Financial Sustainability
The College will work strategically to utilize financial and physical resources to increase success and efficiency. This includes growing revenue sources, investing in capital improvements, and implementing cost savings across all divisions.
Goals
Explore, assess and implement ways to grow existing and develop new revenue sources.
- Over the next five years, achieve sustainable financial results with spending increases at approximate inflation rates while achieving favorable operating results to address needs of the College.
- Explore, assess and implement new revenue sources.
- Strengthen engagement and giving and foster ongoing connection with alumni and donors.
Ensure effective and efficient use of campus residential, co-curricular and instructional spaces.
- Ensure effective and efficient use by strengthening oversight and assessment of campus space.
- Grow toward a four year on-campus living experience for all students.
- Develop a plan for the optimal physical accessibility of campus spaces.
Explore, assess and implement strategies to fund capital improvements.
- Provide leadership in resource conservation in campus operations.
- Expand framework for prioritizing capital improvements to include essential guidelines for classroom renovation.
- Design for an assortment of flexible, active and specialized instructional spaces that support a variety of classroom learning designs, including exploring creative solutions such as outdoor and non-traditional spaces.
- Identify and implement strategies to fund capital improvements.
Explore, assess and implement cost saving measures in line with strategic goals and expense management best practices.
- Explore, assess, and implement cost-saving measures.
- Continually work to reduce greenhousegas (GHG) emissions to achieve carbon neutrality by 2050.