WhartonFundAR_10.23_3_LoRes

Report to InvestorsContentsLeadership Gifts 1The Wharton Fund 16MBA Classes 38Friends, Parents and Family Foundations 86Corporations and Foundations 93Undergraduate, Masters and Doctoral Programs 102Tribute Gifts 109Gift Planning 114

Leadership GiftsVisionary Leaders Joseph Wharton gave the Trustees of the University of Pennsylvania $100,000 worth of railroad stock and mortgage bonds in 1881, to establish the world’s first collegiate business school. Today, the Wharton School continues to rely on the generosity of visionary leaders to support its vast global activities. Leadership gifts to the Wharton School follow the example set by our founder in supporting the research enterprise and academic programming, technology enhancements and other critical financial needs.

the President’s CircleLeadership GiftsGifts of $1 Million and AboveGiving at the President’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.Anonymous (6) Phyllis S. and William L. Mack, W’61Patty and Jay H. Baker, W’56 William and Phyllis Mack Family FoundationPat and Jay Baker Foundation Lisa and David J. Matlin, W’83Dahlia and Arthur H. Bilger, W’75 Aditya Mittal, W’96, and Megha P. Mittal, W’97Bilger Foundation Michael Moh, W’92David S. Blitzer, W’91, and Allison J. Blitzer, C’91 Larry & Celia Moh FoundationNorine I. and Geoffrey T. Boisi, WG’71 Diane J. and John Patience, WG’73Jerome F. Dean, W’75 Marc J. Rowan, W’84, WG’85James G. Dinan, W’81 and Elizabeth R. Miller Rowan Family FoundationJacalyn C. and William P. Egan II, WG’69 His Excellency Sheikh Nahayan M. Al NahayanJoshua J. Harris, W’86 Diane I. Spilker, W’87, and Marc A. Spilker, W’86Joshua and Marjorie Harris Family Foundation Richard M. TsaiHigher Colleges of Technology Wan-Tsai TsaiJohn Idol Lauren G. Turner, W’85, and Kenneth R.Idol Family Foundation “Bobby” Turner, W’84Bruce I. Jacobs, G’79, GR’86 Margaret O. and Jerome A. Turner, W’57Tayeb Kamali Catherine P. and Randall J. Weisenburger, WG’87Joel A. Lang, W’55, WG’58 Dorinda and Mark Winkelman, WG’73Diane v.S. and Robert M. Levy, WG’74 Emil K. Woods, W’94Kenneth N. Levy, WG’76, G’82 Barbara Ziegler †Marie O. and Barry R. Lipman, W’70† Indicates deceased 22 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

the Director’s CircleLeadership GiftsGifts of $500,000 to $999,999Giving at the Director’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.Anonymous (6) Gloria M. and William H. Lawrence, W’83Altus One Fund, Inc. Nancy and Howard S. Marks, W’67Arbor Commerical Mortgage LLC Manuel V. Pangilinan, WG’68Jeff T. Blau, WG’92 Jaime Peisach, W’88, andSilas K. Chou Cheryl Peisach, W’87Robert I. Glass, WG’58 James RiadyBennett W. and Cynthia R. Golub, W’76 Anthony SalimGolub Family Fund Salim GroupDavid J. Haemisegger, WG’81, and Nancy Nasher Elena K. and Scott L. Shleifer, W’99Pasi M. Hamalainen, EE’92, W’92, G’93 Rhona R. and Richard L. Thompson, WG’96Lara E. and Anthony R. Ignaczak, W’86 University of Pennsylvania USA Foundation LimitedJonathon S. Jacobson, W’83, and Wells Fargo Social Responsibility Group Joanna M. Jacobson, C’82 Steven C. WitkoffJacobson Family Foundation Arthur M. Wrubel, W’87Jeffrey S. Katz, WG’71 and Beth RogersIvan P. Kaufman† Indicates deceased 32 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

the Executive’s CircleLeadership GiftsGifts of $100,000 to $499,999Giving at the Executive’s Circle level reflects outright gifts and pledges to restricted and unrestricted funds.Anonymous (19) Becky M. Elrad, W’89, and Paul K. Kelly, C’62, WG’64, andErika and Jay B. Abramson, W’83, L’86 Michael A. Elrad, W’89 Nancy Lee B. KellyDavid Altshuler, WG’93, and Sebastian Escarrer, WG’93 Kelly Family Foundation Sharman B. Altshuler, V’96 Wendy J. Finerman, W’82 Rene M. Kern, G’90, WG’90Sharman & David Altshuler Randy C. and Jay S. Fishman, W’74, WG’74 Brian Kwait, WG’88 Advised Fund Fishman Family Foundation Bonnie A. Larson Revocable TrustJoseph G. Ansanelli, W’92 David N. Fleischer, C’70, WG’76, and Marc J. Leder, W’83Lawrence G. Babin, W’70 Judith M. Fleischer, WG’76 Leder Family Foundation, Inc.Venkat. H. “Vinnie” Badinehal, WG’96 Goldman Sachs Charitable Gift Lorraine and Ken LevyBank of America Corporation Goldman Sachs Gives Rosy and Daniel E. Levy, C’87, W’87Ron Baron The Goldman Sachs Group, Inc. Elaine A. and Stephen E. Lewis, WG’65Baron Capital, Inc. Vidya and Sanjay Govil, WAM’08 Lannie L. and Howard A. Lipson, W’86Mohamed B. Bassatne, WG’89 Sanjay Govil Foundation Patricia C. and Nicholas Lobaccaro, W’91Bassatne Association for Charity Michael S. Gross William T. Lockard, WG’84, andShelley A. and Grant G. Behrman, WG’77 Vicki Panzier Gross, W’87 Alix MarduelMilton R. Berlinski, WG’80 Mehmet Habbab, W’65, WG’67 Frederic MackAmy and Andrew G. Bluhm, W’88 Sami Habbab, W’98 Richard J. Mack, W’89Susan B. and Carl E. Bolch, Jr., W’65 Mary and Robert M. Haft, W’74 Patricia and John T. Magliocco, W’64Bruce W. Brownstein, W’80 Heckscher Foundation for Children Claude M. Marion, WG’80Bulldog Ventures, Limited Andrew M. Heller, WG’79 Mars Belgium NVCDVSJ Foundation Hertz Corporation James B. McElwee, WG’76Citi Foundation Boris Hirmas Said Michelson Medical ResearchClaude and Sofia Marion Foundation William F. Holekamp, WG’72 Foundation, Inc.David A. Cohen Holekamp Foundation Gary MichelsonArthur D. Collins, Jr., WG’73 Cathey S. and Donald D. Humphreys, WG’76 Mindy and Ira M. MitznerCollins Family Foundation Brynn and Peter Huntsman Kenneth D. Moelis, W’81, WG’81, andJonathan J. Coslet, W’87 Jon and Karen Huntsman Foundation Julie T. Moelis, W’81Roger Crandall, WG’02 Karen C. and Jon M. Huntsman, W’59, H’96 Edward A. Mule, W’84, WG’84Anthony L. Davis, G’97, WG’97 Marie L. Hurabiell, L’96 Mule Family FoundationGary S. and Ellen S. Davis, W’85 Ira M. Mitzner 2004 Revocable Trust NCsoftEllen and Gary Davis Foundation William M. Jewett, WG’86, and Roy S. Neff, WG’76, andRosa R. and Carlos M. de la Cruz, Patricia Jewett Rosalind S. Neff, WG’76 W’62, WG’63 Evan Jones, WG’83 New Visions Irrevocable TrustSusan and Michael A. Delaney, WG’82 Evan and Cindy Jones Foundation Pacific Gas & Electric CompanyFaquiry Diaz, C’97, W’97 Kadrovach-Duckworth Foundation Palermo-Ravich Revocable TrustAlbert F. Dombrowski, WG’93 Michael Kao, WG’97 Simon D. Palley, WG’83, andThomas and Connie K. Duckworth, WG’79 Beth J. Kaplan, W’80, WG’81 Midge Palley, WG’83Alberto I. Duran, WG’93 Jeffrey M. Kaplan, W’87, and Lisa A. and Richard C. Perry, W’77Adolphus O. Ehrlich, W’32 Robin H. Kaplan, C’91 Perry Capital† Indicates deceased 42 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

The Executive’s Circle LEADERSHIP GIFTSSanto Politi, WG’97 Marcia W. and Paul W. Soldatos, WG’74Lea and Barry A. Porter, W’79 Sovereign BankEmily S. and David S. Nancy and Geoffrey L. Stack, WG’72 Pottruck, C’70, WG’72 Nancy & Geoffrey Stack Family FoundationDavid & Emily Pottruck Fund Christopher C. Stavrou, WG’67Sharon and Scott S. Prince, W’85 Patrick Sun, W’81Prince Family Foundation Rachel and Jeff Sutton, W’81Mandakini Puri, WG’86 Jeff Sutton Charity FundStacey D. and William J. Quinn, W’92 Tinah and Sukanto Tanoto, WF’01Quinn Family Foundation Tanoto FoundationQuinn Family Fund Karen G. Tarte, W’84, and Scott Tarte, C’84Clifford I. Rackson, W’81, WG’82 Andrew I. Trader, W’91, WG’99Jess M. Ravich, W’79, WG’79 Charles P. Turlinski, WG’71Staci and Eric G. Reiter, W’97 Urban Outfitters, Inc.Saul B. Rosenthal, W’90 Tina and Michael A. Weinstock, W’82Robert L. Rosner, WG’85 Loralee and Alfred P. West, Jr., WG’66John M. Roth, W’80, WG’80, and R. Graham Whaling, WG’88 Lauren Razook Gregory A. White, WG’80, andNeil L. Rubler, WG’98, and Mindy G. White, W’80, WG’81 Allison M. Rubler, C’93 Thomas K. Whitford, WG’82, andRobert S. Rubler, C’58, D’62 Margaret B. Lehr, C’76, WG’82Sap America, Inc. Mary and Scott A. Wieler, WG’87Monica Sasson, C’91 Wieler Family Private FoundationDenise and Andrew M. Saul, W’68 Willis Re, Inc.Samuel C. Schwab, W’73 Robert Wolf, W’84Schwab Fund Robin S. and Marc B. Wolpow, W’80Joyce E. and Richard C. Schwartz, WG’87 Marc and Robin Wolpow Family FundSEI Investments Company Evelyn Wu, W’02Jerry M. Seslowe, WG’69 Vivian Wu, C’94, W’94Catharine D. Sharpe Charitable Trust Winston Wu, W’02Sholk-Kaplan Family Philanthropic Fund Diana D. and James E. Yacobucci, WG’74Lydia P. and Douglas W. ShorensteinLydia & Doug Shorenstein Foundation, Inc.Ravi Sinha, WG’89Richard L. Smithline, W’81† Indicates deceased 52 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

