JB Christy

During its June meeting, members of the Stanford University Board of Trustees reviewed construction projects, including the new Denning House, approved the university budget and feted outgoing President John Hennessy and his wife, Andrea.

In a statement, the Board of Trustees underlines Stanford's commitment to battling climate change, highlights university initiatives to address it and responds to Fossil Free Stanford's request to divest from the fossil fuel industry. The trustees have concluded that Stanford's endowment will not divest, based on a review of criteria in the university's Statement on Investment Responsibility and input from the Advisory Panel on Investment Responsibility and Licensing. The trustees also announce a new climate task force that will solicit new ideas from across the Stanford community for addressing climate change.

During its April meeting, trustees heard presentations from campus leaders on a variety of issues – economics, arts programs, the Stanford Cyber Initiative, the biomedical revolution in precision health. They also toured the SLAC National Accelerator Laboratory.

During its recent meeting, the Stanford Board of Trustees endorsed the Knight-Hennessy Scholars Program, set tuition, approved construction projects, discussed investment responsibility and the Year of Learning, and welcomed former trustees back to campus with a program in the arts district.

Under Stanford's undergraduate financial aid program, typical parents with incomes below $125,000 pay no tuition, and those with incomes below $65,000 pay no tuition, mandatory fees, room or board.

The Stanford trustees announced that Marc Tessier-Lavigne, president of The Rockefeller University and former Stanford faculty member, will be the 11th president. He will assume the role Sept. 1.