March 3rd, 2015 @ 4:03 pm by Chancellor Linda P.B. Katehi
On Tuesday, I gave my annual State of the Campus address to the Academic Senate and talked about all the achievements and initiatives that are taking place at our University.
This is an exciting time at UC Davis. We continue to attract the very best students. This past fall we welcomed the largest and most diverse class of students in UC Davis history. The incoming freshmen came from across California, from 40 states and 38 countries.
In September we announced a new partnership with Mars, Incorporated to establish the Innovation Institute for Food and Health. Mars is investing $40 million over ten years in this project aimed at delivering big-impact breakthroughs in food, agriculture and health.
I also noted how the university has become more diverse, with 19.2 percent of our students coming from underrepresented minorities in 2010 to nearly 25 percent today. I shared with the Senate our high rankings in a number of national and international surveys of top universities and some amazing numbers showing that 54 percent of California resident undergraduates receive enough gift aid to have their system wide tuition and fees completely covered. We should all be extremely proud of that fact because it illustrates how UC Davis is able to provide access to thousands of students who might not be able to attend were it not for our strong financial aid programs.
Another point I’m excited about is that we’re taking a number of steps to keep our finances strong and grow responsibly as we continue to build the University of the 21st Century.
Several of the initiatives that we’ve launched in recent years are starting to pay dividends regarding our financial standing. To build on this success, we’ve put together a Financial Sustainability Action Plan.
Through a variety of efforts—including increased funds from university growth, administrative efficiencies, growth in endowment payout and increased indirect cost recovery associated with research grants—our goal is to create $200 million in recurring funds annually that will be reinvested in our academic enterprise.
These are just some of the exciting developments occurring at UC Davis. I want to thank our entire faculty in making UC Davis the institution that it is today and for positioning it for continued excellence far into the future. We have much happening and even more to do.