Climbing Above the Culture Clash

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Dear Alumni and Friends, Like most academic institutions across the country dealing with the impact of the severe recession, Boston University School of Law faced an array of challenges in the fiscal year that ended on June 30, 2009. As we began the 2009 fiscal year in the summer of 2008, it was not conceivable that in only a few months the nation would be gripped by an economic crisis so dire that it would bring most of our financial institutions to the very brink of collapse. A year later, our financial markets appear to be recovering and beginning a slow climb out of recession. BU Law has also weathered this financial storm without severe consequences. The fiscal planning that President Brown and Dean O’Rourke put in place early last fall to counter the effects of the recession enabled our faculty, students and staff to continue our enterprise without harsh cutbacks to academic program areas, student services and financial aid, and most importantly without layoffs. However, even our very sound fiscal planning would not have been as effective without the financial support of our generous alumni and friends. In the 2009 fiscal year (July 1, 2008–June 30, 2009) the Law School received cash gifts totaling $1,870,726 from 2,279 alumni and friends. We thank the many of you who maintained or even increased your giving in FY09, notwithstanding your real fear of what the future would hold. Although every single gift in FY09, no matter how small, helped us avoid a more serious financial picture, a few significant gifts are worthy of special mention. Paul R. Sugarman (’54), a longtime supporter of BU Law, and his wife, Susan, made a wonderful pledge of $100,000 to establish the Paul R. and Susan J. Sugarman Scholarship Fund. The income from this permanently endowed fund will provide annual scholarship awards to one or more students enrolled at the School of Law. This is a welcome addition to our financial aid offerings, especially as the debt burdens of our students remain a concern. Also in FY09, the School of Law received $167,000 from the Marion Kauffman Foundation as part of a new three-year grant in support of Professor Michael Meurer’s research and work in the area of innovation. Loyal Law School alumni continue to remember us in their wills and estate plans, and we encourage all alumni to consider a testamentary provision for the School as a way of demonstrating your ultimate support for your alma mater. The estates of Joseph F. Holman (’50) and Mary G. Sullivan (’49) made gifts of $50,000 and $49,626, respectively. Their gifts will ultimately support our building facilities and our unrestricted needs. Notwithstanding the current economy and its impact on alumni giving, Dean O’Rourke and I have continued our conversations with many of our most supportive alumni regarding the Law School’s strategic plan and how additional gift revenue will be needed to make that plan a reality. We are determined to reach out to as many alumni as possible no matter where they reside and practice geographically as we ramp up our fundraising efforts. Indeed, BU Law alumni are positioned in almost every major industry and legal market across the nation and beyond. Although a significant number of alumni remain in New England, we have growing numbers of alumni on the west coast and abroad. 44 | Boston University School of Law | www.bu.edu/law
Alumni Breakdown by Geographic Region 42.2% New England (CT, MA, ME, NH, RI and VT) 17.3% New York/New Jersey and U.S. Territories (NJ, NY, PR, VI) 8.6% All International 8.5% Middle Atlantic (DC, DE, MD, PA, VA and WV) 7.8% West Coast (AZ, CA, HI and NV) 5.8% Southeast (AL, FL, GA, NC, SC and TN) 5.0% Midwest (IA, IL, IN, KY, MI, MN, MO, OH and WI) 2.1% South (AR, LA, MS, NM, OK and TX) 1.5% Northwest (AK, OR and WA) 1.3% Mountain/Plains (CO, ID, KS, MT, ND, NE, SD, UT and WY) As the chart indicates, we have alumni in 49 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands and more than 1,700 alumni in countries around the globe. If you would like a list of alumni in your state or region, please go to the law school’s website at www.bu.edu/law/alumni and register to use our alumni directory and networking site, the BU Law Connection. You can do any number of searches there for alumni. Thanks again to all of you who give extraordinary amounts of your time, energy and finances in support of this institution. Sincerely, Cornell L. Stinson, J.D. Assistant Dean, Development and Alumni Relations Fall 2009 | Annual Report of Giving | 45
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