The Liberal Arts College of Engineering, Science and Mathematics

2009 Annual Report

A Message from the President

E
Maria Klawe

Con te n t s

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The Years Top News Strategic Vision Success Development Review by Marc Archambault Vice President for College Advancement

10 Treasurers Message
by Andrew Dorantes Vice President for Administration and Finance/Treasurer

xtraordinary is the word that describes fiscal year 20082009. The generosity of our donors this past year enabled us to enrich our students educational experiences, maintain our academic excellence, and further our strategic vision goals despite the nations economic downturn. I am particularly grateful for the more than 2,200 alumni, parents and friends who joined our trustees in increasing their philanthropic support. We deeply value every gift received. Because of you, we were able to truly excel. We were able to enhance our scholarship program at a time when extra support was vital for many families. We invested in the recruitment and retention of the best faculty and staff, who provide the extraordinary educational environment our students enjoy. All the while, we strengthened our already excellent academic programs and research opportunities for faculty and students. The enthusiastic giving of those who love HMC also gave us the confidence to begin planning for an exciting new classroom building that will transform how teaching and learning is done at HMC. The new building, perhaps the most tangible embodiment of the HMC strategic vision, will provide state-of-the-art facilities that foster an innovative, cross-disciplinary learning environment. The plans involve replacing the Thomas-Garrett building with an inspirational and highly sustainable modern structure that will likewise transform the campus. With building schematic designs now approved and design development well underway, we are currently working on fundraising for the building. We have also poised ourselves for improved infrastructure and future expansion by purchasing property north of campus. The solid plans we have made to further our strategic vision goals have attracted support from world-class private philanthropic institutions. During 200809, HMC received a Fletcher Jones grant for institutional technology, strengthening our commitment to improve infrastructure and resources. The Mellon Foundation supported our efforts to revise the core curriculum, furthering several strategic goals: nurturing and developing the whole person; unsurpassed excellence and diversity at all levels; and innovation, leadership and impact. Leading corporations continued to value our Clinic Program and further our goal of experiential and interdisciplinary opportunities. Global Clinics in Singapore and Iceland as well as student projects in Kenya, Uganda and elsewhere truly made our commitment to global engagement and informed contributions to society a reality. Its been an extraordinary year. HMCs excellence is truly unsurpassed. We not only weathered the economic storm; we are accelerating out of it with ambitious plans to use that excellence wisely and increase our impact on the world.

Maria Klawe President

Cover: Rachel Nishimura 09 uses thin-layer chromatography to examine the purity of a compound in the Vosburg research laboratory. Nishimura pioneered a synthetic route that may provide access to a range of natural and unnatural anti-inflammatory, antitubercular and antibiotic compounds.

A Message from the Chair of the Board of Trustees

arvey Mudd College is consistently ranked among the top liberal arts and technical colleges in the country for several reasonstop-notch students, dedicated faculty, and a rigorous and relevant academic program. The tradition of excellence that HMC has maintained during its 53 years of existence is one that I and my colleagues on the board of trustees seek to perpetuate. During 20082009, HMC was ranked the 14th best liberal arts college by U.S. News & World Reports Americas Best Colleges guide, while the engineering program came in second among 38 undergraduate programs. In a National Science Foundation report, HMC ranked No. 1 among U.S. private baccalaureate colleges for the percentage of graduates who go on to earn Ph.D. degrees in science and engineering. The college was named one of the nations 50 Best Value private colleges and universities by The Princeton Review, exemplifying excellent academics at a reasonable cost, and our financial aid program was named one of the best in the country. When comparing starting salaries among undergraduate engineering majors, our alumni ranked No. 2, ahead of Caltech, MIT and Stanford. Demonstrating our continued pursuit for the top students, 90 percent of entering firstyear students graduated within the top 10 percent of their high school class. This pursuit of excellence is also a goal for the board. Involvement among trustees is at an alltime high as evidenced by 100 percent participation in the 20082009 Annual Fund. Trustees are also working on planning new initiatives, reinvigorating the curriculum, and playing a major role in maintaining the fiscal health of the college, including endowment strategy. Major trustee gifts by Michael Shanahan and his wife, Mary, ($25 million, which is the largest gift in HMC history), and from Malcolm Lewis 67 and his wife, Cynthia, attributed to the record fundraising year. Wayne Drinkwards funding of the schematic design for the new teaching and learning building ensured that progress on this important goal continued despite the economic downturn. During 20082009 we added two new trustees to the board, and trustees are excited about the strategic vision and the direction with which President Klawe is leading the college. During the past fiscal year, HMC has taken important initial steps toward a comprehensive capital campaign. I and my colleagues on the board look forward to providing the counsel, advocacy and leadership necessary to fulfilling what will be the largest fundraising effort in HMC history. The importance of meeting our goals cannot be understatedit is a matter of staying at the forefront of science and technology education and of providing the world with professionals who are mindful of the societal impact of their work.

