PRESIDENT’S REPORT 2012

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HereCOMING HOME TO BELMONT

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“From Here to Anywhere”

Four small words outline a driving Belmont belief. This University provides an environment for students to develop intellectually, spiritually, socially and physically. Faculty, administration and staff commit themselves to guide and challenge students to develop to their full potential, in order to lead lives of meaning and purpose. And we

believe this philosophy truly can lead our students from here on this campus to anywhere they dream.

Prospective students hear the “From Here to Anywhere” motto beginning with their first contact with the University, though by the time fall Move In Day rolls around, they are simply focused on carrying their belongings “from packed SUVs to their new residence hall

rooms!” Nevertheless, the theme is repeated to them again and again as Welcome Week speakers and the candlelight ceremony at the Bell Tower focus not only on what a Belmont education can provide for each student’s development but also on what each student can contribute to the campus, the community and the broader world.

“FROM HERE TO ANYWHERE” FOUR SMALL WORDS OUTLINE A DRIVING BELMONT BELIEF.

BELMONT’S APPROACH FOSTERS WELL-ROUNDED INDIVIDUALS COMMITTED TO LIFE-LONG LEARNING.

In the past year, the motto was driven home by alumni guest speakers like Melinda Doolittle and Ginny Owens, who spent time on campus sharing experiences from their careers as musicians and writers. Brad Paisley brought the concept into sharper focus as well in 2012, establishing an endowed scholarship at his alma mater to help the next generation follow in his successful footsteps.

But as much as Belmont seeks to inspire and equip students for bright futures, the University also hopes to provide an exceptional experience on the “here” side of the equation. From challenging, interdisciplinary and innovative academics to a vibrant campus life, Belmont’s approach fosters well-rounded individuals committed to life-long learning. Students are

encouraged to explore the world in which they live through a broad spectrum of first-person experiences, such as researching in a chemistry lab, engaging in on campus worship services or traveling abroad through academic and outreach programs.

While the “here” Belmont offers is extraordinary, it’s only the beginning.

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SERVING THE COMMUNITY

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Twenty-five freshmen began their college careers in August painting a loading dock, cleaning chairs and refurbishing a picnic area at Nashville’s Adventure Science Center. Their altruistic participation—matched by that of 1,700 other new students at sites across the city—came as part of Belmont’s annual SERVE initiative, which aims to get students involved and invested locally. A few weeks later, a Community Connections Fair was held on campus to introduce students to even more volunteer opportunities.

Community service is a value Belmont lives out so well that the University was named to The President’s Higher Education Community Service Honor Roll with Distinction for its support of volunteering, service learning and civic engagement.

Just as Belmont students and employees show a broad spectrum of diverse interests, the manner in which they serve the community runs the gamut as well. Belmont Greeks hosted a Halloween-themed Sports Night for kids at Rose Park, while

Belmont employees delivered Christmas poinsettias to a nearby senior citizen complex.

But, often, the volunteer efforts center on hands-on education. Through the newly established Homework Hotline in Bunch Library, Belmont students are on call from 4 to 8 p.m. weekdays to answer questions from grade-school students throughout the state. And of course, Belmont continues to sponsor the spring Family Literacy Day, which is designed to teach younger students to enjoy reading.

TWENTY-FIVE FRESHMEN BEGAN THEIR COLLEGE CAREERS IN AUGUST PAINTING A LOADING DOCK, CLEANING CHAIRS AND REFURBISHING A PICNIC AREA AT NASHVILLE’S ADVENTURE SCIENCE CENTER.

WHILE THESE ARE ALL GOOD WORKS AND IMPORTANT COMMUNITY CONTRIBUTIONS, BELMONT’S LOCAL IMPACT CAN BE FELT IN OTHER ARENAS AS WELL.

While these are all good works and important community contributions, Belmont’s local impact can be felt in other arenas as well. The University’s role also extends to hosting guest lectures and educational events that are open to the public, including 2012 appearances by Colin Powell, Rachael Ray and Donald Miller’s Storyline Conference. One

of the University’s biggest attendance draws comes from its renowned talent in the performing arts with plays, concerts and showcases of every variety held on a near daily basis. This year Belmont was also grateful to present the “More Cloar” exhibit of paintings, lithographs and drawings by the nationally recognized painter Carroll Cloar.

All of these efforts, along with countless internships, unite the University to the surrounding community. Whether inviting our city onto campus for special events, sending our students into the workforce or volunteering at nonprofit sites, Belmont actively pursues its vision to be “Nashville’s university.”

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MAKING HISTORY

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Making an impact on campus and in the community is a natural fit for any institution of higher education, but one of the many things that sets Belmont apart is its high performance on a variety of measuring standards. Belmont consistently makes history by moving from here to the top of the charts.

Each fall the University announces two closely watched numbers, enrollment and U.S. News rankings, both of which reflect aspirations in Belmont’s Vision 2015. In fall 2012, the numbers were decidedly moving

in the right direction with enrollment reaching a record-breaking tally of 6,647. A few weeks later, Belmont discovered it had maintained its No. 7 ranking on U.S. News and World Report and was lauded for the fifth year in a row as a top “Up-and-Comer.”

