Board of Trustees
The Board of Trustees of the Leland Stanford Junior University
Under the provisions of the Founding Grant, the Board of Trustees is custodian of the endowment and all the properties of Stanford University. The board administers the invested funds, sets the annual budget, and determines policies for operation and control of the university. Among the powers given to the trustees by the Founding Grant is the power to appoint a president. The board delegates broad authority to the president to operate the university and to the faculty on certain academic matters.
News & Updates
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Board of Trustees elects two new members
Sarah J. Friar, MBA ’00, is the chief financial officer of OpenAI, and Bob Sternfels, BA ’92, is the global managing partner of McKinsey & Company.
November 04, 2025
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Jane A. Lauder elected to Stanford Board of Trustees
New trustee Jane A. Lauder, who earned her undergraduate degree from Stanford in 1995, is a former senior executive of the Estée Lauder Companies and a current member of its board.
January 22, 2025
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Lily Sarafan elected chair of Stanford University Board of Trustees
Stanford alumna Lily Sarafan, co-founder and executive chair of TheKey, will succeed Jerry Yang as chair of the Stanford University Board of Trustees starting July 1.
January 15, 2025
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Stanford Board of Trustees elects three new members
Roelof F. Botha and Peter Salovey will begin their five-year terms on Dec. 1, 2024, and Stacy S. Brown-Philpot will begin her five-year term on Feb. 1, 2025.
November 21, 2024