InvestorsLeadership GiftsGifts to $99,999Giving at the Investors’ level reflects outright gifts to restricted funds.Anonymous (29) American Value Partner AXA FoundationArya Abedin, WG’12, G’12 Amerimar Realty Company AXA Foundation FundAberdeen Asset Management Amgen, Inc. AYCO CorporationRiya Abraham, ENG’08, W’08 Amtrak Andrew R. Bacas, WG’91Sergio D. Abramovich, WG’99 The Andalex Group Bacas Family Foundation, Inc.Lisa M. and Steven M. Abramowitz, W’85 William M. Andersen, WG’83 Howard D. Bailin, W’54Accenture Ltd. Angelo, Gordon & Company Christian Baillet, WG’75Amachie K. Ackah, WG’00 Anheuser-Busch Companies, Inc. Bain Capital LLCAckman-Ziff Real Estate Group, LLC Anne/Michael Connelly Foundation Bain & Company, Inc.Across Bridge Network, Inc. Antheus Capital/MAC Property Charlotte P. and Houston A. BakerACTA Realty Corporation Aon Corporation Jeffrey W. Baker, WG’85, GAR’86, GCP’89Actuaries Club of Philadelphia Apax Foundation Vikram D. Bakhru, WG’09Mia R. Adelberg, C’02, L’06, WG’11, G’11 Matthew B. Apfel, L’90 and Daniela A. Ballard, G’94, WG’94Dean S. Adler, W’79, L’83, and Jacqueline D. Reses, W’92 Ballard Spahr Andrews & Ingersoll, LLC Susanna E. Lachs, CW’74, ASC’76 Apollo Management LP Ballymore Company, Inc.Susanna Lachs & Dean Adler Apollo Real Estate Advisors LP Ballyshannon Partners, LP Family Charitable Fund Applied Predictive Technologies Derek andDeepak Advani, WG’98 Yarom D. Arad, WG’95 Bonnie Miao Bandeen, C’80, WG’85Nathan I. Agam, ENG’99, W’99 ARAMARK Corporation Bank of New York MellonAchal Agarwal, ENG’95, W’95 Arden Group The Bank of Tokyo-Mitsubishi UFJ, Ltd.Air Products and Chemicals, Inc. AREA Property Partners Barclays CapitalSyed H. Akbari, W’06 Robert J. Aresty, W’63 Paul S. Barrett, WG’65Akerman Senterfitt Argosy Real Estate BASF CorporationLaura J. Alber, C’90 Izhar Armony, G’97, WG’97 Baupost Group LLCAlcoa Foundation Arnall Golden Gregory LLP Jay R. Beaulieu, WG’98Douglas A. Alexander, EE’83, W’83 Alan C. Arnold Jr., WG’02 Paul J. Bednarski, W’70Alex Brown Realty Inc. Michael B. Aronson, W’78 Paul Joseph Bednarski TrustAndre-Matias Alfaro, WG’12 Theodore R. Aronson, W’74, WG’75, and Dana D. Behar, WG’89Alliance Partners Barbara B. Aronson, CW’74 Albert P. BehlerAllianz AG Aronson+Johnson+Ortiz LP Howard M. Behr, WG’01, G’01Allianzgi of America, L.P. Artemis Real Estate Partners, LLC Jessie M. Beller, C’00Allstate Insurance Company Howard Arvey Robert B. Bellinger, WG’89Michel M. Al-Moumen, C’11, W’11 Arvey Foundation Belvedere CapitalRichard M. Alpher Matthew K. Asada, C’02, W’02 Bemis Company, Inc.Timothy J. Alston, W’72 Asahi Kasei Plastics NA, Inc. Deborah D. Bennett, WG’87, andAlvarez & Marsal Real Estate ASB Capital Management LLC Alan R. Braxton, WG’87 Advisory Services LLC Susan R. Asch, EAS’84, W’84 Allison L. Berey, G’94, WG’94Gabriela M. Alvarez-Pagola, G’94, WG’94 Ashforth Pacific, Inc. Allan J. BergerAmerican Academy of Actuaries Asplundh Foundation Max M. Berger, C’77American Air Liquide Samir Assaad, G’97, WG’97 Paul I. Bergman, C’02, W’02, G’04, WG’04American Express Company Eliav I. Assouline, W’95 Robert A. Bergmann, W’88, andAmerican Insurance Association AstraZeneca PLC Nancy C. Bergmann, C’89American Land Management Robert J. Atkins, WG’59 Jeffrey A. Berkman, W’63American Life, Inc. Larry S. Auerbach Joy M. and Howard R. Berlin, W’57† Indicates deceased 62 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSDorrit Bern The H.L. Brown, Jr. Family Foundation Camilo R. Cepeda, G’03, WG’03Adam K. Bernstein, W’85, and Sidney Brown, W’38 Deborah A. and Tracy M. Bernstein, C’88 Annabelle E. Brown-Fowlkes, WG’99 Robert J. Chalfin, W’78, WG’78R.J. Berrier, Ltd. Brown Shoe Company, Inc. Risa M. Chalfin, C’08William R. Bintzer, WG’79 Andrew R. Brownstein, W’75, WG’76, and Robert J. and Deborah A. ChalfinBlackRock Financial Mangement, Inc. Elise J. Brownstein, CW’76 Family FoundationBlackstone Group LP Elise and Andrew Brownstein Charitable Trust Dan C. Chamby, WG’88Alain D. Blanc Brude, WG’75 Mathew Brownstein Christopher ChaneyLaurie K. and Robert Z. Bliss, W’82 Adam Brownstein Trust Hae-Gin Chang, ENG’10, W’10Adele G. Block, CW’38 Jason Brownstein Trust Ling S. Chang, EE’92, W’92James A. Block, WG’94, and BTG Pactual US Asset Mei-Hsin J. Chang, ENG’94 Heidi J. Block, WG’95 Management Corporation Nelson A. ChangAdele and Leonard Block Foundation, Inc. BTG Pactual US Capital Corporation Stephanie S. Chang, W’88, WG’94Jacqueline and David L. Blumberg, WG’90 The Buccini/Pollin Group, Inc. Craig B. Channer, WG’04Roger A. Blumencranz, W’59 Linda M. Buchheit, GED’91 David Th Chao, WG’05The Boeing Company Buckingham Capital Management, Inc. Stanley S. ChaplinHolger H. Boerner, G’06, WG’06 Alfred J. Buescher, W’48 Charles Schwab & Co., Inc.Gil J. Bonwitt, W’87 Build-A-Bear Management Charming Shoppes, Inc.Elise & Gil Bonwitt Philanthropic Fund John M. Burdick Loong Chen, MTE’95, W’95Annette P. Borish, CW’41 Burdick Gallery Teresa Chen, ENG’07, W’07Robert Bosch LLC Martin S. Burger, W’87 Richard G. CheongThe Boston Consulting Group, Inc. Daniel D. Burns, ENG’90, W’90 Ferdinand S. Cheuk, W’96Joseph Andrew Boswell, ENG’99, W’99 Burns & McBride, Inc. Jeffrey T. Cheung, ENG’87, W’87Robert N. Boucai, W’97 Business & Nonprofit Strategies, Inc. Chevron Products CompanyShelly L. Boyce, WG’95 Joseph R. Buthorn, WG’96 Jerry Chi, WG’12, G’12BPG Properties LTD Harmon P. Butler, W’54 Katherine Shen andLynde and Harry Bradley Foundation Kaifan Cai, WG’11 Pei-Yuan Chia, WG’65Katherine W. Wu Brady, ENG’01, W’01 Scott S. Calidas, ENG’00, W’00 Vivian ChiangErica B. Bramer, G’00, WG’00 John F. Campbell, W’82, EAS’82 Yon K. Cho, W’84Brandywine Global Investment Campus Apartments, Inc. Sonya P. and Abhijit Dev Chodry, W’94 Management, LLC Matthew M. Capers, W’09 Don S. Choe, ENG’90, W’90Brandywine Operating Partnership, LP Capital One Services, Inc. Mary Sun Chou, W’85, C’85 andBrandywine Realty Trust Capital Trust, Inc. Arthur C. P. Chou, ME’84Clinton T. Brass, WG’02 Edward L. Carey, Jr., WG’85 Celia ChouB. Braun Medical, Inc. W.P. Carey & Co. LLC P.C. Chou Family FoundationBrause Realty, Inc. Cargill, Incorporated Joseph J. Chu, W’98, WG’07Melanie E. Breaux, L’07, and Richard B.W. Carney, Jr., WG’61 Chubb & Son, Inc. Justin H. Flax, G’08, WEV’10 Carpenter Technology Corporation CIGNA CorporationSusan C. Brenman James P. Carreras, Jr., WG’65 Circle Management CompanyAlex S. Bresler, W’06 Brian & Melinda Carroll Charitable Gift Fund Richard J. Cisek, EE’93, WG’07Frances F. and Leo D. Bretter, W’56 Melinda and Brian F. Carroll, ENG’93, W’93 Citigroup Inc.Marie C. Bridy Peter J. Carroll, W’52 Michael P. Ciuchta, WG’90Bonnie Brier Melinda T. Carswell, W’86 The Clorox CompanyIra Brind, C’63, L’67 Marco C. Carvalho, WG’00 CNA Insurance CompaniesSusan J. Briskin Michael Castagna, WG’05 Coghill Capital ManagementToby Briskin Michael N. Castellano, W’73 David L. Cohen, L’81, andBroadway Real Estate Partners LLC Catalyst Real Estate, LLC Rhonda R. Cohen, L’80Michael S. Brodsky, W’88 Carol A. Catto, WEV’00, G’02, G’08 Jeffrey H. Cohen, W’85, andBrookdale Realty Services LLC CBRE Clarion Securities Lisa Block Cohen, C’85Brookfield Properities Corporation Cedar Realty Trust Hedy S. Cohen, WG’78, andH.L. “Robin” Brown III Centerbridge Partners Morris A. Cohen† Indicates deceased 72 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSJohn T. Colas, W’84, and Lauren R. Davidson, C’02 EFH-Luminant Dorcas Lee Colas, C’74 Stephen R. Davidson, W’06, WG’07 Matthew J. Ehmer, ENG’05, W’05Joel C. Coleman, W’52, L’55 Estate of Warren S. Davis, WG’38 Stuart C. Eichert, ENG’99, W’99, GEN’99Joel and Lois Coleman Foundation Daymon Woldwide, Inc. Alexander W. Eifler, C’04Comcast Corporation Harold De Neef, WG’05 Karen Eifler, ENG’03, W’03Richard J. Comizio, W’87 Dechert LLP Eric M. Eisenstein, W’92, ENG’93, G’00,Matthew M. Commons, C’01, W’01 Shelly H. and Michael E. Dee, W’81 GRW’02, and Debra S. Eisenstein, V’01Eugene R. Conahan, WEV’86, WEV’89 Michael A. & Susan Gavoor Delaney Elizabeth H. Elfman, C’09Robert T. Coneybeer, WG’96, and Charitable Gift Fund Eric M. Elfman, W’75, WG’76 Alice P.D. Coneybeer, G’95 Deloitte Consulting Susan and Joel E. Elfman, GD’84David J. Congdon, WG’87 Deloitte Services LP Charles L. Elliott, WG’03Connecticut General Life Insurance Company Tobias A. Dengel, ENG’94, W’94 Elm Tree FundsAnne and Michael J. Connelly, WG’76 The Depository Trust & Clearing Corporation Deborah B. and Martin H. Elrad, W’61Consolidated Edison Company of NY, Inc. W. L. Derby, C’61, WG’65 Elsevier Science USAContact Singapore Alexandria R. Derby-Schenk, C’99 Frederic G. Emry, W’61Convergent Capital Partners Robert F. DeRito Endurance Reinsurance Corp of AmericaEdward W. Cook, WG’90 Henry Frederick Detering, G’04, WG’04 E-Polos of DallasCraig F. Cook, WG’85 Deutsche Bank EppendorfCooper Industries, Inc. Deutsche Bank AG Jay A. EpstienPatricia D. Cope, W’79 Isaac I. Devash, WEV’88 Equity Group InvestmentsCorday Family Foundation Piero D. Di Capua, WG’76 Equity Industrial Partner CorporationErnesto Cordera, WG’77 Dick’s Sporting Goods Equity Office Properties TrustCoreNet Global, Inc. Robert S. Dinerman, W’78 Ernst & Young LLPLaurence D. Cornell, WG’86 DLA Piper Ariel EtcheverryCorporate Executive Board DLJ Real Estate Capital Partners, LLC Amy EtheringtonAnthony M. Corriggio, ENG’91, W’91, WG’99 Fiona Julie Dodd, WG’05 European Hotels Corporation, Ltd.Karen and Charles M. Couric, WG’73 Sarah H. Dong, ENG’06, W’06, WG’11, GEN’11 European Investors, Inc.Cozen O’Connor Kevin F. Donohoe Company, Inc. Exelon CorporationCredicorp Bank Dotmenu, Inc. Exxon Mobil CorporationCredit Suisse George E. Doty, W’76, and Lee S. Doty, W’76 Roger N. Farah, W’75Criterion Real Estate Capital Doty Family Foundation Farmers Group, Inc.Crown Cork & Seal Company, Inc. The Dow Chemical Company Eli S. Faskha Froimzon, ENG’93, W’93C.T. Partners Dow Chemical Company Foundation Anna Fateeva-Berenfeld, G’97, WG’97CUNA Mutual Insurance Society Brian K. Downey, ENG’09, W’09 FedEx CorporationWilliam H. Cunningham, WG’84 James C. Dragon, WG’79 Federal Reserve Bank of PhiladelphiaJohn J. Curry, WG’86 The Dress Barn, Inc. Foundation Federal Reserve SystemCurry Realty Company Peter M. Drittel, WG’83, and Alan H. Fein, W’76Cushman Wakefield Sonnenblick-Goldman LLC Jane C. Drittel, W’83 Meryl H. Feintuch, W’74, and Richard D.Walter Czarnecki, WG’10, G’10 DRW Trading Group Feintuch, W’74Richard D’Avino, W’77, L’80, and Brian J. Duffy, CHE’63, WG’67 Richard D. Feintuch, W’74, and Pamela J. Murphy, L’79 Blair M. Duncan, WG’85, L’94 Meryl H. Feintuch, W’74Peter A. Daley, EE’98, W’98 Lili B. Dung, G’87, WG’87 Robert Feitler, W’51John H. Dalton, WG’71 Dunnhumby USA, LLC Alan F. Feldman, WG’90Michael S. Dana, WG’85 Anthony N. Durso, WG’61 David J. Feldman, C’80Philip M. Darivoff, W’79, WG’85, and Andrew L. Dworkin, C’81 Suzanne S. and Steven M. Feldman, W’84 Besty Marks Darivoff, C’79 Sean A. Eagle, WG’99, and Marc S. Felman, WG’88Alice Davenport Susan Y. Eagle, WG’99 Michelle K. Felman, WG’88Patricia E. Davenport, CW’73 Eastdil Secured, LLC Laurel E. Fensterer, ENG’96, W’96Elizabeth R. and William C. Davidson, W’68 eBay, Inc. Thomas R. Ferguson III, WG’87, andElizabeth and William Davidson Family EdVenture Partners Julia E. Ferguson, WG’86 Charitable Fund Edward J. Minskoff Equities, Inc. Gabriel E. Fernando, ENG’11, W’11† Indicates deceased 82 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSJ. Robert Ferrari, WG’62, G’64 Richard A. Fuchs, EAS’80, W’80 Goldring Family FoundationDebra Fickler, L’82 Mr. E. Kenneth Furst Goldstar GroupJoseph Fidanque, Jr., W’62 Jill E. Schwartz, G’01, WG’01 Glenn J. Goldstein, ENG’03, W’03Fidanque Hermanos & Hijos SA Marni S. Gaer, C’88, and Joel S. Goldstein, W’76, andFidelity Investments Samuel H. Gaer, W’88 Susan A. Goldstein, W’76Christopher C. Fikry, M’04, WG’04, WG03 Galbreath & Company Emma and Frederick M. Goltz, C’93, W’93Financial Engines Galeria Kaufhof GMBH Frederick M. and Emma J. GoltzCynthia K. and Ralph Finerman, W’56 Kimberly N. Gallant, ENG’08, W’08 Revocable TrustKaren L. Finerman, W’87 and David L. Gallo, W’95 Ashton and James R. Goodfield, C’84, WG’90 Lawrence Golub Leonard R. Ganz, W’65, and Stephen M. Goodman, W’62, L’65, andKaren Finerman Charitable Gift Fund Roberta Widman Ganz, MT’77 Janis L. Goodman, G’89, SW’91,Jerry E. Finger, W’54 Susan J. Ganz, WG’88 and SWP’05Google, Inc.Carol and John Finleu Fund Howard P. Sugarman, WG’93 Ronald B. Gordon, W’64, andFINRA Investor Education Foudation Stephen J. Garchik, W’75, WG’76 Claire Israel Gordon, CW’64First American Title Insurance Company Garchik Family Foundation Sara Gordon, CGS’02, G’04First Niagara Stavros Gatopoulos Victoria S. and David Carl Gottlieb, W’86First Trust Bank Leigh and Carol M. Gatton, WG’58 Madhan P. Gounder, W’03Julie S. and Wayne S. Firsty, EAS’85, W’85 Bill Gatton Foundation William T. Grant FoundationAlexander E. Fisher, W’62 Gazit Group USA, Inc. Grant-ThorntonScott A. Fisher, C’76, G’76 Shirley Gee Patricia C. Graue, G’07, WG’07Flagship Properties, LLC Steven C. Gee, WG’83, and Betsy J. GreenThomas J. Fleisch, WG’81 Teresa Tong Gee, W’84 Richard J. Green, L’77, WG’78Debbie J. Fleischer, W’84 Debra and Keith B. Gelb, W’92 William and Elyse G. Greenbaum, WG’80Elisabeth C. and Charles M. Fleischman, WG’86 Gem Capital LLC Greenberg Traurig, LLCCharles & Lisa C. Fleischman Family Foundation General Mills, Inc. Julia and Joel M. Greenblatt, W’79, WG’80William J. Florence, III, WG’90, and General Motors Corporation Geoffrey S. Greener, W’86, WG’87, and Joy V. Seppala, WG’89 Jennifer R. Germain, C’94, and Melissa R. Greener, C’86Factory Mutual Insurance Company Paul E. Germain, W’93 Rita GreenfieldHolly J. Fogle, C’96, W’96 Asim Ghosh, WG’70 Beth A. and David J. Greenwald, W’80Richard L. Fogler, W’67 C. Craig Gile, WG’94 David and Beth Greenwald Family FundFortis, Inc. Stephen J. Gilhooly, W’74, WG’75 Manya K. Greif, CW’65Foot Locker, Inc. Hilary Gillman Stephen J. Gresdo, W’96Lucille Ford Jeffrey E. Ginsberg, W’86, and Maura L. Griffin, WG’93Ford Foundation Jane M. Smith, WG’90 Janelle J. and Michael D. GrimesForest City Ratner Companies Stanley C. and Susan Clayman Glantz, W’82 Michael and Janelle Grimes FundMarilyn Frank Sandra and Kenneth S. Glass, W’82, EE’82 John R. GrimmTodd M. Freeman, WG’87, G’87 William H. Glazer, C’90 Robert S. Grodinsky, C’47 L’50, andNeil M. Freemer Elizabeth K. and Bruce H. Gleason, W’57 Leba P. Grodinsky, OT’51Fremont Group Foundation Edward A. Glickman EAS’78, W’78 W.T. GroomeFremont Realty Capital, LP Pamela M. and Robert B. Goergen, WG’62 Catherine Bonnier Grossman, WG’80Freudenberg-Nok Goergen Foundation Doris M. GrossmannWilliam Frey Asaf Gola, EAS’93, W’93 Frank GrossoDavid Friedman, C’78 Rita S. and Alan J. Gold, W’55 Grundfos Pumps CorporationDavid Friedman Private Foundation Allison R. Goldberg, W’98, and Guggenheim SecuritiesEric G. Friedman, ENG’07, GEN’07, W’07 Joshua Goldberg, C’98 Mauro Guillen and Sandra SuarezLeo and Kathryne Friedman Trust Bonnie J. and Gary R. Goldberg, W’81 Kunal Gupta, ENG’04, W’04, WG’12Steven J. Friedman, C’10, W’10 Steven M. Goldblatt, ENG’92, W’92 Vikram Gupta, W’98, and Laura LeeStewart Friedman Golden Tree inSite Partners Vivake Gupta, WG’06Stephen A. Fromm, EE’86, W’86 Gold Family Foundation Eyal Gura, WG’08FTI Consulting Jay G. Goldman, W’79 Ellen S. and Robert G. Gutenstein, W’55Alexandra J. Fuchs, G’96, WG’96 Gary F. Goldring, W’78, WG’79 Robert G. and Ellen Gutenstein Foundation† Indicates deceased 92 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSJoseph Gyourko James M. Ho, WG’87 Andrew H. Jacobson, WG’93, andH2 Company, Inc. John L. Ho, W’79, WG’82, and Marina K. Jacobson, G’93, WG’93Spencer B. Haber, W’89, WG’91 Maria C. Ho, W’81 Sachin Jade, WG’12Kirk S. Hachigian, WG’86 Hogan Lovells US LLP David R. Jaffe, C’81, W’81Hackberry Endowment Partners Hoglund Foundation Jamestown PropertiesSam E. Haddad, WEV’93 John J. and Edna M. Holahan Fund Scott D. Janzen, WG’87Haddad Apparel Group, LTD. Honeywell, Inc. Carmen Jap, W’99Gloria G. Haft Dannie C. and George K. Hongchoy, WG’91 JBG PropertiesHaier Group David M. Hopkins, WG’65 Jean Madeline-Aveda InstituteJean K. Hamburg Carol A. and James W. Hovey, W’67, GCP’72 C.D. JensenNeil J. Hamburg, W’77, L’80, and Michelle Alford James W. and Carol A. Hovey Foundation Andrew S. Jhawar, W’93The Jean K. Hamburg Living Trust The Howard Hughes Corporation Suvarna JoglekarHankin Foundation Todd C. Howell, ENG’94, W’94 Ryan P. Johnson, W’04William P. Hankowsky Dale E. Hower, WG’81 The Robert Wood Johnson FoundationLynn M. and Lawrence M. Harding, W’85 Hsbc Group Johnson & Johnson Corporate ContributionsDeborah L. Harmon, WG’87 Kelvin V. Hu, EE’06, W’06 Margaret T. Jones, ENG’99, W’99Ian Harris, WG’83 Leo Z. Huang, WG’98 Edward S. Joseph, ENG’90, W’90Hartford Fire Insurance Co. Joelle Huijnen, WG’03 Lisa A. and Michael S. Josephson, W’82Hartford Insurance Group David G. Hunscher, WG’65 Arif T. Joshi, W’98Harvest Equities Estate of I. Erwin Hunsicker, WEV’28 Atul S. Joshi, C’03, W’03, andHCA Healthcare Huntington Bancshares Rina H. Joshi, C’03, W’03Juhi Heda, ENG’10, W’10 Huntington Ingalls Industries JPMorgan Chase & Co.A. Gilbert Heebner, G’67 Huntington National Bank JP Morgan SecuritiesJames J. Heffernen, W’56 Hunt Realty Investments, Inc. JSRE ManagementHelena F Clark Trust Brian K. Hurst, W’94, and Nisha Hurst, W’96 Barbara Thomas Judge, CW’66Ronald I. Heller Husky Energy Inc Kenneth F. Kadish, W’68Heller Family Foundation IBM Corporation Debra A. and James R. Kahn, C’75William L. Henderson, GR’83 Jane Ibrahim, WG’00, G’00 Nancy R. Kail, WG’89, G’89, andJared S. Hendricks, W’02, and Shauqat A. Ibrahim, WG’78 Marcos A. Rodriguez, WG’89, G’89 Jenna A. Hendricks, C’02 Hiroaki Iizawa, WG’98 Anjali J. Kalyani, WG’04Charles H. Hennekens, W’63 James L. Iker, WG’02 Kishore B. Kanakamedala, WG’99Charles Hennekens M.D. Foundation Indorama Matthew S. Kaplan, W’79Hersha Hospitality, LP Information Specialists Group, Inc. Rita M. and Keith E. Kaplan, W’82Etie Hertz ING Clarion Partners Arthur S. Karafin, W’60, L’63, andTheodore J. Hess Trust, W’36, WG’37 Sarah M. Ingmanson, G’04, WG’04 Barbara B. Karafin, GED’63Barbara G. and Stephen J. Heyman, W’59 Inlet Capital LLC Steven A. Karpf, W’70, WG’72Judith S. Heyman International Council of Shopping Centers, Inc. Katten Muchin Rosenman LLPLucille and William C. Hicks, WG’63 International Financial Co., LLC Michael S. Katz, W’82, andWilliam C. S. and Lucille Hicks International Foundation of Roni K. Katz, W’83 Charitable Trust Employee Benefit Plans Axel KauffmanJames P. Highland, G’90, GR’94 International Paper Company Herbert C. Kay, W’59High Real Estate Group Investment Company Institute Mr. and Mrs. Stephen A. Keller, W’41High Rise Capital Management, LP Adrian R. Ironside, WG’08 Keystone Property GroupHigh Rise Capitol Foundation Irwantono Irwantono, W’99 Vandita Khullar SinghHillwood - A Perot Company Hilary and Selwyn Isakow, WG’78 Jerome KingHimmel + Merringoff Properties Isakow Foundation Kingwest & CompanyHines Interests Limited Partnership Island Capital Group Kit Kinports, L’80Hirtle Callaghan & Co., Inc. I-Space Institute LLC Kirkland & Ellis LLPJ. Adam Hitt, W’83, WG’84, and Ronen Israel, ENG’95, W’95 Seth Kisch, WG’12, G’12 JoAnn H. Hitt, W’83 Raymond J. Iwanowski, C’88, W’88 David Klein, WG’13The Hitt Family Foundation, Inc. Jackson Lewis LLP Martin V. Klepper, W’69† Indicates deceased 102 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSRobert A. Knakal, W’84 Faye L. Lane Nancy N. Liffmann, WG’95 andGerald D. Knorr, W’82, WG’86, and Debra F. Langer, C’92 Reid K. Liffmann, WG’95 Monica Thomas Knorr, W’85 Jonathan A. Langer, W’92 Li & Fung Ltd.Karsten Koed Jonathan & Debra Langer Charitable Fund Eli Lilly and CompanyPeggy J. Koenig, WG’86 Carol