values excellence momentum 2 0 0 9 P r e s i d e n t ’s R e p o r t

table of contents
President’s Message 2
Academics 10
School of Liberal Arts 12 Student Life 20
School of Science 14 Enrollment 24
School of Business 16 Faculty and Staff 26
Undergraduate Research 18 Facilities and Infrastructure 28
Development 30
Community 32
Financial Statements 34
Our Future 36
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Siena 2009
President’s Report

president’s message

Dear Friends of Siena College:

As the 10th President of Siena College, I asked our community to embrace the
direction set by St. Francis of Assisi when he called his followers “to begin again …
for up until now we have done nothing.” Francis’ words were not meant to disre-
gard past accomplishments, but rather he hoped that his followers would never
become complacent and would always be eager to respond to new opportunities.
I am proud to say that the Siena community accepted my challenge and set out to
promote the mission of the College in new and exciting ways. In this inaugural
President’s Report, it is my pleasure to share some of the accomplishments of the
2009 academic year.
The fall semester of 2008 began with a sense of optimism. We had once more
reached and exceeded our enrollment targets for new students. There was active
discussion of launching a capital campaign that would result in improved facilities
and a deepening of our commitment to academic excellence. In athletics, expectations
were high for our women’s volleyball team and for our men’s basketball team to
compete once more on a national stage. Life at Siena looked very good. A shift of
tone occurred and a new reality emerged as the initial shock waves of the Wnancial
recession swept over all sectors of American life, including college campuses.
Siena responded to the new financial realities of our world in a manner consistent
with its mission. Our main focus was supporting the students, faculty, administrators
and staff. We took steps to ensure that the current levels of financial aid would be
maintained for our students and that we would do our best to assist those whose
financial profile had suddenly changed. We avoided lay-oVs and honored a prior
agreement with our faculty for a salary raise that was extended to all employees.
We were able to take these bold initiatives because, over the years as a tuition-
dependent institution, we had exercised discipline with our endowment funds
and did not promote unbridled spending. The fiscal crisis remained with us
throughout the entire academic year, but it did not overshadow what the Siena
community accomplished.
The achievements detailed in this President’s Report are drawn first and foremost
from the values that we have inherited from Sts. Francis and Clare. Our Franciscan
tradition is properly described as a “wisdom tradition” which relies upon stories to
illustrate its values. As a result, at Siena we highlight the ideals of respect for every
person, building a community characterized by compassion and reconciliation and
calling all to serve those who are in need. We communicate these values by telling
the stories derived from the lives of St. Francis, St. Clare and other notable
 3

Siena 2009
President’s Report
members of the Franciscan movement. These stories remind us not only of what we
should do but, more importantly, they point out who we should strive to become.
In this President’s Report, I will introduce you to some of the people—students,
faculty, administrators and staV—whose stories illustrate life at Siena College. You
will read about the values, the quest for academic excellence and the momentum
that the College achieved last year. You will see ample evidence and notable out-
comes in specific areas of college life that are aligned with the goals of our strategic
plan. As the landscape of higher education continues to evolve so must we, and so
we begin again.
As this report goes to press, we are in the process of refining our vision and
developing the next strategic plan. We are plotting the direction and priorities for
where we want to go from 2011 to 2015. By the fall of 2010, the full plan will go to
the Board of Trustees for approval and be shared with the Siena community.
Looking to the future, we see challenges as problems to solve and opportuni-
ties to pursue. We gain great conWdence from the continued and enthusiastic
support of the full Siena College community. Every day we appreciate how
blessed we are as we move beyond the 800th year since the founding of the
Franciscan Order and the 72nd year since the seven founding Franciscan Friars
had a wonderful idea that became Siena College. I am pleased to report that its
potential has never been better.
Thank you for your interest and support. I hope the President’s Report
broadens your knowledge and appreciation for all the good that is taking place
at Siena College.

Fraternally,

Fr. Kevin Mullen ’75, O.F.M., Ph.D.

President
VALUES

Values are the cornerstone of a Siena education,

particularly the Franciscan emphasis on serving
others. All Siena students are encouraged to lend
their hands and hearts to projects and programs that
improve the quality of life for those in need. In the
accompanying photo, a Giotto fresco depicts
St. Francis (kneeling) while his companion Sylvester
orders the “demons” of “greed, avarice and civil
unrest” to leave the people of the town of Arezzo.
Their method was prayer and action. At Siena,
students learn the value of the same method.
Midhuna William ’09, spent a life-changing summer experience living and teaching children in
an orphanage in Kitovu, Uganda. Thousands of Siena students organized and participated in
community projects to help more than 100 organizations focused on service to the poor, crime
victims, disabled, elderly, youth, animal and environmental needs.
EXCELLENCE

For over 70 years Siena has been successfully going

about the business of preparing students to follow
their dreams. Some begin their careers, some pursue
advanced degrees, all of them are ready to make
a difference in the world.
In 2009, 90% of Siena graduates applying to medcal, dental and optometry schools were accepted.
In 2008, 85% percent of Siena students who applied to law school were accepted.
From 2007-2009, 100% percent of Siena graduates taking the NYS Teacher Certification Exam passed.
MOMENTUM

Siena believes strongly in the value of providing

research opportunities to undergraduates. This year
funded research increased by 33%. Students worked
side-by-side with professors doing important work in
science, economics, business and history. This work
will help them change the world.
Siena’s momentum has propelled the science program into a position of leadership among
comparable and aspirant institutions. Dean Karen Quaal, Ph.D.; Allan Weatherwax, Ph.D.;
Rose Finn, Ph.D.; and Rachel Sterne-Marr, Ph.D. are spearheading a National Science
Foundation grant in support of Educating Scientists for Tech Valley. The grant is intended to
encourage undergraduate study in Science, Technology, Engineering and Mathematics for
careers in the growth areas of biotechnology, nanotechnology and information technology.
 10
Siena 2009
President’s Report
ACADEMICS
LEARNING DISCOVERING THRIVING
As a learning community and liberal arts college
grounded in its Franciscan and Catholic heritage,
Siena College considers academic excellence to be
its primary goal.
Academics at Siena are rigorous and stimulating.
Our highly-credentialed faculty are the driving force
behind this. More than 90 percent of Siena’s full-
time faculty hold the highest degree awarded in their
field. One-third of the full-time faculty has joined
the College in the past six years with 11 new faculty
arriving in 2008-2009. Faculty awards, grants and
honors are many and include a National Science
Foundation Early Career Award, an appointment to
a White House council, two Fulbright Scholar
Awards and induction in the New York State
Mathematics Educators Hall of Fame.
Today, hundreds of undergraduate students at
Siena participate in intellectual experiences that,
in many other schools, would be considered to
be at a graduate level. As a result of faculty/
student research, students are co-authoring in
peer-reviewed journals, presenting at national
conferences and pursuing advanced educational
opportunities worldwide. More than 250 students
travel on study abroad and faculty-led international
study tour programs in 30 diVerent countries.
The “Siena in Siena” program in Italy, with embedded
volunteer service and all instruction in Italian, is
considered the best in the country by the Italian
consulate staV.
Through signature programs, students gain a
valuable advantage over their peers. Ninety percent
of Siena’s 2009 graduates applying to medical,
dental and optometry schools were accepted.
Eighty-Wve percent of Siena students who applied
to law school in 2008 were accepted. One hundred
percent of Siena teacher preparation graduates
taking the New York State Teacher Certification
Exam passed during the past three years. Two Siena
teacher preparation program alumni were named
New York State Teachers of the Year in the past
Wve years.
Seven new courses were approved in the past year
helping to keep Siena’s curriculum relevant. With 30
majors and approximately 40 minors, Siena’s 3,000
students have enviable Xexibility and support in
shaping a personalized education.

