With effective financial management, operating efficiencies, and generous philanthropic support, the University ended FY22 with a 6.9 percent operating margin, or $324 million, contributing to the University's overall financial position of $3.7 billion.

Each member of our community is responsible for building a University of Miami that thrives into its second century and beyond. We are committed to doing everything sustainably and efficiently. In 2022, in spite of challenges, ’Canes Central, which provides the University community with concentrated, service-oriented support, transformed the way we work in regard to student services provisioning. The team has also proven that it can effectively assist students virtually, pivoting as needs change and business models are rewritten in a post COVID-19 world. In fact, their experiences continue to inspire other areas of the institution, which seek to replicate the benefits of this operational model by leveraging technology and remaining laser-focused on providing customer-first, efficient service—key ingredients to achieving administrative excellence.

New supplier diversity initiatives allowed the University to onboard more than 500 new minority-owned businesses—expanding the potential for bidding and purchasing opportunities.

We remain intrepid in our pursuit of a culture of belonging at the University and throughout the community, where no matter one’s identity or walk of life, we are all valued and have the opportunity to add value. The opening of the Center for Global Black Studies created a unifying platform to allow the University to be a leader in addressing structural inequalities.

The University of Miami formalized its partnership with the Organization of American States to support its mission and to grow the University’s relationship and interconnectedness with the Americas and beyond. The partnership will provide opportunities for collaboration on research, innovation, and information that will help organizations and communities make sound decisions on critical issues.

The reinvigorated Standing Committee on Diversity, Equity, and Inclusion—consisting of more than 40 members from across the University—continued to uphold the institution’s commitment to equality. Notable accomplishments include: hiring 14 new Black faculty members for the 2021–22 academic year, an increase from an average of two to five Black faculty members typically hired annually; awarding $55,000 to 13 recipients in the inaugural round of Racial Justice Grants, leading to extensive engagement with community leaders and nonprofit organizations on issues that affect the Black community; and identifying a space on campus where students can gather and celebrate diversity and all identities, with renovations to the site beginning this academic year.