Woodbury university

President’sReport

2011

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Woodbury universityMission Statement

Woodbury University is committed to providing

the highest level of professional and liberal arts education.

The integrated nature of our educational environment

cultivates successful students with a strong

and enduring sense of personal and social responsibility.

We prepare innovative learners who are adept at communicating

and willing to cross the boundaries of knowledge

in a rapidly changing and complex world.

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Chairman of the Board of TrusteesRobert W. Kummer, Jr.Retired Director and CEOMellon 1st Business Bank

Vice ChairmanLawrence G. Shoaf, Ph.D.Senior Vice PresidentAon Risk Services

PresidentKenneth R. Nielsen, Ed.D.Woodbury university

Members at LargeBrian B. BowmanRetired Chairman of the BoardRyan Herco Products Corporation

Stephen Chandler 1969PresidentChandler Properties

Marla ClemowRegional PresidentWells Fargo Bank

Harvey S. Cova 1956ConsultantWertz & Company, LLC

David F. Cronenbold Jr.Senior Vice PresidentLawyers Title Insurance Company

R. Joseph De BriynManaging PartnerMusick, Peeler & Garrett LLP

Russell L. HanlinPresident EmeritusSunkist Growers, Inc.

Board of Trustees

James InmanRetired Insurance Executive

V. Charles JacksonPresident & CEOBoston Private Bank & Trust Company

Richard King Chairman and FounderKing International GroupChairman Emeritus,Woodbury university

Rozella S. Knox, M.D.Lakeside Medical Associates

Gregory N. Lippe, CPA 1967PresidentGregory N. Lippe Accountancy

Corporation

William R. Lucas 1952Retired Senior PartnerLucas, Horsfall, Murphy & Pindroh, LLP

Pegi Matsuda 2007PublisherSan Fernando Valley Business Journal

David R. MischCEOThe Private Bank of California

Dr. Walter Mosher, Ph.D.Founder/DirectorPrecision Dynamics Corp.

Louis M. Naidorf, FAIA, ArchitectDean Emeritus,School of Architecture & Design, Woodbury university

Ani Okkasian 2008 Graduate Student,

Georgetown University

Ronald E. Soderling 1957Owner/Senior PartnerRESCO Properties

C. Edward Spiegel 1960PresidentCast & Crew Entertainment

Services

David St. AmantPresident & COOEconolite

Judith D. Tamkin 1949Vice PresidentThe Tamkin Foundation

Carl R. TerzianChairmanCarl Terzian Associates

William R. Thomas 1969PresidentThomas Motors

Eddie S.Y. Wang, AIAPresidentGLC Enterprises, LLC

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Dear Friends:

I am pleased to report that 2011 was another highly successful year for Woodbury University.

Despite continuing domestic and global economic challenges, Woodbury once again distinguished itself by 1) maintaining positive enrollment trends, 2) achieving its 15th consecutive year of positive operating results, and 3) expanding both the breadth and the quality of its academic programs.

Other specific highlights of 2011 can be summarized as follows:• The establishment of three new academic majors in the fast growing fields of Filmmaking, Game Art & Design and Media Technology.

• The undergraduate Architecture program being ranked #7 and our graduate Architecture program being ranked #10 among all colleges and universities in the Western Region of the United States. • Woodbury being listed in the 2011 edition of “Colleges of Distinction,” a national publication for students and parents selecting colleges and universities.

• Partnering with Mercedes-Benz, Peking University in China and Free University in Berlin to offer an innovative MBA program for Mercedes-Benz managers.

In 2011, the Board of Trustees also announced a nationwide Presidential Search to succeed President Kenneth R. Nielsen, who plans to retire on June 30, 2012, after 16 years of remarkably distinguished service and achievements at Woodbury University. Dr. Nielsen will be sorely missed, but his many accomplishments will continue to benefit our new President and the University for many years to come.

As alumni, parents, and friends, your financial support of Woodbury is critical to our future success and to the life long success of our deserving students. Typically, over 80% of our students need financial aid to complete their education. Other pressing needs include gifts to build endowment and unrestricted gifts to help fund specific academic programs.

The Board of Trustees joins me in thanking you for your most generous support, as listed in this year’s Annual Report, and encouraging you to keep Woodbury “top of mind” as you think about your future philanthropic priorities.

Sincerely,

Robert W. Kummer, Jr.Chairman, Board of Trustees

A Message from the Chairman

Woodbury university 2011 Community Leaders

Norman Millar Dean, School of Architecture Organizations: Hollywood Design Review–Board Member, California Architectural Foundation–Regent, ACSA [Association of Collegiate Schools of Architecture], National Administratior’s Conference–Chairman, President Elect of ACSA.

Annie Chu Associate Faculty, Interior Architecture Organizations: National AIA Interior Architecture Advisory Group–Chair 2010, arcCA– Editorial Board Member, Cultural Affairs for the City of Los Angeles–Commissioner, Rome Prize from the American Academy in Rome–Jury Member, AIA Los Angeles Chapter–Past Board Director.

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Dear Friends,

As we look back on 2011 in this annual report, what stands out to me about the past year at Woodbury University is the remarkable capacity of the Woodbury community to create opportunities. The heart of those opportunities resides in the dreams of our robust student body, outstanding faculty members, dedicated staff, successful alumni, dedicated Trustees and generous friends.

Each of these constituencies supports our Woodbury education that is focused on innovation, creativity, and forward-thinking leadership. Our academic excellence is grounded and rooted in a collaborative pursuit of knowledge where professors and students are partners in the learning process and they use practical information based on theory. Our faculty, both adjunct and full time, have rich experiences that they bring to the classroom that goes beyond book learning. Part of our current challenge is going beyond traditional classroom boundaries to build a global gateway for our students so that they understand their place in the world. In California, private universities such as Woodbury will play an increasingly important role in meeting this need as the state’s public institutions of higher education struggle to meet critical demands for an educated workforce that can compete in a global economy.

In this year’s report, we are pleased to profile representative members of the Woodbury administration, faculty, and staff who help build the connections between the University and the professional and regional communities where we live and work. Through their efforts, each of these individuals is indicative of the work that brings the community to Woodbury and Woodbury to the community.

My retirement this summer means that this is the last annual report message that I write. I am confident that Woodbury’s next president will continue to expand on what we’ve already accomplished and that new ideas and new directions will be shaped to meet the needs of the future.

The future belongs to Woodbury, and every member of the Woodbury community is contributing to the future that we will all be proud of. I thank you for the opportunity that I have had to use my talents here at Woodbury University and urge you to consider the following pages of this report as evidence of the many reasons that Woodbury is confident that the future is bright. Thank you to all our valued friends and supporters, students, contributors, faculty, and staff. You’re part of something special that has endured and prospered for more than 127 years.

Sincerely,

Kenneth R. Nielsen, Ed.D.President

A Message from the President

Woodbury university 2011 Community Leaders

Bill Roschen Adjunct Faculty, School of Architecture Organizations: Los Angeles City Planning Commission–President, Mayoral TOD (Transit Oriented District) Cabinet–Co-Chair, American Institute of Architects–Fellow.

Dori Littel-Herrick Chair, Animation Department Organizations: ASIFA [International Animated Film Society] Hollywood Animation Educators Forum–Founder, Women in Animation– Past Board Member, Unitarian Universalist Church of Ventura Green Sanctuary Committee–Member.