L. and Robert T. Lapidus, C’83 Terence M. Lim, ENG’88, W’88Koenig Charitable Foundation Eric B. Larson Limited IncNeil H. Koffler, ENG’88, W’88 Eric & Katherine Larson Family Fund Yeechung F. Lin, ENG’91, W’91Keith A. Kohler, G’93, WG’93 Matthew H. Lattman, ENG’04, W’04, WG’08 Lincoln Financial GroupKohl’s William P. Lauder, W’83 Lincoln National CorporationKit Konolige, WG’89, and Lori Konolige, CW’75 Estee Lauder Companies Lion Brothers Company, Inc.Leslie C. Koo, WG’81 Matthew Lavicka, ENG’85, W’85 Lionstone Partners, Ltd.Joshua M. Kopelman, W’93, and Risa J. Lavizzo-Mourey, WG’86 and Ron M. Lior, ENG’93, W’93 Rena C. Kopelman, C’92 Robert Lavizzo-Mourey Bryan H. Lipinski, NU’82Kopelman Foundation Gerald G. Lawrence, WG’75 Barry and Marie Lipman Family FundLawrence M. and Korin A. Korman, WG’92 Lawrence Ruben Company, Inc. Joseph W. Lippincott, W’03Leonard I. Korman, W’57 Lazard Freres & Co. LLC Sean Z. LiuPamela C. and Bradley J. Korman, WG’92 Gian B. Lazzarino, WEV’96 L&L Holding Company, IncorporatedKorman Communities David C. Leader, G’87, WG’87 Keith M. Locker, WG’88Korman Commercial Properties, Inc. Claudia M. Lee, WEV’97 Lockheed Martin CorporationAlissa S. Korn, C’89, and Steven J. Korn, W’89 Jennifer J. Lee, ENG’04, W’04, and Rachel L. Lebenson, WG’03, G’03Elizabeth B. and Douglas R. Korn, W’84 Philip S. Lee, W’03 Longview Management LLPKorn Family Fund Margarette Lee Leon Lowenstein Foundation, Inc.Anthony R. Kozberg, W’94 Stephanie D. Lee, C’91, W’91, and Donald G. Lubin, W’54John P. Kozora, WEV’03 Steven G. Lee, ENG’91, W’91 Kathryn M. Lucas, WG’02Caryn O. Kraff, C’83, and Lowell D. Kraff, W’83 Sung C. Lee, C’91, WG’00 Lucifer Lighting CompanyKraft Foods Inc. Young-Sup Lee, ENG’86, W’86 Kwon T. LungRobert M. Kramer, W’86, and Legg Mason, Inc. Robin G. Lutin Susan M. Kramer, W’86 Meenal Lele, ENG’05, W’05 LVMH-Moet Hennessy Louis VuittonKramer Levin Naftalis & Frankel LLP Scott H. Lenet, WG’97 Susan and Ralph L. Mack, W’82Norman M. Kranzdorf, L’55 Lenovo Group Ltd. Craig C. MacKay, W’84, WG’89Kranzdorf Family Foundation Jennifer E. Leonard, G’00, WG’00 Elizabeth V. MacKayRoland H. Kratzer III, C’86, WG’92 Stephane Lesaffre, G’12, WG’12 MacKay Family FundJohn S. Kraus Nicholas J. Letizia, W’73 Estate of Jane MacKenzie, EF’42Martin R. Kravet, W’82 The Leukemia & Lymphoma Society, Inc. Jean and Ian C. MacMillan,KRE Group, Inc. Leverage Agency H’86, PAR’88, PAR’89Michele A. Kreisler, G’92, GRW’96 Jill Levick James H. MacPherson, W’59Barry and Christina Kringstein Leslie and Stephen Levick Macquarie Bank Foundation, Ltd.Mukund Krishnaswami, ENG’96, W’96, WG’98 Richard L. Levine, W’60 Macquarie Capital AdvisorsSteven Kuan Paul A. Levinson, W’95 Macquarie Holdings (USA), Inc.Lulu M. Kusuma, WG’00 Edythe O. Levitt, W’59 Macy’s, Inc.Julie L. Kuznetsov, G’97, WG’97 Valerie S. Levitt, C’87 Gary F. Madison, WG’87Vladimar Kuznetsov Martin A. Levy, W’58 Madison CapitalKristina S. and James W. Lambert, WG’78 Sander M. Levy, W’83, and Madison International Realty, LLCMartin R. Landau Felicia M. Levy, C’87 Thomas J. Maher, W’63Landmark Partners Liberty Mutual Insurance Company Major League Soccer, LLCRobert D. Lane, Jr., L’77 Liberty Property Trust John B. Malcolm, Jr., WG’59Bruce S. Lane, W’82 Charles S. Lichtman, WG’74 Stephen J. Malkin, WG’88Bruce and Leslie Lane Foundation Kathryn C. and Richard B. Lieb, WG’75 Ludovico C. Manfredi, WG’91Curtis S. Lane, W’79, WG’80, and Robert C. Lieber, WG’84 Mann Enterprises, Inc.Stacey Rosner Lane, C’80 Jeffrey Lieberman, ENG’96, W’96 Dawn S. and Arnold J. MarkowitzCurtis and Stacey Lane Fund Lieberman Family Foundation Mars & Co.† Indicates deceased 112 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSJulie and Gerald M. Marshall, WG’89 Julian N. Millikan, ENG’00, W’00 New York Community TrustMarsh & McLennan Companies, Inc. David L. Millstein, W’67, L’72 New York Life Insurance CompanyFranklin D. Marsteller, WG’79 Takamasa Minami, G’07, WG’07 Henry Nias Foundation IncWilliam F. Martin, WG’74 Jay B. Minkoff, WG’83 Steven A. Nichtberger, C’83, W’83, andMassey Kankal Realty Services Jared Z. Mintz, WG’93 Laura J. Bessen-NichtbergerGilbert L. Mathews, W’70 MIRELF IV AIV, LP The Nielsen Company (BASES)Andrew W. Mathias, W’95 Youlia K. Miteva, ENG’98, W’98 Nippon Life Insurance CompanyKristina E. Mathias, C’94, W’94 Mizuho Financial Group The Nomura Securities Co., Ltd.Yannick J. Mathieu, WG’99 Management Leadership of Tomorrow NordstromGeorge C. Matteson, Jr., W’50 Seth D. Model, WG’85 Northwestern Mutual Life Insurance CompanyMatthews International Capital Modell’s II,Inc. Ernest S. Nounou, W’66 Management, LLC. Ken & Julie Moelis Foundation NUL System Services CorporationShari D. Matz Linda P. and H L. Montague, Jr., C’60 Jed F. Nussdorf, ENG’02, WG’02Erik C. Mayo, W’98 Steven I. Montague, WEV’97 Oaktree Capital Management, LPMary Mc Cleary Alison C. Mora, ENG’10, W’10, GEN’10 Och-Ziff ManagementMcCarthy Cook & Company Morgan, Lewis & Bockius David P. O’ConnorMcElwee Family Fund Morgan Properties John J. O’Connor, WG’61Gerald H. McGinley, W’52 Morgan Stanley Annapoorna Ogoti, WG’04John P. McHugh, ENG’96, W’96 Morgan Stanley Foundation Ohio State University Medical CenterJeffrey S. McKibben, W’93, and Morgan Stanley Smith Barney Judith O’Leary Allison B. McKibben, C’93 Global Impact Funding Oliver McMillanWilliam P. McMullan, WG’76 Donald F. Morrison, PAR’92 Oliver Wyman, Inc.McMullan Family Fund Richard H. Moss, G’87, WG’87 Bryan A. Olson, WG’02Katherine H. and F. William McNabb III, WG’83 MRM Partners Charlene H. Olson, WG’93 andMeadow Partners, LLC M&T Bank Christopher J. Olson, WG’93, G’93MeadWestvaco Foundation Munich American Reassurance Company Shaun F. O’Malley, W’59Medrisk, Inc. Robert V. Murdocca, W’91 Omya Industries, Inc.Medtronic, Inc. Peter W. Murray, WG’66 Onex Real Estate PartnersJohn F. Megrue, WG’84, and Mutual of America Life Insurance Company Ontario Pension Board Lizanne G. Megrue, WG’84 Joshua J. Nadell, W’89, and Oppenheimer FundsMelander Group LLC Stacey E. Nadell, C’89 Steven E. Orbuch, C’88Melia Hotels International SA Joshua and Stacey Nadell Fund Orchard PropertiesBernardo S. Mello, G’97, WG’99 Mindy E. Nagorsky-Israel, C’94, W’94 The Oregon Community FoundationJose A. Mendez, W’54 Asuka and Karen S. Nakahara Susan and Fredrick K. Orkin, WG’76, FEL’72Mercator, Inc. Eileen Cheigh Nakamura, WG’96, and Orrick, Herrington & Sutcliffe LLPMerck & Co., Inc. Kunihiro Nakamura, W’90 Otsuka PharmaceuticalsMerck Sharp & Dohme Corporation NASA Outlet PartnersRobert K. Mericle, W’85 NASDAQ OMX Group, Inc. Matthew P. Owens, ENG’10, W’10, GEN’10Robert E. Mescal, Jr., WG’77 Martin D. Nass Owens-Corning Fiberglas CorporationMetropolitan Life Insurance Company National Football League Mehmet C. Oz, M’86, WG’86M & G Polymers National Security Agency Pacific Coast Capital Partners, LLCJeffrey I. Michelson, D’82 Nationwide Mutual Insurance Company Pacific Investment Management Company LLCMicrosoft Corporation Naval Air Warfare Center Susan W. and William PalaceThe Mid-America Management Corporation NBC Universal, Inc. Suyash Paliwal, W’02, WG’02Milestone Group Neighborhood Revitalization Group Palladin Capital Group, Inc.Samuel C. Milkman, C’85 Nancy and Bruce L. Newberg, W’79, WG’80 Michael Palladinetti, GEN’99, WG’06Lewis M. Miller, W’85, WG’85, and The Bruce and Nancy Newberg Fund Matsushita Electric Industrial Co., Ltd. Sharon Z. Miller, W’85 New Media Metrics, Inc. Jill K. Pancha, GEE’89Matthew Miller Benjamin L. Newton, C’07 Pramod Pancha, EE’88, W’88,Sari Miller, WG’77 David S. Newton, WG’81 GEE’91, GRE’94Miller Realty Philanthropic Fund Newton Family Fund Panco Management of New Jersey LLC† Indicates deceased 122 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSAlexander S. Panos, W’92, WG’97 Property Casualty Insurers Harold L. Rosenberg, W’79, andPamela and Edward S. Pantzer, PAR’93 Association of America Laurie A. SayetPantzer Properties, Inc. Prudential Financial Paul I. Rosenberg, W’59Paramount Group Inc. PT Sentosa Laju Energy Robert A. Rosenberg, W’72Doris Parker Tommy Puk Ann and Seymour RosenbergRishi K. Patel, EE’98, W’98 Kathryn E. Purdy, W’09 Louis S. Rosenfeld, WG’82, andMelissa J. Pearce, WG’01, G’01 Richard S. Pzena, W’79, WG’80 Blair Treisman Rosenfeld, C’89PECO Energy Company Pzena Charitable Foundation Patti G. and Ronald A. Rosenfeld, W’61Theodore Pedas, WG’54 Qooco Incorporated Rosenfeld Family Charitable FoundationArthur H. Penn, W’85, WG’86, and Jeffrey S. Quicksilver Bruce A. Rosenfield Ilene Dalinka Penn, C’88 Quidsi, Inc. Bennett Rosenthal, W’85, WG’86, andErica J. and Kevin S. Penn, W’83 Radian Guaranty, Inc. Allison K. Rosenthal, L’91Kevin & Erica Penn Charitable Rosanna L. Ramos-Velita, G’92, WG’92 and Allison & Bennett Rosenthal Fund Foundation of the Je Hans P. Levin, WG’91 Jennifer A. RossJ. C. Penney Company, Inc. Bruce Ratner Jeffrey K. Rothenberg, W’77, WG’77Penn Scholars Foundation RBC Capital Markets Corporation Reid S. Rothenberg, C’11PA Real Estate Investment Trust Robin K. Reagan, WG’89, G’89 Pamela and Stuart M. Rothenberg, W’84, L’87Karen W. Perlmutter, C’88 Sashi P. Reddi, GRW’94 Pamela and Stuart Rothenberg FoundationPerry Ellis International, Inc. Sherman R. Reed III, W’52 Lynn D. Rothman, WG’88Pfizer, Inc. Catherine A. Reed, WG’87 Pierre-Yves Roussel, WG’93Philadelphia Eagles Football Club Dale Reiss Brett A. Rowland, W’94The Philadelphia Foundation Dale Reiss and Jerome King Fund Royal Abstract of New YorkPhiladelphia Gas Works Sheri and John M. Reiss, W’81, L’84, WG’84 Royal Bank of ScotlandPhillips-Van Heusen Corporation The Related Companies, LP Julia A. Rubalevskaya, C’06, W’06, WG’12, G’12David A. Piacquad, WG’84 Byron R. Renfro, WG’03 Richard RubenPhilip Pilevsky Mitchell R. Resnick, W’94, and Carin E. Langen David B. Rubenstein, WG’91Pilot Real Estate Group Bruce M. Resnikoff, W’79 Rubenstein PartnersPimco Resnikoff Family Fund Rubicon GlobalLinda M. Plattus, W’85, and Resource Capital Partners, Inc. Wendy and Kenneth A. Ruby, W’55 Seth P. Plattus, L’86 Resource Properties, Inc. Ruby Family FoundationPNC Bank Retail Services & Systems, Inc. Peter S. Rummell, WG’71Martin D. Polevoy, L’67 Retail Sites, LLC Joanne M. and William A. Runner, Jr.,Janet and Robert A. Pollan, EE’82, W’82 Sarah W. and Sean H. Reynolds, WG’93 WEV’64, WEV’66Robert and Janet Pollan Philanthropic Fund Robert J. Rieger, W’77 Steve RussellHiroko and Gregg S. Polle, W’82 Marietta A. Ries Lavicka, C’86 Russian American Mortgage Co.Polo Ralph Lauren Corporation Diana R. Riklis, C’76, GED’77, and Choonho Ryu, G’92, GRW’93David C. Pong, W’91 Ira D. Riklis, W’76, WG’77 Nima Safabakhsh, G’07, WG’07Cheri A. and Jerry D. Poole, WG’95 Michelle L. Riley, C’95, GED’96, and Charles D. Safford, WG’59Michael C. Poulos, W’93 Richard J. Riley, W’96 Beth T. SafranGilberto Pozzi, WG’95 Ashraf R. Rizvi, W’86 Sage Group, LLCEthan E. Prater, WG’04 Suhail R. Rizvi, W’88 Saint Barnabas Health Care SystemLynn and Steven D. Pratt, WG’71 Lawrence M. Robbins, ENG’92, W’92 John J. Sakoff, WEV’76Douglas A. Present, WG’90 Eric W. Roberts, W’86 Saks Fifth AvenuePresent Family Foundation Eric W. Roberts Fund Saks IncorporatedJennifer B. Press, ENG’00, W’00 Daniel C. Robinson, W’02, WEV’03 Judy SamelsonAdrienne A. Price, W’78, C’78, G’78, and Rockwood Capital Corporation Sam & Peggy Grossman Foundation Gene L. Wexler Neal I. Rodin Robert E. Sanchez, WG’93PricewaterhouseCoopers Nicolas R. Rodriguez-Brizuela, G’06, WG’06 Prakash Santhana, WG’06Jaime Prieto, WG’03 Bryan S. Romano, W’98 Amitrajya Saraogi, WG’01Stefanie L. Prigge Betsy and Donald P. Rosen, C’78 Albert K. and Jodi S. SassoonPrima Capital Advisors, LLC John E. Rosenbaum, C’80, W’80 Saul Ewing LLP† Indicates deceased 132 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSRobert J. Savage, W’89 Shasta Ventures Management, LLC Jane M. Smith, WG’90 andSavills Granite LLC Joanna and John H. Shaw III, WG’69 Jeffrey E. Ginsberg, W’86Normand R. Savoie, C’86, G’91, WG’91 John W. Shaw, WG’82 Jeffrey C. Smith, W’94Bryan Sayer Shaw & Company Nathan B. Snyder, WG’05SCA Americas, Inc. Robert Sheft, W’83, and Hope Gittis Sheft, C’86 Société GénéraleWilliam Schawbel, W’61 Robert and Hope Sheft Philanthropic Fund Society of ActuariesJeffrey S. Scheck, W’86 Dan and Lizette Sheinberg Adam D. Sokoloff, W’84, andAdrienne & Jeffrey Scheck Philanthropic Fund Robert E. Sheker, ENG’91, W’91 Susan D. Sokoloff, C’84Roger O. Schembs, W’52 Shell Oil Company Marshall S. Somers, C’74, WEV’86Curtis J. Schenker, C’80 Ned L. Sherwood, W’71, and Andrew J. Song, ENG’09, W’09Jean L. Schere, C’69, G’70, WG’72, G’81 Emily Layzer Sherwood, CW’73 Patrick Songsanand, ENG’95, W’95Mr. and Mrs. Harvey Schermer Ned and Emily Sherwood Foundation Southern CompanyPeter D. Schiffrin, C’73, WG’78 Sherwood Equities, Inc. Christian B. Sowul, ENG’97, W’97Frank B. Schmidt, W’62 Mimi Shih, WG’10 Stacey SpectorSchneider National, Inc. Albert K. Shin, EE’94, W’94 Craig A. SpencerBruce Schonbraun Christopher L. Shoemaker, W’91, WG’97 Spencer Gifts, Inc.William J. Schottenstein, W’76 Robert H. Shorb, Jr., WG’84 Jay S. Spivak, ENG’89, W’89Saul Schottenstein Foundation Alan Shuch and Leslie Wohlman Himmel, Ronald R. Spoehel, W’79, GEE’80, WG’80Daniel C. Schwab, W’91 CW’75; then move to the S section Beth B. Sprole, W’87Michael J. Schwab, W’85 John L. Sica, W’83, WG’88, and Square Mile Capital Management LLCAmy Schwab-Silfen, W’83, WG’88 Heather Renton Sica, WG’89 Stephen SquiresAdam R. Schwartz, C’98, and SICA family LLC James B. Stake, WG’79 Lauren G. Schwartz, C’99 Glen B. Siegel, W’82, and Amy Y. Siegel, W’83 Starwood Capital GroupDavid N. Schwartz, W’99 Jill and Stuart G. Siegel, W’85 State Farm Mutual Automobile InsuranceJeffrey B. Schwartz, W’96 Stuart and Jill Siegel Charitable Foundation CompanyMark J. Schwartz, W’79 Jan A. Sigmon, C’82 State Metals, Inc.Monique B. and Robert J. Schweich, W’55 Adam G. Silfen, C’98, WG’03 State Street Bank and Trust CompanyRobert J. Schweich Fund David & Lyn Silfen Foundation No 2 State Street CorporationRachel Scott Silverlake Technology Management, LLC William G. Staton, WG’71Seabreeze Foundation Amy S. Silverman Mary SteadmanJo V. Seibert, WEV’78 Jane Aresty Silverman, GCP’70 Scott B. Stein, ENG’03, W’03Martin Selig, W’59 Robert A. Silverman, L’81 Harold and Mimi Steinberg Charitable TrustMartin Selig Real Estate Silver Point Capital LP Leslie Morgan Steiner, WG’92 andVivian C. Seltzer, SW’53, and Silverstein Properties, Inc. Perry W. Steiner, WG’93 William Seltzer, C’49 Ian Timothy Simmonds, WG’05 Perry Winter and Leslie Morgan Steiner FundAydin Senkut, G’96, WG’96 Barry Simon Gregory L. Steinhauer, W’84Sponsors for Educational Opportunity Jacqueline S. and David E. Simon Jeffrey M. Steren, W’73 Career Program David E. Simon, W’95, WG’01, and Eric L. SternAnshu and Vinit Sethi, C’95, W’95 Stephanie B. Simon, C’96, W’96 Michael SternEugenio Sevilla-Sacasa, WG’81 Simon Property Group, Inc. Steven T. Stern, C’65Sevilla-Sacasa Charitable Fund James D. Simpson, WG’65 Norman A. Stevens, W’53Kisti A. Shah, W’99 Rebecca P. and Bruce A. Singer Stevens & LeeNeil H. Shah, C’95, W’95 Priscilla Singer-Halper, WG’90, and Jamie Halper Karen H. and John B. Stine II, W76, WG’79Ronak Shah, WEV’02, WEV’03 Rohit Singh, C’02, W’02 Richard J. Stockton, WG’97Shanghai Jiao Tong University Sirius XM Radio, Inc. Stoltz Management of Delaware, Inc.Hal Shanis Andrew P. Siwulec, WG’76 Story WorldwideBarbara J. and Edward L. Shapiro, W’86 SJM Partners, Inc Linda and Elhanan Streit, WG’65Edward L. & Barbara J. Shapiro Trust Skidmore, Owings & Merrill LLP Student Federal Credit UnionIsadore Sharp SL Green Realty Julien J. Studley, Inc.The Sharp Foundation Alfred P. Sloan Foundation Suez Usa, Inc.James P. Sharples, WG’03 Smart Family Foundation Daniel S. Sundheim, W’99, and Brian G. Smith, G’04, WG’04 Brett A. Sundheim, C’01† Indicates deceased 142 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Investors LEADERSHIP GIFTSSunrise Brands, LLC Daisy Tsui Jeffrey M. Weingarten, W’70Mike Susoev, WG’87, G’87 Turnkey Sports, LLC Jeffrey and Susan Weingarten FoundationSusquehanna Holdings Co. Two Trees Management Company LLC Philip R. Weingold, W’82Davor P. Sutija, CHE’83, W’83 Diane L. Ty, G’87, WG’87 Katherine and Samuel J. Weinhoff, WG’74Swiss Re Holding NA, Inc. Tyco Electronics Corporation Barbara WeisbeinSyngenta Corporation UDR, Inc. Paul F. WeisbeinTaconic Investments Partners, LLC Ultra Hardware Products, LLC Weiss Asset Management LPCharbel H. Tagher, WG’76 Judith Underwood, WG’79 Wells Fargo Bank, N.A.Henry Y. Tam, EE’03, GEE’03, W’03 Unilever Wells Fargo Commercial MortgageMelvin C. Tang, ENG’98, W’98 Union Bank Wells Fargo CompanyRuth Tanseer United Water Resources Inc Rosa C. Welton, ENG’95, W’95Bernard A. G. Taradash, W’54 University of Michigan John D. Wertheim, WG’73, G’77Target Corporation University of Technology Susan WestfallRobert M. Taubman, W’41 Urdang Capital Management Wharton Graduate AssociationThe Taubman Company U.S. Bancorp David P. Wheeler, WG’76Pauline C. Taylor, WEV’95, WEV’96, GFA’99 U.S. Tennis Association Philip J. Whitcome, WG’76†TD Securities Inc Robert K. Vahradian, WG’86 Lawrence White, L’75Technogel-America Roland A. Van Der Meer, W’82, EE’82 Wendy S. White, L’75Teradata Corporation Van Der Meer Revocable Trust Jennifer S. andBruce E. Terker, W’76, G’78, GRW’99 The Vanguard Group, Inc. Benjamin J. Whitfield, C’98, W’98Christophe P. Terlizzi Vantage Properties, LLC Griffin Davies Whitney, WG’05Texas Instruments Foundation Matthew M. Verghese, EE’06, W’06, WG’12 Williams-Sonoma, Inc.Texas Instruments Incorporated Aaron L. Vermut, WG’00, and William T Morris Foundation, Inc.Thackeray Partners LP Adriana L. Vermut, C’00 Spencer J. Willig, C’06, G’09, G’10, L’10The Hub VF Corporation Gail C. WilsonThe J.P. Morgan Chase Foundation Vocus, Inc. Vardina L. Wind, ASC’75, and Yoram J. WindSusan Thorp Estate of John Vollmayer, WG’54 Anthony WojtkowiakTIAA-CREF Institute Vornado Realty Trust Gregory S. and Nancy B. WolcottThe Timken Company Wachs-Weingarten Charitable Trust Derish M. Wolff, C’57, andThe TJX Companies, Inc. Neal Wadhera, ENG’97, W’97, GEN’04, WG’04 Maureen RobinsonCordelia J. To, W’99, G’04, WG’04 Richard F. Wagman, W’91 Keet M. Wong, WG’03Tohmatsu & Co. Walgreen Company Yuang WongRobert A. Toigo Foundation Charls E. Walker, GR’55 WP Realty, Inc.Toll Brothers, Inc. Walton Street Capital, L.L.C. Myra WrubelSteven M. Tonkovich, W’89 Claudia P. and David C. Wang, W’98 Kathleen E. Wu, ENG’09, W’09Robert P. Torretti, G’00, WG’00 Dee K. Wang The Xander Group LLCAmy M. Torri, ENG’99, W’99 Hao Wang, C’08, W’08 Xerox CorporationTotal Wine & More Tina L. Wang Yiqingzhai FoundationTowers, Perrin, Forster & Crosby John A. Ward III, WG’69 Jason S. Young, ENG’04, W’04, andToyota Motor Engenireening & Langdon T. Ward, ENG’03, W’03 Eileen S. Young, ENG’04, W’04 Mfg. North America, Inc. Ward Family Foundation Deborah Miller Zabel, CW’66, WG’94Carlos Trad Freneau, WG’12 Wasserman Foundation Eric H. Zabinski, ENG’92, W’92Travelers Corporation Wawa, Inc. Jeffrey J. Zajkowski, W’87, andTrecap Partners WeatherPredict Consulting, Inc. Deborah K. Zajkowski, W’86David J. Trone, WG’85, and Ellen Edelman Weber, W’82 and Martin A. Zawatsky June M. Trone, WG’85 Robin L. Weber, EAS’82, W’82 Ehsan E. Zayan, CW’73Robert Trone, W’81, L’91 Joshua Z. Wechter, C’03, W’03 Jane Z. Zhu, W’15Robert G. Trout, GM’60, and Brian Weigandt, WG’12, G’12 Richard S. Ziman Anne H. Trout, CW’46 Julian M. Weigle, W’42 Matthew J. Zola, ENG’90, W’90T. Rowe Price Associates, Inc. Melissa V. Weiler, W’86 Alexander J. Zolan, ENG’07, W’07T. Rowe Price Charitable Giving Fund Bryan S. Weingarten, W’82, and ZS Associates Marjorie W. Weingarten, C’85 Brian S. Zwerner, W’95† Indicates deceased 152 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

