THE ART OF A
COLLEGE EDUCATION
political and social elite. Her mansion sits atop Nob Hill, one of the
city’s most exclusive zip codes.
Under Stephens’ leadership, the
school has purchased dozens of
properties across the city, amassing a real estate portfolio worth
at least $320 million. Annual revenues in 2009-10 were more than
$247 million, up from $59 million
a decade before, according to the
most recent federal data.
University officials did not make
Stephens available for an interview
“NOTHING AT
THE UNIVERSITY
HAPPENS WITHOUT
ELISA STEPHENS;
NO ONE THERE HAS
AUTHORITY OTHER
THAN HER. SHE AND
THE INSTITUTION ARE
ONE AND THE SAME.”
after multiple requests, citing a
busy schedule, but she responded
to questions by e-mail. The university referred other questions to a
spokeswoman, Susan Toland.
“Academy of Art student ́