Despite a still shaky economic picture, I am pleased to report that we made substantial progress in
our strategic plan goals this year. We could not have done all that we have without the generosity
of our alumni and friends. We exceeded landmark fundraising goals in fiscal year 2011-Johnson's
Annual Fund set new school records both in dollars raised and number of donors-and we also
exceeded our alumni participation goal: 22 percent of Johnson alumni made a gift to one of our
programs, including the Annual Fund, restricted funds, and endowments.
We received generous support to create several new faculty positions this year — an important focus for us as we continue to expand our center and institute support and strive to replace the stellar faculty near retirement age. The estate of Barbara Collyer and Frank Collyer '48 funded the Lewis H. Durland Professorship of Management; Barry Ridings, MBA '76, and his wife funded the Barry and Ann Ridings Sesquicentennial Fellow; and Suk Y. Cha, MBA '84, funded the Suk Y. Cha '84 MBA Sesquicentennial Faculty Fellow. In addition, Peter Busch Orthwein '68, MBA '69, created a sesquicentennial faculty fellowship that spans Cornell's Dyson School (the undergraduate management program) as well as Johnson.
Scholarships are also very important to us at Johnson, and two alumni chose to honor Johnson with named scholarships this year. Edward Templer Calkins, MBA '94, created the Ann and Robert Calkins Family Scholarship in honor of his parents, Ann Calkins, who worked for many years in alumni affairs and development at Johnson and passed away in 1998, and Robert Calkins, a retired, renowned professor of art history at Cornell. Carlos Quintanilla, MBA '80, created an international scholarship: the Carlos and Clara Quintanilla Fellowship.
We established two new institutes this year-the Emerging Markets Institute and the Entrepreneurship and Innovation Institute-and we are grateful for the support we have received for these. One member of the class of 1981, who chooses to remain anonymous, funded the position of executive director for the Entrepreneurship and Innovation Institute; and, in corporate giving, Citi signed on as inaugural founding partner for the Emerging Markets Institute. From J. Michael Johnston, MBA '89, we received generous support for our Center for Sustainable Global Enterprise. The J. Michael Johnston Sustainable Business Fund supports new initiatives to build novel programs and partnerships; to support student participation in projects or activities such as travel for competitions or internships; and can be used to support faculty for curriculum development or research.
Please check our Web site for more details about the great strides we have made in reaching our strategic plan goals this year. Lastly, I want to make special mention again of the outstanding support by our alumni and friends of our Annual Fund. Unrestricted giving is critical in helping us meet our operational objectives and gives me the flexibility I need to add value to important initiatives that are otherwise unfunded. Every contribution helps us to move beyond being a good school to being a great school. Many thanks for all your support.
L. Joseph Thomas
Anne and Elmer Lindseth Dean