Rachel E. Sterne-Marr, Ph.D.
Mahmood Karimi-Hakak, M.F.A.
Kevin Kittredge, Ph.D.
James Matthews, M.A., M.S.
Cheryl Buff, Ph.D.
11
Siena 2009
President’s Report
FACULTY ACHIEVEMENT
The academic excellence of numerous faculty
was recognized for outstanding achievement
during the 2009 academic year:
Charles R. Trainor, Ph.D.
Professor of English
The Jerome Walton Excellence in Teaching Award
Joshua B. Diamond, Ph.D.
Professor of Physics
The Matthew T. Conlin O.F.M. Distinguished Service Award
Rachel E. Sterne-Marr, Ph.D.
Professor of Biology
The Raymond Kennedy Excellence in Scholarship Award
Andrea Smith-Hunter, Ph.D.
Associate Professor of Marketing and Management and Hickey Chair in Business
Appointed to the White House Council on Women and Girls
Duane Matcha, Ph.D.
Professor of Sociology
Fulbright Scholar Award for study at the University of Vilnius, Lithuania
Mahmood Karimi-Hakak, M.F.A.
Professor of Creative Arts
Fulbright Scholar Award for study at the University of Tel Aviv
James Matthews, M.A., M.S.
Professor of Mathematics and Computer Science
Inaugural inductee into the New York State Mathematics Educators
Hall of Fame
Kevin Kittredge, Ph.D.
Associate Professor of Chemistry and Biochemistry
National Science Foundation Early Career Award
Allan Weatherwax, Ph.D.
Professor of Physics
Named to the National Academy of Sciences, Polar Research Board
Cheryl Buff, Ph.D.
Associate Professor of Marketing and Management
Hormel Foods Meritorious Teaching Award/Marketing
Management Association
 Siena 2009
President’s Report 12
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President’s Report
School of liberal arts
INFUSED MULTIDISCIPLINARY EMPOWERING

A significant component of each Siena student’s The school’s 14 majors were enhanced this year
education is the synthesis of liberal and practical with three new courses. Environmental Studies, an
learning. Siena’s approach to infusing liberal arts interdisciplinary major, is supported by cross-
across the curriculum provides individuals with appointed faculty from philosophy, political science
broad knowledge and transferable skills. These are and sociology. To further embed a sense of respon-
reinforced by Franciscan values, which cultivates sibility and service to others, faculty are redesigning
social responsibility and a strong sense of ethics. courses to include service learning components that
The results are an enhanced ability to understand link the classroom experience to other campus
an interconnected world, solve problems and make resources. These include the nationally-recognized
informed decisions. Students are empowered to Bonner Leaders Program and the AmeriCorps VISTA
do something valuable with what they know. Fellows community service program. During the year
As the bedrock of an undergraduate education, the number of VISTA Fellows increased from four HELPING STUDENTS FIND
THEIR WAY
liberal arts played an integral role in advancing to 15. They serve as the link between students and
Siena’s liberal arts vitality provides
academic excellence, scholarship and service learning several Capital Region service organizations. students flexibility in both broad-
in 2008-2009. The school added Wve new faculty As a leading advocate for using a liberal arts based learning and in making
members. The faculty published seven books, along education to solve contemporary problems, Siena choices. Leah Antil began her Siena
with numerous articles, exhibits and conference College is a member of the Campus Action experience as a biology major.
presentations. Topics ranged from the constitu- Committee for LEAP—Liberal Education and A student/faculty project to help
restore a Jewish cemetery in
tionality of military tribunals to translations of America’s Promise, an initiative of the Association
Belarus sparked a new interest:
Persian poetry. of American colleges and Universities. Russian culture. Leah had the
support at Siena to change to a
psychology major, take Russian
classes and study abroad in
St. Petersburg. Leah was selected
as one of 70 students from 30,000
applicants for summer study in
an immersion program at the
Astrakhan State University in
Russia, sponsored by the U.S. State
Department. Leah will pursue a
master’s degree in a two-year
intercultural service leadership
program, including a year-long
practicum in Minsk, at the School
Sociology student Blake Kush ’09’s research on the negative media portrayals of inner-city youths examined policy of International Training World
challenges that they must battle. Blake’s direct engagement in the community put him in front of a new network of Learning Institute.
people and led to his full-time position at the Albany Community Action Partnership.
 14
Siena 2009
President’s Report

School of science
HANDS-ON INQUIRY RIGOR MOMENTUM

SCIENCE STUDENT SUCCESSES Siena College’s School of Science programs are Kevin Kittredge, Ph.D., associate professor of
The exposure of Siena science students
high-quality, high-touch examples of student chemistry and biochemistry and recent NSF Early
to innovative teaching, liberal arts engagement in the learning process. Science Career Award winner, prepares sensors to better
perspective and sophisticated
faculty at Siena love to teach. In our lab-intensive understand their physical characteristics, and uses
research has produced results:
curriculum, they create stimulating and challenging thin Wlms that contain pigments as semi-transparent
Justin Malinowski ’09 chemistry opportunities that extend students’ hands-on coatings for use in the preservation of works of art.
major, graduated early and was
experience. Undergraduate research is Xourishing The Siena College Summer Scholars Research
hired as a technician for and
mentored by Kevin Kittredge, Ph.D. at Siena. It is driven by credentialed faculty who program and externally funded grants are support-
Justin’s research has been published collaborate with and encourage students to be ing a wide spectrum of research by 11 School of
and he is attending graduate school involved directly in their research projects. Access Science faculty and 31 students.
at the University of North Carolina. to instrumentation, Siena’s small class sizes and a Siena’s momentum has propelled the science
Adam Finkel ’09 biology major, growing success in earning research grants validate program into a position of leadership among
worked with Nancy Elliott, Ph.D. on the “investment quality” of Siena science. The out- comparable and aspirant institutions. Across the
a tropical biology project involving comes are notable. Undergraduates have experiences School of Science, students and faculty are receiving
plant life in the Bahamas and was formerly limited to graduate schools, the course honors and participating in national and interna-
awarded a government grant to
content stays fresh and students develop technical, tional programs focused on the advancement of
continue the study.
communication and teamwork skills. Students science and science education. Dean Karen Quaal,
Patti Carroll ’09 physics major and co-author in peer-reviewed publications, present Ph.D., Allan Weatherwax, Ph.D., Rose Finn, Ph.D.
Clare Boothe Luce Scholar, studied
at national conferences and apply their experiences and Rachel Sterne-Marr, Ph.D. are spearheading
for two years under Rose Finn, Ph.D.
Patti was published and has accepted to further study at the graduate school level. a National Science Foundation grant in support
a full tuition award and research Jon Bannon, Ph.D., assistant professor of of Educating Scientists for Tech Valley. The grant
stipend to pursue a Ph.D. in mathematics, was invited to Vanderbilt University encourages undergraduate study in Science,
Astronomy at the University of and UCLA to discuss his research using Von Technology, Engineering and Mathematics for
Washington. Neumann algebras for quantum mechanics. careers in the growth areas of biotechnology,
Jason Soohoo ’09, triple major in The universities’ overall goal is to understand nanotechnology and information technology.
physics, mathematics and computer the structure of these algebras and determine how
science, collaborated on research in many possible “quantum universes” there can be.
quantum chemistry, spent a summer
at the University of Vienna and
is working on his Ph.D. at the
University of Waterloo in Canada.
Allycia Barbera ’10 and Amanda
Paske ’10 chemistry majors, are
working with Daniel Moriarty, Ph.D. With the help of students, Allan Weatherwax, Ph.D., professor of physics and associate dean of science is building a
on protein characterization and satellite on the Siena campus that will explore lightning’s link to terrestrial gamma ray flashes in the earth’s upper
with Jodi O’Donnell, Ph.D. on the atmosphere. Funded by the National Science Foundation (NSF), the overarching goal of the CubeSat program is to
synthesis of chemical sensors. advance space weather and atmospheric research. The development of the Firefly satellite is a collaborative effort
between the NASA Goddard Space Flight Center and Siena College.
 Siena 2009
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President’s Report
 Siena 2009
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Siena 2009
President’s Report
School of Business
PERSPECTIVE SKILL LEADERSHIP

