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President Delivers State of the University Address
Health science center maintains positive financial margin
University of Texas Health Science Center at Houston President Larry R. Kaiser, M.D., spoke to Development Board members at the quarterly meeting on Feb. 4 and delivered a State of the University address that emphasized the rich history and what he sees as great potential for the institution’s future.
“In the world’s largest medical center,” Kaiser said, “we have the world’s largest opportunity.”
Kaiser pointed out that exceptional new facilities, as well as award-winning current faculty, a strong research program, top students and exceptional patient care are key components that make the university“well positioned to become the finest institution of its type in the Southwest.”
Addressing the national downturn in the economy, Kaiser noted that although the market value of the university’s endowed funds at the end of 2008 was down nearly $45 million – a 28 percent loss – from the previous year, gifts to the health science center have increased dramatically.
“Overall philanthropic commitments to the university more than doubled from $26 million in fiscal year 2007 to $71 million in FY08. Giving by alumni and Development Board members also increased, due in no small part to the increased involvement of the Development Board in making generous contributions and working to engage others in the life of the university,” the president said.
Kaiser also emphasized the university’s financial stability, pointing out that through the first four months of fiscal year 2009, UT Health Science Center at Houston had a positive margin.
Kaiser concluded by saying, “in 10 years, we want similar institutions to say,‘We want to be more like the University of Texas Health Science Center at Houston. It’s going places.’
The University of Texas Health Science Center is In the world’s largest medical center. “We will take advantage of the world’s largest opportunity to make our move,” he added.
State of the University – By the Numbers
The following are some of the facts and stats quoted by President Kaiser, during his Feb. 4 State of the
- In the academic year 2008, the health science center community included more than 9,000 members (5,037 faculty and staff, 3,865 students, 809 medical residents, 92 dental residents/postgraduate students and approximately 200 fellows).
- We now own 4.8 million gross square feet of space – more than 10 times what we owned in 1972.
- We continue to make progress on the Research Park Complex, which will be home to the new Dental Branch building, the Center for Advanced Biomedical Imaging Research (CABIR) and the Biomedical Research and Education Center (BREF). The six-story, 200,673-square-foot Medical School Expansion, which opened in 2008, marked the school’s first expansion in three decades and represented its final recovery from Tropical Storm Allison.
- Economically, our university is responsible for a $2.3 billion annual, indirect economic impact on the Houston metropolitan region.
By Wendy K. Mohon, Institutional Advancement