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Building Completion Made Possible by the Generosity of the Ahmanson FoundationThe University received confirmation in April that the Ahmanson Foundation will provide $500,000 of support as a capstone to the Title V grant that the university received from the Department of Education. This generous gift will help to complete the construction of a Digital Media Studio, which will be utilized by the new filmmaking, media technology, and game design majors. The Digital Media Studio will house a stage complex, screening room, audition room and equipment cage that will total approximately 4,841 square feet. The Digital Media Studio is expected to be completed by summer 2012.

Bruce Cook, Chair of the Digital Filmmaking program said, “The completion of this building would not be possible if it wasn’t for the generous donation of the Ahmanson Foundation. We are most appreciative of the Ahmanson Foundation and its impact on Woodbury.”

In the last ten years, the Ahmanson Foundation has been a constant and generous supporter of the University. Prior to this current grant, the Foundation provided support during the Building Initiative which led to the naming of the Ahmanson Main Space located in the architecture complex.

To learn more about the digital filmmaking program, please contact Bruce Cook at 818.252.5191 or email bruce.cook@woodbury.edu.

Woodbury university 2011 Community Leaders

Fabric Fund CreatedAlumna and Board of Trustees member, Judith D. Tamkin ’49, generously initiated a fabric fund for senior fashion design students. Tamkin’s gift will now allow fashion students the opportunity to shop at some of the best fabric stores in Los Angeles. Seniors also will learn a bit about philanthropy. One outfit from each of their collections will be donated to the silent auction at the fashion show benefit in April with proceeds going back into the fabric fund for the next class.

For more information on the Fashion Design program or how you can contribute to the fabric fund, please contact Rose Nielsen at 818.252.5230 or rose.nielsen@woodbury.edu.

John Karayan Associate Accounting Faculty, School of Business Organizations: Glendale Community College Accounting Department–Advisory Board Member, California State Board of Equalization– Advisory Board Member, American Taxation Association’s Journal of Legal Tax Research–Editorial Board Member, California State Bar, and the Armenian Bar Association–Member.

Elisabeth Sandberg Faculty, Institute of Transdisciplinary Studies Organizations: Lesbian & Gay Advisory Board, City of West Hollywood–Appointee by Council-man John Heilman, Female Co-Chair, Friend of the Library (FoL)–Committee Co-Chair, LGBT Allies–Co-Adviser.

Future filmmaking building entrance under construction by S3 Builders – a Burbank based firm.

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Henry M. Anding, CPAAnonymousSamuel Armstrong 1973Prof. Sydney Lawrence Balbes 1960Edward E. Blazer 1959Lowell K. Bokelman 1950Brian and Linda BowmanRoa Brand, VCA 1962Helen G. Brown 1941Donald and Laura ButlerGary 1956 and Collene CampbellDr. Ellen M. CampbellHarvey S. 1956 and Marilyn L. 1955 CovaDonald A. 1959 and Joyce DroeschMary R. EvryRaymond and Maxine FrankelTheodore J. 1971 and Joan Fuller Patricia A. GambleChristine A. Gamboa 1985Joan GeisbushRosella K. GoldmanRussell and Norma HanlinDr. George R. Hensel 1953

Carroll H. Hudson 1938Frederick P. Hutchirs FIDA, CID 1974Lynni S. Hutton 1977James Russell InmanGeorge E. Isaacs 1952Joel AIA and Robin JaffeDrs. Richard and Carol KingCharlotte KirkendallRichard W. Knowles 1963Dr. Rozella S. KnoxRoger Kringen 1949Robert and Barbara KummerBarry and Beverly KurtzGregory N. Lippe 1967William R. “Bob” 1952 and Dorothy LucasAnna A. 1964 and Douglas McCoachLinda L. MeinertMr. Frank T. Murphy, CPASandra and Louis NaidorfDr. and Mrs. Kenneth R. NielsenRichard M. NordinWarren C. Owens 1947Nan Rae Parker

“Pop” Whitten Heritage Society 2011

Wendy Bendoni Assistant Professor, Fashion Marketing Organizations: NAWBO-LA (National Association of Women Business Owners)–Event Co-Chair, Mayor’s Office of Economic & Business Policy–Volunteer for Fashion Night Out LA.

Richard M. Nordin Vice President, University Advancement Organizations: CHAPCARE – A Pasadena Based Federally Qualified Health Clinic–Chair, AIDS Service Center, Pasadena–Former President of the Board, Los Angeles County Economic Development Corporation (LAEDC)–Board of Governors, Los Angeles Area Chamber of Commerce–125th Anniversary Committee Member and Education and Workforce Development Council Member.

Woodbury university 2011 Community Leaders

Myron “Mike” W. 1948 and Beth ReedMichael W. Saba 1971Dr. Robert A. SchultzMargaret A. Shadow 1935Stephen and Gisela, VCA 1963 Slonneger Ronald E. Soderling 1957Jack Solomen 1956C. Edward 1960 and Shondell SpiegelMr. and Mrs. Hugo J. StandingMichael J. Sultan 1971Judith D. Tamkin 1949, The Tamkin FoundationWilliam R. 1969 and L. Elaine ThomasProfessor Carolee ToonJames 1964 and Susan WhitingNorma J. Woelfel 1956

New members indicated in bold

“Pop” Whitten Heritage Society is so named after Woodbury’s sixth President Ray Howard “Pop” Whitten, known as an innovative educator who left a lasting mark on the University. Friends of Woodbury can share in Pop Whitten’s legacy by leaving gifts from their estates, be it through a will or other planning vehicles. If you would like to be included, or if you already include Woodbury in your will, please contact Richard M. Nordin for information regarding membership at 818.252.5212 or richard.nordin@woodbury.edu.

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Don St. Clair Vice President, Enrollment Management & University Marketing Organizations: Valley Economic Development Center–Board of Directors, Executive Committee, Burbank Community YMCA–Board of Directors, Burbank Chamber of Commerce –Board of Directors, Valley Industry and Commerce Association–Board of Directors, Los Angeles Business Federation–Board of Directors, Providence St. Joseph’s Healthcare System–Board of Directors.

Woodbury university 2011 Community Leaders

AprilWoodbury Makes Colleges of Distinction List and was mentioned on The Today ShowWoodbury was included in the most recent Colleges of Distinction publication that featured 200 U.S. Colleges and Universities for their level of engaged students, great teaching, vibrant communities and successful outcomes. Making it onto this illustrious list led to the University’s inclusion in NBC’s The Today Show list of colleges that families should visit while vacationing in Los Angeles. Woodbury was mentioned along with UCLA, USC, Occidental, Claremont College, Pitzer, Pomona and Harvey Mudd.

MayRalph Rucci receives Designer of the Year AwardThe 47th Annual Fashion Show Benefit, Mobius: Infinite Variations, took place on Sunday, May 1, 2011 at the Millennium Biltmore Hotel. The evening was emceed by Josh Rubenstein, Chief Meteorologist for CBS 2 and KCAL 9 and featured the fashion designs of the graduating seniors. Ralph Rucci was honored with the Designer of the Year award for his contributions to the fashion world over the past three decades and alumna Rania Salibi ‘08 was given the Woodbury Rising Star award. Rania won an extremely competitive contest for the design of the dresses that the Academy Award escorts wore at the 2010 Academy Awards.