William A. Mingst

William A. Mingst Chair, Board of Trustees

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2 0 0 8 - 2 0 0 9 T h e Y e a r s To p N e w s

college is named one of the nations 50 Best Value private colleges and universities, according to The Princeton Review. Trustee R. Michael Mike Shanahan and his wife, Mary, pledge a $25 million gift to the college, the largest gift in its 53-year history. Maria Klawe is named to the board of directors of Microsoft Corp., becoming the 10th member and the second woman to serve on the current board. Annenberg Foundation provides $1 million grant for student scholarships.
n HMC ranks No. 2 in the category Best Engineering Colleges by Salary Potential by PayScale. n The n President

n The

Professors Robert Drewell (biology) and Nancy Lape (engineering) are awarded National Science Foundation (NSF) CAREER grants. Higginbotham 09 and Hallie Kuhn 09 are awarded the highly prestigious and competitive Churchill Scholarship, the first time two HMC students have been honored in the same year. HMC astronauts make their mark: Stan Love 87, left, completes mission aboard space shuttle Atlantis, and Pinky Nelson 72 is inducted into the U. S. Astronaut Hall of Fame. five-year $800,000 NSF grant underwrites a new Department of Mathematics postdoctoral fellowship program focused on teaching and research. purchases 11.46 acres, expanding the campus and preparing the college for future opportunities.
n A Learning Studio to showcase collaborative education is funded by a gift of $750,000 from Fletcher Jones Foundation. n HMC nA n Andrew

Instructor in Aeronautics Emerita Iris Critchell is among the Women Airforce Service Pilots (WASP) members to receive the Congressional Gold Medal.

Strategic Vision Success

During the 20082009 academic year, critically important progress was made toward the implementation of the strategic vision for Harvey Mudd College. Established in 2006, the six themes are: 1. 2. 3. 4. 5. 6. Innovation, Leadership and Impact, especially in engineering, science and mathematics Focus on Experiential and Interdisciplinary Learning Unsurpassed Excellence and Diversity at all levels Nurturing and Developing the Whole Person Global Engagement and Informed Contributions to Society Improvement of Infrastructure and Resources to support HMCs commitment to excellence and building community HMC is committed to undergraduate learning and research that will prepare its students for the demands of global citizenship. The college seeks to expand its impact and influence by sharing more broadly its expertise in science, technology, engineering and mathematics. George Boone, who served from 1922 to 1997, and E.M. Benson Jr., who served from 1974 to 1994. All were great advocates and supporters of HMC.
n Induction honors work in space exploration. George Pinky Nelson was inducted in May, along with fellow astronauts William Shepherd and Jim Whetherbee, into the U.S Astronaut Hall of Fame. Pinky is one of only four space shuttle astronauts to fly the Manned Maneuvering Unit untethered in space. He served as a NASA astronaut from 1978 to 1989.

Innovation, Leadership and Impact

Presidential honors. Mark Hendricks 10 and Nick Hill 12 were honored on separate occasions by President George W. Bush. Hendricks received the Presidential Volunteer Service Award for his work with the Order of the Arrow (Boy Scouts national honor society) and Hill received a Presidential Scholar Award. n Research tradition continues. The robust undergraduate research programa hallmark of an HMC educationcontinued during summer 2008. One hundred eighty students and 45 faculty undertook more than 100 research projects.
n

n New curriculum meets interdisciplinary goals. A new Core Curriculum meets strategic goals: interdisciplinary opportunities for all students; added flexibility to allow students to explore a wide range of interests; ability to study a foreign language within the first year; introduction of a true interdisciplinary lab elective. A $419,000 award from the Mellon Foundation helped to support the revision efforts. The new curriculum still retains its place as the most extensive core and humanities curriculum among HMCs peer institutions. n Board leadership. Joining the HMC Board of Trustees during 20082009 was Michael G. Wilson 63, recipient of an HMC Outstanding Alumni Award and chairman of the National Media Museum in Bradford, UK. Wilson is also producer of James Bond movies and a leading expert Michael G. Wilson on 19th century photography. Katy K. Wong 97, who served previously in the role of a young alumni board member, also joined the board. She is a Katy K. Wong staff systems engineer at Lockheed Martin Corp. Upon their retirement, the college celebrated the contributions of two extraordinary board members, E. Hubie Clark Jr. (37 years of service) and Wah Lim (seven years of service). Clark, recipient of an HMC honorary degree and a trustee from 1971 to 2008, oversaw the addition of a biology major and two residence halls and the strengthening of the colleges financial base. Lim played an instrumental role in the Clinic Program as chair of the Clinic Advisory Committee. The college remembers valued board members Trude T. Taylor and Kenneth A. Jonsson, who served during the year and have since passed away. Taylor was a board member from 1969 to 2008, and Jonsson from 1973 to 2009. We also remember former board members

Experiential and Interdisciplinary Learning

Experiential learning has been a predominant feature of an HMC education for several decades and is increasingly a part of many HMC courses. The tradition of student and faculty research collaboration remains strong, and plans are ongoing to expand the research program. HMC seeks to increase interdisciplinary learning, expand interdisciplinary majors and research projects and establish centers to stimulate and support interdisciplinary learning and research.