If you were to visit an organization on the Wrst day
freshly-graduated hires arrive, it would be quite easy
to spot the Siena alumni. They are the ones who
don’t look lost. Siena School of Business students
have many good reasons to be confident. Their
education integrated the theoretical and the practical,
with the thoughtful and the analytical. Their
experiential learning gave them access to the same
resources, tools and technologies that power the
engines of global commerce. Business students
interact and collaborate on research projects with
accomplished faculty with real-world experience,
and intern in organizations recognized as industry
leaders. Our graduates “hit the ground running”
and quickly ascend to leadership roles in business,
government, education, healthcare and not-for-
profit organizations.
Siena’s School of Business is accredited by the
Association to Advance Collegiate Schools of
Business, a distinction earned by only eight percent
of undergraduate-only programs. Siena’s AACSB-
accredited environment meets the highest standards
for business programs worldwide.
The Siena School of Business faculty continues
to grow in number and reputation. From 32 faculty
ten years ago, today the full-time teaching and
scholarly team has grown to 52, including four in
the past year. They collaborate with students in the
classroom, as well as on research and community
projects. With faculty mentorship, guidance and
encouragement, our students competed and placed
in: the Price Chopper Innovation Conference
competition, the Federal Reserve Challenge, the
Students in Free Enterprise regional competition,
the Capital Region Enterprise and Economic
Development Community Fellow program and
the American Marketing Association Student
Marketer of the Year competition. They published
research studies on topics including college students
and credit card debt, Internet commerce, work
ethic, management effectiveness, counterfeit
products, environmental economics and strategic
decision making.
To meet the requirements of a new state regulation
requiring CPA candidates to complete Wve years of
full-time education, the Siena School of Business
launched a new Master of Science in Accounting
program. Siena accounting students can now remain
with Siena’s faculty and the excellence they know
and respect, rather than leaving for another school.
A B.S. degree in Actuarial Science and a certifi-
cate program in Risk Management were also added
to the curriculum to meet increasing demands for
professionals in the marketplace.

