In keeping with the Faculty Constitution and IU tradition, the University Faculty Council invites the president to present a report on the state of the university each year. In accordance with IU's COVID-19 protocols, only a small, physically distant audience will be present however all members of the IU community and public are invited to virtually attend the address via livestream broadcast

In August 2020, McRobbie announced his plans to retire after 14 years as president and 24 years in senior positions at IU. During his tenure as IU's 18th president, the university has been recognized for its leadership across a wide range of key areas, including student success, research and scholarly excellence, information technology, community engagement, international education, health sciences, training and research, and the state's economic development.