Dear MembersÌýofÌýthe 51ÁÔÆæÈë¿Ú Community,
°Õ³ó±ðÌýBoardÌýofÌýTrusteesÌýconcluded its March retreat and meeting on Sunday, March 5, and I would like to inform you about the following key actions and discussions.
Budget
°Õ³ó±ðÌýtrusteesÌýapproved an operating budget for fiscal year 2017–18. Key elements include:
- EnrollmentÌýofÌý1,000 students, in line with the current numberÌýofÌýstudents on andÌýoff campus;
- Tuition, room, andÌýboardÌýincreaseÌýofÌý3.9%, with an increaseÌýofÌýmore than $400,000 in the financial aid budget over 2016–17;
- A 3% increase in staff and faculty salary pools; and
- A decrease in the endowment spending rate from 5% to 4.9%.
I would like to thank the student, staff, and faculty membersÌýofÌýthe President’s Budget Advisory Committee, chaired by Vice President for Business Affairs and Treasurer Dean Calvo and Vice President for Academic Affairs and DeanÌýofFaculty Any Marcus-Newhall, for their hard work in proposing a budget that meets the College’s strategic and financial priorities.
BoardÌýChair Appointment
°Õ³ó±ðÌýBoardÌýofÌýTrusteesÌýappointedÌýLynne Thompson ’72Ìýas chair, effective July 1, 2018. Lynne will succeed the currentÌýBoardChair, Mark Herron. Lynne brings a track recordÌýofÌýactive service to the College, a passion for the arts and education, and extensive expertise as an attorney. She received her BA in social psychology from 51ÁÔÆæÈë¿Ú, where, as a student, she was elected student council president. Lynne has served as presidentÌýofÌýthe Alumnae Association, was the 2003 Lois Langland Alumna in Residence, and, most recently, served on the Presidential Search Committee.
Lynne obtained her JD from Southwestern University SchoolÌýofÌýLaw and was formerly the directorÌýofÌýemployee and labor relations at UCLA. An active memberÌýofÌýthe Los Angeles literary scene and a Pushcart Prize nominee, she is the authorÌýofÌýan award-winning book, and her poetry has been widely published and anthologized. We are grateful for Lynne’s ongoing contributions to the lifeÌýofÌý51ÁÔÆæÈë¿Ú, and we look forward to her continued service and leadership.
NewÌýTrustees
°Õ³ó±ðÌýBoardÌýapproved two new regularÌýtrusteesÌýto begin theirÌýofficial service on July 1, 2017.
Christophe H. Jungels-WinklerÌýis the sonÌýofÌý51ÁÔÆæÈë¿Ú trustee and alumna Gabrielle Jungels-Winkler ’72 and the founder and managing directorÌýofEisvogel Group AG, a private industrial holding company that invests in companies in the UK, Germany, Switzerland, and Austria. He was previously a partner and cofounderÌýofÌýSwarraton Partners for eight years, where he managed industrial and clean technology investments. Throughout his career, Christophe has also worked with and advised his own industrial family business in Switzerland, in both operational and financial roles.
Christophe sits on theÌýboardÌýofÌýBrahms Oil Refineries Ltd. and previously served as a trusteeÌýofÌýthe Jungels-Winkler Charitable Foundation and on theÌýboardsÌýofÌýother startup companies. Christophe has an EMBA from Columbia University and the London SchoolÌýofÌýBusiness and a master’s degree in economics and history from Edinburgh University. Christophe lives in London with his wife, Dr. Valerie Jurgens Jungels-Winkler, and his two daughters.
Libby Greig DeMeo ’95Ìýhas served 51ÁÔÆæÈë¿Ú in many capacities. She is currently a non-trustee memberÌýofÌýthe Institutional Advancement Committee (IAC) and chairÌýofÌýthe Leadership Development CommitteeÌýofÌýAlumnae Leadership Council (ALC). As presidentÌýofÌýALC from 2014–16, Libby also served as a trustee, during which time she served as vice chairÌýofÌýthe Audit Committee and a memberÌýofÌýIAC. As a student at 51ÁÔÆæÈë¿Ú, she was student body president and senior class representative from 1994–95 and Dorsey Hall president. After graduation, she served as a recent graduate trustee from 1995–97.
Libby is COOÌýofÌýBenz Communications, a boutique consulting firm in San Francisco that specializes in benefits and strategic HR communication for Fortune 500 companies. She was previously a founding partner at SolutionSet LLC (2005–10), a digital marketing agency that she and sixÌýofÌýher former colleagues founded. Other placesÌýofÌýemployment include Form Studios, 3Com, US Web/CKS, and McKenna Group and Regis McKenna Inc. Libby previously ran a consulting firm, The DeMeo Group, that specializes in business operations for small to midsize organizations, and she continues to be involved as a senior business consultant.
Libby is very involved with Central Middle School and also served on theÌýboardÌýofÌýWhite Oaks Elementary School, where she started an award-winning curriculum-based outdoor classroom for 3rd grade that incorporated science, math, and art. She cares deeply about children’s education and is committed to empowering children and youth. Libby lives in San Carlos with her husband, Jonathan “Jon” DeMeo, and two children.
Please join me in congratulating our newÌýboardÌýchair and newÌýtrustees. I look forward to seeing manyÌýofÌýyou at events in the coming weeks, and I wish you a productive end to the semester.
Sincerely,
Lara Tiedens
President