Belmont also scored national attention as the Center for Entrepreneurship was named a Top 20 program by Princeton Review and the best program in the nation in terms of teaching and innovation according to the Global Consortium of Entrepreneurship

Centers. Not to be left out, the Massey Graduate School was named a Best Business School by Princeton Review, and the part-time MBA, Occupational Therapy and Physical Therapy programs were all praised by U.S. News on its lists of Best Graduate Schools. Meanwhile, Belmont’s public relations students won two national awards at their annual conference, pharmacy and business students landed in the top eight of international competitions, and the Speech and Debate team clinched the state championship. Belmont’s

ONE OF THE MANY THINGS THAT SETS BELMONT APART IS ITS HIGH PERFORMANCE ON A VARIETY OF MEASURING STANDARDS.

THERE’S NO TALK OF RANKINGS WITHOUT MENTIONING BELMONT’S OUTSTANDING STUDENT-ATHLETES, WHO WON THE ATLANTIC SUN’S ACADEMIC TROPHY FOR AN UNPRECEDENTED NINTH TIME.

Greek Life chapters fostered strong impressions as well, earning recognition from their national organizations for merit, academic excellence and community service.

Not to be outdone, Belmont faculty made their own headlines this past year. Physics professor Scott Hawley landed a sizeable research grant, and Debra Wollaber was honored as the Nurse of the Year for Education by the March of Dimes regional chapter. Plus, this year’s recipients of the Harold Love Outstanding

Community Service Award included Belmont sociology professor Ken Spring and law student Katherine Blankenship.

In addition, math professor Mike Pinter was named Tennessee Professor of the Year, and Jeff Cornwall was honored as the Entrepreneurship Educator of the Year… and those are just a few of the bigger recognitions. Faculty and students from across campus were recognized in 2012 for contributions in scholarship and service.

Of course, there’s no

talk of rankings without mentioning Belmont’s outstanding student-athletes, who won the Atlantic Sun’s Academic Trophy for the ninth time last summer before moving to the Ohio Valley Conference. Baseball and men’s basketball also departed the A-Sun as reigning conference champs, while volleyball and cross country runner Mia Elbon laid claim to Belmont’s first team and individual conference trophies last fall.

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Belmont’s impact isn’t limited to the campus, community or even to headline-making rankings and awards. The University truly reaches from here to everywhere imaginable.

In 2012, nowhere was this seen more clearly than when the Belmont team won the Enactus World Cup, an international entrepreneurship competition. Belmont Enactus beat out the national champions of

37 other countries with a flawless presentation and annual report on its 14 community outreach projects. As their flagship effort, students developed the concept, business plan, supply chain, licensee structure and operations manual for Spring Back Recycling. The nonprofit business employs formerly homeless or incarcerated workers in recycling mattresses, giving them employment and small business training.

Another significant event sure to signal future worldwide impact occurred in May when the College of Pharmacy graduated its charter class and received full accreditation. Since the college’s first class was admitted in August 2008, students have filled more than 7,800 prescriptions in Belmont’s on campus pharmacy and participated in medical missions to Cambodia, Guatemala, Ghana and Oglala Sioux Nation in South Dakota.

BELMONT ENACTUS BEAT OUT THE NATIONAL CHAMPIONS OF 37 OTHER COUNTRIES WITH A FLAWLESS PRESENTATION AND ANNUAL REPORT ON THEIR 14 COMMUNITY OUTREACH PROJECTS.

To make such global impact possible, Belmont begins by creating world-class facilities that empower students to engage in transformational learning. In the past year alone, Belmont has added the McAfee Concert Hall, the Baskin Center for the College of Law and new residential structures, Dickens and Horrell Halls. The buildings are state-of-the-art and environmentally friendly. In fact, the Baskin Center was awarded Gold-level LEED certification,

making it the largest LEED-certified academic building in Tennessee.

Belmont is also committed to increasing diversity and cultural competency, so students are exposed to countless opportunities to learn about issues around the world. For example, the College of Law hosted a talk by Gary Haugen from International Justice Mission, an organization which secures justice for victims of slavery and sexual exploitation, while

Asian Studies faculty member Joan Li shared her own personal stories of cultural integration. Plus, the annual Study Abroad Fair truly opened doors to a wealth of possibilities for first-hand cross-cultural experiences. In addition, the University’s Spring Break Immersion mission trips took students all across the country to volunteer and serve in settings ranging from urban cities to national parks to rural Appalachia.

BELMONT IS ALSO COMMITTED TO INCREASING DIVERSITY AND CULTURAL COMPETENCY SO STUDENTS LEARN ABOUT ISSUES BEING FACED AROUND THE WORLD.

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It all leads to the overarching motto, Belmont can take you “From Here to Anywhere.”

