Trustees moved forward several building projects and received updates on how the university is raising its sights after the challenging beginning of the pandemic.
Trustees approved the 2021-22 budget, discussed the university’s racial justice initiatives, heard a report on graduate and postdoctoral education, and took action on other items.
New trustee Marc Lipschultz, who earned his undergraduate degree from Stanford in 1991, is president and co-chief investment officer of Owl Rock Capital.
Stanford trustees received briefings on such university initiatives as the new school for climate and sustainability and undergraduate education enhancements, as well as pandemic progress and campus activities.
Undergraduate families with annual incomes below $75,000 will not be expected to pay tuition, room or board at Stanford, up from the current $65,000 threshold. General tuition will not increase in 2021-22, while room and board charges will increase modestly.
Denning, known for her advocacy of the arts and humanities at Stanford, has been elected to the university’s Board of Trustees. Her term begins Feb. 1.
Stanford alumnus Jerry Yang, founding partner of AME Cloud Ventures and co-founder of Yahoo!, was elected chair of the Stanford University Board of Trustees, succeeding Jeff Raikes.
In a series of remote meetings, the board discussed the ongoing pandemic, new construction, the university’s engagement with the external world and Long-Range Vision progress.