Geoffrey Chatas, Executive Vice President and Chief Financial Officer
University of Michigan
University of Michigan
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Republican Carl Meyers has been elected and Democrat Denise Ilitch has been reelected to eight-year terms on the University of Michigan Board of Regents.
With all 83 Michigan counties reporting, unofficial statewide totals indicate Meyers was the top vote-getter in the Nov. 5 election with 2,553,175 votes or 25.76% of votes cast, according to the Michigan Secretary of State’s website. Ilitch received 2,472,806 votes, or 24.95%.
Democrat Shauna Ryder Diggs and Republican Sevag Vartanian finished third and fourth, respectively, with Diggs getting 2,330,275 votes, or 23.52%, and Vartanian getting 2,239,397 votes, or 22.60%.
Meanwhile, Kimberly A. Thomas, clinical professor of law at the Law School and director of the Juvenile Justice Clinic, won her bid for an eight-year term on the Michigan Supreme Court. Thomas received 2,572,928 votes, or 61.36%.
Meyers will succeed Regent Ron Weiser, whose term is ending. This will be Ilitch’s third term on the board. Both will begin their terms Jan. 1, 2025.
Meyers of Dearborn is a senior vice president of investments for Raymond James in Plymouth, Michigan, and a 1979 graduate of the UM-Dearborn, receiving his B.S.A. degree. He ran for the board unsuccessfully in 2004, 2016 and 2020.
Ilitch of Bingham Farms was elected to the Board of Regents in 2008 and reelected in 2016. She is an owner of Ilitch Family Companies and president of Ilitch Enterprises. She received her Bachelor of Arts degree from U-M in 1977 and has a Juris Doctor degree from the University of Detroit.
U-M’s eight regents serve overlapping terms, with two seats up for election every two years.
Other candidates for the Board of Regents and their unofficial vote totals were:
The University of Michigan has announced its most ambitious and innovative fundraising campaign to date, with a goal of raising $7 billion — the largest effort in its history and the largest known campaign goal of any public university.
Titled Look to Michigan, the campaign supports the Vision 2034 and Campus 2050 plans, announced earlier this year, to live out its mission of serving the public good by making an impact in four areas where Michigan is uniquely positioned to impact global challenges:
The university also is pursuing advances in core commitments and key university priorities:
“We know that the world is calling on us to answer the most urgent questions of our time — to be the defining public institution that inspires all that is possible,” President Santa J. Ono said.
“The deeply collaborative, universitywide priorities of Vision 2034 have been years in the making and set the stage for Michigan to be that institution. And the Look to Michigan campaign will bring this ambitious vision to life.”
The seventh such campaign undertaken by U-M, Look to Michigan also will raise funds to support the student experience, innovation and research, community engagement and partnerships, and building state-of-the-art facilities across the Ann Arbor, Dearborn and Flint campuses, as well as Athletics and Michigan Medicine.
“Our leaders have charted a bold new vision for U-M that leverages our expertise across fields and excellence at scale, one that exemplifies our innovative strength and service to the common good,” said Tom Baird, vice president for development.
“All of which is made possible with the philanthropic support of our generous donors, who have helped sustain our great university for more than 200 years and will continue to help propel us forward in this exciting new chapter.”
The priorities of the Look to Michigan campaign were developed through a series of conversations among academic leaders, working groups from across the university, and philanthropic partners to take an innovative approach that empowers U-M and its donors to leverage the university’s excellence at scale, academic excellence and network of alumni and supporters to make the greatest impact possible on the world’s most pressing challenges.
The university has already received gifts totaling $3.3 billion during the silent phase of the campaign, before the public launch.
U-M’s most recent campaign — Victors for Michigan — ran from 2013-18 and raised $5.3 billion.
As a public, nonprofit institution, U-M relies on philanthropic gifts to deliver world-class education and research that would not be attainable relying solely on government funding and tuition. These gifts allow U-M to attract qualified students from all backgrounds, recruit outstanding faculty, fund innovative research, improve teaching methods, add creative programming, and build and maintain facilities.
The University of Michigan is the No. 22 university in the world and the No. 14 university in the United States, according to the latest Times Higher Education World University Rankings.
The list released Oct. 9 includes 2,092 universities across 115 countries and territories.
U-M remains one of only four public institutions in the United States to make the top 25. The others were the University of California, Berkeley (No. 8), the University of California, Los Angeles (No. 18) and the University of Washington (No. 25).
U-M was No. 23 in the world and No. 14 in the U.S. in 2023.
According to Times Higher Education, the 2025 World University Rankings were compiled using an updated methodology that included 18 carefully calibrated performance indicators.
The indicators measure an institution’s performance across five areas:
The University of Michigan’s Campus Plan 2050 outlines significant changes to the Ann Arbor campus, featuring an innovation district, an on-campus hotel and conference center, an automated transit system, and renovations and updates to existing facilities.
The plan was released Sept. 30 and is available for public viewing.
“The university’s Campus Plan 2050 reflects our dedication to not only meeting today’s challenges, but also investing wisely in the necessities and opportunities of tomorrow,” said President Santa J. Ono.
“By aligning with Vision 2034, it positions the University of Michigan to achieve its vision of connecting and collaborating more deeply, of impacting the greatest challenges facing humanity and becoming the defining public university.”
Campus Plan 2050 and Vision 2034 — the university’s recently launched strategic vision — create a unique moment in the history of the University of Michigan. Both are first of their kind at U-M in terms of scope and how they work in tandem.
“This plan is designed to provide the university with the infrastructure it will need to achieve Vision 2034,” said Geoff Chatas, executive vice president and chief financial officer.
“By strategically aligning our financial resources with our priorities and mission, we have created an inspiring guide for the physical campus that will create dynamic opportunities for research and education in the years to come. We are excited to get started.”
At the core of Campus Plan 2050 is a commitment to sustainability. The initiative proposes innovative infrastructure solutions, including geo-exchange systems designed for efficient heating and cooling through ground-source heat pumps, as well as extensive building retrofits that enhance energy efficiency and sustainability, and efficiency upgrades to the transit system.
Developed through a yearlong process of campus engagement, Campus Plan 2050 reflects the diverse ideas and aspirations of the university community. The plan emphasizes a forward-thinking approach, identifying both near-term projects and potential sites for future expansion.
Highlights include:
A new, dynamic, mixed-use district on North Campus would bring together academic units, startups, and industry and government partnerships in a vibrant ecosystem that could spur interdisciplinary collaboration, cutting-edge research and the translation of research applications.
This initiative also includes extensive upgrades to existing academic facilities, integrating them with state-of-the-art technology and sustainable infrastructure to meet modern standards of excellence.
By evolving U-M’s spaces to meet the diverse needs of its community, Campus Plan 2050 ensures that U-M remains a global leader in life-changing education and groundbreaking research.
The plan would integrate geo-exchange heating and cooling systems with ground-source heat pumps throughout the campus, in alignment with universitywide efforts to achieve carbon neutrality by 2040.
Additionally, the plan includes on-campus solar installations throughout the university, and incorporates ongoing efforts to install approximately 20 megawatts of solar-energy capacity on the Ann Arbor campus.
A new on-campus hotel and conference center is envisioned as a venue for major national research and academic events, enhancing U-M’s role as a hub for knowledge-sharing and collaboration.
Located on near the North Campus Innovation District, it would add to the vibrancy of the mixed-use area.
This transportation concept features an automated transit system on an elevated guideway that would connect the North, Medical and Central campuses.
Together with a high-efficiency, high-capacity bus rapid transit system, the network would connect all five Ann Arbor campuses, including East Medical and the Stephen M. Ross Athletic Campus. These changes would reduce congestion and support the university’s carbon neutrality goals.
Among potential changes at the Ross Athletic Campus is a pedestrian bridge that would bring fans across the railroad tracks from Ferry Field to Michigan Stadium. This pathway would lead to a new dedicated TV fan zone and lawn east of the stadium.
Ongoing efforts to expand on-campus housing include the Central Campus Residential Development currently under construction, with plans for further phases to accommodate the growing student body. Other housing options are possible as well.
Campus Plan 2050 is designed to evolve, providing a flexible framework to incorporate new ideas and technologies as they emerge. While it offers a coordinated planning view of the next 25 years, each individual project will undergo thorough evaluation to ensure alignment with the university’s strategic priorities.
The initiative aligns closely with Vision 2034, the university’s 10-year plan focused on transformative impact in key areas: Life-Changing Education, Human Health and Well-Being, Democracy, Civic and Global Engagement, and Climate Action, Sustainability, and Environmental Justice.
“As we look to the future, Campus Plan 2050 carefully considers new opportunities to enhance our academic environment,” said Laurie McCauley, provost and executive vice president for academic affairs. “This plan will fortify our commitment to life-changing education and interdisciplinary collaboration, helping us remain at the forefront of academic excellence and social impact.”
Ono launched Vision 2034 and Campus Plan 2050 soon after his arrival in October 2022. The initiatives were led by U-M’s executive vice presidents, Marschall Runge, McCauley and Chatas.
“Campus Plan 2050 paves the way for remarkable advancements in our medical enterprise, fostering cutting-edge research and clinical excellence,” said Runge, executive vice president for medical affairs, dean of the Medical School and chief executive officer of Michigan Medicine.
“By enhancing our facilities and integrating innovative transit solutions, this plan supports our mission to improve human health and wellbeing on a global scale.”
The University of Michigan continues to be the largest and most sought-after public research institution in the state, with record total enrollment this fall of 52,855 students.
Total enrollment increased 1.5% from 2023, with undergraduate enrollment up 2%, from 33,730 undergraduate students last year to 34,454 students this year. The incoming class decreased slightly to 8,858 students, from 8,880 in 2023, and includes a 2% increase in the number of students from within the state of Michigan.
“U-M is recognized around the world for the exceptional educational value provided on campus, and our fall 2024 enrollment record continues to demonstrate that,” said Adele C. Brumfield, vice provost for enrollment management. “Students from diverse backgrounds and experiences find a vibrant campus community at U-M in which they can learn and grow.”
Ph.D.-student enrollment rose 1.5% this fall to 5,825 from 5,742 last year. The university saw a small decline in the number of incoming Ph.D. students this fall, following a 32% increase the previous year. Overall graduate and professional school enrollment increased slightly to 18,401 this year, from 18,335 in 2023.
“Our continuing strong enrollment trends for graduate education at the university represent evidence that students perceive the value of these degrees,” said Mike Solomon, vice provost for academic affairs – graduate studies and dean of Rackham Graduate School. “The breadth of graduate and professional training at Michigan provides a tremendous range of opportunity for our graduates to contribute to society through rewarding careers.”
Interest in the university from undergraduate first-year and transfer students continues to grow annually with a record 105,142 applicants. First-year applicants totaled 98,310, up 12% from 87,632 in 2023 and up 51% from 2020. This increase mirrors that for transfer students, with applicants totaling 6,832 this year, which is also up 12% from last year and 51% from 2020.
Erica Sanders, assistant vice provost of enrollment management and executive director of undergraduate admissions, said students and families recognize that U-M is a place where students will learn and grow to pursue their passions.
