, both technology and facilities
- Pay raises for faculty and staff
Clements also reiterated the importance of addressing what’s referred to as the growing national innovation deficit, citing that the US has fallen to 16th among developed countries in the percentage of young adults who hold a college degree.