Clinic solutions in demand. Despite a tough economy, Clinic sponsors still found value in enlisting the help of students to solve challenging problems in computer science, mathematics, engineering and physics. For the 38 projects, participants included 208 students, 45 faculty advisers, 13 alumni liaisons and 36 sponsors. n Community engagement. Community partners continue to appreciate the technical expertise offered by HMC students and faculty. Local elementary children received enthusiastic science lessons from Science Bus volunteers, which include HMC students; the student chapter of the Society of Women Engineers had another award-winning conference for girls interested in learning about engineering; and students participated in the Strauss Internship for Social Understanding, a 10-week internship at a non-profit social service agency. Volunteers for Pathways, a mathematics outreach program based in the Department of Mathematics at HMC, continued to share their love of mathematics with K12 students in the Los Angeles area. HMCs Upward Bound program successfully served first-generation and low-income local students. HMC students face questions regarding the impact of their technical work upon society while developing tools to examine this relationship.
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h m c H n nC a l nrn u a l r R e 2 0 0 9 a M u A epo t port

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Positive Ratings
U.S. News & World Report ranked HMC No. 1 for selectivity among 529 liberal arts colleges and No. 2 among the nations undergraduate engineering programs. The college ranked No. 14 among 529 liberal arts colleges. (2009 edition of Americas Best Colleges). HMC ranked No. 1 among U.S. private baccalaureate colleges for the percentage of graduates who go on to earn Ph.D.s in science and engineering (Division of Science Resources Statistics, National Science Foundation)

Unsurpassed Excellence and Diversity

While working to increase the diversity of the HMC community, the college will maintain its commitment to the unsurpassed level of excellence in the achievements of its students, faculty and staff. HMC recognizes and celebrates the wide range of achievements by all members of the community.

n Distinctive additions to faculty. The departments of Mathematics, Physics, and Humanities, Social Sciences, and the Arts (HSA) each added faculty members. New to the faculty this year were Adam Edwards (physics, from Pomona College), Dagan Karp (mathematics, from UC Berkeley), Talithia Williams (mathematics, from NASA Johnson Space Center and the National Security Agency) and Chang Tan (HSA, Chinese language and culture, from University of Texas at Austin). Zuoyue Wang, associate professor of history at Cal Poly Pomona, served as the Hixon-Riggs Visiting Professor of Science, Technology, and Society. n Exceptional accomplishment. Faculty members Nancy Lape (engineering) and Robert Drewell (biology) received coveted CAREER grants from the National Science Foundation in support of their work. Lape is studying composite membranes and Drewell is investigating the gene structure of the common fruit fly. n Undergrad research champion honored. Professor of Physics James Eckert was awarded the American Physical Societys 2009 Prize to a Faculty Member for Research in an Undergraduate Institution. Eckert, an expert in magnetism and magnetic materials, has taught at HMC for 29 years and has engaged over 70 students in research. n Superior service. John Townsend, a member of the physics faculty for over 33 years, received the Henry T. Mudd Prize for his teaching excellence and mentorship. Mike Wheeler, machine shop manager for 16 years, received the Mary G. Binder Prize, awarded to exceptional support staff members. n Serving students. The college celebrated the 15-year tenure of Jean Noda, vice president and dean of students (and now Honorary Alumna), who left the position in September 2008. The HMC community selected Maggie Browning to succeed her. Browning was formerly master of Wilson College and associate professor of linguistics at Princeton University.

n Top results. In the William Lowell Putnam Mathematical Competition, perhaps the most challenging and prestigious undergraduate mathematics competition in North America, an HMC team placed 11th out of 545 colleges and universities, and nine students placed in the Top 500. An HMC team was named Outstanding (earned by only 13 out of 2,049 entries worldwide) and won the Mathematical Association of America Award prize in the annual Mathematical Contest in Modeling Competition. n Innovation informs industry. Bob Bell 72, along with an international team, won the $1 million Netflix Prize. The competition generated entries from more than 2,500 teams, which sought to create recommendation software to help Netflix accurately predict the movies its customers would like. n Doubly honored. For the first time, two HMC students were honored in the same year with a Churchill Scholarship awarded by The Winston Churchill Foundation. At the University of Cambridge in England, Andrew Higginbotham 09, a physics major, is studying optical properties and chemical structure in organic materials. Hallie Kuhn 09 is studying the virus responsible for cervical cancer. Both intend to pursue doctorates upon their return to the United States.

The Class of 2013, chosen from 2,340 applications, is another multi-talented group. Ninety-four percent were ranked in the top 10 percent of their high school class; 35 percent were either salutatorian or valedictorian.

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Nurturing and Developing the Whole Person

HMC is dedicated to nurturing and developing the whole person and to supporting personal growth and endeavors that foster creativity, leadership, teamwork, ethics and communication. The college seeks to help community members find time to reflect, to create and to pursue their passions.