“Throughout the recruitment process, we strive to encourage students from all backgrounds, throughout Michigan and around the globe, to consider what an education from the university will mean to their future,” Sanders said. “Our efforts include providing opportunities for students through in-person and virtual experiences to interact with students, faculty, staff and alumni, so they can truly picture themselves as a Michigan student.”
Camryn Pederson, a first-year engineering student from Garden, a small town in Michigan’s Upper Peninsula, said she fell in love with U-M during a campus tour in her junior year of high school. “After that tour, I knew the University of Michigan was where I wanted to go to school,” she said.
Her tour experience, coupled with the fact that U-M has “amazing academics, is in a great area, has outstanding campus resources and daily events, and is only six hours away from home,” ultimately made Pederson thrilled to be on campus this fall.
The 8,858 students in U-M’s incoming class include 52% from the state of Michigan, as well as students from all 50 U.S. states, the District of Columbia, five territories and 62 countries.
The class continues to help diversify the campus community, with 43% identifying as students of color. That includes those who are Asian, Black or African American, Hispanic or Latino/a, American Indian or Alaska native, native Hawaiian or Pacific Islander, multiethnic and those who indicated two or more races or ethnicities.
The incoming class also saw a 13% increase in the number of Black or African American students — from 475 in 2023 to 537 this year — and an 87% increase since 2020. While the number of Hispanic or Latino/a students decreased 1% from 1,196 in 2023 to 1,181 this fall, there has been a 134% increase since 2020.
“Since the passage of Proposal 2 in 2006 restricting the use of race- and gender-conscious approaches in admissions, U-M has steadfastly been working within a race-neutral framework to attract, recruit and enroll talented students from all backgrounds,” Brumfield said. “We are proud of the strides that we have made, however there is still more work to be done.”
The university continues to prioritize the importance of being accessible and affordable to students through its commitment to financial aid.
U-M annually distributes more than $1.37 billion in institutional, federal and state aid, and is committed to meeting full demonstrated need for in-state students. This fall, preliminary data shows that more than $497.5 million in financial aid — including federal, state, institutional and private funds — was disbursed to more than 30,700 undergraduate and graduate students. Additional aid will be disbursed to students throughout the year.
“When Free Application for Federal Student Aid delays threatened the timeline for sharing financial aid packages with admitted undergraduate students, we pivoted to using CSS Profile data to develop packages, recognizing how important this information is to students as they evaluate their college options,” said Tammie L. Durham Luis, assistant vice provost of enrollment management and executive director of financial aid.
“The university commits generous resources to our students so they can be successful throughout their time on campus and after they graduate.”
The Go Blue Guarantee, U-M’s signature campaign to support in-state students from low- and moderate-income backgrounds, annually supports more than 4,200 undergraduate students. Last year, it was expanded to include students from families with assets and incomes of $75,000 or less.
The university is also focusing on reducing student loan debt, which has decreased on average more than $11,600 per borrower for in-state students and $8,800 per borrower for out-of-state students over the last 10 years, when adjusted for inflation.
U-M’s final enrollment data is based on data from the Sept. 16 fall census date.
The University of Michigan continues to invest in infrastructure and building construction and remodeling across campus and beyond. Here is a look at major projects underway as U-M starts the 2024-25 academic year.
More information can be found at umaec.umich.edu/projects/major-projects/.
The U.S. News & World Report has finalized its 2024 Graduate School rankings for medicine, law and engineering following an earlier release of the 2024 rankings.
The College of Engineering was ranked No. 9 on the list of best engineering graduate schools.
Some other potentially noteworthy College of Engineering rankings in the top 5 were:
Like many other peers, U-M’s law and medical schools did not participate in the U.S. News data collection for the 2024 or upcoming 2025 editions.
For the 2024 edition, more than 50 of the nearly 200 institutions did not participate in the statistical survey for law school rankings, although all schools were still ranked, with U-M’s Law School ranked No. 9. Ninety-two of the 196 institutions, including the U-M Medical School, did not participate in the statistical survey for medical school rankings and were therefore unranked.
The April 9 release of the graduate program rankings did not include engineering, medicine, law or clinical psychology programs, with the publication stating it was delaying the release of that information so it could “appropriately address queries from participating graduate schools.” The clinical psychology rankings are now expected next year.
Here’s a snapshot of U-M’s rankings that are part of this year’s announcement:
University of Michigan Health’s Ann Arbor-area hospitals and health centers rank among the nation’s best hospitals in more specialties than any other Michigan hospital, according to U.S. News & World Report’s Best Hospitals Rankings for 2024-25.
U-M Health in Ann Arbor was recognized as a top organization among the more than 4,500 hospitals evaluated and as No. 1 in Michigan, tied with Corewell Health William Beaumont University Hospital in Royal Oak.
U-M Health is the clinical division of Michigan Medicine, U-M’s academic medical center. The overall U-M Health system includes the Ann Arbor-area hospitals and health centers as well as two other groups, UM Health-Sparrow and UM Health-West.
“It’s an honor to be recognized among the best in the country for innovation and exceptional patient care,” said David Miller, president of the U-M Health System and executive vice dean for clinical affairs for the Medical School.
“We are fortunate to have top providers in so many fields and thank them for their hard work. We appreciate the recognition from U.S. News & World Report, but we work for our patients, not for the accolades. We are so proud of the care our teams deliver.”
U.S. News ranked nine U-M Health specialties as top in the state, and three more in the top 10 nationwide.
“These results reflect a commitment to providing the best care for every patient,” said Marschall S. Runge, dean of the Medical School, CEO of Michigan Medicine and executive vice president of medical affairs.
“Our teams are among the very best in their fields and are dedicated to providing the high-quality care our patients expect and deserve.”
U-M Health is ranked No. 8 in the country for ophthalmology; No. 8 for ear, nose & throat; and No. 10 for rheumatology.
U.S. News & World Report also evaluates performance regarding a number of specific procedures and conditions. They rated U-M Health in Ann Arbor “high performing” in 18 procedures and conditions, UM Health-Sparrow as “high performing” in four, and UM Health-West as “high performing” in three.
University of Michigan Health’s Ann Arbor-area hospitals and health centers have received the top ranking of five stars from the Centers for Medicare and Medicaid Services for quality, safety, timeliness and value.
This is the sixth consecutive time that U-M Health patient care has earned this highest-possible rating from the federal agency. The newly released ratings show that only 380 other hospitals nationwide achieved this distinction, out of 2,847 that were eligible.
The CMS rating uses 46 different types of data about the quality, safety, timeliness and value of care for adults, and ratings from patients themselves, based on surveys sent to them after they received care.
U-M Health is the clinical division of Michigan Medicine, U-M’s academic medical center. The new five-star rating applies to the hospitals and health centers on Michigan Medicine’s main medical campus, along with ambulatory care locations in southeastern Michigan.
In addition, three hospitals in U-M Health’s statewide network earned separate five-star rankings. Only 14 of the 149 hospitals in Michigan received a five-star rating.
“Thanks to the hard work, skill, caring, teamwork and ingenuity of our entire team, we have once again earned a spot at the pinnacle of these national ratings,” said Marschall S. Runge, dean of the Medical School, CEO of Michigan Medicine and executive vice president of medical affairs.
Thousands of patients voiced their favorable opinions of U-M care in the surveys used for the new rating.
Compared with other hospitals nationally or in Michigan, patients treated at U-M Health’s Ann Arbor-area facilities were far more likely to rate the location where they received care a 9 or 10 on a scale of 1 to 10, and to say they would recommend U-M Health to others.
Those same facilities also beat national and state averages on multiple measures of care, including death rates for heart failure and pneumonia patients, rates of potentially deadly health care-related infections, avoiding several types of unnecessary medical imaging, and more.
“While we are always committed to continuous improvement, achieving a five-star ranking so many times in a row shows our dedication to achieving ever-better results for our patients,” said David Miller, president of U-M Health and executive vice dean for clinical affairs at the Medical School.
Miller also noted that CMS recognized the value for the dollar of U-M care. The rating site shows that the cost of care for people with Medicare coverage who came to U-M Health’s Ann Arbor-area facilities was lower than the national index, as measured in “episodes” that include all costs from the start to the end of a hospital stay.
Three of the other hospitals in Michigan that received five stars are part of U-M Health-Sparrow, which is part of U-M Health’s statewide network. They are Sparrow Carson, Sparrow Clinton and Sparrow Ionia hospitals.
In addition to the health care facilities that are part of U-M Health, U-M physicians lead a large proportion of inpatient care at two of the others that received five stars: the VA Ann Arbor Healthcare System, and U-M Health affiliate Chelsea Hospital, which operates through a partnership with Trinity Health.
UM Health-West, also part of U-M Health’s statewide network, received four stars.
The new ratings are based on data through 2022. Each hospital or health system with a CMS facility number is eligible to be rated separately. All of the U-M Health hospitals and health centers on the main medical campus, along with ambulatory care sites around southeastern Michigan, operate under one CMS facility number.
The Michigan Legislature passed a 2024-25 general fund and education omnibus budget June 27, allocating a modest increase for the University of Michigan Ann Arbor campus’ operations and significant investments in the university’s economic development and innovation efforts, as well as firearm injury prevention and safety.
The spending plan now goes to Gov. Gretchen Whitmer and could be signed later this summer.
The FY ’25 budget totals $82.5 billion, including a general fund total of $15 billion and a school aid budget total of $19 billion. The $23.4 billion higher education budget includes a 1.5% ongoing and a 1% one-time increase for university and community college operations.
“This budget reflects a continued advance in higher education funding,” said Chris Kolb, vice president for government relations. “An increase in our core funding, coupled with additional targeted investments, help to bolster the University of Michigan’s efforts in key areas such as firearm injury prevention and economic development. Increased investment in financial aid also makes a U-M degree more accessible to more of our state’s students.
“These funds enhance our research capabilities and will drive innovation and economic growth across our state. We look forward to continuing our partnership with state leaders to provide greater opportunity for our students, advance scientific research and create a more prosperous and safer future for all Michiganders.”
Under the spending plan, the Ann Arbor campus will receive a total appropriation of $365.6 million, a 2.6% increase from last year. UM-Dearborn will receive $32 million or 2.6% increase. UM-Flint will receive $26.9 million or a 2.1% increase.
The full appropriations are contingent on in-state undergraduate tuition increases of no more than 4.5% or $703, whichever is greater. Tuition increases for 2024-25 on all three campuses are below that level.
The Michigan Legislature also agreed to allocate an additional $30 million to increase funding for the Michigan Achievement Scholarship, the state’s flagship scholarship program, providing a pathway to community college, tuition guaranteed.
Changes to the MAS are significant for public universities, as students will now be able to apply the scholarship to the full cost of attendance, not just tuition and fees.
U-M will likely see a 42% increase in MAS awards, rising from $5.8 million to $8.3 million per cohort, culminating in $16.6 million in total awards across two eligible cohorts of students.
The increase would bring total funding for the scholarship program to $300 million for the 2023-24 fiscal year.
Furthering the state’s efforts to enact common sense gun-violence-prevention laws and to quell gun violence, $5.5 million is allocated in the Michigan Department of Health and Human Services budget to U-M’s Institute for Firearm Injury Prevention.
