Trustees approved the 2022-23 budget, heard reports on Stanford Medicine and ResX, granted approval for construction on building projects, and took action on other items.
The Stanford Board of Trustees has approved an allocation of university reserve funds for a new program to invest in diverse asset managers, creating new avenues for such firms to enter institutional investment portfolios.
At its first meeting of the 2021-2022 academic year, Stanford’s Board of Trustees moved forward several building projects and received updates on how the university is raising its sights after the challenging beginning of the pandemic.
New Stanford trustee Marc Lipschultz, who earned his undergraduate degree from Stanford in 1991, is president and co-chief investment officer of Owl Rock Capital.
Stanford trustees received briefings on such university initiatives as the new school for climate and sustainability and undergraduate education enhancements, as well as pandemic progress and campus activities.
Alumna Roberta Denning, known for her advocacy of the arts and humanities at Stanford, has been elected to the university’s Board of Trustees. Her term begins Feb. 1.