The announcement was made that Kathryn Hagen will become chair of the fashion design program as of July 1st. Hagen has been in the fashion education industry for the past 30 years and her text, Fashion Illustration for Designers, has been used in our drawing classes for numerous years. She comes to Woodbury from Otis College of Art and Design.

Year in Review 2011

MarchDine Like a DiplomatThe Careers & Alumni Office held their annual etiquette dinner, now entitled Dine Like a Diplomat on Thursday, March 3, 2011 at the Los Angeles Marriott Burbank Airport. The event was open to all students, but attracted a majority of business students. The event was facilitated by Woodbury School of Business faculty member, Dr. Alexandra Saba. Dr. Saba is a registered protocol instructor. The evening began with an instructed cocktail reception, which taught the students how to network with a drink and/or appetizers in hand. This was an excellent opportunity for students to meet alumni and corporate representatives that were in attendance specifically to make the event as much of a real world experience as possible, not just a learning opportunity with fellow students.

This year’s etiquette dinner was the most successful to date with over 90 in attendance. Tickets were below cost, which included appetizers and a three course meal. A free shuttle service was provided from the school to the hotel and back at the end of the evening. Enterprise Holdings Inc. was the corporate sponsor, providing support to offset the cost of the event. All attendees received a certificate of completion that can be included in their portfolios.

Left to Right: Andrew Stout, fashion show committee chairman, James Gallanos, Ralph Rucci and President Nielsen.

Corporate sponsor, Enterprise Holdings, Inc. represented by Jennifer Broughton, center.

Rene PeraltaDirector of the Master of Science in Architecture: Landscape (and) Urbanism and Participating Adjunct Faculty – San Diego Campus

Organizations: Esperanza de Mexico–Board Member, Architecture Symposium 11-12– Committee Member, Latin American Architectural Congress in Cochibamba, Bolivia–Co-Organizer.

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Woodbury university 2011 Community Leaders

Year in Review 2011

JuneAlumni Event at the Hollywood Bowl The Alumni Association has promoted an evening at the Hollywood Bowl for the past three summers. According to James Morse, Director of Alumni & Events, “It is one of our most success-ful events with generally over 100 in atten-dance.” The attendees range from young alumni with children to older alumni and also faculty and staff who all come together to enjoy an evening of entertainment at the Hollywood Bowl. This year’s featured event was the Grease Sing Along, which took place on Friday, June 24th beginning with a picnic in a reserved location followed by the show. We offered a discounted price of $25.00, which included the picnic.

This yearly event is a great way to connect with fellow alumni, as well as faculty and staff in a social setting while enjoying some wonderful entertainment at the historic Hollywood Bowl. If you plan on going to the Hollywood Bowl this coming summer, why not go on the evening that the Woodbury community is gathering together? Keep your eye out for the promotion of this year’s event. For more information regarding upcoming alumni events, please contact James Morse, Director of Alumni & Events at james.morse@woodbury.edu or 818.252.5248.

JulyWoodbury Goes To TahitiSixteen students, two of whom were graduate architecture students, four interior architecture students and ten undergraduate architecture students ventured off to Tahiti for a study abroad experience this summer. Ingalill Wahlroos-Ritter, Masters of Architecture department chair, and Randy Stauffer, chair of the Interior Architecture department, were the co-instructors for the program. It was an eleven week studio in which four weeks were spent on the islands of Tahiti and six weeks back on the Burbank campus. The students departed on May 15th and returned on June 13th. Studio on the Burbank campus ended the last week of July.

According to Wahlroos-Ritter, “The project was to design a pre-fabricated kit-house for the islands of French Polynesia. The project was located on the island of Moorea, at the Gump Station which is a research station run by UC Berkeley. The students’ assignments were to conduct field work, research, data collection, measurement, interviews, drawing and design, which allow the students to develop specific skill sets of observation, transformation, and synthesis.”

“It was more than an influential experience, says Kevin Wild, fifth year architecture student. “Just take a look at my thesis. It was my best architecture experience thus far.” For Wild, there is nothing like interacting with the culture, being fully immersed in it. To think about design and culture from what you read in a book or are taught in the classroom is one thing, but to actually experience it is another. You won’t be able to fully understand the culture until you experience it firsthand. Wild hopes that similar trips continues for years to come. Such trip opens people’s eyes to a whole new way of thinking about design.

Hollywood Bowl - Grease Sing Along.

Photo provided by architecture student, Kevin Wild.

Edward Clift Dean, School of Media, Culture & Design Organizations: Hollywood Chamber of Commerce–Member, California Connections– Participant, Roosevelt High School, School of Communications, New Media and Technology, Mayor’s Partnership for LA Schools–Advisory Board Member, Burbank Arts for All–Member.

André van Niekerk Dean, School of Business Organizations: Media City Ballet–Board Member, Verdugo Employee Workforce–Board Member,California Club–Member.

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Woodbury university 2011 Community Leaders

SeptemberLegendary Actor Receives the Ray Bradbury Creativity AwardThe Woodbury University Library Associates bestowed veteran actor Malcolm McDowell with the Ray Bradbury Creativity Award on Sunday, September 25th. Mr. McDowell, perhaps best known as the iniquitous Alex DeLarge, in A Clockwork Orange, a role for which the American Film Institute named the 12th greatest movie villain of all time, has starred in a myriad of film and TV productions. Mr. McDowell’s family and friends gathered, along with fans and film aficionados in the Fletcher Jones Foundation Auditorium where he regaled the audience with stories drawn from his forty year career.

The purpose of the Library Associates is to focus attention on the needs of today’s library and raise money for library resources, library services, library facilities, and library technologies. For over ten years, the Woodbury University Library Associates has sponsored a series of lectures. The fall lecture features the presentation of the Ray Bradbury Creativity Award, named for the famed author of the science-fiction classics Fahrenheit 451 and The Martian Chronicles. The award recipient is determined by Mr. Bradbury each year, along with the input of the Library Associates Board.

AugustStart of the Digital Filmmaking ProgramAugust marks the beginning of a new major offered at Woodbury, Digital Filmmaking, thanks in part to a multimillion dollar Title V grant from the U.S. Department of Education. Digital Filmmaking falls under the School of Media, Culture & Design and is chaired by Dr. Bruce Cook. Twenty three students enrolled this semester in the Digital Filmmaking program, which surpassed the target enrollment of eighteen. The majority of students are local area freshmen. However, the program also attracted students from as far away as Alaska and the Netherlands. The first class of Digital Filmmaking majors will graduate in May 2013.

According to Dr. Cook, Woodbury is unique to other colleges that offer filmmaking degrees because we are not “silo-ized.” The goal here is to allow students to cross program boundaries by working with fashion design students for costumes, architecture and interior design students to build sets, business students to pitch, market and distribute their films, while animation and graphic design students can add visual elements to the finished product. Plus, students are able to use a camera right away, unlike ones experienced in most film programs. Dr. Cook’s goal for the students is to “have their own creative voice

while working in collaborative teams. The technical skills are easy to teach, the technique of working collaboratively is not.” By working with students from other programs, he hopes to build the students’ soft skills needed to work in teams. Dr. Cook’s plan is to make Woodbury a magnet for international students as well. His ultimate goal is to create a “one world, one cinema environment, crossing the international boundaries of filmmaking.”