Since its inception, the institute has served as a resource for the state — sharing information and resources on new laws, providing training and technical assistance on effective policy implementation and conducting evaluations to ensure the state’s laws are having the intended effect of reducing firearm injury and death in Michigan.
The funds for IFIP will support community program training and technical assistance efforts, data collection about fatal and non-fatal firearm injuries in the state, as well as the infrastructure support of the state’s new safe gun storage laws and Red Flag laws — which allow law enforcement and loved ones to petition a court to temporarily prevent someone from accessing guns if they are at an elevated risk of harming themselves or others.
“Firearm violence is a critical public health issue as demonstrated by the recent surgeon general’s report and Gov. Whitmer’s newly announced state task force to address the ongoing crisis,” said Patrick Carter, IFIP co-director.
“As an academic community, we have a responsibility to use our expertise to help address society’s most pressing challenges, and we are only able to carry out such efforts through the support of our partners, like the state of Michigan. We are grateful for this funding as it will help our teams to better support the implementation of evidence-based solutions across Michigan, ultimately preventing injury and saving lives.”
To support Michigan-based start-ups and innovation, the spending plan allotted $60 million to the Michigan Innovation Fund, which will provide incentives to nonprofit organizations that manage evergreen venture funds investing in early-stage startup companies operating in the state that are commercializing competitive edge technologies.
As part of the Michigan Innovation Fund, an allocation of approximately $10 million is expected to go toward the Accelerate Blue Fund, which invests in startups that have a license to commercialize U-M technologies and is managed by Innovation Partnerships.
“By investing in Michigan-grown companies, we look forward to seeing positive economic impacts as these startups complete key business milestones and accelerate their growth,” said Kelly Sexton, U-M associate vice president for research – innovation partnerships and economic impact.
Survival Flight, Michigan Medicine’s critical care transport program that provides rapid and safe transport of critically ill and injured patients, was also allocated $5 million.
Michigan Medicine is projecting positive 2024 fiscal year-end results for its clinical operations, with an anticipated 2.9% — or $226.5 million — operating margin on forecasted operating revenues of $7.9 billion.
The results reflect performance from University of Michigan Health, the organization’s clinical branch that includes 11 hospitals, hundreds of clinics statewide, and the U-M Medical Group, UM Health-West and UM Health-Sparrow.
David C. Miller, president of U-M Health and executive vice dean for clinical affairs at the Medical School, presented the projected results for the fiscal year that ends June 30, along with the FY ’25 plan, to the Board of Regents on June 20.
“In fiscal year 2024, we maintained our focus on our BASE priorities — Belonging & Inclusion, Access, Safety & Quality, and Experience for our patients and team members — while also building the foundations for a statewide network that supports integrated, cost effective and high-quality health care services for the patients and communities we serve across Michigan,” Miller said.
The FY ’24 financial performance allows for continual investments in faculty and staff, and capital improvements including the construction of a new hospital — The D. Dan and Betty Kahn Health Care Pavilion — that is scheduled to open in fall 2025, a new Ypsilanti Health Center set to open later this year, and an innovative program providing patients with hospital level care at home.
Marschall S. Runge, CEO of Michigan Medicine, dean of the Medical School and executive vice president for medical affairs, expressed gratitude to Michigan Medicine employees who made the solid financial performance possible.
“The work of our collective teams allows us to provide life-changing, patient-centered care every day. We are grateful for their dedication,” Runge said. “The skills, expertise and commitment of our employees will allow us to manage nearly 90,000 discharges and more than 4 million outpatient encounters in FY ’25 at over 200 care locations.”
Regents also approved a budget that sets financial performance targets for Michigan Medicine’s clinical operations for the fiscal year that begins July 1. The FY ’25 plan aims for a 1.7% operating margin.
U-M Health will “strengthen its clinical enterprise for both today and tomorrow by continuing to invest in our teams, improving access and experience at our academic medical center, promoting and supporting continued innovation, and advancing clinical integration across our statewide network, with an emphasis on providing the right care in the right place at the right time,” Miller said.
“As we grow, maintaining the highest quality of care across UM Health will always be our top priority.”
The University of Michigan will invest in key priorities identified in its Vision 2034 strategic vision while continuing to make a U-M education affordable for students, under the 2024-25 fiscal year budget that the Board of Regents approved June 20.
U-M’s new general fund budget of $2.9 billion for the Ann Arbor campus will support the four Vision 2034 impact areas: life-changing education; health and well-being; democracy, civic and global engagement; and climate action, sustainability and environmental justice.
While the budget includes tuition and fee increases, it also provides more than $390 million in financial support to maintain an effective zero increase in tuition costs for the typical in-state undergraduate student with need.
“We are at an inflection point for our campus and for higher education. With the launch of Vision 2034, we are building on our 200-year legacy of leadership and impact, and advancing what makes us the University of Michigan,” Provost Laurie McCauley said in her presentations to the regents.
“The fiscal year ’25 budget takes bold steps toward our vision while maintaining fiscal discipline, responsible stewardship of our resources, and our commitments to excellence, access and affordability.”
The budget for the Ann Arbor campus is part of a universitywide budget package that includes spending plans for Michigan Medicine, UM-Dearborn, UM-Flint, Athletics, Michigan Housing and supplemental student fees.
Regents approved the budget measure on a 7-1 vote, with Regents Jordan Acker, Michael Behm, Paul Brown, Sarah Hubbard, Denise Ilitch, Ronald Weiser and Katherine White voting to approve, and Regent Mark Bernstein opposed. All budgets take effect July 1.
Bernstein said his opposition stemmed from “my belief that our university has failed the vast majority of our Jewish students in addressing antisemitism on our campus.”
“Talk is cheap. We need to do better. And until then, the buck, at least for me, stops here,” he said.
Acker voiced similar misgivings, but voted in favor. “I am voting for this budget because to do otherwise would be to not give Michigan students the Go Blue Guarantee; the ability of middle class Michiganders to go to school tuition free. I’m voting for this budget because our campuses at Flint and Dearborn deserve the chance to educate their students in those communities,” he said.
During the discussion, Bernstein, Acker and President Santa J. Ono elaborated on their thoughts about recent campus tensions arising over the Israel-Hamas war. (See related story.)
Addressing the budget, White noted she was “very impressed” with the university’s previous cost-containment strategies, and the more than $31 million in cost-containment efforts in this budget. “These efforts ensure that we can operate efficiently, keeping tuition as low as possible,” she said.
Behm noted that 63% of undergraduates receive financial aid, and 31% of U-M’s resident undergraduates pay no tuition. “Of those 63% of our resident undergrads who receive aid, it’s really important to understand that they will not pay any increase in tuition. And that’s one of the things I’m most proud of in this budget,” he said.
Regent Paul Brown said, “This is a great budget, and I will vote for it because it is so, and because we have gotten assurances from the administration that they will do better on those issues cited … by my colleague, Regent Bernstein.”
The in-state “sticker price” tuition for undergraduates in Ann Arbor, along with fees, will increase by $508 per year — 2.9% — for an annual rate of $17,736. Tuition and fees for nonresident undergraduate students will increase by $2,874 per year — 4.9% — for an annual rate of $60,946.
The University Health Service fee will increase by 3.9%. This fee is a required component of tuition and supports increasing staff and operational costs.
Tuition and fees are based on full-time enrollment, defined as 12-18 credit hours per term for undergraduate students.
Most graduate programs will see a 4.9% increase in tuition and fees.
Housing rates will increase by 6% — $831 per year— for an annual rate of $14,687 as part of a 10-year plan to enhance the student experience, address maintenance needs and increase capacity and availability of housing.
“Our ambitious vision for the university includes ensuring that our world-class education remains accessible for all Michigan families, regardless of financial means,” McCauley said.
“The average cost for a family with an income of $120,000 or less is lower than it was a decade ago, after adjusting for inflation.”
When it comes to affordability, U-M first-year students receive the second-highest average institutional grant and scholarship amount among Association of American Universities public institutions, according to data reported to the U.S. Department of Education.
Among undergraduates from Michigan, 63% receive financial aid. One in three students — more than 5,000 — will pay no tuition through efforts such as the Go Blue Guarantee, a national model for tuition-guarantee programs that provides free tuition for eligible in‐state undergraduate students with a family income up to $75,000 and family assets less than $75,000.
The FY ’25 budget estimates a 2.5% increase in state funding — which makes up 13% of U-M’s general fund budget — and helps the university to meet its mandatory and inflationary cost increases. The university expects the state budget to be passed later this summer.
Since 2005, the university has reduced general fund costs by more than $550 million, an amount that is approximately 20% of U-M’s total general fund budget.
The new budget includes more than $31 million in cost-containment strategies, such as savings through procurement and travel policy changes, realigning information technology services departments, and other unit adjustments to operations.
The cost reduction allows the university to invest in key priorities like the Vision 2034 impact areas while limiting tuition increases, McCauley said.
Highlights of general fund investments to support Vision 2034 include initiatives such as the Learning, Equity, and Problem Solving for the Public Good program at the Marsal Family School of Education’s Marygrove campus, and the U-M Center for Innovation, both of which will further extend undergraduate and graduate programming to southeast Michigan.
U-M will maintain strategies for attracting and retaining faculty and staff with merit programs of approximately 3.5% and additional allocations to employee benefits.
Additional investments in wellness and mental health, recreational and adaptive sports, and public safety on campus will build on existing programs to assure health and well-being for U-M students, faculty and staff.
The new budget will create opportunities for learning, engagement and dialogue to foster a more equitable and civically engaged world through support for anti-bias-focused training and outreach, the recently launched Raoul Wallenberg Institute, the UMICH Votes Coalition, and expanded international partnerships. It also will accelerate U-M’s progress as a leader in sustainability through education, research and practice by advancing efforts to become a carbon-neutral university by 2040.
Other key initiatives include the Climate Futures Lab and the Detroit-based Sustainability Clinic, which will advance creative architectural and urban planning practices to promote climate action and resilience.
The University of Michigan has maintained its place as one of three public universities to make the top 15 U.S. institutions in the QS World University Rankings 2025 edition released June 4.
U-M ranked 44th overall among 1,503 universities across the globe, and 15th among 197 institutions in the United States. The University of California, Berkeley was sixth and the University of California, Los Angeles was 13th among U.S. institutions.
The rankings are based on nine factors:
Among those categories, U-M scored highest for its academic excellence followed by the richness and diversity of its international research partnerships and the employability of its graduates.
The University of Michigan is revisiting a Campus Connector transportation concept that would enable people to move between the Central, Medical and North campuses in minutes.
As an initial step, U-M will convene a virtual Industry Day on June 6, where prospective vendors will receive an overview of the project’s goals, scope and requirements.
The university expects to launch a corresponding request for qualifications this summer, inviting potential partners to submit information for the design, construction and long-term operation of the system.
“We’re embarking on a formal process to optimize our university transit network and create a more connected, more cohesive Ann Arbor campus,” said Geoff Chatas, executive vice president and chief financial officer.
“As our university community grows, so does the need for a more efficient transportation network. Though we’ve explored the Campus Connector previously, we’re excited to relaunch this initiative, collaborate with surrounding communities and examine ways to build a system that would be fast, convenient, environmentally sustainable and equitable.”
