2018-2024 six-year plan€¦ · state six-year plan responds directly to goals and objectives of...

2018-2024 Six-Year PlanAugust 17, 2017

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About UVA• 2017-18 total budget of $3.43 billion across three divisions: Academic Division,

Medical Center, College at Wise

• Largest employer in area with 16,000 employees(8,900 in Academic Division and 7,100 in Medical Center)

• Fall 2017, projected on-Grounds student enrollment: 16,261 undergraduate and 6,520 graduate

• One-year retention rate=97.3%

• Four-year graduation rate=88%; six-year graduation rate=94%; six-year graduation rate for African-American students=91%

• $338 million in total research funding in 2016

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Recognition and RankingsAcademic Quality (2017 USNWR)• #2 Best National Public University• #24 Best National University (public and private)• #25 Most Innovative School

Affordability & Return-on-Investment• #2 Best Public College Value (2017 Kiplinger’s Personal Finance)• #5 Best Value Public University (2017 USNWR)• #7 Best Public College (2018 Money Magazine)• #12 Top Colleges That Pay You Back (2018 Princeton Review)

Patient Care (2017-18 USNWR “Best Hospitals”)• #1 Hospital in Virginia• 12 nationally-ranked or high-performing adult specialties• 4 nationally-ranked children’s specialties• 205 physicians selected Best Doctors in America (Best Doctors, Inc.)• 1 of 69 NCI-designated Cancers Centers in the U.S.

“For dollar-for-dollar investment, nothing beats going to the University of Virginia as an in-state student”(The Atlantic)

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UVA’s Approach to PlanningSynthesized efforts focused on multi-year planning:

Cornerstone Plan assesses strengths and weaknesses, sets priorities, and charts course for UVA’s future

Multi-Year Financial Plan establishes dynamic, sustainable financial framework and foundation for the Cornerstone Plan and the Six-Year Plan

State Six-Year Plan responds directly to goals and objectives of the Virginia Plan and the Higher Education Opportunity Act; aligns with the Cornerstone Plan; enhances quality of education, research, and service

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Alignment of UVA Priorities with Virginia Plan Goals

UVA Priority/StrategyState Goal 1: Provide

affordable access for all.

State Goal 2: Optimize student success for work

and life.

State Goal 3: Drive change & improvement through innovation &

investment.

State Goal 4: Advance economic & cultural

prosperity of the Commonwealth.

Access & Affordability: Making a World-Class Education Affordable

Assemble a Distinguishing, Diverse Faculty

Implement the Quality Enhancement Plan

Research

Enhance the Student Educational Experience

Organizational Excellence: Resource Alignment & Optimization

Economic Development

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Making a World-Class Education AffordableAffordable Access Student Success Innovation &

InvestmentEcon. & Cultural

Prosperity

• Meet 100% of demonstrated need for all students

• 32% of students awarded need-based assistance

• In-state students with family incomes of $76,000 and below (and assets of $50,000 or less) receive free tuition

• Limit need-based loans for students with financial need:

− $4K four-year loan cap for low-income Virginians

− $18K four-year loan cap for all other Virginians with need

− $28K four-year loan cap for non-Virginians1 Association of Public & Land-Grant Universities2 SCHEV, The Virginia Plan for Higher Education Debt Update

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Making a World-Class Education AffordableAffordable Access Student Success Innovation &


Prosperity

• UVA students who graduate with debt borrow less than the national average and have lower monthly loan payments− National: $25,500 debt, $256 monthly payment− UVA: $20,500 debt, $210 monthly payment

• Bicentennial Scholars Fund creates permanent, sustainable endowment for UVA’s financial aid program

• Cornerstone Grants provide funding to full-time undergraduate Virginia students who do not qualify for AccessUVA (income less than $125,000 and assets less than $150,000)

3 U.S. Department of Education, College Scorecard

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Assemble a Distinguishing, Diverse FacultyFaculty Compensation• Competitive faculty salaries are critical for recruitment and retention• Board of Visitors goal for faculty salaries to attain 20th rank among AAU institutions• Planned merit pool of 4.75% in FY2018-19 and 3% in FY2019-20 (3% average awarded in FY2017-18)

Affordable Access Student Success Innovation & Investment

Econ. & Cultural Prosperity

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2009 2010 2011 2012 2013 2014 2015 2016 2017

