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Category: University News

Title: Board of Directors Names New Chair, Approves Budget at Summer Meeting

Bill Doyle wears a suit while speaking

Distinguished Service

Doyle is the former president and CEO of PotashCorp, the world’s largest fertilizer enterprise. Since his retirement, he has been working with a private equity firm and sits on the boards of the Wintrust Financial Corporation, the Executives’ Club of Chicago and the Big Shoulders Fund.

During Doyle’s tenure as chair, Georgetown’s board increased financial aid during the COVID-19 pandemic, announced a new policy on divestment from fossil fuels, adopted the Socially Responsible Investing Policy and oversaw “The Power of Many: Participation Matters” campaign that broke Georgetown fundraising records. The board also continued to approve financial plans and academic programs to strengthen the university’s competitiveness and fulfill its mission.

Doyle also championed university’s commitment to tolerance and diversity through the Doyle Engaging Difference Program, which supports innovative learning experiences that equip Georgetown students and faculty to authentically and constructively engage differences inside and outside the classroom.

The board also honored its outgoing members for their many years of devoted service, including Vice Chair Peter J. Clare (B’87); Vice Chair Fr. Daniel Villanueva, S.J. (G’15); Vice Chair Timothy J. O’Neill (L’77); Antoine M. Garibaldi; Kathleen M. Hugin (C’82); Susan B. Karches (C’74); and Peter S. Croncota (B’83).

Budget Update

For fiscal year 2022, the board approved a budget that balances the current operating needs for the upcoming year, while generating resources for key strategic investments for the future.

In a spring financial update, Georgetown President John J. DeGioia announced steps that reflected appreciation of the sacrifices the community made over the past year, including the resumption of employer contributions to 403(b) retirement plans, a 2% pay increase to eligible staff/AAP employees and resumption of campus-based faculty merit review processes.

“I believe the budget that was approved by the Board this month positions us well to move forward through what we hope is the end of the COVID-19 pandemic,” says Geoff Chatas, senior vice president and chief operating officer at Georgetown. “The FY22 budget includes funds to support the ongoing health and safety of our community as we look forward to a return to campus this fall, while also beginning to turn an eye to the future and the support required for some large-scale strategic projects we are very excited about. In order for us to achieve this budget, we’ll continue to prioritize how we allocate resources through thoughtful expense management.”

Aerial shot of Georgetown's Main Campus with blue tint and the text "2020-2021 Capital Improvements"

Campus Renovations

The board reviewed several facilities upgrades that will greet students as they begin the gradual return to campus this summer.

These renovations include the second floor of Car Barn for graduate student study space, townhouses near the Main Campus and the installation of hundreds of smart lockers for centralized mail distribution at LXR, the Leavey Center and Kennedy Hall.

The Dharmālaya Room was relocated to the Leavey Center and now includes new teak shrines, marble icons and pictures hand-crafted in India for over 800 square feet of meditation space to serve more than 500 students with Buddhist, Hindu, Jain and Sikh heritage or practice.

Lab spaces were renovated in Regents Hall to support insect behavioral research and microscopy research. In the Pre-Clinical Science Building on the Medical Center campus, the radio-frequency shield, MRI room enclosure and offices were renovated, including the replacement of an MRI machine in the Pre-Clinical Imaging Research Lab. Lab space was also modified for receiving and processing COVID-19 tests – 4,400 tests per day at full capacity.