The Campus Connector concept would include a core automated transit system, which serves select hubs via an elevated guideway, as well as a corresponding high-efficiency, high-capacity bus rapid transit system.
Because the automated transit system would not share roadways or otherwise impede regular vehicular traffic, organizers expect the project to decrease local traffic congestion. It also is anticipated to decrease parking demand and increase local economic development opportunities, as it would connect relatively less dense North Campus stations to the Medical and Central campuses.
In addition to providing quicker and more convenient cross-campus transportation, the Connector would aim to complement universitywide work toward carbon neutrality and serve as a model for sustainable mobility.
Although the Connector would increase the university’s energy demand, it would decrease commuting-related greenhouse gas emissions. As U-M seeks to procure 100% of its purchased electricity from renewable sources, the transit system ultimately would derive its energy entirely from renewables.
Concurrently, U-M continues to acquire battery-powered electric buses as it works to electrify its vehicle fleet. Carbon neutrality, climate action and environmental justice are core values in multiple universitywide initiatives, including Vision 2034, Campus Plan 2050 and the Connector project.
U-M has been actively exploring the Campus Connector concept for several years in collaboration with the city of Ann Arbor and various local and regional stakeholders.
The project recently has moved forward alongside Campus Plan 2050, a long-term effort to explore how the Ann Arbor campus should be designed to support the university’s mission, and Vision 2034, which seeks to define what U-M wants to accomplish and how it will evolve over the next 10 years.
The university will share additional information regarding potential technologies, routes and funding sources for the Campus Connector as the project progresses.
The University of Michigan is moving ahead with plans to construct on-campus solar power installations with a capacity of 25 megawatts across the Ann Arbor, Dearborn and Flint campuses, including Michigan Medicine and Athletics.
The Board of Regents voted May 16 to hire Radial Power, a Houston-based distributed energy and sustainability solutions firm, to design and build the installations. The action follows a February 2023 call for proposals to build large-scale solar projects across all U-M campuses.
“On-campus solar is a tremendous opportunity for the university,” said Geoff Chatas, executive vice president and chief financial officer.
“We look forward to collaborating with Radial Power and our community partners to build innovative installations that will reduce our operational greenhouse gas emissions, spur sustainable business practices, and provide a powerful symbol of our commitment to climate action.”
The total amount of electricity generated would equal the power consumed by approximately 3,000 homes annually. U-M is pursuing installations totaling approximately 20 megawatts on the Ann Arbor campus and 5 megawatts between the Dearborn and Flint campuses.
Project locations have yet to be determined, although the university will prioritize large rooftops, existing parking decks and parking lots, and will consider ground-mounted arrays.
“These installations will visibly demonstrate our ongoing transition to renewable power and our commitment to ensuring meaningful community benefits, both on and off campus,” said Shana S. Weber, associate vice president for campus sustainability.
“This is one way the University of Michigan serves as a living and learning laboratory for our students, for higher education, for Michigan and for the broader region.”
Installations will be phased in over three years. Once operational, they will help move U-M toward its goal of eliminating direct campus greenhouse gas emissions by 2040.
Radial Power was chosen from 16 firms that responded to the university’s initial call for proposals. In addition to emissions-reduction benefits, Radial will prioritize opportunities to facilitate living-learning laboratory opportunities for the U-M campus community. The firm also will donate 10% of the effort’s proceeds to solar projects in surrounding communities, with relevant partners to be identified.
The contract is estimated to cost approximately $70 million, excluding potential expenses related to building modifications needed before installation.
U-M’s on-campus solar push is one strategy in its overarching commitment to achieve universitywide carbon neutrality by 2040. Carbon neutrality, climate action and environmental justice also are core components of ongoing central Vision 2034 and Campus Plan 2050 efforts.
Following a year of campus engagement to discuss ideas for the future of the Ann Arbor campus, and the conclusion of work on the Vision 2034 strategic vision, a high-level, preliminary draft preview of Campus Plan 2050 is now available.
Organizers will continue to develop the plan before its formal release in the fall.
The preview, which can be found on the Campus Plan 2050 website, consists of a series of framework and systems plans outlining greenspace, mobility enhancements and potential locations for future facilities, among other features.
“Campus Plan 2050 will help enable us to make Vision 2034 possible. It is exciting to be able to share some of the initial draft planning recommendations now, in advance of a more comprehensive report in early fall,” said Sue Gott, associate director for planning and communication and a key coordinator for the campus planning.
“We are fortunate to have had such tremendous input from the campus community to help formulate these ideas.”
While the campus plan addresses near-term development opportunities, it also outlines a long-term vision of possibilities for the Ann Arbor campus through a 25-year framework. Development zones and areas indicate various locations where a range of projects are possible. The university plans to determine specific projects for these zones as needs evolve.
Campus Plan 2050 highlights include:
To enhance U-M’s academic mission, an Innovation District would provide a mixed-use region on North Campus, with a focus on research for a diverse array of academic units, and space for interdisciplinary research, startups, industry and governmental partners, retail and other amenities.
New projects for updating and creating facilities also will be identified and explored as the needs of U-M schools and colleges change in the continued pursuit of life-changing education for U-M students.
Expanding the use of geo-exchange and solar power will help U-M meet its carbon neutrality goals. Geo-exchange uses the steady temperature of Earth’s subsurface to heat and cool buildings with ground-source heat pumps.
Three campus geo-exchange projects are underway and many more could be developed, along with a greater number of solar-power installations.
An on-campus hotel and conference center would provide a dedicated venue — potentially located on North Campus — where U-M could provide a space for academic convening and hosting major national conferences and other large events.
In anticipation of continued university growth, and building on continued efforts to improve campus connectivity, U-M is exploring a transportation concept that will feature a high-efficiency, high-capacity rapid transit bus system and an automated transit system on an elevated guideway.
The network would aim to ensure a more cohesive Ann Arbor campus, improve campus mobility, reduce congestion, and advance carbon neutrality and sustainability efforts. The university expects to share updates on process, technologies and timelines in the coming weeks.
The university will continue its effort to increase on-campus housing, including the Central Campus Housing Development currently under construction, with a potential second phase planned.
Campus Plan 2050 is a presidential initiative that is carefully designed to align with Vision 2034, U-M’s recently launched 10-year strategic vision that focuses on four impact areas: Life-Changing Education; Human Health and Well-Being; Democracy, Civic and Global Engagement; and Climate Action, Sustainability, and Environmental Justice.
The yearlong planning process for Campus Plan 2050 included active participation of U-M students, faculty, staff, alumni and other partners.
“The draft plan provides a framework for aligning our objectives for campus planning with the aspirations outlined in Vision 2034 and gives us a long-term roadmap for the future of the Ann Arbor campus,” said Christopher Culley, the other key coordinator for the campus planning effort and associate vice president for planning and strategic initiatives in the Office of the Executive Vice President and Chief Financial Officer.
“The draft presented today reflects a work in progress. Further development of the plan will be completed this summer, and a final plan will be presented to the campus community at the beginning of the fall semester. It will lay the foundation for many exciting changes in the years to come.”
With more than 105,000 applicants, the University of Michigan again set a record for application volume, with a growing number of prospective first-year and transfer students looking to enroll for the fall 2024 term.
The university continues to be a top choice for prospective first-year students, with more than 98,400 applying for the fall term, up 12% from the nearly 88,000 applications for fall 2023.
“Students and families from Michigan and around the world understand the profound impact and value of a University of Michigan education,” said Adele C. Brumfield, vice provost for enrollment management.
“Our exceptional faculty, cutting-edge facilities and technologies designed to enhance the educational experience, and vibrant campus environment are just a few of the numerous factors driving the increasing interest in our university from high-achieving students.”
Contributing to the overall application growth were increased applications from first-generation students (+14%), in-state (+3%), out-of-state domestic (+14%), students of color (+15%), international students (+12%) and students from self-reported low-income backgrounds (+17%).
The admissions office also saw nearly 6,675 transfer-student applicants, also up 12% from last year. Transfer applications increased in several categories, including out-of-state (+20%), first-generation (+10%), students from self-reported low-income backgrounds (+7%) and students of color (+23%).
The majority of admissions decisions for first-year and transfer students have been released. Students offered admission to U-M have until May 1 to accept.
“Our aim is to attract and develop a dynamic and diverse incoming undergraduate class by showcasing the rich array of academic and extracurricular opportunities at U-M and by highlighting the impact a U-M education can have on future achievements,” said Erica L. Sanders, assistant vice provost and executive director of undergraduate admissions.
During the rest of April, the admissions team will host events in collaboration with campus partners, on campus, throughout the state of Michigan, around the country and world. The programs serve to provide additional details to admitted students and families, answer questions and encourage the students to accept their U-M offer.
With the ongoing challenges and delays associated with the FAFSA Simplification Act, the university decided to use information available in the CSS Profile to provide estimated financial aid packages to incoming students, rather than wait until FAFSA data was available.
The CSS Profile is a supplemental financial aid application used by U-M and other colleges. Students who were admitted and submitted the CSS Profile received their estimated financial aid package within two weeks of receiving their admission decision, so they have a picture of the financial support available to them. Students will still need to submit a FAFSA to ensure they are receiving the federal financial aid for which they qualify.
“This has been a challenging year for families as they have navigated the changes related to the FAFSA Simplification Act. We continue to work with students and families to ensure that they are aware of the range of financial aid opportunities available to them as they navigate their academic choices,” said Tammie L. Durham Luis, assistant vice provost of enrollment management and executive director of financial aid.
More detailed enrollment numbers will be available after the official student count in the third week of classes in the fall.
The fall semester begins Aug. 26 on the Ann Arbor campus.
The University of Michigan remains one of the premier universities in the country for graduate education, according to the 2024-25 edition of U.S. News & World Report’s Best Graduate Schools.
The rankings were released April 9.
Every year, U.S. News ranks professional school programs in six areas: business, education, engineering, law, medicine and nursing. It also periodically ranks programs in the sciences, social sciences and humanities, health and other areas.
Here’s a snapshot of U-M’s rankings that are part of this year’s announcement:
The rankings do not include engineering or clinical psychology programs. U.S. News & World Report announced it was delaying the release of that information this year so it could “appropriately address queries from participating graduate schools.”
In addition, U-M’s law and medical schools no longer participate in the U.S. News & World Report graduate rankings.
According to U.S. News, the rankings for the six main discipline areas are based on expert opinions about program excellence and statistical indicators that measure the quality of a school’s faculty, research and students.
U-M officials said they are pleased that the university continues to be recognized as a leader in graduate education. They also noted that while U-M values the measurements of academic and research performance, rankings lists don’t consider all of the factors that contribute to the quality of an institution or program.
In addition to the overall program rankings, U-M received rankings in several specialty areas. Of those, two placed in the No. 1 spot: nuclear engineering and social policy.
The specialties at U-M that received rankings this year were:
Business (full-time MBA): accounting (4), management (2), marketing (3), production operations (3), international (9), finance (9), executive MBA (9), entrepreneurship (6) and supply chain (10).
For part-time MBA programs, the Stephen M. Ross School of Business ranked sixth, UM-Dearborn ranked 110 and UM-Flint ranked 143rd.
Computer science: artificial intelligence (11), programming language (16), systems (7) and theory (15).
