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==Organization and administration== === Governance === [[File:Northwestern Arch.jpg|thumb|Weber Arch]]Northwestern is privately owned and governed by an appointed [[Board of Trustees]], which is composed of 70 members and, {{as of |2022 |lc=y}}, is chaired by [[Peter Barris]] '74.<ref>{{cite web |url=https://dailynorthwestern.com/2022/06/15/campus/northwestern-announces-peter-barris-as-new-board-of-trustees-chair/ |title=Northwestern announces Peter Barris as new Board of Trustees chair |work=The Daily Northwestern |date=June 15, 2022 |access-date=January 23, 2023 |archive-date=January 24, 2023 |archive-url=https://web.archive.org/web/20230124182633/https://dailynorthwestern.com/2022/06/15/campus/northwestern-announces-peter-barris-as-new-board-of-trustees-chair/ |url-status=live }}</ref> The board delegates its power to an elected president who serves as the [[chief executive officer]] of the university.<ref>{{cite web |url= http://www.adminplan.northwestern.edu/board-of-trustees/charter.htm |title= Board of Trustees: Charter, National and Alumni Trustees |publisher= Northwestern University |access-date= July 14, 2011 |archive-date= September 3, 2011 |archive-url= https://web.archive.org/web/20110903081621/http://www.adminplan.northwestern.edu/board-of-trustees/charter.htm |url-status= live }}</ref> Northwestern has had [[List of Northwestern University presidents|seventeen presidents in its history]] (excluding interim presidents). The current president, legal scholar [[Michael Schill]], succeeded [[Morton O. Schapiro]] in fall 2022.<ref>{{cite press release |url=https://news.northwestern.edu/stories/2022/08/new-northwestern-president-michael-schill/ |title=Michael H. Schill named next president of Northwestern |publisher=Northwestern Now |date=August 11, 2022 |access-date=January 23, 2023 |archive-date=November 12, 2022 |archive-url=https://web.archive.org/web/20221112054508/https://news.northwestern.edu/stories/2022/08/new-northwestern-president-michael-schill/ |url-status=live }}</ref> The president maintains a staff of vice presidents, directors, and other assistants for administrative, financial, faculty, and student matters.<ref>{{cite web |url=http://www.northwestern.edu/president/PRESSTAF.html |title=President's Staff |publisher=Northwestern University, Office of the President |access-date=September 16, 2008 |archive-url=https://web.archive.org/web/20080517094310/http://www.northwestern.edu/president/PRESSTAF.html |archive-date=May 17, 2008 |url-status=dead }}</ref> [[Kathleen Hagerty (academic)|Kathleen Haggerty]] assumed the role of provost for the university on September 1, 2020.<ref>{{cite web |url=https://news.northwestern.edu/stories/2020/08/provost-kathleen-hagerty/ |title=https://news.northwestern.edu/stories/2020/08/provost-kathleen-hagerty/ |publisher=Northwestern Now |date=August 11, 2020 |access-date=January 23, 2023 |archive-date=January 23, 2023 |archive-url=https://web.archive.org/web/20230123173559/https://news.northwestern.edu/stories/2020/08/provost-kathleen-hagerty/ |url-status=live }}</ref> Students are formally involved in the university's administration through the [[Students' union|Associated Student Government]], elected representatives of the undergraduate students, and the Graduate Student Association, which represents the university's graduate students.<ref>{{cite web |url=http://asg.northwestern.edu/index.php |title=Northwestern Associated Student Government |access-date=September 19, 2008 |publisher=Northwestern Associated Student Government |archive-url=https://web.archive.org/web/20080614144744/http://asg.northwestern.edu/index.php |archive-date=June 14, 2008 |url-status=dead }}</ref><ref>{{cite web |url=http://studentassociations.gsad.northwestern.edu/gsa/ |title=Graduate Student Association: Mission Statement |publisher=Northwestern University Graduate Student Association |access-date=September 19, 2008 |url-status=dead |archive-url=https://web.archive.org/web/20081026154318/http://studentassociations.gsad.northwestern.edu/gsa/ |archive-date=October 26, 2008 }}</ref> The admission requirements, degree requirements, courses of study, and disciplinary and degree recommendations for each of Northwestern's 12 schools are determined by the voting members of that school's faculty ([[assistant professor]] and above).<ref name="Faculty handbook">{{cite web |url=http://www.northwestern.edu/provost/faculty/handbook.pdf |title=Faculty Handbook |publisher=Northwestern University |access-date=September 19, 2008 |archive-date=May 14, 2008 |archive-url=https://web.archive.org/web/20080514152234/http://www.northwestern.edu/provost/faculty/handbook.pdf |url-status=dead }}</ref> === Endowment === Northwestern maintains an endowment of $14.3 billion, the eighth-largest [[List of colleges and universities in the United States by endowment|university endowment among private universities in the United States]].<ref>{{Cite web |title=Here's how the 20 largest college endowments changed last year |url=https://www.highereddive.com/news/how-20-largest-college-endowments-changed-2022/642997/ |access-date=June 12, 2023 |website=Higher Ed Dive |language=en-US |archive-date=June 12, 2023 |archive-url=https://web.archive.org/web/20230612041328/https://www.highereddive.com/news/how-20-largest-college-endowments-changed-2022/642997/ |url-status=live }}</ref> The endowment is sustained through donations and is maintained by investment advisers at the university's Investment Office.<ref>{{Cite web|title=Investment Office β Northwestern University|url=https://www.northwestern.edu/investment/|access-date=December 11, 2021|website=northwestern.edu|language=en|archive-date=July 8, 2020|archive-url=https://web.archive.org/web/20200708025859/https://www.northwestern.edu/investment/|url-status=live}}</ref>
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