Goal of Top 20 in AAU

UVA Rank of Instructional Faculty Salary Compared to AAU Peers

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Assemble a Distinguishing, Diverse Faculty Faculty Start-up Packages• Successful faculty recruitments include funding for start-up packages, especially for STEM faculty

• Support laboratory renovations, equipment purchases, research staff hiring, graduate student training

• Estimated payout over 2018-20 biennium is $37.2 million− Packages paid out over 3 years− Includes start-up packages for Cluster and Target of Opportunity (TOPS) hires



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Assemble a Distinguishing, Diverse Faculty Cluster Hiring

• Collaborative faculty recruitment effort across multiple schools/departments to identify faculty working in interdisciplinary fields

• Faculty focus on cross-school research and interaction• Interdisciplinary cluster fields include Autism Spectrum Disorder, Biomedical Data Science,

Cloud-Scale Data Analytics, Democracy, Design Thinking & Innovation, Education Policy, Energy, Global Markets, Cybersecurity Policies & Emerging Technologies, Neuroscience, Resiliency in the Face of Environmental Change

• Expands diversity and reduces research barriers• Target: 20 new faculty hires each year

Target of Opportunity (TOPS) Hiring• Highly sought-after top scholars and researchers not on the job market• Enhance faculty excellence by building on strategic areas for growth• Each school encouraged to seek out one TOPS hire each year



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Empower faculty partners to be the best possible candidate for their desired job. The best candidates: Understand the local job market and where they add value. Engage in an application and interview process.

Analyze the job description Research prospective employers Prepare individualized applications

Are willing to network, develop a LinkedIn profile and hone their social media presence.

Facilitate UVA faculty recruitment and retention efforts by assisting UVA faculty spouses and partners seeking employment.

Goal

How?

Assemble a Distinguishing, Diverse FacultyAffordable Access Student Success Innovation &


Prosperity

UVA Dual Career Program

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Implement the Quality Enhancement Plan Creating a Culture of Writing for Undergraduate Students• Faculty preparation

− Workshop on writing pedagogy for new faculty− Faculty seminar on writing instruction− Additional online resources

• Curriculum− New approval process for second writing requirement courses− Writing Fellows program− Writing digital portfolios

• Infrastructure Support− Resources for creating, adopting, or enhancing digital portfolios, online learning platforms,

and classroom design



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Research Funding• High-quality research inherent in UVA’s founding

mission

• More than $1 billion in research proposal activity annually

• Sponsored research has grown over 77% since 2000

• From 2015 to 2016, School of Medicine climbed from 40th to 35th in total National Institutes of Health support

• Board of Visitors approved more than $80 million in strategic investments over multiple years to support research projects and infrastructure



RESEARCH FUNDINGAWARD DOLLARS IN MILLIONS BY BROAD FUND SOURCE CATEGORYFY2013 TO FY2017

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Research – Pan-University Institutes

Interdisciplinary research uses innovative and comprehensive approachesto address critical health and social challenges, support economic development,

and solve major global challenges.



Data Science (2014)

Brain (2016) Environmental Resilience (2017)

Global Infectious Diseases (2017)

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Research – Medical Translational ResearchAffordable Access Student Success Innovation &


Prosperity

UVA’s Cancer Center, a NCI-designated cancer center, has been named one of the top institutions in the country for cancer research by the National Cancer Institute.

Focused Ultrasound Center is one-of-a-kind for its dedicated MRI scanner and is one of two centers worldwide with a body unit and both low and high frequency head units.

Center for Diabetes Technology makes diabetes management easier and more effective through automated insulin delivery.

Translational Health Research Institute of Virginia (THRIV) integrates and uses health-related data to improve health of citizens and prepares next generation of researchers through education and career development opportunities.Comprehensive research and education partnership with Inova will accelerate joint discovery and application of translational medical research.