Education: curriculum and instruction (3), educational administration (9), education policy (5), education psychology (2), elementary teacher education (3), higher education administration (2) and secondary teacher education (2).
Nursing: Master’s Nurse Practitioner – family (6), Master’s Nurse Practitioner – adult gerontology/primary care (8), midwifery (6), Master’s Nurse Practitioner – adult gerontology/acute care (7), Doctor of Nursing Practice – family (6), Doctor of Nursing Practice – adult gerontology/primary care (3).
Public affairs: environmental policy and management (5), health policy and management (2), public policy analysis (2) and social policy (1).
Public health: environmental health science (6), epidemiology (5), health policy and management (3), social behavior (6) and biostatistics (4).
In addition to the rankings noted above, UM-Flint ranked No. 126 in occupational therapy, No. 92 in physical therapy, and No. 61 in nursing anesthesia.
After a year of gathering input from the campus community, the University of Michigan has released its strategic vision for the next 10 years and has pledged to be the defining public university, “boldly exemplified by our innovation and service to the common good.”
Vision 2034 — detailed in an initial 43-page report — calls upon the university to leverage its interdisciplinarity and excellence at scale to educate learners, advance society and make groundbreaking discoveries to impact the greatest challenges facing humanity.
“Together, we have created a new vision that will open horizons and opportunities while drawing on our ethos, our tremendous strengths and our exceptional capabilities as a university,” President Santa J. Ono said in a video message announcing the vision.
The vision incorporates strategic planning efforts across the institution — including at UM-Dearborn, UM-Flint and Michigan Medicine — as well as other campuswide initiatives such as Culture Journey, DEI 2.0 and Campus Plan 2050.
The university will focus its efforts to make a significant impact in four key areas:
To support its vision, the university will make strategic investments in seven commitment areas:
The university will celebrate each of the four impact areas with a yearlong series of events. The 2024-25 academic year will be dedicated to democracy and civic engagement.
The university’s vision is guided by its values and mission and reflects the aspirations of the U-M community.
“Our vision is not a strategic plan, but rather a guide for where we will focus our efforts over the next 10 years,” Ono said. “It is a first in our history and builds on our 200-year legacy of leadership and impact.”
In January 2023, Ono announced the university would engage the U-M community in a strategic vision process led by U-M’s three executive vice presidents — Laurie McCauley, provost and executive vice president for academic affairs; Geoffrey Chatas, executive vice president and chief financial officer; and Marschall Runge, executive vice president for medical affairs, chief executive officer at Michigan Medicine and dean of the Medical School.
More than 25,000 students, faculty, staff, alumni, donors and local community members engaged in the yearlong vision planning effort.
Their input informed the impact and commitment areas including the set of guiding statements outlining aspirational goals for the university for each area.
The vision report points to current initiatives across the university as examples of the types of efforts that could be created or receive additional support.
Within the impact area of “life-changing education,” programs like Wolverine Pathways, which offers free college preparation to seventh- through 12th-grade students in Detroit, Southfield, Ypsilanti and Grand Rapids, and free online courses through the Center for Academic Innovation, which extends the reach of U-M courses to more than 11 million global learners, are helping to increase access to a U-M education.
For “human health and well-being,” the vision report noted the work of the Well-being Collective, a central hub for a systemwide approach to supporting student, faculty and staff well-being across campus and a national model for a health-promoting campus.
For “democracy, civic and global engagement,” the report singles out civic engagement efforts by UMich Votes — a non-partisan campus coalition whose mission is to improve the accessibility of voting — and Turn Up Turnout — a student organization with a presence on all three U-M campuses — which educate and encourage voting behaviors among students.
For “climate action, sustainability and environmental justice,” the report points to the Planet Blue Ambassador program that, with more than 9,000 students, faculty and staff, helps to advance sustainability through actions on and off campus and supports the university’s commitment to become carbon neutral by 2040.
In addition, several projects underway will create facilities to support the vision in the near term. They include:
In unveiling the vision, Ono has called upon the community to embrace the vision and the work ahead. “We’ve established our vision. Let’s make it a reality. So, let’s look to Michigan, and let’s dare to achieve our dreams,” Ono said.
The full Vision 2034 report is available on the Vision 2034 website.
The Board of Regents has approved the schematic design for the University of Michigan Center for Innovation in Detroit, a six-story building expected to open in spring 2027.
The lower floors of the building will contain public-facing programs while the upper floors will be dedicated mostly to graduate programs. The building broke ground in December and preliminary site work has been ongoing.
“The UMCI is a catalyst for positive change and, as such, presents itself along Grand River Avenue as a ‘Gateway for Innovation,'” said Hana Kassem, design principal for the architectural firm Kohn Pedersen Fox.
“It proudly bears the University of Michigan spirit focusing on progress and inclusivity which is embodied in its dynamic forward-leaning form and the portal that cuts through it, inviting access to all. Its transparent facade at street level engages the passerby, showcasing innovation, by putting making and research on display.”
The action at the regents’ March 28 meeting also authorized the university to proceed with construction, provided that bids are within the project’s $250 million budget.
The first two floors will house public programs, a cafe and shared office space for the U-M Detroit Center, Admissions Office, the School for Environment and Sustainability’s Sustainability Clinic and others, while levels three through six are planned for multidisciplinary graduate research.
Included within the building is shelled space that will provide flexibility and expansion opportunities in the future.
The project broke ground in December at the intersection of Grand River Avenue and West Columbia Street. Construction is scheduled to be completed in spring 2027.
The proposed 200,000-gross-square-foot building will be the first of three buildings to be constructed on the site. The other two buildings — an incubator space and a residential building — are to be constructed by a developer at a future date.
UMCI will be a world-class research, education and entrepreneurship center designed to advance innovation and talent-focused community development to propel city, region and statewide job creation and inclusive economic growth by stimulating economic development in Detroit.
Programming at the innovation center will offer a mixed-model approach that includes both master’s degree and workforce development programs that will focus on technology and innovation.
“UMCI will bring together the best of the University of Michigan to catalyze economic development in the city of Detroit,” said Provost Laurie McCauley. “It will house a robust portfolio of academic programs, including new interdisciplinary graduate degrees and certificate programs aligned to the skills of the future needed to attract startups as well as major employers to the region.
“UMCI will also host a multitude of community engagement activities for the residents of Detroit, ranging from K-12 programs like the Michigan Engineering Zone to the Detroit Neighborhood Entrepreneurs Project and many more.”
Last fall, the regents approved agreements related to land donation and purchases from Olympia Development, and a $100 million gift from donor Stephen M. Ross. The project also received a $100 million grant from the state of Michigan.
An additional $50 million will be raised from donors, said Geoffrey Chatas, executive vice president and chief financial officer.
The center, along with the P-20 Partnership at the School at Marygrove, the $40 million Rackham building renovation, the U-M Detroit Center, which opened in 2005 in Midtown, and hundreds of other projects U-M works on with community partners around the city, are examples of how the university has stepped up its community engagement in Detroit in recent years.
University of Michigan Health will purchase 7.28 acres of vacant land at the former Kmart headquarters in Troy, and plans to build a multi-specialty facility on the property to expand specialty clinical services and increase patient access to the Oakland County region.
The Board of Regents approved the purchase March 28.
U-M Health, Michigan Medicine’s clinical division, will buy the parcel at 3100 W. Big Beaver Road for $4.42 million from owner Forbes/Frankel Troy Ventures LLC.
“We are thrilled to announce our plans for a long-term presence and commitment to patients in Oakland County, in keeping with our efforts to create a statewide network of care that allows Michiganders the ability to receive our world-class care close to home,” said Marschall S. Runge, CEO of Michigan Medicine, dean of the Medical School, and executive vice president of medical affairs.
“We are planning development of a facility that focuses on advanced specialty and diagnostic services. This is a starting point for a broader and deeper U-M Health presence in southeast Michigan.”
“We believe this new investment will bring our U-M Health expertise to a whole new community of patients, providing easier access for metro Detroit residents to our nationally renowned clinical expertise and innovation,” said David Miller, president of U-M Health.
“We are excited to move into a prominent, easily accessible location in Troy, where we will continue to expand our presence. We expect this new facility will be a location for advanced and innovative clinical programs including multi-disciplinary cancer care.”
In alignment with Michigan Medicine’s commitment to sustainability, this building will follow university guidelines regarding Leadership in Energy and Environment Design to minimize negative environmental impacts.
This is among multiple U-M Health projects expected to increase patient access. Others include the 12-story D. Dan and Betty Kahn Health Care Pavilion, set to open in 2025 in Ann Arbor, and the Ypsilanti Health Center in downtown Ypsilanti, set to open in late 2024.
On its 10th Giving Blueday, the University of Michigan community rallied to give nearly $5.3 million to support students, research, medicine, the arts, athletics and more.
Gifts came from more than 11,500 donors across the U.S. and around the world, including alumni, students, faculty, staff, retirees and friends of the university, and were made to all three campuses and Michigan Medicine.
The university’s annual day of giving, which took place on March 13, was extended until noon the following day due to technical difficulties that may have prevented some donors from making a gift through the giving website.
Launched in 2014, Giving Blueday has received almost 100,000 donations totaling over $52 million in the last 10 years.
“The fact that we have been doing this for a decade now speaks volumes about the energy and passion of our community and its commitment to supporting all of the things that make Michigan the special place that it is. We’re grateful that people recognize the important work we are doing on our campuses and around the world,” said Tom Baird, vice president for development.
Nineteen different challenges were offered this year, such as the Cuteness Overload challenge and Raise the Bar challenge, providing supporters with opportunities to unlock additional funds for their causes. More than 140 student organizations raised funds on Giving Blueday as well, including the Engineering Global Leadership Honors Program, UM-Dearborn’s MASA, and UM-Flint’s Women’s Soccer.
The unit receiving the most gifts through the Giving Blueday website was LSA, while the student organization that received the most gifts was MRacing Formula SAE. Among student organizations and causes that won giving challenges throughout the day were Wolverine Pathways, Michigan Marching Band – Elbel Club, and Wolverine Support Network.
On Giving Blueday 2023, more than 11,200 donors gave more than $5.3 million to the university.
Enjoy these photos from the U-M football team’s national championship game Jan. 8, captured by the staff of Michigan Photography. Click each image for a larger version and more information.
The Board of Regents has approved agreements related to land donation and purchases, and a $100 million gift from top donor Stephen M. Ross to build the U-M Center for Innovation in Detroit.
At their Oct. 19 meeting on the UM-Flint campus, regents approved:
“UMCI is essential to our future, and that’s why I’m so excited about today’s decision by the Board of Regents,” President Santa J. Ono said.
“I’m also incredibly grateful to Gov. Gretchen Whitmer and the state of Michigan for its $100 million grant, to Stephen Ross for his generous gift and vision, to Detroit Mayor Mike Duggan, who has championed this project from the start, and to our many other supporters and friends and partners who are making this future possible.
“Our founding as a university traces back to Detroit in 1817, so it’s critical to me that we are more than the University _of _Michigan, we are also the university for Michigan.”
The university will break ground on the UMCI by the end of the year, at a date to be determined. Approval of the project also means a director can be hired to help shape the center’s offerings.
