YEAR IN REVIEW | 2020–2021
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Nearly two full years into the COVID-19 pandemic, Rosalind Franklin University is stronger, more resilient and more deeply committed to its mission of education, research and service. Our frontline health workers, standing strong amid new waves of infection, remind us that the education we offer is good work, important work and vital to the health of our nation.

Our recently concluded yearlong commemoration of the centennial of Dr. Rosalind Franklin’s birth offers another important reminder of our namesake’s courage and determination and the dogged pursuit of basic science research. In addition to her historic contribution to solving the structure of DNA, Dr. Franklin’s crystallography work on the structure of viruses confirmed the single-helix structure of RNA — an achievement that more than six decades later redounds to our benefit in mRNA-based COVID vaccines.

We continue to seek and build strategic partnerships across sectors as a means to solve complex challenges.” Dr. Wendy Rheault

Aaron Klug, chemist, crystallographer and Dr. Franklin’s close collaborator in the study of viruses, said in his 1982 Nobel lecture, “It was Rosalind Franklin who set me the example of tackling large and difficult problems. Had her life not been cut tragically short, she might well have stood in this place on an earlier occasion.”

Faced with our own problems, like fulfilling our mission while navigating a pandemic, we continue to lean into trusted relationships and partnerships. Our longstanding commitment to interprofessional education and collaborative practice has served us well, helping us to find solutions and navigate uncharted territory. It has helped us build a culture of teamwork, communication and collaborative leadership that positions RFU to lead the transformation of care delivery and health professions education.

We continue to seek and build strategic partnerships across sectors as a means to solve complex challenges. Our new College of Nursing is a case in point. Under our partnership with Lake Forest College and Northwestern Medicine, we’re aligning aspects of our academic program with our neighboring health system’s workforce needs. We’re playing to each other’s strengths, leveraging our resources, extending our reach and mitigating risk. We’re building an education-to-workforce pathway with a trusted local academic partner who will help us connect with, mentor and educate underserved youth eager to improve the health of their communities.

Partnerships help us anticipate and meet community healthcare needs. When we ask a health system like Northwestern to partner, we don’t have to guess at what they need. We know because we’re in a relationship. Inclusion yields better solutions, and the interprofessional approach offers better health care.

Our ability to partner was certainly a factor in our recent $2 million matching grant from the State of Illinois, as creative public-private agreements continue to power our Innovation and Research Park and Helix 51 incubator. Working together with multiple stakeholders across sectors, we have built a solid foundation for our research enterprise, ensuring benefits for our university, community and region for generations to come.

Above all, partnerships help us drive innovation — one of our core values — which can help solve national and global challenges, particularly in times of crisis and polarization.

RFU will continue to be guided by its values. We will continue to advocate on issues that go to the heart of our mission. We are so grateful for our many partners. Your investment in the education of health and biomedical professionals, in research and innovation — in RFU — is an investment in health, in science and in our shared and very bright future.

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Wendy Rheault, PT, PhD, FASAHP, FNAP, DipACLM
President and CEO

 

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Elizabeth A. Coulson, PT, MBA
Chair, Board of Trustees

 

UNIVERSITY LEADERSHIP

UNIVERSITY LEADERSHIP


  • BOARD OF TRUSTEES
  • UNIVERSITY ADMINISTRATION

BOARD OF TRUSTEES

Rosalind Franklin University’s Board of Trustees is the governing body of our institution, responsible for our mission as well as the financial health and welfare of the university. Our trustees bring a vast knowledge of higher education, law, government, the U.S. military, nonprofit management and marketing. The board provides leadership and guidance to RFU while shaping the university’s goals, policies and practices.

Seema Bhatia
Board of Directors
Rosalind Franklin University Health Clinics

Sandra Bruce
(Retired) President and CEO
Presence Health

Shaundra Clay
Global Vice President of Finance
Beam Suntory

Allan Cohen
(Retired) Managing Director
First Analysis Corporation

Elizabeth Coulson
(Retired) State Representative
Illinois General Assembly, 1997–2011

Adam E. Fleischer
Faculty Representative
Professor
Dr. William M. Scholl College of Podiatric Medicine

Michael C. Foltz
(Retired) Principal
Balasa Dinverno Foltz, LLC

Rosalind Franklin
Leadership Consultant Partner
Boyden Leadership Consulting Services

John Grady
Director of Podiatric Residencies
Advocate Christ Medical Center
Advocate Children’s Hospital

Elder Granger
(Retired) Army Major General
Commander, Task Force 44th Medical Command

Cheryl Kraff-Cooper
Ophthalmologist
Kraff Eye Institute

Martin Manning
Healthcare Executive
Member, Board of Directors and Development
Committee
C.G. Jung Institute of Chicago

Karen Miller
Sr. Vice Chancellor, Dean and Professor Emerita
University of Kansas Medical Center

Thomas G. Moore
(Retired) President
Hospira USA

Wendy Rheault
President and CEO
Rosalind Franklin University

Lee Sacks
(Retired) Executive Vice President, Chief Medical Officer
Advocate Health Care

