Background

  • Task Force was appointed by the Board Chair and the President
  • Liberal arts colleges are challenged by a rapidly changing higher education environment
  • There is growing concern that the current liberal arts financial model and traditional patterns of recruitment and retention will not meet this challenge.  Many believe that meeting it will require liberal arts colleges to create new and sustainable sources of revenue as well as making better use of existing resources.
  • The White House is pushing to make higher education more affordable
  • Students and their families have heightened concern about the demonstrable value (return on investment) of a liberal arts education
  • It is accepted by the Board of Trustees that substantial yearly tuition increases cannot be sustained and that consistent endowment growth may not be counted upon
  • There are a number of factors specific to Goucher that point out the need for additional resources.  These include:
    • The ten initiatives outlined in the strategic plan
    • The Board of Trustees' recoginition that we cannot sustain substantial yearly tuition increases and cannot count on consistent endowment growth

Charge to the Task Force

  • Investigate, analyze, and recommend to the Board of Trustees revenue producing ideas that are appropriate for Goucher
  • This investigation may be accomplished by a wide variety of means, including a literature search, hearing from innovators in the field, site visits, conversations within and outside the Goucher community, etc.
  • Report to Board of Trustees, faculty, and the rest of the campus community:
    • Identify the trends in four-year quality residential liberal arts education and the disruptive forces adversely affecting the traditional liberal arts fiscal model (February 2012)
    • Based on Goucher’s strengths and the identified market opportunities, identify new or expanded potential sources of net revenue (May 2012)
    • After vetting and refining the opportunities and the projected fiscal impacts, make specific recommendations (October 2012)

Composition of Task Force

  • Trustees
    • Norma Lynn Fox ’76
    • Ralph Segall P’09
    • Pierce Dunn, Chair
    • Miriam Katowitz ’73
  • Faculty
    • Kelly Brown Douglas, Professor of Religion
    • Mary Marchand, Associate Professor of English
    • Mark McKibben, Professor of Mathematics and Computer Science
    • Rick Pringle, Professor of Psychology and Peace Studies
  • Staff
    • Lisa Hill, Associate Director of Admissions
    • Marc Roy, Provost
  • Ex Officio
    • La Jerne Cornish ’83, Associate Professor of Education
    • Becki Kurdle ’61, Chair of the Board
    • Bill Leimbach, Vice President for Technology and Planning 
    • Sanford Ungar, President