The Liberal Arts College of Engineering, Science and Mathematics

2009 Annual Report

xtraordinary is the word that describes fiscal year 2008–2009. 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 nation’s 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 2008–09, 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. It’s been an extraordinary year. HMC’s 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 KlawePresident

A Message f rom the President

Contents

The Year’s Top News Strategic Vision Success

Development Reviewby Marc ArchambaultVice President forCollege Advancement

Treasurer’s Messageby Andrew DorantesVice President forAdministration and Finance/Treasurer

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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.

Maria Klawe

arvey Mudd College is consistently ranked among the top liberal arts and technical colleges in the country for several reasons—top-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 2008–2009, HMC was ranked the 14th best liberal arts college by U.S. News & World Report’s “America’s 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 nation’s 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 first-year 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 all-time high as evidenced by 100 percent participation in the 2008–2009 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 Drinkward’s 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 2008–2009 we added two new trustees to the board, and trustees are excited about the strategic vision and the direc-tion 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 understated—it 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. MingstChair, Board of Trustees

A Message f rom the Chair of the Board of Trustees

H M C A n n u a l R e p o r t 2 0 0 9 one

H

William A. Mingst

2 0 0 8 - 2 0 0 9 T h e Ye a r ’s To p N e w s

n The college is named one of the nation’s 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.

n President Maria Klawe is named to the board of direc-tors of Microsoft Corp., becoming the 10th member and the second woman to serve on the current board.

n The 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.

Professors Robert Drewell (biology) and Nancy Lape (engineering) are awarded National Science Foundation (NSF) CAREER grants.

n Andrew 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.

n A five-year $800,000 NSF grant underwrites a new Department of Mathematics postdoctoral fellowship program focused on teaching and research.

n HMC purchases 11.46 acres, expanding the campus and preparing the college for future opportunities.

n A Learning Studio to showcase collaborative educationis funded by a gift of $750,000 from Fletcher Jones Foundation.

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

During the 2008–2009 academic year, critically important prog-ress was made toward the implementation of the strategic vision for Harvey Mudd College. Established in 2006, the six themes are:

Innovation, Leadership and Impact, especially in engineering, 1. science and mathematicsFocus on Experiential and Interdisciplinary Learning2. Unsurpassed Excellence and Diversity at all levels3. Nurturing and Developing the Whole Person4. Global Engagement and Informed Contributions to Society5. Improvement of Infrastructure and Resources to support 6. HMC’s commitment to excellence and building community

n New curriculum meets interdisciplinary goals. A new Core Cur-riculum 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; in-troduction 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 HMC’s peer institutions.

n Board leadership. Joining the HMC Board of Trustees during 2008–2009 was Michael G. Wilson ’63, recipi-ent 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 on 19th century photogra-phy. Katy K. Wong ’97, who

served previously in the role of a young alumni board member, also joined the board. She is a 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 college’s 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

S t r a t e g i c V i s i o n S u c c e s s

h m c a n n u a l r e p o r t 2 0 0 9 three

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 unteth-ered in space. He served as a NASA astronaut from 1978 to 1989.

n Presidential honors. Mark Hendricks ’10 and Nick Hill ’12 were hon-ored on separate occasions by President George W. Bush. Hendricks re-ceived the Presidential Volunteer Service Award for his work with the Order of the Arrow (Boy Scouts’ national honor society) and Hill received a Presi-dential Scholar Award.

n Research tradition continues. The robust undergraduate research pro-gram—a hallmark of an HMC education—continued during summer 2008. One hundred eighty students and 45 faculty undertook more than 100 research projects.

n Clinic solutions in demand. Despite a tough economy, Clinic spon-sors 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 elementa-ry 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 learn-ing 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 K–12 students in the Los Angeles area. HMC’s Upward Bound program successfully served first-generation and low-income local students. HMC students face questions regarding the impact of their techni-cal work upon society while developing tools to examine this relationship.

Innovation, Leadership and Impact

HMC is committed to undergraduate learning and research that will pre-pare 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.

