MESSAGE FROM THE CHAIR - Pepperdine University · gossiping, and aggression. As founders of the nonprofit kind Campaign, they have traveled to schools across the country to promote

MESSAGE FROM THE CHAIR

The somber subject matter of the 24-hour news cycle may be shaping the conversation in boardrooms, water coolers, and kitchen tables around the country, but not at Pepperdine. It’s not that our administrators, faculty, students, and staff are untouched by the harsh fiscal realities of our time; we have chosen not to focus on them alone.

Our students, among the brightest in the world, show no symptoms of discouragement by the challenges they are inheriting. Instead, they seem to be stimulated by these demands and eager to develop solutions. Pepperdine provides the perfect environment for learning. By strengthening heart, soul, body, and mind, the University is preparing these students to develop real solutions to address very real problems.

Therefore, it has never been more important for the University to fortify and improve the educational framework that makes this possible. I commend President Benton and his leadership team for wisely, cautiously, yet shrewdly steering the University through very difficult waters over the past year. Their fiscal management of this crisis overshadows most institutions that now face a very uncertain future. Through swift action, the leadership team stemmed losses quickly, managed cash flow by curtailing spending, and employed other cost-cutting measures, all while holding tuition down—no easy task.

I also commend and thank the faculty and staff for adapting to the challenges, often accepting a greater workload and taking on new responsibilities so that the student experience would not be diminished. Pepperdine is built, tended to, and advanced by a community. That has never been so apparent as it was this last year.

With unemployment skyrocketing and the threat of inflation increasing, the end of the world financial crisis is not yet in sight. We anticipate fluctuations in enrollment levels of some of our programs as long as credit is tight, the job market is weak, and the state and federal budgets are overextended. However, the performance of the past year gives us confidence that the fiscal policies of this administration are sound and that the determination of the faculty and staff is sure. Through continued thoughtful management of our resources, Pepperdine is poised to achieve its most ambitious goals.

Most importantly, as you review this annual report, I hope you will enjoy learning more about the exciting and encouraging stories of our students and their accomplishments; for they are the inspiration to those of us who serve and support Pepperdine.

“Soberness and restraint do

not necessarily prevent the

joyous expression of the

human heart.” —Winston Churchill, 1945

Ed Biggers Chair, Board of Regents

www.pepperdine.edu/annualreports/2009

MESSAGE FROM THE PRESIDENT

What a remarkable year 2009 has been. In fact, I haven’t experienced one quite like it since I’ve been at Pepperdine. Though it would be easy to fixate on the financial crisis that has gripped the nation and much of the world, it would be a mistake to race past all the goodness of the past year. The service, the scholarship, the many achievements flowing from our students, faculty,

and alumni is astounding. By anyone’s measure, Pepperdine’s output is remarkable.

The story of Pepperdine’s successful year starts with a community that pulled together in the face of adversity. We learned to accomplish more with fewer resources. We reduced expenses significantly and redoubled our efforts to ensure that our current students could continue their education in spite of the economic hardship. One of our proudest moments came when we learned that of all eligible Seaver College undergraduate students, 96.6 percent enrolled to return.

The majority of our enrollment targets have been met and several have been exceeded. Demand for a Pepperdine education is as strong as ever. In fact, it has caught us a bit off guard. The record number of admitted students enrolled in our Malibu programs this last year strained our ability to house them all. (It’s a challenge I am only too happy to accept.)

Though I suspect we have not seen the end of this crisis, I am confident that the measures we have taken have positioned us well to fend off the threats of the

next surge of this financial storm, if indeed it comes. Pepperdine is prepared to venture far into the future because of the difficult decisions and the multitude of sacrifices that have been made this past year.

In the meantime, we have seen a surge of activity on and off campus. The Mullin Town Square project in Malibu was completed, adding new state-of-the-art classrooms and beautiful lecture space. More importantly, it has added a real sense of community to the heart of our campus.