The Wharton FundEducation Innovation Wharton represents the finest investment in a business education—both in knowledge gained and in a lifelong association with one of the most respected names in academia. The Wharton Fund provides resources to fund high-priority initiatives of the School: it helps invigorate our inno- vations in academic programs and student and alumni services; it builds our competitiveness in attracting the best students and faculty; it gives us the flexibility to pursue next-level opportunities. The Wharton Fund also helps to bridge the gap between the actual cost of educating students at Wharton and the income generated from tuition and endowment.

The Dean’s CircleThe Wharton FundGifts of $100,000 and AboveThe Dean’s Circle honors our most generous donors to the Wharton Fund. These individuals have made a powerful statement,which illustrates the importance of annual giving, by donating $100,000 or more in gifts to the Wharton Fund during fiscal year 2012. Anonymous (5) 11. Robert Wolf, W’84 Chief Executive Officer 32 Advisors, LLC Not Pictured Clifford I. Rackson, W’81, WG’82 Managing Member Rackson Asset Management2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 17

125th SocietyThe Wharton FundPledges of $100,000 and AboveCreated in celebration of Wharton’s 125th anniversary in 2006, the 125th Society recognizes those individuals who havepledged $100,000 or more to the Wharton Fund. Anonymous (5) Pictured1. Joseph G. Ansanelli, W’92 Partner Greylock Partners2. Mehmet Habbab, W’65, WG’67 123 Chairman Delta Star Petrol Enerji Ticaret A.S.3. Sami Habbab, W’98 Chief Executive Officer Delta Rubis Petroleum4. Andrew M. Heller, WG’79 President and Owner Heller Capital Corporation5. Brynn and Peter Huntsman 456 President and Chief Executive Officer Huntsman Corporation6. Lara E. and Anthony R. Ignaczak, W’86 President Quad-C Management, Inc.2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 18

125th Society THE WHARTON FUND7. Jeffrey S. Katz, WG’71, and 7 89 Beth A. Rogers 10 11 12 Chief Executive Officer and Principal Owner Not Pictured Sherwood Equities, Inc. Diane J. and John Patience, WG’738. Lisa and David J. Matlin, W’83 General Partner Chief Executive Officer Crabtree Partners LLC MatlinPatterson Global Advisers LLC Jaime Peisach, W’88, and9. Jerry M. Seslowe, WG’69 Cheryl Peisach, W’87 Managing Director Owners Resource Holdings, Ltd. Passion Growers10. Nancy and Geoffrey L. Stack, WG’72 Diana D. and Managing Director James E. Yacobucci, WG’74 Sares-Regis Group General Partner Winfield Associates LLC11. K. Robert “Bobby” Turner, W’84, and Lauren Golub Turner, W’85 Partner (Chairman, CEO and Co-Founding Partner) Canyon Capital Advisors LLC (Canyon Capital Realty Advisors LLC)12. Catherine P. and Randall J. Weisenburger, WG’87 Executive Vice President & Chief Financial Officer Omnicom Group, Inc. 2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 19

The Wharton Fund The Reginald H. Jones and Grace Cole Jones Decade DonorsGifts of $25,000 or More to the Wharton Fund for 10 Consecutive YearsThe following individuals are honored for their outstanding leadership and generosity in supporting the Wharton Schoolat the Joseph Wharton Society level for 10 or more consecutive years. The late Reginald “Reg” H. Jones, W’39, H’90,who led General Electric and was an outstanding example of alumni leadership and support, is recognized through thisnamed level of distinction.1. Katherine Shen and 1 2 3 Pei-yuan Chia, WG’65 4 5 6 7 8 9 Retired Vice Chairman 10 11 12 Citicorp-Citibank 202. Perry Golkin, W’74, WG’74, L’78, and Donna O’Hara Golkin, WG’77 Chief Executive Officer PPC Enterprises LLC3. Andrew M. Heller, WG’79 President Heller Capital Corporation4. Karen C. and Jon M. Huntsman, W’59, HON’96 Founder and Executive Chairman Huntsman Corporation5. John L. Kelsey, WG’50 Retired6. Alain M. Levy, WG’727. Diane v.S. and Robert M. Levy, WG’74 Partner, Chairman & Chief Investment Officer Harris Associates LP8. John F. McCartney, WG’76 Chairman Huron Consulting Group9. James B. McElwee, WG’76 Director James McElwee Venture Advisory10. Kristin D. and Rodney A. McLauchlan, WG’78 Board Director Legacy Trust Company11. Marie and Joseph J. Melone, W’53, WG’54, GR’61 Retired President and Chief Executive Officer AXA Financial, Inc.12. Michael D. Zisman, GEE’73, GR’77, and Linda J. Gamble, LPS’10 President Golf Genius Software2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

The Anvil SocietyThe Wharton FundGifts from $50,000 to $99,999In 2006, and in honor of Wharton’s 125th anniversary, the Anvil Society was created to recognize those donors who gave$50,000 to $99,999 to the Wharton Fund. The anvil reflects Joseph Wharton’s pioneering work in the metals industry and hasbecome a symbol for those individuals whose commitment to the School has set them apart as leaders and role modelsfor fellow alumni.1. Steven J. Aresty, WG’87 President Alfred Dunner Retail LLC2. Venkat H. “Vinnie” Badinehal, WG’96 Co-Head of Americas Financial Institutions Group Investment Banking Deutsche Bank3. Dahlia and Arthur H. Bilger, W’75 123 4. Govind V. Iyer, WG’89 Managing Partner Egon Zehnder International (India) Pvt. Ltd.5. Eric Kessler, WG’79 President and Chief Operating Officer Home Box Office, Inc.6. James B. McElwee, WG’76 4 56 Director James McElwee Venture Advisory 7. Clement Pappas, WG’09 Chief Executive Officer Clement Pappas & Co., Inc. 8. Octavio C. Pereira Lopes, WG’96 Partner  GP Investments9. Shari and Richard A. Sapp, WG’81 789 Private Investor2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 21

THe Anvil Society THE WHARTON FUND 10 1110. Inder S. Sidhu, WG’91 Senior Vice President Cisco Systems, Inc.11. Ivan D. Trifunovich, WG’98 President, Chief Executive Officer & Director Wafergen Biosystems, Inc.12. Dorinda and Mark Winkelman, WG’73 Senior Director The Goldman Sachs Group, Inc. 12 Not Pictured Lillian C. Pardee, OT’47† Ellen H. Adams, WG’84 Jess M. Ravich, W’79, WG’79 Managing Director Head of Alternative Products Castlerock Management Trust Company of the West David Altshuler, WG’93, and Kevin S. Seo, WG’97 Sharman B. Altshuler, V’96 Chief Executive Officer Founder and Chief Executive Officer NOWCOM, Inc. TechFoundation Brian Thurman, WG’82 Robert J. Bishop, WG’86 ATL Ocean LLC Principal Impala Asset Management LLC Diana D. and James E. Yacobucci, WG’74 General Partner Roger Crandall, WG’02 Winfield Associates LLC Chairman, President & Chief Executive Officer Massachusetts Mutual Life Insurance Company George L. Noble, WG’81, and Constance A. Bakke-Noble, GED’80 Noble Partners† Indicates deceased 222 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

The Joseph Wharton SocietyThe Wharton FundGifts of $25,000 and 49,999These donors, who have given from $25,000 to $49,999 to the Wharton Fund this fiscal year, are paving the way for generationsto come. By recognizing the need for unrestricted giving at a high level, they set important giving standards that help to buildupon our history of support to the Wharton Fund. Anonymous (8)1. Joseph G. Ansanelli, W’92 Partner Greylock Partners2. Edward N. Antoian, WG’82 123 Partner, Chartwell Investment Partners Founder, Zeke Capital Advisors3. Mohamed B. Bassatne, WG’89 Chief Executive Officer BB Energy Group4. Shelley A. and Grant G. Behrman, WG’77 Co-Founder and Managing Partner Behrman Capital5. Milton R. Berlinski, WG’80 456 Chairman and Chief Executive Officer Uretek 6. Nancy L. and Robert S. Blank, L’65 Co-Chairman and Co-Chief Executive Officer Whitcom Partners7. Norine I. and Geoffrey T. Boisi, WG’71 Chairman and Chief Executive Officer Roundtable Investment Partners LLC8. Samuel R. Chapin, WG’84 789 Executive Vice Chairman Bank of America Merrill Lynch9. Katherine Shen and Pei-yuan Chia, WG’65 Retired Vice Chairman Citicorp-Citibank2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 23

The Joseph Wharton Society THE WHARTON FUND10. Arthur D. Collins, Jr., WG’73 Retired Chairman and Chief Executive Officer Medtronic, Inc.11. Philip M. Darivoff, W’79, WG’85, and 10 11 12 Besty Marks Darivoff, C’79 Director of Alumni Relations Goldman, Sachs & Co.12. James E. Daverman, WG’73, and Wendy Pearson Daverman, SAM’72 Managing Partner Redfish Partners13. Josephine and Dolf R. DiBiasio, WG’69 Retired Senior Partner McKinsey & Co.14. James G. Dinan, W’81 and 13 14 15 Elizabeth R. Miller Founder and Chief Executive Officer York Capital Management LP15. Thomas and Connie K. Duckworth, WG’79 Founder and Chief Executive Officer ARZU STUDIO HOPE16. Jacalyn C. and 16 17 18 William P. Egan II, WG’69 Founder and General Partner Marion Equity Partners17. David D. Fleet, WG’83 Retired President Western Asset Management Company18. David N. Fleischer, C’70, WG’76, and Judith M. Fleischer, WG’76 Principal Chickasaw Capital Management, LLC19. David B. Ford, WG’70 19 20 21 President DBF Associates 20. M.J. and Samuel J. Foti, W’74, G’78 President and Chief Executive Officer Halley Capital LLC21. Alan E. Gilbert, WG’91 Vice Chairman Amherst Securities Group LP2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 24

