13.07.2015 Views

Pioneering - Wentworth Institute of Technology

Pioneering - Wentworth Institute of Technology

Pioneering - Wentworth Institute of Technology

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

WE ARE PIONEERSEach year at <strong>Wentworth</strong>, we graduate pioneers. They are men andwomen with ideas for transformative change and a passion forexploring new ways <strong>of</strong> thinking. They go on to become leaders <strong>of</strong>industry, business owners, and entrepreneurs who define the future<strong>of</strong> their chosen field and our global economy.The ability to break new ground is a characteristic shared by theentire <strong>Wentworth</strong> community. Our faculty is dedicated to creatingnew ways to reach students and promote our educational goals.Our staff is constantly introducing new initiatives and programsthat advance the mission <strong>of</strong> the <strong>Institute</strong> in myriad ways. Ouralumni and industry partners are challenging us to extend ourlearning opportunities beyond the classroom.This pioneering culture has manifested itself in three distinct ways:growth, connections, and vision. Each <strong>of</strong> these areas has played arole in advancing our greater mission—building a better future forthe entire <strong>Wentworth</strong> community.Sincerely,Zorica Pantić, EE, Ph.D.PRESIDENTDavid W. Kruger, DET ’04 (Hon.)CHAIRMAN


Rendering <strong>of</strong> theIra Allen renovation<strong>Pioneering</strong>: GrowthAs <strong>Wentworth</strong> continues toadvance, we maintain a focusnot simply on expansion, but alsoon growing in ways that reflectinsight into the needs <strong>of</strong> ourstudents, faculty, and partnersin industry.28students areenrolled inthe Master<strong>of</strong> Science inConstructionManagement'sinaugural class.The <strong>Institute</strong> began <strong>of</strong>feringa Master <strong>of</strong> Science inConstruction Management,giving construction pr<strong>of</strong>essionalsthe opportunity tolearn management principlesthat will help them advancein their careers. The new programis administered through<strong>Wentworth</strong>’s College <strong>of</strong>Pr<strong>of</strong>essional and ContinuingEducation (formerly The Arioch Center@ <strong>Wentworth</strong>). The college is likewisefocused on market-driven programdevelopment under the leadership <strong>of</strong> itsnew dean, Larry Carr. <strong>Wentworth</strong> alsograduated its first Master <strong>of</strong> Architectureclass this summer, with recipients <strong>of</strong> the<strong>Institute</strong>’s highest academic degree honoredwith an elaborate hoodingceremony. In an effortto serve the digital learningneeds <strong>of</strong> the new generation<strong>of</strong> students, the <strong>Institute</strong> has84graduatesreceived thenew Master <strong>of</strong>Architecturedegree in itsinaugural class.also greatly expanded itseducation model to includethe flexibility <strong>of</strong> hybrid (whichincludes both online andin-person instruction) andonline courses. <strong>Wentworth</strong>also created six new facultypositions, introducingThis year,118educators whose backgroundsinclude everythingfrom chemistry tohybrid andcomputer science.25The growth <strong>of</strong> the<strong>Institute</strong> and the changingneeds <strong>of</strong> industry haveincreased demand foronline coursesupdates to <strong>Wentworth</strong>'s were <strong>of</strong>fered.facilities and infrastructure.The second floor <strong>of</strong> Kingman Hallwas refurbished, transforming an underutilizedspace into two classrooms and 13<strong>of</strong>fices for faculty. Similarly, renovationsto the Annex South created <strong>of</strong>fice andstudy room space for the new constructionmanagement master’s program. TheWhen it iscompleted, theaddition to IraAllen will bethe first truenew academicconstruction oncampus since1972.<strong>Institute</strong> also solidifiedplans surroundingthe renovation <strong>of</strong> andaddition to Ira Allen,which will include 10new lab spaces as wellas the <strong>of</strong>fices for theDepartment <strong>of</strong> AppliedMathematics andSciences. The architectwas chosen forthe renovation <strong>of</strong> Beatty Hall, which willinclude the Flanagan Campus Center.Both projects are due to break ground insummer 201 1.