Our alumni continue to be active throughout the world as entrepreneurs, business leaders, and community volunteers. The Waves of Service initiative was launched to support and recognize the good that Pepperdine Waves are doing worldwide. Our alumni are networking with each other and are mentoring and hiring our students like never before.

I hope you will find this annual report to be an honest appraisal of the past fiscal year. The challenges we faced and met are clearly presented, as are the measures we have taken to defend against other financial threats. But remember, the facts and figures presented in this report are only part of the story. The truest Pepperdine story emerges through the stories of students, faculty, and alumni. Let me encourage you to read and savor every word. Don’t race past the good that is being done around you.

“DON’T RACE PAST THE GOODNESS.”

Andy Benton President

OUR STORIES

WE ArE nOT In A POSITIOn In WHICH WE HAvE nOTHIng TO WOrk WITH. We already have capacities, talents, direction, missions, callings. —AbrahamMaslow

“When I think of home, I think of family. But I will never have that back. It has all been destroyed,” says “S.,” an internally displaced Azerbaijani forced from her home in the contested nagorno-karabakh region 15 years ago.

Master of public policy student Morgan Beach is working to shine a spotlight on the precarious condition of Azerbaijani IDPs like S., and the stakes involved in finding them a permanent home.

“I was meant to work with people who needed their stories to be heard, who couldn’t do it themselves.”

Chris Hoff enrolled in the marriage and family therapy (MFT) program at the graduate School of Education and Psychology envisioning a future in private practice, but working with the Social Justice Collaborative has changed his perspective.

“My idea of what an MFT can be and do has expanded,” he says. “My responsibility goes beyond the office walls—to advocating for the marginalized and underserved in my community.”

The student group promotes social responsibility and dialogue related to multicultural issues, social inequalities, and working in underserved communities. “It’s about being a curious observer and being there to listen, because everyone has a story, and we all want to tell it.”

The return Journey Morgan Beach Explores a Way Home for the Internally Displaced of Azerbaijan

Moving Beyond Office WallsThe Social Justice Collaborative Offers Students Lessons in Advocacy and Understanding

This year we celebrate members of the Pepperdine community who have embraced a higher calling in their lives.

To read more of their stories

and watch their videos:



“In discussing the relationship between Jews, Christians, and Muslims, we all know the issues that divide us, but there are many things that unite us,” says roger P. Alford, professor of law and director of the Diane and guilford glazer Institute for Jewish Studies at Pepperdine.

These unifying factors take on critical importance in the study of religion and law, Alford’s area of expertise. With a master of divinity and juris doctorate, Alford had built a successful legal career and acquired a wealth of experience regarding world religions by the time he joined the Pepperdine law faculty in 2000.

“At Pepperdine, we are serious about our Christian tradition, and that affords us the opportunity to be serious about the faith of others; to respect and honor other traditions in a spirit of civility and good faith.”

Aaryn Pratt (MS ‘05) has achieved professional success, is a proud mother of two, and actively participates in her community. You’d never suspect that she spent a tumultuous childhood in foster care.

Determined to do something to help other foster children break the cycle, Pratt won a $50,000 grant to implement an e-learning platform to train volunteers to become Court Appointed Special Advocates (CASA). CASA advocates are sworn officers of the court, appointed to investigate and report on the best interests of foster children.

Pratt hopes the program will touch the lives of thousands of foster children. “I will always be working toward a foster-free future; it’s a lifelong commitment.”

Lauren Parsekian (‘09) and Molly Stroud (‘09) have taken to America’s schools to fight “girl-against-girl” crime: manipulation, bullying, gossiping, and aggression.

As founders of the nonprofit kind Campaign, they have traveled to schools across the country to promote positive relationships between girls and combat the breakdown of sisterhood.

Says Stroud, “girls will not always be best friends; that is unrealistic. But we’re showing them the value of understanding and respect.”