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Enhance the Student Educational Experience• High-impact educational experiences complement and enhance

classroom learning and prepare students for life after graduation

• Experiential learning opportunities:− Meaningful research with faculty – 54% of undergraduate

students complete a significant research, design, or creative project (e.g., Double Hoo research grant, Undergraduate Student Opportunities in Academic Research Program [USOAR])

− Entrepreneurial experiences (e.g., HackCville, Student Entrepreneurs for Economic Development [SEED])

− Internships and externships− Community engagement & public service− Global experiences (e.g., nearly 2,000 undergraduates study

abroad, Global Studies major, Global Internship Program)

• Board of Visitors Ad Hoc Committee on Advanced Learning Technology



http://www.virginia.edu/cue/

https://atuva.student.virginia.edu/organization/HackCville

https://career.virginia.edu/handshake

http://educationabroad.virginia.edu/

https://globalinternships.virginia.edu/

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Enhance the Student Educational ExperienceHigh-quality academic, career, and personal advising

• Total Advising Center established to enhance student access to and awareness of academically-related curricular and co-curricular interests



• First-Year Advising Seminars− 1-credit graded seminars for 1st-year students

in the College of Arts & Sciences and the School of Engineering & Applied Science

− Instructors serve as student’s advisor untilmajor selected

http://advising.virginia.edu/

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Enhance the Student Educational ExperienceAffordable Access Student Success Innovation &


Prosperity

National Scholarships and FellowshipsAwarded to UVA Students and Alumni (2015-2017)

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Board-Approved Strategic Investments

Access and Affordability Bicentennial Scholars Fund for Need- and

Merit-based Scholarships $100,000,000 Cornerstone Grant: Financial Aid for Qualifying

In-State Students $13,500,000 Increase Enrollment of In-State Undergraduate Students $1,500,000

Academic Experience Arts & Sciences Doctoral Student Support $4,800,000 Darden School Merit-based Scholarships $1,000,000 Law School Public Service Program $1,000,000 SCPS Public Safety Program $600,000 Undergraduate Student Opportunities in Academic Research

(USOAR) Federal Work Study/Research $559,500 McIntire School Global Commerce Program $500,000 Graduate Engineering Program $6,400,000 UVA-Wise Innovation Ecosystem $3,485,460 School of Nursing Transforming Clinical Scholarship $2,244,546

Research Support/Infrastructure ResearchNET Research Development $4,461,000 ResearchUVA Next Generation Technology $2,952,724 Research Cluster Computing Support $750,000 Reimagining Librarianship Strategic Plan $250,000 Center for Advanced Biomanufacturing $3,000,000 Neuroscience & Energy Strategic Research Initiative $521,844 Multifunctional Materials Integration Initiative $10,000,000

Research LinkLab for Cyber Physical Systems $4,810,000 Curry School of Education Research Faculty $2,406,400 Center for Catalytic Conversion of Natural Gas $1,955,000 Precision Individualized Medicine for Diabetes $16,992,531 Research & Learning in Social Sciences & Humanities $2,000,000 Bold Research Advancement in Neuroscience (BRAIN) $15,710,000 Democracy Initiative $10,000,000 Engineering in Medicine $5,000,000

The Board of Visitors has approved 27 projects with an aggregate investment of approximately $216.4 million over a 6-year period.

These projects help provide research, infrastructure, personnel, technology and other resources needed to meet the goal of supporting the most transformative projects of the University’s third century.

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Organizational ExcellenceAffordable Access Student Success Innovation &


Prosperity

Quality and Improvement Program to enable mission activities and institutional priorities

Guiding Principles Academic and administrative collaboration Data-driven and results-oriented Stewardship of resources Strategic, long-term impact

Outcomes High-performance culture (e.g. value, results) Resource alignment and optimization Enhanced organizational capacity for change

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Organizational ExcellenceAffordable Access Student Success Innovation &


Prosperity

FY2016-17 realized savings = $21.6 millionStrategic Sourcing – Consolidated spend for discount pricing; 6 commodities implemented to date; research and housekeeping new this year

ResearchUVA – Infrastructure to reduce administrative burden and provide research intelligence; Key elements – Researcher (PI) portal, data analytics and visualization, electronic proposal submission

University Business Intelligence (UBI) – New enterprise reporting environment; produces transactional, managerial and executive reports; 25 finance modules released to date

HR Transformation – Multi-year project to deliver high-quality, customer-centric services across the Academic Division and Health System; activated test-model of cloud technology and redesigned organization

OE Consulting Services – Custom services for schools/units upon request; +20 engagements included process improvement, planning and priorities, consolidation of activities

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Organizational Excellence

HR Transformation – Implement new service model for higher value services; Go-live of enabling cloud technology in July; Consolidate 3 payrolls into 1 and move to finance function

