From the President

Rev. John I. Jenkins, C.S.C.

"We are committed to providing our students with an unparalleled undergraduate education and to being pre-eminent in research and graduate education, all informed by our Catholic mission." —REV. JOHN I. JENKINS, C.S.C.

At the heart of campus, the Basilica of the Sacred Heart at the 125th anniversary of its consecration still reverberates with the steady beat of our founder’s inspired mission for Notre Dame. Next door in the Main Building topped with a golden dome, a tradition of supporting that mission with a conservative fiscal policy and careful management of our financial resources endures in the present day. This report documents the important ways this tradition continues, while also reflecting the extraordinary contributions and commitment of the many people striving to make Notre Dame a pre-eminent Catholic research university.

Our talented financial team has maintained a sustainable rate of payout on the endowment and a conservative building policy that requires full funding before we begin construction. I am deeply grateful for the work of Scott Malpass as he and his team invest in our future, and for John Affleck-Graves’ stewardship of our financial resources.

The fact that we are in a position of relative strength among our peers means that we are able to continue our momentum forward. We have begun to see the benefits of having identified $30 million in recurring spending and revenue opportunities to reinvest in our highest priorities. This has allowed us to create new faculty positions to further strengthen teaching and research, offer additional financial aid to meet the growing needs of undergraduates, and enhance staff support, libraries, and infrastructure to accomplish our educational mission. We are committed to providing our students with an unparalleled undergraduate education and to being pre-eminent in research and graduate education, all informed by our Catholic mission.

Notre Dame strives always to be “one of the most powerful means for good,” both in this country and around the world. These were the words of our founder, Rev. Edward Sorin, C.S.C., in 1842. We seek to live up to his pledge, which requires constant adaptation in a fast-paced and ever-changing world. Notre Dame recently completed a comprehensive strategic plan that balances a forward-looking vision with current financial realities. The plan will be updated regularly to ensure that we continue to change and grow to respond to the world’s needs, while always remaining true to the values that have echoed through the Basilica and Notre Dame for well over a century.