Aaryn Pratt Has a Mission: A Foster-Free Future

The Campaign for Sisterhood Alumnae Address Female Adolescent violence

The Pursuit of reconciliation Professor roger Alford Spurs Dialogue on Law and religion at the School of Law

In a year at Pepperdine University, each moment highlights an element of what makes this place and this community so special: academic excellence, athletic achievement, meaningful service, world-class opportunities, and more. Here we pause to look back at a few of the memorable things that happened in 2009.

THE YEAR IN REVIEW

Justice Thomas

Elizabeth Lowery

rodney Honeycutt

Ed Larson

kathryn karlic

Justice O’Connor

Justice Alito

The School of Law continued its long tradition of hosting U.S. Supreme Court justices by hosting four of them—Roberts, Alito, O’Connor, and Thomas—in one academic year.

For the second consecutive year, five students earned prestigious Fulbright Awards. The winners were all women, and 2009 graduates of Seaver College. From left: liberal arts and education major Julie Presant; Spanish and German major Leslie Reed; English writing and rhetoric major Lindsey Banister; English literature major Lillian Kwok; and biology and biochemistry major Anjel Helms.

The Dean’s Executive Leadership Series at the Graziadio School of Business and Management featured a stellar all-female lineup, including General Motors vice president Elizabeth Lowery and Kathryn Karlic of GE Asset Management.

Pepperdine University was named the No. 2 producer of Peace Corps volunteers among all small colleges in California, and produced 18 Teach for America participants among its graduates.

Scholar and author Victor Davis Hanson served as the Spring 2009 William E. Simon Distinguished Visiting Professor at the School of Public Policy, exploring such topics as presidential rhetoric, policy changes, and the media at the podium and in the classroom.

Biologist Rodney Honeycutt and Pulitzer Prize-winner Ed Larson were named “University Professors,” Pepperdine’s highest distinction.


The Boone Center for the Family hosted its first Family of Faith Network Conference, providing an opportunity to share ideas, applications, and strategies conducive to promoting healthy relationships, as well as a setting for the personal renewal and reflection that allows relationships to prosper.

The School of Law’s Straus Institute for Dispute Resolution was ranked the No. 1 program by U.S. News & World Report for the fifth consecutive year.

Pepperdine athletics was in the spotlight across the conference and country, producing 10 All-American athletes and 44 All-Conference athletes. Seven teams advanced beyond the regular season into NCAA competition, led by No. 2-ranked men’s water polo.

The second triennial Parkening International Guitar Competition brought classical guitarists from around the world—including winner Emanuele Buono of Italy—to perform in Smothers Theatre.

On the heels of Pepperdine’s Great Communion service, author Leonard Allen presented “The Bicentennial of an American Christian Classic” as the featured lecturer of the 30th annual William M. Green Distinguished Christian Scholar Lecture Program. The series brings to Pepperdine’s campus outstanding scholars from Churches of Christ.

Pepperdine celebrated the official opening of the University’s newest piece of property: 2011 Pennsylvania Avenue. Located just blocks from the White House, the facility is the new, permanent home for the Washington, D.C. Internship Program.

To learn about these highlights and more, watch the Year in review video: www.pepperdine.edu/annualreports/2009

See accompanying notes to consolidated financial statements.

2

PEPPERDINE UNIVERSITY Consolidated Statements of Financial Position

At July 31, 2009 and 2008 (In thousands)

2009 2008

ASSETS Cash and cash equivalents ............................................................. $ 44,650 $ 39,193 Student receivables, less allowance for doubtful accounts of $1,518 and $1,012, respectively............... 3,617 4,070 Other accounts receivable .............................................................. 5,791 5,730 Student loans, less allowance for loan losses of $1,697 and $2,020, respectively.......................... 27,244 28,005 Contributions receivable, net ......................................................... 25,853 24,762 Prepaid expenses, inventories and other assets .............................. 5,717 6,633 Investments .................................................................................... 658,995 813,148 Assets held as trustee or agent ....................................................... 104,987 112,719 Property, facilities and equipment, net........................................... 334,502 315,277 Total assets ...................................................................... $ 1,211,356 $ 1,349,537

LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued liabilities ................................... $ 36,703 $ 22,737 Accrued salaries and wages ....................................................... 3,067 2,985 Student deposits, advance payments and deferred revenue..................................................................... 9,859 10,136 US government-funded student loans ........................................ 14,126 13,838 Trust and agency obligations ..................................................... 67,794 69,239 Long-term obligations................................................................ 226,734 209,000 Total liabilities................................................................. 358,283 327,935 Net assets: Unrestricted................................................................................ 485,358 664,792 Temporarily restricted................................................................ 104,701 75,442 Permanently restricted................................................................ 263,014 281,368 Total net assets................................................................. 853,073 1,021,602 Total liabilities and net assets .......................................... $ 1,211,356 $ 1,349,537

MESSAGE FROM THE CHIEF FINANCIAL OFFICER

LAST YEAR’S REPORT NOTED THAT PEPPERDINE UNIVERSITY HAD bEEN THROUGH A CHALLENGING YEAR. We believed at that time that Pepperdine would face even more obstacles in fiscal 2009 as a result of the continuing economic downturn. Unfortunately our prediction was correct. Fiscal 2009 proved to be one of the most fiscally challenging years that the University has faced in its history. While the difficulties were

indeed great, the blessings of god on this institution and the resolve of our community were more than sufficient to overcome any economic hindrance.

It’s a fairly simple exercise to examine the University’s financial statements and quickly ascertain that we suffered a great financial loss in fiscal 2009. Principally as a result of investment declines, the University’s net assets decreased nearly 17 percent, or $169 million, to total $853 million at fiscal year end. We were not alone in experiencing losses of this significance. In the midst of the recent economic downturn, scores of colleges and universities suffered investment losses of such magnitude that some of this country’s most well-respected and best known institutions were forced to make immediate and potentially devastating cuts. Many of these institutions relied on endowment support to fund 30 percent or more of their operating budget. Fortunately this was not the case for Pepperdine University.

Endowment support totaled $31 million for fiscal 2009, or approximately 12 percent of total expenses. Since the University’s endowment provides a comparatively low level of support for operations, declines in endowment value will not have as dramatic an impact on the University as other institutions that rely more heavily on endowment support to fund their operating activities. This is a time when comparatively high dependence on student tuition revenues actually provides the University with a competitive advantage. As such, we are indeed very fortunate to enjoy continued strong demand for the vast majority of our academic offerings.


2

PEPPERDINE UNIVERSITY Consolidated Statements of Financial Position

At July 31, 2009 and 2008 (In thousands)

2009 2008

ASSETS Cash and cash equivalents ............................................................. $ 44,650 $ 39,193 Student receivables, less allowance for doubtful accounts of $1,518 and $1,012, respectively............... 3,617 4,070 Other accounts receivable .............................................................. 5,791 5,730 Student loans, less allowance for loan losses of $1,697 and $2,020, respectively.......................... 27,244 28,005 Contributions receivable, net ......................................................... 25,853 24,762 Prepaid expenses, inventories and other assets .............................. 5,717 6,633 Investments .................................................................................... 658,995 813,148 Assets held as trustee or agent ....................................................... 104,987 112,719 Property, facilities and equipment, net........................................... 334,502 315,277 Total assets ...................................................................... $ 1,211,356 $ 1,349,537

LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued liabilities ................................... $ 36,703 $ 22,737 Accrued salaries and wages ....................................................... 3,067 2,985 Student deposits, advance payments and deferred revenue..................................................................... 9,859 10,136 US government-funded student loans ........................................ 14,126 13,838 Trust and agency obligations ..................................................... 67,794 69,239 Long-term obligations................................................................ 226,734 209,000 Total liabilities................................................................. 358,283 327,935 Net assets: Unrestricted................................................................................ 485,358 664,792 Temporarily restricted................................................................ 104,701 75,442 Permanently restricted................................................................ 263,014 281,368 Total net assets................................................................. 853,073 1,021,602 Total liabilities and net assets .......................................... $ 1,211,356 $ 1,349,537



