Since its founding in 1893, American University has benefited greatly from the devotion, service, intellectual contributions, ethical behavior, and philanthropy of many thousands of faculty, staff, students, alumni, and friends.
In a very real sense, they also are "trustees" of the institutions by virtue of their dedication, affection, and generosity that help to ensure that the University will faithfully serve this and future generations. Those of us who have been chosen to serve as fiduciary trustees for a period of time-to safeguard the University's assets and to foster its capacity to serve others-enthusiastically and without reservation accept the following additional responsibilities as evidence of the commitment of each trustee. Read the Trustees' Statement of Commitment.
Several trustees were recently honored for their accomplishments. Betsy Mangone was inducted into the National Association of Charitable Gift Planners Hall of Fame--CGP's highest honor; Peter Scher was named to Business Insider's list of "10 people transforming how we think about capitalism;" Margery Kraus was featured in Enterprising Women's cover story and named "Woman of the Year" at EW's conference; and Mehdi Heravi will receive an honorary doctor of humane letters from Utah State University.
Winter 2019 Meeting Summary
The Board of Trustees met February 28 and March 1, 2019. Of particular importance was the Board's endorsement of the FY2020-21 operating budget, including a 3 percent tuition increase in each of the next two years and lower or no increases in housing and meal plans, resulting in a total cost of attendance increase of 2.3 percent and 2.4 percent, the lowest ever. We have also earmarked additional financial aid of $9.9 million and $7.4 million over the next two years. The budget will continue the momentum on our strategic priorities of scholarship, learning, and community.
In other Board action, Marc Duber and Gina Adams were unanimously approved as the Board's chair and vice chair, respectively, for 2019-21. In addition, the Class of 2019 (nine members) were reappointed for another three-year term; SPA Scholar-in-Residence Karen Baehler will be the faculty trustee; and Madison Dalton will become student trustee, beginning at the end of the May 17, 2019 meeting.