The resources in the Siena School of Business’s Douglas T. Hickey Financial Technology Center encompass two special areas: The William R. Raub ’85
Market Trading Room and the Guy ’54 and Dorthea Alonge Accounting Lab. Within that setting, the student-managed David E. Bjorklund Investment
Fund operates as part of a finance class led by Eric Girard, Ph.D., professor of finance and director of the Center for Global Financial Studies.
Established with real dollars, including a $100,000 gift from David’s brother Ron ’85—it operates much like a typical hedge fund. The student-
managed fund has outperformed the S&P 500 by more than 20 percent over the past three years.
 18
Siena 2009
President’s Report
A STORY OF GROWTH 2
In just a few short years, spon-
sored research at Siena College
has grown exponentially. In 2009
total award dollars increased
33 percent. Hundreds of students
across three schools are the direct
beneficiaries of hands-on, faculty-
guided undergraduate research.
The experience expands classroom
learning, critical thinking and
problem solving to give them a
head start to enter the workplace
or graduate study.
AWARD TOTAL
6.0 m
5.0 m
4.0 m
3.0 m
2.0 m
1.0 m
0.0 m
06-07 07-08
undergraduate Research
COLLABORATIVE VALIDATING EXPANDING
Curiosity is at the core of learning. Scholarly
interest in discovering what’s new and how to make
something better is the driver that encourages
pursuit of ideas and innovations. It is what deWnes
state-of-the-art. As seen throughout the report
on Siena College’s schools, research has become a
high-value extension of the curriculum. Most Siena
College research grants include students as primary
participants in the projects. The impact on campus
is far-reaching.
The Office of Government and Foundation
Relations works closely with faculty to identify and
apply for grants. In 2008-2009 their efforts were
successful in generating more than $1 million in
new funding from the National Science Foundation,
NASA, the Jet Propulsion Laboratory/CalTech, the
Merck Institute and the Henry Luce Foundation.
Siena is also an active member of the national
Council on Undergraduate Research.
In the past year, examples of Siena students’
research successes were demonstrated in such forums
as participants in the NSF Research Experience for
Undergraduates at universities in Europe and the
U.S.; selection from 400 entrants for presentations on
Capitol Hill; biodiversity study in South Africa; and
08-09 presentations at the American Chemical Society, Keck
Northeast Astronomy Consortium and Planetary
Science meetings.
Sociology student Diane Carvagno presented a
paper at the New York State Sociological Association’s
56th Annual Meeting. The paper is the culmination of
her Research Methods project studying Siena student
attitudes toward radio censorship.
In the School of Business, in addition to the hands-
on experiences students have in the Hickey Financial
Technology Center, the Market Research Lab impacts
student study with a complement of analytical tools
and databases. Combined with the Siena Research
Institute’s call center capability, this brings real-world,
real-time resources to students.
Funded by a multi-year grant from the Merck/
American Academy for the Advancement of Science
Undergraduate Science Research Program, each
summer, two chemistry and two biology students
combine their knowledge and work jointly on projects.
Coordinated by Dan Moriarty, Ph.D., associate
professor of chemistry, and Chris Harbison, Ph.D.,
assistant professor of biology, the program focuses
on interdisciplinary collaboration in the laboratory.
The Siena Summer Scholars Program promotes
inquiry and creativity by supporting scholarly
activity in which faculty and undergraduate students
collaborate. It fosters exploration and discovery
by providing opportunities to design and conduct
original research with real outcomes. Likewise, the
Summer Legal Fellows component of the Pre-Law
program places qualified undergraduate students
in a variety of prestigious law schools for six weeks.
This program is the only one of its kind in the
nation. Under the direct supervision of a law
professor, Fellows undertake original legal research
alongside second and third year law students. The
law school sponsors have published Siena students’
work, which provided the basis for legal action
in state and federal jurisdictions.
The trajectory of research awards and results
at Siena College is the ultimate assessment and
validates the quality and relevance of our programs.
As success breeds success, it is a powerful magnet to
help attract more high-quality faculty and students.
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President’s Report
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Siena 2009
President’s Report
A DAY OF LIVING HISTORY
The Center for Revolutionary Era
Studies (CRES) continued to
develop its relationship with the
Historic Saratoga/Washington-on-
the-Hudson Partnership. Jennifer
Dorsey, Ph.D., associate professor
of history, became the Center’s
first Director in September 2008.
CRES connects the campus in multi-
ple ways by building appreciation
for events and ideals behind the
struggle for American independ-
ence, academic programming for
Certificate students and community
outreach.
As an example, on a blustery
day in April, the Siena College
History Club and the Center for
Revolutionary Era Studies presented
“From the Front Lines to the Front
Lawn: A Day of Living History” on
the green in front of Siena College.
Representing the Revolutionary
War, Civil War and Modern War
eras, student re-enactors and the
ROTC established an encampment
and demonstrated clothing, foods,
weapons and military exercises to
the campus community and more
than 165 visitors.
STUDENT LIFE
ENVIRONMENT SUPPORT BALANCE
From the residences to the athletic fields, from more
than 60 clubs to hundreds of events, student life at
Siena College is extensive and energetic. It extends
beyond the classroom, textbooks and labs. Its lessons
are woven with Franciscan values in learning about
life and living. The center of this robust community is
the division of Student Affairs. The division manages
the full range of student life activities including
residential life, student conduct, student services,
health, counseling and wellness, multicultural affairs,
campus events, the Sarazen Student Union, public
safety, emergency response and planning and
dining services. Student Affairs is also the students’
key advocate on campus.
Siena’s Social Norms Campaign provides students
with accurate feedback on the attitudes, behaviors
and beliefs of their peers in such areas as alcohol
consumption and other high risk behaviors. As a
result of using real data and increased education
and outreach, misperceptions, high risk driving,
drinking consumption and drinking frequency have
been reduced over the past three years.
During the year, Student Affairs instituted enhance-
ments to further effectiveness in student advocacy
and demonstrate an appreciation for differences,
teamwork and respect for religious, spiritual beliefs
and practices. Public Safety and Campus Programs
measures are being refined to align better with
benchmarks and enhance information that aids
decision making. The role of the Office of Public Safety
on the Siena campus cannot be overstated. Public
Safety’s professionalism was enhanced last year by
working toward its goal of being received as a high-
quality, customer-friendly student service.
In keeping with best practices in higher education
student life, Student Affairs monitored student
engagement and learning performance indicators
through the National Survey of Student Engagement,
the Association of College and University Housing
Officers, Noel-Levitz Student Satisfaction Survey and
the Health Survey to identify areas of accomplish-
ment and opportunity.
The Office of Residential life provides more than
an outstanding housing program at Siena. Student
resident assistants are trained as leaders through a
Franciscan lens in recognizing students who may
need personal or academic assistance. The office
conducted a workshop, “Future Leaders in Student
Affairs” for student leaders to explore career
opportunities in higher education. The office
supported close to 400 educational and social
programs with a cumulative total of more than
8,000 students participating.
Athletics plays a key role in defining the energy
and spirit of the Siena campus and 2008-2009
marked one of the most exciting years in Siena’s
athletic history. Our men’s basketball team, women’s
volleyball team, women’s golf team and men’s
lacrosse team all won MAAC Championships, high-
lighting a year in which great strides were made.
Men’s basketball again had a historic season,
posting a program record 27 wins capped off with a
victory over Ohio State and a near-miss against top
overall seed Louisville in the NCAA Tournament. For
women’s volleyball, it was a record fourth straight
trip to the NCAA Tournament, while our upstart men’s
lacrosse team made the Field of 16 for the first time in
program history. We saw dramatic improvement in
athletic success across the board, evidenced by our
second place finish in the MAAC Commissioner’s Cup
for men’s sports and our fourth place overall finish.
Our student-athletes continue to excel in the class-
room. Our most recent Graduation Success Rate
(GSR) of 94% tied for the sixth highest rate in the
nation. Thirteen of our 18 programs own cumulative
grade point averages over 3.0 and 90 student-
athletes (35% of those eligible) were named to their
conference honor rolls. Siena’s athletic achievements
led to great national exposure for the College, and
our student-athletes continued to make headlines
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President’s Report
 Siena 2009
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Siena 2009
President’s Report
while exemplifying Siena’s founding Franciscan
values. Siena plays club men’s hockey and its team
ranked third in the nation among club hockey with
a 28-6-2 record. They were the Super East College
Hockey League Champions for the second consecu-
tive year. They returned to the American College
Hockey Association Division II national tournament
final four.
At a time when many colleges are seeing declines
in recruiting on campus, the Siena College Career
Center continued to provide connections and counsel
to students and alumni. There were more than 1,000
career counseling appointments, including nearly 200
with alumni. Thanks to the efforts of Brian West ’91,
Nielsen Company CFO, the company recruited on
campus for the first time and hired two students for
their prestigious Financial Leadership Program.
Other new recruiters on campus represented
Wojescki & Company CPAs, Marks Paneth & Shron
LLP, JP Morgan Chase Bank and Walgreens. Verizon
Wireless was also new to Siena for recruiting and
was the title sponsor for the Siena Career and
Internship Fair. Four-hundred-thirty-two students,
26 percent more than 2008, attended and also
66 organizations (a six percent increase).
Celebrating its five-year anniversary, the Sister
Thea Bowman Center for Women received a
$15,000 grant from State Farm Insurance to host
Girls Take Charge leadership workshops for local
area high school girls. The Women’s Center was
instrumental in establishing the Franciscan Values
Student Lounge in Hennepin Hall featuring fair-
traded and eco-friendly furnishings.
Reflecting Siena’s national involvement and
leadership in Student Affairs, Vice President
Maryellen Gilroy, Ed.D. was elected chair of the
board of directors for the Association for Student
Affairs at Catholic Colleges and Universities. In July,
Siena hosted 178 Student Affairs administrators from
46 Catholic colleges at their national conference.
 24
Siena 2009
President’s Report

THE CLASS OF 2013

The profile of approximately 800
incoming Siena freshmen continues
to increase in diversity, geographic
origins and academic achievement.

40%
Increase in Presidential Scholars
(most highly qualified academi-
cally) in the past four years

28%
Freshmen ranked in the top
10 percent of their high school
class. More than three-quarters of
the incoming students rank in the
top one-third of their class

9
Point increase in overall student
SAT scores for the incoming class

97
Number of legacy students
(daughters, sons, siblings)

15%
Student ethnic diversity

23%
Students from outside New York
state (up from 7 percent)