Pamela Scholl
Chairman and President
Dr. Scholl Foundation

Manuel von Schulenburg
Senior Vice President, International Wealth Advisor
Merrill Lynch

Alan Weinstein
(Retired) Executive Vice President
Illinois Hospital Association

Gail Warden
Trustee Emeritus
President Emeritus
Henry Ford Health System

UNIVERSITY ADMINISTRATION

Wendy Rheault, PT, PhD, FASAHP, FNAP, DipACLM
President and CEO

Neil Bradbury, PhD
Principal Senator, Faculty Senate

James Carlson, PhD, PA-C, CHSE
Vice President for Interprofessional Education and Simulation

Moreen Carvan, EdD
Vice President for Academic and Faculty Affairs

Archana Chatterjee, MD, PhD
Dean, Chicago Medical School
Vice President for Medical Affairs

Lee Concha, MA
Senior Vice President for University Enhancement
Chief of Staff

Joseph X. DiMario, PhD
Dean, School of Graduate and Postdoctoral Studies

Rebecca Durkin, MA
Vice President for Student Success and Wellness

Gavin Farry, MBA, CPA
Executive Vice President for Finance and Administration

Scott Hanes, PharmD
Interim Dean, College of Pharmacy

Bruce Jefferson, JD
General Counsel

Ronald Kaplan, PhD
Executive Vice President for Research

Patrick Knott, PhD, PA‑C
Interim Dean, College of Health Professions

Sandra Larson, PhD, CRNA, APN, FNAP
Founding Dean, College of Nursing
Vice President for Partnerships

Richard Loesch, MBA, CGEIT
Associate Vice President for Technology and Learning
Resources, Chief Information Officer

Nancy L. Parsley, DPM, MHPE
Provost

Chad B. Ruback, MSEd, MBA
Vice President for Institutional Advancement

Eric Williams, PhD
Vice President for Diversity, Equity and Inclusion

Stephanie Wu, DPM, MSc, FACFAS
Dean, Dr. William M. Scholl College of Podiatric Medicine

Dagmara Zajac, COP ’23
Executive Student Council President

FINANCIAL REPORT

FINANCIAL REPORT

Rosalind Franklin University ended FY21 with a $3.5 million operating surplus thanks to the commitment and shared sacrifice of our excellent faculty and staff. While the pandemic affected operations, RFU ended the year financially strong by implementing various cost containment measures and by leveraging federal and state support where available. This was accomplished without layoffs or reductions in staffing or services. As the economy began to rebound from the severe pandemic-induced contraction in 2020, the university saw a reversal of prior year losses in its endowment, and ended the year on strong footing — positioning the university for future growth.

Fiscal year ending June 30, 2021
  • OPERATING REVENUES AND EXPENSES
  • RESEARCH AWARDS
  • CHANGE IN TOTAL NET ASSETS
  • STUDENT ENROLLMENT

OPERATING REVENUES AND EXPENSES

OPERATING REVENUES

$ in Millions
NET TUITION AND FEES:$89.5 (72%)
GRANTS AND CONTRACTS: 14.4 (12%)
PATIENT CARE:11.4 (9%)
INVESTMENT INCOME:4.5 (4%)
AUXILIARY REVENUE:2.3 (2%)
PHILANTHROPIC GIFTS:1.7 (1%)
OTHER:1.2 (<1%)
TOTAL:$125.1

 

OPERATING EXPENSES

$ in Millions
INSTRUCTION: $36 (30%)
RESEARCH: 23.1 (19%)
PATIENT CARE: 12.3 (10%)
ACADEMIC SUPPORT: 17.1 (14%)
STUDENT SERVICES: 9.5 (8%)
INSTITUTIONAL SUPPORT: 23.5 (19%)
TOTAL: $121.6
EXCESS OVER EXPENSES: $3.5

RESEARCH AWARDS

$ in Millions
TOTAL RESEARCH DOLLARS
FEDERAL RESEARCH DOLLARS

CHANGE IN TOTAL NET ASSETS

$ in Millions

Reflects, on an annual basis, the increase or decrease of assets minus liabilities.

STUDENT ENROLLMENT

College of Pharmacy
School of Graduate and Postdoctoral Studies
College of Health Professions
Dr. William M. Scholl College of Podiatric Medicine
Chicago Medical School

UNIVERSITY PARTNERSHIPS

STRATEGIC RELATIONSHIPS

We work with a range of partners within various communities, the healthcare industry, the public sector and academia. This includes more than 700 clinical training partners and nearly 100 local organizations that help us educate our students and deliver healthcare services throughout our region. The industry resources, financial support and expertise that these organizations provide helps RFU in many critical areas, such as grants and scholarships, hands-on and simulated training and education programs, research and development, and COVID testing and vaccination initiatives. Here is just a sampling of organizations that help RFU drive a better future in health care.

Restoring the public’s trust in health care