Celebrating 50 Years
This year, 2018, we celebrated the 50th anniversary of Carnegie Institute of Technology's merge with Mellon Institute to form Carnegie Mellon University. That merger accelerated our path to becoming one of the world's greatest comprehensive research universities. In recognizing our original Founders and the impact of those who have followed, this year demonstrated that CMU continues to be the place for leaders with their own initiatives, creations and ideas.
This year, we celebrated the founder in all of us.
Highlights from the CFO and CIO
Angela Blanton, Vice President for Finance and CFO
It is my pleasure to present the annual financial report for Carnegie Mellon University for fiscal year ended June 30, 2018.
In 1967, two visionary-founded institutions — Carnegie Institute of Technology and Mellon Institute — came together to form Carnegie Mellon University. This year, we celebrated the 50th anniversary of this merger by honoring the vision of Andrew Carnegie and Andrew and Richard Mellon and the joining of their legacies. Following in our founders' footsteps, we are committed to realizing academic excellence, empowering research with impact and building real-world partnerships.
Charles A. Kennedy, CIO
Built on a foundation of generous gifts from alumni and other supporters to the university, Carnegie Mellon University’s endowment serves as a key contributor to achieving the institution’s long-term mission. Providing a permanent and consistent source of funding, the endowment enables Carnegie Mellon to pursue research and education initiatives, including sponsoring student scholarships that would not otherwise be available. Consequently, keen university stewardship of these funds is essential.
Year in Review
Leader: Farnam Jahanian Named CMU President
Farnam Jahanian, the nationally recognized computer scientist, successful entrepreneur, senior public servant and respected leader in higher education, has been appointed the 10th president of Carnegie Mellon University.
Trendsetters: Admission Milestone
Women made up the majority of first-year undergraduates at Carnegie Mellon, a distinctive milestone among top-ranked universities that award the majority of their undergraduate degrees in STEM fields.
Inventors: Creativity, Curiosity and Engineering Intersect at Build18
Students started the new semester by building things for fun. This year’s creations included a mechanical dog, a motion-controlled drone, virtual quidditch and a smart mirror.
Boundary Breakers: New Campus Hub
The Center for Student Diversity and Inclusion is a new hub and catalyst for community-wide engagement that brings together CMU’s diversity and inclusion resources in one central location.
Influencers: World Economic Forum
Carnegie Mellon University faculty, including President Farnam Jahanian, engaged in presentations, panels and conversations with international leaders from across industries and disciplines on topics such as big data and artificial intelligence and how they are changing the world.
Futurists: Students Won the Bronze
Students at CMU in Qatar won the Bronze Achievement Award at the International Genetically Engineered Machine (IGEM) competition for creating an efficient way for the oil industry to test for buildup in offshore pipelines, reducing the negative impact on the marine ecosystem.
Creators: UPLift Campus Challenge
The inaugural UPLift Challenge garnered winning proposals from the campus community that included a hammock cluster, new benches and outdoor grills, and a creative light display in a busy campus corridor.
Lifesaver: Student-Led Heroic Puerto Rican Relief Effort
Student Rosana Guernica led a humanitarian effort for victims of Hurricane Maria in Puerto Rico. She led fundraising efforts that resulted in five relief flights to Puerto Rico, delivering 76,000 pounds of supplies and evacuating nearly 300 people in need of medical aid to the U.S. mainland.
Changemaker: CMU-Africa Student Builds Banking System
Bobson Rugambwa, a master’s student at CMU-Africa, won the grand prize of $10,000 at the Tigo Digital Changemakers competition for developing a mobile-based banking system that enables individuals to make deposits, pay bills and keep track of their finances digitally.