A Mudd Family Legacy

The Harvey Mudd College community mourned the loss of Elise Mudd Marvin, one of the colleges strongest supporters, who died in January 2009. She gave generously to the college for nearly 40 years, providing support totaling more than $1 million. In 1998, she helped organize a reunion where more than 130 Mudd family members (including four of her own children and six grandchildren) celebrated Elise Mudd Marvin the college that bears the name they share. Beginning in 1989, she began supporting the Elise Mudd Marvin Annual Scholarship that has helped more than 50 students to date. Marvin was the daughter of Seeley Greenleaf Mudd, a former dean of medicine at University of Southern California, granddaughter of Colonel Seeley Wintersmith Mudd and the niece of Harvey S. Mudd, for whom the college was named when founded in 1955. Elise believed in the mission of Harvey Mudd College and especially appreciated the intimate atmosphere and excellent education that students are afforded here, said William Mingst, chair of the HMC Board of Trustees. Through her giving and scholarship support, the Mudd family tradition will live on and make a significant impact.

n Scholar athletes. Mudders continue to be actively involved in Claremont-Mudd-Scripps sports. Two swimmers, Jenni Rinker 11 and Vincent Pai 12, were honored for their achievements: Rinker was a member of relay teams that set records at the National Collegiate Athletic Association Division III Swimming and Diving Championships, and Pai was named an SCIAC Athlete of the Week during March 2009. n Extracurricular encouragement. Through Strategic Vision Funds administered by President Maria Klawe, many student projects have been supported. Awards given during 2008-2009 funded a service group that hosted events to raise awareness in the community about HIV and AIDS; supplies for the Science Bus organization; equipment for the Robotics Club; and funds to improve a vegetable garden on campus.

Distinctive Insight from Global Leaders

Scientists, business leaders and other distinguished guests visited the college and shared insight on topics from leadership to sustainability to engineering design and more. Many of these distinguished guests are listed here. 2008 Dr. Bruce J. Nelson Distinguished Speaker Series Jared Diamond
Pulitzer Prize-winning author and UCLA professor of geography

Mudd Design Workshop Malcolm Lewis 67

HMC Trustee, founder and CEO, Constructive Technologies Group

Hans van Drongelen and Renske Oldenboom

MOTIV project, Delft University of Technology

Jeremy Jackson
Senior scientist, Smithsonian Tropical Research Institute

Jared Diamond

Stephen Pacala
Professor and director, Princeton Environmental Institute

Black History Month Isiah Warner

Vice chancellor and professor, Louisiana State University

Diamond addressed an audience of nearly 1,000 people the largest speaker series turnout in HMC history.

Andrew Knoll
Fisher Professor of Natural History, Harvard University

Mathematics Conference Peter Bates

Michigan State University

2009 Annenberg Visiting Professors In Leadership And Management Series Richard Riordan
39th Mayor of Los Angeles

Hixon-Riggs Forum On Science, Technology and Society Zuoyue Wang

2008-09 Hixon-Riggs Visiting Professor in Science, Technology, and Society

Marye Anne Fox

Chancellor, University of California, San Diego

Li Zhang
The Chinese Academy of Sciences

Irwin Jacobs
Co-founder and former chairman of the board, Qualcomm

Rick Rashid
Senior vice president, Microsoft Research

51st Commencement Dean Kamen

CEO, inventor, founder, president of DEKA Research and Development Corporation

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Annika Eberle 09 demonstrates a solar distillation method to Kenyan students. Eberle, and a team that included two classmates and HMC Trustee Andrea Leebron-Clay, spent 16 days in Kenya on an educational mission to Clay International Secondary School.

Global Engagement and Informed Contributions to Society

HMC is expanding opportunities for students and faculty to study and work abroad and is increasing emphasis on global issues and their societal context in the curriculum, Clinics and research programs. The college is collaborating with key institutions locally and abroad. HMC alumni are using their creativity and innovation to make global impressions.

n Examining global issues. Engineering major Lauryn Baranowski 09 received a Fulbright scholarship for study in Singapore, where she will examine organic pollutants in water. Thomas J. Watson Fellowship winner Brandon Horn 09 will travel to several countries to study perceptions of the cosmos. Jonathan Simkin 09 and Christopher Strieter 09 were named Robert Day Scholars for the masters program in finance at Claremont McKenna College. n Exemplary contributions. The Alumni Association Board of Governors honored four Outstanding Alumni in May 2009: Robert De Pietro 69, Walter Foley 69, Frederick Sontag 64 and Bruce Worster 64. All four are members of the HMC Board of Trustees. n An enthusiasm for green. Students in Atwood Dorm won an Energy Conservation Competition with a 33 percent reduction in energy consumption. North Dorm residents reduced their consumption by 22 percent and Case Dorm by 20 percent. The contest, sponsored by the Educational Legacy Fund, challenged all on-campus residents to conserve as much energy as possible. n Influence on earth and in space. NASA Astronaut Stan Love 87 visited campus to share his experiences aboard the February 2008 STS-122 mission, during which he completed two space walks as part of the effort to perform construction and maintenance on the International Space Station. One of his spacewalks lasted eight hours, longer than all but a few other astronauts in NASA history. n Solar water method shared. Three HMC students spent 16 days in Kenya on an educational mission to share a solar water purification method at a secondary school. Support for the HMC group and their solar distillation project was provided by The Clay Foundation, founded by trustee Andrea Leebron-Clay and her husband, Jim; HMCs Shanahan Student-Directed Project Fund; and the HMC 2020 Strategic Vision Fund.