H M C A n n u a l R e p o r t 2 0 0 9

Experiential andInterdisciplinary 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 col-laboration remains strong, and plans are ongoing to expand the research program. HMC seeks to increase interdisciplinary learning, expand interdisciplinary majors and research projects and estab-lish centers to stimulate and sup-port interdisciplinary learning and research.

Michael G. Wilson

Katy K. Wong

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.

n Distinctive additions to faculty. The departments of Mathematics, Physics, and Humanities, Social Sciences, and the Arts (HSA) each add-ed 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, Chi-nese 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 (engi-neering) 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 Society’s 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 se-lected 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 Com-petition, 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 interna-tional team, won the $1 million Netflix Prize. The competition generated entries from more than 2,500 teams, which sought to create recommen-dation software to help Netflix accurately predict the movies its customers would like.

n Doubly honored. For the first time, two HMC students were hon-ored in the same year with a Churchill Scholarship awarded by The Winston Churchill Foundation. At the University of Cambridge in Eng-land, 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.

UnsurpassedExcellenceandDiversity

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 cele-brates the wide range of achievements by all members of the community.

Positive RatingsU.S. News & World Report ranked HMC No. 1 for selectivity among 529 liberal arts colleges and No. 2 among the nation’s undergraduate engineering programs. The college ranked No. 14 among 529 liberal arts colleges. (2009 edition of “America’s 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)

H M C A n n u a l R e p o r t 2 0 0 9four

Nurturing andDeveloping theWholePerson

HMC is dedicated to nurturing and de-veloping the whole person and to sup-porting personal growth and endeav-ors 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.

n Scholar athletes. Mudders continue to be actively involved in Cla-remont-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 Champion- ships, 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.

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.

Distinctive Insight from Global Leaders

2008 Dr. Bruce J. Nelson Distinguished Speaker SeriesJared Diamond Pulitzer Prize-winning author and UCLA professor ofgeography

Jeremy JacksonSenior scientist, Smithsonian Tropical Research Institute

Stephen PacalaProfessor and director, Princeton Environmental Institute

Andrew KnollFisher Professor of Natural History, Harvard University

2009 Annenberg Visiting Professors In Leadership And Management SeriesRichard Riordan39th Mayor of Los Angeles

Marye Anne FoxChancellor, University of California, San Diego

Irwin JacobsCo-founder and former chairman of the board, Qualcomm

Rick RashidSenior vice president, Microsoft Research

Mudd Design WorkshopMalcolm Lewis ’67HMC Trustee, founder and CEO, Constructive Technologies Group

Hans van Drongelen and Renske OldenboomMOTIV project, Delft University of Technology

Black History MonthIsiah WarnerVice chancellor and professor, Louisiana State University

Mathematics ConferencePeter BatesMichigan State University

Hixon-Riggs Forum On Science, Technology and SocietyZuoyue Wang2008-09 Hixon-Riggs Visiting Professor in Science, Technology, and Society

Li ZhangThe Chinese Academy of Sciences

51st CommencementDean KamenCEO, inventor, founder, president of DEKA Research and Development Corporation

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

Jared Diamond

H M C A n n u a l R e p o r t 2 0 0 9 five

A Mudd Family LegacyThe Harvey Mudd College com-munity mourned the loss of Elise Mudd Marvin, one of the college’s strongest supporters, who died in January 2009.

She gave generously to the college for nearly 40 years, pro-viding 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 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 stu-dents 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.”

Elise Mudd Marvin

Destination of New Graduates

Year Grad Industry Other Totals School 2009 76 69 19 1642008 59 95 20 1742007 68 76 20 1642006 71 75 30 176

2009 Median Starting Salary Range

$65,000–$69,999

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

HMC is expanding opportu-nities for students and facul-ty to study and work abroad and is increasing emphasis on global issues and their societal context in the cur-riculum, Clinics and research programs. The college is collaborating with key insti-tutions locally and abroad.HMC alumni are using their creativity and innovation to make global impressions.