ENROLLMENT
FLEXIBILITY CHOICES RELATIONSHIPS
Every student experience at Siena starts with
Enrollment Management. It is a process of individual
and relational contact. Today, those contact points
are many—not just college fairs and brochure mail-
ings, but the Internet, social media and a student’s
ability to browse their choices almost without limit.
Fortunately, at Siena virtually everyone is involved
in the recruiting process that builds each new class.
With one of the highest retention rates in the country
(88 percent), Siena students are among our best
ambassadors. With their proactive involvement
across campus, our faculty are also an important
reference for prospective students. Following a
philosophy of “Be with the people,” the Enrollment
Management group reaches out and connects
with prospects where they are—online.
During 2009, Enrollment Management undertook
the creation of a new, comprehensive RU SIENA
(www.rusiena.com) site. Prospective students and
parents can quickly access details on the College,
student blogs, Facebook groups, a virtual tour,
a video on financial aid, instant messaging, a
photo album and updated descriptions on all
academic programs.
25
Siena 2009
President’s Report
Enrollment Management’s efforts resulted in
increases in inquiries, campus visits and applications
as well as a decrease in the percentage of students
admitted. Siena received 7,282 applications for
freshman admission; we admitted 3,889 and 784
enrolled. At a time when achieving admission goals
was quite difficult for most institutions, Siena “made”
its class for the 2009-2010 year. The incoming
class metrics show progress on Siena’s continuous
improvement of the student profile. With Siena’s
extensive curricular choices those students will
custom tailor their own future.
Most students are surprised when they first discover
how much Siena has to offer. Most parents are
surprised when they first discover Siena’s affordability.
Both are satisfied by Siena’s value and how we help
students make a strong start and how the support
they receive while here results in a strong finish.
U.S. News & World Report includes Siena in their
list of schools with the highest graduation rates.
According to the National Center for Higher
Education Management Systems, 55 percent of U.S.
college students graduate within six years, while
72 percent of Siena students graduate in four years.
 26
Siena 2009
President’s Report
SIENA DÉJÀ VU
Siena students enjoy a wide range
of support and options in shaping
their education. Elizabeth Brookins
Danz graduated from Siena College
in 2004 with a B.S. in biochemistry
and was active in undergraduate
research, as well as a President’s
List student. Dr. Danz earned a
Ph.D. in cardiovascular sciences
from Albany Medical College. She
has joined the full-time faculty at
Siena as a visiting member to
explore a semester of teaching.
In fact, the current Siena full-time
faculty includes 24 Siena alumni
who have returned to carry on the
traditions of excellence with new
generations of students.
FACULTY AND STAFF
COMMITMENT ENGAGEMENT ACHIEVEMENT
If students are the heart of a college, faculty
and staff are its soul. At Siena, scholarship and
achievement blend seamlessly with Franciscan
values because the faculty and staff walk the talk.
Siena’s concept of community is much more than
an organizational description. It is the cohesive way
the college’s faculty and staff operate. Some people
work together; Siena people serve together. There
is a rich tradition in how learning, work and life
are connected.
Throughout Siena’s classrooms, laboratories,
facilities, programs and activities, the spirit is
welcoming and nurturing. It’s seen in the way
Raj Devasagayam, Ph.D., associate professor of
marketing and management, uses ethics as the
integrative lens to evaluate business decisions.
His students learn to not just be interested in the
‘right’ solution, but in the ‘good’ solution. It’s how
Ted von Hippel, Ph.D., assistant professor of physics,
organized regular sky observations for physics
students in the parking lot near the maintenance
building. This has provided observing experience
and projects for nearly 300 students. Rose Finn,
Ph.D., is the first woman to teach physics at Siena.
Her work in physics, astronomy and teacher training
is receiving notice within the science community.
Her dedication, passion and style are helping to
interest more women in Siena’s School of Science.
The expertise of Siena faculty is sought after and
acknowledged by organizations off-campus. Since
the publication of his book, Developments in the
National Security Policy of the United States Since
9/11, Len Cutler, Ph.D., professor of political science
and pre-law advisor, has been tapped as an expert
by the U.S. Department of Justice’s Office of Legal
Counsel to comment on issues facing the new admin-
istration, including torture, rendition and the closure
of Guantanamo Bay. Dr. Cutler was asked to testify
to the Subcommittee on the Constitution of the
Senate Judiciary Committee.
Ed LaRow, Ph.D., professor of biology, oversees
Siena’s 12 cooperative programs in medicine,
dentistry, optometry and podiatry. He has spent
26 years assisting students to achieve their health
professions goals. Albany Medical College
awarded him an honorary doctorate to recognize
his work in the development and direction of the
Siena/Albany Medical College Science, Humanities
and Medicine Program from which nearly 200 stu-
dents have earned their degrees. Major Matthew
Chambers, a member of the Siena faculty in military
science, was awarded the Colonel Leo A. Codd
Memorial Award for Outstanding National Instructor
of the Year for Army ROTC. Donna McIntosh,
M.S.W., professor of social work, was awarded
Teacher of the Year by the New York State Social
Work Education Association.
Adding to the Siena culture are new faces and
functions to expand the College’s effectiveness:
To provide guidance regarding evidence-based
decision-making and continuous improvement to the
College, as well as to maintain an ongoing relation-
ship with the Middle States Commission on Higher
Education accreditation organization, the Office of
Institutional Effectiveness was established. Penelope
Brunner, Ed.D. was appointed as associate vice
 27

Siena 2009
President’s Report
ANDREA SMITH-HUNTER, Ph.D.
Associate Professor of Marketing and Management and Hickey Chair in Business
is an author, researcher and much requested national speaker on the topic of
women entrepreneurs across racial lines. She also has been appointed to the
White House Council on Women and Girls.

president for Academic Affairs--Planning. Prior to

Siena, Dr. Brunner was a faculty member at the
University of North Carolina Asheville and interna-
tional consultant in education effectiveness, assess-
ment and learning assurance.
To expand the College’s outreach to all of its
audiences, marketing communications and media
relations staffs were brought together in the new
and expanded Office of Strategic Communications
and Integrated Marketing under the leadership of
Delcy Fox. Ms. Fox joins Siena with significant
experience in higher education, including her most
recent post as Director of Marketing at Rensselaer
Polytechnic Institute.
The Campus Ministry and continued enhancement
of the College’s Franciscan and Catholic mission have
been put in the capable hands of Fr. Gregory
Jakubowicz, O.F.M., College Chaplain. Fr. Gregory
comes to Siena with a rich blend of law, business, edu-
cation and pastoral experience, most recently as chief
operating officer at Washington Theological Union.
The Office of Enrollment Management plays a
critical and demanding role in keeping Siena at the
forefront of attracting and retaining students in both
numbers and quality. For 22 years, Ned Jones has
progressively moved up within the Enrollment organi-
zation holding numerous positions of increasing
responsibility. In 2009, after a national search,
Mr. Jones was named Vice President for Enrollment
Management. In his first official year in the position,
he led the department in exceeding Siena’s enroll-
ment goals despite the troubling economy.
 28
Siena 2009
President’s Report

OVERALL, THE YEAR’S

RECYCLING ACHIEVEMENTS
are impressive (and very
Franciscan and planet-friendly)
According to figures released in
January 2009, Siena:
RECYCLED enough paper to save
27,000,000 sheets of newspaper
(saving 2,200 mature trees from
being cut down)
CREATED enough landfill space for
the disposal needs of 1,000 people SIENA GETS EVEN GREENER
for one year Stewardship of our resources is a key component of both Siena’s mission and its vision. During
SAVED 907,000 gallons of water the 2009 school year, based on input from the campus community, a new recycling system was
(would meet the fresh drinking launched by the Facilities department. A new set of labeled receptacle baskets and bins were
water needs of 403 people on a distributed to students, faculty and staff and Residential Life promoted increased awareness
monthly basis) for recycling. As a result, the campus can now recycle a long list of materials made from paper,
plastic, glass and metal.
SAVED enough gas to drive
86,800 miles in a 28 mpg vehicle
COLLECTED 20 pallets worth of
end-of-life electronic equipment for
Pedestrian walkway 33 Fiddlers Lane
recycling (e-waste contains many
toxic substances, including lead,
mercury, cadmium and brominated
flame retardants)