ResearchUVA – Automate end-to-end workflow; Enhance analytics; System integrations

Managerial Reporting – Focus on student information and Human Resources

ExpenseUVA – First full year of implementation; Automates workflow replacing a paper-intensive process with built–in rules, resulting in more efficient and accurate processing

Finance Transformation – Comprehensive review and redesign of service delivery - strategy, structure, processes, and technology for efficient and effective support of institutional needs

Information Technology Projects – Identity and Access Management to streamline activation, to simplify user experience and enhance compliance; Data Strategy to create standards and governance for enhanced business intelligence

University Portfolio Management – Enhanced coordination of major projects and related operational work for optimal results; Coordinate interdependencies, monitor progress, integrate work and share resources



Looking Ahead – Areas of Focus

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Economic DevelopmentAffordable Access Student Success Innovation &


Prosperity

Industry Attraction & Retention – Support economic development activities across Virginia, facilitate connections to UVA, and leverage resources as appropriate.

Talent Development – Provide students with skills needed in today’s workplace through relevant course offerings, programs, and workshops.

Research & Innovation – Support for industry-focused research and innovation at all levels including startup companies, proof-of-concept projects, licensing IP, industry sponsored programs, etc.

Appalachian Prosperity Project – Focus on (1) K-12 education support; (2) business support/entrepreneurship; and (3) access to healthcare.

GO Virginia – Partner with regional council to advance goals and objectives of GO Virginia to grow and diversify the State’s economy.

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UVA’s Economic Impact on the CommonwealthAffordable Access Student Success Innovation &


Prosperity

http://www.virginia.edu/economicimpact/

Capital Outlay Priorities

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Capital Outlay Priorities• Maintenance Reserve funding is critical for the repair and replacement of plant, property, and equipment to

maintain or extend the useful life of our facilities.– Facilities Condition Index measures relative condition of a building by dividing the value of maintenance backlog by the replacement

value (FCI<5% indicates a facility is in good condition, FCI>10% indicates poor condition)– Maintenance Reinvestment Rate is ratio of building maintenance expenditures to total replacement value

10.6% 10.9% 11.0%10.2% 10.0%

9.4%8.7%

7.5%

6.6%

5.4%5.0% 4.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

UVA E&G Facilities Condition Index (FCI)

1.18%

1.66% 1.70% 1.71% 1.66% 1.65% 1.70% 1.62% 1.68%

1.82%1.86% 1.89%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

1.8%

2.0%

2.2%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

UVA E&G Maintenance Reinvestment Rate (MRR)

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Capital Outlay PrioritiesAlderman Library Renewal ($152.5 million)• Serves more than 750,000 visitors per year

and houses 2.5 million volumes• Significant health and safety issues• Book stacks are non-code-compliant and are

overly full and unsafe• 30-year old HVAC system

Physics Building Renewal ($35.0 million)• Identified in STEM study as critical need for

recruiting faculty and meeting needs of growing enrollments in STEM fields

• 135,000 SF of outdated research and instructional space with deteriorated infrastructure

Commonwealth Engagement

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UVA’s Engagement with the Commonwealth• Partner with the Commonwealth to help address our collective challenges:

− Build a more diverse economy through entrepreneurial activity; translational research; and strategic corporate partnerships

− Promote sustainable job growth and workforce development− Steward the public’s resources and maintain affordability of higher education− Advance knowledge creation and provide high-impact educational experiences− Enhance the competitive position of higher education− Address the health care needs of Virginia’s citizens

• Board of Visitors Ad Hoc Committee on Commonwealth Engagement

• Expand provisions of the Restructuring Act

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Restructuring: What’s Next?• Identify and focus on relevant accountability measures

• Expand and enhance current restructuring provisions:− Modify certain policies

− Enrollment management− Academic program approvals− Revenue responsibility− Financial stability and long-range planning− Human resources

− Improve business processes within the University and between higher education institutions and central state agencies

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A Look to the Future…• Bicentennial Commemoration (2017-2019)

− Envisioning the future of higher education− A History of the University in 100 Objects: August-December− Launch weekend: October 5-7− Universities, Slavery, Public Memory, and the Built

Landscape: October 18-21− Women’s Global Leadership Forum: November 13-15

• Capital Campaign

• Presidential transition

2018-2024 six-year plan€¦ · state six-year plan responds directly to goals and objectives of...

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