The Joseph Wharton Society 28 THE WHARTON FUND 22 23 2422. Perry Golkin, W’74, WG’74, L’78, and 25 26 27 Donna O’Hara Golkin, WG’77 28 29 30 31 32 33 Chief Executive Officer PPC Enterprises LLC23. Vidya and Sanjay Govil, WAM’08 Non Executive Chairman and Founder Infinite Computer Solutions, Inc.24. Mary and Robert M. Haft, W’74 Chairman Main Street Lender25. James E. Hahn, W’86 Partner and Managing Director JC Asia Alpha Private Equity26. Joshua J. Harris, W’86 Co-Founder and Chief Investment Officer Apollo Management LP27. Taizo Hasebe, WG’96 Managing Director TPG Axon Capital (HK) Ltd.28. Susan and Richard M. Hayden, WG’69 Chairman Haymarket Financial LLP29. Thomas J. Hopkins, WG’87 Founder and Managing Director Colchester Capital LLC30. Cathey S. and Donald D. Humphreys, WG’76 Retired Senior Vice President and Principal Financial Officer Exxon Mobil Corporation31. Karen C. and Jon M. Huntsman, W’59, H’96 Founder and Executive Chairman Huntsman Corporation32. Nina and S.A. Ibrahim, WG’78 Chief Executive Officer Radian Group Inc.33. Lara E. and Anthony R. Ignaczak, W’86 President Quad-C Management, Inc.2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 25

The Joseph Wharton Society 34 THE WHARTON FUND 37 35 3634. John L. Kelsey, WG’50 40 38 39 Retired 43 41 42 44 4535. Dow Kim, W’84, WG’90 Private Investor36. Pamela C. and Bradley J. Korman, WG’92 Co-Chief Executive Officer Korman Communities37. Nelson J. Lam, WG’87 President The Lam Group, Inc.38. Gloria M. and William H. Lawrence, W’83 Founder and Chief Executive Officer Meridian Capital Partners, Inc.39. Alain M. Levy, WG’7240. Diane v.S. and Robert M. Levy, WG’74 Partner, Chairman & Chief Investment Officer Harris Associates LP41. Jane and Michael F. Lewis, W’74 Chief Executive Officer ILD Corporation42. Richard J. Mack, W’89 Chief Executive Officer, North America AREA Property Partners43. Vikram Malhotra, WG’86, and Mary B. Malhotra, G’86, WG’86 Chairman of the Americas, McKinsey & Company (Vikram) Consultant, MBM Consulting (Mary)44. John McCartney, WG’76 Chairman Huron Consulting Group45. Kristin D. and Rodney A. McLauchlan, WG’78 Board Director Legacy Trust Company2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 26

The Joseph Wharton Society 46 THE WHARTON FUND 49 47 4846. Marie and Joseph J. Melone, 52 50 51 W’53, WG’54, GR’61 55 53 54 56 57 Retired President and Chief Executive Officer AXA Financial, Inc.47. L. David Mounts, WG’04 Chief Executive Officer Inmar48. Jane E. and Daniel S. Och, W’82 Founder and Chief Executive Officer Och-Ziff Capital Management Group49. Susan and Steffen W. Parratt, WG’98 Software Entrepreneurs50. Theodore Pedas, WG’54 President Circle Management Company51. Robert L. Rosner, WG’85 Founding Partner and Managing Director Vestar Capital Partners Europe52. John M. Roth, W’80, WG’80 and Lauren Razook Partner Freeman Spogli & Co.53. L. Chris Saenger, WG’93 Partner Reliant Star Capital54. Denise and Andrew M. Saul, W’68 Managing Partner Saul Partners LP55. Alfred N. Schindler, WG’78 Chairman Schindler Holding Ltd.56. Jeanne J. and Joseph F. Scoby, W’87, G’87 Chief Executive Officer PEAK6 Investments, LP57. David A. Sherman, W’82 Chairman Sherman Residential2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 27

The Joseph Wharton Society 58 THE WHARTON FUND 61 59 6058. Alan Shuch and 64 62 63 Leslie Wohlman Himmel, CW’75 65 66 Advisory Director, Goldman Sachs Asset Management (Alan) Partner, Himmel + Meringoff Properties (Leslie)59. Candye and William S. Spears, WG’67 Chairman & Founder Cenergistic, Inc.60. Katherine and Samuel J. Weinhoff, WG’74 Managing Director Schroders Incorporated61. R. Graham Whaling, WG’88 Founder and Managing Director Parkman Whaling LLC62. Thomas K. Whitford, WG’82, and Margaret B. Lehr, C’76, WG’82 Vice Chairman, PNC Financial (Thomas) Writer (Margaret)63. Richard J. Williams, WG’87 Co-Founder, Managing Partner WestView Capital Partners64. Gary L. Wilson, WG’63 Private Investor65. Robin and Marc B. Wolpow, W’80 Co-Founder Audax Group66. Michael D. Zisman, GEE’73, GR’77, and Linda J. Gamble, LPS’10 President Golf Genius Software2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 28

The Joseph Wharton Society THE WHARTON FUNDNot Pictured Ronald E. Hohauser, WG’97, and Rosanna L. Ramos-Velita, Nimia V. Del Rosario, GED’99 G’92, WG’92 and Hans P. LevinCatherine and Joseph J. Aresty, W’43 Founder and Principal Chairman of the Board, Latus Advisors, LLCCynthia G. Biondi, WG’83 Caja Rural Los Andes (Rosanna)Hansen A.S., Inc. David M. Horn, C’63, WG’68 and Senior Vice President,Treasury at Susan Mason Horn, W’68Candice K. Chia, C’97, WG’03 President, American Capital Group (David) Prudential Financial (Hans) Owner/Realtor Associate, ETC Designs/Roberto F. Civita, W’57 Jean-Pierre C. Rosso, WG’67Chairman and Editor-in-Chief Sotheby’s International Realty (Susan) Executive ChairmanAbril World Economic Forum USA Peggy J. Koenig, WG’86William J. Florence III, WG’90, and Managing Partner & Marcia W. andJoy Victoria Seppala, WG’89 Co-Chief Executive Officer Paul W. Soldatos, WG’74 ABRY Partners PartnerSharon A. Fordham, WG’77 AEA Investors LPPrincipal Angelo J.Y. Koo, WG’93The Fordham Group Chairman and Chief Executive Officer Jing Shyh Samuel Su, WG’83 China Development Industrial Bank President, China DivisionW. Frank Fountain, WG’73, and Yum! Brands, Inc.Sharma Richmond Fountain, WG’72 Zulfiqarali H. Lakhani, WG’78President Managing Director Allen A. Weaver, WG’85, andChrysler LLC Colgate-Palmolive (Pakistan) Ltd. Jennifer Sullivan Weaver, WG’85 Senior Managing DirectorDavid J. Gilbert, WG’87, and Bong Suh Lee, W’59 Prudential Capital GroupSusan B. Gilbert, WG’87 ChairmanChief Investment Officer Danam Corp. Loralee and Alfred P. West, Jr., WG’66Clarion Partners Chairman and Chief Executive Officer Jenny Magee SEI Investments CompanyNewton G.Z. Glassman, WG’90Managing Partner Claude M. Marion, WG’80 Mary and Scott A. Wieler, WG’87The Catalyst Capital Group, Inc. Managing Director Chairman Spinnaker Capital, Ltd. Signal Hill Capital Group LLCPasi M. Hamalainen,EE’92, W’92, G’93 James M. Norris, WG’97 Constance H. Williams, WG’80 andRetired Managing Director Managing Director Sankey V. Williams, WG’77, INT’77PIMCO Vanguard International Diane J. and John Patience, WG’73 General Partner Crabtree Partners LLC Sundararajan Pichai, WG’02 Senior Vice President, Chrome Google, Inc.2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 29

FoundersThe Wharton FundGifts from $10,000 to $24,999Anonymous (7) David Ertel, W’87, WG’88, and Urvashi and Shiv V. Khemka, WG’90, G’90** Laurence G. Allen, W’79, WG’82 Beth Seidenberg Ertel, W’88, WG’92** Thomas C. King, WG’89, andSonia and J. Antonio Baltodano, W’73** Sebastian Escarrer, WG’93** Lynn E. King, WG’89^ Derek and Bonnie Miao Bandeen, C’80, WG’85 David R. Fassnacht, W’88^ Kit Konolige, WG’89, andEdgar W. Barksdale, Jr., WG’68, and Mary C. and Christian A. Felipe, WG’86^ Lori Konolige, CW’75 Joan Barksdale, G’68 Randi and Mark B. Fisher, W’82, WG’83 Ann McLaughlin Korologos, WG’88 Shari R. Beck, W’87 and John L. Flannery, Jr., WG’87* Seng Gee Lee, W’43, WG’44 Kenneth Beck, WG’87 Daniel K. Flatley, WG’82** Brenda O’Grady Liistro, WG’80, andBarry H. Beracha, WG’65^ Claire and Jeffrey G. Fluhr, ENG’96, W’96^ Paul T. Liistro, WG’80* Jodie P. and Peter D. Berkman, W’88** Darren M. Fogel, W’93, and William T. Lockard, WG’84, and Alix Marduel Brett M. Berry, WG’96 Jeanne Ehrenkranz Fogel, C’92, WG’97 David J. Loo, WG’87 Anurag Bhargava, ENG’89, W’89** Richard L. Folsom, WG’90 Thomas M. Luddy, WG’76, andEdouard C. Bich, WG’88* Charles T. Freeman, W’66, WG’69** Janice H. Luddy, WG’77^ Gary A. Binning, WG’86 James L. Freeman, C’67, WG’70** Susan and Ralph L. Mack, W’82 Michael S. Blechman, W’77, WG’78^ Thomas S. Glover, WG’87 Patrick C. Madden, WG’57 Margo and Mitchell J. Blutt, Gary S. Gluck, W’85, WG’91** Keith E. McDermott, WG’70 C’78, M’82, WG’87* Bonnie J. and Gary R. Goldberg, W’81** Andrew G. McMaster, Jr., WG’76^ José M. Bonetti, W’61** Arthur A. Gosnell, WG’83^ Henry H. McVey, WG’97* Jorge Born, W’83 Lawrence D. Greenberg, W’85, WG’86, and Mary Penniman Moran, WG’81 andCharles B. Brinkley, WG’84** Beth G. Greenberg, W’85^ Garrett M. Moran, WG’82 Thomas P. Butler, W’76 Curtis C. Gunn, WG’64^ Teresa and Daniel J. Murrin, W’79** Ruby Carlos, WG’99 and Ronald S. Haft, W’81, WG’82^ Carolyn and Steven A. Okin, WG’81^ James A. Doyle, WG’97 Richard D. Hannan, WG’57^ Todd Oretsky, WG’12* Alberto J. Chamorro, W’78** Willis S. Hesselroth, W’66, WG’67^ Paul L. Ouyang, WG’82, andShankar Chandran, WG’02* William F. Holekamp, WG’72^ Deborah Gohh Ouyang, WG’81^ Pierre T.M. Chen* Shek C. Hong* B. Craig Owens, WG’80 Marsha R. Cohen, WG’76^ Dannie C. and George K. Hongchoy, WG’91 Young T. Park, WG’98** Stuyvesant P. Comfort, W’91 James K. Hunt, WG’75 Parag Patel, WG’12* Edward W. Cook, WG’90** Woong-Seong Hwang, WG’98^ Ignacio Pena, WG’98* George A. Davala, WG’84** Elisabeth W. Ireland, WG’84 Barbara F. and Mitja M. Peterman, WG’70^ Constance L. Dollase, WG’76* Raj Venkataraman Iyer, WG’02^ Soon H. Pho, W’98** Steven Dollase, WG’04* Philippe L. Jacob, EE’85, WG’92 Sharon and Scott S. Prince, W’85^ Antoine P. Drean, WG’92** Bruce I. Jacobs, G’79, GR’86^ Rose M. and Gary L. Ray, WG’70** Mark B. Dreyfus, W’78* David L. Jaffe, WG’84 Andrew V. Rechtschaffen,Susan O. and Richard J. Dugas* Patricia and William M. Jewett, WG’86* W’99, WG’00, and Monique MesserAlberto I. Duran, WG’93 Barry A. Kaplan, WG’80 Rechtschaffen, C’00 Paul S. Efron, WG’80, and Judy and Steven M. Kaye, WG’85^ Mark Renton, WG’87, and Susan Gringer Efron, W’79 Ram V. Kelkar, WG’87* Patti F. Renton, C’79 Stephen Eisenstein, WG’88^ John M. Keller, WG’77 Ashraf R. Rizvi, W’86 * Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 30

Founders THE WHARTON FUNDSuhail R. Rizvi, W’88 Sergei M. Rodionov, WG’02* Andrew H. Rush, L’83, WG’89, and Susie H. Chun, L’83** Robert S. Schimek, WG’96^ Fabienne A. Serfaty, WG’87, G’87 Eugenio Sevilla-Sacasa, WG’81 Cherida Collins Smith, WG’74^ Wesley A. Sparks, WG’94 Michael Spilo, WG’11** Param Sreekanth, WG’96* Paul A. Stefanick, WG’88 Linda and Elhanan Streit, WG’65** Chang Sun, G’89, WG’89** Patrick Sun, W’81* George Z. Swirski, WG’87 Lynne L. Tarnopol, CW’60 Fred C. Taylor, WG’88 Susan B. Tribble, WG’80** Guy F. Ullens, WAM’90 James A. Urry, WG’81** A. G. Van Tienhoven, W’87** Sharon R. Wakiyama, WG’04* Gregory A. White, WG’80, and Mindy G. White, W’80, WG’81** George T. Yang, WG’64 Fang Yao, WG’91* Henry M. Zachs, WG’58^ Judith Zachs, CW’58^ Isabel and Federico Zorraquin, WG’87** * Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 31

FellowsThe Wharton Fund Leon J. De Adrian, WG’81** Torrence C. Harder, WG’69^ Mr. and Mrs. John C. Dean, Jr., WG’74 Kathy Hay, WG’91**Gifts from $5,000 to $9,999 A.S. Dean Mary P. Henahan, WG’02* Guy F. Detrilles, WG’71** Naomi C. and Jeffrey J. Hewitt, WG’86**Anonymous (1) Fiona Julie Dodd, WG’05** Mitchell K. Higashi, WAM’05, CGS’06Saman K. Adamiyatt, WG’89 Edward J. Doheny, WG’70^ Janice and James M. Ho, WG’87*Maureen M. Ahn, WG’85 H. Frank Doroff, WG’72, and Thomas J. Hoskins, WG’77^Yong-Chan Ahn, WG’85** Stephanie Z. Doroff, C’84* Brian F. Hughes, W’81, WG’91^Bradley L. Altberger, W’94^ Jeremy R. Drax, WG’89 Milton M. Irvin, WG’74, andJoan and James Anchin, W’65, WG’66^ Tamara Dunietz, WG’91 Melody S. Irvin, WG’74^Marilyn K. Andersen, WG’03^ John D. Durrett, WG’81** Robert Jaunich II, WG’63^John D. Avery, WG’93, and Bruce A. Eatroff, WG’89, and Dwight L. Johnson, WG’63^ Jill Sullivan Avery, C’88, WG’93^ Fern S. Eatroff, C’85** Joseph A. Jolson, WG’84^Andrew R. Bacas, WG’91^ Douglas C. Edman, WG’90 Douglas J. Kahn, WG’82**Larry D. Bailey, WG’76^ Robert M. Ettinger, WG’85* Tania E. Kandra, WG’97*Patty and Jay H. Baker, W’56 Robert B. Fairley, WG’73^ Beth J. Kaplan, W’80, WG’81Arthur S. Baldadian, WG’68, and Peter M. Falvey, WG’97* Steven H. Kasoff, WG’97** Kathie Lowenthal Baldadian, NU’68^ Thomas R. Ferguson III, WG’87, and Arif Khan, WG’12*Andrew H. Bass, GME’74, GR’89, and Julia E. Ferguson, WG’86* Haluk M. Kilimci, WG’52 Freda Wilkerson Bass, WG’73** Stewart A. Fisher, WG’87, and Jonathan Koplovitz, C’90, WG’95^Richard A. Bates, WG’96* Susan G. Fisher, GNU’87** Holly F. and Kenneth A. Korngiebel, WG’96*Mateo Beja, WG’80 Thomas J. Fleisch, WG’81 Shailendra Kumar*J. Thomas Bevan, GED’92, WG’01, and Laura Freeman Catherine and William Lawrence, WG’65 Jennifer Chow Bevan, WG’01^ Michael B. Garfinkle, WG’80, and Edgar D. Legaspi, G’86, WG’86*Christopher Borch, WG’80* Melanie Gordon^ H. Joseph Leitch, WG’77**Jon D. Bosse, WG’82 Michael D. Gayda, W’76** Pierre L. Levi, WG’79, andWilliam R. Brandt, Jr., WG’78** Debra and Keith B. Gelb, W’92 Barbara J. Rager Levi, WG’79^Claudia R. Braunstein, WG’81 Charles-Edouard M. Giblain, WG’88, and Susan L. and David T. Levine, WG’81**Leslie Simmons Brille, WG’96** Lamia B. Giblain, G’88, WG’88* David B. Lim, WG’90Michael H. Brockhaus, WG’96 Thomas L. Gipson, WG’67^ Alexander F. Lloyd, C’91, WG’97**Linda M. Buchheit, GED’91* Kenneth E. Glassman, WG’98^ Scott E. Lombart, W’10**Beth Burnam, WG’79^ Thomas A. Gooley, WG’94* Jiandong Lu, WG’01**David H. Cannon, WG’01** Alexander Gorra, W’94** Wonya Y. Lucas, WG’90Luis Carrillo, WG’98** Scott L. Graves, WG’99 Alexander P. Lynch, C’74, WG’76Henry A. Chan, EE’83, WG’87* Eldridge F. Gray, WG’93** Peter S. Lynch, WG’68, andLinda J. Chandler, WG’97* Marla J. Green Carolyn A. Lynch, CW’68^Jean-Charles Charki, WG’00** Richard J. Green, L’77, WG’78 Michael D. Madden, WG’73Sanford Chee, WG’02* Jeffrey P. Greiner, WG’83^ A. Bruce Mainwaring, C’47, andPeter J. Clare, WG’92 Kevin R. Gruneich, WG’82 Margaret R. Mainwaring, ED’47, H’85^Janet F. Clark, WG’82 Samuel B. Guren, WG’74^ Steve Martinez, C’91, W’91, andJohn S. Clark, W’69** Matthew T. Hagerty, WG’02* Mina Takayanagi Martinez, WG’96*Timothy M. Cohen, WG’96, and Barbara A. and Andrew C. Halvorsen, WG’72 Eric J. Matejevich, C’95, W’95^ Christina Dillon Cohen, WG’96^ David T. Hamamoto, WG’83 Scott A. Mather, ENG’92, W’92, GEN’94*David J. Congdon, WG’87Darryl W. Copeland, Jr., WG’89Susan C. and William M. Cotter, W’81^James W. Davidson, WG’69*** Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 32