New residence hall


FACILITIES AND INFRASTRUCTURE
ENVIRONMENT TECHNOLOGY SUSTAINABILITY
To people driving by Siena College on Route 9, the
campus may not seem to have changed much over
the years. In fact, it is now a 174-acre, park-like
campus. It includes educational and recreational
facilities, residence halls, townhouses and state-of-
the-art technologies to create an enjoyable, safe
and secure environment.
Research shows that a residential campus is
closely linked to student engagement, retention and
likelihood to graduate. The combination of residence
hall suites and townhouses at Siena offers students
comfort and amenities in their homes away from
home. During 2008-2009, the offices of Residential
Life and Facilities Management collaborated with
students on ongoing enhancements to campus
housing. These included the redesign and renovation
of five townhouse units at MacCloskey Square.
Work was begun on renovating an additional
six townhouse units.
In an ongoing effort to improve and expand
housing and dining for the existing student body
by providing comfortable living spaces, Siena has
announced plans to develop a new 264-bed resi-
dence hall with a dining facility near Colbeth Hall.
With the support of the Board of Trustees and
pending approval from the Town of Colonie
Planning Board, the hall’s construction is scheduled
to start in November of 2009. The facility plan has
been shared with the neighboring homeowners and
is expected to be ready for occupancy in
September 2010.
To continually meet the needs of the campus
community, the past year’s facilities improvements
included: renovations to offices in Siena Hall and
Fr. Ben Kuhn House; adding a high-technology
29
Siena 2009
President’s Report
interactive classroom in Siena Hall; renovation
of 33 Fiddlers Lane to provide much needed meeting
facilities and offices for Development and External
Affairs; and improvements in the Technology
Services offices.
Looking out most any window on campus, it is
easy to see ongoing grounds and landscaping
enhancements. During 2008-2009 a study circle was
added in front of Foy Hall and a beautiful pedes-
trian walkway and retaining wall were added in
front of Roger Bacon Hall.
Keeping up with technology is always a priority on
a college campus to ensure that students are at the
leading edge as technology users. In the past year,
Siena went wireless in the residences. While this
seems a simple step in these times, it is one that we
undertook with caution to ensure the community could
enjoy the benefits of access with informational security.
Siena College retained the services of SunGard
Higher Education to enhance how we teach, learn,
manage and connect. SunGardhe will provide the
College with technology, Web design and informa-
tion technology management services. SunGardhe
serves 1,600 colleges and universities worldwide in
building resources to support learning communities.
Most readers of this report will be personally
aware of the challenges we face today in our
energy use. Fortunately, the Siena campus commu-
nity has been most cooperative and, in the spirit of
St. Francis, respectful in helping the College manage
our energy resources. Among 300 colleges and
universities across the U.S., Siena has been cited
as a best practice school in its per square footage
consumption of energy.
 30
Siena 2009
President’s Report
DEVELOPMENT
CONNECTING BUILDING GIVING
The Office of Development and External Affairs is
dedicated to helping alumni, parents and friends
of Siena in turning their wishes, dreams and goals
for the College into realities. While Siena relies on
student tuition as a primary source for operating
revenue, philanthropic gifts are a critical source
as well. This source is becoming more essential as
the College grows and maintains its special position
in higher education.
Every Siena constituency has its own reasons
as to why support for the College is a priority.
For some, it’s giving back or enhancing the quality
of education. For others it is a desire to feel a part
of something bigger. For many there are estate
and tax planning benefits. Development at Siena
provides a variety of opportunities to help donors
maximize the impact of their gifts. Development
and External Affairs is Siena’s primary contact
point for our 28,000 living alumni.
One of the most popular and valued ways that
individuals and organizations select to make a
major gift is to establish a named endowed
scholarship. Currently, there are 206 named
scholarships. In 2008-2009, 14 new scholarships
were generously created by individuals, families
and several Siena Reunion classes. We know
from experience that if all donors could talk to
the student recipients of this philanthropy they would
see how their generosity is making a difference in
students’ lives.
Siena students themselves play a key role in
raising money for the Annual Fund by their
participation in the phonathon program. Last year,
they were responsible for generating $300,000
(17 percent) of the Annual Fund’s total contributions
of $1.75 million.
Overall, through the multitude of ways to give—
cash, stock, real estate, annuities, matching gifts,
bequests—Siena’s more than 6,000 donor contribu-
tions totaled nearly $4.7 million. Of that total,
54 percent were alumni donations.
In a study of alumni representing four decades,
the Office of Development conducted interviews
to learn more about alumni’s knowledge and
perceptions of the College. It is reassuring to know
that our graduates feel very positive, loyal and even
indebted to Siena. They have confidence in the
College’s stewardship of its resources and its ability
to succeed. We also learned there is a need to
increase our communication efforts to build aware-
ness of Siena’s advances, challenges and urgencies.
This report is one important step in that process.
 31

Siena 2009
President’s Report
CLASS PROJECTS
Several Siena classes commemo-
rated milestone Reunions by estab-
lishing scholarships or supporting the
Annual Fund.

’44
65th Reunion—50% of the class
donated to the Annual Fund

’54
55th Reunion—Donated $70,000
for scholarships, $28,548 for the
Annual Fund, $21,490 for Athletics

’59
50th Reunion—Donated $26,490
for scholarships, $23,830 for the
Annual Fund, $3,380 for academic
programs

’69
40th Reunion—Two individual
scholarship donors provided
$31,500 and the class gave
$36,224 to the Annual Fund plus
$6,500 to academic programs

’79
30th Reunion—$1,500,000 in total
donated to Siena to date, including
$600,000 in endowed scholarship
support. In 2009, the class raised
over $150,000. Thirty class
members joined the Annual Fund
President’s Circle and four
enrolled in the St. Francis Society
(gift planning).

’84
25th Reunion—Raised $9,775 for
the Michael Taddonio/Class of ’84
Scholarship, $32,811 to the
Annual Fund, $2,678 to Athletics
 32
Siena 2009
President’s Report

BEYOND THE CAPITAL REGION

The good works of Siena alumni
extend beyond the Capital Region.
One example is John Lannan ’06,
who pitches for the Washington
Nationals major league baseball
team. He has been generous with his
time in trips to visit wounded military
and holiday activities for children in
need. He is a sports ambassador for
the Children’s Inn—a place like home
for sick children and their families—
at the National Institutes of Health.
Recently he established Lannan’s
Cannons, a special section for
25 Children’s Inn residents to enjoy
a Nationals’ game with their
families.

SIENA RESEARCH INSTITUTE

The Siena Research Institute (SRI)
conducts regional, statewide and
national surveys and polls on
business, political, economic, voter,
social, academic and historical issues.
SRI’s results are published in print
and electronic media, scholarly
journals and books. SRI provides
employment and internships for
more than 100 Siena students
each semester.

