Spring 2003
The
Challenge
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The
rise of democracy and economic opportunity has made higher education
a priority for all citizens, not just the political and social elite.
Today, nearly two-thirds of U.S. high school graduates enter college.
As the role and mission of universities change, so, too, do public
expectations with regard to the process and results of the academic
enterprise. Universities must be accessible and affordable, and
they must create knowledge that is applicable, with visible benefits
to society.
The
21st century also is marked by a rapidly expanding universe of knowledge
— both accompanied and driven by swiftly developing new technologies
— that is changing the face of our world. In a knowledge-driven
economy, the university makes increasingly important contributions
to society; maintaining the capacity to make such contributions,
however, has become increasingly costly.
Public
universities like UCLA must also handle increasing competition from
within academe itself. There is a significant and growing resource
gap between UCLA and the best private universities, which have substantially
more money available to spend on their students and faculty. While
UCLA’s endowment is large in comparison to other public universities,
it is not grand when compared to those of elite private universities
(the market value of UCLA’s endowment at the end of Fiscal
Year 2002 was $1.2 billion, compared with $17.5 billion for Harvard,
for example). And while UCLA certainly faces short-term challenges
in light of the state’s budget crisis, the magnitude of the
differential between the privates and publics is so large that this
resource gap would exist regardless of California’s financial
condition. Furthermore, increasing numbers of private universities
— universities that have not achieved the level of academic
excellence of UCLA, but that have access to greater resources than
do public schools — are scrambling to enter the upper tier
of outstanding research universities.
Our
strategy of growth and expansion has been altered to address this
new reality. We must deploy our existing resources more efficiently,
and we must continue to attract funds from non-state sources such
as the federal government and private philanthropy. The strategy
of making the very best use of our resources is clear: Focus on
those areas in which a university must achieve excellence, and on
those areas in which UCLA has a comparative advantage and can be
a national leader. The university has already had much success with
this strategy. For example, we have strengthened the foundation
of our academic enterprise by investing more in the College of Letters
and Science, by modifying and enhancing our libraries and by bolstering
our information-technology infrastructure.
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