Editing University of Chicago (section)

== Administration and finance ==
{{See also|List of presidents of the University of Chicago}}[[File:Hutchinson Commons 2014.jpg|thumb|Hutchinson Commons]]
The university is governed by a board of trustees. The board of trustees oversees the long-term development and plans of the university and manages fundraising efforts, and is composed of 55 members including the [[President of the University of Chicago|university president]].<ref>{{cite web |title=Board of Trustees |url=http://trustees.uchicago.edu/ |url-status=live |archive-url=https://web.archive.org/web/20160530232950/http://trustees.uchicago.edu/ |archive-date=May 30, 2016 |access-date=May 17, 2016 |publisher=The University of Chicago}}</ref> Directly beneath the president are the provost, fourteen vice presidents (including the chief financial officer, [[Chief Investment Officer|chief investment officer]], and vice president for campus life and student services), the directors of [[Argonne National Laboratory]] and [[Fermilab]], the secretary of the university, and the student [[Ombudsman|ombudsperson]].<ref name="orgchart">{{cite web |title=University Organization Chart |url=https://www.uchicago.edu/about/orgchart/ |url-status=live |archive-url=https://web.archive.org/web/20090809185059/http://www.uchicago.edu/about/orgchart/ |archive-date=August 9, 2009 |access-date=August 16, 2009 |publisher=The University of Chicago}}</ref> The current chairman of the board of trustees is [[David Rubenstein]] since May 2022.<ref>{{cite web |date=February 26, 2015 |title=Major U of C donor to head school's board of trustees |url=http://www.chicagobusiness.com/article/20150227/BLOGS03/150229822/major-u-of-c-donor-to-head-schools-board-of-trustees |url-status=live |archive-url=https://web.archive.org/web/20230308042410/https://www.chicagobusiness.com/article/20150227/BLOGS03/150229822/joseph-neubauer-to-head-university-of-chicago-s-board-of-trustees |archive-date=March 8, 2023 |access-date=May 17, 2016 |website=Crain's Chicago Business}}</ref> The current provost is [[Katherine Baicker]] since March 2023.<ref>{{cite web |date=January 30, 2023 |title=Katherine Baicker appointed provost of the University of Chicago |url=https://news.uchicago.edu/story/katherine-baicker-appointed-provost-university-chicago |access-date=April 7, 2023 |website=University of Chicago News |language=en}}</ref><ref>{{cite news |date=January 30, 2023 |title=Katherine Baicker appointed provost of the University of Chicago Katherine Baicker |url=https://news.uchicago.edu/story/katherine-baicker-appointed-provost-university-chicago |url-status=live |archive-url=https://web.archive.org/web/20230222233823/https://news.uchicago.edu/story/katherine-baicker-appointed-provost-university-chicago |archive-date=February 22, 2023 |access-date=February 22, 2023 |publisher=The University of Chicago |agency=University of Chicago News}}</ref> The current president of the University of Chicago is chemist [[Paul Alivisatos]], who assumed the role on September 1, 2021. [[Robert Zimmer]], the previous president, transitioned into the new role of chancellor of the university.<ref>{{cite web |date=February 26, 2021 |title=Paul Alivisatos named next president of the University of Chicago |url=https://news.uchicago.edu/story/paul-alivisatos-named-next-president-university-chicago |url-status=live |archive-url=https://web.archive.org/web/20210302131729/https://news.uchicago.edu/story/paul-alivisatos-named-next-president-university-chicago |archive-date=March 2, 2021 |access-date=March 2, 2021 |website=University of Chicago News |language=en}}</ref>

The university's endowment was the 12th largest among American educational institutions and state university systems in 2013<ref>{{cite web |year=2013 |title=U.S. and Canadian Institutions Listed by Fiscal Year 2012 Endowment Market Value and Percentage Change* in Endowment Market Value from FY 2011 to FY 2012 (Revised February 4, 2013) |url=http://www.nacubo.org/Documents/research/2012NCSEPublicTablesEndowmentMarketValuesRevisedFebruary42013.pdf |url-status=dead |archive-url=https://web.archive.org/web/20130512184138/http://www.nacubo.org/Documents/research/2012NCSEPublicTablesEndowmentMarketValuesRevisedFebruary42013.pdf |archive-date=May 12, 2013 |access-date=January 19, 2014}}</ref> and {{as of|2020||df=US|lc=on}} was valued at $10 billion.<ref>{{cite web |date=November 2, 2018 |title=University of Chicago endowment grows to $8.2 billion |url=https://news.uchicago.edu/story/university-chicago-endowment-grows-82-billion |url-status=live |archive-url=https://web.archive.org/web/20181116000750/https://news.uchicago.edu/story/university-chicago-endowment-grows-82-billion |archive-date=November 16, 2018 |access-date=November 15, 2018 |website=Crain's Chicago Business}}</ref> Since 2016, the university's board of trustees has resisted pressure from students and faculty to divest its investments from fossil fuel companies.<ref>{{cite web |date=February 22, 2016 |title=University of Chicago professors urge fossil fuel divestment over climate change fears |url=http://www.theguardian.com/us-news/2016/feb/22/university-chicago-divest-fossil-fuel-professors-climate-change |url-status=live |archive-url=https://web.archive.org/web/20211026192835/https://www.theguardian.com/us-news/2016/feb/22/university-chicago-divest-fossil-fuel-professors-climate-change |archive-date=October 26, 2021 |access-date=October 26, 2021 |website=the Guardian |language=en}}</ref> Part of former university President Zimmer's financial plan for the university was an increase in accumulation of debt to finance large building projects.<ref>{{cite news |last=McDonald |first=Michael |date=March 17, 2014 |title=University of Chicago Is Outlier With Growing Debt Load |url=https://www.bloomberg.com/news/articles/2014-03-17/university-of-chicago-is-outlier-with-growing-debt-load |url-status=live |archive-url=https://web.archive.org/web/20170223140447/https://www.bloomberg.com/news/articles/2014-03-17/university-of-chicago-is-outlier-with-growing-debt-load |archive-date=February 23, 2017 |access-date=March 12, 2017 |work=Bloomberg}}</ref> This drew both support and criticism from many in the university community.<ref>{{Cite web |last=Ando |first=Clifford |title=(West Virginia) Chicago is happening to you. The fight for the modern university. |url=https://chicagomaroon.com/40932/viewpoints/op-ed/west-virginia-chicago-is-happening-to-you-the-fight-for-the-modern-university/ |access-date=2025-03-12 |website=Chicago Maroon}}</ref> Notably in 2022, total university assets decreased by $1.6 billion in value, driven primarily by a $1.4 billion loss in the endowment's "investments" category.<ref>{{Cite web |date=March 11, 2025 |title=Financial Results for Fiscal Year 2022 |url=https://voices.uchicago.edu/annualreport2022/financial-results-for-fiscal-year-2022/ |website=Financial Results for Fiscal Year 2022 - UChicago Voices}}</ref> In 2023 the university agreed to pay $13.5 million to settle a lawsuit that it and other universities conspired to limit financial aid to students.<ref>{{Cite web |date=August 16, 2023 |title=University of Chicago to settle student aid price-fixing lawsuit for $13.5 million |url=https://chicago.suntimes.com/education/2023/8/16/23834454/university-chicago-568-cartel-student-aid-price-fixing-lawsuit |access-date=October 25, 2023 |website=Chicago Sun-Times |language=en}}</ref>{{Clear}}