Fellows THE WHARTON FUNDJohn J. McArdle III, WG’75 Steven B. Silverstein, WG’85 and Cathy Raduns^Angenette E. Meaney, C’09* Ian Timothy Simmonds, WG’05E. Robert Meaney, WG’74^ Priscilla Singer-Halper, WG’90, and Jamie HalperVishnu Shankar Menon, WG’05* John R. Sinnenberg, WG’92^Elizabeth Milton, WG’09 Richard W. Slocum, W’80, WG’85, andMichael Moh, W’92* Phyllis Strauss Slocum, C’80Jaime J. Montealegre, W’73** Carlo Solari, WG’00Alexander V. Moomjy, CHE’81, WG’85 Warren L. Strickland, Jr., WG’86**William B. Morrow, WG’79** Ellen B. and Frank L. Sullivan, Jr., WG’71Sheila Gilligan Mossman, WG’83^ Sotha and Chanthol Sun, WAM’97**John M. Murphy, C’81, WG’12* Lawrence Szabo, WG’92*Aditya Narayanan, WG’06* Surindha D. Talwatte, WG’97*Kevin O’Malley, C’97, WG’04^ James C. To, W’99Shaun F. O’Malley, W’59 Kilin To, WG’79Jeanette L. Ourada, WG’92^ Charles Tseng, WG’79Anthony Paduano^ Allen B. Uyeda, WG’78^Simon D. Palley, WG’83, and John J. Vresics, WG’86** Midge Palley, WG’83** Patricia and Robert S. Warth, W’57Jason Palmenberg, WG’12* Michael K. Weaver, W’98**Dalip Pathak, WG’78, and Andrew A. Weber, WG’04^ Chandrika Pathak, G’82 Mark R. Weinsten, WG’90, andRichard A. Perez, WG’08** Joan S. Weinsten, C’91^Glen A. Peterson, WG’90* William T. Wilson, WG’90^Lauren and Scott M. Pinkus, Brian A. Wong, WG’03** W’80, WG’81^ Alexandra K. Zaporozec, WG’92John A. Piotrowski, WG’80* Mazen S. Zein, WG’76^Ruth M. Porat, WG’87^ Ruilin Zhao, WG’05Emily S. and David S. Pottruck, Mahbobeh and Barry Zwarenstein, WG’75^ C’70, WG’72Scott A. Puopolo, WG’90*William J. Quinn, W’92^Sumant Ramachandra, WG’09Matthew Rebold, WG’87David L. Reynolds, WG’89**H. Ulrich Richard, WG’72^Mark V. Rickabaugh, WG’69**Theodore R. Rosenberg, WG’64^David L. Rosenblum, WG’77**Bennett Rosenthal, W’85, WG’86, and Allison K. Rosenthal, L’91**Michael J. Ross, WG’93Lisa Y. Rourke, WG’88**Shridevi and Purna R. Saggurti, WG’87**Randy S. Saluck, C’87, WG’97Aric M. Shalev, W’95**Vincent A. Sheehy, WG’85^Raymond P. Silcock, WG’87* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 33

AssociatesThe Wharton FundGifts from $2,500 to $4,999Anonymous (5) George C. Chou, WG’92* Daniela Gelleni, WG’09*Adriana Agbo, WG’12* David H. Chun, WG’94* Deirdre M. Giblin, L’93**Ronald M. Akel, W’60* Bradley W. Coburn, WG’94* Robert J. Glaser, Jr., WG’83^J. Scott Andrews, WG’78* Pamela Codo, WG’06** Ruth Golan, WG’01*Peter L. Anker, WG’61 Stephen A. Colanero, WG’92 Jon M. Goldstein, WG’86Edvige Kromayer Barrie, CW’74, WG’76 and Warren Z. Colter, WG’87* John P. Griffith, WG’87** James E. Frederick, C’74^ Michael P. Connelly, WG’08 Gilles Guillon, WG’04**Robert S. Bartley, WG’88* Donald C. Cowles III, WG’68^ Adele and Lee M. Hale, W’47**Andrew G. Basile, WG’08* H. Andrew Cross, WG’82* Elaine Goldberg Harris, WG’84Stephen B. Baus, WG’95** Asher B. Dann, W’57^ John M. Harris, WG’71Evan S. Betzer, WG’99 H. Corbin Day, WG’63** Arthur R. Hartzell, Jr., WG’51Raghava Bharadwaj, WG’12* Jonathan B. Degaynor, WG’93 Jessica A. Hatch, WG’07Eugene V. Bissell III, WG’80^ William J. Delaney III, WG’82** Stephen P. Healy, WG’89^Barbara J. Bissell-Howell, WG’76^ Marlena L. Demenus, WG’97 Erica Siegel Henning, WG’03**Judith E. Blake, WG’80^ Weiying Ding, WG’10** Brian M. Hermelin, WG’92Steven F. Bouck, WG’86^ J. Kevin Dolan, WG’81 Christian Hernandez, WG’03^Marguerite Bowen* David B. Dubard, WG’92** Robert M. Hernandez, WG’68Christopher L. Boyatt, G’87, WG’87 Michael V. Duffy, WG’03* Neil Herrington, G’02, WG’02*Samuel P. Brilliant, WG’70* Stephen A. Eason, WG’81** Thomas D. Heule, WG’91Margarita Brose Orr, WG’95 K. J. Ebeling, WG’78* John Hill, G’77, andBruce W. Brownstein, W’80^ Sara A. Edelman, C’02* Nicole Feuerring Hill, C’77, WG’79*Joseph A. Buccilli, WG’91** Robert C. Elder, WG’50* Cindy and Stuart B. Hill, W’82^Sebastien Burdel, WG’10** Ziad A. El-Khalil, WG’87^ Charles B. Hintz, WG’78, andRandall S. Burkert, WG’89^ Michael A. Elrad, W’89, and Kristine F. Hintz, C’78, WG’80Barbara A. Burtin, WG’08 Becky M. Elrad, W’89* M. Westye Hoegh, WG’71Elisabeth H. and Lawrence R. Burtschy, WG’61 Craig L. Enenstein, G’95, WG’95, and Andrea White Hoff, WG’93Charles C. Butt, W’59** Carolyn J. Enenstein, C’95^ Brendan L. Hoffman, C’90, WG’97Thomas E. Calibeo, WG’00** Roy M. Fairman, WG’73** Gail C. Hoffman, WG’87 andRichard J. Canning, WG’87^ Peter E. Finn, WG’95** Matthew B. Hoffman, WG’87*Joseph H. Cappalonga, WG’70^ Todd A. Fisher, WG’92 Robert K. Howard, WG’80Erika S. and William M. Carter, WG’97** William J. Forsell, WG’81, and Shu H. Hsu*Frank D. Catrickes, W’98 Lynn Dawley Forsell, WG’81^ Louise H. and Joseph F. Huber, WG’70Robert F. Cavanaugh, W’81^ Christopher Todd Fortune, WG’05* Lee A. Huff, WG’63*Kurt M. Cellar, WG’99^ John H. Fox, Jr., GEE’91, WG’01 William M. Hyland, WG’92*Rachel Cervantes, WG’11** Gregory B. Fraser, WG’86 Yungkil Jang, WG’00James S. Chang, WG’89 Robert L. Friedman, WG’87 Gregory S. Jannetta, W’88, WG’94, andKlaus H. Chavanne, WG’84 Kenneth S. Frieze, WG’95^ Leslie H. Smith, C’93, GED’95, WG’02^Cathleen H. Chawla, WG’01^ Benjamin M. Frost, W’96, WG’01* Barratt H. Jaruzelski, W’83Jonson I. Chen, W’97** Steven H. Fu, WG’93** Amy P. Johnson, WG’04**Craig A. Chesley, C’80, WG’87* Howard P. Furst, C’89, WG’00 Craig S. Johnson, W’82, WG’87^Byung-Hyun Cho, WG’87^ John A. Garth, WG’85** David J. Johnston, WG’68Didier J. Choix, WG’86 Paula J. Gehr, WG’70 Nichole S. Jordan, WG’08** Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 34

Associates THE WHARTON FUNDWayne A. Josephson, WG’76* Edward J. McCarthy, WG’70^ Mark A. Pinho, WG’06*Barbara Thomas Judge, CW’66** Wesley S. McDonald, WG’88, and Steven J. Pinsky, WG’91**Randall W. Kahn, WG’98^ Deirdre F. McDonald, WG’88** Michael P. Pinto, WG’85Madhu P. Kalia, WG’93* Michael J. McGonigle, WG’95 Annie E. Kim, WG’03Sumeet Kanwar, WG’98* Kathleen L. McIlwain, W’83^ Samy Podlubny, WG’03Lawrence C. Karlson, WG’80 Katherine H. and F. William McNabb III, WG’83** John G. Popp, WG’82Brian P. Keil, WG’92, and Brian M. McNeill, WG’94** Joseph D. Punia, WG’78^ Stephanie K. Schnabel, WG’93^ Robert J. Meador, Jr., FEL’02, and Gloria V. Rabinowitz, WG’78**Badar M. Khan, WG’99 Karen E. Meador, WG’02^ Sridhar Rajagopalan, WG’00**Lynne A. Kielhorn, WG’94 Joseph M. Mecane, WG’02* John D. Rauschkolb, G’94, WG’94, andAllison J. Kiffin* James L. Mersfelder, WG’66** Mayra E. Kam-Rauschkolb,Prasad G. Kilaru, WG’10** Irwin A. Michael, WG’73^ W’88, G’94, WG’94^Aleksandr Kisilevich, WG’99 Dagmara Michalczuk, WG’10 Staci and Eric G. Reiter, W’97**Scott M. Klein, C’88, W’88^ Julie and Scott Lewis Miller, WG’85^ Tristan P. Renz, WG’83^Anne and Timothy J. Komada, WG’08 Mary E. Miracky, WG’80** Paul J. Reszutek, W’79, WG’79^Lawrence M. and Korin A. Korman, WG’92* Rohan Mirchandani, WG’12* Khadir N. Richie, WG’02^Ronald J. Korn, W’61 Farnaz Mohammadi, WG’12* James S. Riepe, Jr., C’98, WG’07**David L. Kornblau, W’77, WG’77, and Simon D. Mordant, WAM’95* James A. Robison, WG’78^ Amy Castor Kornblau, C’76, G’77^ Priyadarshan Mundhra, WG’96** Gustavo S. Roessler, WG’90**David Krakower, WG’77* Salil S. Nadgauda, WG’09** Edward C. Rorer, WG’70^Sherryl Kuhlman, WG’01* Edward P. H. Nash, G’91, WG’91^ Richard J. Rouse, WG’70Janet O. and Barry Lang, W’64* Eileen T. Naughton, C’79, WG’87* Edward M. Rubin, C’82, WG’87**Robert C. Lang, WG’81 Daniel and Nancy Fuld Neff, WG’78 Mani A. Sadeghi, WG’90, andLeah A. LaPlaca, WG’01* Catherine M. Lewis, WG’97* Amy G. Sadeghi, C’85, WG’90Richard Lawrence, WG’87 Jane C. and John A. Nelson, Stephen M. Sammut, WG’84^James C. Lee, WG’06* C’78, W’78, L’82, WG’82* Scott B. Schaefer, WG’88**Junwoo J. Lee, WG’97 John J. Nesbitt, WG’67* Bruce D. Schulman, WG’99**Ken Y. Lee, WG’07* Robert A. Newbold, WG’99** Jeffrey B. Schwartz, W’96Kanetr Lerthirunvibul, GEE’84, WG’86* Michael R. Nicolais, WG’86 David A. Schweidel, C’01,Robert G. Levine, WG’86, and James L. Noel III, WG’72* GRW’04, GRW’06** Julie G. Levine, GED’86** Franck Noiret, WG’95^ Richard F. Seamans, WG’69**Allen J. Levinson, W’77, WG’78^ Raymond Noujaim, WG’02** Troy K. Senter, WG’99^Jonathan L. Levy, W’07** Jeremiah P. O’Grady, WG’65** Joel G. Serebransky, WG’85^Clyde S. Lewis, WG’70** Mia S. Okinaga, WG’92** Norman S. Shaffer, WG’68^Ralph Lim, WG’77 Mary E. O’Loughlin, WG’02* Timothy B. Shannon, W’94, WG’05*Terence M. Lim, ENG’88, W’88 Sharif L. Omar, WG’02* Stephen T. Shapiro, WG’79^Jeffrey S. Lin, W’97^ Ford E. O’Neil, WG’90** Robert W. Sharps, WG’97Laura S. Linehan, WG’93 Rory J. O’Neill, WG’92^ James J. Shea, Jr., W’49Frederic P. Lotti, WG’06** Frances J. Orabona, WG’00^ Timothy N. Sheehy, WG’02*Jianfeng Lou, WG’05* H. L. Orth, L’81* Lawrence A. Sherman, WG’54Varun M. Lumba, W’03* Steven S. Page, WG’00, and Piyush Singhvi, WG’10*James R. Lussier, W’78^ Carrie L. Page, ENG’98* Nancy and Justin W. Slatky, W’98, WG’99^Ephram L. Lustgarten, WG’06* Kim K. Pan, WG’80^ Wendy and Stanley M. Sloan, C’69, WG’71Richard A. Macksey, Jr., WG’90** Wayne T. Parman, WG’71^ Christine and Benjamin Slotznick, L’79, GR’86Vincent S. Maddi, WG’89** Meryl D. Pearlstein, WG’79* Douglas M. Smith, WG’87*Koichiro Maeda, WG’03, G’03* Feliza A. Peralta, WG’97* Michael B. Smith, WG’01**Maritess Manaluz, C’94* Ronaldo F. Peralta, WG’97* Duane G. Sonneborn, Jr., WG’64^Joseph L. Mathias IV, WG’96 Michael R. Persche, WG’97 Daniel A. Sperrazza, WG’94Timothy P. McCann, WG’86, and Michelle L. Pierce, W’93, WG’98 Ellen Stafford-Sigg, WG’88 Laura Hitt McCann, WG’82* Daniel J. Pike, WG’92** Eric A. Steinmiller, WG’93^* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 35

Associates THE WHARTON FUNDBradford S. Stone, WG’83 Kenneth S. Ziebelman, WG’85, andRick L. Stratford, WG’99* Lori G. Koffman, WG’84Roger L. Strong, Jr., WG’83^ Edward D. Zinbarg, WG’55^Ajit Surana, WG’86** Nicholas J. Zocchi, Jr., CHE’70, WG’76*Brian G. Sweeney, WG’91^ Weihua Zou, WG’01**Jean-Philippe Talmon, WG’05Albert K. Tang*Darren Tangen, WG’01**Assaf Y. Tarnopolsky, WG’00, G’00, and Natalie P. Tarnopolsky, WG’00Cathryn P. Taylor, WG’87**Brian B. Topping, C’57, WG’65, and Elizabeth H. Topping, CW’57^Leopoldo Torres, WG’88Daniel Y. Treves, WG’71^Deborah S. and Kenneth I. Tuchman, L’76, WG’76^Krishna C. Tyagarajan, WG’02*Thomas B. Tyree, Jr., WG’89**Robert K. Vahradian, WG’86**Richard L. Veith, WG’65^Srinivasan Venkatesh, WG’03*Aaron L. Vermut, WG’00, and Adriana L. Vermut, C’00Patrick J. Waide, Jr., WG’61^Patricia L. and Lawrence A. Weinbach, W’61**Laura P. and Neil A. Weiner, C’82, WG’86^Jay M. Weinstein, WG’87^Karin N. Weisburgh, WG’81^Scott R. Wells, WG’94^Chang L. Wey, WG’82*Thomas L. Wheeler III, WG’59^Richard G. White, WG’86**Keith R. Whittaker, WG’00*Nancy G. and Quincy N. Williams, WG’57Phillip Y. Wu, WG’95^Young S. Yi, WG’97Harold L. Yoh III, WG’90**Kay H. Yun, WG’90, and Andre J. Neumann-Loreck**Jordan C. Zaken, W’97, and Lindsay B. Zaken, C’00**Shane X. Zhang, WG’98** Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 36

Young Franklin societyThe Wharton FundGifts from $1,000 to $2,499 from MBA Classes of 2006-2012Anonymous (2) Matthew A. Gotlin, WG’08 Satish Penmetsa, WG’12*Joseph Abbott, WG’12* Adam J. Gross, W’11 Martin U. Peters, W’07*Isaac O. Adejemilua, WG’08* Gerard Gruner, WG’07* Vincent Piau, WG’12*Alexander Adell, WG’12* Wendy Guthrie, WG’12* Alexander Pillersdorf, WG’10Brian Albarran, WG’12* Niles Ho, WG’08* Kenneth M. Pope, WG’08Sharif Atta, WG’09* Lauren Huneke, WG’11 Ravi Prakash, WG’12*Deb Bardhan, WG’11* Adrian R. Ironside, WG’08 Narahari Pujar, WG’12*Michael Baron, WG’10 Samuel Isaacson, WG’10 Archana Ravichandran, WG’08Damien Bates, WG’12* Alan L. Isenberg, C’01, WG’10* Francesco Revel-Sillamoni, WG’12*Marla Bleavins, WG’12* Monica Jan, WG’12* Asaf Rosenheim, WG’12*Avijit Borthakur, WG’09** Nichole S. Jordan, WG’08* Nima Safabakhsh, G’07, WG’07Amanda Breslin, WG’12* Russell Kahan, WG’12* Vaibhav V. Saraiya, ENG’01, W’01, WG’09**Katherine Broom, WG’12* Salomon Kamalodine, WG’12* Ali J. Satvat, WG’06*Chad Brubaker, WG’12* Hariharan Kannan, WG’12* Tracy B. Satvat, C’99, WG’06*Ajay B. Candade, WG’07 Susrut Kesari, WG’07 Brian M. Schmanske, WG’09Debashish Chatterjee, WG’07 Jess Kindler, WG’12* Joshua Schrier, WG’12*Jo-Ann Chen, C’00, WG’09** Lauren Knausenberger, WG’12* Eric Sheng, WG’12*Mina M. Chen, WG’07 Elizabeth E. Ko, WG’07* Ying Shi, WG’12*Hyun-Joon Chin, WG’08 Alex Kuperman, WG’12* Akihisa Shiozaki, WG’10*Eunsoo Chung, WG’12* Francesca M. La O, WG’10* Michael J. Sinkula, WG’12*Richard J. Cisek, EE’93, WG’07** Dugan A. Lawrence, Maoyong Teng, WG’08Megan Cleghorn, WEV’08, WG’12* C’03, W’03, WG’12* Andrew J. Tochterman, WG’08Aidan Connolly, WG’12* Earl Lee, WG’12* Alona Tolentino, WG’12*William Corrigan, WG’12* Michael Lee, WG’12* Richard J. Viens, WG’08*Brian Corvino, WG’11 Kurt Leedy, WG’12* Christian Vogt, WG’12*Joel A. Dearborn, Jr., W’01, WG’08, and Charles K. Lim, CGS’02, Peter F. Weis, WG’08 Nisha E. Dearborn, W’02, WG’07 RES’02, WG’08* Patricia E. Werhahn, WG’08Jonathan Duffy, WG’12* Andrew Liu, WG’12* Heather Wilkens, WG’12*Jonathan Dyer, WG’09 Robert MacAskie, WG’11* Howard Willson, WG’12*Scott F. Elkins, GEN’07, WG’07* Vineet Mathur, WG’12* Timothy Withers, WG’12*Christopher Fanning, WG’12* Mason Mednick, WG’09 Ka C. Wong, WG’12*Lawrence Fichter, WG’10* Mile Milisavljevic, WG’06* Eric Zarkovich, WG’11*Helen E. Foster, WG’07* Chandan Mishra, WG’12*Eric Freedman, WG’09 Ali Mokhberi, WG’12*Frances Fu, WG’12* Timothy Mullen, WG’12*Zhaokun Gao, WG’12* Shashank Nanavati, WG’12*Joaquin Garcia, WG’12* Anant Padmanabhan, WG’12*Joshua Garver, WG’12* John J. Pan, M’01, WG’12*Linnea J. Geiss, WG’07 Sanju Pancholi, WG’12*Eric Goldman, WG’12* Ronald K. Park, WG’08*Keith Gornish, WG’12* Vrushali Patil, WG’12** Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 37

