Letter from Rev. Donald C. Harrington, C.M.

Dear Friends,

I am pleased to share with you the 2003-04 Edition of the President’s Report, which highlights our significant progress towards providing students with a high quality academic experience in a nurturing environment. For more than 130 years, St. John’s has been fulfilling the academic, spiritual and professional needs of its student body, and we continue this legacy every day.

The academic experience of our students was enriched this past year in a variety of ways, including the hiring of 32 new faculty, achieving six national accreditations, and raising over $7 million of new grants. The demand for a St. John’s education has never been stronger as the number of applications reached an all-time high of 17,700, of which 3,000 new freshmen represent a class of students with the highest selectivity and the highest SAT scores in our history. I am pleased to report that St. John’s is the fourth most popular private institution in New York State, as measured by applications.

Inside you will note the many significant achievements of our faculty and students in such areas as law, business, pharmacy and education. The revised core curriculum has been implemented and has received positive reactions from faculty and students. The Discover New York course, which permits our students to use New York as a laboratory, is receiving similar positive feedback.

Technology at St. John’s has been recognized by national organizations as among the best in the nation by industry leaders, including Intel, Yahoo and Cisco. The laptop program initiated in Fall 2003 now provides over half of our undergraduate students with IBM laptops supported by wireless technology at all of our five St. John’s locations.

Academic Service-Learning and community-based projects have become part of the fabric of a St. John’s education. As St. Vincent de Paul calls on us to work with the poor, “with the sweat of our brow and the strength of our arm,” we call on our students to work with those less fortunate in New York City.

Facilities at St. John’s are among the finest in higher education for promoting the spiritual, academic and physical growth of our students. Summer 2004 saw $35 million in capital projects, including the completion of St. Thomas More Church, the DaSilva Academic Building, Alumni Hall Fitness Center and Belson Stadium Building. In 2005, our science labs and student life facilities will be the target of an additional $60 million in capital enhancements.

Athletics experienced great successes in 2004. Soccer, baseball, fencing and track and field all enjoyed memorable seasons.

The capital campaign surpassed the $200 million mark and prompted the Board of Trustees to increase the goal to $250 million, which we expect to achieve over the next two years. Thanks to the generosity of our alumni and friends, increased alumni participation, strong returns on our investment portfolio and prudent fiscal management, St. John’s has achieved record levels of net assets.

We have much to be thankful for and much to be proud of. We are making a difference for our students, our community and our world.

Sincerely,

Rev. Donald J. Harrington, C.M.