The filmmaking students were enrolled in the following classes for the fall semester: Storyboarding for Film, Film History from 1895-1950, Intermediate Digital Filmmaking and Advanced Screenwriting. There have been some amazing results from these classes in just one semester. The Digital Filmmaking class created four short films that have been picked up as webisodes for the SyFy Channel. Everyone that was enrolled in the Screenwriting course completed a feature length screenplay by the end of the semester, not an easy feat. The future is looking very bright for this film program.

Malcolm McDowell

Year in Review 2011

Rebecca Devereaux Assistant Dean, Academic Support Services Organizations: Women of Substance & Men of Honor, Inc.–Volunteer, Get On The Bus–Volunteer, Fair Trade L.A.–Volunteer, St. Bede the Venerable Catholic Church in La Canada–Pastoral Council, Choir, and Cantor.

Photo provided by Dr. Bruce Cook, chair of the Digital Filmmaking program.

Rose Nielsen Senior Director of Development

Organizations: Braille Institute Auxiliary–Current Secretary, Past President, Junior League of Pasadena Garden Club–Current Board Member, Junior League of Pasadena Sustainers–Past President, Board Member and Chair of Programs, KCET Women’s Council– Current Secretary, Past President, Christ Child Society of Pasadena–Current Member, Past Board Member.

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Woodbury university 2011 Community Leaders

OctoberFounders’ Week Bob and Dianne Bowne were the recipients of the 10th Annual Movers & Shapers Award that recognizes those who have dem-onstrated leadership and have made significant contributions to the Burbank community. The event was held on Tuesday, October 11, 2011 at 11:30am on the Burbank campus. The Movers & Shapers Award Luncheon is part of the annual Founders’ Week celebration. Friend of the University, Rev. Larry Stamper served as emcee. Robert “Bud” Ovrom, former Burbank City Manager, last year’s Movers & Shapers award recipient, Michael Cusumano, Vic Georgino and Council member Emily Gabel-Luddy all spoke highly of the Bownes’ character and dedication to both family and civic service.

Bob Bowne has been mayor of Burbank twice while he served on city council between 1984 and 1995. He was president of the Burbank Board of Education and secretary of the Burbank Glendale Airport Authority. Bowne was a long-time member of the Providence St. Joseph Medical Center Foundation board of directors and served as president of the Burbank Bar Associa-tion and recently served as president of the Lakeside Golf Club. Dianne Bowne works as her husband’s paralegal and has been an active volunteer in many community organizations like La Providencia Guild of Children’s Hospital, Burbank Noon Kiwanis, National Charity League – Burbank Chapter, and Parent Teacher Associations.

NovemberCarl Benz Academy AnnouncedWoodbury University is partnering with Mercedes-Benz (China) Ltd. and Mercedes-Benz Auto Finance Limited in China to launch a customized MBA program under the newly established Carl Benz Academy in Beijing, China.

The three year pilot program launched on November 14 in Beijing and will be delivered globally in Beijing, Berlin, and Los Angeles through an innovative blended delivery system of distance learning and face-to-face seminars. Other university partners in the academy, named for one of the founding fathers of the automobile industry, are Peking University in China and the Free University of Berlin (Germany). Starting with a specially selected cohort of 35 students, it is anticipated that a new cohort of between 50 and 75 students will be added every year.

Woodbury’s School of Business will design and present custom-ized course content as part of the program to offer automotive-specific business administration education to Mercedes-Benz China dealer employees and managers. Woodbury’s portion of the curriculum will consist of organizational leadership, self leadership, leading a team, general marketing principles, automotive and luxury brand marketing, marketing innovation, and strategy. In October 2014, Woodbury will lead a business simulation that will serve as an optional final summation of the program in lieu of a thesis.

Klaus Maier, president of Mercedes-Benz (China) Limited said in regards to the venture, “Bringing together the best from three continents will give our Chinese executives and managers valuable global insights and provide them with practical management tools to further the development and growth of their dealerships and the Mercedes-Benz brand in China.”

President Nielsen presents Bob and Dianne Bowne with the annual Movers & Shapers Award.

Year in Review 2011

School of Business Dean, André van Niekerk, representing Woodbury University for the Carl Benz Academy partnership.

Mauro Diaz, 1995 Assistant Vice President, Special Programs, Project Director & Manager for Title V Grants, and Area Coordinator for the Accounting Department Organizations: Burbank Business Partner–Board of Directors, The Boys and Girls Club of Burbank and East Valley–Finance Chair and Board of Directors.

Barbara Bestor Julius Shulman Distinguished Professor of Practice Organizations: Bootleg Theater–Board Member, Julius Shulman Institute–Advisory Board Member,LA Forum for Architecture & Urban Design –Former Vice President, Association of Women in Architecture–Member, American Institute of Architects–Member, Silverlake Chamber of Commerce–Member, Volunteer for Planned Parenthood LA and Friends of Franklin School–Member.

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Honor Roll of Donors January 1, 2011 to December 31, 2011

$500,000 and Above The Ahmanson Foundation $50,000-$499,999 The Frankel Foundation*Jeanne R. Woodbury Trust*Judith D. Tamkin* $50,000-$99,999 The Council of Independent Colleges The Frankel Foundation* Jeanne R. Woodbury Trust* Takouhie Kabayan $15,000-$49,999 Ray and Bonnie Adams*The Bob Baker Family (1954-1955)*Gabriel 1983 and Deborah Brener*The Council of Independent Colleges/Walmart FoundationEconolite Control Products, Inc.*Kathryn W. Farquhar*The Fletcher Jones Foundation*Bernard Friedman*Harry A. Gilbert*Russell and Norma Hanlin*Johannessen Trading Co.Robert and Barbara Kummer*Holger and Alison Lohfeld*The Moore Family TrustRichard M. Nordin*~Stewart and Lynda ResnickDavid and Katherine St. Amant*Turkish Cultural Foundation* $7,500-$14,999 AH Schreiber/BLEU/Rod Beattie DivisionAnn Peppers Foundation*Anonymous*Ayco Charitable FoundationBNY Mellon Wealth Management*Susan and Stephen Chandler, Class of 1969*Marla ClemowHarvey S. 1956 and Marilyn L. 1955 Cova*General Electric FoundationMichael and Mary Kay HallmanPatricia Barham Inman and James Russell Inman*James G. Galanos Foundation*Merrill Lynch Global Wealth ManagementDavid and Geraldine Misch*Walter W. Mosher 2010Dr. and Mrs. Kenneth R. Nielsen*~Norma P. Simon 1956*Ronald E. Soderling Class of 1957*Andrew J. Stout*The Walt Disney Company*Wells Fargo Foundation* $4,000-$7,499 Joann Anderson*AnonymousAnonymousSamuel Armstrong 1973*Bank of America California*Jason Bender*

