Strategic Plan: Financial Vitality
Goal 4: To achieve a level of financial strength that supports academic excellence and affordability for students
- The mix and structure of the academic programs will align with financial responsibility.
- Each academic program will have improved by 25 percent in their direct contribution to University fixed costs.
- All programs will have improved by 25 percent in their combined contribution to overhead to University fixed costs.
- Student enrollment levels will support the overall financial strength of the University.
- The undergraduate population will increase to 1,800 FTE including 300 new freshmen and 440 new transfer students annually.
- Graduate enrollment will increase to 750 FTE.
- The population of students in on campus housing will increase to 500.
- Tuition will remain affordable to Wesleyan’s target population.
- Cost of attendance will be maintained at the 50th percentile among peer institutions.
- Alumni giving will support the overall financial strength of the University.
- Alumni giving will match the national average of 13 percent measured by the Council for Aid in Education.
- All capital projects will be funded primarily through gifts.
- 100 percent of capital projects will be funded through gifts and will include a 10 percent maintenance endowment.
- The Endowment will sustain the academic and student support programs of the University while maintaining tuition at an affordable level.
- The endowment level will increase by an average of 5 percent per year, leading to an endowment balance of $50 million.