finance
March 5, 2015
Grow Goshen week
The first week in March, called “Grow Goshen Week,” is a time for thanking supporters of Goshen College. Throughout the year, Goshen College works hard to contact people outside of the campus to raise awareness about the institution and to ask for donations that help keep the school running. According to junior Student Associate in Advancement Armarlie Grier, the Department of Institutional Advancement runs events like the annual phone-a-thon, a telemarketing operation to ask for donations from alumni, as well as sends out postcards to alumni requesting their monetary donations to support the college. Because people are contacted year-round to...
February 19, 2015
Students organize Divestment Day potluck
EcoPAX hosted a potluck on Saturday, February 14 in honor of Divestment Day. According to Cecilia Lapp Stoltzfus, a sophomore and one of the coordinators of the event, the potluck was created as an attempt to engage the larger campus and community in the divestment discussion. Everyone on Goshen’s campus and members of the surrounding community were invited to eat, discuss and learn more about divesting from fossil fuel companies. Global Divestment Day is a day devoted to education about fossil fuels and how they affect our global climate. On this day, people and institutions are encouraged to divest their...
January 22, 2015
GC recognized on Kiplinger’s Top 100
Goshen College has once again made its mark as one of the Top 100 ‘Best Value’ among all liberal arts colleges by Kiplinger’s Personal Finance magazine for 2015. The Kiplinger’s Top 100 list is composed of liberal arts colleges across the nation that pair outstanding quality with student affordability. Kiplinger’s Personal Finance magazine assesses the quality of colleges according to standards such as admission rate, returning first-year student percentage, the student to faculty ratio and the four-year graduation rate. This year, Goshen College retains its spot as second among the Indiana liberal arts colleges represented in the top 100. Goshen...
December 3, 2014
Goshen College receives nearly $2 million donation
Goshen College has received nearly $2 million for scholarships from Milo Albrecht, a 93-year-old farmer and regular donor. In what is the largest one-time donation by an individual in GC’s history, Milo gave $1.98 million worth of stocks to go primarily toward nursing scholarships. These stocks came from years of investing during his life as a farmer. Herb Roth, Albrecht’s cousin and caregiver, said in the GC news release, “Milo lived a simple, conservative life which allowed him to do this. He was an astute investor.” Albrecht attended Goshen College for three semesters from 1939-1949. He began giving to GC...
October 22, 2014
Grant Proposal Submitted to Lilly Endowment Inc.
On Sept. 30, Goshen College’s Center for Intercultural and International Education submitted a grant proposal to Lilly Endowment Inc. In the past, Goshen received Endowments for $750,000 in 2003 and another for $12.5 million in 2007, both for intercultural development. The previous Endowments made the Center for Intercultural Teaching and Learning possible, which was recently renamed the CIIE. Gilberto Pérez Jr. acts as the center’s senior director for intercultural development and educational partnerships. A recently published Impact Report, available on Goshen’s website, details the efforts that CIIE has done with the funds from the Lilly Endowment thus far. CIIE develops...
April 17, 2014
Restructuring Continues Per Budget Cuts
As the current academic calendar comes to an end, Goshen College will continue a process of change to prepare for a new school year. During the week of April 28, the President’s Council will announce to employees the cuts and reductions for administrative staff, which will come into effect for the 2014-15 school year. Faculty reductions were announced last December; three full-time and three part-time positions were eliminated, and 10 professors’ teaching loads were reduced to 75-percent contracts, or a load of six courses rather than eight. Goshen College will move to a 12:1 student-faculty ratio from the current 10:1...
March 19, 2014
New house one step closer to master plan
If Goshen College has learned one fact about buying a house in the last 15 years, it’s that you need patience – lots and lots of patience. The college just bought the last house in a line of seventeen houses along College Avenue as part of a long-term master plan to open the campus up to the community, a process which has taken more than 15 years. The plan is to eventually demolish the houses, which are located between 9th and 12th Streets; in short term, the college will use them as rentals. Jim Histand, VP of finance, helped to...
March 19, 2014
Everence moves to eco-friendly endowment
Almost all of Goshen College's $102 million endowment will fund environmentally friendly companies, according to Jim Histand, vice president for finance. GC and other Mennonite institutions that manage their endowment fund investments with the Mennonite Education Agency can rest assured that their collective endowment investments will be in more environmentally friendly companies. Specific investments with oil, coal and gas companies have been reevaluated by Everence, the Mennonite-based financial company handling the MEA's endowment investments. Nevertheless, the college has been searching for ways to reduce a $2.8 million budget gap. To the untrained eye, GC may appear to not be in...