UMCI will be a world-class research, education and entrepreneurship center designed to advance innovation and talent-focused community development to propel city, regional and statewide job creation and inclusive economic growth by stimulating economic development in Detroit.
“The action we have just taken — approving the construction of the University of Michigan Center for Innovation in Detroit — elevates our commitment to Detroit and the state of Michigan to a new level,” Regent Mark Bernstein said.
“This center will advance innovation and talent-focused community development to propel job creation and inclusive economic growth by stimulating economic development in the city of Detroit.”
Board Chair Regent Sarah Hubbard said her primary question — “What’s in it for the University of Michigan?” — has been answered.
“I feel strongly that because this board has worked together to probe and approve the terms of this deal and delay it for a few months to make sure we are getting the absolute best deal that we can I am now going to be supportive and look forward to this amazing thing in Detroit and doing much to improve academic excellence there,” Hubbard said.
The center, along with the P-20 Partnership at the School at Marygrove, the $40 million Horace H. Rackham Educational Memorial building renovation, the U-M Detroit Center, which opened in 2005 in Midtown, and hundreds of other projects U-M works on with community partners around the city, are examples of how the university has stepped up its community engagement in the city in recent years.
“The University of Michigan is coming back home!” Detroit Mayor Mike Duggan declared. “Thank you to President Santa Ono and the U-M regents. With their action today, the University of Michigan will be a huge part of Detroit’s future with the new innovation center.
“This was made possible by the generous donation of Stephen Ross, the support of Gov. Whitmer and the state of Michigan, and the partnership of Chris Ilitch. Detroit’s future just got even brighter today because of all their efforts.”
The UMCI is expected to take three years to build at a cost of $250 million. It will be funded with the Ross gift plus $100 million from the state of Michigan. An additional $50 million will be raised from donors, said Geoffrey Chatas, U-M executive vice president and chief financial officer.
Chatas, Provost Laurie McCauley and Tom Baird, vice president for development, made the recommendation to regents.
“The center is also designed to advance innovation and talent-focused community development to enhance job creation in the region and propel economic growth in the great city of Detroit,” Chatas said. “We are grateful for the tremendous support given to this initiative by both the state of Michigan and Stephen Ross, and we are committed to ensuring these investments in Detroit and the university make a lasting impact.”
UMCI will be built to accommodate the academic and community programs including three distinct types of activity — graduate education, talent-based community development and community engagement — all in the service of economic development and job growth for Detroit.
McCauley said graduate programs would focus on technology, robotics, sustainability and computer science, with inaugural degrees in robotics and electrical engineering sponsored by the College of Engineering, urban technology from A. Alfred Taubman College of Architecture and Urban Planning, and sustainability and just transitions from the School for Environment and Sustainability.
“We look forward to deepening our connections with Detroit through service and education, and to continued partnership and engagement across the Detroit community as this exciting endeavor moves forward,” McCauley said.
The center will increase U-M’s ability to support academic and research activity in the city while sparking more engagement with the Detroit community from faculty and students, and will support ongoing university programs for Detroit high school students such as the Michigan Engineering Zone and ArcPrep.
In addition to the academic programs, the Center for Innovation also will provide non-credit-based talent development programs that will cover in-demand skill areas, such as programming, data science, entrepreneurship, sustainability and leadership.
“These efforts have already begun this year, including a series of successful youth camps and adult learning programs offered to Detroit residents in the form of the ‘Saturdays in the D’ program. We look forward to hosting these activities in the U-M Center for Innovation once constructed,” McCauley said.
Baird noted that, with this donation, Ross has given more than $460 million to U-M.
“Mr. Ross has deep family roots in Detroit, and he is incredibly committed to both the university and the Michigan community,” Baird said. “From its onset, he has been a stalwart supporter of this very exciting opportunity for U-M, Detroit and the state of Michigan.”
Regents also approved $20 million from the overall project budget to go for early bids to specialty contractors and for site preparation. Regents will be asked to approve the remaining construction contracts and schedule when the schematic design is presented for approval, Chatas said.
Chatas said UMCI would be the first of three buildings to go up on the 4-acre property owned by Olympia. The land not being used by UMCI would allow for two other buildings to be constructed by a developer at a future date.
Chatas said the early work would include design assistance on the exterior wall system along with mechanical, electrical and plumbing systems.
UMCI will benefit from being near the proposed $1.5 billion, 10-building, mixed-use development that Related Companies and Olympia Development have joined forces to develop in The District Detroit near the Fox Theatre and professional sports stadiums.
As UMCI proceeds, it also presents opportunities for the Rackham Memorial building, located in Detroit’s Midtown, Chatas said. It could offer a chance to collaborate with community partners in new ways.
“We are excited to continue the design, planning and programming process for Rackham Detroit, which is another example of U-M’s commitment to having a positive impact on the people of Detroit,” Chatas said.
Regents approved plans to renovate the Rackham building in December 2021 along with committing $40 million to see it through.
The University of Michigan’s endowment climbed $529 million to a market value of $17.9 billion during the last fiscal year, with distributions at a record $470 million.
The portfolio’s performance was among the highest for the 25 largest college and university endowments, Chief Investment Officer Erik Lundberg said.
The university’s long-term investment portfolio has a 20-year annualized return of 9.9%. That performance is in the top quartile for endowments at higher education institutions and compares to the median 20-year annualized return of 7.6% among such institutions.
The 5.2% return during FY ’23, which ended June 30, comes two years after university endowments across the country experienced explosive growth, with gains at U-M topping 40%. The university’s long-term investment portfolio grew 2.2% in FY ’22.
The FY ’23 growth comes as the university continues to ramp up its investments in energy transition strategies, which includes $590 million in investments over the last three years.
“These investments continue to be a major contributor to the positive investment performance,” said Lundberg, who will share a detailed endowment presentation at the Board of Regents meeting Dec. 7.
“U-M has become an established leader in energy transition investments in higher education and is well on its way to transition the investment portfolio to net zero much sooner than the 2050 goal.”
U-M officials estimate the university could offset 25% of the endowment’s carbon footprint by the end of the current fiscal year and 50% by the end of FY ’25 from already identified investments, although methods for measuring the offset are still in development.
The endowment is a collection of more than 12,600 separate endowment funds, which provide support that is restricted in most cases for specific purposes, such as educational programs, research and professorships.
Endowment distributions of $470 million for FY ’23 supported a variety of university functions, from student scholarships to clinical care. The annual distributions — funds available for university units to spend — have increased each year since 2000 and totaled about $6.3 billion over that period.
On a per-student basis, U-M’s endowment is ranked 79th among all U.S. universities, according to a recent report from the National Association of College and University Business Officers. Unlike several private peer institutions that have similarly sized or larger endowments, U-M supports a much larger student body and campus community.
“Our healthy investment returns contribute hundreds of millions of dollars annually to support the university’s critical mission as a public research institution and health care provider,” said Geoffrey Chatas, executive vice president and chief financial officer.
“Our students, our patients, our employees and the taxpayers of Michigan reap the benefits of the continued strong performance.”
The University of Michigan reported a record $1.86 billion in research volume during fiscal year 2023, which led to critical advancements in diverse areas ranging from artificial intelligence and global infectious disease to microelectronics and social justice.
Total research expenditures, which increased by 8.1% when compared with FY ’22, are an important metric used by peer institutions to measure research and creative practice activity. For more than a decade, U-M has ranked among the nation’s leading public universities in terms of research volume.
“We are, first and foremost, a public research university, and so we have a unique responsibility to apply our experience and expertise to find solutions to the toughest challenges facing communities across Michigan and beyond,” said Rebecca Cunningham, vice president for research and innovation.
“Our university community has exhibited tremendous resiliency time and time again, and their commitment to consistently push the boundaries of research and creative practice, while embracing rapid transformation, will allow us to collectively solve the problems of tomorrow.”
The federal government remains the largest sponsor of U-M research activity, and during FY ’23, the university reported more than $1 billion in federally sponsored research expenditures. This accounts for 56% of the university’s total research volume.
Research expenditures sponsored by the National Institutes of Health totaled $683 million last year, and that support allows U-M faculty to advance projects designed to enhance health, lengthen life, and reduce illness and disability. U-M faculty are leading more than 2,700 active research projects sponsored by NIH, and funding from the federal agency supports more than 4,100 faculty members, postdoctoral fellows and graduate students.
Increased internal investments also played a key role in accelerating U-M research activity during FY ’23. The university reported a record $603 million in internally sponsored research expenditures — a 9.1% increase when compared with FY ’22 — which helped fund enhancements to research-related infrastructure and equipment.
Internal investments also aided in the development of several multidisciplinary research initiatives and institutes, including a new program designed to enhance inclusion and equity across the biomedical and health sciences community.
The Office of the Vice President for Research awarded a series of block grants during FY ’23 to support arts and humanities activity, including three fieldwork projects that explore the intersections of music and politics in Uganda, Kenya and Ghana.
President Santa J. Ono also launched a universitywide strategy to amplify research and scholarship, which has bolstered resources and personnel to support faculty so they can pursue innovative projects and enhance equitable outcomes.
“The University of Michigan was envisioned as America’s first true research university, and I could not be more excited to see us strengthening and expanding our efforts, joining together with our funding partners and world-class students, staff and faculty to have a profound impact on the great challenges of our time,” Ono said.
The U-M research enterprise continues to play a critical role in driving statewide economic growth, enhancing workforce development by supporting employment across large and small businesses. Innovation Partnerships, a unit based in OVPR that serves as the university’s central hub for research commercialization activity, helped launch 25 new startup companies during FY ’23.
Many of these companies are now based in southeast Michigan, and they range in scope from developing innovative therapies for the treatment of fibrosis to designing technologies that aid in substance abuse monitoring.
U-M research also generated a record 580 new inventions and 145 new U.S. patents last year, which reflects the university’s commitment to translating research for broad societal impact.
Enrollment at the University of Michigan’s Ann Arbor campus grew again this fall, making the university the largest and most sought-after public research institution in the state.
Total enrollment reached 52,065 students — passing Michigan State University’s 51,000 total enrollment — and includes a record number of incoming students with 7,466 first-year students and 1,414 transfer students.
With total enrollment up 2% from 2022, undergraduate enrollment increased by 3% from 32,695 undergraduate students last year to 33,730 students this year.
Ph.D. student enrollment rose 5% this fall from 5,477 last year to 5,742 this year, with the university welcoming 32% more first-year Ph.D. students than last year. Overall graduate and professional school enrollment declined slightly from 18,530 to 18,335.
“Our record enrollment demonstrates that students from all backgrounds are continuing to see the value in a University of Michigan education,” said Adele C. Brumfield, vice provost for enrollment management.
“U-M is a place of educational excellence that features a vibrant community with rewarding student life experiences, access to innovative facilities and research and a caring and engaged faculty and staff.”
With a record 93,745 applications, interest in the university from first-year and transfer students continues to grow. The university received 87,632 first-year applications, a 4% increase over last year and 6,113 transfer applications, a 9% increase. This mirrors U-M’s significant five-year application growth trend, with a 35% increase for first-year students and 43% for transfers from 2019-23.
The university is a top choice for in-state students, with 78% of first-year and transfer students who are admitted to the university choosing to enroll.