3

PEPPERDINE UNIVERSITY Consolidated Statement of Activities

For the Year Ended July 31, 2009 (In thousands)

Unrestricted Temporarily

Restricted Permanently

Restricted Total REVENUES

Student tuition and fees......................................... $ 244,774 $ – $ – $ 244,774 Less student aid................................................ (69,755) – – (69,755) Net student tuition and fees ......................... 175,019 – – 175,019 Room and board.................................................... 30,505 – – 30,505 Private gifts and grants ......................................... 10,435 2,794 7,320 20,549 Endowment support .............................................. 30,103 183 485 30,771 Government grants................................................ 3,500 – – 3,500 Sales and services ................................................. 6,760 – – 6,760 Other revenue ....................................................... 4,905 (9) 178 5,074 Net assets released from restriction ...................... 2,329 (2,329) – – Total revenues ............................................. 263,556 639 7,983 272,178

EXPENSES Instruction and research ........................................ 81,248 – – 81,248 Academic support ................................................. 46,762 – – 46,762 Student services .................................................... 44,923 – – 44,923 Public service........................................................ 14,383 – – 14,383 Auxiliary enterprises............................................. 19,740 – – 19,740 Management and general ...................................... 49,897 – – 49,897 Membership development..................................... 1,833 – – 1,833 Fundraising ........................................................... 7,243 – – 7,243 Total expenses............................................. 266,029 – – 266,029 Change in net assets before nonoperating revenues and expenses............................ (2,473) 639 7,983 6,149

NONOPERATING REVENUES AND EXPENSES

Adjustment of actuarial liability ........................... – (3,582) (4,378) (7,960) Investment income: Dividends ......................................................... 6,255 15 14 6,284 Interest ............................................................. 2,132 – 8 2,140 Other ................................................................ 6,116 – – 6,116 Net realized and unrealized losses from investments ...................................................... (126,809) (58) (23,086) (149,953) Appropriations from endowment .......................... (26,832) (107) – (26,939) Other (3,884) (1,587) 1,105 (4,366) Total nonoperating revenues and expenses........................................... (143,022) (5,319) (26,337) (174,678) Change in net assets before cumulative effect of change in accounting principle .................... (145,495) (4,680) (18,354) (168,529) Cumulative effect of change in accounting principle .................................... (33,939) 33,939 – – Change in net assets .................................... (179,434) 29,259 (18,354) (168,529) Net assets at beginning of year .................... 664,792 75,442 281,368 1,021,602 Net assets at end of year .............................. $ 485,358 $ 104,701 $ 263,014 $ 853,073

During fiscal 2009, the University’s endowment funds declined $143 million, or 21 percent from one year ago, to total $530 million. Despite the decline in endowment value, the University’s endowment payout is projected to increase in fiscal 2010 as the University distributes endowment support based on a five-year moving average of endowment value multiplied by a 5 percent payout rate. While this payout methodology smooths out changes in the level of endowment support, without a significant recovery in endowment values in the near term, the overall level of endowment support is expected to decline in future years.

Despite suffering significant investment losses in fiscal 2009, Pepperdine University remains strong. In fact, the University is positioned to emerge from the current economic crisis a stronger and more resilient institution. We reduced annual expenses by over $12 million, and have set these funds into reserves that can be used to shore up declines in future endowment support, fund additional student aid, make strategic investments in scholarship and instruction, or reduce student enrollments in future years.

We’re also examining opportunities to reduce expenses further to provide even more financial flexibility. We’ve improved our liquidity position through positive operating results and a modest increase in the outstanding balance of long-term debt. We continued to invest in property, plant, and equipment, ensuring that our students’ academic experience takes place in the highest quality facilities.

Investments in facilities have been funded through the use of existing reserve funds and gifts from friends and alumni. Significant renovations to many of the buildings and the Mullin Town Square on the lower campus in Malibu have been completed. These actions, among others, have been taken to provide an increased level of operating flexibility in the wake of possible continued economic turmoil.

