I S S U E : :
New funding oppor-
tunity from Wake
Forest Innovations
Applications available
for the Career Develop-
ment for Women Lead-
ers Program (CDWL)
Provost’s Supporting
Academic Work Funds
deadline April 1
Provost’s Newsletter
M A R C H 2 5 , 2 0 1 4
V O L U M E 2 , I S S U E 4
I N T ER E S T :

March 26th: Provost’s
Annual Address, 4:00 PM |
Pugh Auditorium, Benson

March 31st: Correspondenc-
es, A Gallery Conversation
with James Rosen, 5:00 PM
| Charlotte and Philip Hanes
Art Gallery

April 4th: Campus Connec-
tions, 8:45 AM | Benson 401

April 8th: TechXploration,
12:00-3:00 PM, Benson 401

April 10th: Secrest Artists
Series, Xiayin Wang, pianist,
7:30 PM | Brendle Recital
Message from the Provost...
May 6
This time of year is always rewarding, as we gather to celebrate innovative teaching awards as well
as faculty publishing books and producing creative works over the past academic year. Amid this
vital activity, we continue to address a set of pressing financial/budget topics; this opening letter is
devoted to brief discussions of those. Proceeding alphabetically:
Capital Campaign. Our initial ‘Wake Will’ efforts have had a significant impact on student financial
aid, with nearly $70 million raised to date; some $15 million is specifically directed to support first-
generation WFU students through our Magnolia Scholars program. An additional $40 million has
been pledged to support faculty and academic departments, for needs ranging from lab equipment
and faculty travel funds to endowment of the Humanities Institute, faculty chairs, and depart-
mental support. (As with most financial support, monies are received not in one big bundle, but as
pledges which will be realized in coming years.) Thanks in part to these fundraising successes, and
our recent fiscal discipline, our tuition increase for 2014-15 is WFU’s smallest in 35 years. Coming
months will bring a heightened focus on securing funds and endowments to support academic de-
partments and programs.
The athletics campaign also announced a recent series of substantial gifts to support a planned
sports-performance center. This facility, to be built behind the Miller Center, will be paid for entire-
ly through private funds. This move was necessitated in part to accommodate the planned renova-
tion of Reynolds Gym to accommodate faculty, staff and student needs, especially related to well-
Fringe Benefits. Owing to a combination of factors—national upward trends in health-insurance
costs, a 34% increase in our faculty/staff medical-benefits claims, and Affordable Care Act man-
dates—the cost of our medical benefits has considerably outstripped our budgeted rates this year,
and heightened levels are expected to continue. University reserves will cover the unfavorable var-
iance this year, which is projected to be upwards of $700,000. Although the university contribution
to benefits will increase significantly for FY14-15 and beyond, we still must address the rising cost of
medical benefits in a sustainable manner. As we have done in the past and most other universities/
colleges have more recently, we are looking at adjusted co-pays, premium rates, and the like.
Leadership Project. President Hatch recently announced an effort to engage our students and
broader community in reflective conversations with leaders (and those who study leadership) who
span diverse career paths, generations and worldviews. A faculty/staff advisory committee will be
involved in the design and implementation of the Project. Some of the suggested speakers to be
invited to campus include presidential/U.S. cultural historians Doris Kearns Goodwin and Jon
Meacham, and a panel on women’s leadership that would feature Sheryl (Lean In) Sandberg and
author-New York Times columnist Gail Collins, among others. Later this week, pioneering African
American football coach and author Tony Dungy will speak on campus and meet with several stu-
dent groups.
Strategic Resource Initiative (specifically parking). A full SRI report will be issued in coming days, but
a preliminary word on the most-discussed aspect—a proposed parking fee. Vigorous faculty and
staff engagement on this topic centered around two main suggestions: (1) slowing down the deci-
sion process to enable us to study parking in the wider context of sustainable transportation prac-
tices on and nearby the Reynolda campus; and (2) reducing demand for on-campus parking with a
financial incentive to carpool or park off campus.
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