Destination of New Graduates

Year 2009 2008 2007 2006 Grad School 76 59 68 71 Industry 69 95 76 75 Other 19 20 20 30 Totals 164 174 164 176

Commitment to sustainability. Environmental considerations have become a part of daily decision making. As part of the American College and University Presidents Climate Commitment and HMCs Sustainability Policy Statement, HMC increased its use of renewable resources and incorporated sustainability concepts into its daily affairs. Projects conducted by students, faculty and staff included study of solar technologies, a new California native plant garden, installation of a real-time utility monitoring system in several dorms and recycling of old furnishings.
n

Other includes undecided, unknown, Peace Corps and Thomas J. Watson Fellowship.

2009 Median Starting Salary Range $65,000$69,999

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Improvement of Infrastructure and Resources

Achieving and sustaining excellence and innovation in education and research requires a high level of facilities, technical staff, equipment and information technology infrastructure. The college seeks to create world-class classroom and research facilities to provide an unparalleled engineering and science education.

n An inspiring gift. R. Michael Shanahan and his wife, Mary, pledged $25 million, the largest gift in HMCs 53-year history. The funds are being used to move forward the colleges strategic plan, adopted in 2006. n Technology to foster active learning. A Learning Studio, supporting collaborative and cross disciplinary learning, will soon be housed

in the Sprague Building. Funding for the renovation was made possible by a $750,000 grant from The Fletcher Jones Foundation. The learning studio space became available after the Sprague Library closed as a library facility and books were moved to Honnold Library and to a new Records Center in Claremont. n Inspirational learning facility. Plans are taking shape for an exciting new building (artists rendering, below) that will enable an inspirational, cross-disciplinary teaching and learning environment. Designs for an environmentally friendly building would meet high standards related to sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality. Boora Architects of Portland, Ore., is also seeking to create a new front door for those visiting and to bridge the invisible line that exists between the academic and residential areas of campus. The college is grateful to trustee Wayne Drinkward 73, president and CEO of Hoffman Construction Company, for funding and leading the planning of the building.

Coming soon: inspirational, cross-disciplinary teaching and learning environment.

A preliminary architectural rendering depicts how the interior courtyard of the new teaching and learning building might look.

Boora Architects

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Development Review | 08/09

by Marc Archambault, Vice President for College Advancement

uring the past year one in which so many colleges across the U.S. struggled financiallyHarvey Mudd College (HMC) not only met its fundraising goals, but positioned itself for another banner year. Thanks in no small part to Michael and Mary Shanahans visionary $25 million gift to help us prepare for the coming campaign, overall giving increased by 146 percent in fiscal year 2008-2009! Even apart from the Shanahans amazing gift, overall giving to HMC increased by 6 percent last yeara remarkable signal at a time when most other institutions have seen a drop in donor support. And yet, I cant say Im surprised. The HMC communityincluding trustees, alumni, parents and families, institutional partners and other friends of the collegehas proven time and time again to be a uniquely dedicated and visionary group. Thank you for your investment in the HMC educational experience and confirmation of the continued relevance of HMCs founding mission. Strategic Organization Fiscal year 20082009 brought a spirit of reinvention and reinvigoration to the Office of College Advancement. In preparation for the coming campaign, the Advancement team was reorganized into three specialized, yet collaborative groups focused on annual giving and constituency engagement, campaign planning and strategic support, and institutional communications. The team continues to develop more effective and efficient programs of engagement, communications, stewardship and fundraising to better serve the HMC family. And, Im pleased to report that some of our early efforts are already paying off: First steps to enhance our engagement of alumni have been enthusiastically received. Alumni Weekend 2009 brought a record-breaking 500+ alumni back to campus, and we continue to see higher attendance at other on-campus and regional events. We are committed to reconnecting with our amazing alumni, many of whom have shared with us their excite-

ment about the collegein FY 20082009, giving by alumni increased 16 percent, contributing to the 7 percent increase in giving to the Annual Fund. Moreover, gifts from graduating seniors increased by 7 percent, a testament to the strong bond between current students and the HMC community. Successful Collaborations Another highlight of FY 20082009 was a successful collaboration between the dean of the faculty, Advancement and the Department of Mathematics to produce the most successful Dr. Bruce J. Nelson 74 Distinguished Speaker Series to date. An array of nationally-recognized speakers drew the largest crowds ever to campus, overflowing our facilities and demonstrating to all the need to expand our infrastructure in order to keep pace with our real impact and vision. The 2009 Walter and Leonore Annenberg Visiting Professors in Leadership and Management Lecture Series was also a tremendous success, as President Maria Klawe welcomed innovative leaders to campus to share their experiences with students. Building upon President Klawes commitment to encouraging excellence and diversity at all levels, the Presidents Scholars Program (PSP) saw further growth in FY 2008-2009. PSP provides critical scholarship support to enable students from groups traditionally underrepresented in the STEM fields to receive an HMC education. While corporate support declined with the national economic downturn, gifts in support of PSP from individuals and foundations resulted in the programs best fundraising year to date. Ambitious Future Plans During FY 20092010, the Advancement team will work closely with the President, the Board of Trustees and the Presidents Cabinet as the college forges and refines ambitious plans for the future. The HMC community is excited that a three-year strategic vision planning process will soon result in an exciting implementation plan and a capital campaign. Leading the charge, HMC Trustees are stepping up and making significant early investments in HMCs six strategic vision goals: Innovation, Leadership, and Impact; Focus on Experiential and Interdisciplinary Learning; Unsurpassed Excellence and Diversity; Nurturing and Developing the Whole Person; Global Engagement and Informed Contributions to Society; and Improvement of Infrastructure and Resources.
continued on page 9