MBA Classes

MBA Classes Class Development AmbassadorsCLASS OF 1948 CLASS OF 1963 CLASS OF 1972 Janifer BurnsSalomon Moussatche Robert Blumenthal James L. Noel III Clark N. Callander Stephen DreskinCLASS OF 1950 CLASS OF 1965 CLASS OF 1973 Jeffrey J. HewittThomas Brennan Paul Allersmeyer Naomi Levin Breman Paul Mathison Howard Berger Charles P. Rogers Valerie MosleyCLASS OF 1951 Elli Streit Gregory M. SolomonMyron Weiner Brian Topping CLASS OF 1975 Richard “Dick” Veith Thomas J. Gallagher CLASS OF 1987CLASS OF 1952 Roland “Nick” Whitridge Steve ArestyJack Smith (Chair) CLASS OF 1976 Kenneth BeckEugene DiRe CLASS OF 1966 Soussan M. Arfaania Henry ChanMilton Silver Tom Hadlock Richard Burcham Warren Colter Marcel H. Guay Sherry Oshiver Lon C. CrossCLASS OF 1956 Peter W. Rowe Diana DavenportClifford Leventhal Dan Coogan CLASS OF 1980 Bob DomineThomas Vincent Dick Dahlberg Paul Besancon Stacy Dutton Clarence Hollis, Jr. Catherine Bonnier Grossman Steve FeldCLASS OF 1957 Gerald Sullivan Greg White Cynthia FrickCarl Shaifer Peter Alexander Woolsey David GilbertQuincy Williams E. Donald Challis II CLASS OF 1981 Pam Harris Leon DeAdrian Matt HoffmanCLASS OF 1958 CLASS OF 1967 John Fetter Ram KelkarWalter Bruckner Ian Bennett Gary Kokalari Nelson LamThomas O. Jones James J. Lennon Jeff MontgomeryKevin Woelflein John Thompson CLASS OF 1982 Bill Palmer Jerry Young Jean Clemons Kate ReedCLASS OF 1959 Paul Zantzinger Andy Cross Fabienne SerafyJohn Dluhy Todd Drumm Paul Sloate CLASS OF 1970 Mario Ira Cathryn Ploger TaylorCLASS OF 1960 Tom Amato Leanne TobiasAl Borenstine David Ford CLASS OF 1983 Diane TyWilliam Hickey Joe Huber Christopher Corrini J. D. WhiteClaus Hirsch Julio Leung Anand Iyer Lydia YorkHenry Janoski Gary Ray Renee Migdal Don Short CLASS OF 1990CLASS OF 1961 Christian Varin CLASS OF 1985 Guy BacigalupiGrant Greapentrog Lawana Dumas Edward CookFrank H. Pinkus CLASS OF 1971 Deb Ulrich Field Tom CourtneyKent Weber Daniel B. Behrend Joel Serebransky Dave Hoffman Roger Low Jasjeet Sood Brian KimCLASS OF 1962 Veriene W. Mirzy Bill KissickPatrick Hynes Robert L. Morrison CLASS OF 1986 Kristin Lee-HoffmanStephen Kobrin David S. Bigelow John Mahlmeister Doug Brown Jay Mantz† Indicates deceased 392 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Class Development Ambassadors MBA CLASSESJohn McAdam Jeanne McPhillips Dolan CLASS OF 2002 CLASS OF 2007Brian McLoughlin Craig Enenstein Stephanie Cochinos Selorm AdadevohJoseph Moriarty Darrin Kennedy Barat Dickman Jonathan AdlerPeter Morin Rajive Mathur Julien Halfon Kevin Justin ClarkDavid Mussafer Verdere Philpot Geoffrey Hart Sakis DecossardTim O’Hara Elizabeth Wahab Raj Venkataraman Iyer Raghav GandhiGustavo Roessler Marie Williams Steve Lebischak Linnea Julia GeissTracy Rosen Alexandra Levin Ken LeeRon Rosenberg CLASS OF 1996 Khadir Richie Latika SignorelliDavid Shedd Frank Kotsen Amit Sinha Jay WomackMark Weinsten Xavier Sztejnberg Leslie Hughes SmithWilliam Wilson Juan Urdaneta CLASS OF 2008 CLASS OF 1997 Luis Vergara Melissa BryanCLASS OF 1991 Sallie Beason Andrzej CetnarskiKaren Sue Batchelder Peter Falvey CLASS OF 2004 Joel DearbornBob Hrabchak Jeanne Fogel Gilles Guillon Samra HaiderLaurence F. Ioffredo Ronald Eric Hohauser Paul Lussow Fiona HoPasquale M. La Vecchia Michael Kim Niles HoAlex Labak Catherine Nelson CLASS OF 2005 Craig IsakowChristopher Malone Victoria Penfield Mona Bijoor Rob JahnEdward “Ted” Nash Feliza Peralta Schuyler Coppedge Bolaji LawalMiguel Geronimo Osio Montiel Steven Shapiro Caryn Feinberg Joyce LiaoSantiago Perez Andras Forgacs Adriani OnieBurt R. Rea CLASS OF 1999 Abhijoy Gandhi Anthony SawtellEvan Sturza Alysa Kurganska Craig Yuri Keiserman Katrine Sawtell Sarah Hammer Williams Pete Kim Nicole SmithCLASS OF 1992 D. C. Moore Pamela VelardeMary Cusack CLASS OF 2000 Ben PettigrewJoseph Hage Victor Calanog Laura Ross CLASS OF 2009George Chou Suma CM Grace Shieh Hamet AguemonJoy Dicker Moneshia Graefin Zu Eltz Ian Simmonds Franklin AmooJ. B. Haller Audrey Greenberg J. P. Talmon John BuchananPeter Kraynak Trent Hickman Hunter DavisKaren Levine Jeff Laborde CLASS OF 2006 Armel KouassiJackie Lutz Natalie Tarnopolsky Jay Cecil Joanne LiuOmer Malchin Ari Chester Chris LuhurMike Mitchell CLASS OF 2001 Karen Cua Sunanda SaxenaAntoine Papiernik Jenn Bevan Wissam Darwiche Aaron SchnarchSujata T. Pherwani Tom Bevan Charles Field James SchroderPierre Riveau Aldona Clottey Rashmi GuptaL. A. Sergeant-Wilkinson Melissa Feldman Sanjay Khanduri CLASS OF 2010Debra Taiwo James Fields Joseph Kirikian Javier ArtolaJohn Ward Ruth Golan Frederic Lotti Ita EkpoudomAlexandra Zaporozec Jurgen Habichler Borja Madrid Ajanta Kalyanpur Vivek Jayaraman Justin Markle Takashi KawasakiCLASS OF 1995 Sophie Ross M. K. O’Connell Shrikirti MaheshNancy Casey Jeff Schlosser Serhan Secmen Ty MeeksNicholas Connolly III Eduardo Strang Steve Woda† Indicates deceased 402 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Class Development Ambassadors MBA CLASSESAnusha Prasad Rodriguez WEMBA XXIVStacy Stokes Michael WellsCharlene Su WEMBA XXVCLASS OF 2011 Mary TungDeborah CrandallNigel Cordeiro WEMBA XXVIWalter Czarnecki Lieven NuyttensChris Donnellon Rahul SondhiBenjamin FrancoisCarl Lonnberg WEMBA XXVIIIMegan O’Connor PhiladelphiaSelina Wang Sharon WakiyamaCLASS OF 2012 WEMBA XXIXConstantinos Vassiliou Coutifaris PhiladelphiaJason Lin Bikram BakshiStella Lin Steve ShuehPhyllis Liu Jonathan WellsVeronica MendiolaTilottama “Riya” Sen WEMBA XXIXClaire Sutton San FranciscoLiming Yao Matthew MyllykangasEXECUTIVE MBA WEMBA XXXI PhiladelphiaWEMBA VIII Rich CisekCharles Brinkley Jessica HatchWEMBA XI WEMBA XXXIIRoman Kyzyk Philadelphia Michael ConnellyWEMBA XIV Matthew GotlinDenise L. DevineJoseph B. Fetterman WEMBA XXXIV San FranciscoWEMBA XVII Daniel SullivanFrank Arcoleo Tina TodascoWendy ChinGary Cookhorn WEMBA XXXVMadhu Kalia San Francisco Mukund SundaramWEMBA XIXAnne Libby WEMBA XXXV PhiladelphiaWEMBA XX Rachel CervantesLeslie Golden Brian CorvinoJon HastingsJim Self† Indicates deceased 412 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s

Emeritus-Class of 1959MBA ClassesAll class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds.Reunion giving reflects both outright gifts and pledges.Emeritus Reunions DONORS CLASS OF 1951 Eugene F. DireClasses of 1935-1961 William P. Camp† CLASS DEVELOPMENT Charles S. GanoeTotal Giving: $201,652 David R. Douglass, Jr. AMBASSADOR Mark H. GoldmanParticipation: 13% Donald E. Kanally Myron E. Weiner Harvey Grossman Sing King Irving M. Groves, Jr.CLASS OF 1932 George E. Tannehill DONORS Walter R. HaidetThomas B. O’Donnell John K. Boyce, Jr. Robert T. Hennes, Sr.† CLASS OF 1949 Edward J. Collins† B. Theodore JacobsCLASS OF 1937 Robert C. Allen William R. Crosby Haluk M. KilimciTheodore J. Hess Trust Robert S. Bowles Gerald R. Curtis Joseph B. Milgram, Jr. An-min Chung† William B. Eagleson, Jr. Erwin J. RogersCLASS OF 1938 C. Russell de Burlo, Jr. Raymond J. Hartman, Jr. Philip J. RuedigEstate of Warren S. Davis Clifford L. Elling† Arthur R. Hartzell, Jr. Milton Silver George F. Fry, Jr. Alexander J. Kay, Jr. John F. SmithCLASS OF 1940 Robert C. Gilmore A. Louis Keil Lewis F. H. SmithJoseph W. Hatch† Donald R. Goodby William R. Knobloch John O. Todd, Jr. Angel M. Martin Ernest L. Grove, Jr. Frank P. Meadows, Jr. Grady E. Jensen J. William Medford, Jr. CLASS OF 1953CLASS OF 1943 Robert A. Kuhn Christian H. Pedersen Richard M. BurkWilliam R. Krause Thomas R. Pellett George O. Pfaff Warren B. Galkin Seymour Rudich Warren H. Shadek William H. JewettCLASS OF 1944 David H. Skinner Lucinda W. KaspersonKrongthong Chutima CLASS OF 1950 Robert L. Stern Clark MacMullenSeng Gee Lee CLASS DEVELOPMENT Myron E. Weiner Samuel M. Watson AMBASSADOR Donald E. Whiting CLASS OF 1947 Thomas Brennan Robert F. Williams CLASS OF 1954Hewitt S. Gurnee, Jr. Omar Burton Wright, Jr. John E. ButlerFrank J. Hoenemeyer, Jr. DONORS James F. ColemanPaul R. McClenon Lowell E. Abramson CLASS OF 1952 M. Robert GoldwasserRobert E. Wesp Robert C. Elder* CLASS DEVELOPMENT Robert G. HoffmanWilliam S. Woods, Jr. Helen Lowe Eliason AMBASSADORs John C. Hoyt John L. Kelsey ^ John F. Smith James A. JacobsCLASS OF 1948 William F. Morris III Eugene F. Dire Robert D. JonesCLASS DEVELOPMENT Donald B. Reed Milton Silver George M. Knebel, Jr.AMBASSADOR William A. Reinke Norman MasriSalomon Moussatche Jerome Snyder DONORS John F. McCoy Lionel N. Zimmer Robert M. Ayres, Jr. Joseph J. Melone ^ William J. Branscom Harvey L. Miller Robert M. Corcoran Arnold B. Mishkin* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 42

Emeritus-Class oEf m1e9r59itus-Class of 1959 MBA CLASSES MBA ClassesPaul T. Nettler Alfred J. Roman Donald S. Wasserman Edward H. FieldingWilliam L. Nikel Thomas H. Sebring Rodney W. Wilson Alan J. FletcherTheodore Pedas ^ Henry Shulman Erich GansmullerMurray Pitkowsky John T. Warmath, Jr. CLASS OF 1957 Carol M. GattonSol L. Resnik Richard G. Weiss Class Development Joseph M. GavulaFrederick W. Sauers Edward D. Zinbarg ^ Ambassadors Robert I. Glass †Lawrence A. Sherman Carl H. Shaifer III James J. Hartnett, Jr.Marshall Z. Solomon CLASS OF 1956 Quincy N. Williams Samuel N. HibbardEstate of John Vollmayer Class Development G. Thomas HillArmand B. Weiss Ambassadors DONORS Thomas D. Jones, Jr.Paul M. Weissman Clifford A. Leventhal Clark Alvord II Thomas D. JonesErnest M. Wilkinson, Jr. Thomas M. Vincent Edward B. Brandon Thomas O. Jones Robert D. Corrie David G. KratzokCLASS OF 1955 DONORS Paul H. Geithner, Jr. Joel A. Lang †Garnett F. Beazley, Jr. Howard I. Blutstein Frederick Goehringer III Richard D. LanoueBill R. Berglund Robert C. Butler J. Wesley Gray, Jr. George LeibowitzRichard G. Dooley Robert L. Cahill, Jr. Richard D. Hannan ^ James R. LoveJulian M. Gordon Bernard J. Conroy Philip S. Harvey Eugene S. MannWilliam G. Granat William S. Dalton Thomas H. Jones Richard N. MasonCharles D. Hawn, Sr. John F. De Pledge Eugene S. Loughlin, Jr.† Philip S. McMullan, Jr.James F. Hinkhouse Frank M. Deiner Patrick C. Madden Leslie S. NaglerRobert T. McPeek George H. Delanoy Lawrence N. Odence Paul G. O’LearyGeorge S. Peterson, Jr. Frank W. Edwards Fred S. Schlaepfer John C. Phillips, Jr.Morton Rachofsky Leon Feldt Carl H. Shaifer III Clayton E. PinderAlfred J. Roman Harold A. Havekotte Raymond J. Staffeldt Clarence R. ReedHarry M. Schnirring George G. Hawke John L. Sullivan, Jr. Royal C. RiedingerThomas H. Sebring Jane Stone Horn Lewis E. Weinstein Robert R. SachsRichard G. Weiss John B. Hussey Quincy N. Williams Edward L. SandersEdward D. Zinbarg ^ Robert T. Lamkin Martin ScherrRichard J. Cross Clifford A. Leventhal CLASS OF 1958 James L. Smart IIIDavid G. Delong Norman L. Leventhal Class Development Richard F. TeccaRichard G. Dooley Vincent M. Love Ambassadors Edward A. WeinsteinCharles J. Farrell David A. MacLaughlin Walter S. Bruckner William W. WerberMichael E. A. Gellert Anthony J. Math, Jr. Thomas O. Jones John R. Woolford, Jr.William G. Granat James E. Moltz Kevin Woelflein Henry M. Zachs ^Charles D. Hawn, Sr. Robert A. Natiello James F. Hinkhouse David C. Oppen DONORS CLASS OF 1959John R. Kaufman C. D. Peterson Walter S. Bruckner Class DevelopmentJan B. Luytjes John L. Ray Edith Lloyd Clark AmbassadorRobert T. McPeek William N. Rutledge James A. Cook John DluhyRobert M. Nied Sheldon S. Schweikert Robert L. CooperGeorge S. Peterson, Jr. James J. Shepard Robert O. Coulter DONORSMorton Rachofsky Thomas Heyward Simmons Herschel Cutler Juan A. Arill-MirandaJoseph L. Reilly, Jr. David S. Strauss Dana M. Dudley Henry AssaelDonald J. Rodriguez Roger T. Struck Timothy D. Ellard Robert J. Atkins Thomas M. Vincent Paul A. Falcigno David I. Bavar* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 43

Emeritus-Class of 1959 MBA CLASSESHarry F. Bower, Jr.David A. BurtonRobert Lee ComerKenneth B. DavennyAlbert J. DeGulisJack E. DibbJohn C. Donaldson, Jr.Mark K. Dresden, Jr.Richard T. ErnstBarbara S. FeigenbaumStanley FingermanSamuel S. FriedmanPhilip A. GehmanBernard GreeneDavid C. HartneyCurvin H. HollimonRichard M. JohnstonScott C. LeaRobert C. LuceTan Tek LumJohn B. Malcolm, Jr.Gilbert Y. MarchandDavid T. MichaelsonLouis I. NaturmanArthur B. O’ConnorO. John OlcayCarmen OrtizRamon A. OrtizCarl D. PackerRichard V. RikertMason L. RippRichard D. RooneyCharles D. SaffordIvan N. SchatzLee Edward SchelleyGilbert W. SchlerfStanley J. ShapiroDavid M. SturgesRobert A. SullivanThomas L. Wheeler III ^* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 44

