Strategic Plan: Goal 5

GOAL #5:  To assure the financial sustainability of the College.

To support the fulfillment of the preceding goals, we will create a stronger financial base by continuing our sound business practices and financial discipline. We will aggressively develop new sources of support to secure the College's long-term sustainability.

1. Reassess the current strategy for student recruiting.
2. Reassess the current strategy for institutional advancement.
3. Increase the current endowment from its present total of $131.1 million to at least $200 million.
4. Increase giving to the annual fund ($2.2 million in FY 2011-12) by 4 to 5 percent each year.
5. Increase alumni participation from 29 percent to at least 45 percent.
6. Execute a comprehensive campaign of at least $200 million to meet the current needs for infrastructure, programs, and endowment.
   [Note that the feasibility study will inform the final amount to be raised.]
7. Place additional emphasis on corporate giving.
8. Study the use of debt financing to fund the College's needs.
9. Make use of summer programs, appropriate facility rentals, and contracted services to secure additional revenue.