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Development Review

(continued)

Wayne Drinkward 73, president and CEO of Hoffman Construction Company, has made a remarkable commitment to HMCs new teaching and learning building, perhaps the most tangible embodiment of the colleges vision for innovative education. He has pledged $300,000 in support of campaign planning, and has donated his time and resources to the critical technical planning stage of the building. Inspiring Commitment Retiring trustee Ken Jonssons generous $1 million gift established the Kenneth A. and Diana G. Jonsson Professorship in Mathematics. To further support faculty, he created the Jonsson Endowed Fund for Mathematics Department Travel, which provides a permanent source of annual funding for workshops, colloquia and educational travel. It will

also help HMC broaden its national reach by supporting Clinic Program travel, professional development for faculty, special guest lecturers and community service programs. We continue to be awed and inspired by the visionary commitment of longtime supporters Michael and Mary Shanahan, who pledged the largest gift in HMCs 53-year history to support the planning necessary to make HMCs strategic vision a reality. With the challenges and opportunities confronting our world today, the mission of Harvey Mudd College has never been more relevant. As we prepare for the coming campaign, we look forward to discussing with you our developing plan to make HMCs strategic vision goals a reality and prepare our students and faculty to meet the challenges of our time.

Sources Of Gifts 7/1/2008-6/30/2009

Source
Alumni Corporations Clinics Current Trustees (includes Alumni and Parents) Foundations Faculty, Staff and Friends Government Other Donors Parents

Total Gifts And Total Alumni Gifts

Amount
$2,508,437 $948,890 $1,482,396 $15,172,702 $2,565,739 $393,241 $3,341,646 $133,005 $1,354,985 The dramatic rise in fundraising success sparked by President Maria Klawes arrival and launch of a new strategic direction for the college attests to the compelling power of her vision.

Gifts Fiscal Year

2006-07 2007-08 2008-09

Alumni
$1,647,916 $2,081,409 $2,508,437

Total
$12,659,328 $12,647,998 $26,385,456

Fund Raising Report

Fundraising totals tripled from FY 200708 to FY 200809. Grand Total Annual Fund Unrestricted/Scholarship Support Designated Support Remaining New Pledges Total Annual Fund Additional Gifts Unrestricted/Scholarship Support Endowment Designated Bequests to be Transferred Grants and Contracts Remaining New Pledges Total Additional Gifts 7/1/20076/30/2008 $15,901,871 $4,079,141 $810,855 $272,500 $5,162,496 $4,079,141 $1,019,473 $1,252,690 $153,811 $5,332,027 $2,981,374 $10,739,375 7/1/20086/30/2009 $43,128,076 $4,377,722 $370,755 $1,627,872 $6,376,349 $4,377,722 $979,608 $13,528,302 $1,000,000 $6,129,069 $15,114,748 $36,751,727

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Treasurer s Message | 08/09

by Andrew Dorantes, Vice President for Administration and Finance/Treasurer

arvey Mudd College has been able to endure this economic downturn with reasonable success. This success is primarily due to the significant efforts of the HMC Board of Trustees and the colleges administration, faculty and staff to be fiscally responsible, maintain conservative operating budgets, and exercise diligence in monitoring expenses throughout the year. Along with many colleges and universities, the college has seen a decline in our pooled investment funds, experiencing a loss of 17.2 percent. Following are highlights of the year just ended. Financial Position Harvey Mudd College ended the fiscal year with assets in excess of $313 million. This total is composed primarily of investments of $222 million and of land, buildings and equipment of $59 million. Liabilities of $19 million consist primarily of long-term bonds payable and of payables to annuitants and trust beneficiaries. During the 200809 fiscal year, total net assets decreased by $20 million. This decline in net assets was caused by a decrease in the value of the investment pool resulting from both realized and unrealized losses in the value of investments, partially offset by increased contributions. As of June 30, 2009, net assets totaled $294 million, composed of three net asset categories: unrestricted (those over which the college has full discretion) of $97 million; temporarily restricted (those given to the college for a specific purpose) of $98 million; and permanently restricted (those given to the college to be held in perpetuity) of $99 million. Financial Operations Total revenues were $82 million for fiscal year 200809 compared to $50 million for fiscal year 200708. This increase is due in large part to increased contributions. One significant contribution to the increase in revenue over the prior year was the receipt of a $25 million gift/pledge from a major donor. Total expenses for 200809 were approximately $47 million. For the year ending June 30, 2009, the college experienced an operating surplus of approximately $269,000, after a number of transfers to high