Global Engagement and InformedContributions to Society

n Commitment to sustainability. Environmental considerations have become a part of daily decision making. As part of the American Col-lege and University Presidents Climate Commitment and HMC’s Sus-tainability Policy Statement, HMC increased its use of renewable re-sources 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 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 master’s 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 En-ergy 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 con-serve as much energy as possible.

n Influence on earth and in space. NASA Astronaut Stan Love ’87 vis-ited 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, found-ed by trustee Andrea Leebron-Clay and her husband, Jim; HMC’s Shanahan Student-Directed Project Fund; and the HMC 2020 Strate-gic Vision Fund.

Annika Eberle ’09 demonstrates a solar distillation method to Kenyan stu-dents. 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.

H M C A n n u a l R e p o r t 2 0 0 9six

Coming soon:

inspirational, cross-disciplinary teaching and learning environment.

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n An inspiring gift. R. Michael Shanahan and his wife, Mary, pledged $25 million, the largest gift in HMC’s 53-year history. The funds are being used to move forward the college’s strategic plan, adopted in 2006.

n Technology to foster active learning. A Learning Studio, support-ing collaborative and cross disciplinary learning, will soon be housed

Improvementof Infrastructureand Resources

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

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 ex-citing new building (artist’s 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 at-mosphere, 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 plan-ning of the building.

Boora Architects

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

by Marc Archambault, Vice President for College Advancement

Development Rev iew | 08/09

ment about the college—in FY 2008–2009, 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 2008–2009 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 Dis-tinguished Speaker Series to date. An array of nationally-recognized speakers drew the largest crowds ever to campus, overflowing our facilities and dem-onstrating 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 Klawe’s commitment to encouraging excel-lence and diversity at all levels, the President’s 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 program’s best fundraising year to date.

Ambitious Future PlansDuring FY 2009–2010, the Advancement team will work closely with the President, the Board of Trustees and the President’s 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 re-sult in an exciting implementation plan and a capital campaign. Leading the charge, HMC Trustees are stepping up and making significant early investments in HMC’s 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 Improve-ment of Infrastructure and Resources.

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cont inued on page 9

D uring the past year—one in which so many colleges across the U.S.

struggled financially—Harvey 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 Shanahan’s visionary $25 million gift to help us prepare for the coming campaign, overall giv-ing increased by 146 percent in fiscal year 2008-2009! Even apart

from the Shanahan’s amazing gift, overall giving to HMC increased by 6 per-cent last year—a remarkable signal at a time when most other institutions have seen a drop in donor support. And yet, I can’t say I’m surprised. The HMC community—including trustees, alumni, parents and families, institutional partners and other friends of the college—has proven time and time again to be a uniquely dedicated and visionary group. Thank you for your invest-ment in the HMC educational experience and confirmation of the continued relevance of HMC’s founding mission.

Strategic Organization Fiscal year 2008–2009 brought a spirit of reinvention and reinvigoration to the Office of College Advancement. In preparation for the coming cam-paign, the Advancement team was reorganized into three specialized, yet collaborative groups focused on annual giving and constituency engage-ment, campaign planning and strategic support, and institutional com-munications. The team continues to develop more effective and efficient programs of engagement, communications, stewardship and fundraising to better serve the HMC family. And, I’m 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-

H M C A n n u a l R e p o r t 2 0 0 9 nine

Development Rev iew (cont inued)

7/1/2007–6/30/2008 7/1/2008–6/30/2009GrandTotal $15,901,871 $43,128,076AnnualFund

Unrestricted/Scholarship Support $4,079,141 $4,377,722Designated Support $810,855 $370,755Remaining New Pledges $272,500 $1,627,872

TotalAnnualFund $5,162,496 $6,376,349

AdditionalGiftsUnrestricted/Scholarship Support $4,079,141 $4,377,722Endowment $1,019,473 $979,608Designated $1,252,690 $13,528,302Bequests to be Transferred $153,811 $1,000,000Grants and Contracts $5,332,027 $6,129,069Remaining New Pledges $2,981,374 $15,114,748

TotalAdditionalGifts $10,739,375 $36,751,727

FundRaisingReport

TotalGiftsAndTotalAlumniGifts

The dramatic rise in fundraising success sparked by President Maria Klawe’s arrival and launch of a new strategic direction for the college attests to the compelling power of her vision.