Boston Private Bank & Trust CompanyBrian and Linda Bowman*Roa Brand, VCA ‘62*California Yacht Marina-Cabrillo, LLCThe Charles Bloom FoundationDavid and Deidre Cronenbold*Mr. and Mrs. R. Joseph De BriynThe Edward R. and Viola F. Malde Foundation*Estate of Lucy GarjianDaniel E. Garcia 2001In Focus Advertising*V. Charles Jackson*Dr. Rozella S. Knox*Roger L. Kringen*Rafina M. Yussuff Larsen 1995*Larsen Fund*Gregory N. Lippe 1967*Dorothy Lucas*Mabel Wilson Richards Scholarship Foundation*Bruce V. 1970 and Vivian L. Malkenhorst*Pegi Matsuda 2007 and Larry Haworth*Musick, Peeler & Garrett LLP*Linda Nedra Peterson~William and Sonia Pindler*George R. PhillipsStanley PolskyJoseph M. Rohr 1972*C. Edward Spiegel 1960*Joanne E. Steenson*Raymond G. Thagard 1957Thagard FoundationWilliam R. 1969 and L. Elaine Thomas*Dr. Andre B. van Niekerk*~Monica and Sebastian Zacharia*~Ronald A. 1960 and Sandra Zacky*

$2,000-$3,999 Adcamp Inc.*Anonymous*Peter and Hadley Arnold~Bon Appetit Management Company*Dr. Ellen M. Campbell*Anthony and Terry Clougherty*Drs. Douglas and Phyllis Cremer*~Mauro Diaz 1995 and Litisha K. Wheeler-Diaz 1996*~Gerri O. Dickinson*Discovery Charter Preparatory SchoolDTank Inc.Eclipse Advertising, Inc.*Gensler Santa MonicaGeorge E. Isaacs 1952*Rue A. Jenkins 1975Danielle & Christina Jones*Konica Minolta Business Solutions U.S.A., INCGeorge B. and Laura Manzo 1946*Myron H. Miller 1976*Norman R. Millar*~Precision Dynamics Corp.Ramona Munsell and Associates Consulting, Inc.Ricoh Business Solutions*James D. Rivette 1969*Lynn L. Rossi 2005*Martin SchatzAnne M. Schubert 1945*Dr. Lawrence G. Shoaf and Mrs. Paula Shoaf*Karen S. SmithDr. Donald St. Clair and Janet McIntyre*~Eddie and Betty Wang*

$1,500-$1,999 Lowell K. Bokelman 1950*Robert and Dianne BowneCostco Wholesale - Matching Gifts ProgramDieterich Post Company*Ashley P. Evans 2006*Abraham and Wendy FassbergHoward S. 1970 and Suzanne H. Furst*Drs. Richard and Carol King*Lucas, Horsfall, Murphy & Pindroh, LLP*Valerie Lyons and Jay Judson*Sandra and Louis Naidorf*Michael and Kathy PepperPeter Pepper Products, Inc.*Charles L. Ward 2002*Lynda A. Willner* $1,000-$1,499 24/7 Building Maintenance, Inc.*Barbara A. Bestor*~Dr. and Rev. Robert L. Bjorklund*~Edward E. Blazer 1959Barbara Bowley and Dennis Loo*~Brisco/Mankins FoundationDonald and Laura Butler*William Y. T. Chow 1970Dr. Edward M. Clift*~Community Health AllianceMaria and John Dallman*Steve Dyer*~Charlotte G. Eastin 1956Anne R. Ehrlich*~Dr. Boyd W. Flinders, M.D.*Betty A. Fraser 1950Joan GeisbushJames D 1949 and Jane KingBarry and Beverly Kurtz*Reece H. Lewis 1971*M. Victoria Liptak*~Beth Lochmoeller*Patricia A. Lowery 1969Howard D. Mankins 1951Stanley PolskyPoltrona Frau Group NARachelle H. Prince 1961*~J. Marc Rapisardi 2005*Charles R. Rosenberger 1963*S3 Builders, Inc.Dr. Alexandra Saba~Michael W. Saba 1971Cathie SachoWilliam A. Sanchez 2002*Jane A. Skeeter - UltraGlas, Inc.*Thomas E. SmithRev. Larry L. Stamper*Randall Stauffer and Marc Castagnola*~WIL ConsultingJohn E. 1958 and Barbara A. Wortmann*

Members of the President’s Roundtable indicated in boldVCA: Villa Cabrini Academy Alumnae*denotes consecutive giving of 3 years or more~denotes membership in the President’s Lighthouse Society for Faculty & Staff

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$500 - $999 George K. Aba 1983Allied Barton Security ServicesAnonymousTillie J. BaptieErnest P. BurgerBurger Law GroupAshley W. BurrowesCommercial Roofers, Inc.John Fong DeaGertrude A. DionneCarol DrescherEnterprise Rent-A-Car Company of Los Angeles, LLCKathryn W. FarquharFIDM Museum & GalleriesGeneral Sealants CorporationRobert Go 1989Col. William V. GrubbsSou Kyu Ho 1980Industrial Metal Supply Co.Insta Grapic SystemsEddie and Verletta JacksonMichael and Seta JavorGayle Taylor JeudeDonald I. 1972 and Byung 1972 JhungLinda M. Jones, VCA ‘67John KarnsMimi Scollard KeenanRobert 1995 and Julissa 1995 KimbleJoyce LillyMichael and Hildegard LindsayDonald R. Loster 1969Luxury Branding Research, Inc.Ib and Cleo Baldon Melchior 1948Dr. and Mrs. Wayne L. MillerJay W. and Rita I. NickelsElmer and Alice NielsonRachel Noble 2011David G. OverholtJean M. Pinto 1962Richard M. Powell 1977Adrienne Saint-PierreDavid and Heidi ShannonPriscilla ShulmanKathleen G. StuartSwinerton BuildersVivian A. TerrCarolee ToonTowers WatsonSteven Wolt $250 - $499 Donald and Laura ButlerTim and Erica AckermanNatalie Andrade 2011Lily R. BalianBetty J. BatteyBerliner and Associates ArchitectureBrenda L. Childress 1959Kristy A. ChristGlisery Colon 2010ColoredgeElijah CoronisGeorge A. Cousins 1968Mary E. Daly 2000Timothy and Paula DavisPatricia Del GuercioDonald C. Dondanville 1972

Miguelita V. FabiosaBrian and Robin FlynnJose G. Galeana 2011Gang of Seven AnimationProf. E. B. Gendel, Ph.D.Victor and Susan GeorginoJohn and Marsha GerroDonald E. Hart 1957Oscar D. Jones 2007Paquita KimbroughAlice Lam 2011Anne B. Laughlin 1937Rachel V. Malkenhorst 2008Marian Power and Tyson WeiheJuan R. Martin 1964Marc E. MartinezArmando Martinez 1959Arturo T. Medina 2003Kathleen A. MitchellFrank T. MurphyJon W. Myers, CPANGT Controls, Inc.Gloria J. Orosco 2000Paulette PasciutiJudy and Allen PlouffRosemary ReillyNicholas Roberts and Cory BucknerElisabeth Sandberg and Astrid VirdingFrank and Mary SchindlerScreen Actors Guild FoundationLaura Lee Smally 1960Bruce F. Spurrell 1961Dr. D. Joye SwanGary K. Taglyan 2008Ronald and Sally TaylorThe Stephen Philibosian FoundationSusan D. VessellaVilla Cabrini Academy Alumnae & FriendsIngalill Wahlroos-RitterEarl C. Wooden 1956 $100 - $249 Andrew Aaron 1964Louie R. Adkins 1956Chandler AhrensNoelle Sharp AllenCyndi J. Andrews 1972Renato ArandaElsie S. Aromin 1999Hugo 1988 and Dianne ArteagaAnn AscherRichard and Carol AtlasAvery Dennison Matching Gifts ProgramAnn BeinRobert L. Bergen 1949Michele BernardLanie BernhardRichard V. Bertain, Jr.Big Woody Wine Co.Jocelyn C. 2006 and Manuel 2006 BlancoTamara BlokJennifer BonnerEwan E. BrandaAli BrownBurbank P.E.O.Business Life MagazineGary and Tracy Canfield