priority areas as approved by the Trustee Budget and Financial Planning Committee: $280,000 of additional support for the renewal and replacement fund, $228,000 to support the activities of the Advancement Department to prepare for a capital campaign, and $300,000 of additional support for financial aid. The key factors influencing the positive balance were lower than budgeted financial aid needs, higher contributions, and salary savings from unfilled positions, all of which were partially offset by lower interest income. Endowment Investments In an atmosphere in which equity markets registered severe declines and most endowments suffered significant negative returns, the endowment produced a total return of -17.2 percent for the fiscal year ending June 30, 2009. This total return compares with the Standard & Poor 500 index return of -26.2 percent and the Barclays Aggregate Bond index return of 6.1 percent. Market value of the endowment was $195 million at year end, representing an equivalent of $268,000 per student. Endowment payout provided 25 percent of the colleges operating revenues during the fiscal year. The college employs a formula that governs the annual payout of endowment earnings to support operations. Endowment payout will decline in the next several years and will impact the endowments ability to provide funding for operations. The formula is designed to balance the need for endowment resources to support current activities with the equally important goal of preserving the value of endowment funds for future generations of students and faculty. As we enter the next fiscal year, the endowment has partially rebounded as general market conditions have improved. There may still be significant financial and economic challenges to come and the college continues to monitor any developments. The endowment is positioned well both to manage further economic uncertainty and participate in market improvements. Summary Harvey Mudd Colleges administration and trustees have and will continue to prepare for various potential scenarios that may occur as a result of economic conditions. Conservative and fiscally responsible budgets have allowed the college to continue its mission of recruiting and educating the best and brightest college students in the areas of engineering, science and mathematics. With the leadership of President Maria Klawe and the board of trustees maintaining their focus on the HMC 2020 Strategic Vision, Harvey Mudd College is well positioned not only to weather the economic storm but also to thrive.

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$225000

$200000

$175000

$150000

Statement of Activities (Thousands of Dollars)

Tuition, fees, room and board Less financial aid $275000 Net student revenues Gifts, grants and contracts Endowment payout $250000 Other revenue Total revenue Expenses Instruction Research $200000 Public service Academic support Student services Institutional support $175000 Auxiliary enterprises Total expenses
$150000 Excess revenues over expenses $225000

Total Revenues
Net student revenues 29% Gifts, grants and contracts 55%

Revenue

2009
$34,655 (11,223) 23,432 45,495 11,444 1,728 82,099 18,916 2,658 737 5,249 4,923 7,945 6,447 46,875 35,224 (54,645) (1,016) $(20,437)

2008
$32,942 (10,416) 22,526 14,236 10,909 2,499 50,170 18,392 3,046 835 4,894 4,908 7,360 6,531 45,966 4,204 (13,000) (333) $(9,129) Instruction 40%

Other revenue 2%

Endowment payout 14%

Pooled investment (losses) Other changes in net assets Change in net assets

Total Expenses

Total Endowment Market Value

(Thousands of Dollars)
$275,000 $275000 $260,809 $249,256 $229,721 $225,000 $225000 $199,559 $194,705

Research 6% Public service 2% Academic support 11%

$250,000 $250000

Auxiliary enterprises 14%

$200,000 $200000

$175,000 $175000

$150,000 $150000

Institutional support 17%

6.30.05 6.30.06 6.30.07 6.30.08 6.30.09

Student services 10%

The colleges audited financial statements are located on the website: www.hmc.edu/about/administrativeoffices/bao1/financialaffairs1/financialstatement.html
HMC Annual Report 2009

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MAKING A MARK IN THE MUDD

The HMC Impact Project Alumni Survey
Harvey Mudd College and its alumni have a significant impact on a variety of fields and on the world. The HMC Impact Project Alumni Survey was launched in fall 2009 to gather noteworthy information about this impact to help the college tell the HMC success story. Through e-mail, the e-newsletter and direct mail, all alumni were invited to participate in the surveya fun and easy way to engage in the life of the college. The information gathered is already being used in marketing and branding materials to help increase the name recognition of Harvey Mudd College and to build the support needed to fulfill the strategic vision. Since its launch, more than 950 alumninearly 17 percent of the total alumni bodyhave participated in the effort. Alumni from around the globe are joining the effort to share their experiences. The HMC Impact Project Alumni Survey will remain active until June 30, 2010. The more responses we receive, the better we can understand our alumni body. If you are an alumnus/alumna and have not had the chance to take the survey, please visit www.hmc.edu/survey today. It only takes a few minutes to fill out, and your input is truly needed to make this project a success!