With this type of ambition, the natural question is “What’s next?” With two years remaining on the University’s Vision 2015 plan, a number of far-reaching aspirations have already been met, and other goals are nearing their targets. Most importantly, the primary characterizations sought for Belmont in 2015 are clearly evident in 2012:

INNOVATION AND ENTREPRENEURSHIP

SERVICE AND MEANING

POSITIVE CHANGE AND GROWTH

CHRISTIAN CHARACTER

COMMUNITY ENGAGEMENT

These threads are woven seamlessly throughout the University. For example, in 2012, the University launched the Belmont Challenge, an ongoing initiative that provides a way for faculty and staff to submit innovative

ideas to address specific topics. The University also served the community in a new way by hosting the first-ever Mid-South PeaceJam, bringing a Nobel Peace laureate to campus to inspire high school and middle school youth toward leadership development.

The campus’ newest addition is a planned 188,000-square-foot academic building to house the College of Arts and Sciences and School of Religion—the building and underground garage are scheduled to open in summer 2014.

BELMONT UNIVERSITY CENTERS ATTENTION FIRST HERE ON CAMPUS, ON STUDENTS, AND THEN BROADENS OUT IN CONCENTRIC CIRCLES TO MAKE A GLOBAL IMPACT THROUGH TRANSFORMATIVE EDUCATION.

Speakers ranging from singer Amy Grant to “ordinary radical” Shane Claiborne to civil rights activist John Perkins inspire students to think anew about their faith, and University Ministries offers more and more ways for the campus to intentionally live out their beliefs through a variety of ministry opportunities. Finally, Belmont continues to gain

ground in its efforts to be “Nashville’s university.” The latest uniquely-Belmont engagement with the community found the cast and crew of ABC television show “Nashville” on campus for a taping that allowed students to experience life as TV extras.

So what’s next? Vision 2020, naturally. Strategic thinking will meet creative

imagining through intentional dialogue that incorporates ideas from audiences across campus. It’s impossible to envision what that distant future may hold, but as always, one concept is certain… it will take Belmont University “From Here to Anywhere.”

POSITIVE CHANGE AND GROWTH NEVER SEEMS TO FALTER AT BELMONT.

$0

$40,000,000

$80,000,000

$120,000,000

$160,000,000

$200,000,000

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Budget Growth

$0

$102,000,000

$204,000,000

$306,000,000

$408,000,000

$510,000,000

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Asset Growth

$50,000,000

$122,500,000

$195,000,000

$267,500,000

$340,000,000

Net Asset Growth

$0

$32,000,000

$64,000,000

$96,000,000

$128,000,000

$160,000,000

Tuition Revenue

$0

$55,000,000

$110,000,000

$165,000,000

$220,000,000

$275,000,000

Investment in Construction

12-13

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Statement of Financial Position May 31, 2012

Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,323,517 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . 96,447,419 Receivable from Others . . . . . . . . . . . . . . . . . 16,976,733 Property, Buildings and Equipment, net . . . 320,633,570 Other Assets . . . . . . . . . . . . . . . . . . . . . . . . . . 2,420,711 Total Assets . . . . . . . . . . . . . . . . . . $500,801,950

Liabilities Accounts Payable and Accrued Liabilities . . 19,461,137 Notes Payable . . . . . . . . . . . . . . . . . . . . . . . 142,998,878 Other Liabilities . . . . . . . . . . . . . . . . . . . . . . . . 7,281,877 Total Liabilities . . . . . . . . . . . . . . . $169,741,892

Net Assets Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . 242,674,184 Temporarily Restricted . . . . . . . . . . . . . . . . . . 31,725,263 Permanently Restricted . . . . . . . . . . . . . . . . . 56,660,611 Total Net Assets . . . . . . . . . . . . . . $331,060,058 Total Liabilities and Net Assets . . . $500,801,950

Statement of Activities - All Funds Year Ended May 31, 2012

Revenue and Other Support Tuition and Fees . . . . . . . . . . . . . . . . . . . . . 155,896,140 Less: Scholarships and Fellowships . . . . . . . (24,975,199) Net Tuition . . . . . . . . . . . . . . . . . . $130,920,941 Gifts, Grants and Contracts . . . . . . . . . . . . . . . 4,620,270 Endowment Spending . . . . . . . . . . . . . . . . . . . 2,005,345 Auxiliary Enterprises Sales and Services . . . . 23,742,940 Other Sources . . . . . . . . . . . . . . . . . . . . . . . . . 5,290,290 Total Revenue and Other Support $166,579,786

Expenses Instruction . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,393,224 Academic Support . . . . . . . . . . . . . . . . . . . . . 16,398,679 Student Services . . . . . . . . . . . . . . . . . . . . . . 22,967,180 Institutional Support . . . . . . . . . . . . . . . . . . . 15,943,716 Auxiliary Enterprises . . . . . . . . . . . . . . . . . . . 13,892,580 Total Expenses . . . . . . . . . . . . . . . $122,595,379

Non-operating Activities Gifts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,257,639 Decrease in market value of investments . . . (5,806,870) Change in value of interest rate swaps . . . . . (1,238,359) Net Decrease from Non-operating Activities . . . . . . . . . . . . (4,787,590)

Net Increase in Net Assets . . . . . . . $39,196,817 Net Assets at Beginning of Year . . . . . . . . . 291,863,241 Net Assets at End of Year . . . . . . $331,060,058

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