February 19, 2014
[POST AT 9:30] Campus Living Changes Made for Financial Savings and Sustainability
Changes to residence halls, small group housing, campus housing and Residence Life staff are to come. Residence Life hopes to create stronger communities and more stable finances. Chad Coleman, director of residence life and intramurals, said, “We’re solving more problems. That’s the gist of this whole thing.” These changes will be implemented for the 2014-15 school year. Miller hall will be closed, but Yoder 1 and Kratz 4 will be opened. Subsequently, there will be one less Resident Assistant position. Four small group houses will be closed. Hospital, Vita, Valesco and Adelphian houses will all be closed to students next...
February 19, 2014
Campus living changes made for financial savings and sustainability
Changes to residence halls, small group housing, campus housing and Residence Life staff are to come. Residence Life hopes to create stronger communities and more stable finances. Chad Coleman, director of residence life and intramurals, said, “We’re solving more problems. That’s the gist of this whole thing.” These changes will be implemented for the 2014-15 school year. Miller hall will be closed, but Yoder 1 and Kratz 4 will be opened. Subsequently, there will be one less Resident Assistant position. Four small group houses will be closed. Hospital, Vita, Valesco, and Adelphian houses will all be closed to students next...
February 5, 2014
Divestment: Students Lead Movement for Discussion
Recycling a can or milk jug here or there, using re-usable water bottles, and taking shorter showers are common habits at Goshen College, especially among those who consider themselves “green people.” But when it comes to the eco-friendliness of Goshen College’s investments, students and faculty alike are mostly in the dark. Karina Kreider and Carina Zehr, seniors, along with Cecilia Lapp Stoltzfus, Noemi Salvador and Jacob Penner, first-years, are taking the lead on campus in hopes of shedding some light on the subject. Divestment from fossil fuel companies is a relatively new topic being discussed on many college campuses across...
January 22, 2014
To Continue the Care: Scholarship in Memorial of Isaac Steiner
Isaac Steiner would have turned eight this Thursday. Instead his parents, Rob and Sarah Steiner, will face a difficult birthday in remembrance of their son, the first since Isaac lost his life to a 21-month battle with brain cancer last March. Throughout Isaac’s devastating fight, the family found some solace in the support of their community – and their nurses. This support led his parents, both Goshen College graduates (’98), to create a scholarship for GC nurses, wishing to continue the kind of care Isaac had. “Isaac loved his nurses,” said his mother, Steiner. “They developed relationships with him, knew...
January 22, 2014
Will Students be Affected by 14-15 Budget Cuts?
With leaner courses and faculty reductions arranged for the upcoming 14-15 school year, Goshen College will now focus on thinning overhead costs in administrative departments throughout next semester. Deciding how the college can serve as an effective steward of its resources requires a great deal of work, calling for correspondence from each department across campus. Bill Born, vice president of student life, said, "We often work with projections [based on] multiple variables related to enrollment, financial aid, student retention, staffing variance throughout the year, departmental budget management, et cetera.” Born also says that members of student senate will remain informed...
January 15, 2014
Goshen Trims Faculty Positions, Budget in Strategic Shift
At the semester’s end, Goshen College announced faculty reductions and other changes for the 2014-15 academic year. Academically, the college plans to increase student-faculty ratios, implement the use of connected academics “schools” to create more interdisciplinary majors, and offer fewer low-enrollment courses. Further changes will come late in the spring as the administrative side of campus is reviewed and restructured. The changes come during a long-term strategic planning process and preparation for institutional re-accreditation in March 2015. At the same time, the college is in the process of addressing a several million dollar budget deficit for 2014-15. During the course...
March 13, 2013
The truth behind tuition hikes
Despite increases, Goshen remains in good standing. College is expensive. Just ask any senior graduating with $50,000 in debt, or parents – many of whom foot a large part of the bill for Goshen students – or even the administrators who spend countless hours crunching numbers and trying to make ends meet while keeping Goshen's education affordable. Annabeth Tucker, a junior English writing major, said, “I am nearing the end of my college career. Debt from loans is about to become a very big reality.” She is not alone. Over the last several years students have seen a vast growth...