Erica Sanders, assistant vice provost of enrollment management and executive director of undergraduate admissions, said there are many reasons for that number.
“Throughout the recruitment process, we work to ensure that students and families recognize that U-M is a place where students will learn and grow as they pursue their passions,” Sanders said.
“We also strive to make the university accessible to students from all backgrounds, providing in-person and virtual experiences, travel stipends and fee waivers to ensure that all are able to truly experience the university, either in-person or in their home.”
The 8,880 students in U-M ‘s incoming class are helping to diversify the campus community. The class consists of more first-generation students and students from low-income backgrounds, as well as a greater number of students of color, which comprise 44% of this year’s incoming class.
Students of color include those who identify as Asian, Black or African American, Hispanic or Latino/a, American Indian/Alaska Native, Native Hawaiian/Other Pacific Islander, multiethnic, and those who indicated two or more race/ethnicities.
“During challenging times, the university has shown progress in attracting and enrolling students of color,” Brumfield said. “While we still have strides to make, the increased diversity of the incoming class shows that our race-neutral admissions efforts show promise.”
Compared to last year, first-generation students increased by 9%, students from low-income backgrounds increased by 1%. The number of students of color increased by 16%, which includes a 25% increase in Black or African American students — from 381 to 475 — and a 29% increase in Hispanic or Latino/a students — from 927 to 1,196.
With more than 50% of incoming students hailing from the state of Michigan, nearly every county is represented in the student body. The global reach of the university also is demonstrated with students from all 50 U.S. states, the District of Columbia and 65 countries.
The university continues to demonstrate a strong commitment to financial aid, recognizing the importance of making the university accessible and affordable to students.
This fall, preliminary data shows that more than $351 million in financial aid — including federal, state, institutional and private funds — was disbursed to more than 24,000 undergraduate students. This is an increase of $18 million over last year. Additional aid will be disbursed to students throughout the year.
The Go Blue Guarantee, the university’s campaign to support in-state students from low- and moderate-income backgrounds, was recently expanded to include students from families with assets and incomes of $75,000 or less. Because of initiatives like this, U-M was recognized as a High-Flier, a national leader in college access and success, earlier this year by the American Talent Initiative.
“The university’s commitment to providing generous financial resources, allows more students to choose U-M and thrive once they arrive here,” said Tammie L. Durham Luis, assistant vice provost of enrollment management and executive director of financial aid. “We work to educate students on that commitment so that they can make an informed decision.”
U-M’s final enrollment data is based on data from the Sept. 18 fall census date.
“We’ve enjoyed welcoming the incoming undergraduate class to the university and having returning students back this fall, and can’t wait to see what they all accomplish,” Brumfield said.
The University of Michigan took another step toward developing a new $631 million Central Campus residential complex, as the Board of Regents approved the project and updated construction timeline Sept. 21.
The new housing and dining project, located between East Hoover Avenue and Hill Street, will meet the demand among undergraduate students for affordable, on-campus housing on Central Campus.
Construction on the 2,300-bed and 900-seat dining hall facility, which was previously expected to roll out as a phased approach beginning in fall 2025, is now expected to be completed by summer 2026 due to complexities with the site.
The facility, which received schematic design approval in February, will include five residence halls, ranging between five and seven stories, and a series of green courtyard spaces and quadrangles along a broad pedestrian walkway.
During the meeting, Martino Harmon, vice president of student life, said that during phase two of the project, a space within the development will be named to honor Raoul Wallenberg in the area where he lived as a student in 1931.
Wallenberg, a 1935 graduate of U-M who served as a Swedish diplomat during World War II, is considered a great humanitarian whose actions saved thousands of lives during the Holocaust.
In order to keep the project on schedule, regents voted in May to continue critical site work, including drilling of geothermal wells, during the summer months and developed an agreement that expenditures would not exceed $30 million, in order to maintain the project’s expedited timeline. Expenses from the early sitework were rolled into the final project budget.
The university also entered into a development agreement with American Campus Communities to manage the project and meet the proposed project schedule. In December 2022, the Board of Regents approved Robert A.M. Stern Architects, an architectural firm, to design the facility.
The housing plan will be developed to align with the university’s stated carbon neutrality goals. The dining hall, for example, will use geothermal exchange systems for heating and cooling, as well as an innovative all-electric design for both the housing and dining facilities.
It also incorporates new energy-efficient building standards and solar panels on the roof. The complex is designed to earn LEED Platinum certification.
Funding will be provided by reserves and bond proceeds, with debt service paid from Housing resources.
A groundbreaking ceremony is scheduled for noon-1:30 p.m. Oct. 13 at the project site.
To proceed with the Central Campus housing and dining project, plans also included relocating and designing a new Elbel Field one block north of the current field.
The new field will provide a new $15.4 million practice and teaching facility — among the best in the nation — for the Michigan Marching Band.
Due to some unexpected technical challenges with the site related to stormwater management, the project timeline for the new Elbel Field has been extended. University officials expect the new Elbel Field to be ready for the 2024 football season.
The band will continue to use the existing Elbel Field, then relocate to Ferry Field once the residential construction begins.
The new practice area will be 2.7 acres, as opposed to 1.5 acres at the existing Elbel Field. The main field will be sized and oriented in a north-south position to match the game field at Michigan Stadium.
The University of Michigan remains the No. 3 public university in the country for undergraduate education, according to the 2024 U.S. News & World Report Best Colleges list.
U-M also moved up four spots from last year to place 21st overall among both public and private institutions on the rankings that were released Sept. 18. It has held the No. 3 public university title every year since 2019.
The other public institutions in the U.S. that made the top 25 were the University of California, Los Angeles, at No. 12, the University of California, Berkeley, at No. 16 and the University of Virginia and the University of North Carolina at Chapel Hill, which both ranked No. 22.
The annual Best Colleges list includes data for nearly 1,500 institutions.
U-M officials said they are pleased that the university continues to be recognized as a leader in higher education. They also noted that rankings don’t consider all the factors that contribute to the quality of an institution, and that it’s important to focus on a university’s commitment to academic excellence and societal impact.
U.S. News & World Report officials said they refined the methodology used for this year’s rankings to place a greater focus on outcome measurements and data that are universally reported by schools or obtainable from third-party sources.
For institutions categorized as national universities, including U-M’s Ann Arbor campus, the rankings were based on 19 measurements of academic quality:
For regional universities such as UM-Dearborn, the rankings were based on 13 factors:
Five factors that were previously part of the ranking formula — alumni giving, class size, high school class standing, the proportion of instructional faculty with terminal degrees, and the proportion of graduates who borrowed federal loans — were removed. Some other factors saw increases or decreases in weight.
In the regional university category, UM-Dearborn was ranked the No. 3 public regional university in the Midwest, moving up two spots from last year. It jumped from No. 30 to No. 17 on the overall list of the best Midwest regional universities.
The 2024 Best Colleges List also includes data about specific fields of study.
The Stephen M. Ross School of Business kept its No. 4 ranking on the overall list of undergraduate business programs. It maintained or improved its ratings on 11 of 12 specialties, with accounting, entrepreneurship, finance, marketing and production operations/management all ranked within the top five.
The College of Engineering moved up one spot — from No. 6 to No. 5 — on the list of top engineering programs. Four of 10 engineering specialties either placed the same as last year or moved up in the rankings, with environmental, industrial/manufacturing and materials listed in the top five.
The School of Nursing was ranked No. 7, down from its No. 3 ranking last year.
New this year to the Best Colleges list were rankings of undergraduate economics and psychology degree programs. U-M ranked No. 15 in economics and No. 3 in psychology.
The university received high marks in other areas as well. It was ranked:
(CORRECTION: This article has been updated from its original version to reflect a change in the rankings for UM-Dearborn.)
University of Michigan Health has been recognized as the top hospital in Michigan, according to U.S. News and World Report’s Best Hospitals Rankings for 2023-24.
U-M Health, the clinical division of Michigan Medicine, also was the only hospital in the state named to the nation’s Honor Roll of hospitals, recognizing the institution for strong overall performance.
“It’s an honor for U-M Health to receive continued recognition for our exceptional level of patient care,” said David Miller, president of the U-M Health System and executive vice dean for clinical affairs for the Medical School.
“We are grateful for the hard work and commitment of our team members who make our patients a priority every single day.”
U.S. News generates its rankings by evaluating data from 4,500 hospitals on four different categories: patient experience, outcomes, care-related factors and expert opinions from physician surveys.
“These rankings are one measure of U-M Health’s dedication to delivering high-quality care to every patient who comes through our doors,” said Marschall S. Runge, dean of the Medical School, CEO of Michigan Medicine and executive vice president of medical affairs.
“We are proud of our teams whose commitment to innovation and exemplary care helps earn this honor.”
U-M Health is ranked No. 8 in the country for ophthalmology, and received national rankings in the following specialties:
U.S. News & World Report also awards “high performing” designation to hospitals for a number of specific procedures and conditions. U-M Health, as well as Sparrow Health System and UM Health-West, are named as high performing in a range of specialties.
Additionally, U-M Health was also recently ranked No.9 in Expertscape’s All-Around Expert Medical Centers for high rankings in 21 different medical and surgical specialties. U-M Health is among just 29 hospitals in the country rated as expert in all 21 specialties tracked by Expertscape.
Another 450 in-state students will be able to attend the University of Michigan tuition-free as part of a 2023-24 budget that expands the Go Blue Guarantee and prioritizes affordability and key investments in student, faculty and staff success.
The Board of Regents approved a spending plan June 15 that increases the family income and asset thresholds to up to $75,000 each for U-M’s signature free-tuition program.
The $2.79 billion general fund budget for the Ann Arbor campus covers the fiscal year that begins July 1. It is part of an approved, universitywide consolidated budget package that also includes spending plans for Michigan Medicine, UM-Dearborn, UM-Flint, Athletics, Michigan Housing and student fees.
“The proposed fiscal year ’24 budget advances our highest priorities, builds on our strengths and sets the stage for a bold era of change,” Laurie McCauley, provost and executive vice president for academic affairs, said at the regents meeting.
“The proposed budget supports both our current position as an exemplary public university and our ambition — in the best sense of that word — to do more. It does so while maintaining the fiscal discipline that is a hallmark of responsible stewardship of our resources.”
The regents unanimously approved the budget measure, with Regent Paul Brown absent.
The budget includes a 2.9% increase in the rate for in-state undergraduate tuition and fees at the Ann Arbor campus, which is below the projected rate of inflation.
The change will be offset by a 7.8% increase in undergraduate financial aid that will cover the tuition increase for most in-state students with financial need — making this the 14th consecutive year that additional financial aid resources will cover the full tuition increase for most resident undergraduates receiving financial aid.
Graduate students and out-of-state undergraduate students will see a 4.9% increase in tuition and fees.
The in-state “sticker price” tuition rate for undergraduates, along with fees, will increase by $492, for an annual rate of $17,228. Tuition and fees will increase by $2,738 for nonresident undergraduate students, for an annual rate of $58,072. Tuition and fees are based on full-time enrollment, which is defined as 12-18 credit hours.
Regent Sarah Hubbard said keeping U-M affordable is a top priority.
“The ability to maintain very low, below-the-rate-of-inflation increases in Ann Arbor — very modest increases in Flint and Dearborn, as well — I think has been a very positive result of the oversight the board is providing to the university,” she said.