John 1962 and Rosalee CarlsonRobert E. Carne 1959Don A. Carpenter 1947Krystal M. Carrillo 2008Roger and Nancy CaseyJeanine CentuoriHeidi Choy 1988Richard W. Christensen 1959Alice M. Colace 1952Art 2005 and Yvonne M. 2003 CorreaNancy Marzo Costantino, VCA ‘49George 1949 and Georgia CourlasConstance G. CrockerKevin and Helena DanniPatrick and Jean De MendozaPaul W. DeckerArline H. DensmoreAndrea DietzAlice Doerr and Cheong Kien NgRonald Y. DoizakiBruce I. and Regina J. DruckerJoan M. DuffyJohn Duffy 1972Daryl Pelizzari 1954Mark EricsonDavid and Sarah EscobarFamily Service Agency of BurbankMichelle W. FandrichMargaret J. Farnum 1947Daral D. Ferguson 1959Raymond and Carmen FerranteWilliam H. Fetner 2009Mark C. 2001 and Carmyn A. 2002 FieldsLia FletcherAnthony FontenotJulian and Barbara FoxRosemary Frankian 1974Richard G. Gallup 1947Paul and Betty Jane GeragosEsther GinsbergSahli Goenawan 1995Louis P. Goldsman 1967Maedale Dillon Gongora 1955Paul and Carol Gordon

The President’s Roundtable Make a Difference, Every Year…

Members of the President’s Roundtable come from different parts of our community but share a common interest in Woodbury University and our mission. They are special friends who provide annual support of $1,000 or more to the University’s schools and departments, help guide the University’s course, and ensure Woodbury’s success for years to come by providing essential contributions to University programs and needs.

The President’s Roundtable seeks to recognize those whose annual giving truly demonstrates philanthropy. The greatest benefit of membership is your impact on academic excellence. To become a member, please contact C. Damon Griffin at 818.252.5289 or damon.griffin@woodbury.edu.

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C. Damon GriffinJerry B. Hanger 1951Marjorie Heller 1975Catherine HerbstLinda E. 1965 and Reginald M. HerringHarley and Alice HigginbothamDavid L. Hill 1981William and Kathleen HittAnn-Sofi HolstBill & Helen Jensen HoltWilliam and Ardella HorsfallBarbara Howell 2010Barbara J. HuffmanHartley and Linda JacksonAnita M. Johnson 1958Crystal E. Johnson 2008Just JaguarIshkhanuhi KaramardianDr. John E. Karayan and Mrs. Anne KarayanJulia E. Keim 1973Melinda W. KersteinAni E. Khukoyan 2010Kristin KingTheodore P. Kissling 1964Connie M. KnoxMel Kohn, CPACarole KubasakGlen R. KunauJames R. Landreth 1953Edith LargeWilliam W. Latham 1950Amy B. LawrenceLouis and Tomme LenzDori G. Littell-HerrickHelen J. HoltJames E. 1967 and LaVerne LoayzaLockheed Martin Matching Gift ProgramJennifer A. Logan 1996Eric V. Long 2002Gisela V. H. SlonnegerRuth G. Lorenzana 2004Linda M. LowerCarol Fullerton LutherS. Lewis Lyon 1969Cesar A. Magallon 2009Christine J. MariottiJames MarquezCraig and Diane MartinMichael J. Maynard 1973Lori McCallBarbara Smith McCluskey 1957Thomas G. McDonaldPeter J. McGrathFluff and Sandy McLeanEllen MiddletonJamie D. Miller 1978 and Jack B. MillerPatricia E. ModrzejewskiLouis MolinaSharon J. Morano, VCA ‘64Dennis and Sara Muller-ChernoffGeri NafshunSharon H. NakamuraMarshall Nemoy 1969Richard Louis Neve 1948Susan Nickerson and Alex OlivaresGiovanna NittiTerry O’BrienRichard G. Olmstead 1996Eric Olsen

Rudolph T. 1956 and Camille R. 1955 OrtizGary and Linda OseranskyDr. Phillip E. PackLarstella D. Parker 1983Thomas PaulJames L. Pickering 1969Maurice P. 1955 and Doreen 1953 PlechotDan and Pamela PouliotProvidence Health & Services, CaliforniaPatricia QuigleyElisabeth S. Quintero 2009Philip RaRaad, Inc.Nan Rae and Charles ParkerMarsha RamosRey-Crest Roofing & Waterproofing Co.Sandra RichardsMarvin L. 1957 and Judy RifkinDaniel H. Rodgers, CPADavid and Kara RosenNeil and Kay RosserNathan and Alma RubinfeldRick and Cathie SachoStanley P. Salas 2010Raymond M. Scalice 1976Ronald J. Schlobohm 2001Kathleen H. Schmitt 1974Bruce Y. Shinohara 1966Michelle SidneyDr. Paulette M. SingleyMichelle SnyderJack Solomen 1956Glenn W. Sorensen 1937John SouthernPamela J. Spiszman 1994Jeffery and Theresa SteinJoseph Sugerman, M.D.Linda TaalmanBetty S. Tang 1982Darrell and Patricia TaylorCarl R. TerzianKami E. TidikNorma J. TintorriAaron J. Torrence 2000Gerard W. TracyJoan C. Tyler 1960George W. Upton 1949James R. 1961 and Valerie J. UrquhartRay and Cecilia UrwinVon der Ahe Inv. & Mgmt. Inc.Vorbeck, Calin & Shats, LLPRobert J. Wedemeyer 1970William E. Wendler 1992William and Marilyn WigginsChris A. WilsonNorma J. Woelfel 1956Colleen G. (Osterman) Zimmer 1969Antranik and Virginia Ozbag Zorayan

Up to $99 Maurice F. Morgan 1972James A. F. Morse 2009Enrico A. Ventura 1969A and J PumpingPatricia A. Abe 1953Tahmoures A. AfsharCarlos A. Agapito 2001George O. Alger 1952Alpha Chem

