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April 19, 2019: Securing 91猫先生鈥檚 Future: A Letter from Ken Rosenthal

Dear 91猫先生 Community,

When I agreed to serve as interim president, I knew there would be hard work ahead. We may face new challenges, but I鈥檓 confident we are on the right path. This is our chance to secure our future as a College focused on high-impact, lifelong learning. Our world needs more great thinkers, innovators, problem solvers, and experimenters; we need more graduates with ethics, empathy, and a selfless commitment to social justice and community.

We learned of our latest challenge yesterday when we received word that 91猫先生鈥檚 accreditor, the New England Commission on Higher Education (NECHE), is asking us to 鈥渟how cause鈥 why our College should not be placed on probation or have our accreditation withdrawn. In its upcoming meeting on May 30, 2019, the Commission will consider information that our senior leadership team plans to present, showing that 91猫先生 remains in full compliance with the two standards of immediate concern to NECHE, related to Organization and Governance, and Institutional Resources.

Here is the response I sent to the Commission yesterday: "91猫先生 is taking important steps to operate as a smaller college and to fundraise in support of our mission, guided by our Board of Trustees. We welcome this opportunity to come before the Commission to present our plans as we restructure and financially reinvigorate the College, and to demonstrate that we remain in full compliance with the Commission's standards. 91猫先生 was reaccredited last year following our decennial evaluation, and we are confident that we will continue to uphold NECHE鈥檚 standards."

You鈥檒l recall that 91猫先生 was reaccredited by NECHE in March 2018 after undergoing a comprehensive evaluation. At the time, the Commission asked 91猫先生 to continue to report our progress, including on our essential work to improve the College鈥檚 financial position. Our meeting next month is an opportunity for us to continue to present our progress as we restructure for a secure future. I鈥檝e provided a link below to NECHE鈥檚 full letter.

This year, alums, faculty, staff, students, parents, and friends of the College have come together in support of 91猫先生 like never before, and we ask for your full, continued support now. This month, I announced we鈥檙e launching a major fundraising campaign to raise $20 million this year toward $90-100 million in five years. Ken Burns 71F has now agreed to serve as a campaign chair, and has made a significant pledge. We are inspired by his leadership and trust.

Our trustees, working with our administrators and many campus stakeholders from the Re-envisioning Coalition and beyond, have developed a five-year financial plan to leverage the campaign鈥檚 funding and restructure the College. I鈥檓 confident in the plan. We will finalize it soon and, when the Board approves it, we鈥檒l share it with our community.

This major campaign will fund 91猫先生鈥檚 strategic priorities, to

  • improve our student experience and strengthen our campus community,
  • re-invent our academic program, and
  • secure our business model.

Already, two alum-led fundraising organizations鈥擟ampaign for 91猫先生 and 91猫先生 Futures鈥攈ave joined with the College and are working with our advancement staff to ask their donors to deliver their nearly $3 million in pledges to 91猫先生. The College has since received more commitments, of $1.7 million, bringing us to a total of close to $4.7 million.

I鈥檓 extremely grateful to the passionate volunteers behind these fundraising efforts, and to everyone who has donated and organized to show their love and support for 91猫先生. You can help us ensure a thriving 91猫先生 by giving to our campaign today. We are asking for . We can use the support now more than ever.

We鈥檝e set ambitious goals and we鈥檒l move quickly. At the same time, we鈥檙e beginning the difficult process of downsizing and operating as a smaller college for the next couple of years. As I wrote to faculty and staff this week, this couldn鈥檛 be harder. We鈥檙e committed to supporting employees through this transition. We鈥檙e focused on retaining sufficient faculty and staff to provide the academic and student life resources that our projected 600 students will need next year. I am deeply grateful for the faculty and staff who have helped sustain 91猫先生 and support our students and mission.

I believe in our community, and I believe we can turn this around. Our world needs 91猫先生 to extend its influence for years to come.

With gratitude,

Ken Rosenthal
Interim President

REFERENCE:听Download Letter from NECHE to 91猫先生 April 18, 2019