a poor financial outlook. In the 2018–19 school year enrollment was at 1,914 falling to 1,149 by the start of the fall 2023 semester. The university was profitable for the 2021–22 fiscal year, but the next year it had a projected operating loss of $2.56 million, on a budget of about $50 million.
From 2018 to 2022, the university led a capital campaign that allegedly raised $67.2 million, including $5.5 million for financial aid and $24 million for its endowment, which grew to $61.2 million. The school also received a $2.5 million grant from Pennsylvania for infrastructure projects. The exact amount received from those gift pledges is unknown. The endowment money was not usable for day-to-day operations, which remained imperiled. Starting in 2019, the day-to-day university fund ended each academic year with only a single month of funding remaining. In 2023, the president behind the capital campaign, David Yager, retired. He was replaced by Kerry Walk.
In October 2023, Walk privately announced to the deans of the …
介绍+详细信息
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