Barbara J. Altice 1955Raymond V. Alvarez 1993James P. O. Amon 2008AnonymousAnonymousAnonymousNancy P. ArchuletaRaymond and Maryam 1985 ArjmandLinda ArrozBethany Auriel 2011Raymond W. BakerSydney D. Baker-Leblanc 2002Prof. Sydney Lawrence Balbes 1960Melinda Balmer 1968Gabriela 1992 and Robert BartonBarbara Bejan 1953Edgar E. Bendlin 1951Robert R. Bensfield 1951Karen E. Bermeo-Beas 2001Stella L. BerrierWilliam A. Bertino 1957John and Barbara BinaskiThomas W. Bishop 1957Larry D. Blackwell 2005Laurin E. BoadtWilliam D. BochardConni L. Boersma 2004Rolando Bojorquez 2005Michael Boman CPA 1966Judy A. Booth 1960Gary BricMarquise Brown 2011Burbank Chamber of CommerceBurbank Community YMCAHoward P. Bushnell 1951Lauren K. Campanile 2006Robert 1966 and Edith CardinaliChristine Carmichael and Jonathan PostMarta J. CarrollJames Cathey 1967Jerry R. Chambers 1951Fern R. Clough 1983Sharon CohenKelly ColbertArdie E. Colburn 1949James M. Cone 2006Karla Contreras 2008William M. Cook 1961Kyrian M. CoronaDr. Kathleen CraigCathy 1946 and William L. CrowderDebra M. Cummings 1989Francisco S. Curiel 2003Daniela Kurrle CoutureJanet 1965 and John R. 1965 DarnallEmily A. Davis 1998Adolph De Blasio 1956John M. DermengianDouble J Packaging Co., Inc.L. Corinne Dowden 1953Colleen A. Duncan 1955Eleanor M. Eubanks 1947Joan L. 1954 and Don G. 1954 EyerSalvador Fernandez 1958Ronald E. FieldsDebra K. Fink 1976Heather L. FishmanRonald B. 1972 and Karen FlickCharles J. Flynn 1954

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Honor Roll of Donors continued

Sherry A. 1960 and Robert A. 1961 FrazeDeann Galanis 1959Eric A. Gallegos 2007Rickey P. Gamore 1949Jeff and Raida GattenJ. Eugene GaudioJasmine Gedoyan 2011Carol B. Geissinger 1963Melody George 1991Christine M. Geronaga 2008Lauren L. Ghaffari 2004James Gilbert 1971Christina GilmanJennifer A. Gomez 1996David E. Gonzales 1971Margaret E. Gosenson 2003Daniel Greene and Lisa MeyerowitzEileen A. 1949 and Bernard J. HaberNatalie 1996 and Armen HagobianHolly A. 1974 and Daniel Hamel-HeimerBurks L. HamnerJoan A. Hanson 1941Annie HartounianBarret HavensByron and DeAnne HayesJohn L. and Lorraine HeitzmanDr. Yael HellmanGloria A. Heredia 1987Griselda Hernandez 1988Kristina M. Hernandez 2006George Hewlett 1978Elizabeth A. Heyer 1948Delphia M. Hibbard 1940Terre A. HirschMrs. Marlene B. HoffmanIvana HoholikNancy H. HoiSally M. Hope 1952Elizabeth M. Hughes 1960Jan K. Huntoon 1967Sandra M. Hyder 1974Roberta R. Hyman 1980Gerald I. Jack 1951Angelique L. Jackson 2004Robert A. Jekel 1964Liana JindaryanJeanie Johnson 2005Enid JonesRobert D. Jones 1990Lousine Kalajian 2006Jean KardouslyMelinda W. KersteinWilliam E. Keslar 1969Penny KesslerPeggy J. Knight 1972Linda C. LaBawIrving and Linda LaneJan LeathMichael J. Leider 1970Ronald and Anna LeikerPearl Lew 1972Mary K. LirhusEdna S. Loaiza-Toro 1998Ryan P. Lopez 2001Arturo Luna 2009Juliet A. Luzinda-Ssengo 2011Cindy Ma 2004Alexis E. Marcy 2010

Vern P. Martin 1949Kurt J. Mauerman 1949Cecile McClinton 1951Barbara McDermaidHarry F. McGruder 1949Behnoush McKayJohn T. 1951 and Kathleen M. MeyersPatricia R. MiliusJulie A. Miller 2000Danielle E. Miller 2011Karen C. Minnicks 2011Raymond A. Mogg 1970Terrance and Judith MollSusan K. MonteInman and Nellie MooreDaniel J. Moran 2004Kenneth K. Mui 1971Mullio Family PartnershipJoan E. Munn 1953Akop Musayelyan 2007Willis R. Nelson 1952Jeff Neumeister 2011Boniface C. Njoku 1967Alice M. Noa 1952Ann OchenreiderJ. P. O’ConnorThomas D. Ohmer 1958John E. O’Neill, Jr.Marlene L. OrlandoWilliam R. Osborn 1960Sr. Lucille Souza, MSCJessica OviedoRobert R. OvromPenta Resources, Inc.Susan H.PerhamRobert M. Peters 1991Mary J. 2001and David A. PetersonLanora Pook, VCA ‘64Russell M. 1948 and Jane 1948 PowellGrace L. Pucci 1973Linda C. Quintal-Shapiro 1965Raina L. Quisenberry 2003Katherine M. Raduenz 1962Hugo Reichmuth 1994Harry D. Resinger 1956James M. Rhea 1948Floyd A. and Yoko S. 1967 RichScott RifeDenise D. Roberts 2011Brian D. Rogers 1972Catherine RomanElizabeth A. Romero 2008Lois RosenJennifer RosenfeldVyonne Le Masters Rousselot 1966Regina Rudyak 2009Louis Ruiz 1969Adrian 1995 and Jessica E. 1993 SaldanaNina L. Sanchez 1985Keith D. Sanneman, DPMAlma R. Santillan 1997Raymond J. Schirm 1948Dr. Robert A. SchultzMarion L. Shannon 1943Michael E. Shoaf 1991

Sid Packer Certified Public AccountantPaul A. 1994 and Anastasia SimpsonBarbara A. Mellman Skinner 1953Robert H. 1951 and Virginia M. 1951 SmithFred S. Smith 2011Carole M. SnyderSTARMEN Design Group, Inc.Robert M. Stevens 1962Jack R. 1949 and Lorraine M. Stewart SunshineJo Anna Hain SutherlandRobert G. Swanson 1954Jane A. 1956 and Gene F. SwygardRichard S. Takata 1961Hitomi Takemoto 1983Calmond and Sui Jen Dai TangSabrina R. Taylor 2008Alan D. Thomsen 2002Joy M. TierneySiranoush Tokatlian 2002Cassie Tsang 2009Karen C. TurnerEmilio and Ilda VajaCharles J. Valek 2004Amy S. Van 1993Richard A. 1998 and Rae van SeenusDora M. Vargas 2006Veronica L. Vargas 2006Dr. and Mrs. Peter VashRicardo and Claudia VazquezCarlos and Lisa C. 1981 Vergel de DiosRolando A. Volbeda 2003Viktoria B. Voll 1968Brenda Wah 1981Gary P. Wallace 1953Graham E. Watt 1972Leslie J. Webster 1992Steven M. Weinberg 1972Renee A. Willoughby 2009Peter W. 2002 and Karla WoegerJane 1987 and Gim H. WongCheryl M. Yaganeh 2007Tallar L. Yahyayan 2007Manuel S. Zamora 1955Diane Zwemer

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2011 Financial HighlightsWOODBURY UNIVERSITYSTATEMENTS OF FINANCIAL POSITION JUNE 30, 2011 2010

ASSETSCash and cash equivalents $ 1,100,560 $ 1,867,095Cash restricted for bond reserve 1,712,907 1,712,907Investments 16,084,441 13,203,712Tuition receivable, net of allowance for doubtfulaccounts of $537,482 in 2011 and $782,202 in 2010 1,753,443 1,481,022Student loans, net 1,711,819 1,885,468Grant receivable 344,453 130,124 Pledges receivable 1,777,754 1,563,901Other receivables 260,020 229,751Prepaids, deposits and other assets 2,505,651 2,653,748Property and equipment, net 45,324,549 46,716,397