Gifts Fiscal Year Total Alumni 2006-07 $12,659,328 $1,647,916 2007-08 $12,647,998 $2,081,409

2008-09 $26,385,456 $2,508,437

SourcesOfGifts 7/1/2008-6/30/2009

Source Amount Alumni $2,508,437Corporations $948,890Clinics $1,482,396Current Trustees (includes Alumni and Parents) $15,172,702Foundations $2,565,739Faculty, Staff and Friends $393,241Government $3,341,646Other Donors $133,005Parents $1,354,985

Wayne Drinkward ’73, president and CEO of Hoffman Construc-tion Company, has made a remarkable commitment to HMC’s new teaching and learning building, perhaps the most tangible embodi-ment of the college’s 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 CommitmentRetiring trustee Ken Jonsson’s 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 Math- ematics 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 HMC’s 53-year history to support the planning necessary to make HMC’s 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 pre-pare for the coming campaign, we look forward to discussing with you our developing plan to make HMC’s strategic vision goals a reality and prepare our students and faculty to meet the challenges of our time.

Fundraising totals tripled from FY 2007–08 to FY 2008–09.

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

Treasurer ’s Message | 08/09

arvey Mudd College has been able to en-dure this economic

downturn with reasonable success. This success is primarily due to the significant efforts of the HMC Board of Trustees and the college’s administration, faculty and staff to be fiscally responsible, maintain conservative operating budgets, and exercise diligence in monitor-ing 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 PositionHarvey Mudd College ended the fiscal year with assets in excess of $313 million. This total is composed primarily of investments of $222 mil-lion 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 2008–09 fiscal year, total net assets decreased by $20 million. This decline in net assets was caused by a decrease in the value of the invest-ment 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 OperationsTotal revenues were $82 million for fiscal year 2008–09 compared to $50 million for fiscal year 2007–08. 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 2008–09 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 replace-ment fund, $228,000 to support the activities of the Advancement Depart-ment 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 InvestmentsIn an atmosphere in which equity markets registered severe declines and most endowments suffered significant negative returns, the endowment pro-duced 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 college’s 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 endowment’s 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 gen-erations 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 man-age further economic uncertainty and participate in market improvements.

SummaryHarvey Mudd College’s 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 bright-est 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.

H M C A n n u a l R e p o r t 2 0 0 9ten

H

H M C A n n u a l R e p o r t 2 0 0 9 eleven

The college’s audited financial statements are located on the website: www.hmc.edu/about/administrativeoffices/bao1/financialaffairs1/financialstatement.html

Total Revenues

$150000

$175000

$200000

$225000

$250000

$275000

Gifts, grants and contracts 55%

Net student revenues 29%

Other revenue 2%

Endowment payout 14%

Total Expenses

$150000

$175000

$200000

$225000

$250000

$275000

Research 6%

Public service 2%

Academic support 11%

Student services 10%

Instruction 40%

Auxiliary enterprises 14%

Institutional support 17%

Statement of Activities (Thousands of Dollars) 2009 2008Revenue Tuition, fees, room and board $34,655 $32,942 Less financial aid (11,223) (10,416)

Net student revenues 23,432 22,526 Gifts, grants and contracts 45,495 14,236 Endowment payout 11,444 10,909 Other revenue 1,728 2,499

Total revenue 82,099 50,170

Expenses Instruction 18,916 18,392 Research 2,658 3,046 Public service 737 835 Academic support 5,249 4,894 Student services 4,923 4,908 Institutional support 7,945 7,360 Auxiliary enterprises 6,447 6,531