THE IMPACT OF CARING AND SHARING

The Franciscan Center for Service and Advocacy serves as Siena’s primary vehicle for promoting service to others. In addition to
its place in the curriculum as a minor and a source of student internships, the Center organized, implemented and supported
more than 40 major volunteer programs, events, initiatives and projects during the 2008-2009 year. They included blood drives,
walks and races, service projects, advocacy projects, meals for the needy, tutoring, food pantry, mentoring and voter registration.
The Franciscan Giving Tree event collected well over 1,000 gifts for 651 people. Employees adopted 58 families to bring the
spirit and joy of Christmas to many who would otherwise go without.

COMMUNITY
COMPASSION RESPONSIBILITY SERVICE
At Siena, community is not a place, but a deeply embed-
ded awareness that we all affect one another, particularly
in how we serve the poor and marginalized. It is a phi-
losophy rooted in the Franciscan tradition of service and
informed by the themes of Catholic social thought.
The Siena community extends beyond the campus
and presents a magnitude of people, events and organ-
izations that serve the larger community. Each year,
Siena’s students, faculty, staff and alumni work on proj-
ects that help to improve the quality of life, raise finan-
cial support and make a tangible difference to people
from all walks of life.
Students, faculty and staff raised $17,500, matched
by Prime Companies, and provided hundreds of student
volunteers to work on the Siena Habitat for Humanity
House construction in Albany, N.Y.
Students enrolled in the Organization and Manage-
ment course raised more than $4,600 by staging
numerous events for the benefit of Whitney M. Young
Health Services.
Seniors in the Social Welfare Policy and Services
course completed a policy action project in response
to a state budget proposal blocking grants to run-
away and homeless youth programs. They joined a
statewide effort to stop the proposal and distributed
flyers to 212 legislators at the Capital. Their slogan,
“Build Futures. Don’t Block Them.” was adopted by
the statewide coalition.
Charity Week benefited the Catie Hoch Foundation,
an organization dedicated to helping children in treat-
ment for cancer. Students put together trips, bingo,
auctions, pie throwing and a wine tasting dinner.
Elizabeth Woodward ’12 has spent 600 hours in
volunteer service, teaching horseback riding to the
mentally challenged and was honored as the Region 2
Volunteer of the Year for the North American Riding
for the Handicapped Association.
Through its Saints in the Community program,
student-athletes and coaches make numerous appear-
ances in local classrooms, community centers and
hospitals. They volunteered hundreds of hours to help
non-profit organizations including the American
33
Siena 2009
President’s Report
Cancer Society, Ronald McDonald House and the
Adopt-A-School program.
The Franciscan Center for Service and Advocacy
(FCSA) celebrated its 10th anniversary with a special
ceremony. A scholarship was named for Fr. John Felice,
who, as provincial minister of the Holy Name Province,
provided the initial funds to start the Center. The Province
has given $25,000 to date toward the scholarship. To
mark the occasion of the anniversary, the Province
gave an additional gift of $25,000, which was imme-
diately matched by friends of Fr. John and the Center.
Annual earnings from this newly endowed scholarship
will be given to Siena students who participate in serv-
ice and pursue the Franciscan minor. The FCSA includes
Academic Community Engagement, AmeriCorps VISTA
Fellows, the Bonner Leaders program and the
Mentoring Program, which is over 40 years old. It has
engaged several thousand Siena graduates who have
served as mentors. The Class of 1968, in honor of their
40th Reunion, has raised over $250,000 to support the
Mentoring Program. The FCSA is taking on a much more
active role in the integration of academics, service and
faith. Through FCSA, in-class projects and student clubs,
Siena offers opportunities to serve more than 100 organi-
zations focused on services for the poor and homeless,
crime victim assistance, support for the developmentally
disabled, literacy, environmental, faith-based family, youth
and elderly needs and animal care.
Siena alumni remaining in the Capital District following
graduation have impact on the region. In professions,
education and business they make major contributions to
the local economy. More than 330 local senior level
executives are Siena alumni, as well as partners in the
area’s top 20 CPA firms and top executives at three area
hospitals. More than 300 of the region’s attorneys and
more than 230 of its physicians are Siena graduates.
Two businesses headed by Siena alumni were named
among the Best Places to Work—Alpin Haus and GTM
Payroll Services. Alumni’s sense of giving doesn’t go
away when they leave the campus. Siena graduates
become leaders, volunteers and donors for a full range of
charitable, religious and not-for-profit organizations.
 34
Statements of Financial Position
Siena 2009
President’s Report

MAY 31, 2009 AND 2008

Assets 2009 2008

Cash and cash equivalents $ 3,871,931 2,569,679
Short-term investments 8,207,765 10,274,910
Accounts receivable, net 1,633,009 1,347,086
Accrued investment income 263,278 379,292
Contributions receivable, net 3,320,620 3,915,013
Deposits with bond trustees 7,102,616 7,097,606
Prepaid expenses and other assets 1,868,307 3,553,834
Student loans receivable, net 3,428,940 3,392,255
Investments 110,133,451 144,945,216
Land, buildings and equipment, net 92,463,900 92,432,770
BALANCE, NEED, STABILITY
Total assets $ 232,293,817 269,907,661
Through economic turmoil, growth
in enrollment and faculty, demand Liabilities and Net Assets
for increased services and mainte- Liabilities:
nance, expansion of faculty-student Accounts payable and accrued expenses $ 9,352,279 8,457,455
Deposits and deferred revenues 2,216,878 2,501,275
research, investments in new Annuities payable 1,128,659 1,107,699
facilities and infrastructure and the Postretirement benefits 6,312,854 6,102,175
pressures to maintain affordability Federal student loan funds 3,058,398 3,018,503
Asset retirement obligation 3,291,405 3,164,808
and value, Siena College has Long-term debt 45,902,023 48,915,680
demonstrated the strength of its Total liabilities 71,262,496 73,267,595
foundation, the discipline to balance
budgets and an ability to think and Net assets:
Unrestricted:
act progressively. Invested in property, plant and equipment from:
College funds 53,661,808 50,630,255
Moody’s Investors Service has Government appropriations 57,495 64,814
reaffirmed Siena College’s A3 debt Gifts and others 463,750 469,426
rating and rendered the opinion 54,183,053 51,164,495
that the outlook is stable.
Undesignated 18,184,267 26,329,789
By most measures, the Siena Designated by external contracts:
approach to financial stewardship Debt service and related escrows 6,174,839 6,868,108
Planned giving annuity reserves 696,826 743,224
is conservative and positions the
College to withstand its challenges. 6,871,665 7,611,332
Designated by Board of Trustees:
At the same time, we are proud Capital projects and equipment 25,060,074 36,901,729
to report that Siena ranks very Long-term investments and growth 7,869,261 12,065,224
competitively with comparable Program support 593,021 830,172
institutions in areas such as faculty 33,552,356 49,797,125
compensation, preservation of Total unrestricted 112,761,341 134,902,741
endowment and investment in Temporarily restricted 3,703,935 3,893,615
new technology. Permanently restricted:
Financial aid 36,277,475 48,262,057
Academic and student services programs 5,184,952 6,362,965
Faculty chairs 1,334,928 1,796, 121
Facilities 1,768,690 1,422,567
Total permanently restricted 44,566,045 57,843,710
Total net assets 161,031,321 196,640,066
Total liabilities and net assets $ 232,293,817 269,907,661