Class of 1960-1970MBA ClassesAll class and reunion gifts and pledges shown here are made in support of the Wharton Fund and/or restricted funds.Reunion giving reflects both outright gifts and pledges.CLASS OF 1960 Frank H. Pinkus Robert H. Taupeka James K. SchillerClass Development Kent R. Weber James D. Tucker Paul SchurrAmbassadors Patrick J. Waide, Jr.^ Robert W. SlusserAlvin J. Borenstine Donors Kent R. Weber Bruce M. SmithWilliam Hickey William H. Abrams E. Richard Weiler James P. Wade, Jr.Claus W. Hirsch Robert R. Adams Robert S. Williams Franklin S. WolfHenry V. Janoski Peter L. Anker Mayer Wolf David G. Boling 50TH REUNION Elwood S. Wood III Donors J. Richard Briscoe CLASS OF 1962 Alvin J. Borenstine Lawrence R. Burtschy Total Giving: $9,420 CLASS OF 1963 David S. Branch Richard B. W. Carney, Jr. Participation: 16% Total Giving: $48,020Calvin A. Canney Anthony N. Durso Participation: 20%Ashley B. Craig, Jr. Frank F. Embick, Jr. Class DevelopmentRonald E. Davis Walter G. French Ambassadors Class DevelopmentJohn M. Dennehy Robert H. Gottheiner Patrick J. Hynes III AmbassadorJohn K. Easton, Jr. Grant L. Greapentrog Stephen J. Kobrin Robert P. BlumenthalJulius Eisen Albert C. Hann Walter W. Faster Russell G. Harter Donors DonorsMorris Godel Keith A. Hauge Robert W. Bergmark Joseph M. AlpertWilliam H. Herrman Lawrence T. Hopkins Richard L. Biegel Jay Alfred AngladaClaus W. Hirsch Arthur J. Humphreys Sewon Chough John H. BealRoy N. Holmes Frederick Klutey, Jr. Perry T. Christy Robert P. BlumenthalHenry V. Janoski Lee M. Kucera Richard W. Clark John M. BourneHarry M. Johnson Kelvin L. MacKavanagh Richard B. Cunningham John Peter BraunThomas J. Mazur John M. McCormick Kinloch F. Dunlap III Raymond C. Burton, Jr.James A. Mullin John R. McLaughlin William H. Egert Stewart M. ButlerWalter H. Pfannmuller David M. Mitchell J. Robert Ferrari Laurence D. ChapinFrederick M. Pistilli Philippe Muller Richard A. Furniss, Jr. Suzanne CutlerCharles A. Prigge Roger Murray, Jr. E. Martin Gibson Charles H. DavisAlbert M. Reading, Jr. Barry F. Neustein Robert B. Goergen H. Corbin Day**Richard F. Schmidt John J. O’Connor Patrick J. Hynes III Carlos M. de la Cruz, Sr.Marshall A. Smith Marvin Petry Andrew M. Jergens Julian E. Fant, Jr.Donald K. St Martin Frank H. Pinkus John J. Kennedy Jeff ForanWilliam D. Tully Peter S. Pitarys Stephen J. Kobrin Anthony E. GalloEdward V. Wandersee Alan E. Reed George F. Krall Clifford M. GillespieLeslie F. Welson Edward F. Reese, Jr. Raymond H. Laub Charles GitzendannerJohn G. Zimmerman, Jr. Ira S. Rimerman Robert A. Lieberman Allan J. Goodmanson Herbert E. Sawin II Kahandas N. Nandola John R. GosnellCLASS OF 1961 Robert L. Secundy Richard H. Negus Bradford Green, Jr.Class Development Jacobus T. Severiens Donald M. Peterson William C. S. HicksAmbassadors Paul D. Shein Karl M. Pulley Frederic F. HinzeGrant L. Greapentrog Arthur Leon Silvers John P. Reardon Lee A. Huff** Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 45

Class of 1960-1970 MBA CLASSESWalter A. Jachem Kenneth P. Heinze Donors Theodore D. PenningtonRobert Jaunich^ John Bruce Henard Leonard J. Anable Dale R. PerelmanDwight L. Johnson^ Richard D. Hofmann David H. Badger J. Robert RansonePeter A. Korn A. Scott Holmes Paul S. Barrett Robert J. ReaganJohn J. Landers III Tom G. Hussmann Barry H. Beracha^ Harry P. Ridenour, Jr.James I. Lewis John D. Karcher Howard M. Berger Winfield F. Robinson, Jr.Ralph W. Lindeman Michael J. Kearney Douglas V. Bloom Walter A. RoeWilliam J. McKnight Paul K. Kelly Daniel C. Bolger Toms B. RoyalRichard A. Monacell L. H. Knickerbocker, Jr. George H. Breed Arthur M. SachsHoward R. Morgan James E. Lloyd Chester H. Brown, Jr. Schuyler J. Scutt, Jr.Richard P. Ossen Edward J. Lyons Scott L. Brown George B. Seeley IIIAlbert Pinter, Jr. Gerald H. Majer Richard S. Bullock Ethan A. SeidelMaurice E. Purnell Winn F. Martin William K. Buscaglia, Jr. Peter M. SherinAlfred Rauch, Jr. Peter S. McDougall James P. Carreras, Jr. Michael SherwinJohn E. Reynolds III Terrence J. McGlinn William J. Cashin, Jr. James D. Simpson IIIRobert B. Roper Robert A. Moore Pei-Yuan Chia^ Wilbur H. Stocking, Jr.John Y. Schreyer III James T. Parkinson III Thomas E. Clune Elhanan Streit**Guerry L. Suggs Jerry H. Pyle Gregory Coleman John A. StroebeleGary L. Wilson Eugene C. Rainis William L. Derby Peter V. SullivanH. Jay Zukerman Heinrich A. Rehmann Hugh E. Donahue Frederick B. TaylorGeorge V. Alles William F. Reidenbach William E. Dyer Neil P. Thelen Theodore R. Rosenberg^ Richard L. Fischer J. Peter Thompson, Jr.CLASS OF 1964 Loren D. Ross Kenneth W. Forbes Brian B. Topping^Total Giving: $32,220 William J. Rysanek Allen D. Gart Lawrence D. TornekParticipation: 19% James H. Sanborn Joe G. Grant Stephen C. Twining Duane G. Sonneborn, Jr.^ Robert M. Halperin Richard L. Veith^Lawrence L. Anderson David P. Traut Thomas C. Hardy Thomas Craig Watson, Jr.Robert H. Bayne, Jr. Dale W. Van Voorhis John D. Hartigan Roland W. WhitridgeG. Gordon Biggar, Jr. Frank J. Wagner David M. Hopkins Robert O. WilburRobert D. Bosch Joseph F. White, Jr. David G. Hunscher Andrew M. Wyszkowski Peter F. Branch Bryan H. Wimberly John G. Hunter Edward H. Carr George T. Yang James W. Irwin CLASS OF 1966 Anthony M. Carvette III Neil E. Yarhouse Richard J. Jacobs Total Giving: $51,777James J. Connors III Paul S. Allersmeyer Leon W. Klud Participation: 15% Eugene C. Devol, Jr. David L. Kniffin David E. Downen CLASS OF 1965 William A. Latta Class DevelopmentLeo C. Drozeski, Jr. Total Giving: $59,767 Stephen E. Lewis Ambassadors James G. Ehlen, Jr. Participation: 19% George A. Long E. Donald Challis IIEdwin J. Feulner, Jr. William J. Madden J. Daniel Coogan, Jr.Tom Finke Class Development Richard F. McCloskey Richard E. DahlbergF. Marion Fletcher Ambassadors William F. Messerly II Marcel H. GuayJeremy M. Fryberger Paul Allersmeyer James A. Michael Thomas K. HadlockRonald B. Goettinger Howard M. Berger Alexander R. Morris Clarence Hollis, Jr.J. William Goodwine Elhanan Streit Jeremiah P. O’Grady** Peter W. RoweCurtis C. Gunn, Jr.^ Brian B. Topping Theodore A. Olson Gerald SullivanRobert M. Harting Roland W. Whitridge James M. Paxton Peter Alexander Woolsey Jerome E. Hass Richard L. Veith * Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 46

Class of 1960-1970 MBA CLASSESDonors William H. Schmidt, Jr. Patricia M. Eisenhauer Ronald D. SchrotbergerPeter A. Alexander M. Samuel Self Bruce Evashevski C. Peter ShieldsJames S. Anchin^ Barry H. Shanler Stanley L. Foster John A. SiniscalPhilip B. Bannan John A. Simkiss, Jr. Edward A. Fusakio William S. Spears^Fredric J. Bell Anton K. Simson Stanley I. Garnett II Christopher C. StavrouLarry L. Bennison Louis E. Stoddard Thomas L. Gipson^ Robert Philip SwartzDonald M. Boehm Richard F. Stradling, Jr. Irving J. Goss Robert M.W. TaylorJames A. Bowditch Frank Szabo, Jr. David W. Graff Bruce S. WagnerJ. Nile Brennecke B. Kenneth Townsend, Jr. H. Wade Gresham Eric J. WalterJ. Mason Brown, Jr. R. David Usilton Mehmet Habbab* Thomas T. WarrenA. Richard Casavant, Jr. Manuel F. Villalon Kirk R. Hagan Paul H. WilsonJ. Daniel Coogan, Jr. Roger L. Von Gohren John J. Hastings, Jr. Richard D. WilsonJohn F. Cook Stephen J. Warner Richard S. Hayes William H. Yeckley, Jr.Richard E. Dahlberg Alfred P. West, Jr. Willis S. Hesselroth^ Douglas Q. L. YeeArthur N. DeWinter Henry W. White George W. Heydweiller Jerry A. YoungRobert Stewart Eads Thomas H. Witmer Richard N. Hill Paul T. Zantzinger David L. Evans Oliver E. Wood, Jr. Henry F. Hofmann, Jr. Nola Maddox Falcone Peter D. Zaglio Robert L. Hooker CLASS OF 1968Albert Patric Finch III William H. Ingram Total Giving: $75,150Donald L. Flamm 45TH REUNION William F. Jelin Participation: 15%Lawrence A. Fullerton CLASS OF 1967 Gerald M. JohnstonKenneth R. Glaser Total Giving: $182,370 Robert Y. Justis, Jr. James O. AspinRalph W. Grambo, Jr. Participation: 18% Kevin J. Keller William H. BakerDavid W. Grow David S. Kirk Arthur S. Baldadian^Richard Peter Gunshor CLASS DEVELOPMENT Timothy P. Knabe Stephen A. BankThomas K. Hadlock AMBASSADORS John F. Maher Edgar W. Barksdale, Jr.Gary H. Harvey, Jr. Ian Bennett Robert H. Mannal Lee A. BenderRichard S. Hawkins James J. Lennon Thomas S. Marshall William Black IIIJohn A. Hendricks John Thompson Dale F. Massing Robert N. CarlsonFrank C. Jenkins Jerry Young William F. Masterson† Denis T. CarpioRobert W. Keidel Paul T. Zantzinger Gene R. McGrevin Kenneth R. CassidyChristopher P. Kirchen James R. McMullen E. Stuart ClymerJames D. Kirsner DONORS Thomas K. Miller, Jr. Raymond B. CohenJon P. Larrick Thorsten E. Ackerson John J. Nesbitt III* Robert L. Corcoran, Jr.C. James Luther Terrence L. Arndt John C. Parry IV Donald C. Cowles III^John Peder Maarbjerg Thomas C. Arnold Charles F. Pierce, Jr. Kenneth E. DavisPaul R. McCann H. D. Auerbach Nelson W. Potter Benoit F. DeschampsJames L. Mersfelder** James Nelson Bexfield Peter H.S. Redwood Joseph W. DevallCeleste C. Michalski Richard M. Bouhan Daniel W. Robert Peter L. DornemannBuxton Saunders Midyette John F. Brownley John J. Roche Arthur A. DuLaney IIIJames H. Murray, Jr. Ralph A. Cann III Jean-Pierre C. Rosso^ Charles N. FavazzoPeter W. Murray A. William Carnduff Leonard I. Rothman Terrence M. FinnJoseph V. Newman Fowler F. Cooper, Jr. Jay D. Rubenstein Peter T. FunkeS. Donald Oberfield Philip J. Copple Alan L. Saabye Edward M. GleasonCharles C. Pearson, Jr. W. Jerry Cox C. Murray Saylor, Jr. Woodrin GrossmanSydney N. Phin Jonathan E. Devoll Jeffrey C. Sayre Robert S. HamrinRobert D. Rands Brian J. Duffy Hudson B. Scattergood Robert W. Harris* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 47

Class of 1960-1970 MBA CLASSESRodman R. Heckman III Robert P. Vocelli George E. Loomis DONORSRobert M. Hernandez Don J. Vogt Thomas W. Morris Anonymous (1)David M. Horn^ Christopher H. Washburn John H. Mullin III Rudolph Abel, Jr.K. Neal Hunt Norman M. Wayne John A. Nesbitt Cameron AdairBrian A. Johnson John S. Witucki, Jr. Thomas O. Niederer Thomas G. AmatoLowell W. Johnson Drew J. Otocka Richard L. ArvedlundDavid J. Johnston CLASS OF 1969 William L. Paternotte Garland P. AsherM. Gordon Keiser, Jr. Total Giving: $482,128 H. Pierce Pelouze III A. Merrill AyersTimothy A. Kraftson Participation: 15% George H. P. Pettway James F. BabcockHerbert K. H. Lee, Jr. Howard M. Potratz Roderick G. BaldwinSheldon S. Liss Robert L. Adair Benjamin R. Punongbayan Stephen E. BarrPeter S. Lynch^ Robert B. Arthur Peter M. Ramsey Alan J. BerdyHenry T. Lyons John W. Bartlett Russell G. Redenbaugh Dan W. Boone IIIH. Carroll Mackin Robert F. Bavington, Jr. Franklin Reinow Caren Byrd BorlandThomas H. Main Thomas N. Chewning Mark V. Rickabaugh** Richard G. BorsoStephen T. McFadden Charles C. Church, Jr. Steven M. Rothschild Samuel P. Brilliant*Arthur T. McManus Robert H. Coleman Edward A. Rubel Joseph H. Cappalonga^Douglas D. McNair Thomas B. Collins Henry D. Ryder Richard P. ClarkeRichard R. McNeill Kirk A. Cressman Carl F. Safanda Michael R. ColtraneStuart G. Miller Edward S. Croft III David G. Santry John I. Condon, Jr.Patrick N. Mullane Frederick J. Crowley Lindley C. Scarlett Robert H. CooperDaniel R. Murphy Arthur H. Darling Richard F. Seamans** James E. CraneLloyd U. Noland James W. Davidson** Jerry M. Seslowe^ Denis V. CurtinJames W. O’Grady J. Edwin Davis III John H. Shaw III Gerard J. DaviesTerry S. Overton Robert M. Davis Earl P. Spencer III J.H. Dow DavisManuel V. Pangilinan David H. Desmon Edward H. Sullivan III Mary DavisClifford W. Perry, Jr. Dolf R. DiBiasio^ Peter J. Tate Glenn A. DeibertCharles J. Plohn, Jr. Thomas S. Drumm Michael S. Walsh, Jr. Janet Rashkin DesmonWilliam G. Pomeroy Frederick W. Ducca Allan T. Walsh Angel B. DivinoHenry B. Rainville II William P. Egan II^ John A. Ward III James S. DoakEugene E. Record, Jr. David A. Eisenberg John M. Wetherhold, Jr. Edward J. Doheny^Robert E. Reeves Kenneth L. Fadner David L. Wilson, Jr. David J. EvansRobert S. Rockwell Norman A. Fair Bertram P. FinnRobert W. Romeo John V. Flynn CLASS OF 1970 James E. FleegerNorman S. Shaffer^ Charles T. Freeman** Total Giving: $117,186 Robert F. FlickingerJames A. Shea Vincent E. Furey, Jr. Participation: 15% David B. Ford**Clifford E. Shedd III E. Kenneth Furst Alfred H. Freeman, Jr.David A. Smith Laurens W. Goff CLASS DEVELOPMENT James L. Freeman**John S. Snyder Dwight Grant AMBASSADORS Leonard H. GaffgaRobert J. Stapleton John R. Hallen Thomas G. Amato Robert D. GarthMichael S. Stolbach. Torrence C. Harder^ David B. Ford Bernard P. GawleyRichard W. Stumbo, Jr. Richard M. Hayden** Joseph F. Huber Paula J. GehrMichael J. Sullivan David W. Howe Julio Leung Asim GhoshDavid R. Thomas Thomas J. Keller Gary L. Ray Jan G. GoesJan M. Twardowski Allan M. Kline Donald J. Short John D. GonnermanMichael E. Tyler Charles Kurz II Christian Varin Thomas A. GudinessEdwin S. Valliant III Scott C. Lederman* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 48

Class of 1960-1970 MBA CLASSESRobert V. Henning, Jr. Gary M. StibelGuy R. Henshaw Richard H. StowellThomas F. Hill Macrobert S. ThompsonJoseph F. Huber Anthony J. TontiCollie L. Hutter Drew TuckerWilliam A. Ince John Nick VinkeDalmacio P. Inventor Donald J. VredenburghMichael H. Kaye Robert E. WederbrandDaniel W. Kollin William Weissenburger, Jr.William H. Langdon Burton J. WillinghamBetty H. Langhammer Benjamin Wyche IVWalter E. Lankau, Jr.Robert P. Lentz IIIClyde Stephen Lewis**John P. LonghineRobert A. LoweRichard C. LufkinPeter T. MacyAlan S. MarklePaul G. MarshallJames L. MaterEdward J. McCarthy^Jay C. McCutcheonKeith E. McDermottRobert D. MoffatPeter M. MontagueAlan J. MontgomeryDavid P. MontgomeryLance A. MorrellDavid L. NevinsWashburn S. OberwagerC. E. Stewart PatrickRichard A. PerkinsMitja M. Peterman^Edmund O. Piehler, Jr.Robert D. PietyDennis RamsierRodney G. RavenscroftWilliam J. RaverGary L. Ray**Louis T. RequardEdward C. Rorer^Richard J. RouseJonathan P. RussellThomas C. SaylorWilliam T. SchwartzDonald J. Short* Indicates new Benjamin Franklin Society donor for FY ‘12 † Indicates Deceased ** Indicates Benjamin Franklin Society donor for two consecutive years ^ Indicates Benjamin Franklin Society donor for five consecutive years2 0 1 2 A n n u a l R e p o r t t o I n v e s t o r s 49