Total expenses 46,875 45,966 Excess revenues over expenses 35,224 4,204 Pooled investment (losses) (54,645) (13,000)Other changes in net assets (1,016) (333) Change in net assets $(20,437) $(9,129)

$275,000

$250,000

$225,000

$200,000

$175,000

$150,000$150000

$175000

$200000

$225000

$250000

$275000

Total Endowment Market Value (Thousands of Dollars)

6.30.05 6.30.06 6.30.07 6.30.08 6.30.09

$199,559

$229,721

$260,809

$249,256

$194,705

H M C A n n u a l R e p o r t 2 0 0 9twelve

MAKING A MARK IN THE MUDDThe HMC Impact Project Alumni SurveyHarvey 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 survey—a 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 alumni—nearly 17 percent of the total alumni body—have 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 min-utes to fill out, and your input is truly needed to make this project a success!

www.hmc.edu/survey

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

“HMC taught me to think criti-cally, to learn and comprehend new material quickly, and to integrate information from multiple different disciplines and fields.”

Brooke Basinger ’01project engineer, Abbot Medical Optics

“The HMC experience did not just influence who I am today, it made me who I am today by helping meformulate what I believe in and how those beliefs define how I behave on a day-to-day basis.”

Scott Smith ’76president and CEO, Rechnology GroupInternational

“The most valuable skills I gained at HMC were general training in thinking and persistence—and humility, lots of humility.”

Eric Busboom ’93CEO, Clarinova Software

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

WINTER 2009Volume 9, No. 2

Produced by The Office of Advancement Communications

Senior Director of Advancement - Communications Judy Augsburger

Director of College Relations, Senior EditorStephanie L. Graham

Graphic DesignerJanice Gilson

College PhotographerKevin Mapp

Vice President for College AdvancementMarc 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, 2008–June 30, 2009)

David A. BaylorJohn Benediktsson ’01Michael W. Blasgen ’63Martha G. DennisRobert S. De Pietro ’69Howard Deshong III ’89Wayne A. Drinkward ’73George M. Drysdale ’76Robin A. FerraconeWalter A. Foley ’69, P99Scott E. Fraser ’76Raymond E. Grainger ’88J. Dale HarveyDylan HixonRichmond J. Hoch ’63Jennifer Holladay ’79Edward E. JohnsonKenneth A. JonssonMaria M. KlaweAnne Kroeker P06Anthony W. LaFetraEdward A. LandryJude P. Laspa ’65Andrea Leebron-Clay P99Malcolm Lewis ’67Clifford A. MillerWilliam A. MingstJeffery L. Mitchell ’79A. Barry PatmoreBarbara A. Patocka P00Federick H. Pickel ’74 Greg Rae ’00Gary U. RolleR. Michael ShanahanFrederick B. Sontag ’64Norman F. Sprague III, M.D.Trude C. TaylorWilliam P. Wiesmann, M.D.Michael G. Wilson ’63Katy K. Wong ’97Bruce W. Worster ’64

Officers of the Corporation

William A. MingstChair, Board of Trustees

R. Michael ShanahanChair, Executive Committee

Walter A. Foley ’69, P99Vice Chair

Jude P. Laspa ’65Vice Chair

Maria M. KlawePresident of the College

Marc L. ArchambaultVice President for College Advancement/Assistant Secretary of the Corporation

Thyra BriggsVice President and Dean ofAdmission and Financial Aid

Robert J. CaveVice President and Dean of Faculty

Andrew R. DorantesVice President for Administration and Finance/Treasurer

Jeanne Noda (through Sept. 2008) Vice President and Dean of Students

Karen AngemiDirector of the President’s Office and Secretary of the Corporation

Kenneth L. PiferController

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

An electronic version of the 2008–2009 Annual Report can be viewed at www.hmc.edu/annualreport09.

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.

®

WeWanttoThankYou!We look forward to bringing you the 2009–2010 Honor Roll of Donors later this year.

Cert no. SCS-COC-001035

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

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 O’Hanlon ’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 HMC’s global engagement efforts, see page 6.

Recycled