The University’s long-term obligations increased modestly from one year ago and now total $227 million. During fiscal 2009, we issued $50 million in taxable fixed-rate debt that was used to retire all of the University’s variable-rate debt, completely eliminating exposure to potential interest-rate increases and the related liquidity constraints that such instruments require. The offering generated unrestricted net additional liquidity of more than $17 million. The University’s long-term debt-to-total capitalization ratio totaled approximately 21 percent at the end of fiscal 2009.

FINANCIAL STATEMENT FOR 2009

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Today approximately 7,750 students are enrolled at the University’s five colleges and schools. Maintaining an appropriate level of student enrollment continues to be of principal importance since approximately 76 percent of the University’s operating revenues come directly from tuition.

The University’s results from operations were positive overall for fiscal 2009, even though the stresses caused by financial market turmoil are readily apparent. net tuition revenues increased $9 million to total $175 million, as a result of both increased tuition rates and levels of student enrollment.

The economic slowdown has had a negative impact on private gift and grant revenues, which declined 17 percent from fiscal 2008 levels and totaled $21 million

for fiscal 2009. It is vitally important to the future of the University that we sustain a higher level of private gift and grant revenues to both restore the value of our endowment and support current operations. We need the support of our friends and alumni at this time more than ever, since the need for additional student financial aid is likely to increase.

Management and general costs have declined from the prior year as we sought to reduce controllable costs in response to the economic crisis. Since every dollar expended by the University is funded principally by dollars provided from student-dependent sources, we are keenly aware that we must make every possible effort to reduce these costs wherever possible.

Even in the most difficult of times, god continues to bless this special place and the people who dedicate their lives to the service of our students. He has and we are confident that he will carry us securely into the future.

Paul B. Lasiter Chief Financial Officer


PA09

0905

3

bOARD OF REGENTS

Edwin Biggers, ChairPresident(Retired)HughesMissileGroup

James R. Porter, Vice ChairPrincipalPorterCapitalPartners

Susan F. Rice, SecretaryPrincipalSFRConsulting

Frederick L. Ricker, Assistant SecretaryVicePresident,MilitarySystemsSpaceSystemsDivisionNorthropGrummanAerospaceSystems

William S. BanowskyPresidentEmeritusPepperdineUniversity

Andrew K. BentonPresidentPepperdineUniversity

Sheila K. BostLicensedMarriageandFamilyTherapistPrivatePracticeCertifiedFamilyLifeEducator

Charles L. BranchProfessorofNeurosurgeryWakeForestUniversityBaptistMedicalCenter

Virginia B. Braun

Janice R. BrownCircuitCourtJudgeUnitedStatesCourtofAppealsfortheD.C.Circuit

Jose A. CollazoViceChairandPresidentFormI-9Compliance,LLC

Jerry S. CoxPresidentCox&PerkinsExploration,Inc.

W. L. Fletcher IIICo-OwnerParkCentreProperties,LLC

Matthew K. FongPresidentStrategicAdvisoryGroup

Linda M. Gage

Terry M. GilesPresidentandOwnerGilesEnterprises

Michelle HieplerPartnerLawOfficesofHiepler&Hiepler

Glen A. HoldenUnitedStatesAmbassador(Retired)ManagingPartner,TheHoldenCompany

Gail E. HopkinsOrthopaedicSurgeonHinsdaleOrthopaedicAssociates

John D. KatchDistrictManager(Retired)SouthernCaliforniaEdisonCompany

Dennis LewisPresidentandOwnerWorldTravelService

Eff W. MartinManagingDirector(Retired)GoldmanSachs&Company

Michael T. OkabayashiPartnerErnst&Young

Danny PhillipsInvestments/Ranching

Timothy C. PhillipsChiefExecutiveOfficerPhillipsandCompany

Russell L. Ray, Jr. Executive(Retired)AirlineandAerospaceCompanies

Travis E. ReedPresidentReedInvestmentCorporation

Carol Richards

B. Joseph RokusChairPackagingPlus

Charles B. RunnelsChancellorEmeritusPepperdineUniversity

Rosa Mercado SpiveyPhysician

William W. StevensChairoftheBoard(Retired)TriadSystemsCorporation

Stephen M. StewartPresidentStewartBrothersDrillingCompany

Augustus TagliaferriChairandPresidentFinancialStructures,Inc.