FRANCISCAN VALUES IN ACTION Recognizing the potential and real impact of the economic crisis and its associated difficulties on Siena families,
Fr. Kevin Mullen, Development and External Affairs and Financial Aid took important action to identify and assist students so that they could main-
tain their place in the Siena family. In the same spirit of Franciscan giving, long-time friend of Siena, St. Bernadine Medal honoree and generous
donor Phyllis Dake stepped in to establish the Dake Scholarship with a focus on supporting students who have experienced a change in their finan-
cial circumstances during the academic year. The shared values and collaboration of Siena’s many benefactors provide continued inspiration and are
invaluable in complementing the College’s continued ability to support our students.
 35
Statement of activities

Siena 2009
President’s Report
YEAR ENDED MAY 31, 2009
(With summarized information for the year ended May 31, 2008)

Unrestricted Temporarily Permanently 2009 Total 2008 Total

restricted restricted

Operating revenues:
Tuition, fees, room, and board $ 97,555,076 97,555,076 89,718,457
Less financial aid $ 27,945,199 27,945,199 25,633,870
Net tuition, fees, room, and board 69,609,877 69,609,877 64,084,857

Government grants and contributions 1,419,792 210,624 1,630,416 1,203,647

Private gifts and grants 2,742,087 131,093 2,873,180 2,685,700
Investment returns designated for current operations 6,061,909 6,061,909 5,561,054
Other sources 3,895,462 3,895,462 3,805,101
Net assets released from restrictions 267,847 [267,847]
Total operating revenues 83,996,974 73,870 84,070,844 77,340,089

Operating expenses:
Instruction 35,838,801 35,838,801 33,322,160
General administration 6,253,613 6,253,613 4,855,345
Student services 15,473,264 15,473,264 14,888,135
Institutional support 8,618,132 8,618,132 7,136,792
Auxiliaries 17,705,169 17,705,169 16,470,671
Other 101,973 101,973 105,216
Total operating expenses 83,990,952 83,990,952 76,778,319
Increase in net assets from
operating activities 6,022 73,870 79,892 561,770

Nonoperating activities:
Investment return, net of amounts
designated for operations [22,074,571] [132,855] [14,144,388] [36,351,814] 976,342
Contributions 44,079 92,550 795,961 932,590 1,910,451
Actuarial gain [loss] on annuity obligations 5,294 [7,408] [2,114] 24,899
Other-fundraising expense [267,299] [267,299]
Net assets released from restrictions and
changes in donor intent 150,369 [228,539] 78,170
[Decrease] increase in net assets from
nonoperating activities [22, 147,422] [263,550] [13,277,665] [35,688,637] 2,911,692
[Decrease] increase in net assets before
effect of adoption of sfas No. 158 [22, 141,400] [189,680] [13,277,665] [35,608,745] 3,473,462
Effect of adoption of sfas No. 158 659,046
Net [decrease] increase in net assets [22, 141,400] [189,680] [13,277,665] [35,608,745] 4,132,508
Net assets at beginning of year 134,902,741 3,893,615 57,843,710 196,640,066 192,507,558
Net assets at end of year $ 112,761,341 3,703,935 44,566,045 161,031,321 196,640,066

Operating Revenues Operating Expenditures

Net Tuition Fees Room & Board 83% Instruction 37%

Investment Returns 7% Student Services 15%
Other Revenues 5% Auxiliaries 13%
Private Gifts & Grants 3% Institutional Support 10%
Government Grants & Contributions 2% Operation and Maintenance of Plant 8%
General Administration 7%
Depreciation 7%
Interest & Other 3%
 36
Siena 2009
President’s Report

our future
CHALLENGES OPTIMISM OPPORTUNITY

A LIVING VISION
In 1937, Siena College had a
humble beginning. The seven
founding fathers—the Franciscan
Friars of the Province of the Most
Holy Name of Jesus—saw great
potential. Their original optimism
and vision have been validated
many times over. Most recently:
In the Business Week/PayScale
study, Siena made the top 50
in colleges that open doors to
higher incomes.
Siena moved up four places to
the top schools category in the
2009 U.S. News & World Report
Edition of “Best Liberal Arts
Colleges” which ranks academic
reputation, student selectivity,
freshman retention, graduation
rate, faculty and more.
When we look at all we have done together and all that has become Siena College, we can’t help
but be excited by imagining all we can still do.
Siena College has much to be thankful for. We are constantly encouraged and inspired by the
performance of Siena people. They embrace Franciscan values with enthusiasm, step up to always
do more than asked and they are proactive in identifying and making the best of every opportunity.
As we prepare the next strategic plan for Siena College, we have momentum, but higher edu-
cation is always in a race that has no Wnish line. The future gets closer every minute, so we are
conditioned to act with a sense of urgency.
The challenges of the 21st century remind us that every year is a turning point and we cannot
relax in our pursuit of excellence in educating and shaping the character of tomorrow’s leaders.
The demands are many—continued growth, academic excellence, managing the deferred main-
tenance portfolio, generating endowment revenue, broadening the active Siena community,
recruiting the best and the brightest students, faculty and staV and continually raising the value
of the Siena degree.
We know the future will be dynamic and charged with change. With the engagement and
support of our community, Siena will be well-positioned to anticipate, adapt and transform.
We seek to build on our history of providing a solid education, a transformational experience
and a lifetime membership in the Siena tradition.
 Leadership
PRESIDENT’S CABINET
Fr. Ken Paulli ’82, O.F.M, Ed.D.
Chief of Staff
Linda Richardson, Ph.D.
Vice President for Academic Affairs
Maryellen Gilroy, Ed.D.
Vice President for Student Affairs
Ned Jones
Vice President for Enrollment Management
David Smith ’79
Vice President for Development and External Affairs
Paul Stec ’79, M.B.A., C.P.A.
Vice President for Finance and Administration
2008-2009 BOARD OF TRUSTEES
Ronald E. Bjorklund ’85
Bradley Bodmer, Esq. ’82
J. David Brown
Michael Bucci ’73
Robert F. Campbell ’66
Beverly A. Carroll
Robert M. Curley
Robert T. Cushing ’77
Susan Law Dake
Virginia L. Darrow ’83
John J. Dawson, Esq. ’68
Scott C. Donnelly
Howard S. Foote ’74
Robert L. Guido ’68
Douglas T. Hickey ’77
Rev. Kenneth R. Himes ’71, O.F.M., Ph.D.
Gary C. Holle ’77
Edward J. Johnson ’63
Walter T. Kicinski ’62
Alberto C. Mariaca ’60
Rev. Jerome J. Massimino, O.F.M.
Pamela McCarthy
Robert J. McCormick ’87
Rev. Dominic V. Monti, O.F.M., Ph.D.
James J. Morrell ’66
Very Rev. Kevin J. Mullen ’75, O.F.M., Ph.D.
John F. Murray ’79
John J. Nigro
Very Rev. John F. O’Connor, O.F.M.
Walter A. Osterman ’87
Joseph M. Pastore, Jr., Ph.D.
Kenneth M. Raymond, Jr.
Mark S. Rose ’65
Rev. Peter A. Schneible, O.F.M., Ph.D.
Michelle M. Schoulder ’99
David M. Stack ’73
Christine L. Standish
Br. Daniel P. Sulmasy, O.F.M., M.D., Ph.D.
Dennis L. Winger ’69
515 Loudon Road
Loudonville, New York 12211
www.siena.edu

1109 00314 OG