<strong>Pioneering</strong>: ConnectionsPropelling the <strong>Institute</strong> forward isa group effort, reliant on strongrelationships and effective interactions.The progress <strong>of</strong> the <strong>Institute</strong>was aided immensely by both theformation <strong>of</strong> new connections andthe reinforcement <strong>of</strong> existing ties.11facultyvolunteersserved asfacultymentors.The Division <strong>of</strong> <strong>Technology</strong> Servicesutilized strong peer relationships amongour educators to implement a facultymentor program. This new initiativeallows faculty looking to moreeffectively leverage technology—withonline courses orinteractive teaching methods,for example—to receiveassistance from their fellowfaculty members. The Office<strong>of</strong> Institutional Advancementsimilarly began to rethink theirengagement model. Theirintroduction <strong>of</strong> instructive alumni eventsallowed graduates to network while earningcontinuing education credits, whichhelp them attain or maintain their licensingas well as advance their careers.<strong>Wentworth</strong> has also worked hard tocreate new ways to keep our studentsconnected to campus. Thenew Weekends @ WITprogram saw the launch <strong>of</strong>25%<strong>of</strong> the studentpopulationparticipatedin alcohol-freeprogramming.campus events that <strong>of</strong>feredstudents healthy alternativesfor recreation throughengaging activities andalcohol-free programming.Special Interest Housing, an innovativeresidential program for freshmen, gavestudents the chance to choose theirliving arrangements based on one <strong>of</strong>four interests: wellness living; leadershipand life; women in technology; and videogames and the arts. By allowing freshmento bond with like-minded members<strong>of</strong> their class, this program can easethe transition to college life and ensurethat students are integrated into the<strong>Wentworth</strong> community.The <strong>Institute</strong>’s ongoing effort to connectstudents to real-world, interdisciplinarywork environments took a step forwardas students in architecture, constructionmanagement, and civil engineeringtechnology workedat the Arcosantiurban laboratory inArizona for Spring2010 co-op. Thefocus on learningacross disciplinessaw the studentspractice everythingfrom greenhousedesign to welding.22students traveledto Arcosanti, anexperimental townthat focuses onsustainability andexperimental buildingtechniques.Arcosanti


Alyssa Tsoutsouras, BINT ’11<strong>Pioneering</strong>: Vision<strong>Wentworth</strong> has seen a greatnumber <strong>of</strong> intuitive innovationsfrom faculty, students, andalumni alike.Computer science“Train the Trainer”pr<strong>of</strong>essors PierreArthur Elysee andMagdy Ellabidyobserved the enormoussuffering causedby poor infrastructurein the wake <strong>of</strong> Haiti'sJanuary 2010 earthquake and39decided to help in a way thatcould aid the island nation forgenerations. Their "Train theTrainer" program brought HaitianHaitiannationals to the <strong>Wentworth</strong>nationalswere taught campus for instruction in projectunder the management and construction"Train themanagement by <strong>Wentworth</strong>Trainer"program. pr<strong>of</strong>essors and industry pr<strong>of</strong>essionals.After returning to Haiti,participants will lead training for othermembers <strong>of</strong> their communities in orderto boost rebuilding efforts.The vision <strong>of</strong> our studentsshone as well. AlyssaTsoutsouras, BINT ’11,had a clear image <strong>of</strong> al<strong>of</strong>t in Boston filled withnautical elements thatwon her a prestigious$30,000 scholarshipfrom the Angelo DonghiaFoundation. She is thefirst <strong>Wentworth</strong> studentever to win the prize.Tsoutsouras wasone <strong>of</strong> only12students fromacross thecountry to winthe DonghiaFoundationscholarship.Jack Smith, IE ’58, is setting anextraordinary example with his gift <strong>of</strong>$500,000—and his promise <strong>of</strong> another$500,000 if the number <strong>of</strong> donors to<strong>Wentworth</strong> is increased by 10 percent.His gift and his vision have not onlyadvanced our mission but have alsohelped the <strong>Institute</strong> create a new wayto give. Throughhis challengeto his fellowalumni, a gift to<strong>Wentworth</strong>—nomatter the size—can have twicethe impact.


summary <strong>of</strong> financial results(As <strong>of</strong> June 30, 2010)OPERATING 2010 2009 2008 2007 2006REVENUESStudent tuitionand fees 80,260,109 74,145,362 68,695,561 62,670,310 59,025,569Auxiliaryenterprisesrevenue 21,790,322 21,230,959 19,985,059 19,430,455 18,364,413Gifts andbequests 693,944 550,252 769,984 709,814 723,235Other income/(loss) 1,912,310 (506,698) 1,733,310 2,923,746 1,424,339Investmentincome usedfor operations 3,746,400 4,350,280 4,056,176 3,613,447 3,373,280Totaloperatingrevenues $108,403,085 $99,770,155 $95,240,090 $89,347,772 $82,910,836EXPENSESEducationand general 80,043,390 78,066,275 76,408,652 69,952,456 64,486,351Auxiliaryexpenditures 3,604,936 3,536,085 3,466,365 3,175,053 3,136,308Student aid 18,454,289 16,465,597 13,956,059 11,511,447 10,510,602Total operatingexpenses 102,102,615 98,067,957 93,831,076 84,638,956 78,133,261Operatingsubtotal $6,300,470 $1,702,198 $1,409,014 $4,708,816 $4,777,575NONOPERATING 2010 2009 2008 2007 2006Gifts andbequests 820,216 654,938 4,225,099 2,541,341 2,178,598Endowment*/investmentsGains/losses (1,862,364) (29,937,929) (13,816,022) 10,376,410 4,576,621Nonoperatingsubtotal ($1,042,148) ($29,282,991) ($9,590,923) $12,917,751 $6,755,219NET ASSETSBeginning<strong>of</strong> year $119,980,385 $147,561,178 $155,743,087 $138,116,520 $126,583,726End <strong>of</strong> year $125,238,707 $119,980,385 $147,561,178 $155,743,087 $138,116,520*Endowment $66,796,355 $66,779,877 $91,070,763 $91,135,046 $78,810,991

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!