Thomas J. TrimbleSr.VicePresident/GeneralCounselandCorporateSecretary(Retired)SouthwestGasCorporation

Robert L. WalkerSeniorExecutiveforDevelopmentTexasA&MUniversityHaglerCenter

Marylyn M. WarrenSeniorVicePresident(Retired)eHarmony.com

Edward V. YangChairandPresidentU.S.andEuropeBusinessGroupiSoftstone,Inc.

LIFE REGENTS

Joe R. Barnett

Lodwrick M. Cook

Robert R. Dockson

Hari N. Harilela

Jerry E. Hudson

Robert G. Jackson

Jerve M. Jones

Arthur G. Linkletter

Rosemary Raitt

Richard M. Scaife

Flora Laney Thornton

William R. Waugh

J. McDonald Williams

Helen M. Young

UNIVERSITY BOARD

Pat Boone, Chair

William Ahmanson, Jr.

Robert Barbera

Thomas J. Barrack, Jr.

Nabil Barsoum

William W. Beazley

Paul F. Bennett

Andrew K. Benton

A. Ronald Berryman

Viggo Butler

Rod Campbell

Robert M. Davidson

Edmond R. Davis

K. Duane Denney

Robert E. “Bob” Dudley

Maureen Duffy-Lewis

Mark W. Dundee

David G. Elmore

Hank Frazee

G. Louis Graziadio III

Bart M. Hackley, Jr.

Mary Heckmann

Bruce Herschensohn

Thomas E. Higgins

Robert W. P. Holstrom

William T. Huston

M. Lawrence Lallande

Carl J. Lambert

Stephen Lehman

Deanne Lewis

Ian R. Linde

Jim Long

Seiji Masuda

Gregory R. McClintock

Warren Merrill

Carl Minton

E. Chadwick Mooney

Velma V. Morrison

William S. Mortensen

Kenneth Mosbey

Aaron Norris

Stephen E. Olson

John D. Ratzenberger

Kelly Roberts

Charles B. Runnels

Paul Saber

Margaret Sheppard

Eric Small

Richard L. Stack

William G. Stephens

Dorothy B. Straus

Terralynn Walters Swift

Charles H. Taylor

George Thomas

Robert A. Virtue

Ellen Weitman

Larry L. Westfall

Jeremy N. White

Gary L. Wilcox

Griffith J. Williams

as a Christian university Pepperdine affirms:

that God is

that God is revealed uniquely in Christ

that the educational process may not, with impunity, be divorced from the divine process

that the student, as a person of infinite dignity, is the heart of the educational enterprise

that the quality of student life is a valid concern of the University

that truth, having nothing to fear from investigation, should be pursued relentlessly in every discipline

that spiritual commitment, tolerating no excuse for mediocrity, demands the highest standards of academic excellence

that freedom, whether spiritual, intellectual, or economic, is indivisible

that knowledge calls, ultimately, for a life of service

Pepperdine University is a Christian

university committed to the highest

standards of academic excellence and

Christian values, where students are

strengthened for lives of purpose,

service, and leadership.

© All rights reserved, 2009 by Pepperdine University 24255 Pacific Coast Highway Malibu, California 90263 310.506.4000 WWW.PEPPERDINE.EDU

Pepperdine is affiliated with Churches of Christ, of which the University’s founder, George Pepperdine, was a lifelong member.

Documents

MESSAGE FROM THE CHAIR - Pepperdine University · gossiping, and aggression. As founders of the nonprofit kind Campaign, they have traveled to schools across the country to promote