taxpayer support for capital projects and, to diminishing extent, operations; (2) growing streams of earned income (tuition and fees, research grants and contracts, and entrepre- neurial leveraging of William & Mary strengths to generate new sources of revenue); (3) greatly enhanced philanthropy (annual giving, endowment growth, funds for bricks and mortar); and (4) internal productivity gains that maintain our quality of learning and campus life as cost effectively as possible. These four pillars, once fully in place, can support a public-private partnership of great staying power and potential. This public-private partnership will unite the Commonwealth and all parts of the College — our students and their parents, our faculty and staff, our research funders and foundation grantors, and our alumni and friends — coming together to sustain William & Mary.
Why confidence? First, William & Mary’s people are superb. Superb people figure out how to make things happen and find opportunity in adversity. Second, the university’s juggernaut is already rolling with powerful momentum. Tens of thousands of William & Mary peo- ple are helping push — people on campus and around the world. Third, no college or university in the United States (at least none still breathing) has encountered more adversity over the centuries than William & Mary; like the phoenix, the College always rises from the fire. Thus, there is real cause to believe we can and will build the financial foundation essential to William & Mary in the 21st century.
Last spring our newly admitted students received a folder of materials with the legend, “There is only one William & Mary — and now it’s yours.” It’s actually all of ours. And it is a treasure profoundly worth preserving.
Cordially,
W. Taylor Reveley III President
P.S. In addition to this letter, our 2010 State of the University consists of photos, videos and links to news about William & Mary from last year, stories about some of our students, faculty and alumni, and a financial report on the fiscal year ending June 30, 2010. Please take a look.
2 The College of William & Mary / President’s Report 2010
/ STATE OF THE UNIVERSITY
STEPHEN SALPUKAS
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