During the past decade, spending on undergraduate financial aid has increased by an average of 10% annually. As a result, 60% of in-state and 41% of out-of-state undergraduate students pay less than the published cost of attendance.
University officials said for most resident undergraduate students who receive need-based financial aid, the net cost of attending U-M is actually less than it was 10 years ago. And nearly 3,000 fewer students are taking out loans compared with a decade ago.
The expansion on the Ann Arbor campus of the Go Blue Guarantee, a free tuition program for qualifying Michigan residents, is another piece of U-M’s continuing efforts to ensure a world-class education remains accessible regardless of a student’s financial means.
Officials said increasing current eligibility thresholds — family incomes of up to $65,000 and assets of up to $50,000 — to up to $75,000 for each part will expand participation by approximately 450 students every year.
“This program, the Go Blue Guarantee, is really life-changing for a lot of our students,” Regent Jordan Acker said. He noted that the “revolutionary” program has inspired similar initiatives at other universities.
“So, as we lead the way again by increasing (the eligibility thresholds) to $75,000, I’m just hopeful that we will continue to lead the way in making sure that middle-class and working-class Michiganders, especially, are able to attend this university and to graduate without student debt.”
Today, nearly 3,400 in-state undergraduate students, including about 1,300 students who participate in the Go Blue Guarantee, pay no tuition because of financial aid.
The budget for the upcoming fiscal year focuses on enhancing student success and well-being, with investments in mental health and wellness services, student organizations, sustainability programs, leadership and student-facing technologies.
McCauley highlighted the launch of a program to help students pursue global study and the creation of an LSA Bridge Scholars Plus program that will provide a full-year, living-learning community experience.
There will be no increase in the University Health Service, Central Student Government or Student Legal Services fees, which will remain at $209.74, $11.19 and $8.50, respectively, per semester.
Additionally, the budget reflects investments in initiatives designed to promote faculty and staff success. It has funding for several faculty recruitment and retention programs, support for staff professional development, investment in research administration, resources for improving talent acquisition and human resource functions, and a 4% merit pay program.
“We recognize the importance of climate and culture to our workforce, and continue to work with stakeholders across campus to articulate workplace values and create a community where ethics and integrity are central and all feel valued,” McCauley said.
The FY ’24 budget also provides for:
McCauley highlighted cost-containment measures that will lead to roughly $31 million in ongoing savings, including efforts by units, schools and colleges to restructure staff following attritions and retirements and the movement of more recruitment activities online to save on travel expenses.
“This work substantially reduces the pressure on tuition, which would be significantly higher without this ongoing crucial scrutiny on containing costs,” McCauley said.
The budget plan estimates a 5.1% increase in state appropriations, which is approximately the mid-point of current budget proposals put forth by the governor, state Senate and state House of Representatives. The state, which operates on a different fiscal calendar, must approve its budget by the end of September.
Regents also approved a 5.2% increase in residence hall room and board rates for the upcoming fiscal year. The increase reflects continuing inflationary pressures that have led to higher costs for utilities, labor, food and maintenance needs.
The cost per student for a double room with a basic meal plan will total $13,856 for the fall and winter terms, an increase of $85 per month. Need-based grant aid will mitigate this increase for students with financial need.
Michigan Housing and Michigan Dining are self-funded auxiliary units of Student Life within the university.
The university has undertaken several strategies that advance its commitment to achieving carbon neutrality across the Dearborn, Flint and Ann Arbor campuses, including Athletics and Michigan Medicine.
They include a report on the use of $300 million in “green bonds,” updated sustainability dashboards and building guidelines, and becoming the first university to join the First Movers Coalition, which aims to advance sustainable industrial technologies.
“Meaningful climate action — especially at a place the size of the University of Michigan — involves a number of complementary efforts,” President Santa J. Ono said. “As we reduce our greenhouse gas emissions, enact new sustainable building standards and join leading partnerships, we’re sharing our progress to spur our campus community toward further action.”
Last month, the U-M Treasurer’s Office published an inaugural report detailing how an initial series of green bonds — funding issued for sustainable capital projects — is advancing university sustainability and carbon neutrality efforts.
“Our first issuance of green bonds is about more than getting projects in the ground — it’s about living our ideals and continuing forward on a path we have been walking for over a century,” wrote Geoffrey Chatas, executive vice president and chief financial officer.
“The $300 million in green bonds issued in March 2022 will allow us to build on our longstanding legacy of sustainability — from our first forestry class in 1881, to the launch of the U-M Biological Station in 1909, to our role in the inaugural Earth Day in 1970.”
U-M plans to allocate 91% of the bonds to sustainable construction and renovation projects, as well as 7% to renewable energy infrastructure and 2% to clean transportation.
As of March 31, nearly $8 million in green bond proceeds had been expended. Noteworthy allocations include the Hayward Street geothermal exchange installation, the Central Campus Recreation Building, electric bus procurement, a new building for the College of Pharmacy, and the recently announced new Central Campus residence hall.
The report notes that green bonds are funding efforts that advance environmental justice, with a focus on people who may be disproportionately and adversely affected by a transition to a low-carbon economy.
The Treasurer’s Office also unveiled a new interactive project map that allows users to explore sustainable projects financed by green bonds. It can be found in the university’s updated sustainability dashboards.
As sustainable investing efforts and disclosures move ahead, U-M launched an update to its greenhouse gas emissions-reduction dashboard, which tracks universitywide progress toward carbon neutrality.
Version 2.0 includes a new trendline covering the square footage of U-M buildings over time. Total university emissions have declined by more than 25% since 2010, despite a 15% increase in building space.
U-M is on pace to reduce Scope 1 and 2 greenhouse gas emissions — those that come from direct sources and purchased electricity — by 50% by 2025, exceeding United Nations Intergovernmental Panel on Climate Change guidance to reduce emissions by 45% by 2030.
U-M also unveiled a parallel dashboard — managed by the Office of the Vice President for Communications, the Office of Campus Sustainability, and Information & Technology Services — that tracks Ann Arbor campus sustainability metrics. The tool allows users to gain a quick glimpse of campus performance across an array of sustainability subtopics, including energy, greenhouse gas emissions, transportation, waste, and land and water use.
U-M community members played a key role in helping the dashboards take shape. Students taking part in an undergraduate course on “Sustainability and the Campus” recommended strategies to better visualize carbon neutrality and sustainability metrics that will inform future versions.
“Climate action requires thoughtful engagement,” said Drew Horning, interim assistant vice president for campus sustainability. “We will continually improve our progress tracking tools with community feedback, and we’re grateful for the ideas that students have recently brought to the fore.”
U-M recently became the first university to join the First Movers Coalition, a global partnership led by the U.S. State Department and the World Economic Forum, in collaboration with the U.S. departments of Commerce and Energy.
FMC includes 80 member companies, which aim collectively to send a market signal to spur sustainable technologies across seven industrial sectors that together account for 30% of global greenhouse gas emissions: aluminum, aviation, chemicals, concrete, shipping, steel and trucking.
Members endeavor to collectively build the clean and profitable supply chains of the future.
In aviation, FMC members commit to procuring sustainable aviation fuel, a biofuel made from renewable feedstocks such as used cooking oil, tallow or agricultural residues. Sustainable aviation fuel is a less-carbon-intensive alternative to conventional jet fuel, with current potential to reduce lifecycle emissions by more than 75%.
U-M previously announced a partnership with Delta Air Lines to spur the widespread adoption of sustainable aviation fuel and reduce lifecycle emissions resulting from university-sponsored travel. The university also is working within the Delta partnership to foster research collaborations involving U-M sustainable aviation experts.
In collaboration with faculty at the A. Alfred Taubman College of Architecture and Urban Planning, Facilities & Operations recently updated standards for building construction and renovation to reflect university carbon neutrality goals.
In addition to adopting maximum emissions targets, U-M design guidelines now:
With new standards in place, Facilities & Operations is implementing pilot programs centered around building air leakage testing, building envelope sealants, ongoing verification of building system performance and refined maintenance practices.
The University of Michigan is authorized to establish up to $1 billion in additional standby lines of credit as a flexible alternative funding source for contingency purposes during a period of economic uncertainty and financial market volatility.
The Board of Regents approved the measure July 21. It doubles an existing authorization for lines of credit available for general operating purposes the board granted in March 2020.
“These lines of credit will be used primarily for contingent liquidity support for general corporate purposes,” wrote Geoff Chatas, executive vice president and chief financial officer, in a recommendation to the board.
“We believe this expansion to be a prudent and proactive course of action, at relatively inexpensive pricing, in light of significant uncertainty during an unprecedented period of inflation, supply chain disruption, geopolitical tensions and lingering COVID impact.”
The authorization extends through 2032, and no credit agreement entered into under this resolution could extend beyond that period without additional authorization.
The new lines of credit, like the existing lines of credit and the university’s outstanding bonds and commercial paper notes, will be supported by a pledge of the university’s general revenues.
The University of Michigan has successfully issued $2 billion in bonds to finance planned future construction and renovation projects, including $1.2 billion as a century bond, the largest of its kind ever issued in the higher education sector.
The deal marks the university’s first issuance of a century bond, which is structured to be repaid in 100 years instead of the more traditional 30 years.
Barclays was the lead underwriter for the university, and Loop Capital Markets, a minority-owned investment bank, acted as co-lead.
The university priced the bonds this week at a rate of 4.45 percent for the century bonds and 3.5 percent for the 30-year bonds, or a blended rate of 3.98 percent for the entire $2 billion issuance.
“Strong demand from investors, both in the U.S. and abroad, allowed the university to upsize the transaction beyond what was originally expected,” said Geoff Chatas, executive vice president and chief financial officer.
The Board of Regents approved a resolution in February granting authorization for the issuance of up to $2 billion in general revenue bonds. Given volatility in the markets, the university initially went to market with a $1.5 billion offering.
“Due to the confidence in the reputation, strength and stability of the university and an effective marketing campaign that successfully targeted a significant audience of international investors, we were able to generate more orders for bonds than were originally available,” Chatas said.
“This oversubscription allowed us to place the full $2 billion in bonds, with $1.2 billion of that coming as a century bond. This is a fantastic outcome for the university considering the volatility in bond markets.”
The deal provides the university a great opportunity to prefund planned debt needs for capital projects at historically low interest rates for years to come, Chatas added.
Some of those projects include the construction of three new undergraduate residence halls on North Campus, continued work on the new Michigan Medicine Clinical Inpatient Tower and replacing the Central Campus Recreation Building.
“Regardless of where market rates go from here, this committed funding will provide long-term rate stability for the university,” he said.
In addition to the century bond, $300 million of the transaction was issued as a series of green bonds, another first for U-M. Green bonds can only be sold and used to fund “green” capital projects that support climate-related or environmental goals.
At U-M, that includes a number of projects aligned with recommendations made by the President’s Commission on Carbon Neutrality, such as plans to build a geothermal heating and cooling system for the Leinweber Computer Science and Information Building.
“We believe that the size of and detail provided with this series of green bonds made clear to the market what we all already know —the University of Michigan is committed to taking serious action related to reducing its carbon footprint,” Chatas said.