A hallmark of a great university is a strong financial base.
Great universities find ways to attract gifts from private sources
and to grow those gifts. Many of those contributions are gifts
that keep on giving, year after year, because they are endowed
— perhaps as scholarships, chairs and professorships or
build¬ings and facilities. With a strong ongoing financial
base, a great university is less dependent on tuition, fees
or state budgets to continue advancing its mission.
The following quote from Utah State University’s Web
site puts the issue even more cogently:
The bigger the endowment, the stronger the academic reputation
of the university. “Endowments” is a more accurate
term, because a university endowment is a combination of all
sorts of endowments established by alumni and friends.
Please invest time on Nov. 4 to join us as we explore ways
to build our financial base and our academic reputation. The
two are certainly not mutually exclusive. You also may want
to encourage some of your best doctoral students with ambitions
in higher education to participate.
Allen Warner
Faculty Senate President