Initial Data Trends

( by percentage of respondents, as of March 1, 2010)

The statistics below paint a picture of success and achievement and reinforces the claim that Harvey Mudd College is making a significant difference in the world.
64.7% have received an advanced degree 56.6% have engaged in research since HMC 51% are published in their field 18.7% hold a patent 30.7% are educators or have worked in education 28.6% have worked in aerospace/defense 24% have worked in software development 21% have started their own company or been in a leadership group of a

new venture
30% have had a leadership role in a community, government, charitable,

philanthropic or social service organization

Impressions
HMC graduates describe the power and impact of an HMC education.

The most valuable skills I gained at HMC were general training in thinking and persistenceand humility, lots of humility.
Eric Busboom 93 CEO, Clarinova Software

HMC taught me to think critically, to learn and comprehend new material quickly, and to integrate information from multiple different disciplines and fields.
Brooke Basinger 01 project engineer, Abbot Medical Optics

The HMC experience did not just influence who I am today, it made me who I am today by helping me formulate what I believe in and how those beliefs define how I behave on a day-to-day basis.
Scott Smith 76 president and CEO, Rechnology Group International

www.hmc.edu/survey
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HMC Annual Report 2009

During the 51st commencement ceremony held May 17, 2009, 164 students earned degrees that will enable them to address the major challenges facing society.

Officers of the Corporation

WINTER 2009 Volume 9, No. 2 Produced by The Office of Advancement Communications Senior Director of Advancement - Communications Judy Augsburger Director of College Relations, Senior Editor Stephanie L. Graham Graphic Designer Janice Gilson College Photographer Kevin Mapp Vice President for College Advancement Marc Archambault www.hmc.edu The Harvey Mudd College Magazine/Annual Report (SSN 0276-0797) is published by Harvey Mudd College, Office of Advancement Communications, 301 Platt Boulevard, Claremont, CA 91711 Nonprofit Organization Periodicals Postage Paid at Claremont, CA 91711 Postmaster: Send address changes to Gift Processing, Advancement Services, Harvey Mudd College, 301 Platt Boulevard, Claremont, CA 91711 2010 Harvey Mudd College, all rights reserved. Harvey Mudd College does not discriminate on the basis of race, color, sex (gender or gender identity), sexual orientation, age, marital status, religion, disability, national origin, ethnic origin, or prior military service in any of its policies, procedures and practices.

Members of the Board

(July 1, 2008June 30, 2009)

William A. Mingst Chair, Board of Trustees R. Michael Shanahan Chair, Executive Committee Walter A. Foley 69, P99 Vice Chair Jude P. Laspa 65 Vice Chair Maria M. Klawe President of the College Marc L. Archambault Vice President for College Advancement/Assistant Secretary of the Corporation Thyra Briggs Vice President and Dean of Admission and Financial Aid Robert J. Cave Vice President and Dean of Faculty Andrew R. Dorantes Vice President for Administration and Finance/Treasurer Jeanne Noda (through Sept. 2008) Vice President and Dean of Students Karen Angemi Director of the Presidents Office and Secretary of the Corporation Kenneth L. Pifer Controller

An electronic version of the 20082009 Annual Report can be viewed at www.hmc.edu/annualreport09.

We Want to Thank You! We look forward to bringing you the 20092010 Honor Roll of Donors later this year.

This magazine was printed in the USA by an FSC-certified printer that emits 0% VOC emissions, using 30% post-consumer recycled paper and soy based inks.

David A. Baylor John Benediktsson 01 Michael W. Blasgen 63 Martha G. Dennis Robert S. De Pietro 69 Howard Deshong III 89 Wayne A. Drinkward 73 George M. Drysdale 76 Robin A. Ferracone Walter A. Foley 69, P99 Scott E. Fraser 76 Raymond E. Grainger 88 J. Dale Harvey Dylan Hixon Richmond J. Hoch 63 Jennifer Holladay 79 Edward E. Johnson Kenneth A. Jonsson Maria M. Klawe Anne Kroeker P06 Anthony W. LaFetra Edward A. Landry Jude P. Laspa 65 Andrea Leebron-Clay P99 Malcolm Lewis 67 Clifford A. Miller William A. Mingst Jeffery L. Mitchell 79 A. Barry Patmore Barbara A. Patocka P00 Federick H. Pickel 74 Greg Rae 00 Gary U. Rolle R. Michael Shanahan Frederick B. Sontag 64 Norman F. Sprague III, M.D. Trude C. Taylor William P. Wiesmann, M.D. Michael G. Wilson 63 Katy K. Wong 97 Bruce W. Worster 64

Cert no. SCS-COC-001035

301 Platt Boulevard, Claremont, CA 91711 www.hmc.edu

Recycled

A student Clinic team, advised by Oliver C. Field Professor of Engineering Economics Donald S. Remer, planned and installed the first photovoltaic solar panel system for Three Valleys Municipal Water District, which serves 10 cities. Rob Best 10 and Claire OHanlon 09 (shown) helped oversee the installation of the system, that will provide 2 kW of power and allow Three Valleys to meet customers needs for high-quality water in a cost-effective and environmentally sound manner. For more on HMCs global engagement efforts, see page 6.