Total assets $ 72,574,597 $ 71,444,125

LIABILITIES AND NET ASSETSAccounts payable $ 147,680 $ 468,618Accrued expenses and other liabilities 5,843,582 11,192,095Tuition advances 1,073,775 968,780Student funds payable and student deposits 440,776 623,438Loans payable 1,162,024 1,419,149Bonds payable 25,785,000 25,285,000

Total liabilities 33,452,837 39,957,080

Net AssetsUnrestrictedUndesignated 1,260,829 1,606,337Investment in property and equipment 19,377,525 19,989,852Board designated endowment 13,632,100 11,247,816Pension-additional minimum provision (3,786,385) (9,192,911) Total unrestricted 30,484,069 23,651,094

Temporarily restricted 3,943,843 3,990,480Permanently restricted 4,693,848 3,845,471

Total net assets 39,121,760 31,487,045

Total liabilities and net assets $ 72,574,597 $ 71,444,125

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Revenues, investment income andreclassifications:Revenues:Tuition and fees $ 39,021,875 $ - $ - $ 39,021,875 $ 37,572,919Less: Institutional student aid (7,933,972) - - (7,933,972) (7,937,532)Funded scholarships (356,305) - - (356,305) (518,458) 30,731,598 - - 30,731,598 29,116,929 Federal and state grants - 1,172,696 - 1,172,696 646,285Private gifts and grants 325,017 1,135,030 810,587 2,270,634 988,982Auxiliary enterprises 1,866,930 - - 1,866,930 2,042,171 Realized and unrealized gains on investments 2,076,204 20,258 - 2,096,462 864,871Interest and dividends 210,356 6,931 36,853 254,140 308,728Other 966,192 - 937 967,129 890,590Total revenues and investment income 36,176,297 2,334,915 848,377 39,359,589 34,858,556Reclassifications:Net assets released from restrictions 2,381,552 (2,381,552) - - -

Total revenues, investment incomeand reclassifications 38,557,849 (46,637) 848,377 39,359,589 34,858,556

Expenses:Instruction 15,506,677 - - 15,506,677 14,197,267Academic support 739,293 - - 739,293 724,208Library 911,409 - - 911,409 838,850 Registrar 320,431 - - 320,431 305,331Student services 2,241,881 - - 2,241,881 2,097,586 Institutional support 3,329,254 - - 3,329,254 2,800,541 Campus operations and maintenance 3,691,693 - - 3,691,693 3,688,223 Admissions 860,791 - - 860,791 1,030,613University marketing 2,822,205 - - 2,822,205 3,188,753Data processing 964,763 - - 964,763 976,266Auxiliary enterprises 1,002,866 - - 1,002,866 1,254,973Depreciation and amortization 2,540,912 - - 2,540,912 2,480,724Other 2,199,225 - - 2,199,225 1,497,201Total expenses 37,131,400 - - 37,131,400 35,080,535 Change in net assets before change inadditional minimum pension liability 1,426,449 (46,637) 848,377 2,228,189 (221,979)

Change in additional minimumpension liability 5,406,526 - - 5,406,526 (2,341,380)

Change in net assets 6,832,975 (46,637) 848,377 7,634,715 (2,563,359)Net assets at beginning of year 23,651,094 3,990,480 3,845,471 31,487.045 34,050,404 Net assets at end of year $ 30,484,069 $ 3,943,843 $ 4,693,848 $ 39,121,760 $ 31,487,045

WOODBURY UNIVERSITYSTATEMENT OF ACTIVITIESYEAR ENDED JUNE 30, 2011 Temporarily Permanently Year Ended Year Ended Unrestricted Restricted Restricted June 30, 2011 June 30, 2010

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While Woodbury University has been serving the Southern California region and nation for 128 years, its history as a non-profit institution is less than one third of that time. This year, Woodbury celebrates 40-years as a non-profit institution – an effort that was achieved under President Dora Kirby. To commemorate this milestone, alumnus and Trustee Emeritus Leonis C. Malburg ’49 will generously match up to $1.00 of every unrestricted dollar given to the Woodbury’s Annual Fund until June 30, 2012.

How does the Challenge work?All new and increased gifts (gifts made prior to 2011, first-time donors, or donors who are raising the amount they gave in 2011) to Woodbury’s Annual Fund will be matched dollar for dollar.

All renewed gifts (only gifts made in 2011 but not yet in 2012) to Woodbury’s Annual Fund will be matched 50 cents for each dollar.

How are Challenge gifts recognized?1) Donors will be credited for the match amount. For example, if a donor gave $250 in 2011 and has

Students gathered in Malburg Atrium, School of Business.

not yet made a gift to Woodbury in 2012, they would generate a $125 match should they renew their gift of $250 before June 30, 2012. Therefore, they are credited as giving $375.

2) Donors names will be featured on a plaque in an existing classroom that will be designated the Challenge Classroom.

3) Gifts of $1,000 or more also entitle donors to a seat in the Fletcher Jones Foundation Auditorium.

To join The Leonis Malburg Challenge visit www.woodbury.edu and click “Support Woodbury” or contact C. Damon Griffin, Associate Director of Annual Giving at damon.griffin@woodbury.edu, 818.252.5289.

Support Woodbury

Your gifts directly support Woodbury’s mission to provide the highest level of professional and liberal arts education to promising students in a rapidly changing and complex world. Alumni, parents, friends, faculty/staff, and philanthropic organizations see Woodbury as a worthy investment and answer the call to assist deserving students. Explore the many ways you can help support the University and preserve the Woodbury experience for future students!

Please visit www.woodbury.edu/support-woodbury to make a gift today.

Make a gift todayWoodbury university

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Woodbury University 7500 Glenoaks Boulevard Burbank, CA 91510-7846

(818) 767-0888(800) 784-WOODwww.woodbury.edu

Address Service Requested

NON-PROFIT ORG. U.S. POSTAGE

PAID PERMIT NO. 912

N. HOLLYWOOD, CA

The incentive is a fun way to encourage the entire community to help with this effort. However, the important thing to remember is that the goal of “12,000 Names” is to reconnect with our alumni and share with them the exciting changes and growth that have occurred at Woodbury over the years.

President Kenneth R. Nielsen, has launched a world-wide search focused on finding and connecting with “lost” Alumni. This is an institutional goal to find 12,000 names and addresses of living alumni who have lost touch with their alma mater.

$10 IncentiveWe are seeking 3,000 names this year and ask you to help us meet this goal. To encourage participation, we are offering a $10 incentive for each accurate, verified name and address submitted. For example, if you submit ten names and addresses that aren’t in our database, or are in the database but have incorrect mailing addresses, you will receive $100.

12,000 Names: Finding Lost Alumni

How do I submit a name and address of a lost Alumnus/a? If you know of an alum who has lost their connection with Woodbury, simply send an email to alumni@woodbury.edu with that person’s name, address and class year (if you know it) plus your contact details. We will then verify the name against our records and contact you if you the name and address you have provided was lost. Woodbury UniversityDevelopment & Alumni Relations7500 Glenoaks Blvd. Burbank, CA 91510-7846

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